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Nonprofiteer
← STRATEGIC INVESTMENT FUND INC

Form 990 for tax year 2024

Filed by STRATEGIC INVESTMENT FUND INC.

Totals

Total revenue
$788,761
Total expenses
$614,302
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$649,184
Investment income
$39,970
Other revenue
$99,607
Total assets, end of year
$4,670,056
Total liabilities, end of year
$92,649
Net assets or fund balances, end of year
$4,577,407
Program services expenses (Part IX)
$469,898
Management and general expenses
$138,759
Fundraising expenses
$5,645
Program service expenses (Part III)
$469,898

Program services were 76.5% 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.

  • 2a · Program service revenue: REIMB.EXP.- AFF. ORG.

    total $614,184 · related or exempt $614,184

  • 2b · Program service revenue: MGMT FEE- AFF. ORG.

    total $35,000 · related or exempt $35,000

  • 3 · Investment income

    total $39,970 · excluded $39,970

  • 11a · Other revenue: EQUITY IN EARNING/SIF

    total $89,600 · related or exempt $89,600

  • 11b · Other revenue: INVESTMENT INCOME - PO

    total $10,007 · related or exempt $10,007

  • 11e · Other revenue, total

    $99,607

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $429,008 · program services $343,206 · management and general $85,802

  • 11b · Fees: legal

    total $14,340 · program services $6,179 · management and general $2,516 · fundraising $5,645

  • 11c · Fees: accounting

    total $48,903 · program services $39,122 · management and general $9,781

  • 13 · Office expenses

    total $150 · program services $150

  • 23 · Insurance

    total $61,321 · program services $30,661 · management and general $30,660

  • 24a · Other expenses: OUTSIDE SERVICES

    total $59,052 · program services $49,052 · management and general $10,000

  • 24e · All other expenses

    total $1,528 · program services $1,528

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,260,156 · end of year $1,346,042

  • 4 · Accounts receivable

    beginning of year $96,596 · end of year $101,328

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,260 · end of year $750

  • 12 · Investments: other securities

    beginning of year $3,122,329 · end of year $3,221,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,393 · end of year $92,649

  • 27 · Net assets without donor restrictions

    beginning of year $4,402,948 · end of year $4,577,407

Mission and programs · 2024

Mission

TO PROVIDE A SOURCE OF PRIVATE SECTOR FINANCING FOR PROJECTS TO PROMOTE ECONOMIC DEVELOPMENT, JOB CREATION AND ELIMINATION OF URBAN BLIGHT AND ENHANCEMENT OF COMMUNITY DEVELOPMENT IN 12 COUNTIES OF SOUTHWESTERN PA.

Activities or mission (Part I)

PRIVATE SECTOR SOURCE OF GAP FINANCING FOR REAL ESTATE PROJECTS IN 12 COUNTIES OF SOUTHWESTERN PA.

  • STRATEGIC INVESTMENT FUND, INC. IS THE GENERAL PARTNER OF THE STRATEGIC INVESTMENT FUND. (SIF) IS A PRIVATE SECTOR SOURCE OF GAP FINANCING THAT ENABLES CATALYTIC REAL ESTATE PROJECTS TO ADVANCE ACROSS A 12-COUNTY REGION OF SOUTHWESTERN PENNSYLVANIA. EMPLOYMENT CREATION, COMMUNITY DEVELOPMENT AND ELIMINATION OF URBAN BLIGHT ARE PRIMARY SIF OBJECTIVES. THE PURPOSE OF SIF IS TO FILL GAPS IN THE FINANCING OF THOSE PROJECTS THAT ALIGN WITH ONE OF ITS FOUR INVESTMENT STRATEGIES: REGIONAL CORE INVESTMENT; RESEARCH AND DEVELOPMENT LED INDUSTRY; STRATEGIC SITE ACQUISITION; AND INNOVATION. IN OVER TWO DECADES AND THREE ROUNDS OF FUNDING, SIF HAS INVESTED $190 MILLION OF PRIVATE SECTOR FINANCING FOR 71 PROJECTS ESTIMATED AT $1.29 BILLION OF DEVELOPMENT.

    Expenses $469,898 · Revenue $748,791

As filed on the 2024 return.

Listed in Part VII

  • Sylvan M Holzerexit 62024

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Morehouse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John A Barbour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gretchen R Haggerty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Hanna Casey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William E Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David J Malone

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Dan Onorato

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stefani Pashman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Don Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janel M Skelley

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    10

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.

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.

  • STRATEGIC INVESTMENT FUND PARTNERS

    RELATED · FINANCING CAPITAL PROJECTS THAT PROMOTE ECONOMIC DEVELOPMENT. · PA · 5.69% owned · share of income $74,656 · share of assets $2,889,063 · general or managing partner

  • POWER OF 32 SITE DEVELOPMENT FUND LLC

    RELATED · FINANCING CAPITAL PROJECTS THAT PROMOTE ECONOMIC DEVELOPMENT. · PA · 50% owned · share of income $9,653 · share of assets $107,704

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2025
IRS schema version
2024v5.2
Source object
202511969349301921

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