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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Peninsula Technology Incubator

Peninsula Technology Incubator

Fiscal year ending 2022. Filed on August 11, 2023.

100 Exploration Way 302
Hampton, Virginia 23666

Peninsula Technology Incubator (EIN: 45-5282723), also known as Reaktor Business Technology Innovation Center, has filed an IRS Form 990 from fiscal year 2016–2022. In its fiscal year 2022 IRS Form 990 filing, Peninsula Technology Incubator, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $295,930. The highest compensated employee at Peninsula Technology Incubator is Douglas O Stanley with fiscal year 2022 compensation of $475,902.

Revenue, expenses, and employee compensation

Revenue

$125,858

Expenses

$125,582

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Douglas O Stanley
President and Director
$475,902
$0 $424,336 $51,566
Kerry L Christian
Treasurer
$282,630
$0 $257,830 $24,800
Catherine Hopkins
Director and Secretary FROM 5/18/22
$228,547
$0 $198,984 $29,563
Karl L Drews
Director and Secretary to 5/12/22
$196,642
$0 $169,732 $26,910

Benchmark Employee Compensation

Non-Employee Board Members

Dr Barry L Burks
Director
$5,000
$0 $5,000 No other comp

Contractors

National Institute of Aerospace Associat
Management/Research
$209,820

Mission Statement

THE PENINSULA TECHNOLOGY INCUBATOR (PTI) WAS COMMISSIONED BY THE CITY OF HAMPTON INDUSTRIAL DEVELOPMENT AUTHORITY (HAMPTON IDA) TO NURTURE THE START-UP AND GROWTH OF EMERGING TECHNOLOGY BUSINESSES IN THE HAMPTON ROADS AREA. THE ORGANIZATION PROVIDES STARTUPS WITH THE RESOURCES THEY NEED TO POSITION THEMSELVES AS THEY IMPLEMENT THEIR BUSINESS PLAN AND WORK TOWARDS RAISING CAPITAL.

Revisions to this organization profile

August 11, 2023:
2022 Peninsula Technology Incubator 990 filed
August 10, 2022:
2021 Peninsula Technology Incubator 990 filed
August 12, 2021:
2020 Peninsula Technology Incubator 990 filed

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