Business Incubator Association Ofnew York State Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 20-4440469
Organization Overview
Business Incubator Association Ofnew York State Inc is located in Albany, NY. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Incubator Association Ofnew York State Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Business Incubator Association Ofnew York State Inc generated $74.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $108.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TOGETHER A COMMUNITY OF ENGAGED PROGRAM LEADERS OF INCUBATORS, ACCELERATORS, AND CO-WORKING SPACES SPANNING ALL CORNERS OF NEW YORK STATE.
Describe the Organization's Program Activity:
Part 3
ADVOCATE FOR RESOURCES AVAILABLE TO INCUBATOR-BASED ENTERPRISES AND OTHER ISSUES AFFECTING THEM:BIANYS WORKS TO ADVOCATE ON BEHALF OF ITS MEMBERS IN ALBANY AND DC FOR ISSUES RELATED TO ECONOMIC DEVELOPMENT.
PROMOTE ENTREPRENEURIAL ACTIVITIES OF INCUBATORS WITHIN THE STATE WITH RELEVANT PROGRAMMING.2021 PROGRAMS INCLUDE:- INCUBATOR MANAGER & STAFF TRAINING, OTHER RELEVANT WEBINARS- SOFT LANDINGS PROGRAM: DESIGNED TO PROVIDE INTERNATIONAL COMPANIES WITH THE NECESSARY BUSINESS, LEGAL AND OPERATIONAL RESOURCES FOR ESTABLISHING NEW YORK-BASED SUBSIDIARIES. THE BIANYS SOFT LANDINGS PROGRAM WILL EDUCATE, MENTOR AND GUIDE ENTREPRENEURS AND COMPANY REPRESENTATIVES AS THEY DEVELOP BUSINESS PLANS FOR EXPANSION.- PRE-INCUBATION EDUCATION
NETWORK BUSINESS INCUBATORS, INCUBATED COMPANIES, AND OTHERS INTERESTED IN THE INNOVATION ECONOMY OF NEW YORK STATE:2021 VIRTUAL ANNUAL MEETING PANELS:ADVOCATING FOR STARTUPS: WE HEARD FROM SOME OF THE TOP LOBBYISTS AND PROFESSIONALS THAT ADVOCATE FOR THE TOP TECH AND INNOVATION COMPANIES IN THE US ON BEST PRACTICES FOR ADVOCACY FOR STARTUPS AND THE INNOVATION ECONOMY.THE HANDBOOK ON BUSINESS AND TECHNOLOGY INCUBATION/ACCELERATION: WE HOSTED A Q AND A BETWEEN OUR FORMER EXECUTIVE DIRECTOR DAVID HOCHMAN, AND DR. SARFRAZ MIAN FROM SUNY OSWEGO WHO LITERALLY WROTE THE BOOK ON TECHNOLOGY INCUBATION AND ACCELERATION.REGIONAL HOTSPOT ROUNDUP: THE LEADERS OF EACH OF THE 10 REGIONAL INNOVATION HOTSPOTS GAVE US AN UPDATE ON THE LEADING TRENDS AND SUCCESSES IN THEIR RESPECTIVE REGIONS OF NYS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Mulligan Director | 1 | $0 | |
Ebony Miller-Wesley Director | 1 | $0 | |
Jamey Hoose Director | 1 | $0 | |
Deborah Novick Director | 1 | $0 | |
Ariella Trotsenko Director | 1 | $0 | |
Tom Schryver Chair | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,500 |
| Total Program Service Revenue | $24,892 |
| Membership dues | $39,100 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $140 |
| Total Revenue | $74,921 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,775 |
| Professional fees and other payments to independent contractors | $21,970 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $739 |
| Other expenses | $23,870 |
| Total expenses | $108,354 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,245 |
| Other assets | $0 |
| Total assets | $7,245 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,245 |