Nonprofit · EIN 46-1691722
FORTYX80 INC
Also known as PTC TECHCELERATE INC
Tax-exempt · PITTSBURGH, PA 15212
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $571,129 | $703,255 | -$132,126 | $222,044 | $85,482 | $136,562 |
| August 31, 2024 | 990 | $522,054 | $631,110 | -$109,056 | $528,545 | $259,857 | $268,688 |
| August 31, 2023 | 990 | $774,450 | $586,817 | $187,633 | $487,498 | $109,754 | $377,744 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $586,028
- of which government grants
- $12,300
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$14,899
- Other revenue
- -$14,899
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $176,742
- Other salaries and wages
- $216,873
- Salaries, compensation and benefits (total)
- $468,409
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Occupancy
- $20,087
- Travel
- $3,982
- Program services (functional)
- $434,637
- Management and general (functional)
- $177,522
- Fundraising (functional)
- $91,096
Balance sheet and other
- Total assets, start of year
- $528,545
- Total assets, end of year
- $222,044
- Total liabilities, end of year
- $85,482
- Net assets, end of year
- $136,562
- Net assets without donor restrictions
- -$136,650
- Net assets with donor restrictions
- $273,212
- Gross receipts
- $588,038
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2012
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY RUSSO | PRESIDENT & CEO Officer | 14 | $0 | $370,504 | $27,928 |
| ALBERT GUSKY | DIRECTOR OF FINANCE Officer | 10 | $0 | $191,139 | $23,848 |
| MARIA FATTORE | DIR. OF GROWTH CAPITAL UNT Officer | 30 | $151,766 | $0 | $8,339 |
| JOHN FRIEL | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK KURTZROCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MISSY PAXTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANCOIS ESTELLON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA DUPONT | BOARD MEMBER Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended August 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY RUSSO | PRESIDENT & CEO Officer | 14 | $0 | $374,351 | $21,888 |
| ALBERT GUSKY | DIRECTOR OF FINANCE Officer | 10 | $0 | $183,734 | $22,866 |
| MARIA FATTORE | DIR. OF GROWTH CAPITAL UNT Officer | 30 | $87,412 | $0 | $5,245 |
| JOHN FRIEL | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK KURTZROCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MISSY PAXTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANCOIS ESTELLON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended August 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AUDREY RUSSO | PRESIDENT & CEO Officer | 14 | $0 | $366,598 | $23,004 |
| ALBERT GUSKY | DIRECTOR OF FINANCE Officer | 10 | $0 | $178,022 | $21,741 |
| MARIA FATTORE | DIR. OF GROWTH CAPITAL UNT Officer | 30 | $91,410 | $0 | $4,885 |
| JOHN FRIEL | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK KURTZROCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MISSY PAXTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANCOIS ESTELLON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 S COMMONS STE 172, PITTSBURGH, PA 15212-5301
- In care of
- % ALBERT GUSKY
- Mailing address (990-N for 2013)
- 2000 Technology Drive, Pittsburgh PA 15219
- Principal officer (990 for 2024)
- AUDREY RUSSO, 100 S COMMONS SUITE 172, PITTSBURGH, PA 15212
- Principal officer (990-N for 2013)
- Audrey Russo, 2000 Technology Drive, Pittsburgh PA 15219
- Signed the 990
- AUDREY RUSSO, PRESIDENT AND CEO
- Phone
- (412) 687-2700
- Website
- WWW.FORTYX80.ORG
- Return prepared by
- COHEN & CO ADVISORY LLC
Mission
TO CATAPULT THE GROWTH OF ENTREPRENEURS ACROSS SOUTHWESTERN PENNSYLVANIA (SWPA). THIS IS ACCOMPLISHED BY STRENGTHENING THE REGION'S ENTREPRENEURIAL FRAMEWORK THROUGH INCREASED ACCESS TO CAPITAL, EDUCATIONAL PROGRAMMING, AND PROMOTING SWPA GLOBALLY AS A PREMIER LOCATION FOR START-UPS, TALENT, AND TECHNOLOGY.
Program accomplishments
- AN IT APPRENTICESHIP PROGRAM THAT IS DESIGNED TO ELIMINATE THE BARRIERS COMMONLY FACED BY TECH INTERESTED INDIVIDUALS FROM UNDERREPRESENTED GROUPS AS WELL AS GIVE EMPLOYERS ACCESS TO A WIDER, MORE DIVERSE TALENT BASE.Expenses $375,009
- SUPPORT EDUCATION AND TRAINING AT SECONDARY, VOCATIONAL AND HIGHER EDUCATION INSTITUTIONS, AND BY PROVIDING TECHNICAL ASSISTANCE AND EDUCATION SERVICES TO POTENTIAL AND EARLY STAGE ENTREPRENEURS.Expenses $59,628
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 46-1691722
- 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
- 2014
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $222,044
- Income (IRS master file)
- $588,038
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $571,129 | $703,255 | $222,044 | XML |
| 990 | August 2024 | $522,054 | $631,110 | $528,545 | IRS |
| 990 | August 2023 | $774,450 | $586,817 | $487,498 | XML |
| 990 | August 2022 | $557,383 | $533,854 | $442,878 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Audrey Russo | August 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 46-1691722).
Questions about FORTYX80 INC
- What is the EIN of FORTYX80 INC?
- The employer identification number (EIN) of FORTYX80 INC is 46-1691722.
- Is FORTYX80 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FORTYX80 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORTYX80 INC 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 FORTYX80 INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORTYX80 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of FORTYX80 INC?
- The 990 for the year ended August 31, 2025 names AUDREY RUSSO.
- Who are the officers and directors of FORTYX80 INC?
- The 990 for the year ended August 31, 2025 lists 8 people; 1 received compensation from the organization.
- How much revenue does FORTYX80 INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $571,129, expenses of $703,255 and total assets of $222,044 at year end.
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