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BEN FRANKLIN STIMULATES ECONOMIC GROWTH AND INNOVATION IN THE REGION THROUGH INITIATIVES AND PARTNERSHIPS THAT (SEE SCHEDULE O).
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$12.8M
Program Spending
48%
of total expenses go to program services
Total Contributions
$6.3M
Total Expenses
▼$9M
Total Assets
$99.1M
Total Liabilities
▼$15.2M
Net Assets
$83.9M
Officer Compensation
→$1.4M
Other Salaries
$3.8M
Investment Income
$3.6M
Fundraising
▼$0
Tax Year 2022 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $79.9K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
| HORSHAM, PA | $20K | Cash | PRIMA MATCHING FUNDS | |
ALFA VENTILATOR (CARE OF NEXTFAB)23-1352685 | PHILADELPHIA, PA | $10K | Cash | PRIMA MATCHING FUNDS |
TYCHERMONT PRODUCTS (CARE OF ARCHIMEDIC)83-3477107 | WEST CHESTER, PA | $10K | Cash | PRIMA MATCHING FUNDS |
FLOBIO (CARE OF ABSORPTION SYSTEMS)82-2803564 | EXTON, PA | $10K | Cash | PRIMA MATCHING FUNDS |
| PHILADELPHIA, PA | $10K | Cash | PRIMA MATCHING FUNDS | |
| WEST CHESTER, PA | $10K | Cash | PRIMA MATCHING FUNDS | |
| NARBERTH, PA | $9,938 | Cash | PRIMA MATCHING FUNDS | |
| Total | $79.9K | |||
$20K
PHILADELPHIA, PA
$10K
WEST CHESTER, PA
$10K
EXTON, PA
$10K
PHILADELPHIA, PA
$10K
$10K
NARBERTH, PA
$9,938
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2017 | Clean | Unmodified (Clean) | $1.5M | Yes | 2018-01-07 |
| 2016 | Clean | Unmodified (Clean) | $1.4M | Yes | 2016-12-19 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $12.8M | $6.3M | $9M | $99.1M | $83.9M |
| 2022IRS e-File | $8.8M | $7M | $12.7M | $109.5M | $88.8M |
| 2021 | $9.4M | $5.1M | $8.5M | $114.1M | $98M |
| 2020 | $8.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Scott Nissenbaum | President And CEO | 50 | $426K | $0 | $70.3K | $496.3K |
| William Kiesling | Coo/gen'l Counsel/asst Corp Se | 50 | $327.4K | $0 | $35.3K | $362.7K |
| Saniah M Johnson Cpa | Cfo/asst Corporate Treasurer | 50 | $325.1K | $0 | $28.3K | $353.4K |
| Dorthea Chrupcala | Asst Corp Secretary/chief Of S | 35 | $105.5K | $0 | $62.4K | $167.9K |
| Robert Ciaruffoli | Corporate Treasurer & Finance | 2 | $0 | $0 | $0 | $0 |
| Orim Graves | Chair Of The Board | 3 | $0 | $0 | $0 | $0 |
| Denise Devine | Vice-chair Of The Board | 2 | $0 | $0 | $0 | $0 |
| Mr Doc Parghi | Vice-chair Of The Board/invest | 3 | $0 | $0 | $0 | $0 |
| Mindy Posoff | Corporate Secretary | 2 | $0 | $0 | $0 | $0 |
Scott Nissenbaum
President And CEO
$496.3K
Hrs/Wk
50
Compensation
$426K
Related Orgs
$0
Other
$70.3K
William Kiesling
Coo/gen'l Counsel/asst Corp Se
$362.7K
Hrs/Wk
50
Compensation
$327.4K
Related Orgs
$0
Other
$35.3K
Saniah M Johnson Cpa
Cfo/asst Corporate Treasurer
$353.4K
Hrs/Wk
50
Compensation
$325.1K
Related Orgs
$0
Other
$28.3K
Dorthea Chrupcala
Asst Corp Secretary/chief Of S
$167.9K
Hrs/Wk
35
Compensation
$105.5K
Related Orgs
$0
Other
$62.4K
Robert Ciaruffoli
Corporate Treasurer & Finance
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Orim Graves
Chair Of The Board
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Denise Devine
Vice-chair Of The Board
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Mr Doc Parghi
Vice-chair Of The Board/invest
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Mindy Posoff
Corporate Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Margaret Bradley | VP Strategic Initiatives | 40 | $248.5K | $0 | $70.4K | $318.9K |
| Anthony Green | Chief Scientific Officer | 44 | $254.7K | $0 | $63.2K | $317.9K |
| Omar Mencin | Managing Director, Tech Invest | 40 | $274.1K | $0 |
Margaret Bradley
VP Strategic Initiatives
$318.9K
Hrs/Wk
40
Compensation
$248.5K
Related Orgs
$0
Other
$70.4K
Anthony Green
Chief Scientific Officer
$317.9K
Hrs/Wk
44
Compensation
$254.7K
Related Orgs
$0
Other
$63.2K
Omar Mencin
Managing Director, Tech Invest
$294.9K
Hrs/Wk
40
Compensation
$274.1K
Related Orgs
$0
Other
$20.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan J Cohn | Director | 1 | $0 | $0 | $0 | $0 |
| Ami Miron | Director | 1 | $0 | $0 | $0 | $0 |
| Audrey Greenberg | Director (as Of 9/20/2023) | 1 | $0 | $0 | $0 | $0 |
| Elaina Shekhter | Director | 1 | $0 | $0 | $0 | $0 |
| James D Narron | Director | 1 | $0 | $0 | $0 | $0 |
| John Castleman | Director (thru 9/20/23) |
Alan J Cohn
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ami Miron
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Audrey Greenberg
Director (as Of 9/20/2023)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $3.3M |
| $9.7M |
| $94.2M |
| $81.3M |
| 2019 | $15.5M | $4.9M | $7.7M | $95.6M | $85.4M |
| 2018 | $0 | $0 | $8.5M | $78.1M | $68.3M |
| 2017 | $14.1M | $10.1M | $9.8M | $71.2M | $62.3M |
| 2016 | $12.2M | $6.1M | $9.9M | $70.1M | $59.1M |
| 2015 | $11M | $6.3M | $8.9M | $65.7M | $57.7M |
| 2014 | $13.9M | $9.3M | $6.9M | $60.3M | $55.3M |
| 2013 | $9.5M | $7M | $6.5M | $58.2M | $50M |
| 2012 | $11.2M | $8.5M | $5.3M | $52.5M | $47.1M |
| 2011 | $11.2M | $8.9M | $8.4M | $47.7M | $41.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $20.7K |
| $294.9K |
| Jason J Bannon | VP Mktg & Comm. (thru 3/24) | 40 | $221.6K | $0 | $53.9K | $275.5K |
| Richard Genzer | Dir. Of Invest. (thru 6/24) | 40 | $223.1K | $0 | $27.7K | $250.8K |
Jason J Bannon
VP Mktg & Comm. (thru 3/24)
$275.5K
Hrs/Wk
40
Compensation
$221.6K
Related Orgs
$0
Other
$53.9K
Richard Genzer
Dir. Of Invest. (thru 6/24)
$250.8K
Hrs/Wk
40
Compensation
$223.1K
Related Orgs
$0
Other
$27.7K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Leroy Jones | Director | 1 | $0 | $0 | $0 | $0 |
| Mark Redlus | Director | 1 | $0 | $0 | $0 | $0 |
| Matthew Callahan | Director | 1 | $0 | $0 | $0 | $0 |
| Michael Purcell | Director/audit Committee Chair | 2 | $0 | $0 | $0 | $0 |
| Nate Lentz | Director | 1 | $0 | $0 | $0 | $0 |
| Nick Wilkinson | Director/crp Development Chair | 1 | $0 | $0 | $0 | $0 |
| Sushma Rajagopalan | Director | 1 | $0 | $0 | $0 | $0 |
| Timothy Reese | Director/governance Committee | 2 | $0 | $0 | $0 | $0 |
| Tucker Twitmyer | Director | 1 | $0 | $0 | $0 | $0 |
| Vince Rogusky | Director | 1 | $0 | $0 | $0 | $0 |
Elaina Shekhter
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
James D Narron
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Castleman
Director (thru 9/20/23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Leroy Jones
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mark Redlus
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Matthew Callahan
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Purcell
Director/audit Committee Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Nate Lentz
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nick Wilkinson
Director/crp Development Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sushma Rajagopalan
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Timothy Reese
Director/governance Committee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tucker Twitmyer
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Vince Rogusky
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0