NEW YORK CENTER FOR RESEARCH ECONOMIC

ALBANY, NY, 12203 (518) 956-7322 Est. 2018 EIN 84-4046818
U40 - Engineering & Technology 990 - Public charity return 501(c)(3)
ny-creates.org

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).

Giving Portfolio

Total Grants
2
Total Giving
$454K
Recipients
2
Years Active
2024
Avg grant: $226,947 Median: $226,947

Sectors Funded

Employment
1
Education
1

Top States

New York
2

Grantee Size Profile

$100K - $500K
1
$1M - $5M
1

Top Grantees

Grants Awarded · 2 grants

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Financials

Total Revenue
$144,806,088
Total Expenses
$240,710,262
Net Assets
$-104,471,570
10 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
5.2 months deficit Deficit
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 235.9%
Expenses ↑ 306.8%
Revenue Sources
Contributions 91.1% Other 9.0%
Expense Breakdown
Program 100.0%

Officers & Trustees (20)

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Filing History (4 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jul 1, 2024 to Jun 30, 2025
$144,806,088 ↑$240,710,262$-104,471,570
2022 990 - Public charity return
Jul 1, 2022 to Jun 30, 2023
$17,502,814 ↑$11,442,867$7,494,911
2021 990 - Public charity return
Jul 1, 2021 to Jun 30, 2022
$6,615,819 ↑$5,280,820$1,434,964
2020 990 - Public charity return
Jul 1, 2020 to Jun 30, 2021
$4,450,000 $4,350,035$99,965

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EIN: 84-4046818 · Source: IRS Form 990 e-file data