2025-03-18T09:16:34-07:00 2024-06-30 990 2023-07-01 201326433 BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION BENF 6107585200 116 Research Drive Bethlehem PA 180154731 Kathy Ann Minnich Assistant Treasurer 6107585230 2025-02-28 1 2023 2025-03-06 01:10:19Z Angello J Valletta 116 Research Drive Bethlehem PA 18015 475038 0 X www.benfranklin.org X 2004 PA 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. 4 0 0 12 0 0 395663 475038 0 0 4 0 0 0 395667 475038 165181 254842 0 0 0 0 0 0 0 230182 220497 395363 475339 304 -301 254805 234173 252280 231949 2525 2224 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. 0 0 254842 254842 254842 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). 144429 0 144429 Economic development activities supporting the Ben Franklin Technology Partnership in Pennsylvania. 0 0 0 .. 0 0 0 399271 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 1 0 0 0 PA X Kathy Ann Minnich 6107585230 116 Research Drive Bethlehem PA 180154731 X Ven Raju Board Member 2 40 X X 0 524732 51308 Scott Nissenbaum Vice President 2 40 X X 0 429817 70309 Stephen Brawley Board Member 2 40 X X 0 247903 108717 Angelo J Valletta President 2 40 X X 0 311092 23395 Kathy Ann Minnich Assistant Treasurer 2 40 X 0 192584 35365 Ryan Glenn Secretary 2 40 X 0 117524 41450 0 1823652 330544 0 0 1 0 0 0 0 0 220197 198354 56487 0 475038 0 0 0 0 0 0 0 475038 0 0 0 X 254842 254842 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12850 0 12850 0 60000 0 60000 0 0 0 0 0 0 0 79759 79759 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3220 3220 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2088 0 2088 0 Software Subscription 51850 51850 0 0 Conference Sponsorship and Membership Dues 9600 9600 0 0 Miscellaneous 1130 0 1130 0 475339 399271 76068 0 0 0 37479 136149 125000 0 92326 88774 0 0 0 0 0 0 0 0 0 9250 0 0 0 0 0 0 0 0 0 0 254805 234173 37500 151756 125000 0 89780 80193 0 0 0 0 0 0 0 0 0 0 0 0 252280 231949 X 2525 2224 0 0 2525 2224 254805 234173 -301 0 0 0 0 0 X X 0 1 X 1 0 X X 4 Innovation Works Inc 251588611 7 1 49993 0 BFTP NEPA 232517422 7 1 70218 0 BFTP CNPA 251618093 7 1 49993 0 BFTP SEPA 232527210 7 1 49993 0 4 220197 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section B, Line 1 The Board of Directors consists of 1 representative from each supporting organization. 0 0 0 0 0 0 1 60000 0 0 60000 0 Schedule C, Part II-B, Line 1 Federal Legislative Visits. 0 0 X 475038 0 0 0 0 0 475038 0 0 0 475038 475339 0 0 0 0 0 475339 0 0 0 475339 Schedule D, Part X, Line 2 The Corporation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code, except for taxes on income from activities unrelated to their exempt purpose. The Corporation uses a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The Corporation has no uncertain income tax provisions meeting the threshold for accrual in the year ended June 30, 2024. 1 Ben Franklin Technology Partners CNP 115 Technology Center University Park PA 16082 251618093 501 (c)(3) 254842 0 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). 1 0 Schedule I, Part I, Line 2 Project Managers are assigned to manage financial reporting and on site monitoring. 0 0 0 0 0 0 0 0 0 Scott Nissenbaum Vice President 0 333251 0 92730 0 3836 0 27089 0 43220 0 500126 0 Kathy Ann Minnich Assistant Treasurer 0 191475 0 0 0 1109 0 19685 0 15680 0 227949 0 0 Angelo J Valletta President 0 309781 0 0 0 1311 0 21920 0 1475 0 334487 0 0 Stephen Brawley Board Member 0 250572 0 0 0 -2669 0 100116 0 8601 0 356620 0 0 Ryan Glenn Secretary 0 128220 0 0 0 -10696 0 11912 0 29538 0 158974 0 0 Ven Raju Board Member 0 396357 0 128375 0 0 0 39600 0 12050 0 576382 0 0 Form 990, Part VI, Section A, Line 8b The Board of Directors handles oversight. There are no committees. Form 990, Part VI, Section A, Line 9 Stephen Brawley, Ben Franklin Technology Partners of CNPA, 115 Technology Center, University Park, PA 16802 - Ven Raju, Innovation Works Inc, Two Allegheny Center, Suite 100 Pittsburgh, PA 15212 - Scott Nissenbaum, Ben Franklin Technology Partners of SEPA 4801 South Broad Street, Philadelphia, PA 19112. Form 990, Part VI, Section B, Line 11b The 990 was sent to the board members for their review prior to submission. Form 990, Part VI, Section B, Line 12b The 990 was sent to the board members for their review prior to submission. Form 990, Part VI, Section B, Line 12c Conflicts are reviewed at each related organization's board level for conflict of interest. Form 990, Part VI, Section C, Line 19 The organization sends a copy of the 990 and 1023 upon request. Form 990, Part VII, Section A, Line 1a All directors and officers are full time employees at their respective organizations. Those listed in Part VII relate to the filing organization. Form 990, Part IX, Line 11g Miscellaneous Consultants were used for the program. Form 990, Part IX, Line 24e Software subscription. Form 990, Part XII, Line 2c The Board of Directors handles oversight. There are no committees. Ben Frankin Technology Partners of CNP 115 Technology Center University Park PA 16802 251618093 Economic Development PA 501(c)(3) 509(a)(1) N/A 0 Ben Franklin Technology Partners of NEP 116 Research Drive Bethlehem PA 18015 232517422 Economic Development PA 501(c)(3) 509(a)(1) N/A 0 Ben Franklin Technology Partners of SEP 4801 South Broad Street Suite 200 Philadelphia PA 19112 232527210 Economic Development PA 501(c)(3) 509(a)(1) N/A 0 Innovation Works Inc Two Allegheny Center Suite 100 Pittsburgh PA 15212 251588611 Economic Development PA 501(c)(3) 509(a)(1) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 Ben Frankin Technology Partners of CNP b 254842 Contracted grant. Ben Frankin Technology Partners of CNP q 55050 Expense reimbursement. Ben Franklin Technology Partners of NEP q 55049 Expense reimbursement. Ben Franklin Technology Partners of SEP q 55049 Expense reimbursement. Innovation Works Inc q 55049 Expense reimbursement.