Pittsburgh Promise Foundation

Organization Overview

Pittsburgh Promise Foundation is located in Pittsburgh, PA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Pittsburgh Promise Foundation employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Promise Foundation 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 06/2023, Pittsburgh Promise Foundation generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $12.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE PITTSBURGH FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED AN INITIAL $10 MILLION CONTRIBUTION AND THE REMAINING $90 MILLION WAS A CHALLENGE GRANT INTENDED TO SPUR A COMMUNITY-WIDE CAMPAIGN TO RAISE AN ADDITIONAL $150 MILLION FROM OTHER PRIVATE SOURCES, INCLUDING FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. OUR MISSION: THE PITTSBURGH PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AMONG URBAN YOUTH, FUNDS SCHOLARSHIPS FOR POST-SECONDARY ACCESS, AND FUELS A PREPARED AND DIVERSE REGIONAL WORKFORCE SEE CONTINUATION ON SCHEDULE OOUR VISION: WE ENVISION A FUTURE WHERE ALL OUR URBAN YOUTH ARE EQUIPPED TO REACH POST-SECONDARY SUCCESS, OUR PUBLIC SCHOOLS SERVE ALL CHILDREN EXCELLENTLY, OUR CITY IS FLOURISHING IN ALL ITS NEIGHBORHOODS, AND OUR WORKFORCE IS WIDELY DIVERSE AND HIGHLY SKILLED TO ADVANCE A REGION THAT IS GOOD AND JUST FOR ALL. OUR GUIDING PRINCIPLES: -EQUITY AND INCLUSION: WE ARE COMMITTED TO EDUCATIONAL, ECONOMINC, RACIAL, SOCIAL, AND CULTURAL EQUITY AND INCLUSION. -EXCELLENCE: WE CONDUCT OUR WORK WITH URGENCY, STEWARD OUR RESOURCES PRUDENTLY, AND APPLY THE HIGHEST STANDARDS OF PROFESSIONALISM. -INTEGRITY: WE DEMONSTRATE ACCOUNTABILITY TO OUR STUDENTS, FAMILIES, AND COMMUNITY PARTNERS BY PERFORMING OUR WORK WITH TRANSPARENCY, DISCIPLINE, AND COMPASSION. -IMPACT: WE REGULARLY EVALUATE OUR IMPACT AND USE DATA AND RESEARCH TO GUIDE OUR DECISION-MAKING. -COMMITMENT: WE ARE DRIVEN BY A PASSION FOR OUR VISION AND MISSION AND A BELIEF THAT OUR WORK STRENGTHENS THE REGION, INSPIRES SYSTEMIC CHANGE, AND TRANSFORMS LIVES. THE PITTSBURGH PROMISE CONDUCTS OUTREACH IN ALL PITTSBURGH PUBLIC HIGH SCHOOLS AND ITS CHARTERS IN AN EFFORT TO CULTIVATE RELATIONSHIPS AND PROMOTE ACHIEVEMENT. IN ADDITION, THEY DEPLOY PROMISE COACHES IN THREE HIGH SCHOOLS TO PROMOTE PROMISE USAGE AND POST-SECONDARY PLANNING: PERRY, CARRICK AND UPREP/MILLIONES. IN CONJUNCTION WITH THE COACHING INITIATIVE, THE PROMISE HOLDS COLLEGE AND CAREER EXPOSURE EVENTS FOR STUDENTS IN THESE THREE SCHOOLS. AS OF JUNE 2023, THE PITTSBURGH PROMISE'S RESULTS INCLUDE THE FOLLOWING: -MORE THAN 11,314 STUDENTS RECEIVED $169.1 MILLION IN PROMISE SCHOLARSHIPS; -THEY ATTENDED 147 POST-SECONDARY INSTITUTIONS ACROSS PENNSYLVANIA; -MORE THAN 4010 STUDENTS HAVE GRADUATED WITH A POST-SECONDARY DEGREE OR CERTIFICATION -PROMISE ALUMNI ARE WORKING AND CONTRIBUTING TO MORE THAN 650 ORGANIZATIONS IN OUR REGION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Plus Consulting Llc
Software Development Services
$330,761
Bcauses Llc
Professional Fundraising Services
$134,003
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$62,013
Membership dues$0
Fundraising events$1,821,472
Related organizations$1,058,104
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,987,120
Noncash contributions included in lines 1a–1f $23,178
Total Revenue from Contributions, Gifts, Grants & Similar$10,928,709
Total Program Service Revenue$0
Investment income $1,183,363
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,680
Net Gain/Loss on Asset Sales -$1,873,441
Net Income from Fundraising Events -$129,802
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,120,509

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The M S Hershey Foundation
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University Of Pittsburgh And Upmc Medical And Health Sciences Fdn
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$13,108,322
Hospice Foundation Of Western New York Inc
Cheektowaga, NY
$13,712,769
Pittsburgh Promise Foundation
Pittsburgh, PA
$10,120,509
Student Leadership Network Inc
New York, NY
$18,754,862
American Friends Of Leket Israel Inc
Teaneck, NJ
$14,446,368
Tomchai Torah Beretz Yisrael Inc
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Englewood Hospital And Medical Center Foundation Inc
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$13,128,037
Enveritas Inc
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Shuvu Return Inc
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Poise Foundation
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$11,325,031
Travis Manion Foundation
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$11,104,104

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