Ridc Southwestern Pennsylvania Growth Fund

Organization Overview

Ridc Southwestern Pennsylvania Growth Fund is located in Pittsburgh, PA. The organization was established in 1989. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridc Southwestern Pennsylvania Growth Fund 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, Ridc Southwestern Pennsylvania Growth Fund generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $12.3m during the year ending 12/2022. While expenses have increased by 35.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC TESTING FOR PUBLIC SAFETY, LITERARY, EDUCATIONAL TRAINING, COMMUNITY DEVELOPMENT, COMMUNITY CONSERVATISM, AND OTHER PUBLIC SERVICE PURPOSES PERMITTED WITHIN THE SCOPE OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS ORGANIZATION PROVIDES SUPPORT TO AN EXEMPT REGIONAL ECONOMIC DEVELOPMENT ORGANIZATION IN AN EFFORT TO PROVIDE BUSINESS EXPANSION AND JOB OPPORTUNITIES IN DEPRESSED COMMUNITIES BY ADAPTIVE RE-USE DEVELOPMENT OF UNDERUTILIZED MANUFACTURING FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Smith Donald F Jr
President
$0
Kurtzrock Mark Jay
Director
$0
Stephenson Samuel J
Chairman/director
$0
Hunt William
Director/vice Chairman
$0
Mcnulty Timothy P
Director
$0
Joyce Dennis M Ret 62022
Chief Operating Officer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
P J Dick Inc
Construction Services
$20,064,367
Costa Contracting Inc
Construction Services
$485,051
Msr Design
Architecture Design
$490,081
Mele & Mele & Sons Inc
Construction Services
$392,117
Ku Resources
Environmental Consulting
$334,805
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,298,881
Government grants $4,634,823
All other contributions, gifts, grants, and similar amounts not included above$2,941,119
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,874,823
Total Program Service Revenue$2,664,304
Investment income $2,577,041
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,116,168

Peer Organizations

Organization NameAssets
Manufacturing Advocacy & Growth Network Inc
Cleveland, OH
$24,169,466
Ridc Southwestern Pennsylvania Growth Fund
Pittsburgh, PA
$16,116,168
Spiritrust Lutheran Life
Chambersburg, PA
$10,313,155
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Dayton, OH
$5,373,094
Project Management Institute Educational Foundation
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$4,802,761
People For People Community Development Corporation
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$1,301,156
Council Of Development Finance Agenices
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$2,445,718
Ohio Pork Council
New Albany, OH
$2,034,753
Umb Health Sciences Research Park Corporation
Baltimore, MD
$3,392,928
Cincinnati Business Committee
Cincinnati, OH
$1,403,517
Downtown Committee Of Syracuse Inc
Syracuse, NY
$1,821,654
Brian & Gretchen Colleran Foundation
North Olmsted, OH
$1,013,232
Civic New Markets Support Corporation Iii
New York, NY
$1,054,266
Ridc Mill 19a
Pittsburgh, PA
$2,145,712
Greater Philadelphia Chamber Of Commerce Regional Foundation
Philadelphia, PA
$790,202
Circulo Real Property Holding Corporation
Garden City, NY
$1,316,270
Civic Concourse Village Corporation
New York, NY
$1,407,618
Potlikker Capital
Ithaca, NY
$1,291,869
75 Spruce Street Development
Paterson, NJ
$1,419,580
Helen Schuyler Tr Uw Bo Community Foundation
Elmira, NY
$557,503
Corry Community Foundation
Erie, PA
$1,193,127
Blake Annex Inc
Albany, NY
$579,653
Friends Of Dream Big Foundation Inc
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$740,000
Suburban Development Council Inc
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$494,306
Lutheran Chaplaincy Service Of Greater Cleveland
North Olmsted, OH
$655,877

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