Nydesign INC FY2022 filing

Tax-deductible

Troy, NY501(c)(3)Since 2021EmploymentEIN 87-1183988Revenue $625K in FY2022

On file with the IRSnydesign.org333 Broadway Ste 380, 12180-3559 · Troy, NYTax-exempt since Sep 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Nydesign seeks to democratize access across new york to the skills and tools necessary for creators to design, fabricate and verify their own integrated circuits, beginning with university students as a proof-of-concept. Additionally, Nydesign will organize, attract, attract and grow a ic design regional cluster headquartered in troy NY.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $10K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $333K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$625K
Spent
$159K
To programs
58%
Net assets
$466K
By yearFY2022–FY2025
Revenue
$625K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$625K
FY2023$2K
FY2024$3K
FY2025$400K
Expenses
$159K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$159K
FY2023$350K
FY2024$221K
FY2025$339K
Net assets
$466K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$466K
FY2023$225K
FY2024$6K
FY2025$67K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $92K Management & general 100% · $159K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Nydesign INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers creators with skills and tools to design and build integrated circuits.

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Provided by the organization

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2 programs · $92K · in their own filed words · FY2021
01

Nydesign hosts hands-on workshops to guide students through the process of creating and submitting a ic design project using the efabless chipignite platform. These workshops are open to select new york state academic institutions and invited industry partners.

$92Kprogram expense
02

Nydesign hosts hands-on workshops to guide students through the process of creating and submitting a ic design project using the efabless chipignite platform. These workshops are open to select new york state academic institutions and invited industry partners.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$333K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$625K
Ln 12
Gifts and grantsLn 1h$625K
Money outPt IX
$159K
Ln 25
Programscol B$92K
Managementcol C$159K
Owns and owesPt X
$466K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$466K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Government grantsLn 1e$300K
Total revenueLn 12$625K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$466K
LiabilitiesLn 26$0
Net assetsLn 32$466K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $400K$339K$61K$67K 990 PDF
FY2024 $3K$221K−$218K$6K 990 PDF
FY2023 $2K$350K−$348K$225K 990 PDF
FY2022 Viewing $625K$159K$466K$466K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (1 part)
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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