Connecticut · Nonprofit
SCIENCE PARK DEVELOPMENT CORPORATION
SCIENCE PARK DEVELOPMENT CORPORATION (Connecticut) receives grants from 1 organization whose IRS filings report $485,000 to it, the largest being Economic Development Corporation of New Haven ($485,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $6.7M
- Funders on record
- 1
- Grants received
- $485k
- Net assets
- $-9550549
What Science Park Development Corporation does
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.
As stated on its FY2024 Form 990.
Program
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, yale university, and olin corporation to mobilize their considerable resources to create a new economic base at the site of a multi-tract, predominantly vacant, industrial complex adjacent to the yale science hill campus and in new haven's state-designated enterprise zone. It's goal is to further the revitalization of the city of new haven through the development of office and lab spaces for tech and biotech companies and through the establishment of a variety of housing in science park which will result in the enhancement employment opportunities for area residents, relief of poverty and neighborhood tension, and the prevention of blight and deterioration in the surrounding dixwell-newhallville neighborhood areas.in july of 1998, the connecticut housing finance authority ("chfa") and the department of economic and community development ("decd") committed $15 million to demolish obsolete structures, and to rehabilitate and/or construct new buildings in the park to support the redevelopment and expansion 140,000 square…
$5,125,859 spent$4,082,047 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $5,125,859.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $13M to $16M (+22%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 5% · 2021 1% · 2024 38%. Grants only. Government contracts and fees sit inside program revenue.
38% of SCIENCE PARK DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 7 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
David Silverstone
Board chairman/president
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of SCIENCE PARK DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of SCIENCE PARK DEVELOPMENT CORPORATION's grant income comes from Connecticut funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SCIENCE PARK DEVELOPMENT CORPORATION runs a healthier operating margin than half of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding SCIENCE PARK DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $7.4M on record.
- Pass thru Grant Non-State$4.4M
- Trnsfr Grant Expend-St Agency$3.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like SCIENCE PARK DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
97% of spending goes to programs.
Governance
Public support
53%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 5 related entities
- Spdc Tract a LLC · disregarded
- Spdc Tract D LLC · disregarded
- Spdc Tract E LLC · disregarded
- Spdc Tract J LLC · disregarded
- Spdc 110 Munson LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for SCIENCE PARK DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SCIENCE PARK DEVELOPMENT CORPORATION?
- SCIENCE PARK DEVELOPMENT CORPORATION (Connecticut) receives grants from 1 organization whose IRS filings report $485,000 to it, the largest being Economic Development Corporation of New Haven ($485,000). 0 of them have funded it in more than one year.
- How many funders does SCIENCE PARK DEVELOPMENT CORPORATION have?
- IRS filings report 1 organization giving $485,000 in grants to SCIENCE PARK DEVELOPMENT CORPORATION.
- Who is the largest funder of SCIENCE PARK DEVELOPMENT CORPORATION?
- Economic Development Corporation of New Haven is the largest funder on record, with $485,000 in grants. The full list of funders is on this page.
- How can an organization like SCIENCE PARK DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Science Park Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing