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 12/2021, Pittsburgh Regional Alliance generated $2.0m 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 (11.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 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
2021
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
ALONG WITH OUR AFFILIATES AND OUR REGIONAL INVESTOR COUNCIL PARTNERS WE HAVE GROWN OUR ECONOMY BY SECURING BUSINESS INVESTMENT AND IMPROVING TALENT AVAILABILITY, WITH AN EMPHASIS ON DIVERSE TALENT. -SECURED 36 WINS, 2,366 NEW JOBS, 638 RETAINED JOBS AND $331 MILLION IN CAPITAL INVESTMENT AND DEVELOPED A GROWING PIPELINE OF 163 ACTIVE LEADS AND PROJECTS, REPRESENTING 20,771 NEW AND 631 RETAINED JOBS AND$7.3 BILLION IN CAPITAL INVESTMENT. -LEVERAGED PITTSBURGH REGION "NEXT IS NOW" TO GET OUR MESSAGE TO BUSINESS DECISION-MAKERS IN TARGET SECTORS, INCLUDING DEPLOYMENT OF THE BRAND IN FIVE DOMESTIC MARKETS, NEW YORK CITY, BOSTON, SAN FRANCISCO, WASHINGTON, D.C., AND PITTSBURGH. LAUNCHED A WEEKLY NEWSLETTER AND BLOG, AND NATIONAL PUBLIC RELATIONS EFFORTS THAT GENERATED 84 PIECES OF EARNED MEDIA WITH A TOTAL REACH OF ALMOST 600 MILLION, ACROSS NATIONAL, REGIONAL AND TRADE PUBLICATIONS. -IN PARTNERSHIP WITH THE REGIONAL INDUSTRIAL DEVELOPMENT CORPORATION, RELEASED FOREFRONT: SECURING PITTSBURGH'S BREAKOUT POSITION IN AUTONOMOUS MOBILE SYSTEMS, A COMPREHENSIVE STUDY FUNDED BY THE RICHARD KING MELLON FOUNDATION TO OUTLINE THE COORDINATED, REGIONAL INVESTMENT AND PUBLIC POLICY THAT IS NEEDED TO ENSURE PITTSBURGH SECURES A BREAKOUT POSITION IN AUTONOMOUS MOBILE SYSTEMS, PROJECTED TO BE A $1 TRILLION GLOBAL INDUSTRY BY 2026. STUDY RECOMMENDATIONS ARE BEING ADVANCED IN PARTNERSHIP WITH KEY REGIONAL STAKEHOLDERS. -SUCCESSFULLY WORKED WITH THE GREAT LAKES METRO CHAMBERS COALITION TO ENDORSE THE ENDLESS FRONTIERS ACT (NOW CALLED U.S. INNOVATION AND COMPETITION ACT), WHICH WILL DEVELOP AN ANNUAL STRATEGY FOR THE FEDERAL GOVERNMENT TO IMPROVE NATIONAL COMPETITIVENESS IN SCIENCE, RESEARCH AND INNOVATION TO SUPPORT NATIONAL SECURITY AS WELL AS PROVIDE $52 BILLION WORTH OF INCENTIVES TO ADDRESS SUPPLY CHAIN ISSUES AND INCREASE SEMICONDUCTOR/MICROCHIP PRODUCTION IN THE U.S. -CONTINUED TO GROW THE PITTSBURGH PASSPORT PROGRAM DURING THE PANDEMIC, WITH A CUMULATIVE TOTAL ENGAGEMENT OF MORE THAN 5,000 COLLEGE STUDENTS FROM 41 COUNTRIES AND 39 STATES, MORE THAN 40% OF WHICH ARE DIVERSE TALENT, EXPOSING THEM TO POST-GRADUATION CAREER AND QUALITY OF LIFE OPPORTUNITIES THROUGHOUT THE PITTSBURGH REGION. DURING YEAR ONE, WE COLLECTED DATA ON THE IMPACT OF THE PROGRAM ON DECISIONS TO ACCEPT JOBS IN THE PITTSBURGH REGION AND DEMONSTRATED THAT IT INCREASED JOB OFFER-TO-HIRE RATIOS FOR OUR LARGEST COMPANIES BY MORE THAN 30%. (WE DID NOT COLLECT SIMILAR DATA DURING THE TWO PANDEMIC PIVOT YEARS DUE TO THE INABILITY TO HOLD IN-PERSON IMMERSION EVENTS IN THE REGION FOR STUDENTS, A KEY TO THE SELL.) HAVING DEMONSTRATED PROOF OF CONCEPT, GOING FORWARD THE PASSPORT IS TO BECOME A SIGNIFICANT ELEMENT OF AN INTENSIFIED AND COMPREHENSIVE APPROACH TO ENGAGING COLLEGE TALENT WITH EMPLOYERS, ARTS/RECREATION OPPORTUNITIES, AND OTHER KEY STAKEHOLDERS FROM DAY 1 ON CAMPUS TO GRADUATION. IN 2021 WE BEGAN THE DEVELOPMENT OF THE INITIATIVE FOR IMPLEMENTATION IN 2022. -LAID THE GROUNDWORK TO LAUNCH A REMOTE WORKER ATTRACTION PROGRAM FOCUSED ON HIGH-DEMAND TALENT AS PART OF AN OVERALL TALENT ATTRACTION PROGRAM TO HELP ADDRESS ONGOING LABOR FORCE AND POPULATION CHALLENGES THAT ACCELERATED DURING THE PANDEMIC. WORKED WITH PARTNER ORGANIZATIONS TO BUILD OUT A COALITION OF PROFESSIONAL AND COMMUNITY NETWORKS NEEDED TO RETAIN TALENT. -GREW AN ACTIVE TALENT COUNCIL TO MORE THAN 50 MEMBERS THAT SHARE BEST PRACTICES IN DEI, WORKFORCE SHORTAGES AND RECRUITING, AND COLLABORATE ON TALENT ATTRACTION AND RETENTION. CONNECTED 40+ MEMBER COMPANIES TO THREE NATIONAL TALENT ORGANIZATIONS TO IMPROVE ACCESS AND CONNECTION TO DIVERSE TALENT PIPELINES. ACTIVELY MANAGING A PIPELINE OF MORE THAN 20 ORGANIZATIONS TO IMPROVE PROFESSIONAL AND SOCIAL NETWORKS FOR TALENT WITH A FOCUS ON DIVERSE TALENT. -LAUNCHED A PROGRAM TO SPECIFICALLY RETAIN AND SUPPORT LOCAL STARTUPS IN THE REGION AND SHAPE STRATEGIES TO SUPPORT THE LOCAL GROWTH AND EXPANSION NEEDS. - PARTNERED WITH VIBRANT PITTSBURGH ON THE 2021 VIBRANT INDEX TO PROVIDE A REGIONAL SNAPSHOT OF EMPLOYERS' DEI PRACTICES. PARTICIPATION IN THE INDEX INCREASED FROM 51 ORGANIZATIONS IN 2020 TO 78 IN 2021.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stefani Pashman CEO | OfficerTrustee | 9 | $0 |
William S Demchak Chair | OfficerTrustee | 2 | $0 |
Mark Thomas President, Pra | Officer | 29 | $0 |
Janel Skelley CFO | Officer | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Burning Glass Technologies Professional Services | 12/30/16 | $150,000 |
Maya Design Inc Professional Services | 12/30/16 | $120,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $1,912,933 |
Government grants | $68,409 |
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 | $1,981,342 |
Total Program Service Revenue | $0 |
Investment income | $734 |
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 | $1,982,076 |
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 | $5,173 |
Fees for services: Accounting | $17,161 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $143,150 |
Advertising and promotion | $34,724 |
Office expenses | $15,152 |
Information technology | $19,806 |
Royalties | $0 |
Occupancy | $115,667 |
Travel | $32,829 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $54,854 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,444 |
Insurance | $7,779 |
All other expenses | $13,772 |
Total functional expenses | $1,982,076 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,013,362 |
Savings and temporary cash investments | $1,994,358 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $95,785 |
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 | $6,369 |
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 | $4,112,374 |
Accounts payable and accrued expenses | $256,878 |
Grants payable | $0 |
Deferred revenue | $1,963,146 |
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 | $2,220,024 |
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 | $4,112,374 |
Over the last fiscal year, Pittsburgh Regional Alliance has awarded $80,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Moon Township, PA PURPOSE: REIMAGINE RETAIL PROGRAM. | $50,000 |
Pittsburgh, PA PURPOSE: HR TOOLKIT PROGRAM | $30,000 |
Over the last fiscal year, we have identified 2 grants that Pittsburgh Regional Alliance has recieved totaling $2,037,933.
Awarding Organization | Amount |
---|---|
Allegheny Conference On Community Development Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $1,233,545 |
Allegheny Conference On Community Development Pittsburgh, PA PURPOSE: PROJECT SUPPORT | $804,388 |
Organization Name | Assets | Revenue |
---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |