Souther Tier High Technology Incubator Inc

Organization Overview

Souther Tier High Technology Incubator Inc is located in Binghamton, NY. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Souther Tier High Technology Incubator 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 06/2022, Souther Tier High Technology Incubator Inc generated $638.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.6%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE OTO FURTHER AND SUPPORT THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ("BINGHAMTON UNIVERSITY") BY CREATING A TECHNOLOGY INCUBATOR CENTER THAT WILL EXPAND THE UNIVERSITY'S RESEARCH AND DEVELOPMENT CAPABILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FURTHER AND SUPPORT THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ("BINGHAMTON UNIVERSITY") BY CREATING A HIGH TECHNOLOGY INCUBATOR CENTER THAT WILL EXPAND THE UNIVERSITY'S RESEARCH AND DEVELOPMENT CAPABILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Marybeth Curtin
Secretary/treasurer
$0
Harvey Stenger
Vice President
$0
Betsy Koffman
President
$0
Howard Unger
Director
$0
Kevin Drumm
Director
$0
Mary O'malley-Trumble
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rulyn D Graves Dba Rulyn Design Resourc
Furniture
$303,702
Fahs Construction Group Inc
Construction
$3,106,578
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$223,100
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,680
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$234,780
Total Program Service Revenue$378,558
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $20,000
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 $638,015

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Souther Tier High Technology Incubator Inc has recieved totaling $20,000.

Awarding OrganizationAmount
Community Foundation For South Central New York Inc

Johnson City, NY

PURPOSE: BLACK BUSINES ACCELERATOR PROGRAM

$20,000
View Grant Recipient Profile

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