Ben Franklin Technology Partners Corporation

Organization Overview

Ben Franklin Technology Partners Corporation is located in Bethlehem, PA. The organization was established in 2004. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ben Franklin Technology Partners Corporation 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 06/2023, Ben Franklin Technology Partners Corporation generated $395.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $395.4k during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT. THE PARTNERS PROVIDE MONETARY, IN KIND, AND OTHER ASSISTANCE TO EDUCATIONAL ORGANIZATIONS AND NEW BUSINESS ENTITIES SEEKING TO LOCATE IN PENNSYLVANIA AND EXISTING BUSINESS ENTITIES LOCATED IN PENNSYLVANIA FOR ADVANCED TECHNOLOGY, RESEARCH AND DEVELOPMENT, TRAINING, EDUCATION, AND RELATED ACTIVITIES, INCLUDING MAKING INVESTMENTS IN OR ACTING AS THE MANAGER OF A FUND CREATED TO SUPPORT SUCH BUSINESS ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC DEVELOPMENT PROGRAMS - IN THE FALL OF 2002, PENNSYLVANIA'S TECHNOLOGY-FOCUSED ECONOMIC DEVELOPMENT COMMUNITY CAME TOGETHER TO FORM THE INNOVATION PARTNERSHIP (IPART). THE PARTNERSHIP'S MISSION IS TO ASSIST PENNSYLVANIA'S EARLY-STAGE TECHNOLOGY COMPANIES TO SECURE A GREATER SHARE OF FEDERAL GRANT DOLLARS TO SUPPORT INNOVATION AND COMMERCIALIZATION. SINCE ITS INCEPTION, THE IPART HAS BENEFITTED FROM MORE THAN $1.5 MILLION IN SUPPORT FROM THE COMMONWEALTH, THE FEDERAL GOVERNMENT, AND PARTNER ORGANIZATIONS. IN ADDITION TO THE COMMONWEALTH'S SUPPORT, THE ORGANIZATION RECEIVED FUNDING FROM THE U.S. SMALL BUSINESS ADMINISTRATION FOR FEDERAL AND STATE TECHNOLOGY PROGRAMS (FAST).


ECONOMIC DEVELOPMENT ACTIVITIES SUPPORTING THE BEN FRANKLIN TECHNOLOGY PARTNERSHIP IN PENNSYLVANIA.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$230,482
Government grants $103,531
All other contributions, gifts, grants, and similar amounts not included above$61,650
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$395,663
Total Program Service Revenue$0
Investment income $4
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 $395,667

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