Nydesign Inc
Nonprofit profile at a glance
- EIN
- 871183988
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Troy, NY, USA
- Phone
- 5188525797
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Job Training
Reported finances
- Revenue
- $400,015
- Expenses
- $338,925
- Assets
- $113,212
- Liabilities
- $46,391
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- LAMAR HILL (EXECUTIVE DIRECTOR)
- DAVID ROONEY (EXECUTIVE DIRECTOR)
People named in this filing
- PETER KEHOE (SECRETARY)
- PATRICIA BENGRAFF (TREASURER)
- MARK REYNOLDS (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nydesign seeks to democratize access across New York to the skills and tools necessary for creators to design, fabricate and verify their own integrated circuits, beginning with university students as a proof-of-concept. Additionally, nydesign will organize, attract, attract and grow a ic design regional cluster headquartered in troy ny.
What it reported doing in 2024
Nydesign hosts hands-on workshops to guide students through the process of creating and submitting a ic design project using the efabless chipignite platform. These workshops are open to select New York state academic institutions and invited industry partners.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 47
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.7%; rating input score 40
- Program expense ratio: 46.9%; rating input score 47
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.41; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -34.5% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -68.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 39.7% of revenue deployed · 46.9% of spending went to programs
- Governance: 10 of 10 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $159K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.