NonprofitsBen Franklin Technology Partners Of Northeastern Pennsylvania Inc

Community Improvement & Capacity Building

Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc

BETHLEHEM, PA

Total revenue

$10.0M

Total expenses

$11.8M

Net assets

$63.7M

Grants received

$25K

3 grants

EIN

232517422

Tax year

2023

Mission

Our mission is to promote, sustain and invest in the transformation of our regional economy through innovation and partnering.

Programs

1 program

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.

Expenses: $4.8MGrants: $83K

Financials

FY 2023

Revenue

Contributions & grants$6.8M
Program service revenue$1.3M
Investment income$1.9M
Other revenue
Total revenue$10.0M

Expenses

Grants paid$504K
Salaries & benefits$2.8M
Fundraising$13K
Other expenses$8.4M
Total expenses$11.8M
Total assets$66.3M
Net assets$63.7M

People

18 listed

NameRoleCompensation

Angelo J Valletta

CEO/President

Board

$311K

40 hrs/wk

Kathy Ann Minnich

EVP/CAO/CFO/Treasurer/Secy

Board

$193K

40 hrs/wk

Wayne Barz

CIO/Asst Treasurer/Asst Secy

Board

$155K

40 hrs/wk

R Chadwick Paul Jr

Board Member

Board

2 hrs/wk

Glen Bressner

Board Member

Board

2 hrs/wk

Robert Oster

Board Member

Board

2 hrs/wk

Dr Jill Murray

Board Member

Board

2 hrs/wk

Philip Crowley Esq

Board Member

Board

2 hrs/wk

Jacqueline Hollenbach

Board Member

Board

2 hrs/wk

Eric Schnabel

BOARD MEMBER BEGAN JUNE 2023

Board

2 hrs/wk

Nathaniel Urban

Board Member

Board

2 hrs/wk

David Vawdrey

BOARD MEMBER BEGAN SEP 2023

Board

2 hrs/wk

Barbara Lampe

Vice Chairman

Board

2 hrs/wk

Jan Heller

Board Chairman

Board

2 hrs/wk

Kenneth P Guito

Board Member

Board

2 hrs/wk

Patricia Johnson

Board Member

Board

2 hrs/wk

Kenneth Okrepkie

Regional Mgr Pocono

Staff

$128K

40 hrs/wk

Melanie Kohler

Chief Technology Officer

Staff

$123K

40 hrs/wk

Independent contractors

ARS INVESTMENT PARTNERS

INVESTMENT MANAGER

$181K

BEN FRANKLIN TECH PTRS CENTRAL NO

CONSULTING

$143K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$10K
PROGRAM SUPPORT
2023
$10K
PROGRAM SUPPORT
2023
$5K
PROGRAM SUPPORT
2018

Funded by

$25K from 2 funders · 3 grants · 2018–2023

Ppl Foundation

$20K · 2 grants · 2023

The Triskeles Foundation

$5K · 1 grant · 2018

Details

EIN232517422
NTEE codeS300
Subsection03
Ruling date1989-10
Formed1988
Employees25
Volunteers50
BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC — Mission, Financials & Grants Received | Grantivo