Nonprofit · EIN 23-2527210
BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,534,909 | $9,300,991 | $6,233,918 | $107,202,070 | $22,739,864 | $84,462,206 |
| June 30, 2024 | 990 | $12,750,140 | $8,983,170 | $3,766,970 | $99,126,229 | $15,231,010 | $83,895,219 |
| June 30, 2023 | 990 | $8,775,159 | $12,726,984 | -$3,951,825 | $109,485,559 | $20,730,725 | $88,754,834 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,676,723
- of which government grants
- $5,476,723
- Program service revenue
- $2,318,297
- Investment income
- $7,362,791
- Net rental income
- $174,848
- Net gain from sales of assets
- $6,663,996
- Other revenue
- $177,098
Expenses
- Grants and similar amounts paid
- $200,000
- Compensation of officers, directors and key employees
- $1,692,746
- Other salaries and wages
- $3,601,574
- Salaries, compensation and benefits (total)
- $6,304,973
- Professional fundraising fees
- $0
- Legal fees
- $76,115
- Accounting fees
- $152,617
- Occupancy
- $442,378
- Travel
- $62,169
- Depreciation
- $22,475
- Program services (functional)
- $4,397,790
- Management and general (functional)
- $4,903,201
Balance sheet and other
- Total assets, start of year
- $99,126,229
- Total assets, end of year
- $107,202,070
- Total liabilities, end of year
- $22,739,864
- Net assets, end of year
- $84,462,206
- Land, buildings and equipment
- $3,515,604
- Publicly traded securities
- $32,087
- Net assets without donor restrictions
- $84,462,206
- Gross receipts
- $19,936,458
- Employees
- 35
- Volunteers
- 99
- 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 | Other / benefits |
|---|---|---|---|---|
| SANIAH M JOHNSON CPA | CFO/ASST CORPORATE TREASURER Officer | 50 | $340,468 | $216,795 |
| SCOTT NISSENBAUM | PRESIDENT AND CEO Trustee or director, Officer | 50 | $445,527 | $46,640 |
| WILLIAM KIESLING | COO/GEN'L COUNSEL/ASST CORP SECRETARY Officer | 50 | $339,071 | $43,744 |
| ANTHONY GREEN | CHIEF SCIENTIFIC OFFICER Highest-paid employee | 44 | $277,647 | $39,498 |
| OMAR MENCIN | MANAGING DIRECTOR, TECH INVESTMENT Highest-paid employee | 40 | $286,192 | $20,350 |
| KATHERINE JORDAN | MANAGING DIRECTOR, HEALTHCARE INVESTMENT Highest-paid employee | 40 | $261,850 | $33,483 |
| MARGARET BRADLEY | VP STRATEGIC INITIATIVES Highest-paid employee | 40 | $245,318 | $46,566 |
| ASTON WILLIAMS | INVESTMENT DIRECTOR Highest-paid employee | 40 | $204,688 | $15,900 |
| DORTHEA CHRUPCALA | ASST CORP SECRETARY/CHIEF OF STAFF Officer | 35 | $113,136 | $35,516 |
| DENISE DEVINE | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| MINDY POSOFF | CORPORATE SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MR DOC PARGHI | VICE-CHAIR OF THE BOARD/INVEST Trustee or director, Officer | 3 | $0 | $0 |
| ORIM GRAVES | CHAIR OF THE BOARD Trustee or director, Officer | 3 | $0 | $0 |
| ROBERT CIARUFFOLI | CORPORATE TREASURER & FINANCE Trustee or director, Officer | 2 | $0 | $0 |
| ALAN J COHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMI MIRON | DIRECTOR Trustee or director | 1 | $0 |
| AUDREY GREENBERG | DIRECTOR Trustee or director | 1 | $0 |
| ELAINA SHEKHTER | DIRECTOR Trustee or director | 1 | $0 |
| JAMES D NARRON | DIRECTOR Trustee or director | 1 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 1 | $0 |
| MARK REDLUS | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW CALLAHAN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL PURCELL | DIRECTOR/AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 |
| NATE LENTZ | DIRECTOR Trustee or director | 1 | $0 |
| NICK WILKINSON | DIRECTOR/CORPORATE DEVELOPMENT CHAIR Trustee or director | 1 | $0 |
| SUSHMA RAJAGOPALAN | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY REESE | DIRECTOR/GOVERNANCE COMMITTEE Trustee or director | 2 | $0 |
| TUCKER TWITMYER | DIRECTOR Trustee or director | 1 | $0 |
| VINCE ROGUSKY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT NISSENBAUM | PRESIDENT AND CEO Trustee or director, Officer | 50 | $425,981 | $70,309 |
| WILLIAM KIESLING | COO/GEN'L COUNSEL/ASST CORP SE Officer | 50 | $327,364 | $35,335 |
| SANIAH M JOHNSON CPA | CFO/ASST CORPORATE TREASURER Officer | 50 | $325,093 | $28,309 |
| MARGARET BRADLEY | VP STRATEGIC INITIATIVES Highest-paid employee | 40 | $248,511 | $70,367 |
| ANTHONY GREEN | CHIEF SCIENTIFIC OFFICER Highest-paid employee | 44 | $254,704 | $63,157 |
| OMAR MENCIN | MANAGING DIRECTOR, TECH INVEST Highest-paid employee | 40 | $274,150 | $20,701 |
| JASON J BANNON | VP MKTG & COMM. (THRU 3/24) Highest-paid employee | 40 | $221,569 | $53,942 |
| RICHARD GENZER | DIR. OF INVEST. (THRU 6/24) Highest-paid employee | 40 | $223,134 | $27,670 |
| DORTHEA CHRUPCALA | ASST CORP SECRETARY/CHIEF OF S Officer | 35 | $105,518 | $62,395 |
| ORIM GRAVES | CHAIR OF THE BOARD Trustee or director, Officer | 3 | $0 | $0 |
| DENISE DEVINE | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| MR DOC PARGHI | VICE-CHAIR OF THE BOARD/INVEST Trustee or director, Officer | 3 | $0 | $0 |
| MINDY POSOFF | CORPORATE SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT CIARUFFOLI | CORPORATE TREASURER & FINANCE Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW CALLAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CASTLEMAN | DIRECTOR (THRU 9/20/23) Trustee or director | 1 | $0 | $0 |
| ALAN J COHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AUDREY GREENBERG | DIRECTOR (AS OF 9/20/2023) Trustee or director | 1 | $0 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATE LENTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMI MIRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES D NARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL PURCELL | DIRECTOR/AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 |
| SUSHMA RAJAGOPALAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK REDLUS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIMOTHY REESE | DIRECTOR/GOVERNANCE COMMITTEE Trustee or director | 2 | $0 | $0 |
| VINCE ROGUSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINA SHEKHTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TUCKER TWITMYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK WILKINSON | DIRECTOR/CRP DEVELOPMENT CHAIR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 30 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT NISSENBAUM | PRESIDENT AND CEO Trustee or director, Officer | 50 | $394,420 | $54,741 |
| WILLIAM KIESLING | COO/GEN'L COUNSEL/ASST CORP SECRETARY Officer | 50 | $297,187 | $33,334 |
| ANTHONY GREEN | CHIEF SCIENTIC OFFICER Highest-paid employee | 44 | $241,211 | $50,759 |
| MARGARET BRADLEY | VP, STRATEGIC INITIATIVES Highest-paid employee | 40 | $237,018 | $52,062 |
| JENNIFER HARTT | DIRECTOR OF INVESTMENTS-LIFE SCIENCES Highest-paid employee | 50 | $258,959 | $17,585 |
| OMAR MENCIN | MANAGING DIRECTOR, TECH INVESTMENT GROUP Highest-paid employee | 40 | $261,096 | $15,293 |
| MARK TRABBOLD | SR VP, STRATEGIC INITIATIVES Highest-paid employee | 38 | $229,720 | $12,448 |
| SANIAH M JOHNSON CPA | CFO/ASST CORPORATE TREASURER Officer | 40 | $136,153 | $5,626 |
| DORTHEA CHRUPCALA | ASST CORP SECRETARY/CHIEF OF STAFF Officer | 35 | $97,942 | $40,993 |
| ORIM GRAVES | CHAIR OF THE BOARD Trustee or director, Officer | 3 | $0 | $0 |
| CHARLES M ROBINS | CHAIR OF THE BOARD (THRU 06/14/23) Trustee or director, Officer | 3 | $0 | $0 |
| DENISE DEVINE | VICE-CHAIR OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| MR DOC PARGHI | VICE-CHAIR OF THE BOARD/INV COMM CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MINDY POSOFF | CORPORATE SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT CIARUFFOLI | CORPORATE TREASURER & FINANCE COMM CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW CALLAHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CASTLEMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALAN J COHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEROY JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATE LENTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMI MIRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES D NARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL PURCELL | DIRECTOR/AUDIT COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 |
| SUSHMA RAJAGOPALAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK REDLUS | DIRECTOR (EFF 3/22/23) Trustee or director | 1 | $0 | $0 |
| TIMOTHY REESE | DIRECTOR/GOVERNANCE COMMITTEE CHAIR Trustee or director | 2 | $0 | $0 |
| VINCE ROGUSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELAINA SHEKHTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TUCKER TWITMYER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICK WILKINSON | DIRECTOR/CORPORATE DEVELOPMENT CHAIR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 MARKET STREET 300, PHILADELPHIA, PA 19103-7240
- In care of
- % SANIAH M JOHNSON
- Principal officer (990 for 2024)
- SCOTT NISSENBAUM, 1600 MARKET STREET 300, PHILADELPHIA, PA 19103
- Signed the 990
- SCOTT NISSENBAUM, PRESIDENT & CEO
- Phone
- (215) 972-6700
- Website
- WWW.SEP.BENFRANKLIN.ORG
- Return prepared by
- BDO USA
Mission
BEN FRANKLIN LEADS THE REGION'S ECONOMIC DEVELOPMENT BY NURTURING AND INVESTING IN INNOVATIVE, EARLY-STAGE COMPANIES, AND PURPOSEFUL INVOLVEMENT IN RELEVANT REGIONAL AND NATIONAL INITIATIVES.
Program accomplishments
- CAPITAL INVESTMENT, BUSINESS, AND TECHNICAL ASSISTANCE: BEN FRANKLIN SEEKS TO CREATE A THRIVING ECONOMY, POWERED BY TECHNOLOGY FOCUSED INNOVATION AND A SUPPORTIVE ECOSYSTEM FOR EARLY-STAGE COMPANIES. BEN FRANKLIN HAS SUPPORTED ENTREPRENEURS BY PROVIDING THE CAPITAL AND TECHNICAL EXPERTISE TO HELP THEM ACHIEVE THEIR VISIONS. BEN FRANKLIN PROVIDES EARLY-STAGE COMPANIES CUSTOMIZED, ONE-ON-ONE REAL-WORLD KNOWLEDGE IN PRODUCT DEVELOPMENT AND COMMERCIALIZATION, MARKETING, FUNDRAISING, ACCOUNTING, OPERATIONS, HUMAN RESOURCES, AND MORE, GIVING ACCESS TO ITS WIDE RANGE OF MENTORING, BUSINESS, AND TECHNOLOGY DEVELOPMENT SERVICES AND ITS EVER-EXPANDING NETWORK OF ADVISORS AND PARTNERS.Expenses $2,835,587 · grants $200,000 · revenue $2,320,547
- TECHNOLOGY & ENTREPRENEURIAL INFRASTRUCTURE: BEN FRANKLIN IMPROVES THE REGION'S ECONOMY THROUGH THE DEVELOPMENT AND SUPPORT OF INFRASTRUCTURE FOR INNOVATION, INCLUDES WORK TO IDENTIFY AND GROW REGIONAL RESOURCES THAT CATALYZE AND DEVELOP REGIONAL TECHNOLOGY ASSETS THAT CAN BECOME PLATFORMS FOR NEW ENTERPRISE GROWTH AND PROVIDE OPPORTUNITIES TO RETAIN AND ATTRACT TALENT. BEN FRANKLIN LEADS AND PARTNERS IN THE FORMATION OF UNIVERSITY-INDUSTRY COMMERCIALIZATION MODELS; IDENTIFIES AND SUPPORTS COMMERCIALIZATION ACCELERATION ENGAGEMENTS BETWEEN TECHNOLOGY DEVELOPMENT RESOURCES AND EMERGING ENTERPRISES; PROVIDES SUPPORT AND/OR MANAGES REGIONAL INCUBATORS AND ACCELERATORS; ENDORSES THE PUBLICATION OF CAPITAL AND TECHNOLOGY REPORTS; ENGAGES IN EFFORTS TO STIMULATE COMPANY FORMATION AMONG WOMEN AND MINORITIES; IS ACTIVE IN THE REGION'S IMPACT INVESTMENT COMMUNITY; AND PARTNERS TO CREATE AN ENVIRONMENT OF INFORMATION EXCHANGE AND INTERACTION VIA SEMINARS AND EVENTS.Expenses $1,562,203
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
- 23-2527210
- 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 (S430)
- Assets (IRS master file)
- $107,202,070
- Income (IRS master file)
- $19,936,458
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,534,909 | $9,300,991 | $107,202,070 | IRS |
| 990 | June 2024 | $12,750,140 | $8,983,170 | $99,126,229 | IRS |
| 990 | June 2023 | $8,775,159 | $12,726,984 | $109,485,559 | XML |
| 990 | June 2022 | $11,508,194 | $7,322,549 | $116,022,723 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-2527210).
Questions about BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA
- What is the EIN of BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA?
- The employer identification number (EIN) of BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA is 23-2527210.
- Is BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA 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 CENTER OF SOUTHEASTERN PENNSYLVANIA 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 CENTER OF SOUTHEASTERN PENNSYLVANIA 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 CENTER OF SOUTHEASTERN PENNSYLVANIA?
- The 990 for the year ended June 30, 2025 names SCOTT NISSENBAUM.
- Who are the officers and directors of BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA?
- The 990 for the year ended June 30, 2025 lists 29 people; 9 received compensation from the organization, the highest $340,468 (SANIAH M JOHNSON CPA, CFO/ASST CORPORATE TREASURER).
- How much revenue does BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,534,909, expenses of $9,300,991 and total assets of $107,202,070 at year end.
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