Pittsburgh Regional Alliance is located in Pittsburgh, PA. The organization was established in 1996. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Pittsburgh Regional Alliance 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 Regional Alliance generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. 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 MARKET THE 10 COUNTIES OF SOUTHWESTERN PA AS A PRIME LOCATION FOR BUSINESS AND TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, OUR BUSINESS INVESTMENT TEAM SECURED 22 BUSINESS INVESTMENT PROJECT WINS, REPRESENTING $1.1 BILLION IN CAPITAL INVESTMENT. OUR EFFORTS ALSO CREATED A PIPELINE OF 135 PROJECTS, REPRESENTING THE POTENTIAL FOR 18,600 NEW AND RETAINED JOBS, AND $14.98 BILLION IN CAPITAL INVESTMENT.(CONTINUED ON SCH O)THESE ECONOMIC DEVELOPMENT EFFORTS FOCUSED ON OPPORTUNITIES IN KEY HIGH-GROWTH, FUTURE-FOCUSED INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, INCLUDING:AUTONOMY AND ROBOTICS, CYBERSECURITY, FINANCIAL SERVICES AND LIFE SCIENCES. EFFORTS RESULTED IN: ELEVATEBIO AND THE UNIVERSITY OF PITTSBURGH ANNOUNCING THE CREATION OF THE PITT BIOFORGE BIO-MANUFACTURING CENTER AT HAZELWOOD GREEN TO ACCELERATE GENE AND CELL THERAPY INNOVATION. THE PARTNERSHIP, ENABLED BY A $100 MILLION GRANT FROM THE RICHARD KING MELLON FOUNDATION, IS EXPECTED TO CREATE 172 SIX-FIGURE JOBS, SERVES AS A STERLING EXAMPLE OF OUR PHILANTHROPIC AND HIGHER EDUCATION STAKEHOLDERS CONTINUING TO DRIVE OUR REGION'S ECONOMY. GECKO ROBOTICS AFFIRMING PITTSBURGH AS ITS HEADQUARTERS AND EXPANDING ITS LOCAL PRESENCE TO 40 JOBS WITH AN ESTIMATED $10 MILLION CAPITAL INVESTMENT AT NOVA PLACE. TESSERACT SOLUTIONS, A FRANCE-BASED SOFTWARE DEVELOPMENT COMPANY ESTABLISHING ITS U.S. HEADQUARTERS, KMELEON, INC., IN PITTSBURGH'S LAWRENCEVILLE NEIGHBORHOOD. THE TECHNOLOGY PROVIDES MAJOR ROBOT SUPPLIERS WITH A SIMPLE, UNIVERSAL LANGUAGE TO PROGRAM ROBOTS.ADDITIVE AND ADVANCED MANUFACTURING, DISTRIBUTION AND ENERGY. EFFORTS RESULTED IN: THE OPENING OF SHELL POLYMERS MONACA (SPM), THE FIRST MAJOR POLYETHYLENE MANUFACTURING COMPLEX IN THE NORTHEASTERN UNITED STATES. THE RIBBON CUTTING FOR THE MULTIBILLION-DOLLAR FACILITY CAPPED A DECADE OF WORK BY THE ALLEGHENY CONFERENCE AND AFFILIATES TO RAISE GLOBAL AWARENESS OF THE OPPORTUNITY IN THE MARCELLUS SHALE AND TO WORK DIRECTLY WITH SHELL AND OTHER GLOBAL PETROCHEMICAL COMPANIES TO ENCOURAGE INVESTMENT. THE FACILITY IS POSITIONED TO BECOME A CRUCIAL ANCHOR FOR THE DEVELOPMENT OF CARBON CAPTURE AND HYDROGEN SOLUTIONS CRITICAL TO ACHIEVING A LOW-CARBON, INDUSTRIAL FUTURE FOR THE PITTSBURGH REGION AND THE NATION. NEXTRACKER LLC, THE GLOBAL MARKET LEADER IN UTILITY-SCALE SOLAR TRACKERS, AND BCI STEEL, A PITTSBURGH-BASED STEEL FABRICATOR, REOPENING THE HISTORIC BETHLEHEM STEEL MANUFACTURING FACTORY IN LEETSDALE TO PRODUCE SOLAR TRACKER EQUIPMENT FOR LARGE-SCALE SOLAR POWER PLANTS IN PENNSYLVANIA, INDIANA, NEW YORK AND OHIO.IN 2022, THANKS IN LARGE PART TO THE SUPPORT WE RECEIVED FROM THE COMMONWEALTH OF PENNSYLVANIA IN THE FORM OF A $2 MILLION GRANT THAT SUPPLEMENTS THE IMPORTANT SUPPORT FROM OUR REGIONAL INVESTORS, WE INCREASED INVESTMENT IN MARKETING TO RAISE AWARENESS OF THE PITTSBURGH REGION WITH A BUSINESS INVESTMENT AUDIENCE. AMPLIFIED MARKETING EFFORTS ACROSS CHANNELS RESULTED IN A: 65% INCREASE IN WEBSITE USERS 65% INCREASE IN LINKEDIN FOLLOWERS 48% INCREASE IN EARNED MEDIA REACHA SPECIAL PAID CAMPAIGN WITH THE WALL STREET JOURNAL RESULTED IN 3.9 MILLION IMPRESSIONS. A SIMILAR CAMPAIGN WITH FORTUNE MAGAZINE TOOK OUR REGIONAL MESSAGE TO 10,000 C-SUITE DECISION MAKERS IN EIGHT TARGET U.S. MARKETS.THE 2022 PITTSBURGH PASSPORT* KICKED OFF ITS FOURTH 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.IN TOTAL, THE PROGRAM HAS REACHED MORE THAN 6,000 COLLEGE STUDENTS FROM 39 STATES AND 41 COUNTRIES VIA A HYBRID PLATFORM OF IN-PERSON AND VIRTUAL EVENTS. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. THE PROGRAM IS TO BECOME A SIGNIFICANT ELEMENT OF AN INTENSIFIED AND COMPREHENSIVE APPROACH TO RETAINING AND ATTRACTING MORE TALENT TO THE REGION BY ENGAGING THEM WITH EMPLOYERS, ARTS AND RECREATION OPPORTUNITIES AND OTHER KEY STAKEHOLDERS THROUGH A NEW REGIONAL TALENT COLLABORATIVE CONVENED BY THE ALLEGHENY CONFERENCE FOR LAUNCH IN 2023.*PITTSBURGH PASSPORT IS A PROGRAM OF THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT AND NOT AFFILIATED WITH PASSPORT TO PITTSBURGH, LLC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stefani Pashman CEO | OfficerTrustee | 5 | $0 |
William S Demchak Chair | OfficerTrustee | 2 | $0 |
Janel Skelley CFO | Officer | 1 | $0 |
Mark Thomas President, Pra | Officer | 32 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Maya Design Inc Professional Services | 12/30/16 | $120,000 |
Burning Glass Technologies Professional Services | 12/30/16 | $150,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,741,909 |
Government grants | $1,859,938 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,601,847 |
Total Program Service Revenue | $0 |
Investment income | $2,932 |
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 | $4,604,779 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,742 |
Fees for services: Accounting | $26,822 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,116,758 |
Advertising and promotion | $135,333 |
Office expenses | $28,679 |
Information technology | $36,483 |
Royalties | $0 |
Occupancy | $193,082 |
Travel | $116,830 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $262 |
Conferences, conventions, and meetings | $188,544 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,034 |
Insurance | $14,872 |
All other expenses | $16,718 |
Total functional expenses | $4,604,779 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $193,218 |
Savings and temporary cash investments | $2,084,955 |
Pledges and grants receivable | $2,000,000 |
Accounts receivable, net | $117,450 |
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 | $62,740 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,500 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,460,863 |
Accounts payable and accrued expenses | $465,310 |
Grants payable | $0 |
Deferred revenue | $2,103,203 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,568,513 |
Net assets without donor restrictions | $1,892,350 |
Net assets with donor restrictions | $0 |
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 | $4,460,863 |
Over the last fiscal year, Pittsburgh Regional Alliance has awarded $80,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
ROBERT MORRIS UNIVERSITY PURPOSE: REIMAGINE RETAIL PROGRAM. | $50,000 |
ALLEGHENY CONFERENCE PURPOSE: HR TOOLKIT PROGRAM | $30,000 |