Civic Intelligence

Pittsburgh Downtown Partnership

990 • Fiscal year 2016 • EIN 25-1728064

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 01, 2017

925 Liberty Ave Ewart Bldg No 4 FLPittsburgh, PA 15222

(412) 566-4190

Siviq Scores

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

Liabilities / Assets

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.10x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

78th percentile

$206,698

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

32%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,352,137

Down $97,433 (-2.8%) from 2015

Net Assets

Down

$2,800,184

Down $41,536 (-1.5%) from 2015

Liabilities

Down

$551,953

Down $55,897 (-9.2%) from 2015

Revenue

Up

$5,339,436

Up $1,281,880 (+32%) from 2015

Expenses

Up

$5,380,972

Up $1,191,734 (+28%) from 2015

Net Income

Up

-$41,536

Up $90,146 (+68%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $2,818,180Liabilities 2010: $317,894Net Assets 2010: $2,500,2862010Assets 2011: $2,960,498Liabilities 2011: $412,518Net Assets 2011: $2,547,9802011Assets 2012: $3,475,078Liabilities 2012: $714,372Net Assets 2012: $2,760,7062012Assets 2013: $3,316,838Liabilities 2013: $518,865Net Assets 2013: $2,797,9732013Assets 2014: $3,454,421Liabilities 2014: $481,019Net Assets 2014: $2,973,4022014Assets 2015: $3,449,570Liabilities 2015: $607,850Net Assets 2015: $2,841,7202015Assets 2016: $3,352,137Liabilities 2016: $551,953Net Assets 2016: $2,800,1842016Assets 2017: $4,253,667Liabilities 2017: $606,955Net Assets 2017: $3,646,7122017Assets 2018: $3,821,657Liabilities 2018: $1,096,168Net Assets 2018: $2,725,4892018Assets 2019: $3,838,301Liabilities 2019: $779,943Net Assets 2019: $3,058,3582019Assets 2020: $5,197,454Liabilities 2020: $713,410Net Assets 2020: $4,484,0442020Assets 2021: $7,196,245Liabilities 2021: $844,790Net Assets 2021: $6,351,4552021Assets 2022: $7,745,567Liabilities 2022: $1,604,510Net Assets 2022: $6,141,0572022Assets 2023: $9,911,309Liabilities 2023: $1,811,822Net Assets 2023: $8,099,4872023Assets 2024: $10,321,387Liabilities 2024: $2,226,909Net Assets 2024: $8,094,4782024

Highlighted filing

2016

Assets$3,352,137
Liabilities$551,953
Net Assets$2,800,184

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,473,4982010Expenses 2011: $3,644,6362011Expenses 2012: $3,216,2632012Revenue 2013: $3,383,490Expenses 2013: $3,346,223Net Income 2013: $37,2672013Revenue 2014: $3,660,690Expenses 2014: $3,485,261Net Income 2014: $175,4292014Revenue 2015: $4,057,556Expenses 2015: $4,189,238Net Income 2015: -$131,6822015Revenue 2016: $5,339,436Expenses 2016: $5,380,972Net Income 2016: -$41,5362016Revenue 2017: $5,674,549Expenses 2017: $4,828,021Net Income 2017: $846,5282017Revenue 2018: $4,302,342Expenses 2018: $5,223,565Net Income 2018: -$921,2232018Revenue 2019: $5,537,192Expenses 2019: $5,204,323Net Income 2019: $332,8692019Revenue 2020: $6,457,703Expenses 2020: $5,009,020Net Income 2020: $1,448,6832020Revenue 2021: $9,045,212Expenses 2021: $7,176,860Net Income 2021: $1,868,3522021Revenue 2022: $6,178,674Expenses 2022: $6,266,009Net Income 2022: -$87,3352022Revenue 2023: $9,502,366Expenses 2023: $7,977,732Net Income 2023: $1,524,6342023Revenue 2024: $12,457,505Expenses 2024: $12,711,583Net Income 2024: -$254,0782024

Highlighted filing

2016

Revenue$5,339,436
Expenses$5,380,972
Net Income-$41,536
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 1, 2017
Return Version
2016v3.0
Gross Receipts
$5,339,436
Mission and Program Overview

Mission

To advance initiatives that foster economic vitality and improve downtown life - for a moment or for a lifetime.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,528,812$2,275,260▼ $253,552
Land, Buildings, and Equipment, Net$533,768$441,830▼ $91,938
Pledges and Grants Receivable$106,257$281,371▲ $175,114
Accounts Receivable$72,550$111,511▲ $38,961
Cash and Non-Interest-Bearing Accounts$72,196$106,529▲ $34,333
Other Notes and Loans Receivable, Net$105,000$105,000→ $0
Prepaid Expenses and Deferred Charges$30,987$30,636▼ $351
Total Assets$3,449,570$3,352,137▼ $97,433
Liabilities
Accounts Payable and Accrued Expenses$502,850$446,953▼ $55,897
Mortgage Notes Payable Secured by Investment Property$105,000$105,000→ $0
Total Liabilities$607,850$551,953▼ $55,897
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,894,992$1,840,779▼ $54,213
Unrestricted Net Assets$946,728$959,405▲ $12,677
Total Net Assets Fund Balance$2,841,720$2,800,184▼ $41,536
Total Liabilities and Net Assets / Fund Balance$3,449,570$3,352,137▼ $97,433

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$434,314$1,016,093$1,450,407
Leasehold Improvements$7,516$7,607$15,123
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy WaldrupPresident & CEOFT$171,892$34,806$206,698
Russell HowardVP of Special Events and DevelopmentFT$153,462$23,265$176,727
Cindy DayVice President of FinanceFT$78,814$3,593$82,407

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By BlockClean And Safe Services1325 SOUTH FAYETTE STREET, Louisville, KY 40208$912,140
Gehl Institute INCEnvision Downtown ProjectC/O HOLLAND AND KNIGHT LLP 31 WEST, New York, NY 10019$191,000
Oakland Business Improvement DistriWayfinding Design235 ATWOOD STREET, Pittsburgh, PA 15213$188,663
Maya DesignDesign Services444 LIBERTY AVENUE, Pittsburgh, PA 15222$180,000
Flyspace Productions LLCProduction Management2705 N CHARLES STREET, Pittsburgh, PA 15212$160,713
Revenue and Support

Revenue Composition

Contributions and Grants
$3,144,014
Program Service Revenue
$2,191,110
Investment Income
$4,312
Other Revenue
$0
All Other Contributions
$2,725,527
Change in Net Assets
$-41,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,339,436
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$76,640
Total Revenue per Audited Statements
$5,416,076
Total Revenue per Form 990
$5,339,436
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,049,365
Salaries, Compensation, and Employee Benefits$1,226,666
Total Fundraising Expense$123,685
Grants and Similar Amounts Paid$104,941
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,220,401$31,175-$1,251,576
Advertising$1,231,241$1,042-$1,232,283
Other Salaries and Wages$676,568$17,819$65,552$759,939
Current Officers, Directors, Trustees, and Key Employees$194,187$53,435$41,484$289,106
Depreciation Depletion-$124,958-$124,958
Grants to Domestic Orgs$104,941--$104,941
Occupancy$33,342$59,076-$92,418
Office Expenses$8,388$78,465$2,500$89,353
Payroll Taxes$74,075$6,695$6,453$87,223
Other Employee Benefits$62,914$1,660$6,039$70,613
Conferences and Meetings$8,193$51,077-$59,270
Insurance$1,010$31,614-$32,624
Other Expenses$28,792$30,420-$28,792
All Other Expenses$7,988$15,889-$23,877
Pension Plan Contributions$17,777$351$1,657$19,785
Travel$4,918$11,988-$16,906
Fees for Services Accounting-$14,642-$14,642
Fees for Services Legal-$2,248-$2,248
Total Functional Expenses$4,724,733$532,554$123,685$5,380,972

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,457,612
Expenses per Audited Statements$5,380,972
Total Expenses per Form 990$5,380,972
Expenses Not Reported on Form 990$76,640
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greater Pittsburgh Arts CouncilPittsburgh, PA501 (c) 3Renew Festival$104,941
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has dues paying members elect the members of the governing body.

Form 990, Part VI, Section A, Line 7A

Dues paying members annually elect members of the governing body (board of directors) at the organizational annual meeting.

Form 990, Part VI, Section B, Line 11B

The form 990 is presented and discussed with the audit committee and finance committee with the paid preparer on hand to answer questions. The executive committee then also reviewed and approved the return. Once approval was completed, a pdf version of the 990 was e-mailed to the full governing body for review. Once all questions and comments were addressed, the 990 was filed with the irs.

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

Annually, conflict of interest statements are completed by the governing board. Any conflicts are reviewed by the board and the ceo and are addressed.

Form 990, Part VI, Section B, Line 15

A compensation subcommittee of the board determines compensation. The committee obtains and relies upon appropriate data as to comparability prior to approving the terms of compensation. Appropriate data includes compensation levels paid by similar services in the geographic area of the partnership, current compensation surveys compiled by independant firms, and actual written offers from similar institutions competing for the services of the person who is the subject of the compensation arrangement.

Form 990, Part VI, Section C, Line 19

The partnership makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pittsburgh Downtown Partnership
EIN
25-1728064
Phone
4125664190
Address
925 LIBERTY AVE EWART BLDG NO 4 FL, PITTSBURGH, PA 15222

Signing Officer

Name
Jeremy Waldrup
Title
President and CEO
Phone
4125664190
Signed
2017-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Waldrup
Formed
1993
Legal Domicile
Pa
Voting Board Members
45
Independent Board Members
44
Employees
28
Volunteers
2,689

Preparer

Firm
Maher Duessel
Address
503 MARTINDALE STREET, PITTSBURGH, PA 15212
Preparer
Deanna Conte
Phone
4124715500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Clean and safe team: program service expenses 897,882. Management and general expenses 0. Fundraising expenses 0. Total expenses 897,882. Transportation consultants: program service expenses 50,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,400. Economic development consultants: program service expenses 272,119. Management and general expenses 0. Fundraising expenses 0. Total expenses 272,119. Payroll services: program service expenses 0. Management and general expenses 3,082. Fundraising expenses 0. Total expenses 3,082. Other administrative services: program service expenses 0. Management and general expenses 28,093. Fundraising expenses 0. Total expenses 28,093.

Raw XML AppendixShowing 400 of 838 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
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IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD L BEYNON
IRS990/Form990PartVIISectionAGrp/PersonNm1HERBERT BURGER
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMIE CAMPOLONGO
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID CASE
IRS990/Form990PartVIISectionAGrp/PersonNm4DEBRA DONLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5E GERRY DUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL BRUNNER
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS B GREALISH
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS J HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm9GRANT MASON
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm12CLARE MEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm13TOM MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID ONORATO
IRS990/Form990PartVIISectionAGrp/PersonNm15JOHN R ROACH
IRS990/Form990PartVIISectionAGrp/PersonNm16MERRILL STABILE
IRS990/Form990PartVIISectionAGrp/PersonNm17AARON STAUBER
IRS990/Form990PartVIISectionAGrp/PersonNm18THOMAS L VANKIRK
IRS990/Form990PartVIISectionAGrp/PersonNm19JAKE WHEATLEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm20GEORGE WHITMER
IRS990/Form990PartVIISectionAGrp/PersonNm21RDANIEL LAVELLE
IRS990/Form990PartVIISectionAGrp/PersonNm22RICH FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm23MELISSA DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm24MARIANN GEYER
IRS990/Form990PartVIISectionAGrp/PersonNm25LARRY JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm26CRAIG R STAMBAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm27JAMES BLUE
IRS990/Form990PartVIISectionAGrp/PersonNm28MELANIE HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm29LUCAS PIATT
IRS990/Form990PartVIISectionAGrp/PersonNm30THOMAS HALL
IRS990/Form990PartVIISectionAGrp/PersonNm31DANIEL CESSNA
IRS990/Form990PartVIISectionAGrp/PersonNm32GRANT GITTLEN
IRS990/Form990PartVIISectionAGrp/PersonNm33ROBERT RUBINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm34JANICE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm35DANIEL ONORATO
IRS990/Form990PartVIISectionAGrp/PersonNm36IZZY RUDOLPH
IRS990/Form990PartVIISectionAGrp/PersonNm37MATTHEW STERNE
IRS990/Form990PartVIISectionAGrp/PersonNm38KEN RICE
IRS990/Form990PartVIISectionAGrp/PersonNm39KENNETH LYLE
IRS990/Form990PartVIISectionAGrp/PersonNm40APPLE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm41TISHEKIA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm42MARK BROADHURST
IRS990/Form990PartVIISectionAGrp/PersonNm43WILLIAM R CLARKSON
IRS990/Form990PartVIISectionAGrp/PersonNm44JEREMY WALDRUP
IRS990/Form990PartVIISectionAGrp/PersonNm45CINDY DAY
IRS990/Form990PartVIISectionAGrp/PersonNm46RUSSELL HOWARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.3$2.23$8.09$12.5$12.7$0.25
2023Detailed filing. Detailed filing data is available for this year.$9.91$1.81$8.10$9.50$7.98$1.52
2022Detailed filing. Detailed filing data is available for this year.$7.75$1.60$6.14$6.18$6.27$0.09
2021Detailed filing. Detailed filing data is available for this year.$7.20$0.84$6.35$9.05$7.18$1.87
2020Detailed filing. Detailed filing data is available for this year.$5.20$0.71$4.48$6.46$5.01$1.45
2019Detailed filing. Detailed filing data is available for this year.$3.84$0.78$3.06$5.54$5.20$0.33
2018Detailed filing. Detailed filing data is available for this year.$3.82$1.10$2.73$4.30$5.22$0.92
2017Detailed filing. Detailed filing data is available for this year.$4.25$0.61$3.65$5.67$4.83$0.85
2016Detailed filing. Detailed filing data is available for this year.$3.35$0.55$2.80$5.34$5.38$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.45$0.61$2.84$4.06$4.19$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.45$0.48$2.97$3.66$3.49$0.18
2013Detailed filing. Detailed filing data is available for this year.$3.32$0.52$2.80$3.38$3.35$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.71$2.76$3.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.41$2.55$3.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.32$2.50$4.47