Hudson Valley Technology Development Center INC

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501(c)(3) charity; gifts are tax-deductible.
$389K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: 990-PF Part VIII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $73K a year · 5% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$389K
to officers and key staff · 31% of spending
Pay to officers and key staff is 31% of spending.
990-PF Part VIII
3.8 mo
of spending, in cash
3.8 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Named funders
1
named funder · $40K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$177K
26% of total assets
Liabilities are 26% of assets.
990-PF Pt II · Ln 23
Revenue
$1.2M
-16% vs prior year
Spent
$1.3M
Net assets
$508K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$1.3M
FY2023$1.2M
FY2024$1.4M
FY2025$1.2M
Expenses
$1.3M
FY2025▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$1.1M
FY2023$1.2M
FY2024$1.5M
FY2025$1.3M
Net assets
$508K
FY2025▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$17K
FY2021$392K
FY2022$578K
FY2023$667K
FY2024$592K
FY2025$508K

From the FY2025 Form 990 (year ending September 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Operating & administrative 100% · $1.3M

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990-PF; $389K paid to officers and key staff (990-PF Part VIII).

990-PF Part VIII · reportable compensation
Executive Di
$164,257990-PF Pt VIII
Director of
$121,386990-PF Pt VIII
$103,352990-PF Pt VIII
$0990-PF Pt VIII
$0990-PF Pt VIII
Director/Cha
$0990-PF Pt VIII
Director
$0990-PF Pt VIII
$0990-PF Pt VIII

Compensation history total reportable pay by year · 6 named individuals · 990-PF Part VIII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Carter$164,257$136,841$9,615———
Thomas G Phillips SR——$131,000$152,363$146,720$146,720
Robert Incerto$121,386—————
Philomena Levine$103,352$106,887————
Thomas Phillips SR—$97,706————
Phyllis Levine——$84,972$91,089$85,356$88,747

Total reportable compensation (Form 990-PF Part VIII column (c) / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hudson Valley Technology Development Center INC executive salaries →

Programs and updates

A private foundation based in Newburgh, NY.

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By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$1.2M
Gifts and grants$922K
Other income$256K
Investment income$5K
Money out
$1.3M
Running costs$1.3M
Owns and owes
$508K
net assets
Cash and savings$406K
Total assets$685K
Liabilities$177K
People
11
listed
Paid3
2In more detail
Revenue in detail
Gifts and grants$922K
Investment income$5K
Other income$256K
Total revenue$1.2M
Assets in detailEnd of year
Cash and savings together$406K
Total assets$685K
Liabilities$177K
Net assets$508K
Operations
Fiscal year endsSeptember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 17, 2026 $1.2M$1.3M−$84K$508K 990 PDF
FY2024Filed with the IRS Mar 3, 2025 $1.4M$1.5M−$76K$592K 990 PDF
FY2023Filed with the IRS Feb 13, 2024 $1.2M$1.2M$89K$667K 990 PDF
FY2022Filed with the IRS Mar 1, 2023 $1.3M$1.1M$186K$578K 990 PDF
FY2021Filed with the IRS Mar 14, 2022 $2.0M$1.6M$374K$392K 990 PDF
FY2020Filed with the IRS Feb 11, 2021 $1.3M$1.4M−$51K$17K 990 PDF

Schedules filed Part IV

G · Fundraising L · Interested persons R · Related orgs

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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