Overview
What is Long Island High Technology Incubator Inc?
Long Island High Technology Incubator Inc, located at 25 Health Sciences Drive, Stony Brook, NY 11790, is a nonprofit organization dedicated to supporting and stabilizing early-stage, high-risk, high-tech businesses. Its mission is to aid technologically innovative companies in growing by providing them with a range of resources and services. The incubator offers lower-cost space compared to market rates, thereby enhancing the success of development companies. Additionally, its location on the Stony Brook University campus facilitates the transfer of ideas from the university to the private sector, leading to job creation and expansion of the tax base in Long Island and New York State. The incubator supports approximately twenty-five high-tech business organizations in its facilities, contributing to the economic development of the region.
Official website here: www.lihti.org
Is Long Island High Technology Incubator Inc legitimate?
Long Island High Technology Incubator Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Island High Technology Incubator Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $294,691
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,054
For more financial information, click here
Official website here: www.lihti.org
What is the mission statement of Long Island High Technology Incubator Inc?
The Long Island High Technology Incubator Inc., a non-profit organization, is committed to supporting and stabilizing early-stage, high-risk, high-tech businesses. Their mission is to aid technologically innovative companies in their growth by providing various support resources and services. The incubator's attractive setting and location on the Stony Brook University campus facilitate the transfer of ideas from the university to the private sector. As a result of their support, these companies develop, grow, and create jobs, thereby expanding the tax base not only on Long Island but also in New York State.
Official website here: www.lihti.org
Who is the CEO of Long Island High Technology Incubator Inc?
Anilkumar Dhundale is the Secretary of Long Island High Technology Incubator Inc.
Official website here: www.lihti.org
What is the revenue of Long Island High Technology Incubator Inc?
Long Island High Technology Incubator Inc's revenue in 2023 was $2,672,338.
Official website here: www.lihti.org
Who are the executives of Long Island High Technology Incubator Inc and what are their salaries?
- Ryan Welch (Secretary) [Trustee/Director]
- Susan Dibbins (Treasurer) [Trustee/Director]
- David Marcus (Director)
- Kacy Bullard (Director)
- Jon Longtin (Director)
- Nicholas Querues (Director)
- Lyle Gomes (Director)
- Robert Brill (Director)
- Paul Sheiffele (Director)
- Peter Donnelly (Chair) [Trustee/Director]
- Richard Reeder (Ex-Officio, Vice Chair) [Trustee/Director]
- Anil Dhundale (Executive Director)
Official website here: www.lihti.org
Where can I find the form 990 for Long Island High Technology Incubator Inc?
The Long Island High Technology Incubator Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.lihti.org
Learn more at the official website: www.lihti.org
Mission Statement of Long Island High Technology Incubator Inc
The Long Island High Technology Incubator Inc, a non-profit organization, is committed to supporting and stabilizing early-stage, high-risk, high-tech businesses. With a dedication to helping new technologically innovative companies grow, the incubator provides a variety of support resources and services. This organization is not just about providing a space, but it also aims to facilitate the transfer of ideas from the Stony Brook University to the private sector. By doing so, it contributes to the growth of companies within its incubator, which in turn creates job opportunities and expands the tax base on Long Island and in New York State.
Impact
This information is meant to be a general summary of Long Island High Technology Incubator Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Long Island High Technology Incubator Inc plays a significant role in supporting and stabilizing early-stage, high-risk, high-tech businesses. By providing a variety of support resources and services, this organization helps technologically innovative companies grow and develop. Its location on the Stony Brook University campus facilitates the transfer of ideas from the university to the private sector.
The companies that emerge and expand as a result of being part of this incubator contribute to the creation of jobs and the expansion of the tax base in Long Island and New York State. With approximately twenty-five high technology business organizations currently under development within its facilities, Long Island High Technology Incubator Inc plays a crucial role in fostering economic development in the region.
Overall, the impact of Long Island High Technology Incubator Inc extends beyond individual companies to benefit the community by promoting innovation, job creation, and economic growth in Long Island and the state of New York.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME AND SURC
Revenue
$1,820,520
CEBIP SERVICES
Revenue
$13,300
Organization Details
Founding Year
1989
Phone
(631) 444-8800
Principal Officer
Anilkumar Dhundale
Main Address
25 HEALTH SCIENCES DRIVE, STONY BROOK, NY, 11790
Website
www.lihti.org
NTEE Category
Code: S30 - Community improvement
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