Overview
What is Ben Franklin Technology Partners Ne Pa?
Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEPa) is a nonprofit organization based in Bethlehem, Pennsylvania. Their mission is to foster economic growth in the region by promoting innovation and partnering with businesses. They specialize in supporting early-stage technology-oriented companies and helping established manufacturers adopt new technologies and business practices. By connecting companies with universities and various resources, BFTP/NEPa aims to build long-term relationships and address business challenges. With a team of 23 employees, they strive to transform the local economy through their expertise, creativity, and focused resources.
Official website here: www.nep.benfranklin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Ben Franklin Technology Partners Ne Pa has achieved a high rating of 96% from Charity Navigator, indicating strong accountability and finance practices. This score reflects the organization’s commitment to transparency and responsible financial management, highlighted by a perfect score in several key areas, including the oversight of financial statements and a conflict of interest policy.
The organization boasts an independent board composed entirely of independent members, which enhances its governance and decision-making processes. Additionally, the program expense ratio of 84.42% suggests that a significant portion of its expenditures is directed towards fulfilling its mission, rather than administrative costs.
While the organization has demonstrated strong financial health and accountability, it is essential for potential supporters to consider the broader impact of its programs and services beyond just financial metrics. Overall, Ben Franklin Technology Partners Ne Pa stands out as a well-managed nonprofit with a focus on effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Ben Franklin Technology Partners Ne Pa legitimate?
Ben Franklin Technology Partners Ne Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ben Franklin Technology Partners Ne Pa 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: $731,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,764,088
For more financial information, click here
Official website here: www.nep.benfranklin.org
What is the mission statement of Ben Franklin Technology Partners Ne Pa?
Ben Franklin Technology Partners Ne Pa aims to drive the transformation of the regional economy by fostering innovation and collaboration. They establish long-term relationships with businesses by providing expertise, creativity, and resources to tackle challenges. Acting as the Commonwealth's technology leader, they promote high-value business growth and economic development by leveraging their credibility and distinctiveness. Their mission is to promote, sustain, and invest in the regional economy's transformation through strategic partnerships and innovative approaches.
Official website here: www.nep.benfranklin.org
Who is the CEO of Ben Franklin Technology Partners Ne Pa?
Angelo J Valletta is the Ceo/President of Ben Franklin Technology Partners Ne Pa. The CEO's salary of Ben Franklin Technology Partners Ne Pa is $289,148 and their total compensation is $311,344.
Official website here: www.nep.benfranklin.org
What is the revenue of Ben Franklin Technology Partners Ne Pa?
Ben Franklin Technology Partners Ne Pa's revenue in 2022 was $12,276,721.
Official website here: www.nep.benfranklin.org
Who are the executives of Ben Franklin Technology Partners Ne Pa and what are their salaries?
The average compensation at Ben Franklin Technology Partners Ne Pa during 2022 was $108,497. There are 23 employees and 50 volunteers at Ben Franklin Technology Partners Ne Pa.
Here are 19 key members and their salaries (Ben Franklin Technology Partners Ne Pa's CEO's salary is $289,148 and their total compensation is $311,344):
- Compensation: $0
- Related: $465,746
- Other: $30,328
- Compensation: $0
- Related: $404,074
- Other: $39,483
- Compensation: $357,439
- Related: $0
- Other: $51,490
- Compensation: $289,148
- Related: $0
- Other: $22,196
- Compensation: $163,212
- Related: $0
- Other: $34,144
- Compensation: $140,488
- Related: $0
- Other: $29,698
- Compensation: $110,793
- Related: $0
- Other: $28,292
- Compensation: $104,712
- Related: $0
- Other: $31,085
- Compensation: $116,837
- Related: $0
- Other: $11,299
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nep.benfranklin.org
Where can I find the form 990 for Ben Franklin Technology Partners Ne Pa?
Ben Franklin Technology Partners Ne Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nep.benfranklin.org
Learn more at the official website: www.nep.benfranklin.org
Mission Statement of Ben Franklin Technology Partners Ne Pa
Ben Franklin Technology Partners Ne Pa, a renowned nonprofit organization, is on a mission to foster and sustain the growth of the regional economy by championing innovation and strategic partnerships. With a deep commitment to the transformation of the economy, this esteemed organization builds long-term relationships with its clients by applying expertise, creativity, and focused resources to tackle business challenges. As the leading technology catalyst, Ben Franklin Technology Partners Ne Pa leverages its credibility and uniqueness to drive high-value business expansion and economic development. By nurturing a culture of innovation, the organization supports the growth of businesses, creating a ripple effect that benefits the local community and the economy as a whole. Through its innovative approach and unwavering dedication, Ben Franklin Technology Partners Ne Pa is a driving force behind the region's economic progress.
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Impact
October, 2024
Ben Franklin Technology Partners NE PA plays a pivotal role in transforming the regional economy by driving innovation and fostering partnerships. Through a focus on business and technical assistance projects, the organization connects companies with universities, funding sources, and other essential resources. This collaboration aids in the prosperity of businesses by facilitating innovation, particularly in early-stage, technology-oriented companies and established manufacturers.
Their strategic approach emphasizes the creative application of new technologies and modern business practices, which enhances productivity and competitiveness. The long-term relationships built with clients are founded on expertise and a commitment to addressing business challenges effectively. As a leader in technology within the Commonwealth, Ben Franklin Technology Partners NE PA promotes high-value business growth and supports significant economic development in the region, ultimately contributing to community improvement.
This information is meant to be a general summary of Ben Franklin Technology Partners Ne Pa. 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: $6,995,583
- Program Service Revenue: $1,760,038
- Gross Receipts: $19,723,472
Assets and Liabilities:
- Total Assets: $62,281,890
- Total Liabilities: $1,766,429
- Net Assets: $60,515,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS INCUBATOR REVENUE
Revenue
$1,370,323
CLIENT LOAN INTEREST
Revenue
$385,315
EVENTS TO SHOWCASE CLIENTS
Revenue
$4,400
Organization Details
Founding Year
1988
Phone
(610) 758-5200Principal Officer
Angelo J Valletta
Main Address
116 Research DRIVE PLAZA LEVEL, Bethlehem, PA, 180154731
Website
www.nep.benfranklin.orgNTEE Category
Code: S300 - Community improvement
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