Mission
NY CREATES is a world-leading R&D, innovation hub and commercialization facilitator in advanced digital, analog and power technologies. The organization aims to further accelerate the growth of high-value, high-technology companies by attracting entrepreneurs to New York State and supporting them through various phases of development. Operating the Albany NanoTech Complex, NY CREATES collaborates with industry leaders, academia, and institutions to develop next-generation semiconductor technologies, while also driving regional economic development through its extensive partnerships.
Basic Information
Founded in
2018
EIN
84-4046818
Total Assets
$1.45 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
At a Glance
Albany NanoTech Complex
A state-of-the-art research facility that drives semiconductor innovation.
Workforce Development Programs
Robust programs designed to train the next generation of semiconductor professionals.
Comprehensive Partnerships
Collaborations with numerous academic and industry leaders for cutting-edge semiconductor research.
Impact Stats
Total Capital Investment
Over $15 Billion Capital Investment
Capital investment at the Albany NanoTech Campus has exceeded more than $15 billion since its inception.
Annual Budget
300 Million Annual Operating Budget
The current annual operating budget for NY CREATES is approximately $300 million, reflecting growth in their initiatives.
Jobs Created
Thousands of Jobs Created
Through partnerships like Global Foundries, NY CREATES has contributed to the creation of thousands of jobs in the high-tech sector in New York State.
Upcoming Events
Cryogenics as an Enabler in New Technologies
December 5, 2024
A virtual talk exploring cryogenics in modern technology.
Learn MoreFerroelectric Neuromorphic Devices and Systems
January 23, 2025
A virtual seminar discussing advancements in ferroelectric devices.
Learn MoreOur Programs
Workforce Development
Programs designed to build skills in advanced semiconductor manufacturing.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
56
48
/100
Program Expense Ratio
100.00%
20
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.01005
20
/20
Working Capital Ratio
0.2717
4
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2021
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 0 | 0.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 6.616M | 100.00% |
| Total Revenue | 6.616M | 100.00% |
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