EIN 23-2517422

Ben Franklin Technology Partners NE PA

IRS 501(c) type
501(c)(3)
Num. employees
25
Year formed
1988
Most recent tax filings
2023-06-01
Description
Ben Franklin Tech NE PA fosters innovation and partnering, linking companies with resources to develop technology-oriented companies and aid established businesses.
Also known as...
Ben Franklin Technology Partners of Northeastern Pennsylvania
Total revenues
$9,432,353
2023
Total expenses
$10,938,433
2023
Total assets
$66,138,901
2023
Num. employees
25
2023

Program areas at Ben Franklin Technology Partners NE PA

Business and Technical Assistance Projects - Companies are linked with universities, funding and other resources to help them prosper through innovation. The strategy includes developing early-stage, technology-oriented companies and helping established manufacturers creatively apply new technology and business practices.
Technology Infrastructure Activities - Promoting an innovative community-wide infrastructure that fosters a favorable business environment for high-growth companies. Ben Franklin Technology Partners of NEPA inaugurated one of the first business incubators in the nation in 1983 and managed and developed its award-winning incubator to be among the best. In 2007, BFTP/NEP relocated its original incubator across the street on Lehigh University's Mountaintop Campus to Ben Franklin TechVentures, a former Bethlehem Steel laboratory. The National Business Incubation Association named Ben Franklin TechVentures the 2012 National Incubator of the Year, a remarkable repeat of Ben Franklin's 2001 honor. Ben Franklin TechVentures brings together entrepreneurs, Ben Franklin staff, and Lehigh faculty and students to accelerate the growth of the region's technology economy. In 2010, the Partners purchased the Bloomsburg Innovation Center located in Bloomsburg, PA.

Grants made by Ben Franklin Technology Partners NE PA

GranteeGrant descriptionAmount
Bucknell UniversityBusiness and Technical Assistance$15,000
Scranton Lackawanna Industrial Building Company (SLIBCO)Business and Technical Assistance$7,500
The Greater Wilkes-Barre Chamber of Business and IndustryBusiness and Technical Assistance$7,500
...and 6 more grants made

Personnel at Ben Franklin Technology Partners NE PA

NameTitleCompensation
Angelo J. VallettaPresident and Chief Executive Officer$289,148
Kathy Ann MinnichChief Financial Officer$163,212
Wayne K. BarzChief Investment Officer$140,488
Laura EpplerChief Marketing Officer$110,793
Melanie KohlerChief Technology Officer
...and 8 more key personnel

Financials for Ben Franklin Technology Partners NE PA

RevenuesFYE 06/2023
Total grants, contributions, etc.$6,371,118
Program services$1,473,240
Investment income and dividends$437,458
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,150,537
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,432,353

Form 990s for Ben Franklin Technology Partners NE PA

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-11990View PDF
2021-062022-07-11990View PDF
2020-062021-05-20990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s

Organizations like Ben Franklin Technology Partners NE PA

OrganizationLocationRevenue
Rev1 VenturesColumbus, OH$12,957,997
Virginia Innovation Partnership Corporation (CIT)Herndon, VA$22,793,161
NCInnovationDurham, NC$10,283,256
South Carolina Research Authority (SCRA)Columbia, SC$16,234,461
BioGeneratorSt Louis, MO$11,680,607
Los Angeles Cleantech IncubatorLos Angeles, CA$21,575,491
Innovation Works (IW)Pittsburgh, PA$24,072,729
Mount Desert Island Biological Laboratory (MDIBL)Salisbury Cove, ME$11,998,788
Embarc Collective Tampa BayTampa, FL$4,280,835
New York Academy of SciencesNew York, NY$23,922,135
Data update history
July 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 2 new personnel
June 25, 2023
Used new vendors
Identified 1 new vendor, including
June 20, 2023
Updated personnel
Identified 2 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEconomic developmentBusiness and industry
Characteristics
Political advocacyConducts researchLobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
116 Research Dr Plaza Level
Bethlehem, PA 18015
Metro area
Allentown-Bethlehem-Easton, PA-NJ
County
Northampton County, PA
Website URL
nep.benfranklin.org/ 
Phone
(610) 758-5200
Facebook page
ben-franklin-technology-partners-of-northeastern-pa 
Twitter profile
@benfranklinnep 
IRS details
EIN
23-2517422
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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