Pittsburgh Gateways Corporation
- Assets
- $45.8m
- Revenue
- $1.5m
- Investments
- $36.9m
- Employees
- 9
- Location
- Pittsburgh, PA
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 23-2939083
Organization Overview
Pittsburgh Gateways Corporation is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Pittsburgh Gateways Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Gateways Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Pittsburgh Gateways Corporation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STRATEGIC PLANNING, DEVELOPMENT AND DIRECT MANAGEMENT ASSISTANCE FOR COMMUNITIES, COMMUNITY-BASED ECONOMIC DEVELOPMENT ORGANIZATIONS, RESEARCH & ACADEMIC INSTITUTIONS, AND PRIVATE ENTITIES SEEKING THE ACCELERATION OF TECHNOLOGY-BASED BUSINESSES. PART OF THIS MISSION IS A GOAL TO COMBAT COMMUNITY DETERIORATION IN THE CITY OF PITTSBURGH AND OTHER ECONOMICALLY DISTRESSED AREAS OF PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLS TRAINING - "INTRO TO TRADES PROGRAM" PROVIDES TECHNICAL SKILLS TRAINING TO INDIVIDUALS FROM THE HILL DISTRICT AND SURROUNDING AREAS IN THE CITY OF PITTSBURGH.
OTHER MISCELLANEOUS PROGRAMS TO CREATE SIGNIFICANT ECONOMIC DEVELOPMENT IN THE PITTSBURGH REGION THRU COMERCIALIZATION OF INTELLECTUAL PROPERTY AND ON-GOING RESEARCH.
POWER HOUSE FUND - GRANT MONEY IS USED TO SERVE EARLY-STAGE MISSION RELATED VENTURES THROUGH FINANCIAL AND ADMINISTRATIVE SUPPORT. THE PROGRAM WILL FOCUS ON MINORITY/WOMEN PARTICIPATION AS EQUITY OWNERS, MANAGERS, AND ORGANIZATION LEADERS.
SEWING FOR ANGELS' MISSION IS TO ORGANIZE COLLABORATIVE EFFORTS TO PROVIDE URGENTLY NEEDED PRODUCTS AND SERVICES FOR THOSE IN NEED. TO DATE, OVER 25,000 FACEMASKS HAVE BEEN MADE AND DISTRIBUTED WITH CONTRIBUTIONS FROM HIGHMARK/ALLEGHENY HEALTH NETWORK, UNIVERSITY OF PITTSBURGH MEDICAL CENTER AND MORE. THIS INNOVATIVE MAKER NETWORK INTENDS TO CONTINUE TO PROVIDE PRODUCTS (BUY ONE, GIVE ONE) THAT PROVIDE PROTECTIVE FACE MASKS/COVERINGS FOR YOUTH AND ADULTS AND RELATED PRODUCTS FOR THOSE EXPERIENCING HOMELESSNESS AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Reynolds Clark Chairman | Trustee | 1 | $0 |
Ann Dugan Director/audit Committee | Trustee | 1 | $0 |
Daniel Leri Director/vice Chair | Trustee | 1 | $0 |
Stephen Robinson Director | Trustee | 1 | $0 |
Tim Mcnulty Director | Trustee | 1 | $0 |
C Paul Svoboda Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,000 |
| Total Program Service Revenue | $518,108 |
| Investment income | $143,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $452,948 |
| Net Gain/Loss on Asset Sales | -$9,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,497,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,048,582 |
| Compensation of current officers, directors, key employees. | $461,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,515 |
| Pension plan accruals and contributions | $43,234 |
| Other employee benefits | $48,452 |
| Payroll taxes | $72,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,774 |
| Fees for services: Accounting | $66,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $378,653 |
| Advertising and promotion | $1,525 |
| Office expenses | $32,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $296,209 |
| Travel | $22,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,651 |
| Insurance | $15,536 |
| All other expenses | $9,942 |
| Total functional expenses | $2,793,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,006 |
| Savings and temporary cash investments | $741,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,376 |
| Investments—publicly traded securities | $2,335,739 |
| Investments—other securities | $36,917,900 |
| Investments—program-related | $30,870 |
| Intangible assets | $0 |
| Other assets | $5,562,783 |
| Total assets | $45,817,225 |
| Accounts payable and accrued expenses | $287,631 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,923,937 |
| Unsecured mortgages and notes payable | $250,000 |
| Other liabilities | $1,639,196 |
| Total liabilities | $4,100,764 |
| Net assets without donor restrictions | $38,808,721 |
| Net assets with donor restrictions | $2,907,740 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,817,225 |
Grants Awarded
Over the last fiscal year, Pittsburgh Gateways Corporation has awarded $137,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COX MANAGEMENT & PROPERTY PRESERVATION LLC PURPOSE: FUNDING OF EARLY STAGE MINORITY OWNED BUSINESS | $34,000 |
AXIOM ADVANCEMENT CORP PURPOSE: FUNDING OF EARLY STAGE MINORITY OWNED BUSINESS | $27,000 |
EAT INITIATIVE LLC PURPOSE: FUNDING OF EARLY STAGE MINORITY OWNED BUSINESS | $15,000 |
FOUR TWELVE EVENTS LLC PURPOSE: FUNDING OF EARLY STAGE MINORITY OWNED BUSINESS | $27,000 |
VAULTE-US LLC PURPOSE: FUNDING OF EARLY STAGE BUSINESS VENTURE | $34,000 |