Civic Intelligence

Urban Innovation21

990 • Fiscal year 2015 • EIN 26-0379369

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 22, 2016

1435 Bedford Avenue No 132BPittsburgh, PA 15219

(412) 281-0102

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.70x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

43rd percentile

0.8%

Higher net margin than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

88th percentile

$182,198

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

89th percentile

39%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,528,404

Up $426,238 (+39%) from 2014

Net Assets

Up

$427,274

Up $12,668 (+3.1%) from 2014

Liabilities

Up

$1,101,130

Up $413,570 (+60%) from 2014

Revenue

Up

$1,572,151

Up $194,224 (+14%) from 2014

Expenses

Up

$1,559,483

Up $185,681 (+14%) from 2014

Net Income

Up

$12,668

Up $8,543 (+207%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $492,632Liabilities 2010: $201,249Net Assets 2010: $291,3832010Assets 2011: $779,502Liabilities 2011: $409,415Net Assets 2011: $370,0872011Assets 2013: $1,482,796Liabilities 2013: $1,072,315Net Assets 2013: $410,4812013Assets 2014: $1,102,166Liabilities 2014: $687,560Net Assets 2014: $414,6062014Assets 2015: $1,528,404Liabilities 2015: $1,101,130Net Assets 2015: $427,2742015Assets 2016: $1,426,771Liabilities 2016: $1,024,495Net Assets 2016: $402,2762016Assets 2017: $1,316,155Liabilities 2017: $1,157,216Net Assets 2017: $158,9392017Assets 2018: $851,356Liabilities 2018: $573,179Net Assets 2018: $278,1772018

Highlighted filing

2015

Assets$1,528,404
Liabilities$1,101,130
Net Assets$427,274

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $290,490Expenses 2010: $396,458Net Income 2010: -$105,9682010Expenses 2011: $354,5642011Expenses 2013: $1,491,2712013Revenue 2014: $1,377,927Expenses 2014: $1,373,802Net Income 2014: $4,1252014Revenue 2015: $1,572,151Expenses 2015: $1,559,483Net Income 2015: $12,6682015Revenue 2016: $1,671,071Expenses 2016: $1,696,069Net Income 2016: -$24,9982016Revenue 2017: $2,141,063Expenses 2017: $2,384,400Net Income 2017: -$243,3372017Revenue 2018: $1,844,138Expenses 2018: $1,724,900Net Income 2018: $119,2382018

Highlighted filing

2015

Revenue$1,572,151
Expenses$1,559,483
Net Income$12,668
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 22, 2016
Return Version
2014v6.0
Gross Receipts
$1,572,151
Mission and Program Overview

Mission

Urban innovation21, administrator of the pittsburgh central keystone innovation zone (pckiz) is a public-private partnership that boosts regional economic development through 21st century innovation-driven entrepreneurship. Urban innovation21 links successful innovation economy clusters with the needs and assets of underserved communities by designing and implementing programs, building strategic bridges and teaming up with existing organizations and initiatives. Urban innovation21 believes that an inclusive innovation economy is key in increasing regional competitiveness and sustainability.because of its success and creativity in administering the kiz program, urban innovation21 was renamed in january of 2012 by then, pckiz board of directors, to increase the breadth of the pckiz's work and to support initiatives that are outside the defined boundary of the pckiz.

Urban innovation21 is a public-private partnership that boosts regional economic development through 21st century innovation-driven entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$945,268$1,055,622▲ $110,354
Accounts Receivable$106,013$212,493▲ $106,480
Cash and Non-Interest-Bearing Accounts$16,326$162,512▲ $146,186
Land, Buildings, and Equipment, Net$2,833$53,076▲ $50,243
Investments Program Related$25,000$25,000→ $0
Prepaid Expenses and Deferred Charges$6,726$19,701▲ $12,975
Total Assets$1,102,166$1,528,404▲ $426,238
Liabilities
Deferred Revenue$557,406$977,823▲ $420,417
Accounts Payable and Accrued Expenses$130,154$123,307▼ $6,847
Total Liabilities$687,560$1,101,130▲ $413,570
Net Assets / Fund Balance
Unrestricted Net Assets$414,606$427,274▲ $12,668
Total Net Assets Fund Balance$414,606$427,274▲ $12,668
Total Liabilities and Net Assets / Fund Balance$1,102,166$1,528,404▲ $426,238

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,243-$51,243
Equipment$1,833$3,167$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William Generett JrPresident and CEOFT$166,616$15,582$182,198

Board Members and Trustees

NameTitle
Scott LammieChairman
Dr Margaret MclaughlinVice President
Dan TaylorBoard Member
Mary Beth FordBoard Member
Michael MatesicBoard Member
Mr Jeff AndersonBoard Member
Rick AdamsBoard Member
Robert HurleyBoard Member
Robert StarzynskiBoard Member
Tom LinkBoard Member
Matthew MohnSecretary
Bridget MancoshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,549,077
Program Service Revenue
$0
Investment Income
$1,200
Other Revenue
$21,874
All Other Contributions
$1,387,358
Change in Net Assets
$12,668

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table162$132,327Fair Market Value
Total Noncash Contributions162$132,327-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,572,151
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$258,269
Total Revenue per Audited Statements
$1,830,420
Total Revenue per Form 990
$1,572,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$830,315
Other Expenses$679,168
Total Fundraising Expense$90,345
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$440,216$115,214$22,886$578,316
Current Officers, Directors, Trustees, and Key Employees$129,896$16,720$33,440$180,056
Fees for Services Management$177,207--$177,207
Travel$134,832$9,620-$144,452
Payroll Taxes$53,846$12,840$3,608$70,294
Grants to Domestic Orgs$50,000--$50,000
Advertising$3,925$26$30,411$34,362
Occupancy$3,351$24,914-$28,265
Fees for Services Accounting-$18,528-$18,528
Fees for Services Other$173$13,100-$13,273
Office Expenses-$12,712-$12,712
Insurance$1,654$7,911-$9,565
Fees for Services Legal$5,031--$5,031
Information Technology-$4,583-$4,583
Other Employee Benefits$241$1,408-$1,649
Depreciation Depletion-$1,000-$1,000
Other Expenses$67$875-$942
Total Functional Expenses$1,228,138$241,000$90,345$1,559,483

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,817,752
Expenses per Audited Statements$1,559,483
Total Expenses per Form 990$1,559,483
Expenses Not Reported on Form 990$258,269
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
InnovescaPittsburgh, PA-Business Support Grant$25,000
Lionce LLCPittsburgh, PA-Business Support Grant$15,000
Activaide OrthoticsPittsburgh, PA-Business Support Grant$10,000

International Summary

Offices
0
Employees
0
Spending
$103,484

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Program ExpensesOne Young World Attendee Registration Fees, Travel, Per Diem Fees, and Incidental Expenses Related to This Program00$103,484
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board Member, Matthew Mohn, Partner at Reed SmithReed Smith Provides Legal Services to the Organization.No$5,031
-Board Member, Mary Beth Ford, Exec Dir. of Corp. Relations at Duquesne UnivDuquesne University Provides Accounting Services to the Organization.No$4,000
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

R. Starzynski and w.generett-business relationship;

Form 990, Part VI, Section A, Line 6

The organization has members who pay or provide in-kind services of a minimum of $25,000 for the privilege of membership and holding a seat on the board. There are no other rights given to the members.

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

The affiliation agreement provides that each affiliate is entitled to appoint one appointed director to the corporation's board.

Form 990, Part VI, Section B, Line 11

The board will be provided a copy of form 990 prior to the filing date.

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

Members of the board are required to sign a conflict of interest policy annually and to report any conflicts.

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

Every salary action is first discussed with the three members of the executive committee, which consists of the board chair, treasurer, and vice president. The board chair also consults with professionals familiar with compensation packages given to employees with similar titles and in similar positions as the executive director. The compensation package is then presented to the entire board for approval.

Form 990, Part VI, Section C, Line 19

Will be provided upon request.

Filing and Contact Details

Filer

Filer Name
Urban Innovation21
EIN
26-0379369
Phone
4122810102
Address
1435 BEDFORD AVENUE NO 132B, PITTSBURGH, PA 15219
Doing Business As
Pckiz

Signing Officer

Name
William Generett Jr
Title
Executive Director
Phone
4122810102
Signed
2016-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Generett Jr
Formed
2007
Legal Domicile
Pa
Voting Board Members
12
Independent Board Members
12
Employees
101
Volunteers
12

Preparer

Firm
Schneider Downs & Co Inc
Address
ONE PPG PLACE SUITE 1700, PITTSBURGH, PA 15222
Preparer
Eugene J Logan
Phone
4122613644
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Citizen science lab opened. It is a hands-on laboratory where inquisitive minds and science-enthusiasts can explore the life sciences! The citizen science lab is open to everyone-from middle and high school students, to parents and educators, to undergraduate and graduate students, to professionals and diy scientists. We invite the citizens of pittsburgh to observe, experiment and analyze through discovery-based learning and stem education.

FORM 990, PART XII, QUESTION 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:

The organization's financial statements are audited by an independent accounting firm. The organization has an audit and finance committee that is responsible for oversight of the audit of its financial statements and its selection of the independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under section 501(c)(3) of the u.s. Internal revenue code. Accordingly, no federal or state income taxes have been provided. The organization follows the income taxes topic of the accounting standards codification (codification) that requires a recognition threshold and measurement principles for financial statement disclosures of tax positions taken or expected to be taken on a tax return. The organization has assessed the tax positions it has taken or expects to take in its tax returns, and, as a result, no liability for uncertain tax positions has been recorded; further, the organization has no unrecognized tax benefits. The organization is no longer subject to examination of its tax returns for years before 2012.

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IRS990/ActivityOrMissionDesc0URBAN INNOVATION21 IS A PUBLIC-PRIVATE PARTNERSHIP THAT BOOSTS REGIONAL ECONOMIC DEVELOPMENT THROUGH 21ST CENTURY INNOVATION-DRIVEN ENTREPRENEURSHIP.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT AND CEO
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IRS990/MissionDesc0URBAN INNOVATION21, ADMINISTRATOR OF THE PITTSBURGH CENTRAL KEYSTONE INNOVATION ZONE (PCKIZ) IS A PUBLIC-PRIVATE PARTNERSHIP THAT BOOSTS REGIONAL ECONOMIC DEVELOPMENT THROUGH 21ST CENTURY INNOVATION-DRIVEN ENTREPRENEURSHIP. URBAN INNOVATION21 LINKS SUCCESSFUL INNOVATION ECONOMY CLUSTERS WITH THE NEEDS AND ASSETS OF UNDERSERVED COMMUNITIES BY DESIGNING AND IMPLEMENTING PROGRAMS, BUILDING STRATEGIC BRIDGES AND TEAMING UP WITH EXISTING ORGANIZATIONS AND INITIATIVES. URBAN INNOVATION21 BELIEVES THAT AN INCLUSIVE INNOVATION ECONOMY IS KEY IN INCREASING REGIONAL COMPETITIVENESS AND SUSTAINABILITY.BECAUSE OF ITS SUCCESS AND CREATIVITY IN ADMINISTERING THE KIZ PROGRAM, URBAN INNOVATION21 WAS RENAMED IN JANUARY OF 2012 BY THE THEN, PCKIZ BOARD OF DIRECTORS, TO INCREASE THE BREADTH OF THE PCKIZ'S WORK AND TO SUPPORT INITIATIVES THAT ARE OUTSIDE THE DEFINED BOUNDARY OF THE PCKIZ.
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IRS990/PrincipalOfficerNm0WILLIAM GENERETT JR
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IRS990/ProgSrvcAccomActy2Grp/Desc0AN INTERNSHIP PROGRAM THAT MATCHES STUDENTS WITH HANDS-ON LEARNING EXPERIENCES TO FURTHER THEIR EDUCATION AND EMPLOYMENT TRAINING, WHILE PROVIDING CAPACITY FOR SMALL COMPANIES TO GROW. FOR FY 2014-2015 APPROXIMATELY 48% OF INTERNS WERE PLACED AT PCKIZ COMPANIES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CITIZEN SCIENCE LAB PROVIDES A HANDS-ON LABORATORY WHERE INQUISITIVE MINDS AND SCIENCE ENTHUSIASTS CAN EXPLORE THE LIFE SCIENCES. THE CITIZEN SCIENCE LAB IS OPEN TO EVERYONE--FROM MIDDLE AND HIGH SCHOOL STUDENTS, TO PARENTS AND EDUCATORS, TO UNDERGRADUATE AND GRADUATE STUDENTS, TO PROFESSIONALS AND DEVELOPING SCIENTISTS. WE INVITE PEOPLE OF ALL AGES TO OBSERVE, EXPERIMENT AND ANALYZE THROUGH DISCOVERY-BASED LEARNING AND STEM EDUCATION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDING ONE YOUNG WORLD AND THE DAVOS CONFERENCE THAT PROVIDE A VALUABLE PROFESSIONAL DEVELOPMENT AND LEARNING EXPERIENCE FOR STUDENTS AND OTHER PARTNERS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. ACCORDINGLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN PROVIDED. THE ORGANIZATION FOLLOWS THE INCOME TAXES TOPIC OF THE ACCOUNTING STANDARDS CODIFICATION (CODIFICATION) THAT REQUIRES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURES OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE ORGANIZATION HAS ASSESSED THE TAX POSITIONS IT HAS TAKEN OR EXPECTS TO TAKE IN ITS TAX RETURNS, AND, AS A RESULT, NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED; FURTHER, THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ONE YOUNG WORLD ATTENDEE REGISTRATION FEES, TRAVEL, PER DIEM FEES, AND INCIDENTAL EXPENSES RELATED TO THIS PROGRAM
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