New York City Industrial Technology Assistance Corporation
To strengthen the economy and job base of New York city by improving the competitiveness of local industrial and technology firms.
New York City Industrial Technology Assistance Corporation at a glance
In short: New York City Industrial Technology Assistance Corporation gave $118K across 5 grants in 2025 (avg $24K), mostly in New York. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $117,690
- +50.8% vs 2024
- Grants made (2025)
- 5
- +66.7% vs 2024
- Average grant
- $23,538
- -9.5% vs 2024
- Median grant
- $14,450
- Total assets
- $2,333,257
- -3.4% 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 City Industrial Technology Assistance Corporation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was GAL Manufacturing Company LLC ($20K). Together the top 4 received $53K.
Organizations only. It also paid 1 grant to individuals ($65,000), which are not listed by name.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 27 grants of 28 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How New York City Industrial Technology Assistance Corporation gives
- Giving fell 39% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $40K (2021) to $193K (2022). In 2025 it made 5 grants totaling $118K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $65,000 |
| GAL Manufacturing Company LLC New York, NY | Manufacturing Grant | $20,000 |
| Tempco Glass Fabrication LLC Flushing, NY | Manufacturing Grant | $14,450 |
| Yula Corp Bronx, NY | Manufacturing Grant | $10,000 |
| Arbour Group LLC New York, NY | Advanced Materials Grant | $8,240 |
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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 | $2,333,257 | $1,986,158 | $2,012,397 | $117,690 | 5 | $65,369 |
| 2024 | $2,414,290 | $1,837,583 | $1,963,466 | $78,032 | 3 | $53,530 |
| 2023 | $2,398,869 | $2,316,835 | $2,637,238 | — | — | $17,302 |
| 2022 | $2,890,075 | $3,091,612 | $2,939,764 | $193,000 | 16 | $501 |
| 2021 | $2,686,892 | $3,450,651 | $2,948,341 | $40,000 | 4 | $467,748 |
| 2020 | $2,629,313 | $2,687,240 | $2,759,058 | — | — | $84,196 |
About New York City Industrial Technology Assistance Corporation
Based on IRS filings
New York City Industrial Technology Assistance Corporation is a public charity, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 5 grants totaling $118K. Net investment income was $65K.
Leadership & Key People
Officers and directors from IRS filings
New York City Industrial Technology Assistance Corporation is led by Kinda Younes, Executive Director on every filing since 2020; 3 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kinda Younes
Executive Director
On filings since 2020
40 hrs/week
$177K (2020) → $217K (2025)
Timothy G. Noble
Chairperson - Director
Chairperson → Chairperson - Director, 2022
On filings since 2020
2 hrs/week
No compensation reported
Mary McKay
Director of Advanced Manufact.
On filings since 2020
40 hrs/week
$156K (2020) → $166K (2025)
Albert Mangels
Director
Member Board of Directors → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Chris Viggiano
Treasurer - Director
Treasurer → Treasurer - Director, 2022
On filings since 2020
2 hrs/week
No compensation reported
Joe McDermott
Director
Member Board of Directors → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
John A Blaho PhD
Director
Member Board of Directors → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Mal Schuster
Director
Secretary → Secretary - Director, 2022
Secretary - Director → Director, 2025
On filings since 2020
1 hr/week
No compensation reported
Paul Storch
Director
Member Board of Directors → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Steven Masur Esq.
Director
Member Board of Directors → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Brian T Coleman
Director
Member Board of Director → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Manuel Miranda
Director
Member Board of Directors → Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Paul McQuade
Secretary-Dir. of Operations
Director of Operations → Secretary-Dir. of Operations, 2025
On filings since 2020
40 hrs/week
$115K (2020) → $173K (2025)
Former officers (10)
- Former: Ugo Scalia (2023–2024) — Director of Client Services
- Former: Oliver Lednicer (2020–2023) — Director
- Former: Rony Vardi (2021–2023) — Director
- Former: Stacey Weismiller (2023) — Director of Client Services
- Former: David Hochman (2020–2022) — Director
- Former: Peter Janover (2020–2022) — Vice President of Sales
- Former: Rajeev Sharma (2020–2022) — Director of Client Services
- Former: Debera Johnson (2021) — Member Board of Directors
- Former: Joel Maul (2020) — Rapid Program Manager
- Former: Paula Rimer (2020) — Member Board of Directors
Data from IRS Form 990 filings, 2020–2025. "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 $217K, to Kinda Younes (Executive Director). 3 officers or directors reported compensation on that filing.
Frequently asked questions about New York City Industrial Technology Assistance Corporation
How much does New York City Industrial Technology Assistance Corporation give each year?
New York City Industrial Technology Assistance Corporation gave $118K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $78K across 3 grants.
What is New York City Industrial Technology Assistance Corporation's typical grant size?
New York City Industrial Technology Assistance Corporation's median grant in 2025 was $14,450, and its average grant was $23,538, across 5 grants on its 2025 IRS Form 990.
Where does New York City Industrial Technology Assistance Corporation give grants?
New York City Industrial Technology Assistance Corporation gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were New York, NY (2 grants).
Does New York City Industrial Technology Assistance Corporation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on New York City Industrial Technology Assistance Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Manufacturing Grant" (3 grants).
Who are New York City Industrial Technology Assistance Corporation's largest grantees?
New York City Industrial Technology Assistance Corporation's largest 2025 grantees include GAL Manufacturing Company LLC ($20,000), Tempco Glass Fabrication LLC ($14,450) and Yula Corp ($10,000), according to its 2025 IRS Form 990. It also paid 1 grant to individuals ($65,000), which are not listed by name. Together they received 38% of its itemized 2025 grant dollars.
How large is New York City Industrial Technology Assistance Corporation?
New York City Industrial Technology Assistance Corporation reported $2.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.0M.
What is New York City Industrial Technology Assistance Corporation's EIN?
New York City Industrial Technology Assistance Corporation's EIN (Employer Identification Number) is 13-3410779. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS March 8, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 28, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 31, 2026)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 16, 2022)
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