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Nonprofiteer
← INNOVATE PGH PARTNERSHIP

Form 990 for tax year 2023

Filed by INNOVATE PGH PARTNERSHIP.

Totals

Total revenue
$2,010,753
Total expenses
$3,075,399
Contributions and grants received
$1,658,246
Grants paid
$287,644
Program service revenue
$349,838
Investment income
$315
Other revenue
$2,354
Total assets, end of year
$980,198
Total liabilities, end of year
$752,827
Net assets or fund balances, end of year
$227,371
Program services expenses (Part IX)
$2,681,945
Management and general expenses
$369,603
Fundraising expenses
$23,851
Program service expenses (Part III)
$2,681,945

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $918,853

  • 1f · All other contributions, gifts and grants

    $739,393

  • 2a · Program service revenue: RENTAL INCOME

    total $317,437 · related or exempt $317,437

  • 2b · Program service revenue: SHARED SERVICES INCOME

    total $17,305 · related or exempt $17,305

  • 2c · Program service revenue: CRAIG STREET MARKET

    total $9,470 · related or exempt $9,470

  • 2d · Program service revenue: MOVEPGH INCOME

    total $5,328 · related or exempt $5,328

  • 2e · Program service revenue: PROGRAM SERVICE REVENU

    total $298 · related or exempt $298

  • 3 · Investment income

    total $315 · excluded $315

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,354 · related or exempt $2,354

  • 11e · Other revenue, total

    $2,354

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $287,644 · program services $287,644

  • 5 · Compensation of officers, directors and key employees

    total $163,190 · program services $138,711 · management and general $20,399 · fundraising $4,080

  • 7 · Other salaries and wages

    total $603,375 · program services $512,869 · management and general $75,422 · fundraising $15,084

  • 8 · Pension plan contributions

    total $23,006 · program services $20,705 · management and general $2,301

  • 9 · Other employee benefits

    total $39,097 · program services $31,211 · management and general $7,886

  • 10 · Payroll taxes

    total $65,018 · program services $58,516 · management and general $6,502

  • 11c · Fees: accounting

    total $24,358 · management and general $24,358

  • 11d · Fees: lobbying

    total $6,000 · program services $6,000

  • 11g · Fees: other

    total $846,723 · program services $846,723

  • 12 · Advertising and promotion

    total $71,512 · program services $67,936 · fundraising $3,576

  • 13 · Office expenses

    total $44,631 · program services $26,780 · management and general $17,851

  • 14 · Information technology

    total $22,220 · program services $18,887 · management and general $2,222 · fundraising $1,111

  • 16 · Occupancy

    total $299,307 · program services $295,760 · management and general $3,547

  • 17 · Travel

    total $43,833 · program services $43,833

  • 19 · Conferences, conventions and meetings

    total $2,406 · program services $2,406

  • 22 · Depreciation, depletion and amortization

    total $34,909 · management and general $34,909

  • 23 · Insurance

    total $12,105 · management and general $12,105

  • 24a · Other expenses: PROJECT EXPENSES

    total $153,437 · program services $153,437

  • 24b · Other expenses: INDIRECT COSTS

    total $104,844 · management and general $104,844

  • 24c · Other expenses: SHARED SERVICES

    total $84,000 · program services $42,000 · management and general $42,000

  • 24d · Other expenses: SPONSORSHIP

    total $57,865 · program services $57,865

  • 24e · All other expenses

    total $85,919 · program services $70,662 · management and general $15,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,206 · end of year -$946

  • 4 · Accounts receivable

    beginning of year $772,474 · end of year $410,513

  • 10a · Land, buildings and equipment: cost or other basis

    $657,919

  • 10b · Land, buildings and equipment: accumulated depreciation

    $234,431

  • 10c · Land, buildings and equipment, net

    beginning of year $374,852 · end of year $423,488

  • 15 · Other assets

    beginning of year $328,154 · end of year $147,143

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,127 · end of year $454,580

  • 19 · Deferred revenue

    beginning of year $11,250 · end of year $89,811

  • 25 · Other liabilities

    beginning of year $334,292 · end of year $208,436

  • 27 · Net assets without donor restrictions

    beginning of year $383,223 · end of year $30,780

  • 28 · Net assets with donor restrictions

    beginning of year $908,794 · end of year $196,591

Mission and programs · 2023

Mission

A NEXT GENERATION PUBLIC-PRIVATE PARTNERSHIP - POWERED BY A COALITION OF CIVIC INSTITUTIONS REPRESENTING THE REGION'S UNIVERSITY, BUSINESS, PHILANTHROPIC, AND GOVERNMENT LEADERSHIP - TO ACCELERATE PITTSBURGH'S STATUS AS A GLOBAL INNOVATION CITY.

  • PROMOTE INCLUSIVE INNOVATION, RESPONSIBLE NEIGHBORHOOD REVITALIZATION, AND A BROAD-BASED, ENTREPRENEURIAL CULTURE IN PITTSBURGH. IMPLEMENT RECOMMENDATIONS FROM THE 2017, "CAPTURING THE NEXT ECONOMY: PITTSBURGH'S RISE AS A GLOBAL INNOVATION CITY", DEFINE, GROW, AND CONNECT THE PITTSBURGH INNOVATION DISTRICT AND MANAGE THE AVENU WORKSPACES CO-WORKING PLATFORM. IMPROVE THE PIPELINE OF HIGH-GROWTH ENTREPRENEURS. BUILD AND SUPPORT PITTSBURGH'S INNOVATION CLUSTERS. INTENTIONALLY CONECT STARTUP AND INNOVATION ECOSYSTEM PROGRAMMING TO EORKFORCE/UPSKILLING OPPORTUNITIES, NARRATIVE SHIFTING, AND NETWROK DEVELOPMENT EFFORTS.

    Expenses $2,681,945 · Grants $287,644 · Revenue $352,192

As filed on the 2023 return.

Listed in Part VII

  • EVAN FACHER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ELIZA SWAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • AMY KLINKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICOLE ZELLIE LANN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FELICITY WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN HUNT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D TYLER GOURLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • PERRY IVERY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SEAN LUTHER

    EXECUTIVE DIRECTOR

    Total calculated
    $163,189
    From this org
    $151,333
    From related orgs
    $0
    Other
    $11,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,333
    Bonus
    $0
    Other
    $0
    Deferred
    $6,382
    Nontaxable benefits
    $5,474
    Filer's total
    $163,189

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349308991

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