2025-10-24T14:56:18-05:00 2025-06-30 113066459 CERINI & ASSOCIATES LLP 3340 VETERANS MEMORIAL HWY BOHEMIA NY 11716 990 2024-07-01 113059018 LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC LONG 6314448800 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 ANDREW WOOTEN EXECUTIVE DIRECTOR 6314448800 2025-10-24 1 0 MATTHEW BURKE P00760659 6315821600 2025-10-24 2024 2025-03-06 01:10:19Z ANDREW WOOTEN 25 HEALTH SCIENCES DRIVE STONY BROOK NY 11790 2567247 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. 7 7 0 0 0 0 16000 560000 1824234 2007188 44 59 2 0 1840280 2567247 13462 24410 0 0 932365 767057 0 0 0 1467531 1312958 2413358 2104425 -573078 462822 16794320 16857671 2359347 2205829 14434973 14651842 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 1707876 24410 2007188 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. 42147 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. IN ADDITION, LIHTI ENTERED A SUBCONTRACT WITH ACCELERATE LI TO RUN THE HOT SPOT PROGRAM THROUGH NYSTAR, BEGINNING 1/31/2023. LIHTI VALIDATES COMPANIES FOR ALI AND OFFERS MENTORING AND OTHER INCUBATION SERVICES. ALI IS RESPONSIBLE FOR ALL OF THE ADMINISTRATIVE WORK AND REPORTING TO NYSTAR. LIHTI SUBMITS TWO REPORTS A YEAR TO ALI WHICH COVERS $5,000/YR. OF SALARY/FRINGE AT LIHTI. 1750023 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 0 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 0 0 0 0 0 0 0 X 7 7 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 FACILITES AND OPS. MGR., SECRETARY 40.00 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 NICHOLAS QUERQUES DIRECTOR 0.20 X 0 0 0 PAUL SHEIFFELE DIRECTOR 0.20 X 0 0 0 PETER DONNELLY CHAIR (THROUGH 10/2024) 1.00 X X 0 0 0 ANIL DHUNDALE DIRECTOR 0.20 X 0 0 0 MICHAEL KINCH CHAIR (AS OF 02/2025) 1.00 X X 0 0 0 KEVIN GARDNER DIRECTOR 0.20 X 0 0 0 ANDREW L WOOTEN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 TRANE SERVICE GROUP 2313 S 20TH STREET LA CROSSE WI 54601 HVAC 633974 HI-TECH AIR CONDITIONING 60 OTIS STREET WEST BABYLON NY 117041406 HVAC 251403 MICHAEL PONTI PLUMBING 79 WOODLAKE DRIVE WEST WOODBURY NY 11797 PLUMBING 218850 3 560000 560000 RENTAL INCOME AND SURC 531120 2007188 2007188 2007188 59 59 2567247 2007188 0 59 24410 24410 373594 214413 159181 180505 146504 34001 44617 28435 16182 127483 82192 45291 40858 26040 14818 27751 27751 35600 34908 692 119493 115244 4249 7060 5819 1241 17732 12220 5512 1780 1780 3882 3509 373 2594 2542 52 276309 264495 11814 39640 38839 801 REPAIRS AND MAINTENANCE 387548 382381 5167 UTILITIES 305708 299594 6114 ADMINISTRATIVE 76252 59278 16974 BAD DEBT EXPENSE 9200 9200 2409 2409 2104425 1750023 354402 0 41872 59630 113085 164125 13611995 12650200 19448 1119 24930 26750 15144977 11209295 2971407 3935682 11583 20165 16794320 16857671 309945 253814 1500000 1500000 383959 259418 165443 192597 2359347 2205829 X 2992400 3455221 11442573 11196621 14434973 14651842 16794320 16857671 462822 -245952 0 X X 0 1 X 1 0 X 431038 1036480 832006 16000 560000 2875524 1735018 1815739 1833820 1824234 2007188 9215999 2166056 2852219 2665826 1840234 2567188 12091523 0 0 0 12091523 20 22 56 44 59 201 20 22 56 44 59 201 2305 44108 6456 2 52871 2168381 2896349 2672338 1840280 2567247 12144595 0.99560 0.99550 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: AFFILIATE ID CARDS - 2020 AMOUNT: $ 2,305. 2021 AMOUNT: $ 2,100. IN-KIND CONTRIBUTIONS - 2021 AMOUNT: $ 36,583. SPONSORSHIPS - 2021 AMOUNT: $ 5,425. 2022 AMOUNT: $ 6,425. OTHER - 2022 AMOUNT: $ 31. 2023 AMOUNT: $ 2. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70300 70300 11497338 9884145 1613193 3191859 1122704 2069155 268816 111391 157425 116664 91055 25609 3935682 TENANT SECURITY DEPOSITS 192597 192597 X 3001295 434048 434048 2567247 0 2567247 2784426 680000 680000 2104426 0 2104426 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, 2025 AND 2024. 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 AUDIT COMMITTEE PRESENTS THE FORM AND RECOMMENDATION TO THE BOARD FOR APPROVAL 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.