Nonprofit · EIN 23-2517422
BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC
Tax-exempt · BETHLEHEM, PA 18015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,833,708 | $11,529,435 | $304,273 | $71,421,350 | $7,194,863 | $64,226,487 |
| June 30, 2024 | 990 | $9,957,018 | $11,762,513 | -$1,805,495 | $66,334,468 | $2,611,706 | $63,722,762 |
| June 30, 2023 | 990 | $9,432,353 | $10,938,433 | -$1,506,080 | $66,138,901 | $5,322,689 | $60,816,212 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,482,493
- of which government grants
- $6,441,833
- Program service revenue
- $1,546,776
- Investment income
- $3,804,439
- Net gain from sales of assets
- $3,338,554
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $368,399
- Compensation of officers, directors and key employees
- $914,684
- Other salaries and wages
- $1,499,088
- Salaries, compensation and benefits (total)
- $2,898,617
- Professional fundraising fees
- $0
- Legal fees
- $22,170
- Accounting fees
- $39,785
- Occupancy
- $1,764,280
- Travel
- $38,005
- Depreciation
- $1,506,573
- Program services (functional)
- $10,005,705
- Management and general (functional)
- $1,507,862
- Fundraising (functional)
- $15,868
Balance sheet and other
- Total assets, start of year
- $66,334,468
- Total assets, end of year
- $71,421,350
- Total liabilities, end of year
- $7,194,863
- Net assets, end of year
- $64,226,487
- Land, buildings and equipment
- $17,208,403
- Publicly traded securities
- $30,618,253
- Net assets without donor restrictions
- $64,226,487
- Gross unrelated business income
- -$97,574
- Gross receipts
- $27,821,461
- Employees
- 20
- Volunteers
- 50
- Year formed
- 1988
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Nathaniel Urban | Board Member Trustee or director | 2 | $0 | $732,579 | $53,362 |
| Angelo J Valletta | CEO/President Officer | 40 | $353,545 | $0 | $26,110 |
| Kathy Ann Minnich | EVP/CAO/CFO/Treasurer/Secy Officer | 40 | $226,666 | $0 | $30,234 |
| Wayne Barz | CIO/Asst Treasurer/Asst Secy Officer | 40 | $174,527 | $0 | $29,636 |
| Kenneth Okrepkie | Regional Mgr Pocono Highest-paid employee | 40 | $136,873 | $0 | $11,330 |
| Melanie Kohler | Chief Technology Officer Highest-paid employee | 40 | $134,637 | $0 | $7,294 |
| LAURA LAWRENCE | DIR. OF COMPLIANCE/RISK/ORG DE Highest-paid employee | 40 | $104,608 | $0 | $16,115 |
| Barbara Lampe | Vice Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Jan Heller | Board Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Kenneth P Guito | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Patricia Johnson | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| R Chadwick Paul Jr | Board Member Trustee or director | 0 | $0 | $0 | $0 |
| Glen Bressner | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Robert Oster | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Dr Jill Murray | Board Member Trustee or director | 2 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Philip Crowley Esq | Board Member Trustee or director | 2 | $0 |
| Jacqueline Hollenbach | Board Member Trustee or director | 2 | $0 |
| Eric Schnabel | BOARD MEMBER Trustee or director | 2 | $0 |
| David Vawdrey | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Nathaniel Urban | Board Member Trustee or director | 2 | $0 | $668,637 | $53,229 |
| Angelo J Valletta | CEO/President Officer | 40 | $311,092 | $0 | $23,395 |
| Kathy Ann Minnich | EVP/CAO/CFO/Treasurer/Secy Officer | 40 | $192,584 | $0 | $35,365 |
| Wayne Barz | CIO/Asst Treasurer/Asst Secy Officer | 40 | $154,669 | $0 | $30,853 |
| Kenneth Okrepkie | Regional Mgr Pocono Highest-paid employee | 40 | $127,707 | $0 | $11,413 |
| Melanie Kohler | Chief Technology Officer Highest-paid employee | 40 | $123,126 | $0 | $9,471 |
| Barbara Lampe | Vice Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Jan Heller | Board Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Kenneth P Guito | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Patricia Johnson | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| R Chadwick Paul Jr | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Glen Bressner | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Robert Oster | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Dr Jill Murray | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Philip Crowley Esq | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Jacqueline Hollenbach | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Eric Schnabel | BOARD MEMBER BEGAN JUNE 2023 Trustee or director | 2 | $0 | $0 | $0 |
| David Vawdrey | BOARD MEMBER BEGAN SEP 2023 Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Nathaniel Urban | Board Member Began Sep 2022 Trustee or director | 2 | $0 | $769,530 | $39,068 |
| Patricia Johnson | Board Member Trustee or director | 2 | $0 | $506,834 | $21,145 |
| Dr Alan J Snyder | Board Member Ended July 2022 Former | 2 | $0 | $441,648 | $45,676 |
| R Chadwick Paul Jr | Board Member Trustee or director | 2 | $356,939 | $0 | $47,145 |
| Angelo J Valletta | CEO/President Officer | 40 | $299,120 | $0 | $17,161 |
| Kathy Ann Minnich | EVP/CAO/CFO/Treasurer/Secy Officer | 40 | $177,041 | $0 | $29,864 |
| Wayne Barz | CIO/Asst Treasurer/Asst Secy Officer | 40 | $147,562 | $0 | $24,575 |
| Kenneth Okrepkie | Regional Mgr Pocono Highest-paid employee | 40 | $123,405 | $0 | $5,348 |
| Melanie Kohler | Chief Technology Officer Highest-paid employee | 40 | $116,613 | $0 | $3,602 |
| Barbara Lampe | Vice Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Jan Heller | Board Chairman Trustee or director | 2 | $0 | $0 | $0 |
| Kenneth P Guito | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Glen Bressner | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Robert Oster | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Dr Jill Murray | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Philip Crowley Esq | Board Member Trustee or director | 2 | $0 | $0 | $0 |
| Jacqueline Hollenbach | Board Member Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 116 RESEARCH DRIVE PLAZA LEVEL, BETHLEHEM, PA 18015-0000
- In care of
- % JAMES MCMANUS
- Principal officer (990 for 2024)
- Angelo J Valletta, 116 Research Drive Plaza Leve, Bethlehem, PA 180154731
- Signed the 990
- JAMES MCMANUS, DIR. FIN./TREASURER
- Phone
- (610) 758-5200
- Website
- www.nep.benfranklin.org
- Return prepared by
- PwC US Tax LLP
Mission
OUR MISSION IS TO PROMOTE, SUSTAIN AND INVEST IN THE TRANSFORMATION OF OUR REGIONAL ECONOMY THROUGH INNOVATION AND PARTNERING. WE BUILD LONG-TERM RELATIONSHIPS WITH OUR CLIENTS BY APPLYING EXPERTISE, CREATIVITY, AND FOCUSED RESOURCES TO ADDRESS BUSINESS CHALLENGES. AS THE COMMONWEALTH'S TECHNOLOGY LEADER, WE LEVERAGE OUR CREDIBILITY AND DISTINCTIVENESS TO PROMOTE HIGH-VALUE BUSINESS GROWTH AND ECONOMIC DEVELOPMENT.
Program accomplishments
- Business and Technical Assistance Projects - Companies are linked with universities, funding and other resources to help them prosper through innovation. The strategy includes developing early-stage, technology-oriented companies and helping established manufacturers creatively apply new technology and business practices.Expenses $5,018,490 · grants $285,899 · revenue $376,466
- Technology Infrastructure Activities - Promoting an innovative community-wide infrastructure that fosters a favorable business environment for high-growth companies. Ben Franklin Technology Partners of NEPA inaugurated one of the first business incubators in the nation in 1983 and managed and developed its award-winning incubator to be among the best. In 2007, BFTP/NEP relocated its original incubator across the street on Lehigh University's Mountaintop Campus to Ben Franklin TechVentures, a former Bethlehem Steel laboratory. The National Business Incubation Association named Ben Franklin TechVentures the 2012 National Incubator of the Year, a remarkable repeat of Ben Franklin's 2001 honor. Ben Franklin TechVentures brings together entrepreneurs, Ben Franklin staff, and Lehigh faculty and students to accelerate the growth of the region's technology economy. In 2010, the Partners purchased the Bloomsburg Innovation Center located in Bloomsburg, PA.Expenses $4,987,215 · grants $82,500 · revenue $1,170,310
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2517422
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S300)
- Assets (IRS master file)
- $71,421,350
- Income (IRS master file)
- $27,821,461
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,833,708 | $11,529,435 | $71,421,350 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $9,957,018 | $11,762,513 | $66,334,468 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $9,432,353 | $10,938,433 | $66,138,901 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $12,276,721 | $7,869,096 | $62,281,890 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2517422).
Questions about BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC
- What is the EIN of BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC?
- The employer identification number (EIN) of BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC is 23-2517422.
- Is BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC?
- The 990 for the year ended June 30, 2025 names Angelo J Valletta.
- Who are the officers and directors of BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC?
- The 990 for the year ended June 30, 2025 lists 19 people; 6 received compensation from the organization.
- How much revenue does BEN FRANKLIN TECHNOLOGY PARTNERS OF NORTHEASTERN PENNSYLVANIA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,833,708, expenses of $11,529,435 and total assets of $71,421,350 at year end.
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