Public Charity

SCIENCE PARK DEVELOPMENT CORPORATION

SCIENCE PARK DEVELOPMENT CORPORATION is a Public Charity headquartered in NEW HAVEN, CT. Financial data from the 2024 filing: $6.7M revenue, $5.3M expenses, $15.6M total assets. 1 publicly reported grants to this organization, totaling roughly $485K, appear in IRS filings.

EIN: 061062368 NEW HAVEN, CT Business & Industry NTEE: S40 Latest filing: 2024
Total Revenue$6.7M
Total Expenses$5.3M
Total Assets$15.6M
Grant Records1
Funding Total$485K
Filing Years2019–2024

Mission

COMPLETE THE DEVELOPMENT/REDEVELOPMENT OF SCIENCE PARK AND ITS ENVIRONS FOR THE PURPOSE OF INCREASING EMPLOYMENT IN THE CITY OF NEW HAVEN IN GENERAL AND THE DIXWELL AND NEWHALLVILLE NEIGHBORHOODS IN PARTICULAR, INCREASING THE TAX BASE IN THE CITY OF NEW HAVEN, ATTRACTING RESEARCH AND TECHNOLOGICAL ENTERPRISES, AND THE EXTENT COMPATIBLE WITH THE FOREGOING, INCREASING THE VARIETY OF HOUSING IN SCIENCE PARK AND ITS ENVIRONS.

Where $100 goes at Science Park Development Corporation

How Science Park Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$96
Science Park Development Corporation ("spdc") was established in august of 1981 as a part of a cooperative effort by the city of New Haven, the state of connecticut…
All program spending · Reported in the filing: 100 units
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

EXEC. DIR. & ASST. SECRETA Clio Nicolakis
DIRECTOR Cynthia Petruzzello
DIRECTOR Darrell Brooks
DIRECTOR David Share
BOARD CHAIRMAN/PRESIDENT David Silverstone
VICE PRESIDENT; DIRECTOR Jerome E Tureck

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$485,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $6.7M $5.3M $15.6M
2023 $3.9M $4.8M $12.8M
2022 $3.8M $4.8M $13.1M
2020 $3.5M $4.3M $14.0M
2019 $3.3M $4.4M $14.4M

Between 2019 and 2024, reported annual revenue grew from $3.3M to $6.7M (+104%), with total assets most recently reported at $15.6M.

Interactive year-over-year charts and full filing details available with membership.

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