Civic Intelligence

Pittsburgh Downtown Partnership

990 • Fiscal year 2017 • EIN 25-1728064

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 08, 2018

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

48th percentile

0.14x

Higher debt load relative to assets than 48% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

39th percentile

0.11x

Higher debt load relative to revenue than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

79th percentile

$214,841

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,253,667

Up $901,530 (+27%) from 2016

Net Assets

Up

$3,646,712

Up $846,528 (+30%) from 2016

Liabilities

Up

$606,955

Up $55,002 (+10.0%) from 2016

Revenue

Up

$5,674,549

Up $335,113 (+6.3%) from 2016

Expenses

Down

$4,828,021

Down $552,951 (-10%) from 2016

Net Income

Up

$846,528

Up $888,064 (+2138%) from 2016

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

2017

Assets$4,253,667
Liabilities$606,955
Net Assets$3,646,712

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

2017

Revenue$5,674,549
Expenses$4,828,021
Net Income$846,528
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 8, 2018
Return Version
2017v2.2
Gross Receipts
$5,674,549
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$2,275,260$3,404,697▲ $1,129,437
Land, Buildings, and Equipment, Net$441,830$402,857▼ $38,973
Pledges and Grants Receivable$281,371$171,285▼ $110,086
Cash and Non-Interest-Bearing Accounts$106,529$106,529→ $0
Other Notes and Loans Receivable, Net$105,000$105,000→ $0
Accounts Receivable$111,511$35,830▼ $75,681
Prepaid Expenses and Deferred Charges$30,636$27,469▼ $3,167
Total Assets$3,352,137$4,253,667▲ $901,530
Liabilities
Accounts Payable and Accrued Expenses$446,953$488,055▲ $41,102
Mortgage Notes Payable Secured by Investment Property$105,000$105,000→ $0
Deferred Revenue-$13,900-
Total Liabilities$551,953$606,955▲ $55,002
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,840,779$2,682,779▲ $842,000
Unrestricted Net Assets$959,405$963,933▲ $4,528
Total Net Assets Fund Balance$2,800,184$3,646,712▲ $846,528
Total Liabilities and Net Assets / Fund Balance$3,352,137$4,253,667▲ $901,530

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$397,302$1,131,795$1,529,097
Leasehold Improvements$5,555$9,568$15,123
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy WaldrupPresident & CEOFT$189,252$25,589$214,841
Russell HowardVP of Special Events and DFT$159,220$24,228$183,448
Cindy DayVice President of FinanceFT$84,845$3,862$88,707

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By BlockClean And Safe Services1325 SOUTH FAYETTE STREET, Louisville, KY 40208$927,534
The Carpenter ConnectionHoliday Market Structures901 KILARNEY DRIVE, Pittsburgh, PA 15234$157,705
Flyspace Productions LLCProduction Management2705 N CHARLES STREET, Pittsburgh, PA 15212$151,559
Rjw Media - PittsburghHoliday Media Buy12827 FRANKSTOWN RD, Pittsburgh, PA 15235$109,993
Revenue and Support

Revenue Composition

Contributions and Grants
$3,127,153
Program Service Revenue
$2,541,874
Investment Income
$5,522
Other Revenue
$0
All Other Contributions
$2,738,525
Change in Net Assets
$846,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,674,549
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$52,000
Total Revenue per Audited Statements
$5,726,549
Total Revenue per Form 990
$5,674,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,501,522
Salaries, Compensation, and Employee Benefits$1,246,499
Total Fundraising Expense$136,480
Grants and Similar Amounts Paid$80,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$1,179,909$2,711-$1,182,620
Fees for Services Other$1,093,353$55,125-$1,148,478
Other Salaries and Wages$688,349$16,932$81,527$786,808
Current Officers, Directors, Trustees, and Key Employees$203,889$59,666$43,112$306,667
Depreciation Depletion$910$120,501-$121,411
Occupancy$35,742$62,074-$97,816
Payroll Taxes$67,197$7,025$7,387$81,609
Office Expenses$5,858$71,970$2,500$80,328
Grants to Domestic Orgs$80,000--$80,000
Conferences and Meetings$5,583$53,759-$59,342
Other Employee Benefits$49,900$4,435$1,443$55,778
All Other Expenses$10,490$25,035-$35,525
Insurance-$30,578-$30,578
Other Expenses$300$25,511-$25,811
Pension Plan Contributions$14,756$370$511$15,637
Fees for Services Lobbying$15,289--$15,289
Travel$3,150$11,994-$15,144
Fees for Services Accounting-$14,650-$14,650
Fees for Services Legal-$4,523-$4,523
Total Functional Expenses$4,124,682$566,859$136,480$4,828,021

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,880,021
Expenses per Audited Statements$4,828,021
Total Expenses per Form 990$4,828,021
Expenses Not Reported on Form 990$52,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Pittsburgh Police DepartmentPittsburgh, PACity of Pgh PoliceNew Station Set-up and Mounted Unit Assistance$80,000
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
Yes
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 was 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
2018-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Waldrup
Formed
1993
Legal Domicile
Pa
Voting Board Members
41
Independent Board Members
40
Employees
42
Volunteers
3,103

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

Stakeholder survey: program service expenses 0. Management and general expenses 21,600. Fundraising expenses 0. Total expenses 21,600. Transportation consultants: program service expenses 33,470. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,470. Economic development consultants: program service expenses 68,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,010. Payroll services: program service expenses 0. Management and general expenses 3,259. Fundraising expenses 0. Total expenses 3,259. Cleaning service: program service expenses 0. Management and general expenses 8,652. Fundraising expenses 0. Total expenses 8,652. Other administrative services: program service expenses 228,634. Management and general expenses 21,614. Fundraising expenses 0. Total expenses 250,248. Clean and safe team: program service expenses 763,239. Management and general expenses 0. Fundraising expenses 0. Total expenses 763,239.

Raw XML AppendixShowing 400 of 813 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/IndividualTrusteeOrDirectorInd11X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
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IRS990/Form990PartVIISectionAGrp/PersonNm0JACK BARBOUR
IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD L BEYNON
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES BLUE
IRS990/Form990PartVIISectionAGrp/PersonNm3MARK BROADHURST
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL BRUNNER
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID CASE
IRS990/Form990PartVIISectionAGrp/PersonNm6DEBRA DONLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7MELISSA DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm8E GERRY DUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm9RICH FITZGERALD
IRS990/Form990PartVIISectionAGrp/PersonNm10MARIANN GEYER
IRS990/Form990PartVIISectionAGrp/PersonNm11GRANT GITTLEN
IRS990/Form990PartVIISectionAGrp/PersonNm12THOMAS HALL
IRS990/Form990PartVIISectionAGrp/PersonNm13MELANIE HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm14THOMAS J HARRINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm15RDANIEL LAVELLE
IRS990/Form990PartVIISectionAGrp/PersonNm16KENNETH LYLE
IRS990/Form990PartVIISectionAGrp/PersonNm17GRANT MASON
IRS990/Form990PartVIISectionAGrp/PersonNm18KEVIN MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm19CLARE MEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm20TOM MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm21CHERYL MOON SIRIANNI
IRS990/Form990PartVIISectionAGrp/PersonNm22DANIEL ONORATO
IRS990/Form990PartVIISectionAGrp/PersonNm23DAVID ONORATO
IRS990/Form990PartVIISectionAGrp/PersonNm24LUCAS PIATT
IRS990/Form990PartVIISectionAGrp/PersonNm25KEN RICE
IRS990/Form990PartVIISectionAGrp/PersonNm26ROBERT RUBINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm27IZZY RUDOLPH
IRS990/Form990PartVIISectionAGrp/PersonNm28MERRILL STABILE
IRS990/Form990PartVIISectionAGrp/PersonNm29CRAIG R STAMBAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm30AARON STAUBER
IRS990/Form990PartVIISectionAGrp/PersonNm31MATTHEW STERNE
IRS990/Form990PartVIISectionAGrp/PersonNm32THOMAS L VANKIRK
IRS990/Form990PartVIISectionAGrp/PersonNm33LISA CAREY
IRS990/Form990PartVIISectionAGrp/PersonNm34JAKE WHEATLEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm35APPLE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm36GEORGE WHITMER
IRS990/Form990PartVIISectionAGrp/PersonNm37MARISA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm38ASHLEE YINGLING
IRS990/Form990PartVIISectionAGrp/PersonNm39ANTHONY YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm40JEREMY WALDRUP
IRS990/Form990PartVIISectionAGrp/PersonNm41CINDY DAY
IRS990/Form990PartVIISectionAGrp/PersonNm42RUSSELL HOWARD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
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

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