Nonprofit · EIN 84-4046818
NY CREATES
Tax-exempt · ALBANY, NY 12203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $144,806,088 | $240,710,262 | -$95,904,174 | $185,329,930 | $289,801,500 | -$104,471,570 |
| June 30, 2024 | 990 | $43,109,313 | $59,171,620 | -$16,062,307 | $49,097,189 | $57,664,585 | -$8,567,396 |
| June 30, 2023 | 990 | $17,502,814 | $11,442,867 | $6,059,947 | $7,538,258 | $43,347 | $7,494,911 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $131,975,980
- of which government grants
- $131,859,864
- Program service revenue
- $0
- Investment income
- $399
- Net income from fundraising events
- -$2,538
- Other revenue
- $12,829,709
Expenses
- Grants and similar amounts paid
- $453,893
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $101,148
- Accounting fees
- $13,000
- Depreciation
- $239,828
- Program services (functional)
- $240,710,262
Balance sheet and other
- Total assets, start of year
- $49,097,189
- Total assets, end of year
- $185,329,930
- Total liabilities, end of year
- $289,801,500
- Net assets, end of year
- -$104,471,570
- Land, buildings and equipment
- $1,781,577
- Net assets without donor restrictions
- -$273,457,156
- Net assets with donor restrictions
- $168,985,586
- Gross receipts
- $144,833,186
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2018
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICIA ARCIERO-CRAIG | PAST CAO,ACT GEN COUN Former | 0 | $456,367 | $23,457 |
| DAVID ANDERSON | PRESIDENT Officer | 1 | $423,795 | $54,493 |
| CHRISTOPHER BORST | VP OF TECHNOLOGY & INFRASTRUCTURE Key employee | 1 | $268,685 | $140,737 |
| TIMOTHY TAYLOR | VP CORPORATE FINANCE & CFO Officer | 1 | $246,552 | $129,144 |
| PAUL KELLY | VP STRATEGY, PSHIPS & NV, & COO Officer | 1 | $283,236 | $44,969 |
| WILLIAM BRONNER | VP OF HUMAN RESOURCES Key employee | 1 | $230,164 | $58,875 |
| MAURICE RAGHUBAR | VP OF IT & CHIEF INFORMATION OFFICER Key employee | 1 | $240,772 | $12,203 |
| REBECCA BORDEN | GENERAL COUNSEL Officer | 1 | $209,772 | $34,081 |
| PATRICIA BUCKLIN | SECRETARY Officer | 1 | $187,984 | $19,325 |
| DOUGLAS GROSE | CHAIR Trustee or director | 0.5 | $72,692 | $0 |
| JASMINKA HUSIC | DIRECTOR, AS OF 6/12/25 Trustee or director | 0.5 | $0 | $0 |
| HEATHER HAGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TERRENCE DALY | DIRECTOR, AS OF 4/7/25 Trustee or director | 0.5 | $0 | $0 |
| DR ANDREA GOLDSMITH | DIRECTOR, AS OF 6/12/25 Trustee or director | 0.5 | $0 | $0 |
| JOAN MCDONALD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL CADIGAN | DIRECTOR, AS OF 6/13/25 Trustee or director | 0.5 | $0 |
| KRISTIN PROUD | DIRECTOR Trustee or director | 0.5 | $0 |
| MENG-LING HSIAO | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHAEL ABBOTT | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT BATEMAN | TREASURER Officer | 0.5 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID ANDERSON | PRESIDENT Officer | 1 | $413,310 | $35,779 |
| CHRISTOPHER BORST | VP OF TECHNOLOGY & INFRASTRUCTURE Key employee | 1 | $240,887 | $132,921 |
| TIMOTHY TAYLOR | VP CORPORATE FINANCE & CFO Officer | 1 | $215,144 | $118,716 |
| PATRICIA ARCIERO-CRAIG | CAO, ACTING GEN COUNS, THRU 4/18/24 Officer | 1 | $267,440 | $57,515 |
| PAUL KELLY | VP STRATEGY, PSHIPS & NV, & COO Officer | 1 | $259,630 | $57,041 |
| DOUG GROSE | CHAIR AS OF 5/1/24/PAST PRES. Trustee or director | 0.5 | $234,232 | $0 |
| WILLIAM BRONNER | VP OF HUMAN RESOURCES Key employee | 1 | $162,304 | $39,361 |
| PATRICIA BUCKLIN | SECRETARY Officer | 1 | $176,417 | $18,127 |
| MAURICE RAGHUBAR | VP OF IT & CHIEF INFORMATION OFFICER Key employee | 1 | $153,676 | $150 |
| REBECCA BORDEN | ACTING GEN COUNS, AS OF 4/19/24 Officer | 1 | $36,686 | $2,119 |
| ANITA BROWN | DIRECTOR, THRU 12/19/23 Trustee or director | 0.5 | $0 | $0 |
| CHRISTINE CHUNG | DIRECTOR, THRU 2/9/24 Trustee or director | 0.5 | $0 | $0 |
| DOREEN HARRIS | DIRECTOR, THRU 4/19/24 Trustee or director | 0.5 | $0 | $0 |
| HEATHER HAGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOAN MCDONALD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH TOMPKINS | DIRECTOR, THRU 10/20/23 Trustee or director | 0.5 | $0 | $0 |
| KRISTIN PROUD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MENG-LING HSIAO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL ABBOTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT BATEMAN | TREASURER Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICIA ARCIERO-CRAIG | CAO, ACTING GENERAL COUNSEL Officer | 1 | $256,392 | $51,477 |
| TIMOTHY TAYLOR | CFO Officer | 1 | $202,060 | $104,485 |
| DAVID ANDERSON | PRESIDENT Officer | 1 | $284,287 | $10,597 |
| PAUL KELLY | COO Officer | 1 | $202,303 | $47,942 |
| PATRICIA BUCKLIN | SECRETARY Officer | 1 | $168,046 | $16,028 |
| DOUG GROSE | PAST PRES/CHAIRMAN, DIR Former | 0 | $183,076 | $0 |
| MICHAEL ABBOTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANITA BROWN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTINE CHUNG | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HEATHER HAGE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOREEN HARRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MENG-LING HSIAO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOAN MCDONALD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRISTIN PROUD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH TOMPKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT BATEMAN | TREASURER Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 257 FULLER RD, ALBANY, NY 12203-3613
- In care of
- % ATTN COUNSEL
- Mailing address (990-N for 2019)
- 257 FULLER RD, ALBANY NY 12203
- Principal officer (990 for 2024)
- DAVID ANDERSON, 257 FULLER RD, ALBANY, NY 12203
- Principal officer (990-N for 2019)
- DOUGLAS GROSE, 257 FULLER RD, ALBANY NY 12203
- Signed the 990
- TIMOTHY TAYLOR, CFO
- Phone
- (518) 956-7322
- Website
- NY-CREATES.ORG
- Return prepared by
- KPMG LLP
Mission
THE NEW YORK CENTER FOR RESEARCH, ECONOMIC ADVANCEMENT, TECHNOLOGY, ENGINEERING AND SCIENCE CORPORATION (NY CREATES) FORMED FOR THE PURPOSE OF ADVANCING SCIENTIFIC RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT WITHIN NEW YORK STATE. SPECIFICALLY, THE PURPOSE OF NY CREATES IS TO FACILITATE THE ATTRACTION AND EXPANSION OF INNOVATIVE RESEARCH AND DEVELOPMENT PROJECTS AND FACILITIES, AND TO DEVELOP STRATEGIC ASSETS THAT SUPPORT THE GROWTH OF HIGH TECHNOLOGY COMPANIES THROUGHOUT THE STATE IN COOPERATION WITH THE STATE UNIVERSITY OF NEW YORK (SUNY) AND THE NEW YORK STATE URBAN DEVELOPMENT CORPORATION D/B/A/ EMPIRE STATE DEVELOPMENT (ESD).
Program accomplishments
- NY CREATES RECEIVED A PAYMENT IN THE AMOUNT OF $10,800,000 FROM FULLER ROAD MANAGEMENT CORPORATION ALONG WITH A GRANT FROM EMPIRE STATE DEVELOPMENT CORPORATION IN THE AMOUNT OF $131,859,864. THE GRANT FUNDS WERE THEN PAID TO ITS RELATED ORGANIZATION TO BUILD A FACILITY IN CONNECTION WITH NY CREATES' MISSION OF SUPPORTING INNOVATIVE RESEARCH AND DEVELOPMENT IN THE STATE.Expenses $240,710,262 · grants $453,893 · revenue $12,832,247
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-4046818
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40)
- Assets (IRS master file)
- $185,329,930
- Income (IRS master file)
- $144,833,186
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $144,806,088 | $240,710,262 | $185,329,930 | IRS |
| 990 | June 2024 | $43,109,313 | $59,171,620 | $49,097,189 | IRS |
| 990 | June 2023 | $17,502,814 | $11,442,867 | $7,538,258 | XML |
| 990 | June 2022 | $6,615,819 | $5,280,820 | $1,449,531 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: DOUGLAS GROSE | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-4046818).
Questions about NY CREATES
- What is the EIN of NY CREATES?
- The employer identification number (EIN) of NY CREATES is 84-4046818.
- Is NY CREATES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NY CREATES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NY CREATES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NY CREATES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NY CREATES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NY CREATES?
- The 990 for the year ended June 30, 2025 names DAVID ANDERSON.
- Who are the officers and directors of NY CREATES?
- The 990 for the year ended June 30, 2025 lists 20 people; 10 received compensation from the organization, the highest $456,367 (PATRICIA ARCIERO-CRAIG, PAST CAO,ACT GEN COUN).
- How much revenue does NY CREATES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $144,806,088, expenses of $240,710,262 and total assets of $185,329,930 at year end.
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