Overview
What is Catalyst Connection?
Catalyst Connection, located in Pittsburgh, Pennsylvania, serves as an economic development organization with a mission to enhance the growth and productivity improvements of small and medium-sized manufacturing companies in southwestern Pennsylvania. They accomplish this by conducting seminars, sponsoring forums, providing technical advisory services, and promoting social welfare. Their activities primarily focus on strengthening the local manufacturing sector, supporting advanced technology, and fostering a skilled workforce through education programs, public events, publications, and internships. With a team of 32 dedicated individuals, Catalyst Connection is committed to driving the success of the manufacturing industry in their region.
Official website here: www.catalystconnection.org
What are the reviews and ratings of this charity?
Catalyst Connection has received an impressive score of 96% from Charity Navigator, earning it a Four-Star out of Four Star rating. This high rating indicates outstanding accountability and financial management, with full credit given across multiple criteria including independent board membership and financial oversight. The organization's fiscal health is notable, with a program expense ratio of 95.08%, demonstrating a strong focus on project implementation rather than administrative costs.
The charity is recognized for having a completely independent board of directors and robust policies in place, such as whistleblower and conflict of interest policies. These elements reflect a commitment to transparency and accountability, suggesting that stakeholders can trust the organization to manage funds wisely and adhere to best practices.
However, there is a limitation in that Catalyst Connection did not post its tax form on its website as stated on Form 990, which resulted in a score of zero for that criterion. This oversight may raise concerns about accessibility to important financial information, although it does not significantly detract from the overall positive assessment of the charity's financial health.
User reviews from GreatNonprofits could not be retrieved.
This AI summary has been generated from information found on Charity Navigator.
Is Catalyst Connection legitimate?
Catalyst Connection is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst Connection 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: $550,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,384,163
For more financial information, click here
Official website here: www.catalystconnection.org
What is the mission statement of Catalyst Connection?
Catalyst Connection serves as an economic development organization, dedicated to boosting the growth and productivity improvements of small and medium-sized manufacturing companies. This is achieved through various means, including education programs, public forums, technical advisory services, publications, and internship opportunities. The organization's mission, in essence, is to strengthen the manufacturing sector in its region, by advancing the performance of these companies, thereby supporting the development of advanced technology and a skilled workforce.
Official website here: www.catalystconnection.org
Who is the CEO of Catalyst Connection?
Petra Mitchell President is the CEO of Catalyst Connection The CEO's salary of Catalyst Connection is $315,596 and their total compensation is $421,334.
Official website here: www.catalystconnection.org
What is the revenue of Catalyst Connection?
Catalyst Connection's revenue in 2023 was $9,741,282.
Official website here: www.catalystconnection.org
Who are the executives of Catalyst Connection and what are their salaries?
The average compensation at Catalyst Connection during 2023 was $109,301. There are 36 employees and 32 volunteers at Catalyst Connection.
Here are 32 key members and their salaries (Catalyst Connection's CEO's salary is $315,596 and their total compensation is $421,334):
- Compensation: $315,596
- Related: $0
- Other: $105,738
- Compensation: $219,683
- Related: $0
- Other: $23,316
- Compensation: $212,412
- Related: $0
- Other: $21,120
- Compensation: $189,291
- Related: $0
- Other: $36,249
- Compensation: $181,312
- Related: $0
- Other: $35,792
- Compensation: $172,806
- Related: $0
- Other: $40,180
- Compensation: $169,517
- Related: $0
- Other: $14,984
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Official website here: www.catalystconnection.org
Where can I find the form 990 for Catalyst Connection?
Catalyst Connection's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catalystconnection.org
Learn more at the official website: www.catalystconnection.org
Mission Statement of Catalyst Connection
Catalyst Connection, as an economic development organization, is committed to advancing the growth and productivity improvements of small and medium-sized manufacturing companies in the region. Their mission is to strengthen the manufacturing sector by providing education programs, technical advisory services, hosting public forums, publishing relevant materials, and offering internships. This approach enables these companies to enhance their performance, ultimately contributing to a more robust and technologically advanced manufacturing economy.
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Impact
October, 2024
Catalyst Connection plays a vital role in strengthening the manufacturing economy in southwestern Pennsylvania, particularly for small and medium-sized enterprises (SMEs). By focusing on education programs, public forums, and technical advisory services, it enhances the performance and competitiveness of local manufacturers.
The organization offers seminars that empower industry players with the latest knowledge and practices, fostering a culture of continuous improvement. Through public forums, it facilitates networking and collaboration, creating opportunities for businesses to share insights and forge partnerships.
In addition, Catalyst Connection provides tailored technical advisory services to help companies overcome specific challenges and enhance their operational efficiency. The development of a trained workforce is paramount, and through internships and hands-on learning experiences, it ensures that the next generation of workers is equipped with the skills necessary for success in advanced technology sectors.
Overall, Catalyst Connection accelerates growth and productivity improvements for manufacturers, ultimately contributing to a robust and sustainable economic landscape in the region.
This information is meant to be a general summary of Catalyst Connection. 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 2023.
- Investment Income: $42,872
- Program Service Revenue: $1,882,031
- Gross Receipts: $9,741,282
Assets and Liabilities:
- Total Assets: $6,619,284
- Total Liabilities: $1,384,432
- Net Assets: $5,234,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATIONS
Revenue
$1,882,031
Organization Details
Founding Year
1983
Principal Officer
Petra Mitchell
Website
www.catalystconnection.orgNTEE Category
Code: U40Z - Science research
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