Hudson Valley Technology Development Center Inc is located in Newburgh, NY. The organization was established in 1988. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Valley Technology Development Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Hudson Valley Technology Development Center Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HVTDC AS A MANUFACTURING EXTENSION CENTER (MEP) ACCELERATES THE USAGE OF MANUFACTURING TECHNOLOGY BY CLIENT FIRMS BY PARTNERING WITH TECHNOLOGY PROVIDERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas G Phillips Sr Exec Dir | 40 | $152,363 | |
Robert J Incerto Dir Of Eng | 40 | $115,477 | |
Phyllis Levine Dir Of Admin | 40 | $91,089 | |
Alexis Wilson Tech Special | 40 | $67,588 | |
Christine Mikesell Office Mngr | 40 | $53,382 | |
Alexander Oliver It Admin | 40 | $51,724 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $1,012,263 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $243,527 |
Total Revenue | $1,255,790 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $243,452 |
Other employee salaries and wages | $437,752 |
Pension plans, employee benefits | $69,877 |
Interest | $5,255 |
Taxes | $0 |
Depreciation | $1,918 |
Occupancy | $67,199 |
Travel, conferences, and meetings | $3,837 |
Printing and publications | $0 |
Other expenses | $37,194 |
Total operating and administrative expenses | $1,069,520 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $1,069,520 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $564,334 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $30,284 |
Net Pledges Receivable | $0 |
Grants receivable | $203,853 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $13,350 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $7,658 |
Other assets | $5,000 |
Total assets | $824,479 |
Accounts payable and accrued expenses | $145,847 |
Grants payable | $0 |
Deferred revenue | $24,188 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $51,499 |
Other liabilities | $25,000 |
Total liabilities | $246,534 |
Over the last fiscal year, we have identified 1 grants that Hudson Valley Technology Development Center Inc has recieved totaling $17,118.
Awarding Organization | Amount |
---|---|
Fuzehub Inc Albany, NY PURPOSE: INNOVATION AWARD | $17,118 |
Organization Name | Assets | Revenue |
---|---|---|
Terc Inc Cambridge, MA | $20,874,819 | $13,653,170 |
Innovation Works Inc Pittsburgh, PA | $31,593,952 | $8,003,735 |
Catalyst Connection Pittsburgh, PA | $7,094,242 | $7,162,522 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Mpc Corporation Pittsburgh, PA | $1,237,035 | $2,979,911 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International Microelectronics And Packaging Society Pittsburgh, PA | $1,413,550 | $1,247,201 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |