New York State Technology Enterprise Corporation
New York State Technology Enterprise Corporation shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 161521105 · Rome, NY · NTEE: Z99 · Updated: 2026-03-28
Is New York State Technology Enterprise Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York State Technology Enterprise Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York State Technology Enterprise Corporation
New York State Technology Enterprise Corporation (EIN: 161521105) is a nonprofit organization based in Rome, NY, classified under NTEE code Z99. The organization reported total revenue of $122.5M and total assets of $102.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York State Technology Enterprise Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York State Technology Enterprise Corporation is a major nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92.7M |
| Total Expenses | $81.2M |
| Surplus / Deficit | +$11.5M |
| Total Assets | $79.5M |
| Total Liabilities | $19.2M |
| Net Assets | $60.4M |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 24.1% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, New York State Technology Enterprise Corporation reported a surplus of $11.5M with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 24.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York State Technology Enterprise Corporation's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.3% | +23.6% | +30.4% |
| 2022 | +21.6% | +21.1% | +26.3% |
| 2021 | +2.3% | +7.3% | +13.7% |
| 2020 | +28.8% | +16.9% | +41.6% |
| 2019 | +20.1% | +22.4% | +26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York State Technology Enterprise Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, New York State Technology Enterprise Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation on its IRS 990 filings, which is highly unusual for an organization of its size and revenue, suggesting either a volunteer leadership model or compensation structured in a way not reported as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York State Technology Enterprise Corporation's IRS 990 filings:
- NTEE code Z99 ('Unknown') provides no clear classification of mission.
- Consistent 0% officer compensation reported on 990s for a large organization, which is unusual and may obscure actual leadership compensation structures.
Strengths
The following positive indicators were identified for New York State Technology Enterprise Corporation:
- Exceptional revenue growth, from $13M in 2014 to $92M in 2023.
- Strong financial health with consistent asset accumulation (e.g., $102M in latest assets).
- Healthy operating margins, with expenses consistently lower than revenue.
- Low liability-to-asset ratio, indicating strong financial stability (e.g., $19M liabilities vs. $79M assets in 2023).
Frequently Asked Questions about New York State Technology Enterprise Corporation
Is New York State Technology Enterprise Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Technology Enterprise Corporation (EIN: 161521105) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New York State Technology Enterprise Corporation spend its money?
New York State Technology Enterprise Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York State Technology Enterprise Corporation tax-deductible?
New York State Technology Enterprise Corporation is registered as a tax-exempt nonprofit (EIN: 161521105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is NYSTEC a good charity?
Based on its financial health, consistent growth, and strong asset accumulation, NYSTEC appears to be a well-managed and financially stable organization. Its consistent reporting of zero officer compensation is a unique characteristic that could be viewed positively for efficiency, though it warrants further understanding of its leadership compensation model.
How does NYSTEC manage to have 0% officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently within the financial statements (e.g., as general salaries or contractor fees) and not specifically as 'officer compensation' as defined by the IRS for Part VII of Form 990.
What is the primary purpose of NYSTEC given its NTEE code Z99?
The NTEE code Z99 indicates 'Unknown' or 'Not Applicable,' which means the specific programmatic focus or mission of NYSTEC is not clearly defined by its NTEE classification. Further investigation into their public mission statements or annual reports would be necessary to understand their core activities.
Is NYSTEC's rapid revenue growth sustainable?
NYSTEC has demonstrated remarkable revenue growth, from $13 million in 2014 to $92 million in 2023. While impressive, sustained rapid growth at this pace can present operational challenges. However, the consistent increase in assets and controlled liabilities suggest effective management of this expansion to date.
Filing History
IRS 990 filing history for New York State Technology Enterprise Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York State Technology Enterprise Corporation's revenue has grown by 995.8%, moving from $8.5M to $92.7M. Total assets increased by 1162.2% over the same period, from $6.3M to $79.5M. Total functional expenses rose by 909.8%, from $8.0M to $81.2M. In its most recent filing year (2023), New York State Technology Enterprise Corporation reported a surplus of $11.5M, with revenue exceeding expenses. The organization holds $19.2M in liabilities against $79.5M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $60.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92.7M | $81.2M | $79.5M | $19.2M | — | View 990 |
| 2022 | $75.2M | $65.7M | $61.0M | $12.8M | — | View 990 |
| 2021 | $61.9M | $54.3M | $48.3M | $9.3M | — | View 990 |
| 2020 | $60.5M | $50.6M | $42.5M | $11.1M | — | View 990 |
| 2019 | $47.0M | $43.3M | $30.0M | $8.8M | — | View 990 |
| 2018 | $39.1M | $35.3M | $23.8M | $6.3M | — | View 990 |
| 2017 | $34.5M | $31.1M | $19.0M | $5.3M | — | View 990 |
| 2016 | $24.1M | $21.5M | $14.1M | $3.7M | — | View 990 |
| 2015 | $19.3M | $18.0M | $10.5M | $2.8M | — | View 990 |
| 2014 | $13.1M | $12.3M | $8.5M | $2.5M | — | View 990 |
| 2013 | $9.9M | $9.9M | $7.2M | $2.0M | — | View 990 |
| 2012 | $9.4M | $8.9M | $6.6M | $1.4M | — | View 990 |
| 2011 | $8.5M | $8.0M | $6.3M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92.7M, expenses of $81.2M, and assets of $79.5M (revenue +23.3% year-over-year).
- 2022: Revenue of $75.2M, expenses of $65.7M, and assets of $61.0M (revenue +21.6% year-over-year).
- 2021: Revenue of $61.9M, expenses of $54.3M, and assets of $48.3M (revenue +2.3% year-over-year).
- 2020: Revenue of $60.5M, expenses of $50.6M, and assets of $42.5M (revenue +28.8% year-over-year).
- 2019: Revenue of $47.0M, expenses of $43.3M, and assets of $30.0M (revenue +20.1% year-over-year).
- 2018: Revenue of $39.1M, expenses of $35.3M, and assets of $23.8M (revenue +13.4% year-over-year).
- 2017: Revenue of $34.5M, expenses of $31.1M, and assets of $19.0M (revenue +42.9% year-over-year).
- 2016: Revenue of $24.1M, expenses of $21.5M, and assets of $14.1M (revenue +24.9% year-over-year).
- 2015: Revenue of $19.3M, expenses of $18.0M, and assets of $10.5M (revenue +47.4% year-over-year).
- 2014: Revenue of $13.1M, expenses of $12.3M, and assets of $8.5M (revenue +32.0% year-over-year).
- 2013: Revenue of $9.9M, expenses of $9.9M, and assets of $7.2M (revenue +5.9% year-over-year).
- 2012: Revenue of $9.4M, expenses of $8.9M, and assets of $6.6M (revenue +10.8% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.0M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York State Technology Enterprise Corporation:
Data Sources and Methodology
This transparency report for New York State Technology Enterprise Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.