Program areas at Science and Technology Park Development Corporation
Management of sandia Science & Technology Park premises, including common areas, and provision of telecom services. Also monitors fiber optic telecommunications, security, and monitoring equipment.
To attract high tech companies to new mexico and fostering a relationship between the companies and government to create high tech jobs in new mexico. Management of sandia Science & Technology Park premises, including common areas, and provision of telecom services. Also monitors fiber optic telecommunications, security, and monitoring equipment. In 2023 there were 1,772 employees at the Park with an average salary of 97,000 compared to the abq metro area average salary of 54,000.
The high-speed fiberoptic network is the main attraction for companies looking to move into the Park. Each company pays a service fee which is used to suppport the infrastructure and accomplish the mission of bringing new high wage jobs to albuquerque.
Part of the exempt function relates to maintenance of the Park premises. Each occupant pays a small fee to support this maintenace activity which allows the Park to continue to bring in new tech companies and and high wage jobs.
Financials for Science and Technology Park Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Investment income and dividends | $4,869 | $128 | 3703.9% |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Gross sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $330,645 | $367,061 | -9.9% |
| Total revenues | $335,514 | $367,189 | -8.6% |
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Data update history
February 23, 2025
Posted financials
Added Form 990PF for fiscal year 2023
January 20, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990PF for fiscal year 2020
October 21, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Social sciencesCommunity improvement
Characteristics
Provides grantsConducts researchPartially liquidatedFundraising eventsState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1451 Innovation Pkwy Se No 600
- Albuquerque, NM 87123
- Metro area
- Albuquerque, NM
- County
- Bernalillo County, NM
- Website URL
- sstp.org/Â
- Phone
- (505) 843-4287
IRS details
- EIN
- 85-0462273
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 1999
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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