New York Center for Research Economic logo

New York Center for Research Economic

ALBANY, NY EIN: 84-4046818 Website

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).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$49.1M

+551.3% YoY

Annual Giving

$22K

Grant Count

1

Avg Grant Size

$22K

About New York Center for Research Economic

Based on IRS filings

New York Center for Research Economic is a nonprofit organization focused on Science & Technology, based in ALBANY, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $49.1M in total assets. In 2024, it awarded 1 grants totaling $22K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Troy

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$16M$33M$49M$65M2021202220232024
Metric202420232022
Total Assets$49,097,189$7,538,258$1,449,531
Revenue$43,109,313$17,502,814$6,615,819
Expenses$59,171,620$11,442,867$5,280,820
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$11K$16K$22K0 grants20210 grants20220 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

HUDSON VALLEY COMMUNITY …$22K

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

DAVID ANDERSONPRESIDENT$413KPATRICIA ARCIERO-CRAIGCAO, ACTING GEN COUNS, THRU …$267KPAUL KELLYVP STRATEGY, PSHIPS & NV, & …$260KCHRISTOPHER BORSTVP OF TECHNOLOGY & INFRASTRU…$241KDOUG GROSECHAIR AS OF 5/1/24/PAST PRES.$234KTIMOTHY TAYLORVP CORPORATE FINANCE & CFO$215KPATRICIA BUCKLINSECRETARY$176KWILLIAM BRONNERVP OF HUMAN RESOURCES$162KMAURICE RAGHUBARVP OF IT & CHIEF INFORMATION…$154KREBECCA BORDENACTING GEN COUNS, AS OF 4/19…$37K

From 2024 filing

NameTitleHoursCompensation
ANITA BROWNDIRECTOR, THRU 12/19/230.5
CHRISTINE CHUNGDIRECTOR, THRU 2/9/240.5
DOREEN HARRISDIRECTOR, THRU 4/19/240.5
DOUG GROSECHAIR AS OF 5/1/24/PAST PRES.0.5$234,232
HEATHER HAGEDIRECTOR0.5
JOAN MCDONALDDIRECTOR0.5
KENNETH TOMPKINSDIRECTOR, THRU 10/20/230.5
KRISTIN PROUDDIRECTOR0.5
MENG-LING HSIAODIRECTOR0.5
MICHAEL ABBOTTDIRECTOR0.5
DAVID ANDERSONPRESIDENT1$413,310
PATRICIA ARCIERO-CRAIGCAO, ACTING GEN COUNS, THRU 4/18/241$267,440
PATRICIA BUCKLINSECRETARY1$176,417
PAUL KELLYVP STRATEGY, PSHIPS & NV, & COO1$259,630
REBECCA BORDENACTING GEN COUNS, AS OF 4/19/241$36,686
SCOTT BATEMANTREASURER0.5
TIMOTHY TAYLORVP CORPORATE FINANCE & CFO1$215,144
CHRISTOPHER BORSTVP OF TECHNOLOGY & INFRASTRUCTURE1$240,887
MAURICE RAGHUBARVP OF IT & CHIEF INFORMATION OFFICER1$153,676
WILLIAM BRONNERVP OF HUMAN RESOURCES1$162,304

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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