Civic Intelligence

Pittsburgh Technology Council

990 • Fiscal year 2014 • EIN 25-1437854

Sep 01, 2013 to Aug 31, 2014 • Filed on Jul 15, 2015

2000 Technology Drive15219

(412) 687-2700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.46x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.43x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

64th percentile

7.0%

Higher net margin than 64% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

86th percentile

$266,282

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

60th percentile

6.6%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,617,423

Up $161,048 (+6.6%) from 2013

Net Assets

Up

$1,408,752

Up $199,109 (+16%) from 2013

Liabilities

Down

$1,208,671

Down $38,061 (-3.1%) from 2013

Revenue

$2,825,009

No earlier filing loaded for comparison.

Expenses

Down

$2,626,171

Down $278,256 (-9.6%) from 2013

Net Income

$198,838

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,021,118Liabilities 2010: $1,179,288Net Assets 2010: $841,8302010Assets 2011: $2,474,445Liabilities 2011: $1,374,593Net Assets 2011: $1,099,8522011Assets 2012: $2,478,740Liabilities 2012: $1,222,498Net Assets 2012: $1,256,2422012Assets 2013: $2,456,375Liabilities 2013: $1,246,732Net Assets 2013: $1,209,6432013Assets 2014: $2,617,423Liabilities 2014: $1,208,671Net Assets 2014: $1,408,7522014Assets 2017: $2,566,636Liabilities 2017: $1,282,257Net Assets 2017: $1,284,3792017Assets 2018: $2,316,572Liabilities 2018: $1,044,496Net Assets 2018: $1,272,0762018Assets 2019: $2,815,149Liabilities 2019: $1,457,002Net Assets 2019: $1,358,1472019Assets 2020: $2,360,833Liabilities 2020: $889,990Net Assets 2020: $1,470,8432020Assets 2021: $3,501,251Liabilities 2021: $1,508,270Net Assets 2021: $1,992,9812021Assets 2022: $3,558,028Liabilities 2022: $1,334,824Net Assets 2022: $2,223,2042022

Highlighted filing

2014

Assets$2,617,423
Liabilities$1,208,671
Net Assets$1,408,752

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,636,4302010Expenses 2011: $2,565,8062011Expenses 2012: $2,814,6812012Expenses 2013: $2,904,4272013Revenue 2014: $2,825,009Expenses 2014: $2,626,171Net Income 2014: $198,8382014Revenue 2017: $2,907,262Expenses 2017: $2,898,244Net Income 2017: $9,0182017Revenue 2018: $2,822,118Expenses 2018: $2,834,421Net Income 2018: -$12,3032018Revenue 2019: $2,868,768Expenses 2019: $2,812,589Net Income 2019: $56,1792019Revenue 2020: $2,542,144Expenses 2020: $2,513,251Net Income 2020: $28,8932020Revenue 2021: $2,602,463Expenses 2021: $2,292,304Net Income 2021: $310,1592021Revenue 2022: $3,049,569Expenses 2022: $2,616,902Net Income 2022: $432,6672022

Highlighted filing

2014

Revenue$2,825,009
Expenses$2,626,171
Net Income$198,838
Jump To
Filing Snapshot
Filing Period
Sep 1, 2013 to Aug 31, 2014
Signed
Jul 15, 2015
Return Version
2013v4.0
Gross Receipts
$2,825,009
Mission and Program Overview

Mission

Membership organization formed to help tech companies succeed through a proven platform of business development, talent retention, government relations, and visibility services. Companies at all growth stages use the pittsburgh technology council to build new business.

Association of member companies that works to facilitate and promote the growth of technology in western pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,474,775$1,025,108▼ $449,667
Land, Buildings, and Equipment, Net$264,896$274,242▲ $9,346
Accounts Receivable$44,109$200,086▲ $155,977
Prepaid Expenses and Deferred Charges$172,746$140,487▼ $32,259
Investments Other Securities$1,000$1,000→ $0
Total Assets$2,456,375$2,617,423▲ $161,048
Other Assets Total$498,849$976,500▲ $477,651
Liabilities
Deferred Revenue$845,497$826,023▼ $19,474
Accounts Payable and Accrued Expenses$401,235$382,648▼ $18,587
Total Liabilities$1,246,732$1,208,671▼ $38,061
Net Assets / Fund Balance
Unrestricted Net Assets$1,209,643$1,408,752▲ $199,109
Total Net Assets Fund Balance$1,209,643$1,408,752▲ $199,109
Total Liabilities and Net Assets / Fund Balance$2,456,375$2,617,423▲ $161,048

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$170,223$1,422,637$1,592,860
Leasehold Improvements$104,019$172,128$276,147
Other Assets Org$9,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Audrey RussoPresident & CEOPT$216,047$50,235$266,282
Brian KennedyVP Membership ServicesFT$131,175$7,934$139,109
Joan KennedyVP Human ResourcesPT$128,860$8,113$136,973
Diane McmillenCFOPT$119,925$8,435$128,360
Joel ReedVP Business DevelopmentFT$106,823$12,116$118,939
Jonathan KerstingDirector of MarketingFT$101,693$13,144$114,837
Revenue and Support

Revenue Composition

Contributions and Grants
$48,882
Program Service Revenue
$2,768,440
Investment Income
$901
Other Revenue
$6,786
Change in Net Assets
$198,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,733,509
Revenue Not Reported on Financial Statements
$91,500
Revenue Not Reported on Form 990
$1,232,705
Other Revenue Adjustments
$91,500
Total Revenue per Audited Statements
$3,966,214
Total Revenue per Form 990
$2,825,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,443,195
Other Expenses$1,182,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$822,365
Current Officers, Directors, Trustees, and Key Employees---$367,443
Other Employee Benefits---$157,974
Occupancy---$134,810
Fees for Services Other---$131,894
Advertising---$95,665
Payroll Taxes---$95,413
Information Technology---$56,285
Depreciation Depletion---$50,760
Travel---$49,466
Fees for Services Accounting---$40,947
Fees for Services Legal---$32,815
Insurance---$23,601
All Other Expenses---$22,919
Office Expenses---$21,991
Other Expenses---$5,999
Total Functional Expenses$0$0$0$2,626,171

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,768,992
Total Expenses per Form 990$2,626,171
Expenses per Audited Statements$2,534,671
Expenses Not Reported on Form 990$1,234,321
Expenses Not Reported on Financial Statements$91,500
Other Expense Adjustments$91,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$14,299
Total Nondeductible Lobbying and Political Cost$14,299
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent cpa firm. After the cpa firm prepares the return, the director of finance does a full review of the form and discusses it with the cpa firm. After the director of finance reviews the form, she gives it to the president for her review and signature.

Form 990, Part VI, Section B, Line 12C

The organization requires the conflict of interest policies to be completed each year. The conflicts are examined by management and where a conflict exists appropriate actions are taken.

Form 990, Part VI, Section B, Line 15A

The president's compensation is reviewed and approved by an outside independent compensation consultant.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.

FORM 990, PART VII, SECTION A, LINE 1A:

Audrey russo, diane mcmillen, joan kennedy, and brian kennedy split their time between pittsburgh technology council and phtc services, inc.

Filing and Contact Details

Filer

EIN
25-1437854
Phone
4126872700

Signing Officer

Name
Officer
Title
President & CEO
Phone
4126872700
Signed
2015-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audrey Russo
Formed
1983
Legal Domicile
Pa
Voting Board Members
26
Independent Board Members
26
Employees
27
Volunteers
26

Preparer

Preparer
Rebekuh a Eley
Phone
4122812501
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require the council's management to evaluate tax positions taken by the council and recognize a tax liability (or asset) if the council has taken a position that is uncertain. An uncertain position is defined as one in which there is a 50% or greater likelihood that the position will not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the council and has concluded that, as of august 31, 2014, there are no uncertain tax positions taken or expected to be taken. The council has recognized no interest or penalties related to uncertain tax positions. The council is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Subsidiary revenue 1,232,705.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Intercompany eliminations 91,500.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Subsidiary expenses 1,234,321.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Intercompany eliminations 91,500.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)6 • $1M-$5M nonprofits