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research dossier

FULLER ROAD MANAGEMENT CORPORATION

ALBANY, NY · EIN 141772760 · Form 990 · FY2024 · Very Large (>$50M) · frmc.us
revenue
$234.6M
expenses
$10.8M
net assets
$496.6M
employees
0
volunteers
10
program ratio
100%
mission · from form 990

FULLER ROAD MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSE OF HOLDING TITLE TO PROPERTY AND COLLECTING INCOME THEREFROM. ITS MISSION IS TO PURCHASE, ACQUIRE, OWN, HOLD, IMPROVE AND DEVELOP LANDS, BUILDINGS AND OTHER REAL PROPERTY IMPROVEMENTS THAT PROVIDE FACILITIES THAT PROMOTE RESEARCH, EDUCATION AND ECONOMIC DEVELOPMENT.

profile · synthesized from sources

Fuller Road Management Corporation (FRMC) is a 501(c)(25) nonprofit that owns, operates, and leases high-tech research and development facilities to advance nanotechnology innovation and economic development in New York State. It supports NY CREATES by providing infrastructure for corporate partners like IBM and GlobalFoundries, fostering technology transfer, and enhancing research and educational opportunities. The organization manages the Albany NanoTech Complex, a 1.65 million square-foot campus housing over $20 billion in high-tech investments.

named programs · 6 · from sources

What they call their work

Albany NanoTech Complex
1.65 million square-foot integrated research, development, prototyping, and educational facility supporting nanotechnology innovation and housing approximately 3,000 R&D jobs
Center for Environmental Sciences and Technology Management (CESTM)
70,000-square-foot facility with 4,000 square feet of cleanroom space and metrology labs, completed in 1997
NanoFab East and Central
Combined 350,000-square-foot facilities including laboratories, classrooms, and 15,000 square feet of Class 1 capable cleanroom space
NanoFab North and South
Facilities completed in 2005 and 2004 respectively, providing over 67,000 square feet of cleanroom space and supporting 300mm wafer production
NanoFab Xtension
$375M, 500,000-square-foot facility with 50,000 square feet of 300mm wafer cleanrooms for advanced semiconductor R&D
Zero Energy Nanotechnology (ZEN) Building
$191M, 356,000-square-foot facility serving as a living laboratory for clean and renewable energy technologies
activities · 3 groups

What they do

  • Research Facility Management 3 activities
    • Develops and operates high-tech research and nanotechnology facilities
      Plans, designs, constructs, owns, operates, and leases advanced facilities supporting technologically innovative businesses, scientific research, and nanotechnology development, including cleanrooms and prototyping infrastructure. Manages a 1.65 million square-foot facility hosting over $20 billion in high-tech investments and supporting approximately 3,000 R&D jobs.
    • Operates specialized nanofabrication and research buildings
      Operates multiple dedicated facilities including the Zero Energy Nanotechnology (ZEN) building, NanoFab Xtension, NanoFab East and Central, NanoFab North, NanoFab South, and the Center for Environmental Sciences and Technology Management (CESTM), totaling over 1.65 million square feet with extensive cleanroom and laboratory space for 300mm wafer production, renewable energy research, and academic programs.
    • Owns and manages real property for research and economic development
      Owns, manages, and develops real property to provide facilities that support research, education, and economic development, including infrastructure for nanotechnology and clean energy research.
  • Regional Economic Development Initiatives 2 activities
    • Facilitates technology transfer and economic development through research commercialization
      Enhances research opportunities for faculty, students, and staff and promotes economic development in New York State by facilitating the transfer of technological resources to the marketplace.
    • Supports public and private funding acquisition for technological development
      Supports NY CREATES in attracting public and private funding for research and technological development, enhancing capacity for innovation and infrastructure growth.
  • Transparent Governance Meetings 1 activity
    • Provides public access to governance proceedings
      Streams NY CREATES Board of Directors meetings live, maintains an archive of past meetings, and makes agendas and minutes publicly available online to ensure transparency and public access.
financials · form 990 · fy2024
revenue
Total revenue$234.64M
Contributions & grants$700K0%
Program service revenue$00%
Investment income$1.43M1%
Other revenue$232.52M
expenses
Total expenses$10.80M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$814.50M
Cash$21.62M
Investments$0
Liabilities$317.86M
Net assets$496.64M
Liquid reserves24.0 mo
5 years on record · 2020–2024 · YoY revenue +412.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 10
NameTitleHours/wkCompensation
PATRICIA ARCIERO-CRAIG PAST CAO, ACT GEN COUNSEL 0 $480K
DAVID ANDERSON PRESIDENT 10 $478K
CHRISTOPHER BORST VP OF TECHNOLOGY & INFRASTRUCTURE 15 $409K
TIMOTHY TAYLOR VP CORPORATE FINANCE & CFO 15 $376K
PAUL KELLY VP STRATEGY, PSHIPS & NV, & COO 4 $328K
WILLIAM BRONNER VP OF HUMAN RESOURCES 15 $289K
MAURICE RAGHUBAR VP OF IT & CHIEF INFORMATION OFFICER 15 $253K
REBECCA BORDEN GENERAL COUNSEL 16 $244K
PATRICIA BUCKLIN SECRETARY 20 $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 · 10

Who they work with

  • Applied Materials Partner — Onsite corporate partner at the Albany NanoTech Complex
  • College of Nanoscale Science and Engineering Partner — Academic partner utilizing classrooms and offices at NanoFab South
  • GlobalFoundries Partner — Onsite corporate partner at the Albany NanoTech Complex
  • IBM Partner — Onsite corporate partner at the Albany NanoTech Complex
  • Lam Research Partner — Onsite corporate partner at the Albany NanoTech Complex
  • NY CREATES Partner — Co-sponsors board meetings hosted at the Albany NanoTech Complex.
  • NY CREATES Partner — Collaborates to advance the educational and research mission of NY CREATES by enhancing research opportunities and technology transfer.
  • NY CREATES Partner — FRMC supports NY CREATES by developing infrastructure and enhancing research and funding opportunities.
  • Samsung Partner — Onsite corporate partner at the Albany NanoTech Complex
  • Tokyo Electron Partner — Onsite corporate partner at the Albany NanoTech Complex
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.

  • Integrated Technology Commercialization Infrastructure
    methodology: research-commercialization-infrastructure
    By providing state-of-the-art physical infrastructure and operational support, the organization enables the translation of academic research—particularly in nanotechnology and clean energy—into market-ready, commercially viable technologies, because proximity and shared resources accelerate innovation and de-risk early-stage development.
  • Living Laboratory Model for Technology Demonstration
    methodology: living-laboratory
    By using built environments like the Zero Energy Nanotechnology (ZEN) building as a living laboratory, the organization advances clean and renewable energy technologies through real-world testing and demonstration, because operational integration allows for continuous performance feedback and innovation validation at scale.