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← PITTSBURGH REGIONAL ALLIANCE

Form 990 for tax year 2022

Filed by PITTSBURGH REGIONAL ALLIANCE.

Totals

Total revenue
$4,604,779
Total expenses
$4,604,779
Contributions and grants received
$4,601,847
Grants paid
$0
Program service revenue
$0
Investment income
$2,932
Other revenue
$0
Total assets, end of year
$4,460,863
Total liabilities, end of year
$2,568,513
Net assets or fund balances, end of year
$1,892,350
Program services expenses (Part IX)
$3,178,574
Management and general expenses
$1,171,677
Fundraising expenses
$254,528
Program service expenses (Part III)
$3,178,574

Program services were 69.0% 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.

  • 1d · Related organizations

    $2,741,909

  • 1e · Government grants (contributions)

    $1,859,938

  • 3 · Investment income

    total $2,932 · excluded $2,932

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $14,742 · program services $1,495 · management and general $13,247

  • 11c · Fees: accounting

    total $26,822 · management and general $26,822

  • 11g · Fees: other

    total $1,116,758 · program services $1,049,992 · management and general $65,240 · fundraising $1,526

  • 12 · Advertising and promotion

    total $135,333 · program services $92,999 · management and general $42,036 · fundraising $298

  • 13 · Office expenses

    total $28,679 · program services $843 · management and general $27,575 · fundraising $261

  • 14 · Information technology

    total $36,483 · program services $42 · management and general $36,441

  • 16 · Occupancy

    total $193,082 · management and general $193,082

  • 17 · Travel

    total $116,830 · program services $99,736 · management and general $12,841 · fundraising $4,253

  • 18 · Travel or entertainment for public officials

    total $262 · program services $262

  • 19 · Conferences, conventions and meetings

    total $188,544 · program services $127,180 · management and general $12,817 · fundraising $48,547

  • 22 · Depreciation, depletion and amortization

    total $24,034 · management and general $24,034

  • 23 · Insurance

    total $14,872 · management and general $14,872

  • 24a · Other expenses: SHARED EXPENSES

    total $2,599,050 · program services $1,759,259 · management and general $642,106 · fundraising $197,685

  • 24b · Other expenses: RESEARCH & DEVELOPMENT

    total $69,916 · program services $26,915 · management and general $42,939 · fundraising $62

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $22,654 · program services $15,748 · management and general $5,010 · fundraising $1,896

  • 24e · All other expenses

    total $16,718 · program services $4,103 · management and general $12,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,013,362 · end of year $193,218

  • 2 · Savings and temporary cash investments

    beginning of year $1,994,358 · end of year $2,084,955

  • 3 · Pledges and grants receivable

    end of year $2,000,000

  • 4 · Accounts receivable

    beginning of year $95,785 · end of year $117,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,369 · end of year $62,740

  • 11 · Investments: publicly traded securities

    beginning of year $2,500 · end of year $2,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $256,878 · end of year $465,310

  • 19 · Deferred revenue

    beginning of year $1,963,146 · end of year $2,103,203

  • 27 · Net assets without donor restrictions

    beginning of year $1,892,350 · end of year $1,892,350

Mission and programs · 2022

Mission

THE MISSION OF THE PITTSBURGH REGIONAL ALLIANCE (PRA) IS TO MARKET THE 10 COUNTIES OF SOUTHWESTERN PENNSYLVANIA AS A PRIME LOCATION FOR BUSINESS INVESTMENT AND TALENT.(CONTINUED ON SCH O) THE PRA PROVIDES BUSINESS LEADERS DOMESTICALLY AND GLOBALLY WITH ESSENTIAL RESCOURCES, CONNECTS THEM TO VARIOUS SOURCES OF SUPPORT AND ASSISTS THEM IN THE PROCESS OF CORPORATE EXPANSION OR LOCATION WITHIN THE PITTSBURGH REGION. THE PRA MAINTAINS REGIONAL DATA, DEMOGRAPHICS AND REAL ESTATE DATABASES. THE PRA ALSO PROVIDES PROJECT MANAGEMENT SERVICES INCLUDING SITE LOCATION ASSISTANCE, GLOBAL BUSINESS ASSISTANCE, ACCESS TO FINANCIAL ASSISTANCE, TALENT ATTRACTION AND RETENTION, PEER EXECUTIVE MEETINGS AND MARKET RESEARCH AND ANALYSIS TO BUSINESS EXECUTIVES CONSIDERING INVESTING IN SOUTHWESTERN PENNSYLVANIA.

Activities or mission (Part I)

TO MARKET THE 10 COUNTIES OF SOUTHWESTERN PA AS A PRIME LOCATION FOR BUSINESS AND TALENT.

  • TOGETHER WITH OUR AFFILIATES AND REGIONAL INVESTOR PARTNERS WE ARE GROWING OUR ECONOMY BY SECURING BUSINESS INVESTMENT AND JOB CREATION:IN SERVICE TO THE 10-COUNTY PITTSBURGH REGION, OUR BUSINESS INVESTMENT TEAM SECURED 22 BUSINESS INVESTMENT PROJECT WINS, REPRESENTING $1.1 BILLION IN CAPITAL INVESTMENT. OUR EFFORTS ALSO CREATED A PIPELINE OF 135 PROJECTS, REPRESENTING THE POTENTIAL FOR 18,600 NEW AND RETAINED JOBS, AND $14.98 BILLION IN CAPITAL INVESTMENT.(CONTINUED ON SCH O)THESE ECONOMIC DEVELOPMENT EFFORTS FOCUSED ON OPPORTUNITIES IN KEY HIGH-GROWTH, FUTURE-FOCUSED INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, INCLUDING:AUTONOMY AND ROBOTICS, CYBERSECURITY, FINANCIAL SERVICES AND LIFE SCIENCES. EFFORTS RESULTED IN: ELEVATEBIO AND THE UNIVERSITY OF PITTSBURGH ANNOUNCING THE CREATION OF THE PITT BIOFORGE BIO-MANUFACTURING CENTER AT HAZELWOOD GREEN TO ACCELERATE GENE AND CELL THERAPY INNOVATION. THE PARTNERSHIP, ENABLED BY A $100 MILLION GRANT FROM THE RICHARD KING MELLON FOUNDATION, IS EXPECTED TO CREATE 172 SIX-FIGURE JOBS, SERVES AS A STERLING EXAMPLE OF OUR PHILANTHROPIC AND HIGHER EDUCATION STAKEHOLDERS CONTINUING TO DRIVE OUR REGION'S ECONOMY. GECKO ROBOTICS AFFIRMING PITTSBURGH AS ITS HEADQUARTERS AND EXPANDING ITS LOCAL PRESENCE TO 40 JOBS WITH AN ESTIMATED $10 MILLION CAPITAL INVESTMENT AT NOVA PLACE. TESSERACT SOLUTIONS, A FRANCE-BASED SOFTWARE DEVELOPMENT COMPANY ESTABLISHING ITS U.S. HEADQUARTERS, KMELEON, INC., IN PITTSBURGH'S LAWRENCEVILLE NEIGHBORHOOD. THE TECHNOLOGY PROVIDES MAJOR ROBOT SUPPLIERS WITH A SIMPLE, UNIVERSAL LANGUAGE TO PROGRAM ROBOTS.ADDITIVE AND ADVANCED MANUFACTURING, DISTRIBUTION AND ENERGY. EFFORTS RESULTED IN: THE OPENING OF SHELL POLYMERS MONACA (SPM), THE FIRST MAJOR POLYETHYLENE MANUFACTURING COMPLEX IN THE NORTHEASTERN UNITED STATES. THE RIBBON CUTTING FOR THE MULTIBILLION-DOLLAR FACILITY CAPPED A DECADE OF WORK BY THE ALLEGHENY CONFERENCE AND AFFILIATES TO RAISE GLOBAL AWARENESS OF THE OPPORTUNITY IN THE MARCELLUS SHALE AND TO WORK DIRECTLY WITH SHELL AND OTHER GLOBAL PETROCHEMICAL COMPANIES TO ENCOURAGE INVESTMENT. THE FACILITY IS POSITIONED TO BECOME A CRUCIAL ANCHOR FOR THE DEVELOPMENT OF CARBON CAPTURE AND HYDROGEN SOLUTIONS CRITICAL TO ACHIEVING A LOW-CARBON, INDUSTRIAL FUTURE FOR THE PITTSBURGH REGION AND THE NATION. NEXTRACKER LLC, THE GLOBAL MARKET LEADER IN UTILITY-SCALE SOLAR TRACKERS, AND BCI STEEL, A PITTSBURGH-BASED STEEL FABRICATOR, REOPENING THE HISTORIC BETHLEHEM STEEL MANUFACTURING FACTORY IN LEETSDALE TO PRODUCE SOLAR TRACKER EQUIPMENT FOR LARGE-SCALE SOLAR POWER PLANTS IN PENNSYLVANIA, INDIANA, NEW YORK AND OHIO.IN 2022, THANKS IN LARGE PART TO THE SUPPORT WE RECEIVED FROM THE COMMONWEALTH OF PENNSYLVANIA IN THE FORM OF A $2 MILLION GRANT THAT SUPPLEMENTS THE IMPORTANT SUPPORT FROM OUR REGIONAL INVESTORS, WE INCREASED INVESTMENT IN MARKETING TO RAISE AWARENESS OF THE PITTSBURGH REGION WITH A BUSINESS INVESTMENT AUDIENCE. AMPLIFIED MARKETING EFFORTS ACROSS CHANNELS RESULTED IN A: 65% INCREASE IN WEBSITE USERS 65% INCREASE IN LINKEDIN FOLLOWERS 48% INCREASE IN EARNED MEDIA REACHA SPECIAL PAID CAMPAIGN WITH THE WALL STREET JOURNAL RESULTED IN 3.9 MILLION IMPRESSIONS. A SIMILAR CAMPAIGN WITH FORTUNE MAGAZINE TOOK OUR REGIONAL MESSAGE TO 10,000 C-SUITE DECISION MAKERS IN EIGHT TARGET U.S. MARKETS.THE 2022 PITTSBURGH PASSPORT* KICKED OFF ITS FOURTH YEAR AS A MARQUEE PROGRAM TO SHOWCASE THE REGION'S AMENITIES AND OPPORTUNITIES TO RETAIN MORE COLLEGE STUDENTS AND RECENT GRADUATES TO FILL THE TALENT PIPELINE FOR REGIONAL EMPLOYERS.IN TOTAL, THE PROGRAM HAS REACHED MORE THAN 6,000 COLLEGE STUDENTS FROM 39 STATES AND 41 COUNTRIES VIA A HYBRID PLATFORM OF IN-PERSON AND VIRTUAL EVENTS. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. THE PROGRAM IS TO BECOME A SIGNIFICANT ELEMENT OF AN INTENSIFIED AND COMPREHENSIVE APPROACH TO RETAINING AND ATTRACTING MORE TALENT TO THE REGION BY ENGAGING THEM WITH EMPLOYERS, ARTS AND RECREATION OPPORTUNITIES AND OTHER KEY STAKEHOLDERS THROUGH A NEW REGIONAL TALENT COLLABORATIVE CONVENED BY THE ALLEGHENY CONFERENCE FOR LAUNCH IN 2023.*PITTSBURGH PASSPORT IS A PROGRAM OF THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT AND NOT AFFILIATED WITH PASSPORT TO PITTSBURGH, LLC.

    Expenses $3,178,574

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEFANI PASHMAN

    CEO

    Total calculated
    $586,004
    From this org
    $0
    From related orgs
    $553,506
    Other
    $32,498
    Hours/week
    5 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,269 related
    Bonus
    $0 + $120,943 related
    Other
    $0 + $1,294 related
    Deferred
    $0 + $32,498 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $586,004 related

  • WILLIAM S DEMCHAK

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • JANEL SKELLEY

    CFO

    Total calculated
    $270,489
    From this org
    $0
    From related orgs
    $238,973
    Other
    $31,516
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,397 related
    Bonus
    $0 + $30,732 related
    Other
    $0 + $844 related
    Deferred
    $0 + $31,516 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $270,489 related

  • MARK THOMAS

    PRESIDENT, PRA

    Total calculated
    $309,998
    From this org
    $0
    From related orgs
    $282,856
    Other
    $27,142
    Hours/week
    32 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,168 related
    Bonus
    $0 + $40,170 related
    Other
    $0 + $518 related
    Deferred
    $0 + $27,142 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $309,998 related

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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323189349305282

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