The Pittsburgh High Technology Council
- Assets
- $5.0m
- Revenue
- $3.2m
- Investments
- $1.0k
- Employees
- 20
- Location
- Pittsburgh, PA
- Founding
- 05/1984
- Data as of
- 08/2023
- EIN
- 25-1437854
Organization Overview
The Pittsburgh High Technology Council is located in Pittsburgh, PA. The organization was established in 1984. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 08/2023, Pittsburgh High Technology Council employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh High Technology Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Pittsburgh High Technology Council generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.0m during the year ending 08/2023. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP TECHNOLOGY COMPANIES SUCCEED THROUGH BUSINESS DEVELOPMENT AND TALENT RETENTION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MEANS TO COMMUNICATE INFORMATION AND PROMOTE THE GROWTH OF TECHNOLOGY IN WESTERN PENNSYLVANIA BY SPONSORING MONTHLY, QUARTERLY, AND ANNUAL MEETINGS AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Simchick Chairman | OfficerTrustee | 1.5 | $0 |
Barbara Vankirk Director | Trustee | 1.5 | $0 |
Bernie Mongolio Director | Trustee | 1.5 | $0 |
Bob Meese Director | Trustee | 1.5 | $0 |
Brian Lucotch Director | Trustee | 1.5 | $0 |
Catherine Mott Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,623 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $389,148 |
| Total Program Service Revenue | $2,731,010 |
| Investment income | $46,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,900 |
| Net Gain/Loss on Asset Sales | -$57,627 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,152,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $833,252 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,578 |
| Pension plan accruals and contributions | $55,501 |
| Other employee benefits | $7,216 |
| Payroll taxes | $101,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,727 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,024 |
| Fees for services: Other | $93,137 |
| Advertising and promotion | $16,191 |
| Office expenses | $93,991 |
| Information technology | $86,722 |
| Royalties | $0 |
| Occupancy | $158,521 |
| Travel | $23,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,232 |
| Insurance | $18,634 |
| All other expenses | $1,632 |
| Total functional expenses | $2,972,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $316,169 |
| 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 | $111,422 |
| Net Land, buildings, and equipment | $1,247,481 |
| Investments—publicly traded securities | $1,791,179 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $801,657 |
| Total assets | $4,996,230 |
| Accounts payable and accrued expenses | $334,098 |
| Grants payable | $0 |
| Deferred revenue | $931,465 |
| 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 | $1,209,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,475,211 |
| Net assets without donor restrictions | $2,299,113 |
| Net assets with donor restrictions | $221,906 |
| 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 | $4,996,230 |