Nystec
Legal name: New York State Technology Enterprise Corporation
Nonprofit profile at a glance
- EIN
- 161521105
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Albany, NY, USA
- Phone
- 888-969-7832
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $114,896,743
- Expenses
- $109,661,476
- Assets
- $102,167,305
- Liabilities
- $24,219,065
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- KEVIN OWENS (CEO & PRESIDENT)
Highest reported compensation
- KEVIN OWENS (CEO & PRESIDENT): $824,496 total reported compensation
- NICHOLAS ALGER (DIRECTOR OF OPERATIONS): $422,811 total reported compensation
- CHARLES BARNES (MANAGING DIRECTOR OF SERVICE DELIVERY): $369,311 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
NYSTEC is a trusted nonprofit consulting partner dedicated to optimizing public services through collaboration and future-forward solutions.
What it reported doing in 2024
The New York state technology enterprise corporation provides consulting services that leverage the knowledge and technology base in New York state, including air force research laboratory ri directorate, to define and develop new high-tech solutions for clients throughout all levels of government.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 82.2%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 87.8%; rating input score 88; 21st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.6%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 16.4% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 17.1% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 92nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 3 operating locations identified
- Where the money goes: 77.2% of revenue deployed · 82.2% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $90.2M in reported program spending
- Leadership: top reported pay $824K · 21 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $15.7M reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 36 filed money-flow records
- Related organizations: 14 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.