2024-07-11T12:28:14-05:00 2023-08-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2022-09-01 473515830 POINT PARK UNIVERSITY FOUNDATION POIN 4123923992 201 WOOD STREET PITTSBURGH PA 15222 BRIDGET MANCOSH SECRETARY/ASST. TREASURER 4123923992 2024-07-09 1 BRIDGET MANCOSH 999009999 0 SARAH R PIOT P01358891 4122613644 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIDGET MANCOSH 201 WOOD STREET PITTSBURGH PA 15222 40063 0 X N/A X 2015 PA TO PROMOTE, SUPPORT, AND FURTHER THE EDUCATIONAL MISSION OF POINT PARK UNIVERSITY 5 3 0 3 0 0 0 0 0 0 52013 40063 0 0 52013 40063 0 0 0 0 0 0 0 0 0 47361 75340 47361 75340 4652 -35277 4892772 34134 7361 0 4885411 34134 TO PROMOTE, SUPPORT, AND FURTHER THE EDUCATIONAL MISSION OF POINT PARK UNIVERSITY 0 0 40000 IN ITS CAPACITY AS A SUPPORTING ORGANIZATION TO POINT PARK UNIVERSITY, THE POINT PARK UNIVERSITY FOUNDATION WILL PROMOTE, SUPPORT AND FURTHER THE EXEMPT PURPOSES OF THE UNIVERSITY. THE UNIVERSITY'S EXEMPT MISSION IS TO EDUCATE STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARE GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. 40000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X JAMES HARDT 4123923969 201 WOOD STREET PITTSBURGH PA 15222 DR DON GREEN PRESIDENT (EXITED 1/23) 0.25 40.00 X X 0 476793 442037 BRIDGET MANCOSH SECRETARY/ASST. TREASURER 0.25 40.00 X X 0 318197 47313 CHRIS BRUSSALIS EDD PRESIDENT (ENTERED 2/23) 0.25 40.00 X X 0 0 0 HELEN BILLAK CHAIR 0.25 0.00 X X 0 0 0 WILLIAM GENERETT JR VICE CHAIR 0.25 0.00 X X 0 0 0 WILLIAM JONES TREASURER 0.25 0.00 X X 0 0 0 0 794990 489350 0 0 1 0 0 40063 40063 40063 0 0 40063 X 23250 23250 11090 11090 41000 40000 1000 75340 40000 35340 0 68103 34134 8669 0 4816000 0 4892772 34134 7361 0 7361 0 X 4885411 34134 4885411 34134 4892772 34134 X -35277 -4816000 X 0 0 0 X X X 1 POINT PARK UNIVERSITY 251094922 2 1 75340 0 1 75340 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION E, LINE 2A: IN ITS CAPACITY AS A SUPPORTING ORGANIZATION TO POINT PARK UNIVERSITY, THE PPU FOUNDATION WILL PROMOTE, SUPPORT AND FURTHER THE EXEMPT PURPOSES OF THE UNIVERSITY. THE UNIVERSITY'S EXEMPT MISSION IS TO EDUCATE STUDENTS IN A DIVERSE ENVIRONMENT AND PREPARE GRADUATES TO APPLY KNOWLEDGE TO ACHIEVE THEIR GOALS, ADVANCE THEIR PROFESSIONS AND SERVE THEIR COMMUNITIES. AS A SUPPORTING ORGANIZATION OF THE UNIVERSITY, PPU FOUNDATION AT ALL TIMES WILL BE OPERATED IN CONNECTION WITH THE UNIVERSITY. PPU FOUNDATION WILL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF THE UNIVERSITY. AT NO TIME WILL PPU FOUNDATION BE CONTROLLED, DIRECTLY OR INDIRECTLY, BY DISQUALIFIED PERSONS OTHER THAN FOUNDATION MANAGERS OR AN ORGANIZATION DESCRIBED IN EITHER SECTIONS 509(A)(1) OR 509(A)(2) OF THE CODE. PART IV, SECTION E, LINE 2B: SPECIFICALLY, PPU FOUNDATION WILL PARTICIPATE IN A NEW MARKETS TAX CREDIT FINANCING ARRANGEMENT FOR THE CONSTRUCTION OF A NEW FACILITY FOR THE PITTSBURGH PLAYHOUSE WHICH WILL HOUSE THE PERFORMING ARTS CENTER OF THE UNIVERSITY. PPU FOUNDATION'S ACTIVITIES ARE LIMITED TO THOSE ACTIVITIES, BUT FOR THE PPU FOUNDATION, THE ACTIVITIES WOULD HAVE BEEN CONDUCTED BY THE UNIVERSITY IN CONNECTION WITH CARRYING OUT ITS EXEMPT PURPOSE. PART IV, SECTION D, LINE 3: THERE SHALL BE TWO CLASSES OF DIRECTORS: INDEPENDENT DIRECTORS AND POINT PARK UNIVERSITY DIRECTORS. INDEPENDENT DIRECTORS MAY NOT BE CURRENT DIRECTORS, OFFICERS, OR EMPLOYEES OF POINT PARK UNIVERSITY. AT ALL TIMES, THE NUMBER OF POINT PARK UNIVERSITY DIRECTORS SHALL BE ONE LESS THAN THE NUMBER OF INDEPENDENT DIRECTORS, SUCH THAT THE INDEPENDENT DIRECTORS SHALL ALWAYS BE A MAJORITY OF THE DIRECTORS IN OFFICE. THERE SHALL INITIALLY BE THREE (3) INDEPENDENT DIRECTORS AND TWO(2) POINT PARK UNIVERSITY DIRECTORS. FURTHERMORE, BASED UPON THIS RELATIONSHIP, THE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES OF PPU FOUNDATION, THE TIMING AND MANNER OF DISTRIBUTIONS AND OTHERWISE DIRECTING THE USE OF THE INCOME AND ASSETS OF PPU FOUNDATION. 0 0 0 0 0 0 0 0 0 DR DON GREEN PRESIDENT (EXITED 1/23) 0 424440 0 40000 0 12353 0 417375 0 24662 0 918830 0 0 BRIDGET MANCOSH SECRETARY/ASST. TREASURER 0 293844 0 24000 0 353 0 22875 0 24438 0 365510 0 0 FORM 990, PART VI, SECTION A, LINE 2 BRIDGET MANCOSH, DON GREEN, AND CHRIS BRUSSALLIS ARE OFFICERS AND EMPLOYEES OF POINT PARK UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS THE AUTHORITY TO ORGANIZE AND CONDUCT THEIR OPERATIONS VIA COMMITTEE, HOWEVER, THE ORGANIZATION HAS NOT YET EXERCISED SUCH AUTHORITY. AS SUCH, THE ORGANIZATION HAS NOT DOCUMENTED COMMITTEE MEETINGS OR ACTIONS TAKEN IN THE CURRENT YEAR. HOWEVER, ONCE THE ORGANIZATION CHOOSES TO OPERATE BY COMMITTEE, THEY INTEND TO DOCUMENT ALL SUCH MEETINGS AND ACTIONS TAKEN. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FORM 990 BEING SUBMITTED TO THE INTERNAL REVENUE SERVICE, THE FORM IS REVIEWED BY THE ASSISTANT TREASURER AND IS MADE AVAILABLE TO THE BOARD OF DIRECTORS, FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON HAS AN ONGOING OBLIGATION TO DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS AND ANY RELEVANT COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 PPU FOUNDATION DOES NOT COMPENSATE ANY OFFICER, DIRECTOR, OR TRUSTEE. SHOULD THIS SITUATION CHANGE IN THE FUTURE, THE PPU FOUNDATION WILL FOLLOW ITS CONFLICT OF INTEREST POLICY AND SATISFY ALL OF THE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS PURSUANT TO THE INTERMEDIATE SANCTIONS SAFE HARBOR WHEN DETERMINING REASONABLE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 40,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,000. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. FORM 990, PART XI, LINE 9: DEBT FORGIVENESS -4,816,000. POINT PARK UNIVERSITY 201 WOOD STREET PITTSBURGH PA 15222 251094922 HIGHER EDUCATION PA 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0