Overview
What is Ben Franklin Technology Ptrs Of Se Pa?
Ben Franklin Technology Partners of Southeastern Pennsylvania is a public-private partnership dedicated to fostering economic growth and job creation in the region. Established in 1982, this nonprofit organization provides capital investment, business, and technical assistance to technology-focused entrepreneurs and innovators. By offering one-on-one mentoring, networking, and specialized expertise in areas such as product development, marketing, funding, accounting, and operations, Ben Franklin aims to help grow early-stage companies and accelerate their path to commercial success. With a mission to drive equitable economic growth and positive social impact, the organization has supported over 2,000 companies, contributing to an impact of more than $5 billion and 32,000 jobs in the Philadelphia area. Ben Franklin invests in regional seed funds, angel groups, and accelerators, including Emerald Stage 2 Ventures and Rittenhouse Ventures. Additionally, the organization maintains a robust partnership with local universities, leveraging over $500 million in funding to the region.
Official website here: www.sep.benfranklin.org
Is Ben Franklin Technology Ptrs Of Se Pa legitimate?
Ben Franklin Technology Ptrs Of Se Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ben Franklin Technology Ptrs Of Se 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,119,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,784,831
For more financial information, click here
What is the mission statement of Ben Franklin Technology Ptrs Of Se Pa?
Ben Franklin Technology Partners of Southeastern Pennsylvania's mission is to stimulate economic growth and innovation in the region through initiatives and partnerships. They primarily achieve this by accelerating the development of new technologies and their commercialization, primarily through investments in and support of technology-based enterprises. The organization aims to drive equitable economic growth and positive, sustainable social impact by cultivating a regional ecosystem that fosters, mentors, and invests in entrepreneurs developing healthcare and technology-based innovations. They provide early-stage companies with customized, one-on-one assistance in product development and commercialization, marketing, fundraising, accounting, operations, and human resources, among other services. Ben Franklin has supported over 2,000 companies since 1982, delivering an impact of over $5 billion and creating over 32,000 jobs in the Philadelphia region. They maintain partnerships with various initiatives, including seed funds, angel groups, and accelerators, to invest in and support regional entrepreneurs.
Official website here: www.sep.benfranklin.org
Who is the CEO of Ben Franklin Technology Ptrs Of Se Pa?
Scott Nissenbaum is the President And Ceo of Ben Franklin Technology Ptrs Of Se Pa. The CEO's salary of Ben Franklin Technology Ptrs Of Se Pa is $380,669 and their total compensation is $441,342.
Official website here: www.sep.benfranklin.org
What is the revenue of Ben Franklin Technology Ptrs Of Se Pa?
Ben Franklin Technology Ptrs Of Se Pa's revenue in 2022 was $11,508,194.
Official website here: www.sep.benfranklin.org
Who are the executives of Ben Franklin Technology Ptrs Of Se Pa and what are their salaries?
The average compensation at Ben Franklin Technology Ptrs Of Se Pa during 2022 was $132,547. There are 37 employees and 22 volunteers at Ben Franklin Technology Ptrs Of Se Pa.
Here are 33 key members and their salaries (Ben Franklin Technology Ptrs Of Se Pa's CEO's salary is $380,669 and their total compensation is $441,342):
- Scott Nissenbaum (President And Ceo) [Trustee/Director]
- Adare Mcmillan (Cfo (Thru 12/31/21))
- Anthony Green (Chief Scientic Officer)
- Margaret Bradley (Vice President, Strategic Initiatives)
- Omar Mencin (Managing Director, It Investment Group)
- Jennifer Hartt (Managing Director, Healthcare Investment Group)
- Richard Genzer (Director, Investments & It)
- Roseann B Rosenthal (Former President)
- William Kiesling (Coo & General Counsel)
- Dorthea Chrupcala (Assistant Corporate Secretary)
- Charles M Robins (Chair Of The Board) [Trustee/Director]
- Janice Giannini (Vice Chair Of The Board) [Trustee/Director]
- Mindy Posoff (Corporate Secretary) [Trustee/Director]
- Robert Ciaruffoli (Corporate Treasurer & Fin) [Trustee/Director]
- Matthew Callahan (Director)
- John Castleman (Director/Corporate Develop)
- Alan J Cohn (Director)
- Denise Devine (Director)
- Mimi Drake (Director)
- Leroy Jones (Director)
- Orim Graves (Director)
- Nate Lentz (Director)
- Sushma Rajagopalan (Director)
- Ami Miron (Director/Investment Commit)
- James D Narron (Director)
- Mr Doc Parghi (Director)
- Michael Purcell (Director/Audit Committee C)
- Timothy Reese (Director/Governance & Nomi)
- Vince Rogusky (Director)
- Tucker Twitmyer (Director)
- Nick Wilkinson (Director/Corporate Develop)
- Elaina Shekhter (Director)
- Saniah M Johnson Cpa (Cfo (Eff June 2022))
Official website here: www.sep.benfranklin.org
Where can I find the form 990 for Ben Franklin Technology Ptrs Of Se Pa?
The Ben Franklin Technology Ptrs Of Se Pa’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sep.benfranklin.org
Learn more at the official website: www.sep.benfranklin.org
Mission Statement of Ben Franklin Technology Ptrs Of Se Pa
Ben Franklin Technology Partners of Southeastern Pennsylvania, often referred to as Ben Franklin, is an organization that plays a pivotal role in stimulating economic growth and fostering innovation in the region. Their mission is multifaceted, primarily focusing on accelerating the development of new technologies and their commercialization. They achieve this by investing in and supporting technology-based enterprises, acting as the investor of first resort for growing tech companies.
Ben Franklin provides these enterprises with a wide range of services, including customized, one-on-one real-world knowledge in areas such as product development, commercialization, marketing, fundraising, accounting, operations, and human resources. This comprehensive support system, coupled with access to a vast network of advisors and partners, empowers companies to reach their milestones and accelerate their path to commercial success.
Furthermore, Ben Franklin drives equitable economic growth and positive, sustainable social impact by cultivating a regional ecosystem that fosters, mentors, and invests in entrepreneurs. These entrepreneurs are developing and commercializing healthcare and technology-based innovations, contributing significantly to the region's economy. Since its inception in 1982, Ben Franklin has supported over 2,000 companies, leading to an impact of over $5 billion and 32,000 jobs in the Philadelphia region. This impact includes $3.5 billion in follow-on funding raised by their clients since 2001.
Impact
This information is meant to be a general summary of Ben Franklin Technology Ptrs Of Se Pa. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ben Franklin Technology Partners of Southeastern Pennsylvania has a significant impact on the region by stimulating economic growth and innovation through initiatives and partnerships that accelerate the development and commercialization of new technologies. Since 1982, Ben Franklin has supported over 2,000 companies, resulting in an impact of more than $5 billion and the creation of 32,000 jobs in the Philadelphia region. Additionally, their clients have raised more than $3.5 billion in follow-on funding since 2001.
Ben Franklin provides capital investment, business, and technical assistance to early-stage companies, offering customized, one-on-one support in areas such as product development, commercialization, marketing, fundraising, operations, and more. They also offer a wide range of mentoring, business, and technology development services to help companies achieve their visions and reach targeted milestones for commercial success.
Furthermore, Ben Franklin has invested in regional seed funds, angel groups, and accelerators, fostering a robust ecosystem for innovation and entrepreneurship in the region. Their partnerships with universities have leveraged over $500 million in funding to benefit the community. Overall, Ben Franklin Technology Partners of Southeastern Pennsylvania plays a crucial role in driving equitable economic growth, creating jobs, and fostering positive social impact through their support for entrepreneurs and technology-based innovations.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$2,235,663
LOAN MAINTENANCE FEES
Revenue
$413,095
APPLICATION & CLOSING FEES
Revenue
$18,750
Organization Details
Founding Year
1988
Phone
(215) 972-6700
Principal Officer
Scott Nissenbaum
Main Address
4800 S 13TH ST-BLDG100 200, PHILADELPHIA, PA, 19112
Website
www.sep.benfranklin.org
NTEE Category
Code: S430 - Community improvement
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