Idea Foundry in Pittsburgh, Pennsylvania (PA)

Table of contents:

Organization representatives - add corrected or new information about Idea Foundry »

Non-representatives - add comments about Idea Foundry»

Idea Foundry
Employer Identification Number (EIN)043587471
Name of OrganizationIdea Foundry
In Care of NameStuart Bell
Address4551 Forbes Ave Ste 200, Pittsburgh, PA 15213-3524
SubsectionCharitable Organization
Ruling Date04/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$5,164,785
Amount of Income$1,554,791
Form 990 Revenue Amount$1,504,791
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2012: $1,554,791 (it was $1,573,649 in 2011)
Idea Foundry: 

Other organizations performing similar types of work: 


Assets in 2012: $5,164,785 (it was $5,417,776 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$1,573,649
Contributions, Gifts, Grants and Other Similar Amounts$1,151,000
Program Service Revenue$391,667
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,741
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$27,241
Gross amount from sales of assets other than inventory (Securities / Other)$74,416 / $0
Less: cost or other basis and sales expenses (Securities / Other)$47,175 / $0
Gain or (loss) (Securities / Other)$27,241 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$1,503,177
Compensation of current officers, directors, trustees, and key employees$281,677
Other salaries and wages$233,837
Payroll taxes$30,116
Professional fundraising services$4,515
Balance Sheet (for 2011)
Total assets$5,417,776
Total liabilities$861,647
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$754,262
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$4,556,129
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$6,179,309
Gifts, grants, contributions, and membership fees received$5,962,000
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$217,309
Gross receipts from related activities, etc.$1,994,187
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Idea Foundry to others? (optional)
Add photo of Idea Foundry (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»


Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!

Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):

Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Metropolitan Entertainment & Convention Authority455 N 10th St, Omaha, NE 68102-1151NE1997-12$42,811,850
2Structured Employment Economic Development Corporation915 Broadway Fl 17, New York, NY 10010-7116NY1977-01$36,186,581
3Columbus Downtown Development Corporation150 S Front St Ste 210, Columbus, OH 43215-7105OH2002-10$15,371,865
4Delaware River Waterfront Corporation121 N Columbus Blvd, Philadelphia, PA 19106-1403PA2009-10$12,707,512
5Lehigh Valley Economic Development Corporation2158 Avenue C Ste 200, Bethlehem, PA 18017-2148PA2001-10$2,809,067
6Bedford County Development Association1 Corporate Drive, Bedford, PA 15522-7983PA2004-08$1,466,048
7Ebenezer Development Corporation3702 Allendale Cir, Pittsburgh, PA 15204-1206PA2012-07$1,157,763
8Delaware River City Corporation5301 Tacony St Ste 215, Philadelphia, PA 19137-2309PA2005-06$1,041,234
9Clearfield County Economic Development Corporation511 Spruce Street, Clearfield, PA 16830-1923PA2000-07$809,191
10Hometown Development Corporation114 N Hanover Street, Carlisle, PA 17013-2463PA2001-02$33,269
11Greater Philadelphia Tourism Marketing Corporation30 S 17th Street, Philadelphia, PA 19103-4001PA1996-10$11,193,486
12Dauphin County Economic Development CorporationVeterans Building 112 Market Street, Harrisburg, PA 17101PA1998-08$4,324,288
13Pa Capital Regions Vacation Bureau, Hershey Capital Region Visitors Bur17 S 2nd Street, Harrisburg, PA 17101-2006PA1998-12$2,767,141
14Innovation Philadelphia Inc2600 Centre Sq W, Philadelphia, PA 19102-2115PA2002-06$2,465,342
15Cumberland Area Economic Development Corporation53 W South Street St 1, Carlisle, PA 17013-3458PA2005-10$2,136,410
16Pennsylvania Coal Alliance Inc212 N Third Street, Harrisburg, PA 17101-1505PA2004-01$2,054,559
17Economic Growth Connection Of Westmoreland40 N Pennsylvania Ave Ste 510, Greensburg, PA 15601-2342PA1989-09$1,820,733
18Idea Foundry4551 Forbes Ave Ste 200, Pittsburgh, PA 15213-3524PA2002-04$1,554,791
19Johnstown Area Regional Industries Inc245 Market St Ste 200, Johnstown, PA 15901-2910PA2011-09$1,488,967
20Butler Economic Development Corporation111 Woody Dr, Butler, PA 16001-7603PA2002-02$1,367,029
21Greater Ford City Development CorporationPO BOX 71, Ford City, PA 16226-0071PA2000-08$1,183,746
22Pittsburgh Community Reinvestment Group1901-15 Centre Ave Suite 200, Pittsburgh, PA 15219PA1993-06$1,148,815
23Greater Reading Economic Partnershipi Nc201 Penn St Ste 502, Reading, PA 19601-4082PA2003-09$1,033,101
24Urban Innovation211901 Centre Ave Ste 300, Pittsburgh, PA 15219-4378PA2008-10$922,724
25Ben Franklin Center Of Excellence Of Northwest Pennasylvania Inc, Center For Ebusiness &advanced It5340 Fryling Rd Ste 201, Erie, PA 16510-4672PA2003-06$728,124
26Downtown Bedford IncPO BOX 286, Bedford, PA 15522-0286PA2002-04$520,386
27James Street Improvement District354 N Prince St Ste 110, Lancaster, PA 17603-3085PA2003-05$496,397
28Lebanon Valley Economic Development Corporation16 Lebanon Valley Pkwy, Lebanon, PA 17042-9745PA2001-11$410,290
29Bayfront Eastside Task Force420 Parade St, Erie, PA 16507-1625PA2001-10$385,604
30Pennsylvania Route 6 AlliancePO BOX 180, Galeton, PA 16922-0180PA2006-06$376,126
Number of organizations performing similar types of work
District of Columbia26
North Carolina116
North Dakota10
New Hampshire22
New Jersey49
New Mexico37
New York189
Rhode Island5
South Carolina55
South Dakota31
West Virginia33
Total2,797 is not associated with, endorsed by, or sponsored by Idea Foundry and has no official or unofficial affiliation with Idea Foundry