2024-10-31T10:16:48-05:00 2023-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2023-01-01 250965213 ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT ALLE 4122811890 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 WILLIAM D MCKAIN CHIEF FINANCIAL OFFICER 4122811890 2024-10-30 1 0 SARAH R PIOT P00341397 4122613644 2023 2024-10-15 13:58:12Z STEFANI PASHMAN 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 12187888 0 X WWW.ALLEGHENYCONFERENCE.ORG X 1944 PA TO STIMULATE ECONOMIC GROWTH AND IMPROVE THE QUALITY OF LIFE THROUGHOUT SOUTHWESTERN PENNSYLVANIA. 51 50 70 60 0 0 10301002 9555715 2329294 2465454 20127 156719 10000 10000 12660423 12187888 4277615 5362441 0 0 7184587 8048120 0 0 431198 71401 -855457 11533603 12555104 1126820 -367216 22189526 22183534 4053131 4414355 18136395 17769179 X SEE SCHEDULE OTHE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD) AND AFFILIATES - THE GREATER PITTSBURGH CHAMBER OF COMMERCE (CHAMBER), THE PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH(PELGP) AND THE PITTSBURGH REGIONAL ALLIANCE (PRA) - WORK IN COLLABORATION WITH PUBLIC AND PRIVATE SECTOR PARTNERS TO STIMULATE ECONOMIC GROWTH AND IMPROVE THE QUALITY OF LIFE IN SOUTHWESTERN PENNSYLVANIA. 0 0 3854670 2285815 1211959 FROM 2021-2023, AS PART OF THE ALLEGHENY CONFERENCE'S 10-YEAR PLAN "NEXT IS NOW: A 10-YEAR VISION OF VITALITY FOR THE PITTSBURGH REGION," WITH THE SUPPORT FROM MORE THAN 250 REGIONAL INVESTORS COUNCIL MEMBERS AND PARTNERS, THE ALLEGHENY CONFERENCE ADVANCED AN AGENDA WITH STRATEGIC PRIORITIES TO MOBILIZE MEMBERS AND PARTNERS ACROSS THE REGION. TOGETHER WE LAID THE FOUNDATION FOR ACHIEVING OUR SHARED VISION FOR A VITAL, GLOBALLY COMPETITIVE REGION WITH OPPORTUNITY FOR ALL BY GROWING OUR ECONOMY, GALVANIZING INCLUSIVE REGIONAL ENGAGEMENT AND UNLOCKING THE REGION'S POTENTIAL. (CONTINUED ON SCHEDULE O)TOGETHER WE ARE GROWING OUR ECONOMY BY SECURING BUSINESS INVESTMENT AND JOB CREATION. IN SERVICE TO THE 10-COUNTY PITTSBURGH REGION, WE HELPED TO SECURE 82 WINS REPRESENTING $2.58 BILLION CAPEX AND 7,072 NEW AND RETAINED JOBS AND CREATED A STRONG PIPELINE OF OVER 100 PROSPECTS REPRESENTING BILLIONS OF DOLLARS AND THOUSANDS OF JOBS. THESE ECONOMIC DEVELOPMENT EFFORTS FOCUSED ON OPPORTUNITIES IN KEY HIGH-GROWTH, FUTURE-FOCUSED INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, INCLUDING: AUTONOMY AND ROBOTICS, CYBERSECURITY, FINANCIAL SERVICES AND LIFE SCIENCES. BY FOCUSING EFFORTS ON KEY HIGH-GROWTH, INNOVATION-DRIVEN INDUSTRIES WHERE THE REGION HAS COMPETITIVE ADVANTAGES, OUR REGION ACHIEVED ECONOMIC DEVELOPMENT WINS SUCH AS:ADVANCED MANUFACTURINGBCI STEEL AND NEXTTRACKER: A REGIONAL STEEL FACTORY REVITALIZED TO MANUFACTURE COMPONENTS FOR SOLAR PANELS.RE:BUILD MANUFACTURING: A NEW MANUFACTURING HUB AT NEW KENSINGTON ADVANCED MANUFACTURING PARK TO SERVE ENERGY, LIFE SCIENCES, ROBOTICS, AEROSPACE AND OTHER HIGH-GROWTH INDUSTRIES.SHELL POLYMERS MONACA: THE FIRST MAJOR POLYETHYLENE MANUFACTURING COMPLEX IN THE NORTHEASTERN UNITED STATES COMMENCED OPERATIONS AND OPENED ITS INNOVATION CENTER REPRESENTING A MULTIBILLION-DOLLAR INVESTMENT.ENERGYEOS ENERGY ENTERPRISES: A GROUNDBREAKING LONG-DURATION BATTERY MANUFACTURER IN EAST PITTSBURGH THAT RECEIVED A CONDITIONAL $398.6 MILLION FEDERAL LOAN GUARANTEE TO SUPPORT A MAJOR EXPANSION.WESTINGHOUSE: AN EVINCI MICROREACTOR BUSINESS IN A FORMER FACTORY IN ETNA TO MANUFACTURE NUCLEAR BATTERIES.LIFE SCIENCESELEVATEBIO BASECAMP INC.: A $35 MILLION CELL AND GENE THERAPY FACILITY TO OPEN IN PITTSBURGH'S HAZELWOOD GREEN.ROBOTICS & AIGECKO ROBOTICS: A $100 MILLION INVESTMENT FROM A $5 BILLION TECHNOLOGY FUND FROM PITTSBURGH'S THOMAS TULL AND EXPANDED ROLE WITHIN THE U.S. DEPARTMENT OF DEFENSE TO ACCELERATE MAINTENANCE.SPACEASTROBOTIC: A $20 MILLION INVESTMENT TO RENOVATE A FIVE-STORY BUILDING NEAR ITS HEADQUARTERS ON PITTSBURGH'S NORTH SIDE AS THE COMPANY PREPARED THE FIRST COMMERCIAL LAUNCH OF ITS PEREGRINE LANDER TO THE MOON.YEAR OVER YEAR, WE EXPANDED THE REACH OF THE NEWLY CREATED BUSINESS INVESTMENT BRAND, PITTSBURGH REGION. NEXT IS NOW, HIGHLIGHTING THE REGION AS AN ICONIC PLACE WHERE WHAT'S NEXT IS HAPPENING NOW AND WHERE COMPANIES, STARTUPS, UNIVERSITIES AND MORE ARE ALL MEETING THE WORLD'S BIGGEST CHALLENGES AND BUILDING A NEXT GENERATION ECONOMY FOR ALL. COMPARED TO 2022, DIGITAL MARKETING EFFORTS IN 2023 RESULTED IN:10% INCREASE IN EARNED MEDIA IMPRESSIONS. 30% INCREASE IN LINKEDIN FOLLOWERS.+300% INCREASE IN PAID MEDIA IMPRESSIONS.140% INCREASE IN CONVERSIONS ACROSS MEDIA PLATFORMS.+402.7% INCREASE IN WEBSITE VISITORS.POST-PANDEMIC, WE IMPLEMENTED A MORE AGGRESSIVE, TARGETED FOREIGN DIRECT INVESTMENT STRATEGY WITH AN INITIAL FOCUS ON GERMANY THROUGH A SERIES OF BILATERAL TRADE MISSIONS.RECOGNIZING THAT A GLOBALLY COMPETITIVE ECONOMY DEPENDS ON THE AVAILABILITY OF TALENT AND A SKILLED WORKFORCE, WE LED EFFORTS TO ATTRACT AND RETAIN HIGH-DEMAND TALENT, ESPECIALLY PEOPLE OF COLOR, WITH AN INITIAL FOCUS ON TALENT RETENTION. WE SUPPORTED EMPLOYER TALENT ATTRACTION EFFORTS WITH THE LAUNCH OF A PITTSBURGH REGIONAL TALENT MARKETING INITIATIVE, BELONG. BECOME. BE., FOCUSING ON RAISING AWARENESS OF THE REGION'S DIFFERENTIATED ASSETS WITH AN INITIAL FOCUS ON STUDENTS AT COLLEGES AND UNIVERSITIES ACROSS THE REGION, ALL TAILORED TO WHAT TALENT IS LOOKING FOR IN A COMMUNITY.THE 2023 PITTSBURGH PASSPORT KICKED OFF ITS FIFTH YEAR AS A MARQUEE PROGRAM TO SHOWCASE THE REGION'S AMENITIES AND OPPORTUNITIES TO RETAIN MORE COLLEGE STUDENTS AND RECENT GRADUATES TO FILL THE TALENT PIPELINE FOR REGIONAL EMPLOYERS. NEARLY 8,000 STUDENTS ENROLLED INTO THE PROGRAM, REPRESENTING MORE THAN 45 COUNTRIES, 44 STATES AND MORE THAN 250 CITIES. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. IT GAINED NEARLY 2,000 MORE STUDENTS THAN THE PREVIOUS YEAR. 1766530 136546 512878 WE GALVANIZED INCLUSIVE REGIONAL ENGAGEMENT TO ENHANCE VITALITY FOR ALL.WE RAISED AWARENESS OF AND SOCIALIZED THE INCLUSIVE GROWTH PRINCIPLES TO SUPPORT EMPLOYMENT, BUSINESS GROWTH AND COMMUNITY WEALTH CREATION THROUGH A SERIES OF 11 INCLUSIVE GROWTH ROUNDTABLES FOR ALLEGHENY CONFERENCE REGIONAL INVESTORS AND PARTNERS.SPECIFIC INITIATIVES INCLUDED:(CONTINUED ON SCHEDULE O)BLACK ECONOMIC ADVANCEMENT MOBILITY (BEAM) COLLABORATIVE, WHICH IDENTIFIES PROMISING MINORITY-OWNED BUSINESSES WITH THE POTENTIAL TO SCALE AND SUPPORTS THEM IN BUILDING CAPACITY AND CONNECTING THEM WITH POTENTIAL CUSTOMERS. IN 2023, WE CREATED THE BEAM PROCUREMENT COLLABORATIVE (BPC) COMPRISED OF 13 ANCHOR INSTITUTIONS WILLING TO BE ENGAGED IN PARTNERING AND ENGAGING DIVERSE BUSINESSES. OF THESE 13 BUSINESSES, 11 WERE ALLEGHENY CONFERENCE REGIONAL INVESTORS.STRENGTHENING COMMUNITIES PARTNERSHIP (SCP), SINCE ITS INCEPTION IN 2013, HAS POSITIONED SOUTHWESTERN PENNSYLVANIA AS THE DOMINANT RECIPIENT OF FUNDING AWARDED BY PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED) THROUGH THE NEIGHBORHOOD ASSISTANCE PROGRAM (NAP), CAPTURING ABOUT 45% OF TOTAL STATE TAX CREDIT AWARDED ANNUALLY. FROM 2021 TO 2023, SCP MEMBERS RECEIVED MORE THAN $3 MILLION EACH YEAR THROUGH NAP TAX CREDITS, TOTALING NEARLY $10 MILLION.WE WORKED TO FACILITATE CATALYTIC INVESTMENT IN REAL ESTATE AND PEOPLE BY IMPLEMENTING A NEW STRATEGIC FOCUS FOR THE STRATEGIC INVESTMENT FUND (SIF) THAT EMPHASIZES INVESTMENT IN DOWNTOWN PITTSBURGH AND HISTORICALLY EXCLUDED COMMUNITIES ACROSS SOUTHWESTERN PENNSYLVANIA. SIF HAS SECURED TO DATE A TOTAL OF $39.2 MILLION IN A PRIVATE OFFERING FROM ITS EXISTING INVESTORS.THE MOST RECENT SIF INVESTMENT WAS A $6 MILLION LOAN TO VICTRIX LLC TO MOVE FORWARD WITH REDEVELOPING THE FORMER GNC HEADQUARTERS IN DOWNTOWN PITTSBURGH INTO A 253-UNIT APARTMENT CONVERSION.AS DOWNTOWN PITTSBURGH STRUGGLED TO FULLY RECOVER FROM THE COVID-19 PANDEMIC, WE PARTNERED WITH PITTSBURGH DOWNTOWN PARTNERSHIP AND CONVENED STAKEHOLDERS TO DEVELOP A STRATEGY TO MAXIMIZE THE VITALITY AND ECONOMIC PROSPERITY OF OUR REGION'S URBAN CORE. EFFORTS INCLUDED:THE URBAN REDEVELOPMENT AUTHORITY DEVELOPED A $6 MILLION DOWNTOWN CONVERSION FUND AND THE DEPARTMENT OF CITY PLANNING IMPLEMENTED ZONING CHANGES TO STREAMLINE CONVERSION.TO IMPROVE THE PEDESTRIAN EXPERIENCE OF DOWNTOWN, THE CONFERENCE SUPPORTED THE PITTSBURGH DOWNTOWN PARTNERSHIP IN ITS EFFORT TO RAISE $5 MILLION OVER FIVE YEARS FROM CORPORATE AND PHILANTHROPIC SOURCES TO PROVIDE A UNIFORMED BUT NON-LAW ENFORCEMENT AMBASSADOR PROGRAM TO SUPPORT WAYFINDING, VISITOR SUPPORT, CONFLICT RESOLUTION AND MORE.IN ADDITION TO THE EXISTING MULTI-MILLION-DOLLAR INVESTMENTS IN DOWNTOWN REVITALIZATION EFFORTS, WE WORKED WITH CORPORATE AND PHILANTHROPIC PARTNERS TO COMMIT AN ADDITIONAL $2 MILLION TO PROVIDE ENHANCED ON-STREET MAINTENANCE, PUBLIC SAFETY AND HEALTH OUTREACH EFFORTS, CLEANLINESS AND VITALITY. AS PART OF THIS FUNDING, WE ALIGNED WITH THE PITTSBURGH DOWNTOWN PARTNERSHIP AND OTHER PARTNERS TO ADDRESS THE NEED FOR PUBLIC RESTROOMS DOWNTOWN THROUGH A SIX-MONTH PILOT PROGRAM.IN AUGUST 2023, WITH MORE THAN 20 PARTNERS, WE LAUNCHED INDEXPGH, AN ONLINE DASHBOARD TO PROVIDE FACT-BASED DATA ON THE NEIGHBORHOOD'S PROGRESS ACROSS THE MEASURES OF VIBRANCY, ECONOMY, CLEANLINESS AND BEAUTIFICATION, AND SAFETY AND PUBLIC HEALTH. SINCE THE INCREASE OF DOWNTOWN REVITALIZATION EFFORTS, WE HAVE SEEN AN UPTICK IN VISITORS TO DOWNTOWN AND, GOING FORWARD, ARE WORKING WITH OUR PARTNERS TO DEVELOP AND IMPLEMENT A LONG-TERM STRATEGY FOR DOWNTOWN.FROM AUGUST 2023 TO JANUARY 2024, INDEXPGH REACHED NEARLY 22,300 VIEWS WITH MORE THAN 4,200 USERS.THE 2022 PITTSBURGH PASSPORT* KICKED OFF ITS FOURTH YEAR AS A MARQUEE PROGRAM TO SHOWCASE THE REGION'S AMENITIES AND OPPORTUNITIES TO RETAIN MORE COLLEGE STUDENTS AND RECENT GRADUATES TO FILL THE TALENT PIPELINE FOR REGIONAL EMPLOYERS.IN TOTAL, THE PROGRAM HAS REACHED MORE THAN 6,000 COLLEGE STUDENTS FROM 39 STATES AND 41 COUNTRIES VIA A HYBRID PLATFORM OF IN-PERSON AND VIRTUAL EVENTS. OF THE STUDENTS REACHED, 40% WERE FROM DIVERSE BACKGROUNDS. THE PROGRAM IS TO BECOME A SIGNIFICANT ELEMENT OF AN INTENSIFIED AND COMPREHENSIVE APPROACH TO RETAINING AND ATTRACTING MORE TALENT TO THE REGION BY ENGAGING THEM WITH EMPLOYERS, ARTS AND RECREATION OPPORTUNITIES AND OTHER KEY STAKEHOLDERS THROUGH A NEW REGIONAL TALENT COLLABORATIVE CONVENED BY THE ALLEGHENY CONFERENCE FOR LAUNCH IN 2023.*PITTSBURGH PASSPORT IS A PROGRAM OF THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT AND NOT AFFILIATED WITH PASSPORT TO PITTSBURGH, LLC. 3940415 2928320 735394 WE WORKED TO UNLOCK THE REGION'S POTENTIAL BY IMPROVING COMPETITIVENESS, REMOVING POLICY BARRIERS AND SECURING TRANSFORMATIVE PUBLIC SECTOR INVESTMENT.WE IMPROVED BUSINESS COMPETITIVENESS BY REMOVING BARRIERS AND CREATING A MORE BUSINESS FRIENDLY CLIMATE.(CONTINUED ON SCHEDULE O)WE SUCCESSFULLY ADVOCATED FOR THE PHASE DOWN OF THE CORPORATE NET INCOME (CNI) TAX, RESULTING FROM PASSAGE OF ACT 53 OF 2022. THE MEASURE REDUCED PENNSYLVANIA'S 9.99% CNI TAX IMMEDIATELY TO 8.9% AND WILL CONTINUE TO LOWER THE RATE OVER TIME UNTIL IT IS CUT IN HALF TO 4.9%, REMOVING A FLASHING RED LIGHT DISCOURAGING BUSINESS INVESTMENT. WE CONTINUE TO ADVOCATE FOR A MORE RAPID PHASE DOWN AND A HIGHER NET OPERATING LOSS CARRYFORWARD LIMIT MORE COMPETITIVE WITH OTHER STATES.WE SUCCESSFULLY ADVOCATED FOR AND HELPED TO SECURE IMPROVEMENTS IN THE PERMITTING PROCESS AT THE STATE LEVEL, SUPPORTING THE SHAPIRO ADMINISTRATION'S EXECUTIVE ORDER TO INCREASE EFFICIENCY IN PENNSYLVANIA'S PERMITTING, LICENSING AND CERTIFICATIONS, AND WE ADVOCATED ON BEHALF OF SIMILAR IMPROVEMENTS AT THE COUNTY AND CITY LEVEL.WE PARTNERED WITH THE CHAMBER OF COMMERCE OF GREATER PHILADELPHIA TO ADVOCATE ON BEHALF OF A STATEWIDE ECONOMIC DEVELOPMENT STRATEGY COUPLED WITH MORE ROBUST AND FASTER, FLEXIBLE STATEWIDE FUNDING TO SUPPORT AND GROW PENNSYLVANIA'S EXISTING ASSETS TO COMPETE WITH OTHER STATES BETTER.WE SUCCESSFULLY ADVOCATED FOR AND HELPED TO SECURE MORE THAN $1 BILLION FROM THE INFRASTRUCTURE INVESTMENT AND JOBS ACT.WE ORGANIZED A UNIFIED REGIONAL APPROACH, ONE REGION. ONE VOICE., TO SECURE PASSAGE OF THE $1.2 TRILLION INFRASTRUCTURE INVESTMENT AND JOBS ACT AND HELPED SECURE MORE THAN $1 BILLION IN FEDERAL AND STATE INFRASTRUCTURE INVESTMENT FOR REGIONAL PROJECTS, INCLUDING BUT NOT LIMITED TO: $857 MILLION, MONTGOMERY LOCKS AND DAM. $77 MILLION, EMSWORTH LOCK AND DAM. $11.3 MILLION, HILL DISTRICT CENTER AVENUE RECONSTRUCTION. $565,000, EAST BUSWAY EXPANSION PLANNING GRANT. $142.3 MILLION, U.S. DEPARTMENT OF TRANSPORTATION GRANT FOR THE EASTERN PITTSBURGH MULTIMODAL CORRIDOR PROJECT.WE BUILT OUT KEY CLUSTERS TO GROW THE ECONOMY, CREATE JOBS AND DRIVE REGIONAL COMPETITIVENESS:AUTONOMY/ROBOTICS:IN 2023, UNDER THE SOUTHWESTERN PENNSYLVANIA NEW ECONOMY COLLABORATIVE, WE EFFECTIVELY ADVANCED THE IMPLEMENTATION OF A $62.7 MILLION FEDERAL BUILD BACK BETTER REGIONAL CHALLENGE GRANT, SECURED IN LATE 2022. THIS GRANT AIMS TO ESTABLISH A ROBOTICS AND AUTONOMY CLUSTER SPANNING 11 COUNTIES. OUR PROGRAM FOCUSES ON THREE KEY AREAS: ACCELERATING AUTONOMOUS TECHNOLOGY ADOPTION, UPSKILLING THE REGIONAL WORKFORCE FOR EMERGING JOBS AND FOSTERING THE COMMERCIALIZATION OF INNOVATIVE AUTONOMOUS TECHNOLOGIES. KEY ACHIEVEMENTS IN 2023 INCLUDE:SMALL AND MEDIUM ENTERPRISES (SME) ROBOTICS ADOPTION, LED BY CATALYST CONNECTION: SUCCESSFULLY CONDUCTED OVER 100 ASSESSMENTS FOR SMALL AND MEDIUM-SIZED BUSINESSES TO EXPEDITE TECHNOLOGY ADOPTION, LEADING A SIGNIFICANT NUMBER TO PROJECT AND FINANCIAL ASSISTANCE STAGES.ROBOTICS MANUFACTURING HUB, LED BY THE ADVANCED ROBOTICS FOR MANUFACTURING INSTITUTE: FULLY OPERATIONALIZED DE-RISKING CELLS AT ITS MILL 19 SITE, INITIATING COLLABORATIONS WITH SMALL AND MEDIUM-SIZED MANUFACTURERS. ADDITIONALLY, ITS INNOVATION ACCELERATOR SITES ARE NOW ACTIVE IN ALLEGHENY, ARMSTRONG, INDIANA AND WESTMORELAND COUNTIES.EXPANDED PATHWAYS TO NEW ECONOMY CAREERS, LED BY SOUTHWESTERN PENNSYLVANIA COMMISSION: ACTIVELY ENROLLED STUDENTS, PREPARING THEM FOR NEW CAREER OPPORTUNITIES IN THE SECTOR THROUGH WORKFORCE-LED INITIATIVES WITH MORE THAN 20 REGIONAL PARTNERS. PITTSBURGH ROBOTIC NETWORK'S DISCOVERY DAY ENGAGED OVER 3,000 PARTICIPANTS, ENHANCING AWARENESS ABOUT LOCAL ECOSYSTEM AND CAREER OPPORTUNITIES.THE ROBOTICS FACTORY, LED BY INNOVATION WORKS: LAUNCHED SUCCESSFULLY. THE INAUGURAL AVIATION & ROBOTICS SUMMIT WAS ATTENDED BY APPROXIMATELY 300 GUESTS, INCLUDING PENNSYLVANIA GOVERNOR JOSH SHAPIRO. THE EVENT FACILITATED PARTNERSHIPS BETWEEN MAJOR GLOBAL AIRLINES AND LOCAL ROBOTICS FIRMS. THE ACCELERATE PROGRAM PROVIDED EXTENSIVE SUPPORT TO SIX STARTUPS, INCLUDING CUSTOMIZED MENTORSHIP, SKILL-BUILDING WORKSHOPS AND NETWORKING OPPORTUNITIES. EXPANDED PATHWAYS TO ENTREPRENEURSHIP, LED BY INNOVATEPGH: LAUNCHED TRAINING AND MARKET ACCESS FOR ENTREPRENEURS (TMACE) TO CREATE A SUPPLIER DIRECTORY FOR ROBOTICS, AUTOMATION AND AI INDUSTRIES. THE PEER FELLOWSHIP COMMENCED WITH FIVE FELLOWS, ENHANCING THEIR INTEGRATION INTO THE LOCAL ECOSYSTEM AND SETTING A FOUNDATION FOR FUTURE GROWTH.ENERGY:OUR ENERGY TASK FORCE DEVELOPED AND RELEASED "OUR REGION'S ENERGY FUTURE: A STRATEGY FOR ACCELERATING DECARBONIZATION, INVESTMENT AND INCLUSIVE GROWTH IN THE PITTSBURGH REGION" IN 2022. OVER THE PAST TWO YEARS, WE'VE PARTNERED ACROSS SECTORS TO SUPPORT TRANSFORMATIONAL DEVELOPMENTS ACROSS THE SIX PILLARS OF THE INTEGRATED STRATEGY.STAKEHOLDER EDUCATION AND SUPPORT, INCLUDING THE LAUNCH OF THE SOUTHWESTERN PENNSYLVANIA (SWPA) DECARBONIZATION FORUM AND TWO SPECIAL ENERGY TASK FORCES, SUPPORTING FIRST MOVERS, ENCOURAGING COMPETITIVE STATUTES, POLICIES AND RELATIONS AT LOCAL, STATE AND FEDERAL LEVELS AND SEEKING GOVERNMENT INVESTMENT.RAISING THE PROFILE OF OUR REGION FOR ENERGY INVESTMENT, IN 2022, WE CO-HOSTED THE GLOBAL CLEAN ENERGY ACTION FORUM WITH CARNEGIE MELLON UNIVERSITY, WHICH BROUGHT MORE THAN 6,000 VISITORS FROM 32 COUNTRIES TO PITTSBURGH FOR A GLOBAL CONVERSATION ABOUT THE FUTURE OF ENERGY. THE EFFORT YIELDED NEARLY 100 PIECES OF MEDIA COVERAGE REFERENCING PITTSBURGH AS THE HOST CITY. 79995 11760 5223 79995 11760 5223 9641610 1 1 0 1 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 0 1 29 0 1 70 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 51 50 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X WILLIAM D MCKAIN 4122814783 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 STEFANI PASHMAN CHIEF EXECUTIVE OFFICER 32.00 8.00 X X 626758 0 37553 LAURA KARET CHAIR 1.00 0.00 X X 0 0 0 DAVID L HOLMBERG VICE CHAIR 1.00 0.00 X X 0 0 0 LEROY M BALL JR TREASURER 1.00 0.00 X X 0 0 0 KEVIN WALKER SECRETARY 1.00 0.00 X X 0 0 0 WILLIAM S DEMCHAK IMMEDIATE PAST CHAIR 1.00 2.00 X X 0 0 0 WILL ALLEN AT LARGE MEMBER 0.50 0.00 X 0 0 0 WALTER R BASHAW II AT LARGE MEMBER 0.50 0.00 X 0 0 0 ERIC BOUGHNER AT LARGE MEMBER 0.50 0.00 X 0 0 0 JEFF BROADHURST AT LARGE MEMBER 0.50 0.00 X 0 0 0 QUINTIN B BULLOCK DDS AT LARGE MEMBER 0.50 0.00 X 0 0 0 HELEN HANNA CASEY AT LARGE MEMBER 0.50 0.00 X 0 0 0 LESLIE C DAVIS AT LARGE MEMBER 0.50 0.00 X 0 0 0 CHRIS DECARDY AT LARGE MEMBER (ENTER 08/23) 0.50 0.00 X 0 0 0 VINCENT J DELIE JR AT LARGE MEMBER 0.50 0.00 X 0 0 0 THOMAS DELUCA AT LARGE MEMBER (ENTER 08/23) 0.50 0.00 X 0 0 0 J CHRISTOPHER DONAHUE AT LARGE MEMBER 0.50 0.00 X 0 0 0 JOHN J ENGEL AT LARGE MEMBER 0.50 0.00 X 0 0 0 KAREN WOLK FEINSTEIN AT LARGE MEMBER 0.50 0.00 X 0 0 0 DANIEL K FITZPATRICK AT LARGE MEMBER 0.50 0.00 X 0 0 0 PATRICK FRAGMAN AT LARGE MEMBER (ENTER 01/23) 0.50 0.00 X 0 0 0 CHRISTOPHER FRANKLIN AT LARGE MEMBER (EXIT 02/23) 0.50 0.00 X 0 0 0 JOAN T A GABEL AT LARGE MEMBER (ENTER 08/23) 0.50 0.00 X 0 0 0 PATRICK D GALLAGHER AT LARGE MEMBER (EXIT 08/23) 0.50 0.00 X 0 0 0 JENNIFER GIOVANNITTI AT LARGE MEMBER (ENTER 01/23) 0.50 0.00 X 0 0 0 KENNETH G GORMLEY AT LARGE MEMBER 0.50 0.00 X 0 0 0 CHARLES L HAMMEL III AT LARGE MEMBER 0.50 0.00 X 0 0 0 KAREN HANLON AT LARGE MEMBER 0.50 0.00 X 0 0 0 JASON E HAZLEWOOD AT LARGE MEMBER (EXIT 05/23) 0.50 0.00 X 0 0 0 SAMIR HIFRI AT LARGE MEMBER (ENTER 08/23) 0.50 0.00 X 0 0 0 DIANE P HOLDER AT LARGE MEMBER 0.50 0.00 X 0 0 0 MICHAEL HUWAR AT LARGE MEMBER (ENTER 05/23) 0.50 0.00 X 0 0 0 FARNAM JAHANIAN AT LARGE MEMBER 0.50 0.00 X 0 0 0 HAAKAN JONSSON AT LARGE MEMBER (EXIT 07/23) 0.50 0.00 X 0 0 0 JOHN F KASEL AT LARGE MEMBER (ENTER 01/23) 0.50 0.00 X 0 0 0 REBEKAH BYERS KCEHOWSKI AT LARGE MEMBER 0.50 0.00 X 0 0 0 RONALD C KEATING AT LARGE MEMBER 0.50 0.00 X 0 0 0 MARK R KEMPIC AT LARGE MEMBER 0.50 0.00 X 0 0 0 TIMOTHY M KNAVISH AT LARGE MEMBER (ENTER 05/23) 0.50 0.00 X 0 0 0 DAVID J MALONE AT LARGE MEMBER 0.50 0.00 X 0 0 0 CHRISTOPHER MARTIN AT LARGE MEMBER 0.50 0.00 X 0 0 0 MICHAEL H MCGARRY AY LARGE MEMBER (EXIT 04/23) 0.50 0.00 X 0 0 0 JAMES MCQUADE AT LARGE MEMBER 0.50 0.00 X 0 0 0 HILARY MERCER AT LARGE MEMBER (EXIT 12/23) 0.50 0.00 X 0 0 0 TAKANOBU MIYAKI AT LARGE MEMBER (01/23 THRU 11/23) 0.50 0.00 X 0 0 0 SAM REIMAN AT LARGE MEMBER 0.50 0.00 X 0 0 0 DAVID K ROGER AT LARGE MEMBER 0.50 0.00 X 0 0 0 CHRISTOPHER ROSSI AT LARGE MEMBER 0.50 0.00 X 0 0 0 CASEY RYAN AT LARGE MEMBER (ENTER 05/23) 0.50 0.00 X 0 0 0 BRYAN SALESKY AT LARGE MEMBER 0.50 0.00 X 0 0 0 RAFAEL OTTONI SANTANA AT LARGE MEMBER 0.50 0.00 X 0 0 0 STEVE R SCHOTT AT LARGE MEMBER 0.50 0.00 X 0 0 0 LISA M SCHROEDER AT LARGE MEMBER 0.50 0.00 X 0 0 0 JAMES SEGERDAHL AT LARGE MEMBER 0.50 0.00 X 0 0 0 WILLIAM E STRICKLAND JR AT LARGE MEMBER 0.50 0.00 X 0 0 0 JAMIE S TUITE AT LARGE MEMBER 0.50 0.00 X 0 0 0 NISHAN J VARTANIAN AT LARGE MEMBER 0.50 0.00 X 0 0 0 ROBERT S WETHERBEE AT LARGE MEMBER (EXIT 08/23) 0.50 0.00 X 0 0 0 LISA WITTE AT LARGE MEMBER (ENTER 01/23) 0.50 0.00 X 0 0 0 JANEL SKELLEY CHIEF FINANCIAL OFFICER 29.00 15.00 X 249242 0 31440 MATT SMITH CHEIF GROWTH OFFICER 15.00 30.00 X 414268 0 12146 WILLIAM MCKAIN CHIEF OPERATING OFFICER 40.00 0.00 X 215193 0 9138 VERA KREKANOVA CHIEF STRATEGY OFFICER 31.00 7.00 X 208586 0 22912 CECELIA CAGNI CHIEF MARKTG & COMM OFFICER 28.00 19.00 X 197890 0 26054 MAJESTIC LANE CHIEF EQUITY OFFICER 3.00 35.00 X 154830 0 16613 PATRICIA HORVATICH VICE PRESIDENT 4.00 57.00 X 157886 0 33527 KAREN ADKINS VICE PRESIDENT 41.00 0.00 X 137619 0 19971 2362272 0 209354 20 0 1 0 CEEVA 643 FIRST AVENUE PITTSBURGH PA 15219 CONSULTING SERVICES 157872 1 591095 8964620 9555715 SHARED SERVICES REIMB 900099 2135454 2135454 RELATED ORG SERVICE FEE 900099 150000 150000 PROGRAM INVESTMENT REVENUE 900099 136462 136462 ECONOMIC IMPACT STUDIES 900099 43000 43000 ANCILLARY REVENUE 900099 538 538 2465454 156719 156719 10000 10000 12187888 2465454 0 166719 5362441 5362441 1624858 639553 964125 21180 5228894 3479707 1521473 227714 253265 161050 82105 10110 457832 285660 154913 17259 483271 296381 169764 17126 52545 15237 37308 173767 51995 121772 932064 648463 279601 4000 106970 42927 60907 3136 107710 32897 73101 1712 240270 72389 167881 720506 215590 504916 73655 36873 32697 4085 555154 323610 81727 149817 101507 30373 71134 80606 24119 56487 RESEARCH & DEVELOPMENT 221586 66311 155275 DUES AND MEMBERSHIPS 34253 10249 23904 100 SHARED EXPENSES -4350295 -2185942 -2139312 -25041 94245 31727 62518 12555104 9641610 2482296 431198 713700 3010424 4819149 4216616 6182233 4217129 1881361 2303798 192637 95862 1149288 936989 180639 212299 3003 3003 6305540 6617055 1911264 1507348 22189526 22183534 4053131 4414355 4053131 4414355 X 2697773 2567321 15438622 15201858 18136395 17769179 22189526 22183534 -367216 0 X X 0 1 X 1 0 X 7185106 5149085 13034153 10301002 9555715 45225061 7185106 5149085 13034153 10301002 9555715 45225061 9812585 35412476 70905 46494 17179 30127 166719 331424 45556485 11700534 0.77730 0.80680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X 0 0 0 0 12555104 17102487 12555104 17102487 777755 1000000 194439 250000 0 0 0 0 802162 686668 956919 1000000 3445749 5168624 1239 798 364 0 2401 200541 171667 239230 250000 861438 1292157 797178 651799 145379 336810 269890 66920 15300 15300 0 212299 INVESTMENT IN SIF, LP 439476 C INVESTMENT IN SIF, INC. 4402948 C INVESTMENT IN P32, LP 1676847 C INVESTMENT IN P32, LLC 97784 C 6617055 RIGHT OF USE ASSETS 1507348 1507348 X 6601736 18370 18370 6583366 5604522 5604522 12187888 6968952 18370 18370 6950582 5604522 5604522 12555104 PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE ACCOUNTING STANDARDS CODIFICATION (CODIFICATION), WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE CONFERENCE AND AFFILIATES' COMBINED STATEMENTS OF FINANCIAL POSITION AT DECEMBER 31, 2023 AND 2022 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE CONFERENCE AND AFFILIATES HAVE NO UNRECOGNIZED TAX BENEFITS. THE CONFERENCE AND AFFILIATES ARE NO LONGER SUBJECT TO EXAMINATION OF THEIR TAX RETURNS FOR YEARS BEFORE 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: REIMBURSEMENT OF SHARED SERVICES BY AFFILIATES 2,135,454. GRANT EXPENSE 3,469,068. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE 3,469,068. REIMBURSEMENT OF SHARED SERVICES BY AFFILIATES 2,135,454. 1 PA ECONOMY LEAGUE OF GREATER PITTSBURGH 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 231352264 501(C)(3) 18000 0 N/A N/A PROJECT SUPPORT PITTSBURGH REGIONAL ALLIANCE 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 251780438 501(C)(3) 870000 0 N/A N/A PROJECT SUPPORT PA ECONOMY LEAGUE OF GREATER PITTSBURGH 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 231352264 501(C)(3) 1427773 0 N/A N/A OPERATING SUPPORT PITTSBURGH REGIONAL ALLIANCE 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 251780438 501(C)(3) 1997668 0 N/A N/A OPERATING SUPPORT LEADERSHIP PITTSBURGH 650 SMITHFIEL STREET SUITE 1110 PITTSBURGH PA 15222 251767779 501(C)(3) 45000 0 N/A N/A PROGRAM SUPPORT SWPA NEW ECONOMY COLLABORATIVE 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 872852488 1000000 0 N/A N/A PROGRAM SUPPORT 4 1 PART I, LINE 2: THE ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT (ACCD), ALONG WITH ITS AFFILIATED ORGANIZATIONS: PITTSBURGH REGIONAL ALLIANCE, PENNSYLVANIA ECONOMY LEAGUE OF GREATER PITTSBURGH AND THE GREATER PITTSBURGH CHAMBER OF COMMERCE SHARE A COMMON AGENDA AND STRATEGIC PLAN. WORKING TO STIMULATE ECONOMIC GROWTHER AND IMPROVE THE QUALITY OF LIFE IN SOUTHWESTERN PENNSYLAVIA, ACCD ACTS AS THE FUNDING ARM OF THE AFFILIATIONS THROUGH ITS ANNUAL CAMPAIGN. THE AFFILIATED ORGANIZATIONS REPORT TO THE ACCD BOARD OF DIRECTORS IN THEIR PROGRESS AND USES OF FUNDING. OCCASIONALLY, THE ACCD BOARD APPROVES GRANTS TO ORGANIZATIONS OR AGENCIES THAT SUPPORT THE MISSION OF ACCD TO STIMULATE ECONOMIC GROWTH AND IMPROVE THE QUALITY OF LIFE IN SOUTHWESTERN PENNSYLVANIA. ACCD MONIOTRS THE USE OF THESE FUNDS TO ENSURE THEY ARE USED FOR THEIR INTENDED PURPOSE. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 STEFANI PASHMAN CHIEF EXECUTIVE OFFICER 495801 0 129543 0 1414 0 20695 0 16858 0 664311 0 0 0 MATT SMITH CHEIF GROWTH OFFICER 343896 0 68958 0 1414 0 7904 0 4242 0 426414 0 0 0 JANEL SKELLEY CHIEF FINANCIAL OFFICER 212169 0 35659 0 1414 0 12679 0 18761 0 280682 0 0 0 VERA KREKANOVA CHIEF STRATEGY OFFICER 174377 0 33245 0 964 0 8971 0 13941 0 231498 0 0 0 WILLIAM MCKAIN CHIEF OPERATING OFFICER 211975 0 0 0 3218 0 2844 0 6294 0 224331 0 0 0 CECELIA CAGNI CHIEF MARKTG & COMM OFFICER 165833 0 30655 0 1402 0 12024 0 14030 0 223944 0 0 0 PATRICIA HORVATICH VICE PRESIDENT 146627 0 4000 0 7259 0 9462 0 24065 0 191413 0 0 0 MAJESTIC LANE CHIEF EQUITY OFFICER 133899 0 20250 0 681 0 1429 0 15184 0 171443 0 0 0 KAREN ADKINS VICE PRESIDENT 130159 0 4000 0 3460 0 8234 0 11737 0 157590 0 0 0 PART I, LINE 1A ACCD CURRENTLY PAYS FOR THE QUARTERLY DUES OF THE CEO, CHIEF GROWTH OFFICER AND THE CHEIF EQUITY OFFICER WHO BELONG TO A BUSINESS CLUB. THE BUSINESS CLUB HAS BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING TREMENDOUS IMPACT ON THE CITY, REGION, COUNTRY, AND EVEN THE WORLD. A VAST MAJORITY OF THE BOARD MEMBERS ARE MEMBERS OF THIS BUSINESS CLUB AND ARE CONSIDERED LEADERS OF THE BUSINESS COMMUNITY. THE PRIMARY PURPOSE OF HAVING THIS MEMBERSHIP IS TO CONDUCT BOARD MEETINGS AND OTHER BUSINESS MEETINGS, SPECIFICALLY TO ADVANCE THE AGENDA OF ACCD. THE INITIATION FEES TO BELONG TO THIS BUSINESS CLUB WERE PAID BY ACCD AS ARE THE QUARTERLY DUES. IF A BUSINESS PURPOSE IS NOT SUBSTANTIATED BY THE EMPLOYEE UPON RECEIPT OF THE INVOICE, THE EMPLOYEE WILL PAY THE PERSONAL PORTION DIRECTLY TO THE BUSINESS CLUB OR WILL SUBMIT A PERSONAL CHECK TO ACCD. ALL EXPENSES ARE REVIEWED BY THE ACCOUNTING GROUP PRIOR TO PAYMENT. ONLY THE CEO AND SELECT SENIOR LEADERSHIP ARE ELIGIBLE FOR BUSINESS MEMBERSHIPS. PART I, LINE 7 THE INCENTIVE PROGRAM IS A COMPLEMENTARY COMPONENT OF THE ORGANIZATION'S ANNUAL PERFORMANCE MANAGEMENT PROGRAM WHERE PAYOUTS ARE BASED ON THE WEIGHTED RESULTS OF THE EMPLOYEE'S ANNUAL PERFORMANCE ON THE THREE KEY PERFORMANCE ELEMENTS (10% - ORGANIZATIONAL BEHAVIORS , 20% - EMPLOYEE COMPETENCIES, AND 70% GOALS). THE NUMBERS ARE MAPPED AGAINST AN APPROVED INCENTIVE AWARD RANGE MATRIX WHICH PROVIDES PAYOUT RANGES. THE INCENTIVE PAYOUT IS THEN TAKEN TO THE INDEPENDENT PERSONNEL AND COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE FOR APPROVAL. SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR 432737 PROVIDES HEALTH INSURANCE PRODUCTS PROVIDED TO THE CONFERENCE FOR ITS EMPLOYEES AT FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION A, LINE 1A IN ADDITION TO ITS GENERAL AUTHORITY, THE EXECUTIVE COMMITTEE SHALL HAVE THE FOLLOWING SPECIFIC RESPONSIBILITIES: (A)TO DEVELOP RECOMMENDATIONS TO THE BOARD OF DIRECTORS CONCERNING THE CORPORATION'S PRIORITIES, OBJECTIVES, POLICY POSITIONS AND BUDGET; (B)TO REVIEW AND RECOMMEND TO THE BOARD OF DIRECTORS OF THE CORPORATION AND OF ITS AFFILIATED ORGANIZATIONS FOR APPROVAL THE ANNUAL BUDGET FOR SUCH ENTITIES AND TO MONITOR THE PERFORMANCE OF SUCH ENTITIES AND THE MANAGEMENT OF THEIR RESOURCES, INCLUDING ESTABLISHING THEIR INVESTMENT POLICIES; (C)TO RECOMMEND TO THE BOARD OF DIRECTORS OF THE CORPORATION AND OF ITS AFFILIATED ORGANIZATIONS APPROPRIATE ALLOCATIONS OF CONTRIBUTIONS TO THE CORPORATION FOR THE SUPPORT OF THE THREE RIVERS: ONE FUTURE REGIONAL GROWTH INITIATIVE AND SUCH ADJUSTMENTS THERETO THROUGHOUT THE CORPORATION'S FISCAL YEAR AS THE COMMITTEE DEEMS APPROPRIATE; (D)TO RECOMMEND TO THE BOARD OF DIRECTORS OF THE CORPORATION SUCH CHANGES TO THE "STRATEGY FOR CORPORATE PLEDGES" AS IT DEEMS APPROPRIATE; (E)TO RECOMMEND A SLATE OF NOMINEES FOR ELECTION AS DIRECTORS AND OFFICERS OF THE CORPORATION AT THE ANNUAL MEETING; (F)TO RECOMMEND A SLATE OF NOMINEES FOR ELECTION AS AT-LARGE EXECUTIVE COMMITTEE MEMBERS; (G)TO NOMINATE A CANDIDATE FOR ANY VACANCY ON THE BOARD OF DIRECTORS OR IN ANY OFFICE OF THE CORPORATION FOR CONSIDERATION BY THE BOARD OF DIRECTORS; (H)TO APPOINT THE CORPORATION'S REPRESENTATIVES ON THE AUDIT & FINANCE AND PERSONNEL & COMPENSATION COMMITTEES; (I)TO APPOINT THE PRIVATE SECTOR DIRECTORS AND THE CHAIR OF THE BOARD OF DIRECTORS OF THE PRA AS PROVIDED FOR IN THE BYLAWS OF THE PRA; (J)TO APPOINT THE MANAGERIAL ENTITY DIRECTORS AND THE CHAIR OF THE PELGP AS PROVIDED FOR IN THE OPERATING AGREEMENT OF THE PELGP; (K)TO APPOINT THE CLASS B DIRECTORS AND THE CHAIR OF THE CHAMBER AS PROVIDED FOR IN THE BYLAWS OF THE CHAMBER; (L)TO SELECT AND DETERMINE THE COMPENSATION OF THE CEO; AND (M)TO EXERCISE THE RESERVED POWERS OF THE CORPORATION OVER ITS AFFILIATES THE PRA, THE PELGP AND THE CHAMBER AS PROVIDED IN THE RESPECTIVE BYLAWS AND OPERATING AGREEMENT OF THOSE ENTITIES, INCLUDING THE EXCLUSIVE AUTHORITY TO APPROVE AMENDMENTS TO SUCH BYLAWS AND APPOINT THE CEO OF EACH AFFILIATE. FORM 990, PART VI, SECTION A, LINE 2 THE CONFERENCE'S BOARD IS COMPOSED OF THE CHIEF EXECUTIVE OFFICERS OF THE REGION'S MOST SIGNIFICANT EMPLOYERS AND UNIVERSITIES DEDICATED TO IMPROVING THE ECONOMY AND QUALITY OF LIFE IN THE PITTSBURGH REGION. GIVEN THE COMPOSITION OF THE BOARD AND ITS DESIRE TO CREATE A COMPETITIVE BUSINESS CLIMATE AND MARKET THE REGION FOR INVESTMENT AND JOB CREATION, IT IS NOT UNUSUAL THAT A SIGNIFICANT NUMBER OF INDIVIDUALS SERVING AS A BOARD MEMBER ON THE CONFERENCE MAY ALSO SERVE TOGETHER ON OTHER RELATED OR UNRELATED BOARDS. THE CONFERENCE PLACES RELIANCE ON THE BOARD MEMBERS' RESPONSES TO THE ANNUAL QUESTIONNAIRE IN IDENTIFYING SUCH BUSINESS RELATIONSHIPS. BUSINESS RELATIONSHIP: MS. FEINSTEIN AND MS. KARET BUSINESS RELATIONSHIP: MR. ALLEN, MS. GIOVANNITTI, MR. MCQUADE AND MS. RYAN BUSINESS RELATIONSHIP: MR. BALL, MR. DELUCA BUSINESS RELATIONSHIP: MR. ALLEN AND MR. MALONE BUSINESS RELATIONSHIP: MR. JAHANIAN AND MR. REIMAN BUSINESS RELATIONSHIP: MR. MARTIN AND MR. REIMAN BUSINESS RELATIONSHIP: MR. JAHANIAN AND MS. GABEL BUSINESS RELATIONSHIP: MR. BALL, MR. GORMELY AND MR. MCQUADE BUSINESS RELATIONSHIP: MR. DELIE AND MR. MALONE BUSINESS RELATIONSHIP: MS. PASHMAN, MS. SKELLEY AND MR. SMITH BUSINESS RELATIONSHIP: MR. FITZPATRICK, MR. GORMLEY, MS. PASHMAN AND MR. VARTANIAN BUSINESS RELATIONSHIP: MR. ALLEN, MR. BULLOCK, MS. FEINSTEIN, MS. HANLON, MR. HOLMBERG AND MR. JAHANIAN BUSINESS RELATIONSHIP: MR. DONOHUE AND MR. MALONE BUSINESS RELATIONSHIP: MR. KNAVISH AND MR. ROSSI BUSINESS RELATIONSHIP: MR. BULLOCK, MS. GIOVANNITTI AND MR. MALONE BUSINESS RELATIONSHIP: MR. CASEY, MR. DECARDY, MR. DEMCHAK, MR. HOLMBERG, MR. JAHANIAN, MR. REIMAN AND MR. SANTANA BUSINESS RELATIONSHIP: MR. BULLOCK AND MS. KCEHOWSKI BUSINESS RELATIONSHIP: MS. GIOVANNITTI AND MS. SKELLEY BUSINESS RELATIONSHIP: MR. BULLOCK AND MR. GORMLEY BUSINESS RELATIONSHIP: MR. MALONE AND MR. SCHOTT BUSINESS RELATIONSHIP: MR. JAHANIAN, MS. PASHMAN AND MS. SKELLEY BUSINESS RELATIONSHIP: MR. DEMCHAK AND MR. KNAVISH BUSINESS RELATIONSHIP: MR. DEMCHAK, MR. DONOHUE AND MS. KCEHOWSKI BUSINESS RELATIONSHIP: MR. ALLEN, MS. KARET, MS. SCHROEDER AND MR. SRTICKLAND BUSINESS RELATIONSHIP: MR. DEMCHAK AND MR. SALESKY BUSINESS RELATIONSHIP: MS. HOLDER, MS. KCEHOWSKI, MR. MALONE, MR. MCQUADE AND MS. RYAN BUSINESS RELATIONSHIP: MS. FEINSTEIN, MS. GABEL, MS. GIOVANNITTI, MR. HAMMEL, MS. HOLDER, MR. SALESKY AND MR. STRICKLAND BUSINESS RELATIONSHIP: MS. DAVIS, MS. FEINSTEIN AND MR. REIMAN FORM 990, PART VI, SECTION B, LINE 11B APPROXIMATELY ONE WEEK PRIOR TO FILING, THE GOVERNING BODY AND THE ORGANIZATION'S MANAGEMENT TEAM IS GRANTED ACCESS TO A SECURE LINK TO THE ORGANIZATION'S FTP SITE TO VIEW THE FINAL FORM 990. DURING THIS TIME, THE ORGANIZATION'S BOARD MEMBERS CAN VOLUNTEER ANY OBSERVATIONS & COMMENTS ON THE RETURN BUT ARE NOT REQUIRED TO REVIEW OR FORMALLY APPROVE THE FORM 990 BEFORE OR AFTER IT IS FILED AS PART OF ITS BOARD ACTIVITIES. THE ORGANIZATION'S FINANCE GROUP FUNCTIONS IN TANDEM WITH THE MANAGEMENT TEAM DURING THE PREPARATION OF THE RETURN. THE AUDIT AND FINANCE COMMITTEE CHAIR AS PART OF HIS/HER RESPONSIBILITIES WILL BE GIVEN COPIES OF THE DRAFT RETURNS FOR REVIEW OR DELEGATE A MEMBER OF THE AUDIT AND FINANCE COMMITTEE TO REVIEW. THE CHIEF EXECUTIVE OFFICER WILL MEET WITH THE CFO PRIOR TO THE CFO SIGNING THE FINAL RETURN AND WILL HAVE THE OPPORTUNITY TO REVIEW AND ASK QUESTIONS AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH OFFICER, DIRECTOR AND KEY EMPLOYEE (O,D,KE) OF THE ORGANIZATION MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND AFFIRM THAT HE/SHE HAS READ, UNDERSTOOD AND HAS COMPLIED WITH THE POLICY. ALL RESPONSES TO THE DISCLOSURE STATEMENT ARE SUMMARIZED BY THE ACCOUNTING DEPARTMENT. THE CHIEF EXECUTIVE OFFICER OR HIS/HER DESIGNEE IS RESPONSIBLE FOR REVIEWING THE SUMMARY OF DISCLOSURE STATEMENTS SO THAT HE/SHE IS FAMILIAR WITH AND CAN REPORT POTENTIAL CONFLICTS TO THE BOARD. IN ADDITION, EACH INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST OR OTHER INTEREST (AND ALL MATERIAL FACTS REGARDING SUCH INTEREST) AT THE TIME THE BOARD IS CONSIDERING A TRANSACTION THAT MAY INVOLVE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT. IF DETERMINED A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON WILL RECUSE HIMSELF OR HERSELF FROM VOTING. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT WILL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF. IF THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE MINUTES OF THE BOARD WILL DISCLOSE THE ACTIONS TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE ALLEGHENY CONFERENCE'S PERSONNEL AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR ASSURING THE EFFICIENT IMPLEMENTATION AND ADMINISTRATION OF CONSISTENT, COMPETITIVE, AND WELL-COMMUNICATED PERSONNEL AND COMPENSATION POLICIES. THE COMMITTEE IS COMPOSED OF SEVEN MEMBERS. EACH MEMBER IS REQUIRED TO BE INDEPENDENT AND FREE FROM ANY RELATIONSHIPS THAT MIGHT BE CONSIDERED A CONFLICT OF INTEREST. AMONG THE MANY RESPONSIBILITIES OF THE PERSONNEL & COMPENSATION COMMITTEE, A FEW ARE SPECIFIC TO THE PROCESS OF DETERMINING FAIR COMPENSATION PRACTICES OF THE ORGANIZATION: 1. REVIEW AND RECOMMEND TO THE CONFERENCE'S EXECUTIVE COMMITTEE ANY COMPENSATION CHANGES FOR THE CHIEF EXECUTIVE OFFICER, 2. OBTAIN APPROPRIATE ANALYSES AND STUDIES PREPARED BY EXTERNAL SOURCES TO AID IN EVALUATING COMPENSATION, INCENTIVE, AND BENEFIT-PLAN LEVELS, PRACTICES AND STRATEGIES TO ASSURE THEY ARE APPROPRIATE TO ATTRACT AND RETAIN QUALIFIED PERSONNEL. THE COMMITTEE IS EMPOWERED TO RETAIN A THIRD-PARTY CONSULTANT HAVING SPECIAL COMPETENCE AS NECESSARY TO ASSIST THE COMMITTEE IN FULFILLING ITS RESPONSIBILITIES. THE INDEPENDENT CONSULTANT IS TYPICALLY ENGAGED ON A BI-ANNUAL BASIS TO PROVIDE ASSURANCE THAT PAY PRACTICES ARE REASONABLE AND WITHIN THE RANGE OF TYPICAL MARKET PRACTICES. ASSURANCE CAN BE IN THE FORM OF INFORMATION OBTAINED FROM OTHER FORM 990 FILINGS OF SIMILAR ORGANIZATIONS, AS WELL AS DETAILED COMPENSATION STUDIES WHICH COMPARE JOB DESCRIPTIONS OF SIMILAR POSITIONS OF BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS. COMPENSATION CHANGES ARE TAKEN TO THE CONFERENCE'S EXECUTIVE COMMITTEE AND DISCUSSION TAKES PLACE VIA AN EXECUTIVE SESSION (INCLUDING THE CEO FOR SENIOR MANAGEMENT AND EXCLUDING CEO FOR HIS/HER OWN COMPENSATION). FINAL APPROVAL IS DOCUMENTED VIA SIGNATURE OF THE ALLEGHENY CONFERENCE CHAIR AND THE PERSONNEL & COMPENSATION COMMITTEE CHAIR. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE READILY AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES FROM PRIOR YEARS. 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