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
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Long Island High Technology Incubator Inc is mapped to EIN 113059018.
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13 stored filing years available.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $14.4M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Long Island High Technology Incubator Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Long Island High Technology Incubator Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Long Island High Technology Incubator Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.8M and expenses of $2.4M.
Revenue and Expenses
Long Island High Technology Incubator Inc reported $1.8M in revenue and $2.4M in expenses, a deficit of $573K.
Executive Compensation
Top officer compensation appears as $1.5 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
95/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Long Island High Technology Incubator Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.2M (90%) |
Across stored filings, Long Island High Technology Incubator Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Community Improvement context |
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Long Island High Technology Incubator Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Long Island High Technology Incubator Inc is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-573,078 |
| Total Assets | $16.8M |
| Total Liabilities | $2.4M |
| Net Assets | $14.4M |
| Operating Margin | -31.1% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 83.5 months |
Financial Health Grade: B
In 2024, Long Island High Technology Incubator Inc reported a deficit of $573K with expenses exceeding revenue, holds 83.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Long Island High Technology Incubator Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -31.1% | -8.9% | +175.4% |
| 2023 | -7.7% | -3.3% | -5.2% |
| 2022 | +31.7% | +14.7% | +1.9% |
| 2021 | -10.7% | +5.4% | -4.6% |
| 2020 | +15.9% | +10.0% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $573K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.0%.
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
Is Long Island High Technology Incubator Inc a legitimate charity?
Long Island High Technology Incubator Inc (EIN: 113059018) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Long Island High Technology Incubator Inc spend its money?
Long Island High Technology Incubator Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Long Island High Technology Incubator Inc tax-deductible?
Long Island High Technology Incubator Inc is registered as a tax-exempt nonprofit (EIN: 113059018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Long Island High Technology Incubator Inc CEO make?
Long Island High Technology Incubator Inc's highest-compensated officer earns $1.5 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Long Island High Technology Incubator Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Long Island High Technology Incubator Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Long Island High Technology Incubator Inc located?
Long Island High Technology Incubator Inc is headquartered in Stony Brook, New York and files with the IRS under EIN 113059018. It is classified under NTEE code S30.
How many years of IRS 990 filings does Long Island High Technology Incubator Inc have?
Long Island High Technology Incubator Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Island High Technology Incubator Inc:
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.