Nonprofit · EIN 11-3059018
LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC
Tax-exempt · STONY BROOK, NY 11790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,567,247 | $2,104,425 | $462,822 | $16,857,671 | $2,205,829 | $14,651,842 |
| June 30, 2024 | 990 | $1,840,280 | $2,413,358 | -$573,078 | $16,794,320 | $2,359,347 | $14,434,973 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $560,000
- Program service revenue
- $2,007,188
- Investment income
- $59
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $24,410
- Compensation of officers, directors and key employees
- $373,594
- Other salaries and wages
- $180,505
- Salaries, compensation and benefits (total)
- $767,057
- Professional fundraising fees
- $0
- Legal fees
- $27,751
- Accounting fees
- $35,600
- Travel
- $1,780
- Depreciation
- $276,309
- Program services (functional)
- $1,750,023
- Management and general (functional)
- $354,402
Balance sheet and other
- Total assets, start of year
- $16,794,320
- Total assets, end of year
- $16,857,671
- Total liabilities, end of year
- $2,205,829
- Net assets, end of year
- $14,651,842
- Land, buildings and equipment
- $3,935,682
- Net assets without donor restrictions
- $3,455,221
- Net assets with donor restrictions
- $11,196,621
- Gross receipts
- $2,567,247
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- NY
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 |
|---|---|---|---|
| RYAN WELCH | FACILITES AND OPS. MGR., SECRETARY Trustee or director, Officer | 40 | $0 |
| SUSAN DIBBINS | TREASURER Trustee or director, Officer | 4 | $0 |
| DAVID MARCUS | DIRECTOR Trustee or director | 0.2 | $0 |
| KACY BULLARD | DIRECTOR Trustee or director | 0.2 | $0 |
| NICHOLAS QUERQUES | DIRECTOR Trustee or director | 0.2 | $0 |
| PAUL SHEIFFELE | DIRECTOR Trustee or director | 0.2 | $0 |
| PETER DONNELLY | CHAIR (THROUGH 10/2024) Trustee or director, Officer | 1 | $0 |
| ANIL DHUNDALE | DIRECTOR Trustee or director | 0.2 | $0 |
| MICHAEL KINCH | CHAIR (AS OF 02/2025) Trustee or director, Officer | 1 | $0 |
| KEVIN GARDNER | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDREW L WOOTEN | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN WELCH | FACILITES AND OPS. MGR., SECRETARY Trustee or director, Officer | 40 | $0 |
| SUSAN DIBBINS | TREASURER Trustee or director, Officer | 4 | $0 |
| DAVID MARCUS | DIRECTOR Trustee or director | 0.2 | $0 |
| KACY BULLARD | DIRECTOR Trustee or director | 0.2 | $0 |
| JON LONGTIN | DIRECTOR (RESIGNED 12/23) Trustee or director | 0.2 | $0 |
| NICHOLAS QUERQUES | DIRECTOR Trustee or director | 0.2 | $0 |
| LYLE GOMES | DIRECTOR (RESIGNED 12/23) Trustee or director | 0.2 | $0 |
| ROBERT BRILL | DIRECTOR (RESIGNED 9/23) Trustee or director | 0.2 | $0 |
| PAUL SHEIFFELE | DIRECTOR Trustee or director | 0.2 | $0 |
| PETER DONNELLY | CHAIR Trustee or director, Officer | 1 | $0 |
| RICHARD REEDER | EX-OFFICIO,VICE CHAIR(RESIGNED 7/23) Trustee or director, Officer | 0.2 | $0 |
| ANIL DHUNDALE | RESIGNED AS ED, BACK TO BOD 11/23 Trustee or director, Officer | 1 | $0 |
| MIGUEL GARCIA-DIAZ | EX-OFFICIO, DIRECTOR (RESIGNED 5/24) Trustee or director | 0.2 | $0 |
| KEVIN GARDNER | DIRECTOR Trustee or director | 0.2 | $0 |
| ANDREW L WOOTEN | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 25 HEALTH SCIENCES DRIVE, STONY BROOK, NY 11790-3350
- Principal officer (990 for 2024)
- ANDREW WOOTEN, 25 HEALTH SCIENCES DRIVE, STONY BROOK, NY 11790
- Signed the 990
- ANDREW WOOTEN, EXECUTIVE DIRECTOR
- Phone
- (631) 444-8800
- Website
- WWW.LIHTI.ORG
- Return prepared by
- CERINI & ASSOCIATES LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,707,876 · grants $24,410 · revenue $2,007,188
- 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.Expenses $42,147
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
- 11-3059018
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $16,857,671
- Income (IRS master file)
- $2,567,247
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,567,247 | $2,104,425 | $16,857,671 | XML |
| 990 | June 2024 | $1,840,280 | $2,413,358 | $16,794,320 | XML |
| 990 | June 2023 | $2,672,338 | $2,648,163 | $6,097,369 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | 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 11-3059018).
Questions about LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC
- What is the EIN of LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC?
- The employer identification number (EIN) of LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC is 11-3059018.
- Is LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LONG ISLAND HIGH TECHNOLOGY INCUBATOR 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 LONG ISLAND HIGH TECHNOLOGY INCUBATOR 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 LONG ISLAND HIGH TECHNOLOGY INCUBATOR 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 LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC?
- The 990 for the year ended June 30, 2025 names ANDREW WOOTEN.
- Who are the officers and directors of LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does LONG ISLAND HIGH TECHNOLOGY INCUBATOR INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,567,247, expenses of $2,104,425 and total assets of $16,857,671 at year end.
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