Nonprofit · EIN 20-1326433
BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION
Tax-exempt · BETHLEHEM, PA 18015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $523,364 | $523,364 | $0 | $412,631 | $410,407 | $2,224 |
| June 30, 2024 | 990 | $475,038 | $475,339 | -$301 | $234,173 | $231,949 | $2,224 |
| June 30, 2023 | 990 | $395,667 | $395,363 | $304 | $254,805 | $252,280 | $2,525 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $523,364
- of which government grants
- $263,107
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $283,293
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $13,235
- Travel
- $4,614
- Program services (functional)
- $447,116
- Management and general (functional)
- $76,248
Balance sheet and other
- Total assets, start of year
- $234,173
- Total assets, end of year
- $412,631
- Total liabilities, end of year
- $410,407
- Net assets, end of year
- $2,224
- Net assets without donor restrictions
- $2,224
- Gross receipts
- $523,364
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2004
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ven Raju | Board Member Trustee or director, Officer | 2 | $0 | $569,820 | $55,451 |
| Scott Nissenbaum | Vice President Trustee or director, Officer | 2 | $0 | $453,331 | $46,640 |
| Stephen Brawley | Board Member Trustee or director, Officer | 2 | $0 | $349,720 | $94,774 |
| Angelo J Valletta | President Trustee or director, Officer | 2 | $0 | $353,545 | $26,110 |
| Kathy Ann Minnich | Assistant Treasurer Officer | 2 | $0 | $226,666 | $30,234 |
| Ryan Glenn | Secretary Officer | 2 | $0 | $133,318 | $36,618 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Ven Raju | Board Member Trustee or director, Officer | 2 | $0 | $524,732 | $51,308 |
| Scott Nissenbaum | Vice President Trustee or director, Officer | 2 | $0 | $429,817 | $70,309 |
| Stephen Brawley | Board Member Trustee or director, Officer | 2 | $0 | $247,903 | $108,717 |
| Angelo J Valletta | President Trustee or director, Officer | 2 | $0 | $311,092 | $23,395 |
| Kathy Ann Minnich | Assistant Treasurer Officer | 2 | $0 | $192,584 | $35,365 |
| Ryan Glenn | Secretary Officer | 2 | $0 | $117,524 | $41,450 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Richard Lunak Ended Oct 2022 | Treasurer Trustee or director | 2 | $0 | $513,325 | $52,997 |
| Scott Nissenbaum | Vice President Trustee or director, Officer | 2 | $0 | $394,420 | $54,741 |
| Venkatesh Raju Started Oct 2022 | Board Member Trustee or director, Officer | 2 | $0 | $355,029 | $46,196 |
| Stephen Brawley | Board Member Trustee or director, Officer | 2 | $0 | $233,428 | $98,128 |
| Angelo J Valletta | President Trustee or director, Officer | 2 | $0 | $299,120 | $17,162 |
| Kathy Ann Minnich | Assistant Treasurer Officer | 2 | $0 | $177,041 | $29,864 |
| Ryan Glenn | Secretary Officer | 2 | $0 | $116,588 | $39,332 |
Address and contacts
- Address (IRS master file)
- 116 RESEARCH DR, BETHLEHEM, PA 18015-4731
- Principal officer (990 for 2024)
- Angelo Valletta, 116 Research Drive, Bethlehem, PA 18015
- Signed the 990
- James McManus, Assistant Treasurer
- Phone
- (610) 758-5200
- Website
- www.benfranklin.org
Mission
Economic Development. The Partners provide monetary, in kind, and other assistance to educational organizations and new business entities seeking to locate in Pennsylvania and existing business entities located in Pennsylvania for advanced technology, research and development, training, education and related activities, including making investments in or acting as the manager of a fund created to support such business entities.
Program accomplishments
- Economic Development Programs - In the Fall of 2002, Pennsylvania's technology-focused economic development community came together to form the Innovation Partnership (IPart). The Partnership's mission is to assist Pennsylvania's early-stage technology companies to secure a greater share of Federal grant dollars to support innovation and commercialization. Since its inception, the IPart has benefitted from more than $1.5 million in support from the Commonwealth, the Federal Government, and partner organizations. In addition to the Commonwealth's support, the organization received funding from the U.S. Small Business Administration for federal and state technology programs (FAST).Expenses $283,293 · grants $283,293 · revenue $283,293
- Economic development activities supporting the Ben Franklin Technology Partnership in Pennsylvania.Expenses $163,823 · revenue $163,823
- ..0
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
- 20-1326433
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U12)
- Assets (IRS master file)
- $412,631
- Income (IRS master file)
- $523,364
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $523,364 | $523,364 | $412,631 | XML |
| 990 | June 2024 | $475,038 | $475,339 | $234,173 | XML |
| 990 | June 2023 | $395,667 | $395,363 | $254,805 | XML |
| 990 | June 2022 | $208,636 | $208,628 | $285,120 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 20-1326433).
Questions about BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION
- What is the EIN of BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION?
- The employer identification number (EIN) of BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION is 20-1326433.
- Is BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION 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 PARTNERS CORPORATION 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 PARTNERS CORPORATION 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 PARTNERS CORPORATION?
- The 990 for the year ended June 30, 2025 names Angelo Valletta.
- Who are the officers and directors of BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BEN FRANKLIN TECHNOLOGY PARTNERS CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $523,364, expenses of $523,364 and total assets of $412,631 at year end.
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