2025-11-17T10:37:08-06:00 2024-12-31 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-01-01 250965213 ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT ALLE 4122811890 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 WILLIAM D MCKAIN CHIEF FINANCIAL OFFICER 4122811890 2025-11-14 1 0 SARAH R PIOT P00341397 4122613644 2024 2025-03-06 01:10:19Z STEFANI PASHMAN 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 26163616 0 X WWW.ALLEGHENYCONFERENCE.ORG X 1944 PA TO STIMULATE ECONOMIC GROWTH AND IMPROVE THE QUALITY OF LIFE THROUGHOUT SOUTHWESTERN PENNSYLVANIA. 56 55 69 51 0 0 9555715 23170146 2465454 2762021 156719 221449 10000 10000 12187888 26163616 5362441 5359598 0 0 8048120 9332781 0 0 295493 -855457 -282970 12555104 14409409 -367216 11754207 22183534 36592064 4414355 7068678 17769179 29523386 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 4626178 2389989 1197645 10-COUNTY ECONOMIC DEVELOPMENT: A STRONG ECONOMY CREATES PATHWAYS TO INDIVIDUAL PROSPERITY AND PROVIDES THE TAX BASE NEEDED TO SUPPORT ROBUST TRANSPORTATION, QUALITY EDUCATION, AFFORDABLE HOUSING, AND CULTURAL AND INFRASTRUCTURE INVESTMENTS. THE ALLEGHENY CONFERENCE DRIVES THESE OUTCOMES BY WORKING DIRECTLY WITH COMPANIES AND OTHER KEY STAKEHOLDERS TO ATTRACT, EXPAND, AND RETAIN BUSINESSES IN THE PITTSBURGH REGION. IN 2024, WE DROVE $361 MILLION IN CAPEX. IN 2024, WE DROVE $361 MILLION IN CAPEX. SEE SCHEDULE O FOR A SAMPLE OF THE 2024 HIGH-IMPACT PROJECTS THAT REPRESENT THIS GROWTH.- MAINSPRING ENERGY: MAINSPRING ENERGY SELECTED FINDLAY TOWNSHIP FOR ITS MANUFACTURING FACILITY, REPRESENTING $175 MILLION IN TOTAL INVESTMENT, INCLUDING $87 MILLION IN FEDERAL FUNDING. THE FACILITY WILL CREATE 600 PERMANENT JOBS AND AN ADDITIONAL 300 CONSTRUCTION JOBS. ONCE OPERATIONAL, IT WILL PRODUCE UP TO 1,000 LINEAR GENERATORS ANNUALLY, THE POWER EQUIVALENT TO MEET THE ELECTRICITY NEEDS OF UP TO A QUARTER OF A MILLION U.S. HOMES. MITSUBISHI ELECTRIC POWER PRODUCTS, INC.: MEPPI ANNOUNCED A $93 MILLION INVESTMENT TO EXPAND AND BUILD AN ADVANCED MANUFACTURING FACILITY IN THE REGION. THIS NEW FACTORY WILL CREATE 200 JOBS AND RETAIN OVER 800 POSITIONS. THE FACILITY WILL PRODUCE CUTTING-EDGE SWITCHGEARS, ENHANCING POWER RELIABILITY AND SUPPORTING THE MODERNIZATION OF THE ELECTRIC GRID WHILE REDUCING CARBON EMISSIONS. - ADVOCATING FOR PRO-GROWTH POLICIES: THE ALLEGHENY CONFERENCE SUPPORTS PRO-GROWTH LEGISLATION, PUBLIC POLICY, AND REGULATORY ACTIONS TO GROW THE ECONOMY BY IMPROVING COMPETITIVENESS, CREATING FAVORABLE BUSINESS CONDITIONS, REMOVING POLICY BARRIERS AND SECURING TRANSFORMATIVE PUBLIC SECTOR INVESTMENT. WE WORK AT ALL LEVELS OF GOVERNMENT LOCAL, STATE AND FEDERAL TO GUIDE POLICY AND ADVOCACY EFFORTS TO INCREASE ECONOMIC COMPETITIVENESS, ATTRACT AND RETAIN JOBS, AND ACCELERATE GROWTH OPPORTUNITIES REGIONWIDE.- STATE INVESTMENTS: A TOP BARRIER TO BUSINESS INVESTMENT IN SWPA HAS BEEN THE LACK OF PAD-READY SITES. THE NEW $500 MILLION PA SITES PROGRAM, CREATED AS PART OF THE 2024-25 STATE BUDGET, WILL DIRECTLY ADDRESS THIS CHALLENGE BY BRINGING MORE COMMERCIAL AND INDUSTRIAL SITES ONLINE, MAKING THE REGION MORE COMPETITIVE FOR NEW DEVELOPMENT. - TAX COMPETITIVENESS: PENNSYLVANIA IS STRENGTHENING ITS BUSINESS CLIMATE THROUGH TAX REFORMS. THE CORPORATE NET INCOME (CNI) TAX RATE IS SET TO DECLINE FROM 7.9% IN 2025 TO 4.99% BY 2031 REDUCING IT BY HALF FROM THE ORIGINAL LEVEL. THE STATE IS ALSO GRADUALLY INCREASING THE NET OPERATING LOSS (NOL) DEDUCTION LIMIT FROM 40% TO 80% BY 2029. THESE CHANGES SEND A CLEAR SIGNAL THAT PENNSYLVANIA IS OPEN FOR BUSINESS AND INVESTMENT. - PERMITTING REFORM: EFFICIENT PERMITTING IS CRITICAL FOR SUSTAINABLE GROWTH. THE STREAMLINING PERMITS FOR ECONOMIC EXPANSION AND DEVELOPMENT (SPEED) PROGRAM AND PA PERMIT FAST TRACK PROGRAM INTRODUCED KEY REFORMS, INCLUDING A SECURE PERMIT TRACKING SYSTEM, THIRD-PARTY REVIEWS FOR SELECT PERMITS, AND DEFINED REVIEW TIMELINES TO ACCELERATE PROJECT APPROVALS. 4398160 583097 287489 SPEARHEADING DOWNTOWN PITTSBURGH'S REVITALIZATION: DOWNTOWN PITTSBURGH IS PIVOTAL TO THE REGION'S ECONOMIC VITALITY. THE ALLEGHENY CONFERENCE LAUNCHED A COLLABORATIVE VISION PLAN TO REIMAGINE OUR URBAN CORE. IN COLLABORATION WITH ALLEGHENY COUNTY, THE CITY OF PITTSBURGH, AND 80+ PARTNERS, WE SPEARHEADED A COMPREHENSIVE, MARKET-DRIVEN STRATEGY FOR DOWNTOWN. GOVERNOR SHAPIRO COMMITTED $600 MILLION IN PUBLIC-PRIVATE INVESTMENT TO SUPPORT ITS IMPLEMENTATION OVER THE NEXT DECADE. - PUBLIC REALM UPGRADES: SECURED FUNDING AND ADVANCED THE DESIGN OF TWO PUBLIC SPACE PROJECTS, SETTING THE STAGE FOR CONSTRUCTION WITH BACKING FROM PUBLIC, CORPORATE, AND PHILANTHROPIC LEADERS. - HOUSING MOMENTUM: SUPPORTED THE URBAN REDEVELOPMENT AUTHORITY (URA) IN DEPLOYING DOWNTOWN CONVERSION PROGRAM FUNDS AND ADVOCATED TO STATE LEADERS TO CONTINUE REINVESTING IN THESE FUNDS, LEADING TO TWO MAJOR RESIDENTIAL CONVERSION PROJECTS BREAKING GROUND IN 2024, AND HUNDREDS OF OTHER UNITES TO COME OVER THE NEXT FEW YEARS. - POLICY: ADVOCATED FOR AND SECURED APPROVAL OF THEBY-RIGHT LERTA (LOCAL ECONOMIC REVITALIZATION TAX ABATEMENT PROGRAM),WHICH INCENTIVIZES INVESTMENT IN DOWNTOWN PROPERTIES. WITH THE COUNTY, CITY, AND SCHOOL TAXING BODIES ON BOARD, THE PROGRAM IS FULLY OPERATIONAL. 908295 849168 837962 DRIVING FEDERAL INVESTMENTS TO ADVANCE INDUSTRY CLUSTERS: FEDERAL INVESTMENTS PLAY A VITAL ROLE IN STRENGTHENING OUR REGIONAL ECONOMY, PARTICULARLY IN ADVANCING KEY INDUSTRY CLUSTERS. BY LEVERAGING FUNDING, WE ARE ACCELERATING GROWTH IN ENERGY, ADVANCED MANUFACTURING, LIFE SCIENCES, AND ROBOTICS. - GROWING OUR FEDERAL SHARE: IN RECENT YEARS, PENNSYLVANIA HAS CONSISTENTLY CAPTURED 4% OF ALL U.S. FEDERAL GRANT FUNDING. IN 2024, SWPA SURPASSED EXPECTATIONS SECURING 7% OF ALL U.S. FEDERAL FUNDINGAND BRINGING IN $2.24 BILLIONTO FUEL ECONOMIC GROWTH. - DIRECT APPLICATION SUPPORT: TWO-THIRDS OF OUR BUSINESS ATTRACTION AND EXPANSION PROJECTS LEVERAGED FEDERAL FUNDS. THE CONFERENCE PROVIDES INPUT ONTECHNICAL REQUIREMENTS, DATA ANALYSIS, AND APPLICATION PROCESSESTO HELP COMPANIES SECURE THESE DOLLARS. - INDUSTRIAL DECARBONIZATION: WE SUPPORTED PENNSYLVANIA'S SUCCESSFUL APPLICATION TO THE U.S. EPA FOR $400M IN RISE PA (REDUCING INDUSTRIAL SECTOR EMISSIONS)FUNDING, HELPING MANUFACTURERS TRANSITION TO LOWER-CARBON OPERATIONS. - NEW ECONOMY COLLABORATIVE: BACKED BY FUNDING FROM THE BUILD BACK BETTER REGIONAL CHALLENGE, THE NEW ECONOMY COLLABORATIVE OF SOUTHWESTERN PENNSYLVANIA A COALITION LED BY THE CONFERENCE AND CARNEGIE MELLON UNIVERSITY IN PARTNERSHIP WITH 90+ PARTNERS HAS SERVED OVER 1,100 BUSINESSES. THIS INITIATIVE ACCELERATED THE ADOPTION OF ROBOTICS AND AUTONOMOUS SYSTEMS FOR MANUFACTURING COMPANIES, HELPED STARTUPS SCALE AND CONNECT WITH INDUSTRY TO COMMERCIALIZE THEIR TECHNOLOGIES, AND CREATED TRAINING OPPORTUNITIES FOR WORKERS TO UPSKILL INTO ROBOTICS ADJACENT CAREERS IN THE REGION. 2001937 1537344 438925 SHAPING THE FUTURE THROUGH THOUGHT LEADERSHIP: DRIVING MEANINGFUL ECONOMIC CHANGE REQUIRES MORE THAN JUST ACTION IT DEMANDS INSIGHT, STRATEGY, AND INFLUENCE. THE ALLEGHENY CONFERENCE CONTINUES TO BE A NATIONAL THOUGHT LEADER, GUIDING POLICIES AND BEST PRACTICES IN ECONOMIC DEVELOPMENT. WE RELEASED A DATA-DRIVEN RESEARCH SERIES INCLUDING "THE IMPACT OF REGIONAL BUSINESS EXPANSION: WHY "GROWING OUR OWN" MATTERS," "INSIGHTS ON DEMOGRAPHICS AND WORKFORCE, FOUR "QUARTERLY VITALS" REPORTS, AS WELL AS FOUR TREND REPORTS ON DEMOGRAPHICS, MIGRATION, EMPLOYMENT, AND WORKFORCE.WORKFORCE & INCLUSIVE GROWTH: WE CONDUCTED28 LISTENING SESSIONSWITHENTREPRENEURIAL SUPPORT ORGANIZATIONS, COMMUNITY-BASED ORGANIZATIONS, AND MWDBE (MINORITY, WOMEN, AND DISADVANTAGED BUSINESS ENTERPRISES) LEADERS. THEIR INSIGHTS DIRECTLY INFORMED NEW WORKFORCE AND PROCUREMENT POLICY RECOMMENDATIONS. 2001937 1537344 438925 11934570 1 1 0 1 0 0 0 0 0 0 1 0 1 0 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 33 0 1 69 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 56 55 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 34.00 11.00 X X 687429 0 36110 DAVID L HOLMBERG CHAIR 1.00 0.00 X X 0 0 0 TIMOTHY M KNAVISH VICE CHAIR 1.00 0.00 X X 0 0 0 ERIC BOUGHNER TREASURER 1.00 2.00 X X 0 0 0 REBEKAH BYERS KCEHOWSKI SECREATARY 1.00 0.00 X X 0 0 0 LAURA KARET IMMEDIATE PAST CHAIR 1.00 0.00 X X 0 0 0 WILL ALLEN AT LARGE MEMBER 0.50 0.00 X 0 0 0 BILL ARTMAN AT LARGE MEMBER (ENTER 01/24) 0.50 0.00 X 0 0 0 LEROY M BALL JR AT LARGE MEMBER 0.50 0.00 X 0 0 0 WALTER R BASHAW II AT LARGE MEMBER (EXIT 08/24) 0.50 0.00 X 0 0 0 STEVE C BLANCO AT LARGE MEMBER (ENTER 05/24) 0.50 0.00 X 0 0 0 JEFF BROADHURST AT LARGE MEMBER 0.50 0.00 X 0 0 0 QUINTIN B BULLOCK 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 0.50 0.00 X 0 0 0 NICHOLAS J DEIULIIS AT LARGE MEMBER 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 0.50 0.00 X 0 0 0 WILLIAM S DEMCHAK AT LARGE MEMBER 1.00 2.00 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 SYLVIA V FIELDS AT LARGE MEMBER (ENTER 05/24) 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 0.50 0.00 X 0 0 0 JOAN T A GABEL AT LARGE MEMBER 0.50 0.00 X 0 0 0 JENNIFER GIOVANNITTI AT LARGE MEMBER 0.50 0.00 X 0 0 0 KENNETH G GORMLEY AT LARGE MEMBER 0.50 0.00 X 0 0 0 LISA HALEY AT LARGE MEMBER (ENTER 08/24) 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 SAMIR HIFRI AT LARGE MEMBER 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 0.50 0.00 X 0 0 0 FARNAM JAHANIAN AT LARGE MEMBER 0.50 0.00 X 0 0 0 JOHN F KASEL 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 DAVID J MALONE AT LARGE MEMBER 0.50 0.00 X 0 0 0 CHRISTOPHER MARTIN AT LARGE MEMBER (EXIT 03/24) 0.50 0.00 X 0 0 0 JAMES MCQUADE AT LARGE MEMBER 0.50 0.00 X 0 0 0 DAVID MOREHOUSE AT LARGE MEMBER 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 (EXIT 05/24) 0.50 0.00 X 0 0 0 CASEY RYAN AT LARGE MEMBER 0.50 0.00 X 0 0 0 BRYAN SALESKY AT LARGE MEMBER 0.50 0.50 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 SUSAN BAKER SHIPLEY 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 (EXIT 04/24) 0.50 0.00 X 0 0 0 KEVIN WALKER AT LARGE MEMBER 0.50 0.00 X 0 0 0 WILLIAM H WATSON AT LARGE MEMBER (5/24 THRU 9/24) 0.50 0.00 X 0 0 0 TERESA WHALEN AT LARGE MEMBER (ENTER 05/24) 0.50 0.00 X 0 0 0 TRAVIS E WILLIAMS AT LARGE MEMBER (ENTER 05/24) 0.50 0.00 X 0 0 0 LISA WITTE AT LARGE MEMBER 0.50 0.00 X 0 0 0 WILLIAM MCKAIN COO THRU 524 CHIEF FINANCIAL OFFICER (AS OF 5/24) 45.00 3.00 X 284183 0 29491 JANEL SKELLEY CHIEF FINANCIAL OFFICER (EXIT 05/24) 26.00 16.00 X 134791 0 12483 MATT SMITH CHEIF GROWTH OFFICER 10.00 35.00 X 440825 0 28583 CECELIA CAGNI CHIEF MARKETING & COMM OFFICER 28.00 15.00 X 245179 0 12628 VERA KREKANOVA CHIEF STRATEGY OFFICER 7.00 35.00 X 219857 0 24799 BENJAMIN PRATT VICE PRESIDENT, BUSINESS INVESTMENT 30.00 11.00 X 213042 0 17047 PATRICIA HORVATICH VICE PRESIDENT, BUSINESS INVESTMENT 2.00 59.00 X 160942 0 38201 MAJESTIC LANE CHIEF OPPORTUNITY OFFICER 1.00 39.00 X 168149 0 18210 2554397 0 217552 17 0 1 0 FIELD OPERATIONS 4 BRYANT PARK 11TH FLOOR NEW YORK NY 10018 ARCHITECTRUIAL SERVICES 1042229 VVA LLC 117 EAST 31ST STREET NEW YORK NY 10016 MANAGEMENT SERVICES 229854 CEEVA 643 FIRST AVENUE PITTSBURGH PA 15219 CONSULTING SERVICES 220819 PIPITONE GROUP 3933 PERRYSVILLE AVENUE PITTSBURGH PA 15214 MARKETING SERVICES 154890 BRAND STRATEGIES 1800 SHALER DRIVE GLENSHAW PA 15116 MARKETING SERVICES 115732 5 826417 22343729 23170146 SHARED SERVICES REIMB 900099 2318256 2318256 PROGRAM INVESTMENT REVENUE 900099 260337 260337 RELATED ORG SERVICE FEE 900099 180000 180000 ANCILLARY REVENUE 900099 2428 2428 ECONOMIC IMPACT STUDIES 900099 1000 1000 2762021 221449 221449 10000 10000 26163616 2762021 0 231449 X 5359598 5359598 1751563 1036144 631294 84125 6472851 3813314 2374712 284825 285852 169620 105630 10602 374497 222490 135243 16764 448018 263938 164366 19714 77967 25417 52550 168527 54938 113589 3244740 2718326 526414 86999 36959 46036 4004 107036 37608 67421 2007 294508 97742 196766 741455 241710 499745 77382 37839 38042 1501 409251 219487 41652 148112 104974 34221 70753 72912 23769 49143 RESEARCH & DEVELOPMENT 317093 117474 199619 DUES AND MEMBERSHIPS 28345 9475 18870 SHARED EXPENSES -6070018 -2605740 -3188115 -276163 55859 20241 35616 2 14409409 11934570 2179346 295493 3010424 2430276 4216616 4325336 4217129 5620293 2303798 15867305 95862 142287 1154609 945761 212299 208848 3003 3003 6617055 6902664 1507348 1092052 22183534 36592064 4414355 7068678 4414355 7068678 X 2567321 3738681 15201858 25784705 17769179 29523386 22183534 36592064 11754207 0 X X 0 1 X 1 0 X 5149085 13034153 10301002 9555715 23170146 61210101 5149085 13034153 10301002 9555715 23170146 61210101 11134439 50075662 46494 17179 30127 166719 231449 491968 61702069 9284827 0.81160 0.77730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 X 0 0 0 0 14409407 17780454 14409407 17780454 870470 1000000 217618 250000 0 0 0 0 686668 956919 1000000 1000000 3643587 5465381 798 364 0 1162 171667 239230 250000 250000 910897 1366346 800473 681497 118976 338836 248964 89872 15300 15300 0 208848 INVESTMENT IN SIF, LP 452484 C INVESTMENT IN SIF, INC. 4577407 C INVESTMENT IN P32, LP 1762698 C INVESTMENT IN P32, LLC 110075 C 6902664 X 20884304 30800 30800 20853504 5310112 5310112 26163616 9130097 30800 30800 9099297 5310112 5310112 14409409 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, 2024 AND 2023 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 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: REIMBURSEMENT OF SHARED SERVICES BY AFFILIATES 2,318,256. GRANT EXPENSE 2,991,856. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT EXPENSE 2,991,856. REIMBURSEMENT OF SHARED SERVICES BY AFFILIATES 2,318,256. 1 PITTSBURGH DOWNTOWN PARTNERSIP 307 FOURTH AVE FLOOR 2 PITTSBURGH PA 15222 231352264 501(C)(3) 1343145 0 N/A N/A PROGRAM SERVICES LEADERSHIP PITTSBURGH 225 FIFTH AVE 100 PITTSBURGH PA 15222 251767779 501(C)(3) 66348 0 N/A N/A PARTNERSHIP SUPPORT INNOVATEPGH PARTNERSHIP 544 MILTENBERGER ST PITTSBURGH PA 15219 271727604 501(C)(3) 27248 0 N/A N/A ECONOMIC DEVELOPMENT 3 0 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 1 0 0 0 0 0 0 1 0 STEFANI PASHMAN CHIEF EXECUTIVE OFFICER 510452 0 175000 0 1977 0 17253 0 18857 0 723539 0 0 0 MATT SMITH CHEIF GROWTH OFFICER 350950 0 87922 0 1953 0 21673 0 6910 0 469408 0 0 0 WILLIAM MCKAIN COO THRU 524 CHIEF FINANCIAL OFFICER (AS OF 5/24) 241484 0 38400 0 4299 0 14718 0 14773 0 313674 0 0 0 CECELIA CAGNI CHIEF MARKETING & COMM OFFICER 214051 0 30369 0 759 0 4994 0 7634 0 257807 0 0 0 VERA KREKANOVA CHIEF STRATEGY OFFICER 182878 0 35468 0 1511 0 9274 0 15525 0 244656 0 0 0 BENJAMIN PRATT VICE PRESIDENT, BUSINESS INVESTMENT 193128 0 18500 0 1414 0 12167 0 4880 0 230089 0 0 0 PATRICIA HORVATICH VICE PRESIDENT, BUSINESS INVESTMENT 150089 0 3600 0 7253 0 10036 0 28165 0 199143 0 0 0 MAJESTIC LANE CHIEF OPPORTUNITY OFFICER 147626 0 19467 0 1056 0 0 0 18210 0 186359 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 4A CHIEF MARKETING & COMMUNICATIONS OFFICER RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $131,597 IN CALENDAR YEAR 2024. 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 516002 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: MR. BALL, MR. DELUCA, MR. MOREHOUSE BUSINESS RELATIONSHIP: MR. JAHANIAN AND MR. REIMAN BUSINESS RELATIONSHIP: MR. DELIE AND MR. MALONE BUSINESS RELATIONSHIP: MR. ALLEN, MR. BULLOCK, MS. FEINSTEIN, MS. HANLON, MR. HOLMBERG AND MR. JAHANIAN BUSINESS RELATIONSHIP: MR. ALLEN, MS. KARET, MS. SCHROEDER AND MR. SRTICKLAND BUSINESS RELATIONSHIP: MR. DEMCHAK AND MR. SALESKY BUSINESS RELATIONSHIP: MS. FEINSTEIN, MS. GABEL, MS. GIOVANNITTI, MR. HAMMEL, MS. HOLDER, MR. MOREHOUSE, 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 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 IX, LINE 11G PROFESSIONAL SERVICES-OTHER PROGRAM: PROGRAM SERVICE EXPENSES 2,718,326. MANAGEMENT AND GENERAL EXPENSES 526,414. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,244,740. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES FROM PRIOR YEARS. 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