Erie Technology Incubator Inc
- Assets
- $98.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Erie, PA
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 26-1539652
Organization Overview
Erie Technology Incubator Inc is located in Erie, PA. The organization was established in 2010. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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. Erie 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, Erie Technology Incubator Inc generated $82.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $79.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
THE ERIE TECHNOLOGY INCUBATOR SERVED 26 CLIENT COMPANIES IN FISCAL 2022. THE COMPANIES HAVE CREATED MORE THAN 144 NEW JOBS SINCE THE INCEPTION OF THE INCUBATOR. TO DATE, MORE THAN $46.436 MILLION HAS BEEN INVESTED IN ETI CLIENT COMPANIES BY OUTSIDE INVESTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Gleason Executive Director | 30 | $63,343 | |
Maggie Horne Board Member | 1 | $0 | |
Dr Walter Iwanenko Board Member-Chair | 2 | $0 | |
Jennifer Hoffman Board Member | 1 | $0 | |
Thomas Laird Board Member-Vice Chair | 2 | $0 | |
Deb Lutz Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $82,777 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,777 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,856 |
| Professional fees and other payments to independent contractors | $13,642 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $564 |
| Other expenses | $15,960 |
| Total expenses | $79,022 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,540 |
| Other assets | $0 |
| Total assets | $98,827 |
| Total liabilities | $14,198 |
| Net assets or fund balances | $84,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Trenton Business Assistance Corporation Mercerville, NJ | $91,160,866 | $14,574,637 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Dayton-Miami Valley Entrepreneurs Center Dayton, OH | $1,732,141 | $5,542,266 |
Trickle Up Program Inc New York, NY | $7,710,130 | $4,721,602 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
World Trade Center Small Business Recovery Fund Inc Albany, NY | $0 | $35,625 |
Latin American Venture Capital Association New York, NY | $0 | $1,998,213 |
Prince Georges Financial Services Corporation Largo, MD | $6,191,541 | $2,663,412 |
Cooperative Business Assistance Corporation Camden, NJ | $25,530,921 | $5,424,289 |
Capital Region Minority Supplier Development Council Inc Silver Spring, MD | $1,993,070 | $2,779,986 |