Long Island High Technology Incubator Inc

Long Island High Technology Incubator maintains lean executive compensation while experiencing significant asset growth.

EIN: 113059018 · Stony Brook, NY · NTEE: S30 · Updated: 2026-03-28

$2.6MRevenue

$16.9MAssets

95/100Mission Score (Excellent)

S30

About Long Island High Technology Incubator Inc

Long Island High Technology Incubator Inc (EIN: 113059018) is a nonprofit organization based in Stony Brook, NY, classified under NTEE code S30. The organization reported total revenue of $2.6M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Island High Technology Incubator Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Long Island High Technology Incubator Inc. demonstrates a stable financial history with consistent revenue streams, averaging around $2 million annually over the past decade. While the organization experienced a slight deficit in the most recent filing period (202406) with expenses of $2,413,358 exceeding revenue of $1,840,280, this appears to be an anomaly rather than a trend, as many prior years showed surpluses or near break-even operations. A significant increase in assets from $6,097,369 in 202306 to $16,794,320 in 202406, alongside a rise in liabilities, warrants further investigation to understand the nature of these changes, potentially indicating a major capital investment or project.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting a highly volunteer-driven or lean executive structure. This commitment to minimizing administrative overhead is a positive indicator of resource allocation towards its mission. The lack of reported officer compensation also contributes positively to its transparency profile, as it clearly indicates that no top executives are drawing salaries from the organization's funds.

Overall, the Long Island High Technology Incubator Inc. exhibits sound financial management with a strong focus on its mission, as evidenced by its consistent operations and lack of executive compensation. The recent asset increase is a key area for deeper understanding, but the historical data points to a well-managed and efficient nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Long Island High Technology Incubator Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Long Island High Technology Incubator Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are compensated, which is highly unusual for an organization with annual revenues exceeding $1.5 million and assets in the millions.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Long Island High Technology Incubator Inc's IRS 990 filings:

Significant, unexplained asset increase in the latest filing period (from ~$6M to ~$16M) warrants further scrutiny.

Strengths

The following positive indicators were identified for Long Island High Technology Incubator Inc:

Consistent 0% officer compensation, indicating highly efficient use of funds.
Stable revenue generation over a decade, averaging around $2 million annually.
Strong program focus implied by minimal administrative and fundraising overhead.
Substantial asset base of $16,857,671 provides financial stability.

Frequently Asked Questions about Long Island High Technology Incubator Inc

What caused the significant increase in assets from $6,097,369 in 202306 to $16,794,320 in 202406?

The provided data does not specify the reason for this substantial asset increase. It could be due to a major capital acquisition, a large donation of property, or a revaluation of existing assets. Further investigation into the organization's financial statements would be needed.

How does the organization sustain operations with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are covered by other means not classified as officer compensation, such as through a related entity or by staff not designated as officers. This is a highly efficient model for resource allocation.

Is the recent deficit in 202406 a cause for concern?

While the 202406 filing shows expenses ($2,413,358) exceeding revenue ($1,840,280), this appears to be an isolated event in the provided history, which otherwise shows mostly balanced or surplus operations. Given the substantial increase in assets, this deficit might be related to a one-time investment or operational cost associated with the asset growth, rather than a systemic financial issue.

Filing History

IRS 990 filing history for Long Island High Technology Incubator Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Long Island High Technology Incubator Inc's revenue has grown by 14.3%, moving from $1.6M to $1.8M. Total assets increased by 146.1% over the same period, from $6.8M to $16.8M. Total functional expenses rose by 54.9%, from $1.6M to $2.4M. In its most recent filing year (2024), Long Island High Technology Incubator Inc reported a deficit of $573K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $16.8M in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $14.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$1.8M	$2.4M	$16.8M	$2.4M	—	View 990
2023	$2.7M	$2.6M	$6.1M	$2.5M	—	View 990
2022	$2.9M	$2.7M	$6.4M	$2.9M	—	View 990
2021	$2.2M	$2.4M	$6.3M	$2.9M	—	View 990
2020	$2.5M	$2.3M	$6.6M	$3.0M	—	View 990
2019	$2.1M	$2.1M	$6.3M	$3.0M	—	View 990
2018	$1.9M	$1.9M	$6.4M	$3.1M	—	View 990
2017	$2.0M	$1.8M	$6.5M	$3.2M	—	View 990
2016	$1.7M	$1.7M	$6.3M	$3.1M	—	View 990
2015	$1.7M	$1.8M	$6.3M	$3.1M	—	View 990
2014	$1.6M	$1.9M	$6.5M	$3.2M	—	View 990
2013	$1.8M	$1.8M	$6.7M	$3.1M	—	View 990
2012	$1.6M	$1.6M	$6.8M	$3.2M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $1.8M, expenses of $2.4M, and assets of $16.8M (revenue -31.1% year-over-year).
2023: Revenue of $2.7M, expenses of $2.6M, and assets of $6.1M (revenue -7.7% year-over-year).
2022: Revenue of $2.9M, expenses of $2.7M, and assets of $6.4M (revenue +31.7% year-over-year).
2021: Revenue of $2.2M, expenses of $2.4M, and assets of $6.3M (revenue -10.7% year-over-year).
2020: Revenue of $2.5M, expenses of $2.3M, and assets of $6.6M (revenue +15.9% year-over-year).
2019: Revenue of $2.1M, expenses of $2.1M, and assets of $6.3M (revenue +14.0% year-over-year).
2018: Revenue of $1.9M, expenses of $1.9M, and assets of $6.4M (revenue -6.6% year-over-year).
2017: Revenue of $2.0M, expenses of $1.8M, and assets of $6.5M (revenue +19.0% year-over-year).
2016: Revenue of $1.7M, expenses of $1.7M, and assets of $6.3M (revenue +0.7% year-over-year).
2015: Revenue of $1.7M, expenses of $1.8M, and assets of $6.3M (revenue +2.3% year-over-year).
2014: Revenue of $1.6M, expenses of $1.9M, and assets of $6.5M (revenue -9.9% year-over-year).
2013: Revenue of $1.8M, expenses of $1.8M, and assets of $6.7M (revenue +12.2% year-over-year).
2012: Revenue of $1.6M, expenses of $1.6M, and assets of $6.8M.

Data Sources and Methodology

This transparency report for Long Island High Technology Incubator Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.