Center For Technology & Innovation Inc
- Assets
- $1.3m
- Revenue
- $83.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 11/1996
- Data as of
- 12/2020
- EIN
- 16-1482563
Organization Overview
Center For Technology & Innovation Inc is located in Binghamton, NY. The organization was established in 1996. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Technology & Innovation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Center For Technology & Innovation Inc generated $83.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $53.2k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SHOWCASE UPSTATE NY INNOVATIONS - PAST, PRESENT, AND FUTURE. ACTIVITIES INCLUDE DOCUMENT (ORAL HISTORY, ARCHIVES, ARTIFACTS), RENOVATION OF ICE-CREAM FACTORY AS TECHWORKS!, AND TESTING OF VISITORS EXPERIENCES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION MANAGEMENT - RESTORATION AND ACQUISITION OF ARTIFACTS FROM CENTRAL NYS INDUSTRIES WERE LIMITED DURING NYS ON PAUSE CLOSURES OF NON-ESSENTIAL ENTITIES. IBM AND LINK VOLUNTEER RESTORATION WORK SESSIONS WERE CURTAILED BEGINNING IN MARCH. TECHNOLOGY ARTIFACTS WERE DONATED BY IBM VETERANS ALAN JONES, WILL TRACZ, ESTATE OF GE-AVIONICS ENGINEER BILL QUINLIVAN, AND INVENTOR TOM AMENDOLA. THE KILST FAMILY DONATED A WORKING PLAYER PIANO, ALONG WITH PIANO ROLL COLLECTION, AS DID TOM ULRICH. BINGHAMTON UNIVERSITY (BU) COMMUNITY SERVICE TEAMS WORKED REMOTELY ON ARTIFACT INVENTORY DATABASES AND UPGRADES OF WEBSITE/SOCIAL MEDIA PRESENTATIONS.
OUTREACH/EVENTS - PRE-PANDEMIC EVENTS: THE CENTER HOSTED A GLOBAL GAME JAM SITE IN PARTNERSHIP WITH SUNY BROOME COMMUNITY COLLEGE, JAN 2020, AND A DAY LONG BABY IT'S CODE INSIDE EVENT AT TECHWORKS!, FEB 2020, IN PARTNERSHIP WITH AAUW, GIRL SCOUTS - NYPENN PATHWAYS, HACK BU, SWE, AND WOMEN IN TECHNOLOGY AT BU. OUTREACH: IN SPRING 2020 SEMESTER, THE CENTER WORKED WITH THREE BU STUDENT TEAMS FOR ACADEMIC CREDIT ON A HYBRID IN PERSON/REMOTE BASIS - WATSON SCHOOL - TECHWORKS! ROOFTOP SCULPTURE FEASIBILITY STUDY; SCHOOL OF MANAGEMENT - REWIRE STROKE REHAB PARTNERSHIP PROPOSAL WITH RYAN REHAB CENTER, CHICAGO; AND SATURN V INSTRUMENT UNIT 3D DISPLAY FEASIBILITY STUDY. IN FALL 2020 SEMESTER, A TEAM OF WATSON SCHOOL SENIORS BEGAN A YEAR-LONG PLAN FOR REASSEMBLY OF THE LUNAR MODULE SIMULATOR, ON LONG-TERM LOAN FROM THE SMITHSONIAN INSTITUTION.
TECHWORKS! DEVELOPMENT - IN PREPARATION FOR REPLACEMENT OF TECHWORKS! CENTRAL BLOCK ROOF, BU STUDENT VOLUNTEER TEAMS MOVED COLLECTION ITEMS AND SHELVING TO SECOND FLOOR WHEN UNIVERSITY COVID PROTOCOLS PERMITTED OFF-CAMPUS COMMUNITY SERVICE, JAN-FEB AND FALL 2020. WHEN PERMITTED, BU STUDENT TEAMS ASSISTED WITH REPAIRS AND REMOVAL OF DECAYED GARDEN AND BUILDING FEATURES. SERVICES OF PROJECT ENGINEER AND ARCHITECT WERE ENGAGED TO MOVE FORWARD CITY REVIEW AND APPROVAL.
COLLECTION MANAGEMENT - RESTORATION AND ACQUISITION OF ARTIFACTS FROM CENTRAL NYS INDUSTRIES WERE LIMITED DURING NYS ON PAUSE CLOSURES OF NON-ESSENTIAL ENTITIES. IBM AND LINK VOLUNTEER RESTORATION WORK SESSIONS WERE CURTAILED BEGINNING IN MARCH. TECHNOLOGY ARTIFACTS WERE DONATED BY IBM VETERANS ALAN JONES, WILL TRACZ, ESTATE OF GE-AVIONICS ENGINEER BILL QUINLIVAN, AND INVENTOR TOM AMENDOLA. THE KILST FAMILY DONATED A WORKING PLAYER PIANO, ALONG WITH PIANO ROLL COLLECTION, AS DID TOM ULRICH. BINGHAMTON UNIVERSITY (BU) COMMUNITY SERVICE TEAMS WORKED REMOTELY ON ARTIFACT INVENTORY DATABASES AND UPGRADES OF WEBSITE/SOCIAL MEDIA PRESENTATIONS.
OUTREACH/EVENTS - PRE-PANDEMIC EVENTS: THE CENTER HOSTED A GLOBAL GAME JAM SITE IN PARTNERSHIP WITH SUNY BROOME COMMUNITY COLLEGE, JAN 2020, AND A DAY LONG BABY IT'S CODE INSIDE EVENT AT TECHWORKS!, FEB 2020, IN PARTNERSHIP WITH AAUW, GIRL SCOUTS - NYPENN PATHWAYS, HACK BU, SWE, AND WOMEN IN TECHNOLOGY AT BU. OUTREACH: IN SPRING 2020 SEMESTER, THE CENTER WORKED WITH THREE BU STUDENT TEAMS FOR ACADEMIC CREDIT ON A HYBRID IN PERSON/REMOTE BASIS - WATSON SCHOOL - TECHWORKS! ROOFTOP SCULPTURE FEASIBILITY STUDY; SCHOOL OF MANAGEMENT - REWIRE STROKE REHAB PARTNERSHIP PROPOSAL WITH RYAN REHAB CENTER, CHICAGO; AND SATURN V INSTRUMENT UNIT 3D DISPLAY FEASIBILITY STUDY. IN FALL 2020 SEMESTER, A TEAM OF WATSON SCHOOL SENIORS BEGAN A YEAR-LONG PLAN FOR REASSEMBLY OF THE LUNAR MODULE SIMULATOR, ON LONG-TERM LOAN FROM THE SMITHSONIAN INSTITUTION.
TECHWORKS! DEVELOPMENT - IN PREPARATION FOR REPLACEMENT OF TECHWORKS! CENTRAL BLOCK ROOF, BU STUDENT VOLUNTEER TEAMS MOVED COLLECTION ITEMS AND SHELVING TO SECOND FLOOR WHEN UNIVERSITY COVID PROTOCOLS PERMITTED OFF-CAMPUS COMMUNITY SERVICE, JAN-FEB AND FALL 2020. WHEN PERMITTED, BU STUDENT TEAMS ASSISTED WITH REPAIRS AND REMOVAL OF DECAYED GARDEN AND BUILDING FEATURES. SERVICES OF PROJECT ENGINEER AND ARCHITECT WERE ENGAGED TO MOVE FORWARD CITY REVIEW AND APPROVAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Sherwood Executive Director | Officer | 25 | $4,833 |
Roger Westgate Borad President | OfficerTrustee | 3 | $0 |
Mark Kreibel Treasurer/secretary | OfficerTrustee | 1 | $0 |
Frank Cardullo Board Member | Trustee | 0.5 | $0 |
Paul Ceruzzi Board Member | Trustee | 0.5 | $0 |
Erik Antonsson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,955 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,634 |
| Total Program Service Revenue | $3,344 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,833 |
| Compensation of current officers, directors, key employees. | $4,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $670 |
| Advertising and promotion | $1,235 |
| Office expenses | $5,204 |
| Information technology | $6,637 |
| Royalties | $0 |
| Occupancy | $19,103 |
| Travel | $212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,931 |
| All other expenses | $2,269 |
| Total functional expenses | $53,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $495,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $704,317 |
| Total assets | $1,279,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,900 |
| Total liabilities | $20,900 |
| Net assets without donor restrictions | $1,258,465 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,279,365 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center For Technology & Innovation Inc has recieved totaling $24,338.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $14,055 |
Ibm International Foundation Armonk, NY PURPOSE: EMPLOYEE MATCHING GRANT | $10,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |
Shelburne Museum Incorporated Shelburne, VT | $56,455,494 | $11,449,784 |
Bruce Museum Inc Greenwich, CT | $42,027,905 | $8,121,476 |
Brant Foundation Inc Greenwich, CT | $0 | $5,637,610 |
Independence Seaport Museum Philadelphia, PA | $22,539,825 | $3,083,203 |
Amigos Del Museo Del Barrio New York, NY | $18,789,462 | $15,193,674 |
Stamford Museum And Nature Center Incorporated Stamford, CT | $11,412,059 | $5,227,746 |
American Museum Of The Moving Image Astoria, NY | $5,870,489 | $5,453,055 |