Civic Intelligence

Cuny Economic Development Corporation

EIN 13-4165855 • 501(c)3 • New York, NY

Profile

Cuny economic development corporation (cuny edc) was incorporated in march 2001 to support and advance the education, research and public service mission of the city university of new york (cuny). The primary purposes of cuny edc are to:1) broaden and enrich the academic environment at cuny by providing entrepreneurial opportunities to cuny faculty, students and staff; 2)foster relationships between cuny and the new york city business and technology community, thereby facilitating the transfer of cuny scholarships to the public; and3) to promote the economic development and competitiveness of new york city and new york state.

555 West 57th Street 16 FLNew York, NY 10019
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

2.60x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

12.50x

Higher debt load relative to revenue than 99% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2024

Net Margin

39th percentile

0.0%

Higher net margin than 39% of similar nonprofits.

NTEE S31 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S31 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

0.0%

Faster asset growth than 49% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

0.0%

Faster revenue growth than 50% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Flat

$30,808

Flat from 2023

Liabilities

Flat

$80,232

Flat from 2023

Net Assets

Flat

-$49,424

Flat from 2023

Revenue

Flat

$6,419

Flat from 2023

Expenses

Flat

$6,419

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $2,079,030Liabilities 2010: $80,232Net Assets 2010: $1,998,7982010Assets 2011: $2,067,026Liabilities 2011: $80,232Net Assets 2011: $1,986,7942011Assets 2012: $2,006,101Liabilities 2012: $80,232Net Assets 2012: $1,925,8692012Assets 2013: $2,052,665Liabilities 2013: $128,191Net Assets 2013: $1,924,4742013Assets 2014: $894,108Liabilities 2014: $89,832Net Assets 2014: $804,2762014Assets 2015: $1,061,576Liabilities 2015: $80,232Net Assets 2015: $981,3442015Assets 2016: $837,363Liabilities 2016: $81,475Net Assets 2016: $755,8882016Assets 2017: $812,946Liabilities 2017: $80,232Net Assets 2017: $732,7142017Assets 2018: $818,453Liabilities 2018: $80,232Net Assets 2018: $738,2212018Assets 2019: $30,833Liabilities 2019: $80,232Net Assets 2019: -$49,3992019Assets 2020: $30,833Liabilities 2020: $80,257Net Assets 2020: -$49,4242020Assets 2021: $30,808Liabilities 2021: $80,232Net Assets 2021: -$49,4242021Assets 2022: $30,808Liabilities 2022: $80,232Net Assets 2022: -$49,4242022Assets 2023: $30,808Liabilities 2023: $80,232Net Assets 2023: -$49,4242023Assets 2024: $30,808Liabilities 2024: $80,232Net Assets 2024: -$49,4242024

Highlighted filing

2024

Assets$30,808
Liabilities$80,232
Net Assets-$49,424

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KExpenses 2010: $38,3002010Expenses 2011: $14,2542011Expenses 2012: $111,8292012Revenue 2013: $278,507Expenses 2013: $279,902Net Income 2013: -$1,3952013Revenue 2014: $116,607Expenses 2014: $236,805Net Income 2014: -$120,1982014Revenue 2015: $16,076Expenses 2015: $27,511Net Income 2015: -$11,4352015Revenue 2016: $6,540Expenses 2016: $24,819Net Income 2016: -$18,2792016Revenue 2017: $8,507Expenses 2017: $21,244Net Income 2017: -$12,7372017Revenue 2018: $13,383Expenses 2018: $7,876Net Income 2018: $5,5072018Revenue 2019: $20,725Expenses 2019: $8,793Net Income 2019: $11,9322019Revenue 2020: $6,419Expenses 2020: $6,444Net Income 2020: -$252020Revenue 2021: $6,419Expenses 2021: $6,419Net Income 2021: $02021Revenue 2022: $6,419Expenses 2022: $6,419Net Income 2022: $02022Revenue 2023: $6,419Expenses 2023: $6,419Net Income 2023: $02023Revenue 2024: $6,419Expenses 2024: $6,419Net Income 2024: $02024

Highlighted filing

2024

Revenue$6,419
Expenses$6,419
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.08$0.05$0.01$0.01$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.08$0.05$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.05$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.05$0.01$0.01$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.08$0.05$0.01$0.01$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.08$0.05$0.02$0.01$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.08$0.74$0.01$0.01$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.08$0.73$0.01$0.02$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.08$0.76$0.01$0.02$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.08$0.98$0.02$0.03$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.09$0.80$0.12$0.24$0.12
2013Summary only. Only limited summary data is available for this year.$2.05$0.13$1.92$0.28$0.28$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.08$1.93$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.08$1.99$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.08$2.00$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.2
Gross Receipts
$6,419
Mission and Program Overview

Mission

Cuny economic development corporation (cuny edc) was incorporated in march 2001 to support and advance the education, research and public service mission of the city university of new york (cuny). The primary purposes of cuny edc are to: 1) broaden and enrich the academic environment at cuny by providing entrepreneurial opportunities to cuny faculty, students and staff; 2) foster relationships between cuny and the new york city business and technology community, thereby facilitating the transfer of cuny scholarships to the public; 3) to promote the economic development and competitiveness of new york city and new york state.

Cuny economic development corporation (cuny edc) was incorporated in march 2001 to support and advance the education, research and public service mission of the city university of new york (cuny). The primary purposes of cuny edc are to:1) broaden and enrich the academic environment at cuny by providing entrepreneurial opportunities to cuny faculty, students and staff; 2)foster relationships between cuny and the new york city business and technology community, thereby facilitating the transfer of cuny scholarships to the public; and3) to promote the economic development and competitiveness of new york city and new york state.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION IS HOLDING CASH WHICH IS A RESTRICTED FUND SET ASIDE TO SUPPORT THE WORK OF NYC CLEANTECH COLLABORATIVE, AN ORGANIZATION WITH AN OVERALL GOAL TO ACCELERATE THE ADOPTION OF PROMISING CLEANTECH PRODUCTS AND SERVICES IN NEW YORK CITY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HECTOR BATISTADirector-$0--
DEREK DAVISDirector-$0--
MOHAMED ATTALLADirector-$0--
SCOTT BURRELLExecutive Director-$0--
JANE DAVISSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Cuny Economic Development Corporation
EIN
13-4165855
Phone
6466642635
Address
555 WEST 57TH STREET 16 FL, NEW YORK, NY 10019

Signing Officer

Name
Scott Burrell
Title
Executive Director
Phone
2125410446
Signed
2023-05-03
Discuss with paid preparer
Yes

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
245 PARK AVENUE 12TH FLOOR, NEW YORK, NY 10167
Preparer
Eva Mruk
Phone
2122862600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: imputed interest. Amount: 6,419.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: interest. Amount: 6,419.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to cuny. Beg. Of year amount: 80,232. End of year amount: 80,232.

Raw XML Appendix166 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010019
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IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-49424
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-49424
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-49424
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-49424
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0HECTOR BATISTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DEREK DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MOHAMED ATTALLA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SCOTT BURRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JANE DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06419
IRS990EZ/OtherRevenueTotalAmt06419
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0CUNY ECONOMIC DEVELOPMENT CORPORATION (CUNY EDC) WAS INCORPORATED IN MARCH 2001 TO SUPPORT AND ADVANCE THE EDUCATION, RESEARCH AND PUBLIC SERVICE MISSION OF THE CITY UNIVERSITY OF NEW YORK (CUNY). THE PRIMARY PURPOSES OF CUNY EDC ARE TO:1) BROADEN AND ENRICH THE ACADEMIC ENVIRONMENT AT CUNY BY PROVIDING ENTREPRENEURIAL OPPORTUNITIES TO CUNY FACULTY, STUDENTS AND STAFF; 2)FOSTER RELATIONSHIPS BETWEEN CUNY AND THE NEW YORK CITY BUSINESS AND TECHNOLOGY COMMUNITY, THEREBY FACILITATING THE TRANSFER OF CUNY SCHOLARSHIPS TO THE PUBLIC; AND3) TO PROMOTE THE ECONOMIC DEVELOPMENT AND COMPETITIVENESS OF NEW YORK CITY AND NEW YORK STATE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION IS HOLDING CASH WHICH IS A RESTRICTED FUND SET ASIDE TO SUPPORT THE WORK OF NYC CLEANTECH COLLABORATIVE, AN ORGANIZATION WITH AN OVERALL GOAL TO ACCELERATE THE ADOPTION OF PROMISING CLEANTECH PRODUCTS AND SERVICES IN NEW YORK CITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt06419
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION'S SUPPORTED ORGANIZATION IS A PUBLIC UNIVERSITY SYSTEM WHICH IS AN EDUCATIONAL ORGANIZATION AS DESCRIBED IN SECTION 170(B)(1)(A)(II).
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: IMPUTED INTEREST. AMOUNT: 6,419.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST. AMOUNT: 6,419.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO CUNY. BEG. OF YEAR AMOUNT: 80,232. END OF YEAR AMOUNT: 80,232.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-03
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ReturnHeader/Filer/BusinessNameControlTxt0CUNY
ReturnHeader/Filer/EIN0134165855
ReturnHeader/Filer/PhoneNum06466642635
ReturnHeader/Filer/USAddress/AddressLine1Txt0555 WEST 57TH STREET 16 FL
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010019
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873231666
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0245 PARK AVENUE 12TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010167
ReturnHeader/PreparerPersonGrp/PhoneNum02122862600
ReturnHeader/PreparerPersonGrp/PreparationDt02023-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVA MRUK
ReturnHeader/ReturnTs02023-05-03T16:16:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURRELL
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. NTEE S31 • <$500k nonprofits