2025-08-26T07:31:12-05:00 2024-12-31 222027092 WITHUM SMITH & BROWN PC 424 MAIN STREET SUITE 800 BUFFALO NY 142023508 990 2024-01-01 161188210 WESTERN NEW YORK TECHNOLOGY DEVELOPMENT CENTER INC WEST 7166363626 683 NORTHLAND AVENUE 1109 BUFFALO NY 14211 BENJAMIN L RAND PRESIDENT 7166363626 2025-08-25 1 1 MARY MADONIA P00405803 7168472651 2025-08-25 2024 2025-03-06 01:10:19Z INSYTE CONSULTING BENJAMIN L RAND 683 NORTHLAND AVENUE 1109 BUFFALO NY 14211 2149736 0 X WWW.INSYTE-CONSULTING.COM X 1984 NY TO TRANSFORM OUR REGION BY STIMULATING THE GROWTH AND CREATION OF DYNAMIC COMPANIES IN ORDER TO PROVIDE A SUPERIOR STANDARD OF LIVING FOR RESIDENTS. 16 16 10 16 0 0 850000 850000 1679522 1256726 6842 9362 26604 33648 2562968 2149736 0 0 0 0 1412423 1401170 0 0 0 1160607 875650 2573030 2276820 -10062 -127084 1202582 1101355 356137 381027 846445 720328 TO TRANSFORM OUR REGION BY STIMULATING THE GROWTH AND CREATION OF DYNAMIC COMPANIES IN ORDER TO PROVIDE A SUPERIOR STANDARD OF LIVING FOR RESIDENTS. 0 0 2067279 1290374 PROVIDED BUSINESS/CONSULTING SERVICES TO SMALL-TO-MEDIUM-SIZED MANUFACTURERS AND TECHNOLOGY COMPANIES IN THE FIVE COUNTIES OF WESTERN NEW YORK TO IMPROVE OPERATIONS, BUSINESS PRACTICES AND TECHNOLOGIES USED. 2067279 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 20 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X THE ORGANIZATION 7166363626 683 NORTHLAND AVENUE 1109 BUFFALO NY 14211 PETER AHRENS BOARD MEMBER 0.50 X 0 0 0 ROCCO SURACE BOARD MEMBER/TREASURER 0.50 0.50 X X 0 0 0 STEVEN F CALZI BOARD MEMBER/PRESIDENT (TO 5/30/24) 0.50 0.50 X X 0 0 0 PAUL DELLANEVE BOARD MEMBER 0.50 0.50 X 0 0 0 CHRISTOPHER J LANSKI BOARD MEMBER 0.50 X 0 0 0 THOMAS KAMMERER BOARD MEMBER 0.50 X 0 0 0 BARBARA PILMORE BOARD MEMBER 0.50 X 0 0 0 DALE GIER BOARD MEMBER/PRESIDENT 0.50 0.50 X X 0 0 0 CLAYTON SPAETH BOARD MEMBER 0.50 X 0 0 0 JAMES KRAMER BOARD MEMBER 0.50 X 0 0 0 STEPHEN TUCKER BOARD MEMBER 0.50 X 0 0 0 LOUIS PANZICA BOARD MEMBER 0.50 X 0 0 0 MICHAEL PRENDERGAST BOARD MEMBER 0.50 X 0 0 0 KYLE SWIAT BOARD MEMBER 0.50 X 0 0 0 DR ALAN RAE BOARD MEMBER (TO 5/30/24) 0.50 X 0 0 0 HENRY CIALONE BOARD MEMBER 0.50 X 0 0 0 CRAIG FISCHER BOARD MEMBER 0.50 X 0 0 0 CRAIG TURNER BOARD MEMBER/SECRETARY 0.50 0.50 X X 0 0 0 BENJAMIN L RAND PRESIDENT OF CORPORATION 40.00 0.30 X 207147 0 21049 LINDA J MCQUILLEN DIRECTOR OF ADMINISTRATION 40.00 0.30 X 113910 0 7649 RYAN M CASE BUSINESS CONSULTANT 40.00 X 112290 0 26952 PHILIP J CELOTTO BUSINESS CONSULTANT 40.00 X 136943 0 0 JOHN A MCGOWAN BUSINESS CONSULTANT 40.00 X 156590 0 3589 JAMES S JOHNSON BUSINESS CONSULTANT 40.00 X 139455 0 15662 DAVID R HANITZ BUSINESS CONSULTANT 40.00 X 105302 0 12054 971637 0 86955 7 0 1 0 0 850000 850000 CONSULTING FEES 541610 1169818 1169818 SHIFT CONTRACT 541610 86908 86908 1256726 9362 9362 MISCELLANEOUS 541610 27098 27098 SEMINARS AND WORKSHOPS 541610 6550 6550 33648 2149736 1290374 0 9362 321057 277103 43954 831151 717364 113787 159676 137816 21860 89286 77063 12223 16190 13974 2216 15718 15718 3240 2999 241 11568 10148 1420 24109 23209 900 2135 1976 159 12621 10893 1728 22645 19866 2779 SUBCONTRACTORS 656361 656361 BAD DEBT 43972 40696 3276 EQUIPMENT RENTAL AND MA 29572 27369 2203 MISCELLANEOUS 13284 12294 990 24235 22430 1805 2276820 2067279 209541 0 581177 532894 212502 212502 180008 125513 73253 88729 130496 129975 13142 521 142500 141196 1202582 1101355 61959 105076 179553 171162 2905 2905 111720 101884 356137 381027 X 846445 720328 846445 720328 1202582 1101355 -127084 967 0 X X 0 1 X 1 0 X 902727 1041600 850000 850000 850000 4494327 1212945 1682778 1502382 1679522 1256726 7334353 27547 133763 91046 26604 33648 312608 2143219 2858141 2443428 2556126 2140374 12141288 0 0 0 12141288 4064 731 83 6842 9362 21082 4064 731 83 6842 9362 21082 2147283 2858872 2443511 2562968 2149736 12162370 0.99830 0.99870 0.00170 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2637 2637 2637 2637 2638 2637 2638 2638 2638 2638 0 1 1 83233 83304 -71 47263 46671 592 521 RESTRICTED CASH 2905 DUE FROM AFFILIATES 36407 RIGHT OF USE ASSETS 101884 141196 OPERATING LEASE LIABILITY 101884 101884 X 2150703 967 967 2149736 0 2149736 2276820 0 2276820 0 2276820 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 FOUNDATION'S BOARD OF TRUSTEES 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. AS OF DECEMBER 31, 2024 AND 2023, THE FOUNDATION HAS MADE AN INVESTMENT OF $197,363 IN THE AGGREGATE, LEAVING $2,637 AVAILABLE FUNDS 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. X X 0 0 0 1 0 1 0 0 0 BENJAMIN L RAND PRESIDENT OF CORPORATION 207147 0 0 0 0 0 0 0 21049 0 228196 0 0 0 JOHN A MCGOWAN BUSINESS CONSULTANT 145617 0 0 0 10973 0 0 0 3589 0 160179 0 0 0 JAMES S JOHNSON BUSINESS CONSULTANT 139455 0 0 0 0 0 0 0 15662 0 155117 0 0 0 PART I, LINE 5 INSYTE'S ANNUAL NET INCOME WILL BE DIVIDED INTO THREE POOLS: 25% INTO A PROFIT SHARING POOL; 50% INTO A PERFORMANCE BONUS POOL AND 25% INTO INSYTE RETAINAGE. THE PRESIDENT WILL PARTICIPATE IN THE SAME VARIABLE COMPENSATION PLAN AS ALL OTHER INSYTE PERSONNEL, INCLUDING QUARTERLY PROFIT SHARING AND ANNUAL PERFORMANCE BONUS, TO ENSURE ALIGNMENT OF INCENTIVES FOR THE PRESIDENT WITH ALL INSYTE PERSONNEL, WITH TWO IMPORTANT DIFFERENCES FOR THE PERFORMANCE BONUS POOL PORTION: THE COMPENSATION COMMITTEE OF THE TDC BOARD OF DIRECTORS, IN CONSULTATION WITH THE PRESIDENT, WILL SET THE PRESIDENT'S GOALS AND OBJECTIVES FOR PURPOSES OF THE PERFORMANCE BONUS; AND THE PAY-OUT POTENTIAL AVAILABLE FOR THE PRESIDENT'S PERFORMANCE BONUS WILL BE HIS/HER EQUAL SHARE OF THE PROFIT SHARING POOL EQUAL TO 25% OF INSYTE'S ANNUAL NET AND PRO RATA SHARE OF THE PERFORMANCE BONUS POOL EQUAL TO 50% OF INSYTE'S ANNUAL NET, PLUS 75% OF INSYTE'S RETAINAGE (THIS LATTER PORTION BEING NECESSARY TO MEET THE CURRENT TARGET AMOUNT FOR THE PRESIDENT'S BONUS). PART I, LINE 6 BONUSES FOR THE HIGHLY COMPENSATED EMPLOYEES ARE PAID OUT OF 75% OF THE ANNUAL NET USING A TWO PART SYSTEM. PROFIT SHARING WILL BE PAID OUT PRO RATA, QUARTERLY TO ALL INSYTE PERSONNEL. PERFORMANCE BONUSES WILL BE PAID OUT ANNUALLY TO ALL INSYTE PERSONNEL BASED ON ATTAINMENT OF SPECIFIC, PRE-DETERMINED GOALS. 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 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 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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. FORM 990, PART XII, LINE #2C THE INDEPENDENT ACCOUNTANT SELECTION PROCESS AND THE FINANCIAL STATEMENT OVERSIGHT PROCESS HAVE NOT CHANGED FROM THE PRIOR YEAR. TDC FOUNDATION INC 683 NORTHLAND AVENUE SUITE 1109 BUFFALO NY 14211 161336537 SUPPORT OF THE WNY TECHNOLOGY DEVELOPMENT CENTER, INC. NY 501 (C)(3) LINE 12, TYPE 1 WNY TECHNOLOGY DEVELOPMENT CENTER INC 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0