2023-11-15T22:23:09-06:00 2023-06-30 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2022-07-01 113059018 LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC LONG 6314448800 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 ANILKUMAR DHUNDALE EXECUTIVE DIRECTOR 6314448800 2023-11-10 1 ANILKUMAR DHUNDALE 999009999 0 MATTHEW BURKE P00760659 6315821600 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANILKUMAR DHUNDALE 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 2672338 0 X WWW.LIHTI.ORG X 1989 NY SEE SCHEDULE O.THE LONG ISLAND HIGH TECHNOLOGY INCUBATOR (LIHTI) IS A NON-PROFIT ORGANIZATION THAT SUPPORTS AND STABILIZES EARLY-STAGE, HIGH-RISK, HIGH-TECH BUSINESSES. WE ARE DEDICATED TO HELPING NEW TECHNOLOGICALLY-INNOVATIVE COMPANIES GROW BY PROVIDING THEM WITH A VARIETY OF SUPPORT RESOURCES AND SERVICES. IN ADDITION TO ITS BEAUTIFUL SETTING, LIHTI'S LOCATION ON THE STONY BROOK UNIVERSITY CAMPUS ENABLES THE TRANSFER OF IDEAS FROM THE UNIVERSITY TO THE PRIVATE SECTOR. THE COMPANIES THAT DEVELOP AND GROW AS A RESULT OF BEING A PART OF THE INCUBATOR CREATE JOBS AND EXPAND THE TAX BASE ON LONG ISLAND AND IN NEW YORK STATE. 9 9 0 0 0 0 1036480 832006 1815739 1833820 22 56 44108 6456 2896349 2672338 0 139762 0 0 853048 812133 0 0 0 1885473 1696268 2738521 2648163 157828 24175 6430932 6097369 2889629 2531891 3541303 3565478 X SEE SCHEDULE O.THE LONG ISLAND HIGH TECHNOLOGY INCUBATOR (LIHTI) IS A NON-PROFIT ORGANIZATION THAT SUPPORTS AND STABILIZES EARLY-STAGE, HIGH-RISK, HIGH-TECH BUSINESSES. WE ARE DEDICATED TO HELPING NEW TECHNOLOGICALLY-INNOVATIVE COMPANIES GROW BY PROVIDING THEM WITH A VARIETY OF SUPPORT RESOURCES AND SERVICES. IN ADDITION TO ITS BEAUTIFUL SETTING, LIHTI'S LOCATION ON THE STONY BROOK UNIVERSITY CAMPUS ENABLES THE TRANSFER OF IDEAS FROM THE UNIVERSITY TO THE PRIVATE SECTOR. THE COMPANIES THAT DEVELOP AND GROW AS A RESULT OF BEING A PART OF THE INCUBATOR CREATE JOBS AND EXPAND THE TAX BASE ON LONG ISLAND AND IN NEW YORK STATE. 0 0 1436620 1820520 GENERAL INCUBATOR PROGRAM - THE UTILIZATION OF THE INCUBATOR FACILITIES IS INTRINSTIC TO THE ACCOMPLISHMENT OF THE ORGANIZATION'S EXEMPT PURPOSE OF ECONOMIC DEVELOPMENT OF LONG ISLAND AND THE STATE OF NEW YORK ECONOMY. APPROXIMATELY TWENTY-FIVE HIGH TECHNOLOGY BUSINESS ORGANIZATIONS ARE UNDER DEVELOPMENT IN THIS FACILITY. THE ORGANIZATION ENHANCES THE SUCCESS OF DEVELOPMENT COMPANIES BY PROVIDING SPACE AT A MUCH LOWER RATE AS COMPARED TO THE MARKET. 554511 39000 13300 CLEAN ENERGY BUSINESS INCUBATOR PROGRAM (CEBIP) - CEBIP SEEKS TO ADDRESS MANY KEY NEEDS OF AN EARLY-STAGE, ENERGY-BASED TECHNOLOGY BUSINESS. THIS IS PARTICULARLY CRITICAL IN TODAY'S RAPIDLY CHANGING MARKETPLACE. SUPPORTED BY THE NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY (NYSERDA), CEBIP PROVIDES ACCESS TO AN UNSURPASSED TEAM OF PARTNERS AND RESOURCES TO MAXIMIZE THE PROSPECTS FOR NEW BUSINESS VENTURES. CEBIP WILL CONTINUOUSLY WORK TOWARDS THE DEVELOPMENT OF A SUCCESSFUL CLEAN ENERGY ECONOMY ON LONG ISLAND, WITH THE ULTIMATE GOAL OF CREATING NEW JOBS AND MAKING A STRONG ECONOMIC IMPACT HERE IN NEW YORK. 374211 100762 INNOVATION HOTSPOT PROGRAM - THE INNOVATION HOTSPOT PROGRAM IS A GRANT FROM EMPIRE STATE DEVELOPMENT'S DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION ("NYSTAR") TO LIHTI DESIGNATING IT AS ONE OF TEN INNOVATION HOTSPOTS ACROSS NEW YORK STATE. THE PURPOSE OF THE GRANT IS TO AID LIHTI TO REACH A GREATER NUMBER OF EARLY-STAGE COMPANIES. THE FINANCIAL SUPPORT MAY BE USED FOR PHYSICAL SPACE, SHARED ADMINISTRATIVE STAFF, ACCESS TO CAPITAL, COACHING, MENTORING, NETWORKING CONNECTIONS, PROTOTYPE DEVELOPMENT, AND ACCESS TO OTHER TECHNICAL SERVICES. INNOVATION HOTSPOTS ALSO OFFERS TAX BENEFITS TO PARTICIPATING COMPANIES. LIHTI IS SPECIFICALLY USING THE GRANT TO REIMBURSE QUALIFIED PROTOTYPING, INTELLECTUAL PROPERTY ("IP"), SMALL BUSINESS INNOVATION RESEARCH ("SBIR"), AND MARKETING EXPENSES FROM PARTICIPATING COMPANIES AND TO FINANCIALLY SUPPORT THE ADMINISTRATION OF THE GRANT AND DELIVERY OF MARKETING AND BUSINESS MENTORING STAFF SERVICES. 2365342 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X RYAN WELCH 6314448800 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 X RYAN WELCH SECRETARY 37.50 X X 0 0 0 SUSAN DIBBINS TREASURER 4.00 X X 0 0 0 DAVID MARCUS DIRECTOR 0.20 X 0 0 0 KACY BULLARD DIRECTOR 0.20 X 0 0 0 JON LONGTIN DIRECTOR 0.20 X 0 0 0 NICHOLAS QUERUES DIRECTOR 0.20 X 0 0 0 LYLE GOMES DIRECTOR 0.20 X 0 0 0 ROBERT BRILL DIRECTOR 0.20 X 0 0 0 PAUL SHEIFFELE DIRECTOR 0.20 X 0 0 0 PETER DONNELLY CHAIR 1.00 X X 0 0 0 RICHARD REEDER EX-OFFICIO, VICE CHAIR 0.20 X X 0 0 0 ANIL DHUNDALE EXECUTIVE DIRECTOR 37.50 X 0 0 0 0 0 0 0 0 0 0 0 832006 832006 RENTAL INCOME AND SURC 531120 1820520 1820520 CEBIP SERVICES 531120 13300 13300 1833820 56 56 SPONSORSHIP 900099 6425 6425 OTHER INCOME 900099 31 31 6456 2672338 1840276 0 56 139762 139762 294691 193481 101210 287054 260049 27005 213800 166207 47593 16588 12895 3693 12447 1867 10580 15000 15000 180010 178510 1500 43031 39031 4000 5317 3510 1807 9307 9115 192 13666 13664 2 5073 4971 102 426046 417501 8545 35583 34871 712 UTILITIES 442943 434085 8858 REPAIRS AND MAINTENANCE 338514 318160 20354 ADMINISTRATIVE 120575 117085 3490 LOSS ON DISPOSALS OF FI 26672 211 26461 22084 20367 1717 2648163 2365342 282821 0 39217 54076 206181 106189 2414350 2504610 39398 219466 12904 13722664 10535639 3546408 3187025 185378 13099 6430932 6097369 355289 343671 1500000 1500000 629354 507267 404986 180953 2889629 2531891 X 3541303 3565478 3541303 3565478 6430932 6097369 24175 0 X X 0 1 X 1 0 X 503462 756071 431038 1036480 832006 3559057 1620236 1705047 1735018 1815739 1833820 8709860 2123698 2461118 2166056 2852219 2665826 12268917 0 0 0 12268917 49 49 20 22 56 196 49 49 20 22 56 196 1190 935 2305 44108 6456 54994 2124937 2462102 2168381 2896349 2672338 12324107 0.99550 0.99550 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: AFFILIATE ID CARDS - 2018 AMOUNT: $ 1,190. 2019 AMOUNT: $ 935. 2020 AMOUNT: $ 2,305. 2021 AMOUNT: $ 2,100. 2022 AMOUNT: $ 0. IN-KIND CONTRIBUTIONS - 2021 AMOUNT: $ 36,583. 2022 AMOUNT: $ 0. SPONSORSHIPS - 2021 AMOUNT: $ 5,425. 2022 AMOUNT: $ 6,425. OTHER - 2022 AMOUNT: $ 31. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70300 70300 11497338 9421538 2075800 1867801 966707 901094 170560 69757 100803 116665 77637 39028 3187025 TENANT SECURITY DEPOSITS 180953 180953 X 2699922 27584 27584 2672338 0 2672338 2675747 27584 27584 2648163 0 2648163 PART X, LINE 2: LIHTI EVALUATED ITS ACTIVITIES FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN DURING THE YEARS ENDED JUNE 30, 2023 AND 2022. 1 AWE TECHNOLOGIES LLC (IWW) - HOTSPOT 261 WEST MAIN STREET BAY SHORE NY 11706 824121364 15000 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. CHANGE IMPACT (IDEAHUB) - HOTSPOT PO BOX 294 EAST ROCKAWAY NY 11518 834649551 10000 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. LISMIKRO - HOTSPOT 2 FIELDHOUSE AVENUE EAST SETAUKET NY 11733 863855200 9768 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. NAVISECT INC (IWW) - HOTSPOT 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 834646047 15000 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. SEN-JAM PHARMA (IWW) - HOTSPOT 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 822750291 14967 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. SHARPER SENSE (IWW) - HOTSPOT 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 845017718 10000 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. SOMNIAL BIO (IWW) - HOTSPOT 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 874772816 16630 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. UNIQUE ELECTRIC SOLUTIONS INCORPORATED - CEBIP 34 EAST MAIN STREET SUITE 313 SMITHTOWN NY 11787 472945768 39000 0 SUPPORT THE COMPANY'S LASER WELDING MANUFACTURING PROJECT. VOLTAIR POWER (CEBIP) - HOTSPOT 76 SOUTH STREET OYSTER BAY NY 11771 873077137 9396 0 ASSIST EARLY STAGE TECHNOLOGY STARTUPS WITH IP LEGAL, MANUFACTURING/ENGINEERING AND MARKETING EXPENSES. PART I, LINE 2: FOR HOTSPOT GRANTS, THERE IS A 50/50 COST SHARE FOR THREE CATEGORIES: IP LEGAL SUPPORT UP TO $15,000 PER YEAR, MANUFACTURING/ENGINEERING SUPPORT UP TO $5,000 PER YEAR, AND WEBSITE/MARKETING SUPPORT UP TO $5,000 PER YEAR. FOR CEBIP GRANTS, THERE IS A GRANT AGREEMENT WHERE PAYMENTS ARE MADE AFTER CONTRACT MILESTONES ARE ACHIEVED. X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO MEMBERS: STONY BROOK FOUNDATION, INC. AND THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK. FORM 990, PART VI, SECTION A, LINE 7A LIHTI'S MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PROVIDED TO THE AUDIT COMMITTEE. THE AUDIT COMMITTEE REVIEWS THE FORM AND ONCE SATISFIED WITH ITS CONTENTS, THE COMMITTEE APPROVES IT FOR FILING ON BEHALF OF THE BOARD. A COPY OF THE FORM IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS SIGNED BY ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY. THE AUDIT COMMITTEE REVIEWS ALL CONFLICT OF INTEREST DISCLOSURES ANNUALLY AND IMPLEMENTS CONFLICT OF INTEREST MANAGEMENT PLANS AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR AND TOP MANAGEMENT OFFICIAL COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD, OR BOARD OF DIRECTORS AT LARGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.