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SOUTHERN TIER HIGH TECHNOLOGY INCUBATOR INC
BINGHAMTON, NY · EIN 800821308 · Form 990 · FY2023 · NTEE B11 · Education · Small ($100K-$1M) · southerntierincubator.com
revenue
$965K
expenses
$1.9M
net assets
$11.2M
employees
0
volunteers
7
program ratio
91%
mission · from form 990

TO FURTHER AND SUPPORT THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ("BINGHAMTON UNIVERSITY") BY CREATING A TECHNOLOGY INCUBATOR CENTER THAT WILL EXPAND THE UNIVERSITY'S RESEARCH AND DEVELOPMENT CAPABILITIES.

profile · synthesized from sources

The Koffman Southern Tier Incubator, located in Binghamton, NY, supports start-up companies by providing workspace, mentorship, and resources to advance innovation and entrepreneurship. Operated by Binghamton University, it serves as a technology incubator focused on fostering early-stage companies, particularly in clean energy and high-tech sectors. The facility spans 35,000 square feet and offers laboratories, co-working spaces, and collaborative environments for startups from both the university and the broader community.

named programs · 3 · from sources

What they call their work

Community Innovation Access
Offers local entrepreneurs and community members opportunities to join the incubator and access university-affiliated resources and networks
Mentorship Network
Connects entrepreneurs with experienced mentors to guide business development, technology commercialization, and funding strategies
Startup Incubation Program
Provides physical space, mentorship, and resources to early-stage startups, including access to laboratories, co-working areas, and business development support
activities · 2 groups

What they do

  • Research Facility Management 1 activity
    • Operate technology incubator facility
      Manages a 35,000 square foot incubator facility in Binghamton, NY, equipped with co-working spaces, offices, and high-tech laboratories to support startup collaboration and innovation.
  • Startup Acceleration & Business Growth Support 1 activity
    • Provide capacity-building resources for startups
      Offers tools and resources designed to support the growth and success of startup companies within the incubator ecosystem.
financials · form 990 · fy2023
revenue
Total revenue$965K
Contributions & grants$450K47%
Program service revenue$489K51%
Investment income$00%
Other revenue$26K
expenses
Total expenses$1.89M
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$213K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$11.48M
Cash$139K
Investments$0
Liabilities$274K
Net assets$11.21M
Liquid reserves0.9 mo
3 years on record · 2020–2023 · YoY revenue +22.8%
leadership · form 990 part vii · fy2023

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
SHEILA DOYLE EXECUTIVE DIRECTOR 6 $338K
board members · 7
  • ALBERT NOCCIOLINO — DIRECTOR
  • BETSY KOFFMAN — PRESIDENT
  • HARVEY STENGER — DIRECTOR
  • HOWARD UNGER — DIRECTOR
  • MARY O'MALLEY-TRUMBLE — VICE-PRESIDENT
  • MARYBETH CURTIN — SECRETARY/TREASURER
  • TONY HAWKINS — DIRECTOR
relationships · 4

Who they work with

  • BAE Systems Partner — Sponsor of the Koffman Southern Tier Incubator.
  • Binghamton University Government — Manages the Koffman Southern Tier Incubator through its Office of Entrepreneurship and Innovation Partnerships.
  • FR Partner — Sponsor of the Koffman Southern Tier Incubator.
  • State University of New York at Binghamton Partner — Collaborates with Binghamton University to support its educational and scientific purposes through a technology incubator center.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • University-Partnered Technology Incubation
    methodology: university-partnered technology incubation
    By co-locating start-ups within a university-affiliated research ecosystem, we accelerate the translation of academic R&D into scalable innovations, because shared infrastructure and collaborative discovery reduce time-to-market and enhance technical validation.