Startuptown
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Pittsburgh, PA
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 27-1727604
Organization Overview
Startuptown, operating under the name Avenu & Pittsburgh Innovation Distr, is located in Pittsburgh, PA. The organization was established in 2012. 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. As of 12/2021, Avenu & Pittsburgh Innovation Distr employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avenu & Pittsburgh Innovation Distr 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, Avenu & Pittsburgh Innovation Distr generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NEXT GENERATION PUBLIC-PRIVATE PARTNERSHIP - POWERED BY A COALITION OF CIVIC INSTITUTIONS REPRESENTING THE REGION'S UNIVERSITY, BUSINESS, PHILANTHROPIC, AND GOVERNMENT LEADERSHIP - TO ACCELERATE PITTSBURGH'S STATUS AS A GLOBAL INNOVATION CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INCLUSIVE INNOVATION, RESPONSIBLE NEIGHBORHOOD REVITALIZATION, AND A BROAD-BASED, ENTREPRENEURIAL CULTURE IN PITTSBURGH. IMPLEMENT RECOMMENDATAIONS FROM THE 2017, "CAPTURING THE NEXT ECONOMY: PITTSBURGH'S RISE AS A GLOBAL INNOVATION CITY" DEFINE, GROW AND CONNECT THE PITTSBURGH INNOVATION DISTRICT AND MANAGE THE AVENU WORKSPACES CO-WORKING PLATFORM. IMPROVE THE PIPELINE OF HIGH-GROWTH ENTREPRENEURS. BUILD AND SUPPORT PITTSBURGH'S INNOVATION CLUSTERS. INTENTIONALLY CONNECT STARTUP AND INNOVATION ECOSYSTEM PROGRAMMING TO WORKFORCE/UPSKILLING OPPORTUNITIES, NARRATIVE SHIFTING, AND NETWORK DEVELOPMENT EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Facher Chairman | Trustee | 5 | $0 |
D Tyler Gourley Board Member | Trustee | 5 | $0 |
Rick Siger Vice Chairpe | Trustee | 5 | $0 |
Joel Reed Board Member | Trustee | 5 | $0 |
Diamonte Walker Board Member | Trustee | 5 | $0 |
Felicity Williams Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agora Planning Consulting | 12/30/18 | $144,000 |
Tad Hale Transition Lead | 12/30/18 | $104,170 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $946,505 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,998 |
| Total Program Service Revenue | $301,278 |
| Investment income | $167 |
| 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 | $1,459,793 |
| 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 | $519,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,923 |
| Payroll taxes | $44,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397,246 |
| Advertising and promotion | $0 |
| Office expenses | $29,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,509 |
| Insurance | $5,901 |
| All other expenses | $4,241 |
| Total functional expenses | $1,328,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,696 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,302 |
| 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 | $0 |
| Net Land, buildings, and equipment | $390,956 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,976 |
| Total assets | $1,116,930 |
| Accounts payable and accrued expenses | $33,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $252,225 |
| Total liabilities | $285,513 |
| Net assets without donor restrictions | $341,948 |
| Net assets with donor restrictions | $489,469 |
| 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 | $1,116,930 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Startuptown has recieved totaling $3,075,000.
| Awarding Organization | Amount |
|---|---|
Hillman Family Foundations Pittsburgh, PA PURPOSE: INNOVATEPGH PHASE II - MAXIMIZING PITTSBURGH'S INNOVATION ECONOMY | $1,500,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: INNOVATEPGH PHASE II - MAXIMIZING PITTSBURGH'S INNOVATION ECONOMY | $600,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD TWO-YEAR SUPPORT OF A PUBLIC-PRIVATE PARTNERSHIP FOR NEW MOBILITY OPTIONS, PILOTING IN HAZELWOOD GREEN AND THE PITTSBURGH INNOVATION DISTRICT | $300,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TOWARD TWO-YEAR SUPPORT OF A PUBLIC-PRIVATE PARTNERSHIP FOR NEW MOBILITY OPTIONS, PILOTING IN HAZELWOOD GREEN AND THE PITTSBURGH INNOVATION DISTRICT | $300,000 |
Hillman Family Foundations Pittsburgh, PA PURPOSE: ESTABLISHING THE PITTSBURGH ROBOTICS NETWORK | $125,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO BUILD A ROBOTICS INDUSTRY CLUSTER NETWORK OF HIGHLY ENGAGED STAKEHOLDERS THAT FOSTERS BUSINESS GROWTH AND JOBS FOR A DIVERSE POOL OF TALENT | $125,000 |
Peer Organizations
| 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 |