2026-03-31T09:45:19-05:00 2025-06-30 WithumSmithBrown PC ONE TOWER CENTER BLVD 14TH FL EAST BRUNSWICK NJ 08816 990 2024-07-01 133410779 New York City Industrial Technology Assistance Corporation % MS KINDA YOUNES NEWY 2128093900 500 7th Avenue 8th Floor New York NY 10018 KINDA YOUNES EXECUTIVE DIRECTOR 2128093900 2026-05-15 true true Brad Caruso P01249134 7328281614 2024 2025-03-06 01:10:19Z KINDA YOUNES 500 7th Avenue 8th Floor New York NY 10018 1986158 false X WWW.ITAC.ORG X 1987 NY TO STRENGTHEN THE ECONOMY AND JOB BASE OF NEW YORK CITY BY IMPROVING THE COMPETITIVENESS OF LOCAL INDUSTRIAL AND TECHNOLOGY FIRMS. 10 10 7 10 0 1222495 1252489 500209 603055 53530 65369 61349 65245 1837583 1986158 78032 125151 0 0 1173976 1067610 0 0 0 711458 819636 1963466 2012397 -125883 -26239 2414290 2333257 155516 175274 2258774 2157983 X TO STRENGTHEN THE ECONOMY AND JOB BASE OF NEW YORK CITY BY IMPROVING THE COMPETITIVENESS OF LOCAL INDUSTRIAL AND TECHNOLOGY FIRMS. false false 1774079 125151 668300 MANUFACTURING COMPETITIVENESS- ITAC OPERATES UNDER THE UMBREllA OF THE NATIONAL INSTITUTE OF STANDARD & TECHNOLOGY FUNDED MANUFACTURING EXTENSION PARTNERSHIP PROGRAM AND THE EMPIRE STATE DEVELOPMENT DIVISION OF SCIENCE, TECHNOLOGY & INNOVATION PROGRAM. ITAC PROVIDES TECHNICAL AND MANAGEMENT ASSISTANCE THROUGH EXPERIENCED MANUFACTURING FIELD SPECIALISTS WHO HELP COMPANIES EVALUATE AND IMPLEMENT OPPORTUNITIES FOR IMPROVING THEIR COMPETITIVENESS. 1774079 true true false true false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true false false false true 19 0 true 7 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false NY X MS KINDA YOUNES 2128093900 500 7TH AVENUE 8TH FLOOR NEW YORK NY 10018 KINDA YOUNES EXECUTIVE DIRECTOR 40.0 0.0 X 217218 0 44212 Mary McKay Director of Advanced Manufact. 40.0 0.0 X 166230 0 13614 Paul McQuade Secretary-Dir. of Operations 40.0 0.0 X 172856 0 4542 MAL SCHUSTER DIRECTOR 1.0 0.0 X 0 0 0 TIMOTHY G NOBLE CHAIRPERSON - DIRECTOR 2.0 0.0 X X 0 0 0 ALBERT MANGELS DIRECTOR 1.0 0.0 X 0 0 0 STEVEN MASUR ESQ DIRECTOR 1.0 0.0 X 0 0 0 PAUL STORCH DIRECTOR 1.0 0.0 X 0 0 0 JOE MCDERMOTT DIRECTOR 1.0 0.0 X 0 0 0 John A Blaho PHD DIRECTOR 1.0 0.0 X 0 0 0 CHRIS VIGGIANO TREASURER - DIRECTOR 2.0 0.0 X X 0 0 0 Brian T Coleman DIRECTOR 1.0 0.0 X 0 0 0 Manuel Miranda Director 1.0 0.0 X 0 0 0 556304 0 62368 3 false true false 0 1252489 1252489 TECHNICAL ASSISTANCE FEES 900099 593055 593055 SEMINAR/EVENTS 900099 10000 10000 603055 65369 65369 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 65245 65245 65245 1986158 668300 65369 X 125151 125151 0 0 0 456732 378923 77809 0 453033 386670 66363 0 96045 80463 15582 61800 51912 9888 0 2763 2763 30548 30548 3998 3998 0 14428 14428 634531 634531 14212 14212 16262 13987 2275 19365 16266 3099 0 51672 43405 8267 9040 9040 0 2203 2203 0 0 0 20614 17316 3298 2012397 1774079 238318 0 X 200 200 730801 325229 321847 440052 48532 91408 0 0 0 0 0 0 0 0 17494 18294 0 0 1122716 1403374 82000 48000 0 0 0 0 90700 6700 2414290 2333257 135516 172514 0 0 20000 2760 0 0 0 0 0 0 0 0 0 0 0 0 155516 175274 X 2258774 2157983 0 0 2258774 2157983 2414290 2333257 X -26238 5565 -80118 X false true X true false X 1814288 1882246 1320987 1222495 1252489 7492505 0 0 1814288 1882246 1320987 1222495 1252489 7492505 0 7492505 739 501 17302 51628 65369 135539 0 23708 274 30 61349 65245 150606 7778650 4435278 0.96321 0.96780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 3998 3998 false 0 0 0 X SCHEDULE D, PART X, LINE 2: New York City Industrial & Technology Assistance Corporation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and state income taxes under state law. In addition, ITAC is subject to income tax on unrelated business income. ITAC had no unrelated business income for the years ended June 30, 2025 and 2024. Accordingly, no provision for income taxes has been reflected in the accompanying consolidated financial statements. true GAL Manufacturing Company LLC PO Box 22223 New York NY 100872223 821717242 20000 MANUFACTURING GRANT NY Embroidery Studio 307 W 36th Street Floor 3 Newyork NY 10018 134254739 65000 JEFF LAWRENCE AWARD Tempco Glass Fabrication LLC 131-10 Maple Ave flushing NY 11355 455192073 14450 MANUFACTURING GRANT Yula Corp 330 Bryant Ave BRONX NY 10474 131524542 10000 MANUFACTURING GRANT Arbour Group LLC 326 West 43rd Street 5FW New York NY 10036 993193576 8240 Advanced Materials Grant 0 5 PART I, LINE 2: FINANCIAL AID IS AWARDED ON A NEED BASIS USING INDUSTRY STANDARD FINANCIAL DISCLOSURES AND CALCULATIONS. X X X false false false false false false false false false Paul McQuade Secretary-Dir. of Operations 172856 0 0 0 0 0 0 0 4542 0 177398 0 0 0 KINDA YOUNES EXECUTIVE DIRECTOR 217218 0 0 0 0 0 0 0 44212 0 261430 0 0 0 Mary McKay Director of Advanced Manufact. 166230 0 0 0 0 0 0 0 13614 0 179844 0 0 0 FORM 990, PART VI, SECTION B, LINE 11: THE 990 IN ITS ENTIRETY IS PRESENTED TO THE FULL BOARD OF DIRECTORS. EACH MEMBER OF THE BOARD WILL RECEIVE A COPY OF FORM 990 PRIOR TO THE SUBMISSION OF THE FORM TO THE IRS. ITAC WILL NOT FILE FORM 990 UNTIL ALL MEMBERS OF THE BOARD HAVE REVIEWED THE COMPLETED INFORMATION RETURN. FORM 990, PART VI, SECTION B, LINE 12 C: WHEN THE ORGANIZATION BECOMES AWARE OF POSSIBLE CONFLICTS OF INTEREST WITH EITHER AN EMPLOYEE OR BOARD MEMBER, THE INDIVIDUAL(S) ARE APPROACHED REGARDING THE ISSUE. AFTER THE NECESSARY FACT FINDING PROCESS, THE MATTER IS RESOLVED. A FORM IS PROVIDED TO ALL BOARD MEMBERS ON AN ANNUAL BASIS. THE CONFLICT OF INTEREST FORM REQUIRES DISCLOSURE OF CONFLICTS BY THE BOARD MEMBERS. THESE FORMS ARE REVIEWED AND INDIVIDUALS WITH CONFLICTS MUST RECUSE THEMSELVES OF VOTING ON THE MATTER AT HAND. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD OF DIRECTORS COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR ANNUALLY. THE REVIEW IS BASED ON THE ORGANIZATION'S PERFORMANCE, RELATIONSHIP WITH FUNDERS, AND COMMITMENT TO ITAC'S MISSION. THE RATE OF INCREASE IS BASED ON A NUMBER OF FACTORS, INCLUDING SALARIES OF OTHER MEP CENTERS OF SIMILAR SIZE. FORM 990, PART VI, SECTION C, LINE 18 & 19: THE FORM 990 AND FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. COPIES WILL BE PROVIDED IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS. WRITTEN REQUESTS, ALONG WITH REQUESTS VIA PHONE, FAX OR EMAIL WILL BE SENT TO THE REQUESTOR WITHIN THREE BUSINESS DAYS. GOVERNING DOCUMENTS, CONFLICT OF INTEREST policy, AND FINANCIAL STATEMENTS CAN ALSO BE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS CONSISTS OF bad debt expense of $10,118 and forgiveness of debt of $70,000 for a total of $80,118. FORM 990 PART IX LINE 11G DESCRIPTION:PROJECT CONSULTANTS TOTAL FEES:634531 MANUFACTURERS SERVICES INC 500 7th Avenue 8th Floor NEW YORK NY 10018 113351749 SERVICE NY NYC ITAC C 70000 2023 1.00000 true false true false true false false false false false false false false false false false false false false false Manufacturers Services Inc b 70000 book value