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Nonprofiteer
← SOUTHER TIER HIGH TECHNOLOGY INCUBATOR INC

Form 990 for tax year 2024

Filed by SOUTHER TIER HIGH TECHNOLOGY INCUBATOR INC.

Totals

Total revenue
$949,049
Total expenses
$1,826,057
Contributions and grants received
$397,752
Grants paid
$0
Program service revenue
$526,919
Investment income
$0
Other revenue
$24,378
Total assets, end of year
$10,601,124
Total liabilities, end of year
$271,068
Net assets or fund balances, end of year
$10,330,056
Program services expenses (Part IX)
$1,672,284
Management and general expenses
$153,773
Fundraising expenses
$0
Program service expenses (Part III)
$1,672,284

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $249,775

  • 1f · All other contributions, gifts and grants

    $147,977

  • 2a · Program service revenue: INCUBATOR RENT

    total $492,419 · related or exempt $492,419

  • 2b · Program service revenue: EVENTS & SPONSORSHIP

    total $34,500 · related or exempt $34,500

  • 6a · Gross rents

    real property $20,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,000

  • 6d · Net rental income or loss

    total $20,000 · related or exempt $20,000

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,378 · related or exempt $4,378

  • 11e · Other revenue, total

    $4,378

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $207,575 · program services $207,575

  • 11b · Fees: legal

    total $18,579 · management and general $18,579

  • 11c · Fees: accounting

    total $37,600 · management and general $37,600

  • 12 · Advertising and promotion

    total $38,282 · program services $38,282

  • 13 · Office expenses

    total $71,371 · program services $38,828 · management and general $32,543

  • 22 · Depreciation, depletion and amortization

    total $895,676 · program services $850,892 · management and general $44,784

  • 23 · Insurance

    total $41,470 · program services $37,354 · management and general $4,116

  • 24a · Other expenses: RENTAL EXPENSES

    total $323,025 · program services $306,874 · management and general $16,151

  • 24b · Other expenses: BTV ACTIVITY

    total $100,000 · program services $100,000

  • 24c · Other expenses: PROGRAM SUPPORT

    total $53,400 · program services $53,400 · management and general $0

  • 24d · Other expenses: EVENTS

    total $32,379 · program services $32,379

  • 24e · All other expenses

    total $6,700 · program services $6,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,408 · end of year $90,018

  • 4 · Accounts receivable

    beginning of year $106,046 · end of year $138,079

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,343 · end of year $4,579

  • 10a · Land, buildings and equipment: cost or other basis

    $17,985,164

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,616,716

  • 10c · Land, buildings and equipment, net

    beginning of year $11,225,728 · end of year $10,368,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,394 · end of year $106,626

  • 19 · Deferred revenue

    beginning of year $242,067 · end of year $164,442

  • 27 · Net assets without donor restrictions

    beginning of year $11,207,064 · end of year $10,330,056

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

TO 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.

  • 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.

    Expenses $1,672,284 · Revenue $551,297

As filed on the 2024 return.

Listed in Part VII

  • Betsy Koffman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Harvey Stenger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marybeth Curtin

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Howard Unger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mary O'Malley-Trumble

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Albert Nocciolino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sheila Doyle

    EXECUTIVE DIRECTOR

    Total calculated
    $394,544
    From this org
    $0
    From related orgs
    $342,132
    Other
    $52,412
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,594 related
    Bonus
    $0
    Other
    $0 + $41,538 related
    Deferred
    $0 + $39,397 related
    Nontaxable benefits
    $0 + $13,015 related
    Filer's total
    $0 + $394,544 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATION, BINGHAMTON UNIVERSITY, WHICH FOLLOWS NEW YORK STATE POLICY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BINGTECH VENTURES LLC

    C · PROGRAMMATIC INVESTMENTS · NY · 100% owned · share of income $100,000 · share of assets $500,175 · controlled entity

    Directly controlled by SOUTHERN TIER HIGH TECHNOLOGY INCUBATOR INC

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.5
Source object
202631129349301653

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