Civic Intelligence

Pittsburgh Technology Council

990 • Fiscal year 2017 • EIN 25-1437854

Sep 01, 2016 to Aug 31, 2017 • Filed on Apr 25, 2018

2000 Technology DrivePittsburgh, PA 15219

(412) 687-2700

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.50x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.44x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

34th percentile

0.3%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$255,417

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

74th percentile

12%

Faster revenue growth than 74% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,566,636

Down $50,787 (-1.9%) from 2014

Net Assets

Down

$1,284,379

Down $124,373 (-8.8%) from 2014

Liabilities

Up

$1,282,257

Up $73,586 (+6.1%) from 2014

Revenue

Up

$2,907,262

Up $82,253 (+2.9%) from 2014

Expenses

Up

$2,898,244

Up $272,073 (+10%) from 2014

Net Income

Down

$9,018

Down $189,820 (-95%) from 2014

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

2017

Assets$2,566,636
Liabilities$1,282,257
Net Assets$1,284,379

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

2017

Revenue$2,907,262
Expenses$2,898,244
Net Income$9,018
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Apr 25, 2018
Return Version
2016v3.0
Gross Receipts
$2,907,262
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.

Helps tech companies succeed through business development and talent retention services

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$868,109$962,282▲ $94,173
Accounts Receivable$152,127$421,868▲ $269,741
Savings and Temporary Cash Investments$324,409$325,194▲ $785
Prepaid Expenses and Deferred Charges$146,613$154,621▲ $8,008
Land, Buildings, and Equipment, Net$161,464$110,853▼ $50,611
Investments Other Securities$1,000$1,000→ $0
Total Assets$2,304,847$2,566,636▲ $261,789
Other Assets Total$651,125$590,818▼ $60,307
Liabilities
Deferred Revenue$870,812$1,019,776▲ $148,964
Accounts Payable and Accrued Expenses$158,674$256,981▲ $98,307
Other Liabilities$0$5,500▲ $5,500
Total Liabilities$1,029,486$1,282,257▲ $252,771
Net Assets / Fund Balance
Unrestricted Net Assets$1,275,361$1,284,379▲ $9,018
Total Net Assets Fund Balance$1,275,361$1,284,379▲ $9,018
Total Liabilities and Net Assets / Fund Balance$2,304,847$2,566,636▲ $261,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,478$1,119,821$1,149,299
Equipment$36,975$490,875$527,850
Leasehold Improvements$44,400$230,647$275,047
Other Assets Org$590,818--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Audrey RussoPresident and CEOPT$236,447$18,970$255,417
Brian KennedySenior VP of OperationsFT$143,281$8,561$151,842
Albert GuskyCFOFT$105,628$18,112$123,740

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,856,044
Investment Income
$785
Other Revenue
$50,433
Change in Net Assets
$9,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,585,461
Other Expenses$1,312,783
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons---$930,199
Current Officers, Directors, Trustees, and Key Employees---$390,888
Occupancy---$158,269
Payroll Taxes---$106,684
Advertising---$101,387
Other Employee Benefits---$80,402
Pension Plan Contributions---$77,288
Information Technology---$74,623
Office Expenses---$68,339
Travel---$60,458
Depreciation Depletion---$57,201
Fees for Services Other---$42,668
Insurance---$26,438
Fees for Services Accounting---$17,542
All Other Expenses---$16,839
Other Expenses---$4,008
Fees for Services Legal---$1,909
Total Functional Expenses$0$0$0$2,898,244
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Fortyx80$5,500
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
Yes
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 11B

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. Then the Director of Finance reviews the form, it is given to the President for her review and signatures. Reviews by the board are done at quarterly board meetings.

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

Conflict of interest policies are to be completed each year. They are examined by management and where a conflict exists the appropriate actions are taken.

Form 990, Part VI, Section B, line 15

Data is compiled from an outside consulting firm. This data is taken in front of the compensation committee. The compensation committee decides whether to approve or deny all officer or key employee compensation.

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.

Filing and Contact Details

Filer

Filer Name
Pittsburgh Technology Council
EIN
25-1437854
Phone
4126872700
Address
2000 Technology Drive, Pittsburgh, PA 15219

Signing Officer

Name
Audrey Russo
Title
President and CEO
Phone
4126872700
Signed
2018-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audrey Russo
Formed
1983
Legal Domicile
Pa
Voting Board Members
29
Independent Board Members
29
Employees
22
Volunteers
29

Preparer

Firm
Cohen & Company Ltd
Address
OFFICES LISTED AT, WWWCOHENCPACOM, OH 44115
Preparer
Kerry R Gubics
Phone
8002291099
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The organization recognizes and discloses uncertain tax positions in accordance with accounting principles generally accepted in the united states of america (gaap). As of, and during the year ended august 31, 2017, the organization did not have a liability for unrecognized tax benefits.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRector
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIrector
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRector
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIREctor
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT AND CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt31SENIOR VP OF OPERATIONS
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IRS990/ProgramServiceRevenueGrp/Desc0MEETINGS & SERVICES
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