Nonprofit · EIN 16-1482563
CENTER FOR TECHNOLOGY & INNOVATION INC
Tax-exempt · BINGHAMTON, NY 13901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $83,263 | $70,567 | $12,696 | $1,336,632 | $83,300 | $1,253,332 |
| December 31, 2023 | 990 | $35,089 | $88,986 | -$53,897 | $1,374,472 | $83,300 | $1,291,172 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $80,872
- Program service revenue
- $2,391
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $11,099
- Salaries, compensation and benefits (total)
- $11,099
- Professional fundraising fees
- $0
- Occupancy
- $13,877
- Travel
- $2,749
- Program services (functional)
- $21,822
- Management and general (functional)
- $48,745
Balance sheet and other
- Total assets, start of year
- $1,374,472
- Total assets, end of year
- $1,336,632
- Total liabilities, end of year
- $83,300
- Net assets, end of year
- $1,253,332
- Land, buildings and equipment
- $543,712
- Net assets without donor restrictions
- $1,253,332
- Gross receipts
- $83,263
- Employees
- 0
- Volunteers
- 125
- Year formed
- 1994
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Sherwood | Executive Director Officer | 25 | $11,099 |
| Erik Antonsson | Board Member Officer | 0.5 | $0 |
| Frank Cardullo | Board Member Officer | 0.5 | $0 |
| Farouk El-baz | Board Member Officer | 0.5 | $0 |
| Frank Hughes | Board Member Officer | 0.5 | $0 |
| Kenneth Mansfield | Board Member Officer | 0.5 | $0 |
| Emily V Wade | Board Member Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Sherwood | Executive Director Officer | 25 | $6,600 |
| Mark Kreibel | Board Member Officer | 1 | $0 |
| Erik Antonsson | Board Member Officer | 0.5 | $0 |
| Frank Cardullo | Board Member Officer | 0.5 | $0 |
| Farouk El-baz | Board Member Officer | 0.5 | $0 |
| Frank Hughes | Board Member Officer | 0.5 | $0 |
| Kenneth Mansfield | Board Member Officer | 0.5 | $0 |
| Emily V Wade | Board Member Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 321 WATER ST, BINGHAMTON, NY 13901-2624
- Principal officer (990 for 2024)
- Center For Technology and Innovation Inc, 321 Water Street, Binghamton, NY 13901
- Signed the 990
- Susan Sherwood, Executive Director
- Phone
- (607) 723-8600
- Website
- www.ctandi.org
Mission
To document and present in context the inventions and industrial innovations of New York's Southern Tier.
Program accomplishments
- Collection Management: IBM and Link/L3/Lockheed Martin veterans keep Artifacts in Action in working order - especially IBM 1401 mainframe and GP Link General Aviation Trainers. Volunteers and Binghamton University students are cataloging and organizing storage of artifacts and archives, including the collection of Harvey Roehl papers. Expenses are about equally divided between restoration costs, artifact purchase, and artifact transportation. These effort contribute to TechWorks! visitor experiences and add educational value to BU students work with Vintage IBM Computing Center (VICC) team, but do not represent an independent revenue stream.Expenses $8,935 · grants $4,100 · revenue $600
- Outreach/Events - TechWorks! co-hosts the annual Binghamton Bridge Pedal with Southern Tier Bicycle Club, Binghamton Metropolitan Transportation Study (BMTS) and Broome County Planning Department. Provide parking for artists performing at BC Forum Theatre. Routine events at TechWorks! include group visits by schools, retiree groups, and professional societies; Python and Unity software classes for teens and adults; as well as lectures for Binghamton University (BU) Computer Science and History of Technology classes. New features at VICC include music played by IBM 1403 printer, new code enabling 1960s IBM System 360 printer to produce pre-digital selfies of visitors, and Pixel Place, with classic consoles for playing vintage video games. In the 10th year of BU-Watson Capstone collaboration, teams embarked on Phase I of Robotic arm/hand for Nintendo Power Glove and IBM 1441 - 1447 Interface projects. Quantities of gift copies of The Great Apollo Train Wreck (2024), Frank Hughes and Spinoff- A Personal History of the Industry that Changed the World (2001) Charles Spork were distributed to teachers and students.Expenses $6,668 · grants $1,297 · revenue $1,762
- TechWorks! Development - TechWorks! Next Gen Vision Statement drafted for review, including condition assessment of historic building being considered for galleries. Development of TechWorks! Next Gen galleries depend on successful fundraising efforts. This is not yet a revenue generating activity.Expenses $6,219 · grants $1,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1482563
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $1,336,632
- Income (IRS master file)
- $83,263
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $83,263 | $70,567 | $1,336,632 | IRS |
| 990 | December 2023 | $35,089 | $88,986 | $1,374,472 | XML |
| 990 | December 2022 | $125,172 | $83,162 | $1,426,076 | IRS |
| 990 | December 2021 | $172,633 | $76,205 | $1,389,279 | IRS |
| 990 | December 2020 | – | – | – | 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 16-1482563).
Questions about CENTER FOR TECHNOLOGY & INNOVATION INC
- What is the EIN of CENTER FOR TECHNOLOGY & INNOVATION INC?
- The employer identification number (EIN) of CENTER FOR TECHNOLOGY & INNOVATION INC is 16-1482563.
- Is CENTER FOR TECHNOLOGY & INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CENTER FOR TECHNOLOGY & INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR TECHNOLOGY & INNOVATION 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 CENTER FOR TECHNOLOGY & INNOVATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR TECHNOLOGY & INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CENTER FOR TECHNOLOGY & INNOVATION INC?
- The 990 for the year ended December 31, 2024 names Center For Technology and Innovation Inc.
- Who are the officers and directors of CENTER FOR TECHNOLOGY & INNOVATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $11,099 (Susan Sherwood, Executive Director).
- How much revenue does CENTER FOR TECHNOLOGY & INNOVATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $83,263, expenses of $70,567 and total assets of $1,336,632 at year end.
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