New York Center for Research Economic Advancement Technology Engineeringand
Also known as NY Creates
New York Center for Research Economic Advancement Technology Engineeringand reported $144.8 million in revenue and $240.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 91.1% of the total. Government grants made up 91.1%. The highest compensation it reported for one person was $479,824 (PAST CAO,ACT GEN COUN). 9 people received more than $100,000 in reportable compensation. Revenue rose 3154% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $241MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $145MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.1% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 91.1% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $479,824 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.20% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 9 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -5.2 | 14.7 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseNy 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PAST CAO,ACT GEN COUN Former, 0.00 hrs/week | $456,367 | $0 | $23,457 | $479,824 |
| PRESIDENT Officer, 1.00 hrs/week | $423,795 | $0 | $54,493 | $478,288 |
| VP OF TECHNOLOGY & INFRASTRUCTURE Key employee, 1.00 hrs/week | $268,685 | $0 | $140,737 | $409,422 |
| VP CORPORATE FINANCE & CFO Officer, 1.00 hrs/week | $246,552 | $0 | $129,144 | $375,696 |
| VP STRATEGY, PSHIPS & NV, & COO Officer, 1.00 hrs/week | $283,236 | $0 | $44,969 | $328,205 |
| VP OF HUMAN RESOURCES Key employee, 1.00 hrs/week | $230,164 | $0 | $58,875 | $289,039 |
| VP OF IT & CHIEF INFORMATION OFFICER Key employee, 1.00 hrs/week | $240,772 | $0 | $12,203 | $252,975 |
| GENERAL COUNSEL Officer, 1.00 hrs/week | $209,772 | $0 | $34,081 | $243,853 |
9 people received more than $100,000 in reportable compensation from New York Center for Research Economic Advancement Technology Engineeringand (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 610
Correct a figure or respond
Every number above is copied from New York Center for Research Economic Advancement Technology Engineeringand's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New York Center for Research Economic Advancement Technology Engineeringand, you can publish a response that is linked from this page.
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Of every $100 New York Center for Research Economic Advancement Technology Engineeringand spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Analytic ServicesArlington, VA · revenue $142M · programs 78.9% · FY2025
- Associated UniversitiesVienna, VA · revenue $145M · programs 88.9% · FY2025
- The American Society of Mechanical EngineersNew York, NY · revenue $137M · programs 70.5% · FY2025
- Fermi Research Alliance LlcBatavia, IL · revenue $169M · programs 98.5% · FY2025
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All science & technology charities · Largest charities in New York
Questions people ask
How much of New York Center for Research Economic Advancement Technology Engineeringand's spending goes to programs?
In the fiscal year ending June 30, 2025, New York Center for Research Economic Advancement Technology Engineeringand reported that 100.0% of its $240.7 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does New York Center for Research Economic Advancement Technology Engineeringand pay its top executive?
The largest total compensation New York Center for Research Economic Advancement Technology Engineeringand reported for one person in the fiscal year ending June 30, 2025 was $479,824, for the role of PAST CAO,ACT GEN COUN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New York Center for Research Economic Advancement Technology Engineeringand get its money?
Of $144.8 million in revenue in the fiscal year ending June 30, 2025, 91.1% came from contributions and grants (including 91.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is New York Center for Research Economic Advancement Technology Engineeringand a registered charity?
The IRS lists EIN 84-4046818 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631339349308473 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531159349300438 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431289349303513 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349302459 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349305847 · read the filing
All filings for EIN 84-4046818: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.