25 Carrick Ave Project
- Assets
- $865.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 06/2023
- EIN
- 84-2121534
Organization Overview
25 Carrick Ave Project, operating under the name Tech 25, is located in Pittsburgh, PA. As of 06/2023, Tech 25 employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech 25 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, Tech 25 generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 66.4% each year . All expenses for the organization totaled $532.3k during the year ending 06/2023. While expenses have increased by 36.4% per year over the past 2 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
TO PROVIDE YOUTH AND ADULTS WITH CAREER OPPORTUNITIES IN THE EVENT PRODUCTION AND BROADCAST INDUSTRY THROUGH CLASSES, WORKSHOPS, AND HANDS-ON MENTORING. WITH THIS, WE AIM TO PROVIDE EDUCATION, VOCATIONAL, AND CERTIFICATION PROGRAMS THAT LEAD TO LIVING-WAGE CAREERS IN THE ENTERTAINMENT TECHNOLOGY FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PROVIDING YOUTH AND ADULTS WITH EXCITING CAREER OPPORTUNITIES IN THE EVENT PRODUCTION AND BROADCAST INDUSTRY THROUGH CLASSES IN SCHOOLS IN THE SURRONDING AREA.
COMMUNITY: TO PROVIDE AN EVENT SPACE AND HOST COMMUNITY EVENTS FOR CARRICK AND ALLEGHENY COUNTY RESIDENTS.
WORKFORCE DEVELOPMENT:PROVIDING YOUTH AND ADULTS WITH EXCITING CAREER OPPORTUNITIES IN THE EVENT PRODUCTION AND BROADCAST INDUSTRY THROUGH ON SITE WORKSHOPS AND HANDS-ON MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Bjornson Board Member | Trustee | 2 | $0 |
Pete Spynda Executive Director | OfficerTrustee | 40 | $60,151 |
Stephen Koledin President | Trustee | 2 | $0 |
Mike Fertig Board Member | Trustee | 2 | $0 |
Dr Sherry Miller Brown Board Member | Trustee | 2 | $0 |
Wayne Anderson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $895,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $911,480 |
| Total Program Service Revenue | $140,174 |
| Investment income | $2,633 |
| 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 | $1,054,287 |
| 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. | $62,459 |
| Compensation of current officers, directors, key employees. | $9,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $272,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $21,222 |
| Advertising and promotion | $6,808 |
| Office expenses | $10,103 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,553 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,555 |
| Insurance | $4,552 |
| All other expenses | $142 |
| Total functional expenses | $532,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $4,279 |
| 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 | $1,500 |
| Net Land, buildings, and equipment | $101,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,886 |
| Total assets | $865,045 |
| Accounts payable and accrued expenses | $46,293 |
| 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 | $91,024 |
| Total liabilities | $137,317 |
| Net assets without donor restrictions | $129,585 |
| Net assets with donor restrictions | $598,143 |
| 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 | $865,045 |