Nonprofit · EIN 04-3587471
IDEA FOUNDRY
Tax-exempt · PITTSBURGH, PA 15227
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $825,813 | $978,629 | -$152,816 | $1,558,538 | $203,243 | $1,355,295 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $471,613
- Program service revenue
- $256,932
- Investment income
- $97,268
- Net gain from sales of assets
- $55,568
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $178,929
- Other salaries and wages
- $278,300
- Salaries, compensation and benefits (total)
- $512,775
- Professional fundraising fees
- $0
- Accounting fees
- $8,392
- Occupancy
- $30,538
- Travel
- $1,657
- Program services (functional)
- $785,037
- Management and general (functional)
- $172,731
- Fundraising (functional)
- $20,861
Balance sheet and other
- Total assets, start of year
- $1,699,934
- Total assets, end of year
- $1,558,538
- Total liabilities, end of year
- $203,243
- Net assets, end of year
- $1,355,295
- Net assets without donor restrictions
- $1,355,295
- Gross receipts
- $825,813
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL M MATESIC | DIRECTOR & CEO Trustee or director, Officer | 50 | $160,000 | $18,929 |
| RICHARD K RIEDERER | CHAIRMAN OF THE BOARD Trustee or director | 10 | $0 | $0 |
| JAMES C STALDER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PATRICK B STEWART | DIRECTOR & SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| RICHARD DANFORTH | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1212 PROSPECT RD, PITTSBURGH, PA 15227-1429
- In care of
- % STUART BELL
- Principal officer (990 for 2024)
- MICHAEL M MATESIC, 1212 PROSPECT RD, PITTSBURGH, PA 15227
- Signed the 990
- MICHAEL M MATESIC, CEO
- Phone
- (412) 613-8126
- Return prepared by
- BRENNAN PIPER & ASSOCIATES PC
Mission
TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA.
Program accomplishments
- TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA. THE ORGANIZATION WAS ESTABLISHED TO TRANSFORM TECHNOLOGY-BASED IDEAS INTO FUNDABLE START-UP COMPANIES THROUGH BUSINESS DEVELOPMENT PROGRAMSExpenses $785,037 · revenue $312,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3587471
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,558,538
- Income (IRS master file)
- $825,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $353,744 | $708,975 | $1,699,934 | IRS |
| 990 | December 2022 | $250,130 | $594,583 | $2,143,504 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about IDEA FOUNDRY
- What is the EIN of IDEA FOUNDRY?
- The employer identification number (EIN) of IDEA FOUNDRY is 04-3587471.
- Is IDEA FOUNDRY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to IDEA FOUNDRY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IDEA FOUNDRY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IDEA FOUNDRY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IDEA FOUNDRY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IDEA FOUNDRY?
- The 990 for the year ended December 31, 2024 names MICHAEL M MATESIC.
- Who are the officers and directors of IDEA FOUNDRY?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $160,000 (MICHAEL M MATESIC, DIRECTOR & CEO).
- How much revenue does IDEA FOUNDRY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $825,813, expenses of $978,629 and total assets of $1,558,538 at year end.
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All nonprofits in PITTSBURGH · Pennsylvania · Community improvement and capacity building