New York Center for Research Economic Advancement Technology Engineeringand
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).
New York Center for Research Economic Advancement Technology Engineeringand at a glance
In short: New York Center for Research Economic Advancement Technology Engineeringand gave $454K across 2 grants in 2025 (avg $227K), mostly in New York. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $453,893
- +1985.2% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $226,947
- +942.6% vs 2024
- Median grant
- $226,947
- Total assets
- $185,329,930
- +277.5% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who New York Center for Research Economic Advancement Technology Engineeringand funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was NY Design Inc ($333K). Together the top 2 received $454K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 1 grant of 3 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $22K (2024) to $454K (2025). In 2025 it made 2 grants totaling $454K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NY Design Inc Troy, NY | General | $333,333 |
| Hudson Valley Community College Foundation Troy, NY | General | $120,560 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $185,329,930 | $144,806,088 | $240,710,262 | $453,893 | 2 | $399 |
| 2024 | $49,097,189 | $43,109,313 | $59,171,620 | $21,767 | 1 | — |
| 2023 | $7,538,258 | $17,502,814 | $11,442,867 | — | — | — |
| 2022 | $1,449,531 | $6,615,819 | $5,280,820 | — | — | — |
| 2021 | $99,965 | $4,450,000 | $4,350,035 | — | — | — |
About New York Center for Research Economic Advancement Technology Engineeringand
Based on IRS filings
New York Center for Research Economic Advancement Technology Engineeringand is a public charity focused on Science & Technology, based in Albany, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $185.3M in total assets. In 2025, it awarded 2 grants totaling $454K. Net investment income was $399.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
New York Center for Research Economic Advancement Technology Engineeringand is led by David Anderson, President on every filing since 2022; 10 of 20 officers listed in 2025 are compensated.
Officers on the 2025 filing
David Anderson
President
On filings since 2022
1 hr/week
$284K (2023) → $424K (2025)
Douglas Grose
Chair
President & Chairman → Chair, 2025
On filings since 2021
0.5 hrs/week
$263K (2021) → $73K (2025)
Joan McDonald
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Kristin Proud
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Meng-Ling Hsiao
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Michael Abbott
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Heather Hage
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Andrea Goldsmith
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Jasminka Husic
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Michael Cadigan
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Terrence Daly
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Patricia Arciero-Craig
Past CAO & Act General Counsel
CAO & Acting General Counsel → Past CAO & Act General Counsel, 2025
On filings since 2021
$244K (2021) → $456K (2025)
Patricia Bucklin
Secretary
On filings since 2021
1 hr/week
$159K (2021) → $188K (2025)
Paul Kelly
Vice President Strategy, Pships, Nv & COO
COO → Vice President Strategy, Pships, Nv & COO, 2024
On filings since 2021
1 hr/week
$177K (2021) → $283K (2025)
Timothy Taylor
Vice President Corporate Finance & CFO
CFO → Vice President Corporate Finance & CFO, 2024
On filings since 2021
1 hr/week
$198K (2021) → $247K (2025)
Christopher Borst
Vice President of Technology & Infrastructure
On filings since 2024
1 hr/week
$241K (2024) → $269K (2025)
Maurice Raghubar
Vice President of It & Chief Information Officer
On filings since 2024
1 hr/week
$154K (2024) → $241K (2025)
Rebecca Borden
General Counsel
Acting General Counsel → General Counsel, 2025
On filings since 2024
1 hr/week
$37K (2024) → $210K (2025)
William Bronner
Vice President of Human Resources
On filings since 2024
1 hr/week
$162K (2024) → $230K (2025)
Scott Bateman
Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (11)
- Former: Christine Chung (2021–2024) — Director
- Former: Doreen Harris (2021–2024) — Director
- Former: Kenneth Tompkins (2021–2024) — Director
- Former: Anita Brown (2022–2024) — Director
- Former: Doug Grose (2022–2024) — Chair
- Former: Brad Johnson (2021–2022) — Director
- Former: Deborah Reichler (2021–2022) — Director of Finance
- Former: Franklin Hecht (2021–2022) — Director
- Former: Jamie Cote (2021–2022) — Compliance Officer
- Former: Michael Frame (2021–2022) — Director
- Former: Bahgat Sammakia (2021) — Chairman
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $456K, to Patricia Arciero-Craig (Past CAO,ACT Gen Coun). 10 officers or directors reported compensation on that filing.
Frequently asked questions about New York Center for Research Economic Advancement Technology Engineeringand
How much does New York Center for Research Economic Advancement Technology Engineeringand give each year?
New York Center for Research Economic Advancement Technology Engineeringand gave $454K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $22K across 1 grant.
How large is New York Center for Research Economic Advancement Technology Engineeringand?
New York Center for Research Economic Advancement Technology Engineeringand reported $185.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $144.8M.
What is New York Center for Research Economic Advancement Technology Engineeringand?
New York Center for Research Economic Advancement Technology Engineeringand is a public charity focused on Science & Technology, based in Albany, NY. It holds $185.3M in total assets as of 2025.
Where does New York Center for Research Economic Advancement Technology Engineeringand operate?
New York Center for Research Economic Advancement Technology Engineeringand has awarded grants in New York.
What is New York Center for Research Economic Advancement Technology Engineeringand's EIN?
New York Center for Research Economic Advancement Technology Engineeringand's EIN (Employer Identification Number) is 84-4046818. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS April 25, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2021–2024
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