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Filing year 2023

DOWNSTATE TECHNOLOGY CENTER INC

Brooklyn, New York·EIN 11-3600385·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$3.1M
Total assets
$4.8M
Total expenses
$2.5M
Reported officers
15
Mission

SEE SCHEDULE ODOWNSTATE TECHNOLOGY CENTER, INC. (DTC) WAS FORMED TO PROVIDE AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP SCIENTIFIC AND MEDICAL RESEARCH THAT CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY PRODUCTS AND SERVICES AND/OR RENTAL SPACE IN INCUBATOR AND RESEARCH FACILITIES IN BROOKLYN, NEW YORK. TO ACCOMPLISH THIS, DTC HAS DESIGNED AND DEVELOPED AND CURRENTLY OPERATES STATE-OF-THE-ART INCUBATOR FACILITIES WHERE IT LEASES WET LABORATORY AND OFFICE SPACE TO BIOTECHNOLOGY AND OTHER LIFE SCIENCES COMPANIES TO CONDUCT CUTTING EDGE RESEARCH AND DEVELOPMENT.

Reported officers (all unpaid)

No paid executives reported in 2023. DOWNSTATE TECHNOLOGY CENTER INC reported 15 unpaid officers and board members on its 990.

President
Trustee
Treasurer
Trustee
Trustee
Trustee (to 6/17/2024)
Trustee
Trustee
Trustee
Trustee
Assistant Treasurer
Program Manager
Secretary
Executive Director (current)
Executive Director

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

DOWNSTATE TECHNOLOGY CENTER INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
$2.1M
2022
$3.1M
$2.5M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in New York

DOWNSTATE TECHNOLOGY CENTER INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable community improvement & capacity building organization in New York earns a median of $99,234.

25th percentile
$45k
Median
$99,234
75th percentile
$200k
90th percentile
$337k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 772 organizations across 772 filings (2022 – 2024).

See full Community Improvement & Capacity Building pay data for New York
FAQ

Common questions about DOWNSTATE TECHNOLOGY CENTER INC

What are DOWNSTATE TECHNOLOGY CENTER INC's revenue and expenses?

In 2023, DOWNSTATE TECHNOLOGY CENTER INC reported $3.1M in total revenue and $2.5M in total expenses on its IRS Form 990.

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