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Southern Tier High Technology Incubator Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800821308 ✦ Binghamton, NY ✦ Designated as a 501(c)(3)

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Overview

What is Southern Tier High Technology Incubator Inc?

Southern Tier High Technology Incubator Inc, based in Binghamton, New York, is a nonprofit organization with a mission to enhance the educational and scientific purposes of Binghamton University. They achieve this by establishing a high-technology incubator center, which expands the university's research and development capabilities. This center encourages innovation, providing a platform for startups and entrepreneurs in the tech sector to grow and thrive. By supporting this initiative, the organization contributes to the local economy and fosters technological advancement in the region.


Official website here: www.southerntierincubator.com

What do the Facebook reviews say about Southern Tier High Technology Incubator Inc?

100% of 12 reviewers on Facebook recommend Southern Tier High Technology Incubator Inc. Here is a summary of their reviews:

The overall sentiment highlights strong enthusiasm for the incubator's role in fostering new business ventures. Many reviewers express excitement about the potential for innovation and growth that the facility supports, suggesting that it is a promising environment for entrepreneurs.

The positive feedback indicates that contributors see the incubator as a vital resource in the community, paving the way for future economic development and the establishment of successful startups. Reviewers feel optimistic about the initiatives and opportunities emerging from this nonprofit.


This AI summary has been generated from reviews found on Facebook.

Is Southern Tier High Technology Incubator Inc legitimate?

Southern Tier High Technology Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Tier High Technology Incubator 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,233

For more financial information, click here


Official website here: www.southerntierincubator.com

What is the mission statement of Southern Tier High Technology Incubator Inc?

The Southern Tier High Technology Incubator Inc is established with a mission to contribute to and strengthen the educational and scientific objectives of Binghamton University. By creating a high-technology incubator center, the organization aims to enhance the university's research and development capabilities. This initiative will foster innovation and technological advancements, ultimately benefiting the academic community and contributing to scientific progress. The incubator center serves as a platform for researchers and entrepreneurs to collaborate, develop new technologies, and translate theoretical concepts into practical applications.


Official website here: www.southerntierincubator.com

Who is the CEO of Southern Tier High Technology Incubator Inc?

Sheila Doyle is the President of Southern Tier High Technology Incubator Inc.


Official website here: www.southerntierincubator.com

What is the revenue of Southern Tier High Technology Incubator Inc?

Southern Tier High Technology Incubator Inc's revenue in 2023 was $785,543.


Official website here: www.southerntierincubator.com

Who are the executives of Southern Tier High Technology Incubator Inc and what are their salaries?


Here are 8 key members and their salaries:


Betsy Koffman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harvey Stenger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marybeth Curtin (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Drumm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Goldstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Unger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary O'Malley-Trumble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Doyle (Executive Director)
  • Compensation: $0
  • Related: $282,628
  • Other: $47,444


Official website here: www.southerntierincubator.com

Where can I find the form 990 for Southern Tier High Technology Incubator Inc?

Southern Tier High Technology Incubator Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.southerntierincubator.com

Learn more at the official website: www.southerntierincubator.com

Mission Statement of Southern Tier High Technology Incubator Inc

Southern Tier High Technology Incubator Inc, in line with its mission, aims to bolster and uphold the educational and scientific objectives of Binghamton University. To accomplish this, the organization has established a high technology incubator center. This center serves to augment the research and development capabilities of the university, thereby contributing to its overall growth and development. By fostering a conducive environment for innovation and technological advancement, Southern Tier High Technology Incubator Inc plays a crucial role in supporting Binghamton University's academic and scientific pursuits.

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Impact




October, 2024

Southern Tier High Technology Incubator Inc significantly contributes to the advancement of research and development at Binghamton University. By establishing a high technology incubator, it enhances the university's capacity to foster innovation and support emerging technologies. This initiative creates an ecosystem where startups and researchers can collaborate, enabling the translation of academic research into practical applications and commercial ventures. The incubator not only nurtures entrepreneurial talent but also strengthens the regional economy by attracting tech-focused enterprises and driving job creation. Overall, its impact is seen in the bolstered educational and scientific framework that supports both students and the broader community in Binghamton, NY.




This information is meant to be a general summary of Southern Tier High Technology Incubator 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.

Revenue
$785,543 (2023)
Expenses
$1,711,829 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $354,160
  • Gross Receipts: $785,543

Assets and Liabilities:

  • Total Assets: $12,310,507
  • Total Liabilities: $183,005
  • Net Assets: $12,127,502

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCUBATOR RENT

Revenue

$303,560

EVENTS & SPONSORSHIP

Revenue

$50,600

Organization Details

Founding Year

2012

Principal Officer

Sheila Doyle

Main Address

PO BOX 6005, BINGHAMTON, NY, 13902

NTEE Category

Code: B11 - Education

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