Form 990 for tax year 2023

Totals

Total revenue

$4,547,384

Total expenses

$4,547,384

Contributions and grants received

$4,507,299

Grants paid

$0

Program service revenue

$0

Investment income

$40,085

Other revenue

$0

Total assets, end of year

$2,714,100

Total liabilities, end of year

$821,750

Net assets or fund balances, end of year

$1,892,350

Program services expenses (Part IX)

$3,217,264

Management and general expenses

$1,213,023

Fundraising expenses

$117,097

Program service expenses (Part III)

$3,217,264

Program services were 70.7% 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.

Mission and programs · 2023

• 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, WE HELPED TO SECURE 82 WINS REPRESENTING $2.58 BILLION CAPEX AND 7,072 NEW AND RETAINED JOBS AND CREATED A STRONG PIPELINE OF OVER 100 PROSPECTS REPRESENTING BILLIONS OF DOLLARS AND THOUSANDS OF JOBS.(CONTINUED ON SCHEDULE O)BY FOCUSING EFFORTS ON KEY HIGH-GROWTH, INNOVATION-DRIVEN INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, OUR REGION ACHIEVED ECONOMIC DEVELOPMENT WINS SUCH AS:ADVANCED MANUFACTURING BCI STEEL AND NEXTTRACKER: A REGIONAL STEEL FACTORY REVITALIZED TO MANUFACTURE COMPONENTS FOR SOLAR PANELS. RE:BUILD MANUFACTURING: A NEW MANUFACTURING HUB AT NEW KENSINGTON ADVANCED MANUFACTURING PARK TO SERVE ENERGY, LIFE SCIENCES, ROBOTICS, AEROSPACE AND OTHER HIGH-GROWTH INDUSTRIES. SHELL POLYMERS MONACA: THE FIRST MAJOR POLYETHYLENE MANUFACTURING COMPLEX IN THE NORTHEASTERN UNITED STATES COMMENCED OPERATIONS AND OPENED ITS INNOVATION CENTER REPRESENTING A MULTIBILLION-DOLLAR INVESTMENT.ENERGY EOS ENERGY ENTERPRISES: A GROUNDBREAKING LONG-DURATION BATTERY MANUFACTURER IN EAST PITTSBURGH THAT RECEIVED A CONDITIONAL $398.6 MILLION FEDERAL LOAN GUARANTEE TO SUPPORT A MAJOR EXPANSION. WESTINGHOUSE: AN EVINCI MICROREACTOR BUSINESS IN A FORMER FACTORY IN ETNA TO MANUFACTURE NUCLEAR BATTERIES.LIFE SCIENCES ELEVATEBIO BASECAMP INC.: A $35 MILLION CELL AND GENE THERAPY FACILITY TO OPEN IN PITTSBURGH'S HAZELWOOD GREEN. ROBOTICS & AI GECKO ROBOTICS: A $100 MILLION INVESTMENT FROM A $5 BILLION TECHNOLOGY FUND FROM PITTSBURGH'S THOMAS TULL AND EXPANDED ROLE WITHIN THE U.S. DEPARTMENT OF DEFENSE TO ACCELERATE MAINTENANCE. SPACE ASTROBOTIC: A $20 MILLION INVESTMENT TO RENOVATE A FIVE-STORY BUILDING NEAR ITS HEADQUARTERS ON PITTSBURGH'S NORTH SIDE AS THE COMPANY PREPARED THE FIRST COMMERCIAL LAUNCH OF ITS PEREGRINE LANDER TO THE MOON.YEAR OVER YEAR, WE EXPANDED THE REACH OF THE NEWLY CREATED BUSINESS INVESTMENT BRAND, PITTSBURGH REGION. NEXT IS NOW, HIGHLIGHTING THE REGION AS AN ICONIC PLACE WHERE WHAT'S NEXT IS HAPPENING NOW AND WHERE COMPANIES, STARTUPS, UNIVERSITIES AND MORE ARE ALL MEETING THE WORLD'S BIGGEST CHALLENGES AND BUILDING A NEXT GENERATION ECONOMY FOR ALL. COMPARED TO 2022, DIGITAL MARKETING EFFORTS IN 2023 RESULTED IN:10% INCREASE IN EARNED MEDIA IMPRESSIONS. 30% INCREASE IN LINKEDIN FOLLOWERS.+300% INCREASE IN PAID MEDIA IMPRESSIONS.140% INCREASE IN CONVERSIONS ACROSS MEDIA PLATFORMS.+402.7% INCREASE IN WEBSITE VISITORS.POST-PANDEMIC, WE IMPLEMENTED A MORE AGGRESSIVE, TARGETED FOREIGN DIRECT INVESTMENT STRATEGY WITH AN INITIAL FOCUS ON GERMANY THROUGH A SERIES OF BILATERAL TRADE MISSIONS.RECOGNIZING THAT A GLOBALLY COMPETITIVE ECONOMY DEPENDS ON THE AVAILABILITY OF TALENT AND A SKILLED WORKFORCE, WE LED EFFORTS TO ATTRACT AND RETAIN HIGH-DEMAND TALENT, ESPECIALLY PEOPLE OF COLOR, WITH AN INITIAL FOCUS ON TALENT RETENTION. WE SUPPORTED EMPLOYER TALENT ATTRACTION EFFORTS WITH THE LAUNCH OF A PITTSBURGH REGIONAL TALENT MARKETING INITIATIVE, BELONG. BECOME. BE., FOCUSING ON RAISING AWARENESS OF THE REGION'S DIFFERENTIATED ASSETS WITH AN INITIAL FOCUS ON STUDENTS AT COLLEGES AND UNIVERSITIES ACROSS THE REGION, ALL TAILORED TO WHAT TALENT IS LOOKING FOR IN A COMMUNITY.THE 2023 PITTSBURGH PASSPORT KICKED OFF ITS FIFTH 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. NEARLY 8,000 STUDENTS ENROLLED INTO THE PROGRAM, REPRESENTING MORE THAN 45 COUNTRIES, 44 STATES AND MORE THAN 250 CITIES. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. IT GAINED NEARLY 2,000 MORE STUDENTS THAN THE PREVIOUS YEAR.

  Expenses $3,217,264

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT

  501(C)(3) · ECONOMIC DEVELOPMENT · PA

• PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH

  501(C)(3) · RESEARCH AND ANALYSIS · PA

  Directly controlled by ACCD

• GREATER PITTSBURGH CHAMBER OF COMMERCE

  501(C)(6) · ADVOCACY · PA

  Directly controlled by ACCD

• GREATER PITTSBURGH CHAMBER OF COMMERCE POLITICAL ACTION COMM

  527 · POLITICAL ACTION COMMITTEE · PA

  Directly controlled by GREATER PITTSBURGH C OF C

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.

Provenance

Return type

form_990

Tax year

2023

Filed

11 November 2024

IRS schema version

2023v5.1

Source object

202403179349306195

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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