Southwestern Pennsylvania Corporation
- Assets
- $16.3m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 63
- Location
- Pittsburgh, PA
- Founding
- 07/2012
- Data as of
- 06/2023
- EIN
- 27-3720942
Organization Overview
Southwestern Pennsylvania Corporation is located in Pittsburgh, PA. The organization was established in 2012. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Southwestern Pennsylvania Corporation employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Pennsylvania Corporation 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, Southwestern Pennsylvania Corporation generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $10.2m during the year ending 06/2023. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PLAN, PROMOTE, AND COORDINATE TRANSPORTATION AND ECONOMIC DEVELOPMENT OF THE SW PA REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHWESTERN PA CORPORATION IS THE ADMINISTRATIVE AND OPERATING ARM OF SOUTHWESTERN PA COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Fitzgerald Director | Trustee | 1 | $0 |
Leslie A Osche Chair | OfficerTrustee | 1 | $0 |
Mike Belding Director | Trustee | 1 | $0 |
Sherene Hess Director | Trustee | 1 | $0 |
Pat Fabian Vice-Chair | OfficerTrustee | 1 | $0 |
Vincent A Vicites Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Next Architecture Architect Consultant | 6/29/23 | $129,825 |
Whitman Requardt & Associates Engineering Consultant | 6/29/23 | $417,287 |
Chatham Ii Limited Partnership Consultant | 6/29/23 | $674,242 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,253,481 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,327,296 |
| Total Program Service Revenue | $2,846,406 |
| Investment income | $0 |
| 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 | $10,173,702 |
| 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. | $627,898 |
| Compensation of current officers, directors, key employees. | $441,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,759,035 |
| Pension plan accruals and contributions | $260,681 |
| Other employee benefits | $1,419,858 |
| Payroll taxes | $292,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,082 |
| Fees for services: Accounting | $14,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,762,698 |
| Advertising and promotion | $12,031 |
| Office expenses | $370,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $689,884 |
| Travel | $84,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,678 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $73,919 |
| All other expenses | $7,915 |
| Total functional expenses | $10,224,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,719,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,354,349 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,004 |
| Net Land, buildings, and equipment | $750,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,452,431 |
| Total assets | $16,338,231 |
| Accounts payable and accrued expenses | $2,360,106 |
| Grants payable | $0 |
| Deferred revenue | $4,799,905 |
| 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 | $2,988,893 |
| Other liabilities | $6,237,548 |
| Total liabilities | $16,386,452 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$48,221 |
| 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 | $16,338,231 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwestern Pennsylvania Corporation Pittsburgh, PA | $16,338,231 | $10,173,702 |
Inclusiv Inc New York, NY | $72,784,355 | $11,935,667 |
Manchester-Bidwell Corporation Pittsburgh, PA | $8,995,084 | $5,347,760 |
Public Policy Lab Brooklyn, NY | $1,060,182 | $2,673,689 |
Participatory Budgeting Project Inc Brooklyn, NY | $1,408,769 | $2,419,337 |
North Hudson Regional Council Of Mayors Union City, NJ | $621,175 | $1,572,383 |
Ohio Association Of Election Newark, OH | $293,494 | $359,885 |
Center Plaza Foundation Inc Baltimore, MD | $252,954 | $328,645 |
Rocket Innovations Corp Toledo, OH | $2,319,652 | $16,029 |
Paulding County Economic Development Office Paulding, OH | $293,373 | $298,199 |
Institute For Law And Economic Policy Inc Jenkintown, PA | $337,737 | $242,888 |
Step Two Policy Group Inc New York, NY | $87,463 | $300,047 |
Ministerios Ciudad Y Reino Cleveland, OH | $13,858 | $0 |
Helix Strategy Center Nanuet, NY | $4,080 | $0 |
New Jersey Credit Union League East Windsor, NJ | $0 | $0 |