Overview
What is Western New York Technology Development Center Inc?
Western New York Technology Development Center Inc, operating under the name Insyte Consulting, is a nonprofit organization situated in Buffalo, New York. With a team of ten individuals, their primary mission is to stimulate business growth and creation within the five counties of Western New York. They achieve this by offering business consulting services to small-to-medium-sized manufacturers and technology companies, aiming to enhance their operational efficiency, business practices, and the technologies they employ. By doing so, the center aims to improve the overall quality of life for residents in the region.
Official website here: www.insyte-consulting.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Western New York Technology Development Center Inc has achieved a high rating of 96%, indicating strong performance in accountability and finance. This rating is derived entirely from their adherence to various best practices and financial management standards, showcasing their commitment to transparency and effective governance.
The organization benefits from a fully independent board, scoring 100% in board member independence, and demonstrates strong oversight with a well-structured audit and oversight committee. Additionally, their financial health is solid, with a low liabilities to assets ratio and a high program expense ratio, signifying that a significant portion of their funds is directed towards their programs rather than administrative costs.
While the rating reflects strong organizational practices, it's important for potential donors and partners to consider the specific impact and outcomes of the organization's programs. No limitations were noted in the data, but ongoing evaluation of their program effectiveness and community impact would further enhance their credibility and appeal.
This AI summary has been generated from information found on Charity Navigator.
Is Western New York Technology Development Center Inc legitimate?
Western New York Technology Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western New York Technology Development Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $377,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $768,055
For more financial information, click here
Official website here: www.insyte-consulting.com
What is the mission statement of Western New York Technology Development Center Inc?
The Western New York Technology Development Center Inc's mission is centered around transforming a region by fostering the growth and creation of innovative companies. This initiative aims to enhance the living standards of the residents. The organization provides business and consulting services to small-to-medium-sized manufacturers and technology companies, aiming to improve their operations, business practices, and the technologies they utilize.
Official website here: www.insyte-consulting.com
Who is the CEO of Western New York Technology Development Center Inc?
Benjamin L Rand is the Board Member of Western New York Technology Development Center Inc.
Official website here: www.insyte-consulting.com
What is the revenue of Western New York Technology Development Center Inc?
Western New York Technology Development Center Inc's revenue in 2022 was $2,443,511.
Official website here: www.insyte-consulting.com
Who are the executives of Western New York Technology Development Center Inc and what are their salaries?
The average compensation at Western New York Technology Development Center Inc during 2022 was $114,580. There are 10 employees and 17 volunteers at Western New York Technology Development Center Inc.
Here are 24 key members and their salaries:
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- Compensation: $146,624
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- Other: $13,416
Official website here: www.insyte-consulting.com
Where can I find the form 990 for Western New York Technology Development Center Inc?
Western New York Technology Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insyte-consulting.com
Learn more at the official website: www.insyte-consulting.com
Mission Statement of Western New York Technology Development Center Inc
Western New York Technology Development Center, or WNYTDC for short, is dedicated to transforming its region by fostering the expansion and establishment of innovative companies. This organization seeks to enhance the living standards of local residents by stimulating the growth of dynamic businesses. WNYTDC accomplishes this by offering business and consulting services to small-to-medium-sized manufacturers and technology companies in the five counties of Western New York. This assistance aids these companies in improving their operations, refining their business practices, and adopting advanced technologies, ultimately contributing to the region's economic growth and development.
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Impact
October, 2024
Western New York Technology Development Center Inc plays a crucial role in enhancing the economic landscape of the region by fostering the growth and development of small-to-medium-sized manufacturers and technology companies. By providing tailored business consulting services, the center empowers these enterprises to improve their operations, adopt better business practices, and implement advanced technologies.
This focus on enhancing local businesses not only stimulates job creation and economic growth but also contributes to a higher standard of living for residents in Western New York. As dynamic companies thrive, they generate more employment opportunities and create a robust ecosystem for innovation and collaboration. The center’s commitment to transforming the region fosters a sustainable environment for business development, ultimately leading to a more prosperous community.
This information is meant to be a general summary of Western New York Technology Development Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $83
- Program Service Revenue: $1,502,382
- Gross Receipts: $2,443,511
Assets and Liabilities:
- Total Assets: $1,346,783
- Total Liabilities: $492,526
- Net Assets: $854,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$1,502,382
Organization Details
Founding Year
1984
Phone
(716) 636-3626Principal Officer
Benjamin L Rand
Main Address
683 NORTHLAND AVENUE 1109, BUFFALO, NY, 14211
Website
www.insyte-consulting.comNTEE Category
Code: U40Z - Science research
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