2024-11-12T14:06:26-06:00 2023-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-01-01 251780438 PITTSBURGH REGIONAL ALLIANCE PITT 4122811890 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 WILLIAM D MCKAIN CHIEF FINANCIAL OFFICER 4122811890 2024-11-11 1 0 SARAH R PIOT P01358891 4122613644 2023 2024-10-15 13:58:12Z STEFANI PASHMAN 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 4547384 0 X WWW.PITTSBURGH-REGION.ORG X 1995 PA TO MARKET THE 10 COUNTIES OF SOUTHWESTERN PA AS A PRIME LOCATION FOR BUSINESS AND TALENT. 3 2 0 25 0 0 4601847 4507299 0 0 2932 40085 0 0 4604779 4547384 0 0 0 0 0 0 0 0 117097 4604779 4547384 4604779 4547384 0 0 4460863 2714100 2568513 821750 1892350 1892350 X THE MISSION OF THE PITTSBURGH REGIONAL ALLIANCE (PRA) IS TO MARKET THE 10 COUNTIES OF SOUTHWESTERN PENNSYLVANIA AS A PRIME LOCATION FOR BUSINESS INVESTMENT AND TALENT.(CONTINUED ON SCH O) THE PRA PROVIDES BUSINESS LEADERS DOMESTICALLY AND GLOBALLY WITH ESSENTIAL RESCOURCES, CONNECTS THEM TO VARIOUS SOURCES OF SUPPORT AND ASSISTS THEM IN THE PROCESS OF CORPORATE EXPANSION OR LOCATION WITHIN THE PITTSBURGH REGION. THE PRA MAINTAINS REGIONAL DATA, DEMOGRAPHICS AND REAL ESTATE DATABASES. THE PRA ALSO PROVIDES PROJECT MANAGEMENT SERVICES INCLUDING SITE LOCATION ASSISTANCE, GLOBAL BUSINESS ASSISTANCE, ACCESS TO FINANCIAL ASSISTANCE, TALENT ATTRACTION AND RETENTION, PEER EXECUTIVE MEETINGS AND MARKET RESEARCH AND ANALYSIS TO BUSINESS EXECUTIVES CONSIDERING INVESTING IN SOUTHWESTERN PENNSYLVANIA. 0 0 3217264 0 0 TOGETHER WITH OUR AFFILIATES AND REGIONAL INVESTOR PARTNERS WE ARE GROWING OUR ECONOMY BY SECURING BUSINESS INVESTMENT AND JOB CREATION.IN SERVICE TO THE 10-COUNTY PITTSBURGH REGION, WE HELPED TO SECURE 82 WINS REPRESENTING $2.58 BILLION CAPEX AND 7,072 NEW AND RETAINED JOBS AND CREATED A STRONG PIPELINE OF OVER 100 PROSPECTS REPRESENTING BILLIONS OF DOLLARS AND THOUSANDS OF JOBS.(CONTINUED ON SCHEDULE O)BY FOCUSING EFFORTS ON KEY HIGH-GROWTH, INNOVATION-DRIVEN INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, OUR REGION ACHIEVED ECONOMIC DEVELOPMENT WINS SUCH AS:ADVANCED MANUFACTURING BCI STEEL AND NEXTTRACKER: A REGIONAL STEEL FACTORY REVITALIZED TO MANUFACTURE COMPONENTS FOR SOLAR PANELS. RE:BUILD MANUFACTURING: A NEW MANUFACTURING HUB AT NEW KENSINGTON ADVANCED MANUFACTURING PARK TO SERVE ENERGY, LIFE SCIENCES, ROBOTICS, AEROSPACE AND OTHER HIGH-GROWTH INDUSTRIES. SHELL POLYMERS MONACA: THE FIRST MAJOR POLYETHYLENE MANUFACTURING COMPLEX IN THE NORTHEASTERN UNITED STATES COMMENCED OPERATIONS AND OPENED ITS INNOVATION CENTER REPRESENTING A MULTIBILLION-DOLLAR INVESTMENT.ENERGY EOS ENERGY ENTERPRISES: A GROUNDBREAKING LONG-DURATION BATTERY MANUFACTURER IN EAST PITTSBURGH THAT RECEIVED A CONDITIONAL $398.6 MILLION FEDERAL LOAN GUARANTEE TO SUPPORT A MAJOR EXPANSION. WESTINGHOUSE: AN EVINCI MICROREACTOR BUSINESS IN A FORMER FACTORY IN ETNA TO MANUFACTURE NUCLEAR BATTERIES.LIFE SCIENCES ELEVATEBIO BASECAMP INC.: A $35 MILLION CELL AND GENE THERAPY FACILITY TO OPEN IN PITTSBURGH'S HAZELWOOD GREEN. ROBOTICS & AI GECKO ROBOTICS: A $100 MILLION INVESTMENT FROM A $5 BILLION TECHNOLOGY FUND FROM PITTSBURGH'S THOMAS TULL AND EXPANDED ROLE WITHIN THE U.S. DEPARTMENT OF DEFENSE TO ACCELERATE MAINTENANCE. SPACE ASTROBOTIC: A $20 MILLION INVESTMENT TO RENOVATE A FIVE-STORY BUILDING NEAR ITS HEADQUARTERS ON PITTSBURGH'S NORTH SIDE AS THE COMPANY PREPARED THE FIRST COMMERCIAL LAUNCH OF ITS PEREGRINE LANDER TO THE MOON.YEAR OVER YEAR, WE EXPANDED THE REACH OF THE NEWLY CREATED BUSINESS INVESTMENT BRAND, PITTSBURGH REGION. NEXT IS NOW, HIGHLIGHTING THE REGION AS AN ICONIC PLACE WHERE WHAT'S NEXT IS HAPPENING NOW AND WHERE COMPANIES, STARTUPS, UNIVERSITIES AND MORE ARE ALL MEETING THE WORLD'S BIGGEST CHALLENGES AND BUILDING A NEXT GENERATION ECONOMY FOR ALL. COMPARED TO 2022, DIGITAL MARKETING EFFORTS IN 2023 RESULTED IN:10% INCREASE IN EARNED MEDIA IMPRESSIONS. 30% INCREASE IN LINKEDIN FOLLOWERS.+300% INCREASE IN PAID MEDIA IMPRESSIONS.140% INCREASE IN CONVERSIONS ACROSS MEDIA PLATFORMS.+402.7% INCREASE IN WEBSITE VISITORS.POST-PANDEMIC, WE IMPLEMENTED A MORE AGGRESSIVE, TARGETED FOREIGN DIRECT INVESTMENT STRATEGY WITH AN INITIAL FOCUS ON GERMANY THROUGH A SERIES OF BILATERAL TRADE MISSIONS.RECOGNIZING THAT A GLOBALLY COMPETITIVE ECONOMY DEPENDS ON THE AVAILABILITY OF TALENT AND A SKILLED WORKFORCE, WE LED EFFORTS TO ATTRACT AND RETAIN HIGH-DEMAND TALENT, ESPECIALLY PEOPLE OF COLOR, WITH AN INITIAL FOCUS ON TALENT RETENTION. WE SUPPORTED EMPLOYER TALENT ATTRACTION EFFORTS WITH THE LAUNCH OF A PITTSBURGH REGIONAL TALENT MARKETING INITIATIVE, BELONG. BECOME. BE., FOCUSING ON RAISING AWARENESS OF THE REGION'S DIFFERENTIATED ASSETS WITH AN INITIAL FOCUS ON STUDENTS AT COLLEGES AND UNIVERSITIES ACROSS THE REGION, ALL TAILORED TO WHAT TALENT IS LOOKING FOR IN A COMMUNITY.THE 2023 PITTSBURGH PASSPORT KICKED OFF ITS FIFTH YEAR AS A MARQUEE PROGRAM TO SHOWCASE THE REGION'S AMENITIES AND OPPORTUNITIES TO RETAIN MORE COLLEGE STUDENTS AND RECENT GRADUATES TO FILL THE TALENT PIPELINE FOR REGIONAL EMPLOYERS. NEARLY 8,000 STUDENTS ENROLLED INTO THE PROGRAM, REPRESENTING MORE THAN 45 COUNTRIES, 44 STATES AND MORE THAN 250 CITIES. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. IT GAINED NEARLY 2,000 MORE STUDENTS THAN THE PREVIOUS YEAR. 3217264 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X WILLIAM D MCKAIN 4122814783 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 STEFANI PASHMAN CEO 2.00 38.00 X X 0 626758 37553 WILLIAM S DEMCHAK CHAIR 2.00 1.00 X X 0 0 0 ERIC BOUGHNER ENTER 122022 SECRETARY/TREASURER 2.00 1.00 X X 0 0 0 MATT SMITH ENTER 122022 CHIEF GROWTH OFFICER 28.00 17.00 X 0 414268 12146 JANEL SKELLEY CFO 14.00 30.00 X 0 249242 31440 0 1290268 81139 0 0 1 0 DEVELOPMENT COUNSELLORS INT'L LTD 215 PARK AVE SOUTH 1403 NEW YORK NY 10003 MARKETING 217548 PROPHET BRAND STRATEGY INC PO BOX 675279 DETROIT MI 482675279 MARKETING 111800 2 2802668 1704631 4507299 40085 40085 4547384 0 0 40085 X 11501 1791 9710 31694 31694 690200 616386 72773 1041 224237 207568 15853 816 23892 1980 21466 446 41255 41255 131417 131417 171141 161568 8510 1063 261668 201403 22964 37301 18514 18514 14702 14702 SHARED EXPENSES 2788640 1954883 757353 76404 RESEARCH & DEVELOPMENT 97720 57306 40414 DUES AND MEMBERSHIPS 19441 13193 6222 26 21362 1186 20176 4547384 3217264 1213023 117097 193218 470219 2084955 2132933 2000000 117450 35779 62740 72669 2500 2500 4460863 2714100 465310 423173 2103203 398577 2568513 821750 X 1892350 1892350 1892350 1892350 4460863 2714100 0 0 X X 0 1 X 1 0 X X 1 ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 250965213 7 1 4547384 0 1 4547384 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X 0 0 0 0 4547383 12555104 4547383 12555104 377369 777755 94342 194439 0 0 0 0 802162 686668 956919 777755 3223504 4835256 1239 798 364 0 2401 200541 171667 239230 194439 805877 1208816 0 X 4547384 0 4547384 0 4547384 4547384 0 4547384 0 4547384 PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE ACCOUNTING STANDARDS CODIFICATION (CODIFICATION), WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CONFERENCE AND AFFILIATES' COMBINED STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 2023 AND 2022 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE CONFERENCE AND AFFILIATES HAVE NO UNRECOGNIZED TAX BENEFITS. THE CONFERENCE AND AFFILIATES ARE NO LONGER SUBJECT TO EXAMINATION OF THEIR TAX RETURNS FOR YEARS BEFORE 2020. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES BUSINESS DEVELPOMENT 11588 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES BUSINESS DEVELOPMENT 5685 0 0 0 0 0 0 17273 0 17273 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 STEFANI PASHMAN CEO 0 495801 0 129543 0 1414 0 20695 0 16858 0 664311 0 0 MATT SMITH ENTER 122022 CHIEF GROWTH OFFICER 0 343896 0 68958 0 1414 0 7904 0 4242 0 426414 0 0 JANEL SKELLEY CFO 0 212169 0 35659 0 1414 0 12679 0 18761 0 280682 0 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: MS. SKELLEY, MS. PASHMAN, MR. SMITH AND MR. DEMCHAK. FORM 990, PART VI, SECTION A, LINE 6 PITTSBURGH REGIONAL ALLIANCE'S SOLE MEMBER IS ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER ELECTS ALL OF THE DIRECTORS OF PITTSBURGH REGIONAL ALLIANCE WITH THE EXCEPTION OF THE CEO WHO SERVES AS A VOTING EX-OFFICIO DIRECTOR FOR AS LONG AS HE/SHE HOLDS SUCH OFFICE. THE CEO IS APPOINTED BY THE SUPPORTED ORGANIZATION'S BOARD (ACCD). FORM 990, PART VI, SECTION A, LINE 7B THE AFFAIRS OF THE ORGANIZATION ARE UNDER THE GENERAL DIRECTION OF THE BOARD WITH AN EXCLUSIVE RIGHT OF ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT TO APPROVE ALL ACTIONS TAKEN BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B APPROXIMATELY ONE WEEK PRIOR TO FILING, THE GOVERNING BODY AND THE ORGANIZATION'S MANAGEMENT TEAM IS GRANTED ACCESS TO A SECURE LINK TO THE ORGANIZATION'S FTP SITE TO VIEW THE FINAL FORM 990. DURING THIS TIME, THE ORGANIZATION'S BOARD MEMBERS CAN VOLUNTEER ANY OBSERVATIONS & COMMENTS ON THE RETURN BUT ARE NOT REQUIRED TO REVIEW OR FORMALLY APPROVE THE FORM 990 BEFORE OR AFTER IT IS FILED AS PART OF ITS BOARD ACTIVITIES. THE ORGANIZATION'S FINANCE GROUP FUNCTIONS IN TANDEM WITH THE MANAGEMENT TEAM DURING THE PREPARATION OF THE RETURN. THE AUDIT COMMITTEE CHAIR AS PART OF HIS/HER RESPONSIBILITIES WILL BE GIVEN COPIES OF THE DRAFT RETURNS FOR REVIEW. THE CHIEF EXECUTIVE OFFICER WILL MEET WITH THE CFO PRIOR TO THE CFO SIGNING THE FINAL RETURN AND WILL HAVE THE OPPORTUNITY TO REVIEW AND ASK QUESTIONS AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE ("O,D,KE") OF THE ORGANIZATION MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND AFFIRM THAT HE/SHE HAS READ, UNDERSTOOD AND HAS COMPLIED WITH THE POLICY. ALL RESPONSES TO THE DISCLOSURE STATEMENT ARE SUMMARIZED BY THE ACCOUNTING DEPARTMENT. THE CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE IS RESPONSIBLE FOR REVIEWING THE SUMMARY OF DISCLOSURE STATEMENTS SO THAT HE/SHE IS FAMILIAR WITH AND CAN REPORT POTENTIAL CONFLICTS TO THE BOARD. IN ADDITION, EACH INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST OR OTHER INTEREST (AND ALL MATERIAL FACTS REGARDING SUCH INTEREST) AT THE TIME THE BOARD IS CONSIDERING A TRANSACTION THAT MAY INVOLVE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT. IF DETERMINED A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON WILL RECUSE HIMSELF OR HERSELF FROM VOTING. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD WILL DISCLOSE THE ACTIONS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 PRA DOES NOT COMPENSATE ANY INDIVIDUALS FOR BOARD OR EMPLOYMENT SERVICES. WITH RESPECT TO SHARED SERVICES PROVIDED BY THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD) IF ANY, COMPENSATION IS AWARDED BY ACCD PURSUANT TO A PROCESS THAT SATISFIES THE REQUIREMENTS OF THE INTERMEDIATE SANCTIONS REGULATIONS. AT THE DIRECTION OF THE BOARD'S PERSONNEL & COMPENSATION COMMITTEE, AN INDEPENDENT CONSULTANT IS ENGAGED ON A BI-ANNUAL BASIS TO CONDUCT AN ANALYSIS OF EXECUTIVE COMPENSATION TO ENSURE PAY PRACTICES ARE REASONABLE AND WITHIN THE RANGE OF TYPICAL MARKET PRACTICES. FORM 990, PART VI, SECTION C, LINE 18 THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS ACCESSIBLE ON GUIDESTAR AND MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. THE REQUESTOR SHOULD NOTIFY THE ORGANIZATION IN WRITING. IF REQUESTOR AGREES TO REIMBURSE FOR COPY CHARGES, A HARD COPY WILL BE PROVIDED. THE ORGANIZATION ALSO MAKES ITS PUBLIC DISCLOSURE COPY AVAILABLE FOR INSPECTION AT ITS OFFICE LOCATION. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE PUBLIC VIA THE ORGANIZATIONS' WEBSITE, AND REQUESTS FOR THIS INFORMATION ARE HANDLED ON A CASE BY CASE BASIS. FORM 990, PART IX, LINE 11G IR SUPPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,041. TOTAL EXPENSES 1,041. MARKETING SUPPORT: PROGRAM SERVICE EXPENSES 588,199. MANAGEMENT AND GENERAL EXPENSES 4,684. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 592,883. PROFESSIONAL SERVICES OTHER: PROGRAM SERVICE EXPENSES 28,187. MANAGEMENT AND GENERAL EXPENSES 23,030. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,217. HR SUPPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,059. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,059. L THERE WERE NO CHANGES FROM PRIOR YEARS. ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250965213 ECONOMIC DEVELOPMENT PA 501(C)(3) 170(B)(1) (A)(VI) N/A 0 PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 231352264 RESEARCH AND ANALYSIS PA 501(C)(3) 170(B)(1) (A)(VI) ACCD 0 GREATER PITTSBURGH CHAMBER OF COMMERCE 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250399620 ADVOCACY PA 501(C)(6) N/A ACCD 0 GREATER PITTSBURGH CHAMBER OF COMMERCE POLITICAL ACTION COMM 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250399620 POLITICAL ACTION COMMITTEE PA 527 N/A GREATER PITTSBURGH C OF C 0 POWER OF 32 SITE DEVELOPMENT FUND LLC 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 465227064 PRIVATE SECTOR FINANCING PA N/A 0 0 SWPA RESPONSIBLEGROWTH INC 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 873947053 PROMOTE REGIONAL RESPONSIBLE GROWTH PA GREATER PITTSBURGH C OF C C 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250965213 X 0 0 0 12555104 12555104 777755 194439 0 0 0