Civic Intelligence

Innovate Pgh Partnership

990 • Fiscal year 2020 • EIN 27-1727604

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.INNOVATEPGH.COM

View Organization Page

218 Oakland Avenue Floor 2Pittsburgh, PA 15213

(614) 284-3689

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.20x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.14x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

24th percentile

-8.8%

Higher net margin than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

3rd percentile

-26%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$882,743

Down $303,667 (-26%) from 2019

Net Assets

Down

$708,214

Down $113,796 (-14%) from 2019

Liabilities

Down

$174,529

Down $189,871 (-52%) from 2019

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin24th percentile

Revenue

Down

$1,234,137

Down $293,670 (-19%) from 2019

Expenses

Down

$1,342,302

Down $450,501 (-25%) from 2019

Net Income

Up

-$108,165

Up $156,831 (+59%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $619,407Liabilities 2014: $175,990Net Assets 2014: $443,4172014Assets 2015: $546,230Liabilities 2015: $228,824Net Assets 2015: $317,4062015Assets 2016: $832,035Liabilities 2016: $145,406Net Assets 2016: $686,6292016Assets 2017: $840,882Liabilities 2017: $131,115Net Assets 2017: $709,7672017Assets 2018: $1,126,732Liabilities 2018: $34,188Net Assets 2018: $1,092,5442018Assets 2019: $1,186,410Liabilities 2019: $364,400Net Assets 2019: $822,0102019Assets 2020: $882,743Liabilities 2020: $174,529Net Assets 2020: $708,2142020Assets 2021: $1,116,930Liabilities 2021: $285,513Net Assets 2021: $831,4172021Assets 2022: $1,715,686Liabilities 2022: $423,669Net Assets 2022: $1,292,0172022Assets 2023: $980,198Liabilities 2023: $752,827Net Assets 2023: $227,3712023Assets 2024: $3,683,464Liabilities 2024: $866,683Net Assets 2024: $2,816,7812024

Highlighted filing

2020

Assets$882,743
Liabilities$174,529
Net Assets$708,214
Open 2020 Filing

Operations Trend

Revenue Growth24th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $689,493Expenses 2014: $242,211Net Income 2014: $447,2822014Revenue 2015: $190,586Expenses 2015: $319,465Net Income 2015: -$128,8792015Revenue 2016: $621,299Expenses 2016: $252,076Net Income 2016: $369,2232016Revenue 2017: $591,232Expenses 2017: $567,845Net Income 2017: $23,3872017Revenue 2018: $1,271,533Expenses 2018: $883,250Net Income 2018: $388,2832018Revenue 2019: $1,527,807Expenses 2019: $1,792,803Net Income 2019: -$264,9962019Revenue 2020: $1,234,137Expenses 2020: $1,342,302Net Income 2020: -$108,1652020Revenue 2021: $1,459,793Expenses 2021: $1,328,537Net Income 2021: $131,2562021Revenue 2022: $719,178Expenses 2022: $1,758,578Net Income 2022: -$1,039,4002022Revenue 2023: $2,010,753Expenses 2023: $3,075,399Net Income 2023: -$1,064,6462023Revenue 2024: $6,796,142Expenses 2024: $3,914,522Net Income 2024: $2,881,6202024

Highlighted filing

2020

Revenue$1,234,137
Expenses$1,342,302
Net Income-$108,165
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$1,234,137
Mission and Program Overview

Mission

A next generation public-private partnership - powered by a coalition of civic institutions representing the region's university, business, philanthropic, and government leadership - to accelerate pittsburgh's status as a global innovation city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$753,173$475,706▼ $277,467
Land, Buildings, and Equipment, Net$418,643$397,697▼ $20,946
Accounts Receivable$10,914$3,360▼ $7,554
Total Assets$1,186,410$882,743▼ $303,667
Other Assets Total$3,680$5,980▲ $2,300
Liabilities
Unsecured Notes Loans Payable-$76,000-
Accounts Payable and Accrued Expenses$301,475$51,722▼ $249,753
Deferred Revenue$50,000--
Other Liabilities$12,925$46,807▲ $33,882
Total Liabilities$364,400$174,529▼ $189,871
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$554,447$708,214▲ $153,767
Net Assets With Donor Restrictions$267,563--
Total Net Assets Fund Balance$822,010$708,214▼ $113,796
Total Liabilities and Net Assets / Fund Balance$1,186,410$882,743▼ $303,667

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$302,113$59,865$361,978
Other Land Buildings$95,584$81,848$177,432
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Evan FacherChairman
Christine RaetschBoard Member
D Tyler GourleyBoard Member
Diamonte WalkerBoard Member
Frederick SigerBoard Member
Joel ReedBoard Member
W Thomas McgoughBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$103,000
Program Service Revenue
$1,082,876
Investment Income
$5,123
Other Revenue
$43,138
All Other Contributions
$103,000
Change in Net Assets
$-108,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,234,137
Total Revenue per Audited Statements
$1,234,137
Total Revenue per Form 990
$1,234,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$854,105
Salaries, Compensation, and Employee Benefits$488,197
Total Fundraising Expense$12,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$625,917$32,922$6,155$664,994
Other Salaries and Wages$407,916$45,324-$453,240
Payroll Taxes$31,461$3,496-$34,957
Depreciation Depletion$17,046$4,002-$21,048
Fees for Services Accounting-$14,023-$14,023
All Other Expenses$6,700$1,260-$7,960
Office Expenses$4,592$3,061-$7,653
Travel$5,874--$5,874
Other Expenses$3,373-$6,534$3,373
Insurance$1,127$1,738-$2,865
Conferences and Meetings--$175$175
Total Functional Expenses$1,223,612$105,826$12,864$1,342,302

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,347,933
Expenses per Audited Statements$1,342,302
Total Expenses per Form 990$1,342,302
Expenses Not Reported on Form 990$5,631
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contracts Payable$35,000
Security Deposits$10,042
Employer Benefit Liabilities$1,765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The executive director reviews draft copy of form 990”

Form 990, Page 6, Part VI, Line 12C

“Annual reviews are completed for all employees at which time the conflicts of interest policy is re-stated and enforced. Members of the board of directors are also subjected to this on an annual basis.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the executive director is subject to review and approval by board of directors.”

Form 990, Page 6, Part VI, Line 15B

“The executive director reviews and approves compensation of key management.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovatepgh Partnership
EIN
27-1727604
Phone
6142843689
Address
218 OAKLAND AVENUE FLOOR 2, PITTSBURGH, PA 15213
Doing Business As
Avenu & Pittsburgh Innovation Distr

Signing Officer

Name
Sean Luther
Title
Executive Director
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Luther
Formed
2010
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
8

Preparer

Firm
Rd Hoag & Associates LLC
Address
555 NORTH BELL AVE STE 100, CARNEGIE, PA 15106
Preparer
Marlene Knapp CPA
Phone
4122781600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“A next generation public-private partnership - powered by a coalition of civic institutions representing the region's university, business, philanthropic, and government leadership - to accelerate pittsburgh's status as a global innovation city.”

Form 990, Part IX, Line 11G

“Building maintenance 41,250 0 0 cleaning 10,603 0 0 copier 4,456 0 0 event supplies 0 0 1,843 independent contractors 7,110 790 0 internet 6,391 0 0 profession fees 299,635 15,770 0 rent 239,317 16,065 1,785 staff development 2,676 297 0 utilities 14,479 0 0 website and social media 0 0 2,527 total 625,917 32,922 6,155”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -5,631”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 5,631”

Raw XML AppendixShowing 400 of 438 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110042
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRACTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2EMPLOYER BENEFIT LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt01234137
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 5,631
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A NEXT GENERATION PUBLIC-PRIVATE PARTNERSHIP - POWERED BY A COALITION OF CIVIC INSTITUTIONS REPRESENTING THE REGION'S UNIVERSITY, BUSINESS, PHILANTHROPIC, AND GOVERNMENT LEADERSHIP - TO ACCELERATE PITTSBURGH'S STATUS AS A GLOBAL INNOVATION CITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR REVIEWS DRAFT COPY OF FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REVIEWS ARE COMPLETED FOR ALL EMPLOYEES AT WHICH TIME THE CONFLICTS OF INTEREST POLICY IS RE-STATED AND ENFORCED. MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO SUBJECTED TO THIS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SUBJECT TO REVIEW AND APPROVAL BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES COMPENSATION OF KEY MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BUILDING MAINTENANCE 41,250 0 0 CLEANING 10,603 0 0 COPIER 4,456 0 0 EVENT SUPPLIES 0 0 1,843 INDEPENDENT CONTRACTORS 7,110 790 0 INTERNET 6,391 0 0 PROFESSION FEES 299,635 15,770 0 RENT 239,317 16,065 1,785 STAFF DEVELOPMENT 2,676 297 0 UTILITIES 14,479 0 0 WEBSITE AND SOCIAL MEDIA 0 0 2,527 TOTAL 625,917 32,922 6,155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7BOOK / TAX DEPRECIATION DIFFERENCE -5,631
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$882,743
Liabilities
$174,529
Net assets
$708,214
Revenue
$1,234,137
Expenses
$1,342,302
Net income
-$108,165
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.87$2.82$6.80$3.91$2.88
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.75$0.23$2.01$3.08$1.06
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.42$1.29$0.72$1.76$1.04
2021Detailed filing. Detailed filing data is available for this year.$1.12$0.29$0.83$1.46$1.33$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.17$0.71$1.23$1.34$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.36$0.82$1.53$1.79$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.03$1.09$1.27$0.88$0.39
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.13$0.71$0.59$0.57$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.15$0.69$0.62$0.25$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.23$0.32$0.19$0.32$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.18$0.44$0.69$0.24$0.45