NEW YORK STATE TECHNOLOGY ENTERPRISE CORPORATION

EIN: 161521105 501(c)(3) Unknown

ROME, NY

Total Revenue
$114,896,743
Total Expenses
$109,661,476
Total Assets
$102,167,305
Net Assets
$77,948,240
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
KEVIN OWENS
Phone
3153385818
Tax Period
2024-10-01 to 2025-09-30

NEW YORK STATE TECHNOLOGY ENTERPRISE CORPORATION, founded in 1996, is a major nonprofit in the Unknown sector that reported $114.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $109.7M left a modest 5% surplus.

Mission

NYSTEC IS A NOT-FOR-PROFIT TECHNOLOGY CONSULTING COMPANY, ADVISING ORGANIZATIONS, AGENCIES, INSTITUTIONS, AND BUSINESSES. NYSTEC'S MISSION IS TO PROVIDE SUPERIOR CONSULTING SERVICES TO ASSIST STATE AND GOVERNMENT CLIENTS IN SUCCESSFULLY IDENTIFYING, DEFINING, ACQUIRING AND IMPLEMENTING TECHNOLOGY NEEDS. WE PROVIDE SERVICES THAT LEVERAGE THE KNOWLEDGE AND TECHNOLOGY BASE IN NEW YORK STATE TO DEFINE, DEVELOP AND ENHANCE HIGH-TECH INNOVATION, KNOWLEDGE, AND CAPABILITIES THROUGHOUT ALL LEVELS OF GOVERNMENT, BUIDING A BETTER NEW YORK STATE AND STRENGTHENING HER COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $112,905,450
Investment Income $1,987,293
Other Revenue $4,000
TOTAL REVENUE $114,896,743

Expense Breakdown

Grants Paid $699,520
Salaries & Benefits $62,136,707
Fundraising Expenses $0
Program Expenses $90,184,199
Other Expenses $46,825,249
TOTAL EXPENSES $109,661,476

Year-over-Year Comparison

2024 2023 Change
Revenue $114,896,743 $102,921,502 +0.1%
Expenses $109,661,476 $93,341,111 +0.2%
Net Income $5,235,267 $9,580,391 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
450
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$1,400,431
Total Directors
9
$292,728
Key Employees
4
$1,454,654
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM PIRILLO BOARD CHAIR 6.00
Director
$48,188 $0 $48,188
DONALD HANSON BOARD MEMBER 2.00
Director
$24,375 $0 $24,375
THOMAS TRISCARI BOARD MEMBER 5.00
Director
$36,337 $0 $36,337
LISA MARRELLO BOARD MEMBER 4.00
Director
$35,000 $0 $35,000
SCOTT MCCARTNEY BOARD MEMBER 5.00
Director
$43,679 $0 $43,679
HEATHER DUSSAULT BOARD MEMBER 2.00
Director
$27,540 $0 $27,540
SALEEM CHEEKS BOARD MEMBER 3.00
Director
$32,653 $0 $32,653
KIMBERLY BOYNTON BOARD MEMBER 2.00
Director
$23,208 $0 $23,208
MAUREEN O'BRIEN BOARD MEMBER 2.00
Director
$21,748 $0 $21,748
KEVIN OWENS CEO & PRESIDENT 40.00
Officer
$761,254 $63,242 $824,496
JASMINKA HUSIC CFO, DIRECTOR OF FINANCE AND BUSINESS INTELLIGENCE 40.00
Officer
$276,724 $41,770 $318,494
GLINNESA GAILLIARD GENERAL COUNSEL 40.00
Officer
$230,501 $26,940 $257,441
NICHOLAS ALGER DIRECTOR OF OPERATIONS 40.00
Key Emp
$377,574 $45,237 $422,811
MARK ROMANO DIRECTOR OF BUSINESS DEVELOPMENT & STRATEGIC RELAT 40.00
Key Emp
$306,930 $44,086 $351,016
CHARLES BARNES MANAGING DIRECTOR OF SERVICE DELIVERY 40.00
Key Emp
$325,220 $44,091 $369,311
SHANNON KELLEY DIRECTOR OF STRATEGY 40.00
Key Emp
$281,373 $30,143 $311,516
PATRICK CORREIA DIRECTOR OF SERVICE DELIVERY 40.00
Highest
$249,610 $38,152 $287,762
SARAH GOFF DIRECTOR OF SERVICE DELIVERY 40.00
Highest
$255,432 $34,758 $290,190
BRADLEY DUERR DIRECTOR OF SERVICE DELIVERY 40.00
Highest
$246,174 $37,789 $283,963
SUSAN KARAVOLAS DEPUTY CHIEF PEOPLE OFFICER 40.00
Highest
$233,084 $33,345 $266,429
ROBERT ZEGLEN PRACTICE LEADER 40.00
Highest
$234,164 $21,035 $255,199
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $114,896,743 $109,661,476 $102,167,305 $5,235,267
2024 $102,921,502 $93,341,111 $91,183,295 $9,580,391
2023 $92,728,304 $81,232,560 $79,526,557 $11,495,744
2023 $92,728,304 $81,232,560 $79,526,557 $11,495,744
2022 $75,235,119 $65,725,284 $60,981,617 $9,509,835
2021 $61,896,276 $54,259,041 $48,284,483 $7,637,235
2020 $60,509,430 $50,557,175 $42,464,550 $9,952,255
2019 $46,962,153 $43,253,615 $29,996,250 $3,708,538
2018 $39,094,450 $35,343,879 $23,800,632 $3,750,571
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