LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC
25 HEALTH SCIENCES DRIVE, STONY BROOK, NY 117903350 www.lihti.org

Total Revenue
$2,462,102
Total Expenses
$2,265,730
Net Assets
$3,572,095

Organizations Filed Purposes: TO PROVIDE AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP AND PROMOTE ECONOMIC DEVELOPMENT ON LONG ISLAND.

THE UTILIZATION OF THE INCUBATOR FACILITIES IS INTRINSIC TO THE ACCOMPLISHMENT OF THE ORGANIZATION'S EXEMPT PURPOSE OF ECONOMIC DEVELOPMENT OF LONG ISLAND AND THE STATE OF NEW YORK ECONOMY. APPROXIMATELY THIRTY-TWO 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.

THE GRANT FROM NYSERDA (NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY) PROVIDES FUNDING TO THE ORGANIZATION TO ESTABLISH A CLEAN ENERGY BUSINESS INCUBATOR PROGRAM.

THE GRANT FROM NYSTAR (NEW YORK STATE FOUNDATION FOR SCIENCE, TECHNOLOGY AND INNOVATION) PROVIDES FUNDING TO THE ORGANIZATION TO ESTABLISH AN INNOVATION HOTSPOT PROGRAM.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Matthew StadlerExecutive Dir.0$0
Mary WaltonSecretary0$0
Robert BrillDirector0$0
Paul SheiffeleSecretary0$0
Yusuf HannunDirector0$0
Steve WinickDirector0$0
Michael BernsteinFormer Director0$0
Kenneth KaushanskyDirector0$0
Andrew HazenDirector0$0
Richard ReederVP of Research0$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202121059349301137_public.xml