Civic Intelligence

Western New York Technology Development Center Inc.

990 • Fiscal year 2019 • EIN 16-1188210

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 29, 2020

683 Northland Avenue No 1109Buffalo, NY 14211

(716) 636-3626

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.24x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

39th percentile

-0.0%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$267,225

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-1.5%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,050,944

Down $251,145 (-19%) from 2018

Net Assets

Up

$796,447

Up $50 (+0.0%) from 2018

Liabilities

Down

$254,497

Down $251,195 (-50%) from 2018

Revenue

Down

$2,289,697

Down $35,864 (-1.5%) from 2018

Expenses

Up

$2,290,819

Up $903 (+0.0%) from 2018

Net Income

Down

-$1,122

Down $36,767 (-103%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,127,732Liabilities 2011: $281,425Net Assets 2011: $846,3072011Assets 2012: $1,199,202Liabilities 2012: $318,305Net Assets 2012: $880,8972012Assets 2013: $1,038,858Liabilities 2013: $152,819Net Assets 2013: $886,0392013Assets 2014: $1,077,858Liabilities 2014: $251,331Net Assets 2014: $826,5272014Assets 2015: $1,210,862Liabilities 2015: $376,961Net Assets 2015: $833,9012015Assets 2016: $1,020,356Liabilities 2016: $261,793Net Assets 2016: $758,5632016Assets 2017: $1,019,353Liabilities 2017: $258,983Net Assets 2017: $760,3702017Assets 2018: $1,302,089Liabilities 2018: $505,692Net Assets 2018: $796,3972018Assets 2019: $1,050,944Liabilities 2019: $254,497Net Assets 2019: $796,4472019Assets 2020: $1,019,813Liabilities 2020: $382,492Net Assets 2020: $637,3212020Assets 2021: $1,286,247Liabilities 2021: $436,180Net Assets 2021: $850,0672021Assets 2022: $1,346,783Liabilities 2022: $492,526Net Assets 2022: $854,2572022Assets 2023: $1,202,582Liabilities 2023: $356,137Net Assets 2023: $846,4452023Assets 2024: $1,101,355Liabilities 2024: $381,027Net Assets 2024: $720,3282024

Highlighted filing

2019

Assets$1,050,944
Liabilities$254,497
Net Assets$796,447

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,159,479Expenses 2011: $2,129,923Net Income 2011: $29,5562011Revenue 2012: $2,217,307Expenses 2012: $2,182,717Net Income 2012: $34,5902012Revenue 2013: $2,070,404Expenses 2013: $2,065,262Net Income 2013: $5,1422013Revenue 2014: $2,068,181Expenses 2014: $2,127,693Net Income 2014: -$59,5122014Revenue 2015: $2,342,619Expenses 2015: $2,335,245Net Income 2015: $7,3742015Revenue 2016: $2,124,216Expenses 2016: $2,199,554Net Income 2016: -$75,3382016Revenue 2017: $1,989,472Expenses 2017: $1,987,665Net Income 2017: $1,8072017Revenue 2018: $2,325,561Expenses 2018: $2,289,916Net Income 2018: $35,6452018Revenue 2019: $2,289,697Expenses 2019: $2,290,819Net Income 2019: -$1,1222019Revenue 2020: $2,147,283Expenses 2020: $2,305,135Net Income 2020: -$157,8522020Revenue 2021: $2,858,472Expenses 2021: $2,644,987Net Income 2021: $213,4852021Revenue 2022: $2,443,511Expenses 2022: $2,439,340Net Income 2022: $4,1712022Revenue 2023: $2,562,968Expenses 2023: $2,573,030Net Income 2023: -$10,0622023Revenue 2024: $2,149,736Expenses 2024: $2,276,820Net Income 2024: -$127,0842024

Highlighted filing

2019

Revenue$2,289,697
Expenses$2,290,819
Net Income-$1,122
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 29, 2020
Return Version
2019v5.1
Gross Receipts
$2,289,697
Mission and Program Overview

Mission

To transform our region by stimulating the growth and creation of dynamic companies in order to provide a superior standard of living for residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$679,343$555,476▼ $123,867
Pledges and Grants Receivable$257,909$267,306▲ $9,397
Accounts Receivable$279,817$142,566▼ $137,251
Prepaid Expenses and Deferred Charges$71,047$61,980▼ $9,067
Land, Buildings, and Equipment, Net$11,196$15,114▲ $3,918
Total Assets$1,302,089$1,050,944▼ $251,145
Other Assets Total$2,777$8,502▲ $5,725
Liabilities
Accounts Payable and Accrued Expenses$313,235$229,493▼ $83,742
Other Liabilities$95,434$0▼ $95,434
Deferred Revenue$94,246$22,227▼ $72,019
Escrow Account Liability$2,777$2,777→ $0
Total Liabilities$505,692$254,497▼ $251,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$796,397$796,447▲ $50
Total Net Assets Fund Balance$796,397$796,447▲ $50
Total Liabilities and Net Assets / Fund Balance$1,302,089$1,050,944▼ $251,145

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,451$167,294$181,745
Other Land Buildings$663$112,550$113,213
Leasehold Improvements$0$1,374$1,374

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,638---$2,638
2018$2,638---$2,638
2017$2,638---$2,638
2016$2,638---$2,638
2015$2,638---$2,638
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin L RandPresident of CorporationFT$181,855$85,370$267,225
John a McgowanBusiness ConsultantFT$121,641$36,044$157,685
James S JohnsonBusiness ConsultantFT$128,785$12,675$141,460
Philip J CelottoBusiness ConsultantFT$132,669-$132,669
Linda J McquillenDirector of AdministrationFT$113,648$6,672$120,320
David R HanitzBusiness ConsultantFT$106,141$13,455$119,596
Robert J KosobuckiBusiness ConsultantFT$109,679$6,696$116,375

Board Members and Trustees

NameTitle
Steven F CalziDirector/chairperson
Christopher J LanskiDirector
Clayton SpaethDirector
Dr Alan RaeDirector
Dr Marnie LavigneDirector
James KramerDirector
Kyle SwiatDirector
Louis PanzicaDirector
Michael PrendergastDirector
Michael UlbrichDirector
Paul DellaneveDirector
Peter ColemanDirector
Rocco SuraceDirector
Thomas J LynchDirector
Thomas KammererDirector
Kenneth P FriedmanDirector/board Secretary
Stephen T LovulloDirector/board Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hallett ConsultingConsulting Services115 SYCAMORE ST, East Aurora, NY 14052$101,575
Revenue and Support

Revenue Composition

Contributions and Grants
$948,137
Program Service Revenue
$1,242,480
Investment Income
$4,426
Other Revenue
$94,654
Change in Net Assets
$-1,122

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,289,697
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,172
Total Revenue per Audited Statements
$2,290,869
Total Revenue per Form 990
$2,289,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,475,777
Other Expenses$815,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$820,897$41,627-$862,524
Current Officers, Directors, Trustees, and Key Employees$262,797$112,628-$375,425
Other Employee Benefits$128,207$17,737-$145,944
Advertising$94,916--$94,916
Payroll Taxes$80,717$11,167-$91,884
Occupancy$39,991$5,533-$45,524
Travel$31,489$900-$32,389
Insurance$18,580$2,311-$20,891
Fees for Services Accounting$11,689$1,617-$13,306
Other Expenses$11,614$1,607-$13,221
All Other Expenses$9,827$936-$10,763
Depreciation Depletion$9,440$1,306-$10,746
Office Expenses$7,178$993-$8,171
Conferences and Meetings$2,583$285-$2,868
Fees for Services Legal-$1,359-$1,359
Total Functional Expenses$2,085,615$205,204$0$2,290,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,290,819
Total Expenses per Audited Statements$2,290,819
Total Expenses per Form 990$2,290,819
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

An outside, independent accounting firm prepares the form 990 and then provides a draft of such to the organization president for review. The final form 990 is then distributed to all members of the board of directors electronically and is discussed at a board meeting.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is discussed with staff annually at an "all-hands" meeting in january each year. Staff and board members are required to sign an annual conflict of interest statement disclosing any possible conflicts. Policies are reviewed and discussed at the board level.

Form 990, Part VI, Section B, Line 15

The executive compensation committee of the board of directors reviews the president's accomplishments, salary, and bonus structure during the fall of each year. The chairperson of such committee conducts periodic performance reviews for the president. The entire committee meets annually to determine the president's salary, key milestones, and bonus structure for the upcoming year.

Form 990, Part VI, Section C, Line 18

The irs form 990 and form 1023 are made available to the public upon written request. The form 990 may also be viewed on guidestar.org.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements of western new york technology development center, inc. Are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Western New York Technology Development
EIN
16-1188210
Phone
7166363626
Address
683 NORTHLAND AVENUE NO 1109, BUFFALO, NY 14211
Doing Business As
Insyte Consulting

Signing Officer

Name
Benjamin L Rand
Title
President
Phone
7166363626
Signed
2020-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin L Rand
Formed
1984
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
12
Volunteers
17

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE #12B

The organization is included in a combined audited financial statement with a related organization. It does not have a separate or consolidated financial statement.

FORM 990, PART XII, LINE #2C

The independent accountant selection process and the financial statement oversight process have not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

Cash held on behalf of others - tdc foundation, a related entity, along with three other unrelated companies, has committed funds to invest in the western new york business development fund (bdf), whose primary purpose is to provide financial support for local start-up companies. Tdc, acting as agent for bdf transactions, collects funds from the four companies, and distributes them to the start-up companies who have been selected by the bdf. Until their distribution, the funds are held in a separate checking account designated soley for this purpose.

PART V, LINE 4:

The board of directors of tdc foundation, inc., a related party, has committed to investing up to $200,000 in the western new york business development fund (bdf), whose primary purpose is to provide equity capital for local start-up companies. The foundation, together with other bdf investors, will fund its commitments as bdf approves investments in the start-up companies. Bdf investments are made with terms that will vary depending on the transaction. The foundation has made an investment of $197,362 in the aggregate, as of december 31, 2019 leaving $2,638 available for future investments.

PART X, LINE 2:

The organization has received a determination letter from the internal revenue service stating that they are exempt from federal income taxes on related income under section 501(c)(3) of the internal revenue code. Management does not believe that circumstances have subsequently occurred which would alter the tax-exempt status of the company. The company has also received a determination letter that they are not a private foundation within the meaning of section 509(a)(1) and (3), respectively, of the code.

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IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS KAMMERER
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL PRENDERGAST
IRS990/Form990PartVIISectionAGrp/PersonNm4KYLE SWIAT
IRS990/Form990PartVIISectionAGrp/PersonNm5LOUIS PANZICA
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES KRAMER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR/BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR/BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR/CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT OF CORPORATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt19BUSINESS CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt20BUSINESS CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt21BUSINESS CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt22BUSINESS CONSULTANT
IRS990/Form990PartVIISectionAGrp/TitleTxt23BUSINESS CONSULTANT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt0948137
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02289697
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO TRANSFORM OUR REGION BY STIMULATING THE GROWTH AND CREATION OF DYNAMIC COMPANIES IN ORDER TO PROVIDE A SUPERIOR STANDARD OF LIVING FOR RESIDENTS.
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt186378
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherExpensesAmt0748293
IRS990/PYOtherRevenueAmt0179082
IRS990/PYProgramServiceRevenueAmt01232623
IRS990/PYRevenuesLessExpensesAmt035645

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.38$0.72$2.15$2.28$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.20$0.36$0.85$2.56$2.57$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.49$0.85$2.44$2.44$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.44$0.85$2.86$2.64$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.38$0.64$2.15$2.31$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.25$0.80$2.29$2.29$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.30$0.51$0.80$2.33$2.29$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.26$0.76$1.99$1.99$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.26$0.76$2.12$2.20$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.38$0.83$2.34$2.34$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.25$0.83$2.07$2.13$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.04$0.15$0.89$2.07$2.07$0.01
2012Summary only. Only limited summary data is available for this year.$1.20$0.32$0.88$2.22$2.18$0.03
2011Summary only. Only limited summary data is available for this year.$1.13$0.28$0.85$2.16$2.13$0.03