Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc

Organization Overview

Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc is located in Bethlehem, PA. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Franklin Technology Partners Of Northeastern Pennsylvania 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 06/2020, Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $8.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc has awarded 232 individual grants totaling $4,611,974. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO PROMOTE, SUSTAIN AND INVEST IN THE TRANSFORMATION OF OUR REGIONAL ECONOMY THROUGH INNOVATION AND PARTNERING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 REGIONAL TECHNOLOGY CENTER LOCATED IN BLOOMSBURG, PA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allied Building Corporation
Building Contractor
$6,182,517
Spillman Farmer Architects
Architectural Srvcs
$296,958
Ars Investment Partners
Investment Manager
$104,398
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$4,152,942
Investment income $303,622
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $259,832
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,233,285

Grants Awarded

Over the last fiscal year, Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc has awarded $596,649 in support to 35 organizations.

Grant RecipientAmount

HEYCO

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$37,500

AMERICAN POLARIZERS

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$32,762

B BRAUN

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$25,000

STRUCTURAL SERVICES

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$25,000

SOLO LABORATORIES

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$25,000

COUGLES RECYCLING

PURPOSE: BUSINESS AND TECHNICAL ASSISTANCE

$24,400
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Berks County Community Foundation Inc

Reading, PA

PURPOSE: General operating support

$10,000
The Triskeles Foundation

Glenmoore, PA

PURPOSE: PROGRAM SUPPORT

$5,000
View Grant Recipient Profile

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