New York State Technology Enterprise Corporation
82% goes to programs Strong reserves Growing revenue
New York State Technology Enterprise Corporation is a 501(c)(3) organization based in Rome, New York, registered in 1997, with $114,896,743 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
99 Otis St 2nd Floor, Rome, NY, 13441 EIN 16-1521105 Since 1997
Revenue (FY2024)
$114.9M
▲ 11.6% vs prior year
Unknown median: $232K
Expenses (FY2024)
$109.7M
Net assets
$77.9M
Employees
450
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New York State Technology Enterprise Corporation: 82% to programs earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New York State Technology Enterprise Corporation: 9 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New York State Technology Enterprise Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New York State Technology Enterprise Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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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.
Contact & location
- Address
- 99 Otis St 2nd Floor, Rome, NY, 13441
- City
- Rome
- State
- New York
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $13.1M (FY2013) to $114.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24.2MNet assets $77.9M
Operating margin
4.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$102.2M
Total liabilities
$24.2M
Net assets
$77.9M
Salaries & benefits
$62.1M
57% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,896,743▲11.6% | $109,661,476▲17.5% | $77,948,240▲9.5% | $102,167,305▲12.0% | 990 |
| 2023 | $102,921,502▲11.0% | $93,341,111▲14.9% | $71,191,025▲17.9% | $91,183,295▲14.7% | 990 |
| 2022 | $92,728,304▲23.3% | $81,232,560▲23.6% | $60,363,673▲25.3% | $79,526,557▲30.4% | 990 |
| 2021 | $75,235,119▲21.6% | $65,725,284▲21.1% | $48,166,842▲23.6% | $60,981,617▲26.3% | 990 |
| 2020 | $61,896,276▲2.3% | $54,259,041▲7.3% | $38,974,777▲24.3% | $48,284,483▲13.7% | 990 |
| 2019 | $60,509,430▲28.8% | $50,557,175▲16.9% | $31,356,205▲48.2% | $42,464,550▲41.6% | 990 |
| 2018 | $46,962,153▲20.1% | $43,253,615▲22.4% | $21,163,058▲20.8% | $29,996,250▲26.0% | 990 |
| 2017 | $39,094,450▲13.4% | $35,343,879▲13.7% | $17,514,729▲27.3% | $23,800,632▲25.0% | 990 |
| 2016 | $34,472,930▲42.9% | $31,077,103▲44.6% | $13,757,115▲33.0% | $19,037,269▲35.1% | 990 |
| 2015 | $24,116,880▲24.9% | $21,489,833▲19.2% | $10,341,958▲34.6% | $14,090,230▲33.8% | 990 |
| 2014 | $19,305,025▲47.4% | $18,020,958▲46.0% | $7,684,586▲28.0% | $10,528,313▲23.2% | 990 |
| 2013 | $13,095,124 | $12,339,450▲24.3% | $6,003,806▲14.8% | $8,547,958▲18.9% | 990 |
| 2012 | — | $9,925,322▲11.0% | $5,227,700▼0.2% | $7,188,431▲8.5% | 990 |
| 2011 | — | $8,944,543▲11.2% | $5,235,596▲10.2% | $6,623,368▲5.1% | 990 |
| 2010 | — | $8,044,444▲6.7% | $4,749,109▲9.5% | $6,300,739▲19.3% | 990 |
| 2009 | — | $7,541,366 | $4,338,930 | $5,282,735 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kevin Owens — $761,254 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kevin Owens | Ceo & President | 40 | $761,254 |
| Nicholas Alger | Director of Operations | 40 | $377,574 |
| Charles Barnes | Managing Director of Service Delivery | 40 | $325,220 |
| Mark Romano | Director of Business Development & Strategic Relat | 40 | $306,930 |
| Shannon Kelley | Director of Strategy | 40 | $281,373 |
| Jasminka Husic | Cfo, Director of Finance and Business Intelligence | 40 | $276,724 |
| Sarah Goff | Director of Service Delivery | 40 | $255,432 |
| Patrick Correia | Director of Service Delivery | 40 | $249,610 |
| Bradley Duerr | Director of Service Delivery | 40 | $246,174 |
| Robert Zeglen | Practice Leader | 40 | $234,164 |
| Susan Karavolas | Deputy Chief People Officer | 40 | $233,084 |
| Glinnesa Gailliard | General Counsel | 40 | $230,501 |
| William Pirillo | Board Chair | 6 | $48,188 |
| Scott Mccartney | Board Member | 5 | $43,679 |
| Thomas Triscari | Board Member | 5 | $36,337 |
| Lisa Marrello | Board Member | 4 | $35,000 |
| Saleem Cheeks | Board Member | 3 | $32,653 |
| Heather Dussault | Board Member | 2 | $27,540 |
| Donald Hanson | Board Member | 2 | $24,375 |
| Kimberly Boynton | Board Member | 2 | $23,208 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cloud and Things | Technology Consulting | $4,630,193 |
| Genesys Consulting Services | Technology Consulting | $3,644,496 |
| Speridian Technologies LLC | Technology Consulting | $2,695,329 |
| Total Quality Associates Inc | Technology Consulting | $2,424,199 |
| Themesoft Inc | Technology Consulting | $2,277,163 |
Grants received · $25K total
1 grant to New York State Technology Enterprise Corporation totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $25,000 |
Grants made · $614K in FY2024
14 grants totaling $614K in FY2024. All grants made by New York State Technology Enterprise Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| State University of New York Polytechnic Institute Foundation I | $25k funding for endowed nystec scholarship plus $15k stem programming funding; $150k new business center of excellence | $190,000 |
| Rome Hospital Foundation Inc | Donation for new surgical center ($100k) and general program support ($3,500) | $103,500 |
| Young Mens Christian Assoc & Womans Community Center of Rome New York | Capital campaign - rome center renovations | $100,000 |
| Project Fibonacci Foundation Inc | Steam youth leadership conferences and general program support | $54,056 |
| Griffiss Institute Inc | $27k for transportation costs for two summer internship programs, the rest is general program support | $30,000 |
| Le Moyne College | Erie21 program support | $25,000 |
| To Life Inc | General program support | $25,000 |
| Office of General Services | Community event sponsorships | $25,000 |
| American Cancer Society Inc | Relay for life (general program support) | $18,295 |
| Economic Development Growth Enterprises Corporation | General program support | $15,000 |
| Americas Vetdogs the Veterans K9 Corps Inc | General program support | $10,500 |
| Genesis Group Vision To Reality Inc | General program support | $6,500 |
| Jana's Way | To support jana behe memorial scholarship, little falls middle school, and utica city youth bureau | $5,860 |
| Homeless and Travelers Aid Society | General prrogram support | $5,625 |
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Frequently asked questions
- Is New York State Technology Enterprise Corporation a legitimate nonprofit?
- Yes. New York State Technology Enterprise Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 16-1521105, based in Rome, New York. Donations are tax-deductible.
- What is New York State Technology Enterprise Corporation's EIN?
- New York State Technology Enterprise Corporation's Employer Identification Number (EIN) is 16-1521105.
- How much revenue does New York State Technology Enterprise Corporation report?
- New York State Technology Enterprise Corporation reported $114,896,743 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of New York State Technology Enterprise Corporation's spending goes to programs?
- New York State Technology Enterprise Corporation spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New York State Technology Enterprise Corporation have?
- CharityIndex grades New York State Technology Enterprise Corporation A, based on program efficiency and fundraising cost.
- How much does New York State Technology Enterprise Corporation's highest-paid employee make?
- The highest reported compensation on New York State Technology Enterprise Corporation's latest Form 990 is $761,254, paid to Kevin Owens (Ceo & President).
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Data for New York State Technology Enterprise Corporation (EIN 16-1521105) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.