BUSINESS INCUBATOR ASSOCIATION OF NEW YORK STATE INC

EIN: 204440469 Community Improvement

ALBANY, NY

Total Revenue
$134,042
Total Expenses
$94,991
Total Assets
$72,763
Net Assets
$51,164
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
MARC ALESSI
Phone
5182070427
Tax Period
2021-01-01 to 2021-12-31

BUSINESS INCUBATOR ASSOCIATION OF NEW YORK STATE INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $134K in total revenue in fiscal year 2021. Revenue surged 333% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 29% operating margin.

Mission

TO BRING TOGETHER A COMMUNITY OF ENGAGED PROGRAM LEADERS OF INCUBATORS, ACCELERATORS AND CO-WORKING SPACES SPANNING ALL CORNERS OF NEW YORK STATE. THIS NETWORK OF DEDICATED LEADERS WORKS TIRELESSLY TO FOSTER A DYNAMIC, DIVERSE, CREATIVE, AND SUCCESSFUL STARTUP ECOSYSTEM SPANNING ALL CORNERS OF THE STATE.

Program Service Accomplishments

Program 1

ADVOCATE FOR RESOURCES AVAILABLE TO INCUBATOR-BASED ENTERPRISES AND OTHER ISSUES AFFECTING THEM:BIANYS WORKS TO ADVOCATE ON BEHALF OF ITS MEMBERS IN ALBANY AND DC FOR ISSUES RELATED TO ECONOMIC...

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ADVOCATE FOR RESOURCES AVAILABLE TO INCUBATOR-BASED ENTERPRISES AND OTHER ISSUES AFFECTING THEM:BIANYS WORKS TO ADVOCATE ON BEHALF OF ITS MEMBERS IN ALBANY AND DC FOR ISSUES RELATED TO ECONOMIC DEVELOPMENT.

Program 2

PROMOTE ENTREPRENEURIAL ACTIVITIES OF INCUBATORS WITHIN THE STATE WITH RELEVANT PROGRAMMING.2021 PROGRAMS INCLUDE:- INCUBATOR MANAGER & STAFF TRAINING, OTHER RELEVANT WEBINARS- SOFT LANDINGS PROGRAM...

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PROMOTE ENTREPRENEURIAL ACTIVITIES OF INCUBATORS WITHIN THE STATE WITH RELEVANT PROGRAMMING.2021 PROGRAMS INCLUDE:- INCUBATOR MANAGER & STAFF TRAINING, OTHER RELEVANT WEBINARS- SOFT LANDINGS PROGRAM: DESIGNED TO PROVIDE INTERNATIONAL COMPANIES WITH THE NECESSARY BUSINESS, LEGAL AND OPERATIONAL RESOURCES FOR ESTABLISHING NEW YORK-BASED SUBSIDIARIES. THE BIANYS SOFT LANDINGS PROGRAM WILL EDUCATE, MENTOR AND GUIDE ENTREPRENEURS AND COMPANY REPRESENTATIVES AS THEY DEVELOP BUSINESS PLANS FOR EXPANSION.- PRE-INCUBATION EDUCATION

Program 3

NETWORK BUSINESS INCUBATORS, INCUBATED COMPANIES, AND OTHERS INTERESTED IN THE INNOVATION ECONOMY OF NEW YORK STATE:2021 VIRTUAL ANNUAL MEETING PANELS:ADVOCATING FOR STARTUPS: WE HEARD FROM SOME OF...

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NETWORK BUSINESS INCUBATORS, INCUBATED COMPANIES, AND OTHERS INTERESTED IN THE INNOVATION ECONOMY OF NEW YORK STATE:2021 VIRTUAL ANNUAL MEETING PANELS:ADVOCATING FOR STARTUPS: WE HEARD FROM SOME OF THE TOP LOBBYISTS AND PROFESSIONALS THAT ADVOCATE FOR THE TOP TECH AND INNOVATION COMPANIES IN THE US ON BEST PRACTICES FOR ADVOCACY FOR STARTUPS AND THE INNOVATION ECONOMY.THE HANDBOOK ON BUSINESS AND TECHNOLOGY INCUBATION/ACCELERATION: WE HOSTED A Q AND A BETWEEN OUR FORMER EXECUTIVE DIRECTOR DAVID HOCHMAN, AND DR. SARFRAZ MIAN FROM SUNY OSWEGO WHO LITERALLY WROTE THE BOOK ON TECHNOLOGY INCUBATION AND ACCELERATION.REGIONAL HOTSPOT ROUNDUP: THE LEADERS OF EACH OF THE 10 REGIONAL INNOVATION HOTSPOTS GAVE US AN UPDATE ON THE LEADING TRENDS AND SUCCESSES IN THEIR RESPECTIVE REGIONS OF NYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $107,190
Program Service Revenue $26,852
Investment Income $0
Other Revenue $0
TOTAL REVENUE $134,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,479
Fundraising Expenses $0
Other Expenses $45,512
TOTAL EXPENSES $94,991

Year-over-Year Comparison

2021 2020 Change
Revenue $134,042 $30,971 +3.3%
Expenses $94,991 $42,510 +1.2%
Net Income $39,051 $-11,539 -4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$45,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM SCHRYVER CHAIR 5.00
Officer Director
$0 $0 $0
STEVEN KUYAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
KATHI DURDON SECRETARY 2.00
Officer Director
$0 $0 $0
THOMAS MURDOCK TREASURER 2.00
Officer Director
$0 $0 $0
BOB HERZ DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY ARYWITZ DIRECTOR 1.00
Director
$0 $0 $0
JAMEY HOOSE DIRECTOR 1.00
Director
$0 $0 $0
ANN-MARIE SCHEIDT DIRECTOR 1.00
Director
$0 $0 $0
ARBER RUCI DIRECTOR 1.00
Director
$0 $0 $0
MARC ALESSI EXECUTIVE DIRECTOR 20.00
Officer
$45,000 $0 $45,000
MADONNA SPITLER DIRECTOR OF OPERATIONS 20.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $134,042 $94,991 $72,763 $39,051
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