Overview
What is Pittsburgh Gateways Corporation?
Pittsburgh Gateways Corporation is a nonprofit organization located at 1435 Bedford Avenue, Pittsburgh, PA 15219. Their primary mission is to offer strategic planning, development, and direct management assistance to communities, community-based economic development organizations, research institutions, and private entities aiming to accelerate technology-based businesses. This mission also includes combating community deterioration in economically distressed areas, such as Pittsburgh and other parts of Pennsylvania. In addition to this, the corporation provides technical skills training to individuals from the Hill District and surrounding areas in Pittsburgh through their Intro to Trades Program. With a team of 9 dedicated employees, Pittsburgh Gateways Corporation strives to positively impact the community and promote economic growth.
Official website here: www.pghgateways.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%
Pittsburgh Gateways Corporation has received a low rating of 48%, translating to a Zero-Star out of Four Star rating. This score indicates concerns regarding the organization's financial health and transparency, which are critical factors for potential donors. While it boasts a fully independent board and a strong financial oversight committee, the overall performance in program expenses and financial ratios raises red flags.
Strengths of the organization include a complete independent board and adherence to policies regarding conflicts of interest and asset accountability. Additionally, the absence of any reported material diversion of assets suggests a level of integrity in financial management. However, significant areas of concern are highlighted by missing policies on whistleblowing and document retention, as well as a lack of accessible financial statements on the nonprofit's website.
The program expense ratio is notably low at 36.47%, indicating that a small percentage of the budget is allocated towards programs, which may impact the effectiveness of the organization’s mission in serving its community. The liabilities to assets ratio is also concerning at 8.94%, further emphasizing potential financial instability. Overall, while Pittsburgh Gateways Corporation shows some governance strengths, the financial and operational weaknesses warrant caution from supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Pittsburgh Gateways Corporation legitimate?
Pittsburgh Gateways Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pittsburgh Gateways Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,048,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,515
For more financial information, click here
Official website here: www.pghgateways.org
What is the mission statement of Pittsburgh Gateways Corporation?
Pittsburgh Gateways Corporation's mission is to offer strategic planning, development, and direct management assistance to various entities, including communities, community-based economic development organizations, research institutions, and private entities. This assistance aims to accelerate the growth of technology-based businesses. Part of their mission involves combating community deterioration in economically distressed areas, such as Pittsburgh and other parts of Pennsylvania.
Official website here: www.pghgateways.org
Who is the CEO of Pittsburgh Gateways Corporation?
Donald Evans is the Chairman of Pittsburgh Gateways Corporation. The CEO's salary of Pittsburgh Gateways Corporation is $112,670 and their total compensation is $112,670.
Official website here: www.pghgateways.org
What is the revenue of Pittsburgh Gateways Corporation?
Pittsburgh Gateways Corporation's revenue in 2022 was $1,497,429.
Official website here: www.pghgateways.org
Who are the executives of Pittsburgh Gateways Corporation and what are their salaries?
The average compensation at Pittsburgh Gateways Corporation during 2022 was $175,122. There are 9 employees at Pittsburgh Gateways Corporation.
Here are 15 key members and their salaries (Pittsburgh Gateways Corporation's CEO's salary is $112,670 and their total compensation is $112,670):
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- Compensation: $226,980
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- Other: $457,202
- Compensation: $215,000
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- Compensation: $39,430
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Official website here: www.pghgateways.org
Where can I find the form 990 for Pittsburgh Gateways Corporation?
Pittsburgh Gateways Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pghgateways.org
Learn more at the official website: www.pghgateways.org
Mission Statement of Pittsburgh Gateways Corporation
Pittsburgh Gateways Corporation, as a nonprofit organization, is dedicated to providing strategic planning, development, and direct management assistance. This aid is extended to various entities, including communities, community-based economic development organizations, research institutions, and private entities. The primary objective of this assistance is to accelerate the growth of technology-based businesses.
In addition to this mission, Pittsburgh Gateways Corporation has a goal to combat community deterioration, particularly in economically distressed areas. This commitment extends beyond the city of Pittsburgh, encompassing other economically challenged regions in Pennsylvania. By offering its services, the organization aims to contribute to the revitalization and development of these communities, ultimately fostering economic growth and improvement of living conditions.
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Impact
October, 2024
Pittsburgh Gateways Corporation plays a significant role in fostering community development and accelerating technology-based business growth in economically distressed areas, particularly in Pittsburgh and beyond. By providing strategic planning and management assistance, the organization supports communities and entities aiming for sustainable economic progress.
One of the key initiatives is the "Intro to Trades Program," which offers technical skills training to individuals from the Hill District and surrounding neighborhoods. This program empowers participants with essential skills, enhancing their employability and contributing to workforce development in the region.
Moreover, by addressing community deterioration through targeted programs and partnerships, Pittsburgh Gateways Corporation directly impacts the revitalization of local economies. Its efforts help combat the challenges faced by communities, promoting a healthier and more vibrant environment for residents and businesses alike. Overall, the organization's multifaceted approach not only fosters economic growth but also strengthens the fabric of the communities it serves, creating lasting positive change.
This information is meant to be a general summary of Pittsburgh Gateways Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $133,968
- Program Service Revenue: $518,108
- Gross Receipts: $1,507,317
Assets and Liabilities:
- Total Assets: $45,817,225
- Total Liabilities: $4,100,764
- Net Assets: $41,716,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$392,388
PROGRAM SERVICE FEES
Revenue
$125,720
Organization Details
Founding Year
1998
Phone
(412) 802-0770Principal Officer
Donald Evans
Main Address
1435 BEDFORD AVENUE, PITTSBURGH, PA, 15219
Website
www.pghgateways.orgNTEE Category
Code: Z99 - Unknown
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