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research dossier

FORT SCHUYLER MANAGEMENT CORPORATION

ALBANY, NY · EIN 271459023 · Form 990 · FY2024 · NTEE B194 · Education · Large ($10M-$50M) · ftsmc.org
revenue
$19.8M
expenses
$4.3M
net assets
$45.7M
employees
0
volunteers
10
program ratio
78%
mission · from form 990

FORT SCHUYLER MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, ECONOMIC DEVELOPMENT, AND CHARITABLE PURPOSES. IT ACHIEVES THIS OBJECTIVE BY FACILITATING RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES RELATED TO THE RESEARCH AND EDUCATION MISSION OF SUNY BY PURCHASING, CONSTRUCTING, DEVELOPING AND MANAGING FACILITIES AND PROMOTING RESEARCH THEREIN WHICH SUPPORT THE ECONOMIC DEVELOPMENT, RESEARCH ACTIVITIES AND THE MISSION OF THE SUNY POLYTECHNIC INSTITUTE.

profile · synthesized from sources

Fort Schuyler Management Corporation (FSMC) is a nonprofit organization established in 2009 to advance high-tech research, development, and commercialization in New York. It supports the state’s knowledge-driven economy by acquiring, constructing, and managing advanced technology facilities. FSMC fosters economic development through public-private partnerships in nanotechnology, semiconductors, and clean energy.

named programs · 5 · from sources

What they call their work

Computer Chip Commercialization Center (Quad-C)
Manages a 253,000 sq. ft. facility in Utica with 56,000 sq. ft. of cleanroom space, occupied by Semikron-Danfoss for the production of IGBT and SiC power modules used in e-mobility, renewable energy, and industrial applications.
Conventus Building Research Site
Manages a 43,000 sq. ft. research facility in Buffalo’s Medical Campus for Curia, providing drug discovery services including assay development, medicinal chemistry, and DMPK to NIH and biotech organizations.
High-Tech Manufacturing Innovation Hub at RiverBend
Operates a 1.2 million sq. ft. clean energy manufacturing facility in Buffalo, NY, housing Tesla’s Gigafactory New York, which produces electric vehicle charging equipment and power electronics for global deployment.
ImmunityBio, Inc. (Dunkirk)
Supports the development of a 409,000 sq. ft. biotech production facility for ImmunityBio to expand U.S.-based manufacturing capacity for biopharmaceuticals and vaccine platforms.
Norsk Titanium, US Inc. (Plattsburgh)
Develops a manufacturing hub for Norsk Titanium to produce titanium aircraft components using Rapid Plasma Deposition® technology, supporting aerospace and industrial markets with sustainable 3D printing.
activities · 6 groups

What they do

  • Research Facility Management 3 activities
    • Develops and manages research and commercialization facilities
      Acquires, constructs, develops, and manages state-of-the-art facilities to support high-tech research, development, and commercialization, including public-private partnerships and economic development initiatives in New York. This includes facilities for SUNY Polytechnic Institute and advanced manufacturing.
    • Operates the Computer Chip Commercialization Center (Quad-C)
      Developed and operates the 253,000 sq. ft. Computer Chip Commercialization Center (Quad-C), featuring 56,000 sq. ft. of Class 100 and Class 1000 cleanroom space for semiconductor research and manufacturing.
    • Supports drug discovery research in Buffalo
      Operates a 43,000 sq. ft. drug discovery research facility in the Buffalo Niagara Medical Campus, housing approximately 100 scientists and providing services to NIH, biotech firms, and other organizations.
  • Affordable Housing Development and Management 1 activity
    • Manages tenant operations at Fort Schuyler complex
      Manages the operations of the Fort Schuyler complex, including maintenance, security, and coordination of tenant organizations, with 22 tenants leased as of June 2024.
  • Facility-Based Service Delivery 1 activity
    • Operates RiverBend clean energy manufacturing facility
      Manages and operates RiverBend, a 1.2 million square foot facility in Buffalo, NY, dedicated to clean energy and advanced manufacturing.
  • Annual Financial and Activity Reporting 1 activity
    • Prepares and publishes audited financial statements
      Prepares and publishes audited financial statements annually as part of NY CREATES, with records available from 2013 through 2025.
  • Transparent Governance Meetings 1 activity
    • Provides public access to NY CREATES governance records
      Streams and archives NY CREATES Board of Directors meetings online and makes agendas and minutes publicly available to promote transparency.
  • Uncategorized 2 activities
    • Develops and operates advanced manufacturing facilities in Plattsburgh, NY
      Developed and completed an 80,000 sq. ft. production center in Plattsburgh, NY, and made 70,000 sq. ft. of production space available at the Plattsburgh Development & Qualification Center, supporting Norsk Titanium’s manufacturing of titanium aircraft components.
    • Supports workforce development in Western New York
      Employs approximately 2,000 residents of Western New York in clean energy, advanced manufacturing, and technology careers through its operational facilities.
financials · form 990 · fy2024
revenue
Total revenue$19.84M
Contributions & grants$2.36M12%
Program service revenue$00%
Investment income$18.14M91%
Other revenue$-667K
expenses
Total expenses$4.26M
Program expenses78%
Admin / overhead22%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$112.38M
Cash$22.82M
Investments$0
Liabilities$66.70M
Net assets$45.68M
Liquid reserves64.3 mo
5 years on record · 2020–2024 · YoY revenue +1320.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 9
NameTitleHours/wkCompensation
PATRICIA ARCIERO-CRAIG PAST CAO,ACT GEN COUNSEL 0 $480K
DAVID ANDERSON PRESIDENT 9 $478K
TIMOTHY TAYLOR VP CORPORATE FINANCE & CFO 9 $376K
PAUL KELLY VP STRATEGY, PSHIPS & NV, & COO 3 $328K
WILLIAM BRONNER V.P. OF HUMAN RESOURCES 9 $289K
THOMAS ALFIERI ASSOCIATE VP , THRU 3/31/25 40 $285K
REBECCA BORDEN GENERAL COUNSEL 15 $244K
PATRICIA BUCKLIN SECRETARY 19 $207K
DOUGLAS GROSE CHAIR 1 $73K
board members · 9
  • DR ANDREA GOLDSMITH — DIRECTOR, AS OF 6/12/25
  • HEATHER HAGE — DIRECTOR
  • JASMINKA HUSIC — DIRECTOR, AS OF 6/12/25
  • JOAN MCDONALD — DIRECTOR
  • KRISTIN PROUD — DIRECTOR
  • MENG-LING HSIAO — DIRECTOR
  • MICHAEL ABBOTT — DIRECTOR
  • MICHAEL CADIGAN — DIRECTOR, AS OF 6/13/25
  • TERRENCE DALY — DIRECTOR, AS OF 4/7/25
relationships · 13

Who they work with

  • Curia Partner — Operates the integrated small molecule drug discovery center in the Conventus building on the Buffalo Niagara Medical Campus.
  • NY CREATES Government — Hosts and conducts board meetings for NY CREATES, a state-affiliated entity.
  • NY CREATES Government — RiverBend is the largest NY CREATES project in Buffalo.
  • NY CREATES Government — State entity that oversees and provides funding and governance for FSMC's operations at Fort Schuyler.
  • NY CREATES Network — FSMC is an affiliated member of NY CREATES.
  • NY CREATES Network — Member organization producing audited financial statements as part of the NY CREATES initiative.
  • NY CREATES Partner — Collaborates with NY CREATES to leverage resources and expertise in advancing nanotechnology research and commercialization.
  • NYS Committee on Open Government Government — References guidance and framework from the NYS Committee on Open Government regarding Freedom of Information Law compliance.
  • National Institutes of Health Partner — Receives drug discovery services from Curia Buffalo.
  • Norsk Titanium, US Inc. Partner — Partnered to develop a manufacturing hub for titanium aircraft components in Plattsburgh, NY.
  • SUNY Polytechnic Institute Partner — Partner institution whose research and educational mission is supported through facility development and management.
  • Semikron-Danfoss Partner — Partner organization occupying the Quad-C facility for power module design and manufacturing.
  • Tesla Partner — Operates the RiverBend manufacturing facility as an affiliate of Silevo LLC.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Facilities-Driven Innovation and Commercialization
    methodology: facilities_driven_innovation
    By acquiring, constructing, and managing state-of-the-art research and manufacturing facilities, we stimulate high-tech innovation, attract private investment, and enable commercialization activities—because physical infrastructure acts as a catalyst for economic development and workforce training in emerging technology sectors.
  • Public-Private Partnership Model for Infrastructure and Economic Development
    methodology: public_private_partnership
    By combining public resources with private-sector management and governance practices, we increase operational efficiency and accountability in the development and rehabilitation of large-scale research and manufacturing facilities, thereby advancing regional economic development—because hybrid governance models leverage the strengths of both sectors.