2023-05-12T15:15:22-05:00 2022-06-30 251467156 SISTERSON & CO LLP 310 GRANT STREET SUITE 2100 PITTSBURGH PA 15219 990 2021-07-01 251588611 INNOVATION WORKS INC INNO 4126811520 TWO ALLEGHENY CENTER 100 PITTSBURGH PA 15212 VEN RAJU PRESIDENT & CEO 4126811520 2023-05-12 1 VEN RAJU 999009999 KIMBERLEY A MILLER P01324554 4122812025 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z VEN RAJU TWO ALLEGHENY CENTER 100 PITTSBURGH PA 15212 26662552 0 X WWW.INNOVATIONWORKS.ORG X 1988 PA INNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA. 9 5 34 208 0 0 4714569 5590473 9503123 18000352 443625 481904 0 0 14661317 24072729 180721 101727 0 0 4735457 5153863 0 0 6393 5291762 5722953 10207940 10978543 4453377 13094186 37710828 48998670 3192315 3129667 34518513 45869003 X SEE SCHEDULE OINNOVATION WORKS' MISSION IS TO INCREASE THE SUCCESS RATE OF THE REGION'S TECHNOLOGY AND TECHNOLOGY ADOPTING COMPANIES THROUGH DIRECT INVESTMENT, BUSINESS ASSISTANCE, AND INFRASTRUCTURE DEVELOPMENT. UNDERLYING IW'S MISSION IS THE BELIEF THAT INNOVATION IS A KEY ENGINE OF GROWTH FOR THE SOUTHWESTERN PENNSYLVANIA REGION. ACTIVITIES UNDERTAKEN BY INNOVATION WORKS IN PURSUIT OF THIS MISSION HAVE RESULTED IN SIGNIFICANT COMMUNITY DEVELOPMENT BENEFITS, INCLUDING CREATION OF JOBS, ATTRACTION OF INVESTMENT, AND INCREASED COMPETITIVE ADVANTAGE FOR COMPANIES LOCATED IN SOUTHWESTERN PENNSYLVANIA. 0 0 8957242 101727 18000352 SEE SCHEDULE O 8957242 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 51 0 34 1 1 1 1 BF 0 0 0 0 0 0 0 0 0 0 X 9 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X KELLI MCMURRAY 4126811520 NOVA TOWER 2 TWO ALLEGHENY CENTER PITTSBURGH PA 15212 MS CATHERINE MOTT BOARD CHAIR 2.50 X 0 0 0 MR ROB A RUTENBAR BOARD MEMBER 0.75 X 0 0 0 MR JUAN GARRETT BOARD MEMBER 0.75 X 0 0 0 DR STEVEN REIS BOARD MEMBER 0.75 X 0 0 0 MS REBECCA DOERGE BOARD MEMBER 0.75 X 0 0 0 MR JOE FERRARA BOARD MEMBER 0.75 X 0 0 0 MR TOM JONES BOARD MEMBER 0.75 X 0 0 0 MS DONNA MYERS BOARD MEMBER 0.75 X 0 0 0 MR JIMMY WILLIAMS BOARD MEMBER 0.75 X 0 0 0 MR RICHARD R LUNAK PRESIDENT & CEO 40.00 X 431063 0 49038 MR JIM JEN VP & COO 40.00 X 258342 0 45965 MR GARY GLAUSSER VP, TREASURER & CIO (THRU 6/2021) 40.00 X 215980 0 25076 MS SUSAN KIJOWSKI SECRETARY & CONTROLLER 40.00 X 183016 0 34469 MS TERRI GLUECK VP, COMMUNICATIONS & COMMUNITY DEVELOPMENT 40.00 X 178372 0 37326 MR ROBERT STARZYNSKI VP, BUSINESS DEVELOPMENT 40.00 X 179066 0 32259 MR VEN RAJU VP, TREASURER & CIO (AS OF 7/2021) 40.00 X 121292 0 12580 MS KELLEY BENSON VP, HUMAN RESOURCES & INCLUSION 40.00 X 177373 0 37973 MR JEFFERY MCDANIEL PORTFOLIO EXECUTIVE 40.00 X 190659 0 36664 MR JAMES WRUBEL PORTFOLIO EXECUTIVE 40.00 X 170443 0 26545 MR AFSHAN KHAN PORTFOLIO EXECUTIVE 40.00 X 168641 0 51838 MR LARRY MILLER PORTFOLIO EXECUTIVE 40.00 X 139936 0 17644 MS MEGAN SHAW PORTFOLIO EXECUTIVE 40.00 X 166453 0 17924 2580636 0 425301 16 1 1 0 BUCHANAN INGERSOLL & ROONEY PC 501 GRANT STREET SUITE 200 PITTSBURGH PA 15219 LEGAL 176733 1 3801144 1789329 5590473 LOAN & EQUITY INCOME 900000 17999698 17999698 ROYALTIES 900000 654 654 18000352 528037 528037 2543690 2589637 186 -45947 -186 -46133 -46133 24072729 18000352 0 481904 101727 101727 1924300 1278530 645770 2281492 1871816 405211 4465 504696 378042 126118 536 217939 212353 5100 486 225436 168863 56334 239 271974 156854 115120 37338 37338 42009 42009 67077 67077 185726 140088 45638 21150 21150 81124 71614 9454 56 188470 99438 88673 359 517947 352259 165563 125 23072 20718 2354 12108 9739 2369 31440 6086 25354 52284 36993 15169 122 INVESTMENT IN PORTFOLIO 3779999 3779999 0 REGIONAL INFRASTRUCTURE 155620 153653 1967 SUBSCRIPTIONS AND MEMBE 20979 14813 6166 OFFICE FURNITURE & EQUI 16036 16036 0 218600 24462 194133 5 10978543 8957242 2014908 6393 500 177 13598003 20554779 830931 745092 64865 74611 1032841 935920 128548 96921 17019532 21546429 6015055 5927267 53394 53394 37710828 48998670 1049269 1412698 2047408 1636348 95638 80621 3192315 3129667 X 34442078 45458574 76435 410429 34518513 45869003 37710828 48998670 X 13094186 -1998404 254708 X 0 1 X 1 0 X 9214096 5281468 5831337 4714569 5590473 30631943 9214096 5281468 5831337 4714569 5590473 30631943 1351318 29280625 357643 625552 658510 472475 528037 2642217 98354 18590 3600 120544 33394704 40475683 0.87680 0.54640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 0 0 0 1 42009 0 0 42009 0 PART II-B, LINE 1: LOBBYING ACTIVITIES INCLUDE DIRECT CONTACT WITH LEGISLATORS, THEIR STAFF, GOVERNMENT OFFICIALS OR A LEGISLATIVE BODY. 885088 792428 92660 116921 112660 4261 30832 30832 0 96921 RIVERFRONT VENTURES 5039949 F IW MANAGEMENT COMPANY 110915 F COGNITION THERAPUTICS 527403 F RIVERFRONT VENTURES II 245000 F IW MANAGEMENT COMPANY II 4000 F 5927267 DEFERRED RENT 80621 80621 X PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION ON INCOME TAXES CLARIFIES RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS. IW EVALUATES UNCERTAIN TAX POSITIONS FOR RECOGNITION BY DETERMINING WHETHER EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT A POSITION WILL BE SUSTAINED IF EXAMINED BY TAXING AUTHORITIES. AS OF JUNE 30, 2022, IW IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS. IW'S TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURGH PA 15213 250969449 25000 0 CASH N/A UNIVERSITY INNOVATION GRANT ($25,000) ESTAT ACTUATION INC 91 43RD STREET SUITE 200 PITTSBURGH PA 15201 834553726 6393 0 CASH N/A INNOVATION ADOPTION PROGRAM ($3,893), INTERN PROGRAM ($2,500) RAVEN INDUSTRIES INC 509 CENTER DR LATROBE PA 15650 251649532 15000 0 CASH N/A INNOVATION ADOPTION PROGRAM ($15,000) 1 2 PART I, LINE 2: INNOVATION WORKS' EMPLOYEES WORK DIRECTLY WITH GRANTEES THROUGHOUT THE LIFE OF THE GRANT. FINAL FINANCIAL AND PROGRESS REPORTS ARE ALSO REQUIRED TO BE SUBMITTED BY EACH GRANTEE. X X X X X 0 0 0 0 0 0 0 0 0 MR RICHARD R LUNAK PRESIDENT & CEO 320660 0 109743 0 660 0 34800 0 14514 0 480377 0 0 0 MR JIM JEN VP & COO 204251 0 53431 0 660 0 24990 0 21251 0 304583 0 0 0 MR GARY GLAUSSER VP, TREASURER & CIO (THRU 6/2021) 166230 0 49424 0 326 0 13938 0 11276 0 241194 0 0 0 MS SUSAN KIJOWSKI SECRETARY & CONTROLLER 142907 0 39611 0 498 0 17332 0 17412 0 217760 0 0 0 MS TERRI GLUECK VP, COMMUNICATIONS & COMMUNITY DEVEL 140528 0 37344 0 500 0 17425 0 20178 0 215975 0 0 0 MR ROBERT STARZYNSKI VP, BUSINESS DEVELOPMENT 141024 0 37538 0 504 0 17556 0 14978 0 211600 0 0 0 MS KELLEY BENSON VP, HUMAN RESOURCES & INCLUSION 137973 0 38907 0 493 0 17151 0 21098 0 215622 0 0 0 MR JEFFERY MCDANIEL PORTFOLIO EXECUTIVE 157219 0 33440 0 0 0 19504 0 17436 0 227599 0 0 0 MR JAMES WRUBEL PORTFOLIO EXECUTIVE 139533 0 30400 0 510 0 17773 0 9049 0 197265 0 0 0 MR AFSHAN KHAN PORTFOLIO EXECUTIVE 138028 0 30107 0 506 0 17601 0 34513 0 220755 0 0 0 MR LARRY MILLER PORTFOLIO EXECUTIVE 102661 0 36970 0 305 0 12126 0 5657 0 157719 0 0 0 MS MEGAN SHAW PORTFOLIO EXECUTIVE 152115 0 13832 0 506 0 17924 0 253 0 184630 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF INNOVATION WORKS, INC. IS MPC CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE MPC CORPORATION SHALL HAVE THE RIGHT TO APPROVE CANDIDATES NOMINATED BY THE BOARD OF DIRECTORS OF INNOVATION WORKS, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER IN DETAIL. A COPY OF FORM 990 IS THEN PROVIDED TO THE ORGANIZATION'S EXECUTIVE AND AUDIT COMMITTEES OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. COMMENTS/QUESTIONS ARE DIRECTED TO THE BOARD CHAIRMAN OR PRESIDENT AND CEO. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES EACH BOARD MEMBER, OFFICER, AND STAFF TO ANNUALLY COMPLETE A CONFLICT OF INTEREST AND FINANCIAL DISCLOSURE FORM AND DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S COMPENSATION FOR THE OFFICERS AND KEY POSITIONS IS REVIEWED EVERY TWO YEARS BY AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE CONSIDERS THE INFORMATION PROVIDED BY THE COMPENSATION CONSULTANT TO DETERMINE EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: DIFFERENCE FOR CASH BASIS & ACCRUAL BASIS CONTRIBUTIONS ON LINE 1 254,708. FORM 990, PART III, LINE 4A: THE COMPANIES SERVED BY IW IMPACT SOUTHWESTERN PENNSYLVANIA IN SEVERAL WAYS: (1) THEY CREATE JOBS; (2) THEY HELP RETAIN KEY REGIONAL TALENT; (3) THEY ATTRACT INVESTMENT DOLLARS AND TALENT TO THE REGION; AND (4) THEY CREATE A SUSTAINABLE COMPETITIVE ADVANTAGE FOR THE REGION'S COMPANIES. INNOVATION INVESTMENT FUND - THE CORE OF THE INNOVATION WORKS MODEL IS THE INNOVATION INVESTMENT FUND, SOUTHWESTERN PENNSYLVANIA'S LEADING SOURCE FOR SEED-STAGE CAPITAL FOR START UP TECHNOLOGY COMPANIES. INNOVATION WORKS HAS DEVELOPED AN EVALUATION PROCESS THAT IS STRUCTURED TO HELP FACILITATE WISE INVESTMENT DECISION-MAKING WITHIN INNOVATION WORKS. THE PROCESS IS DESIGNED TO LEVERAGE THE KNOWLEDGE OF INDUSTRY CONTACTS, STAFF DOMAIN EXPERTS, BOARD MEMBERS, AND MARKET EXPERTS, AS WELL AS TO GATHER THE OPINIONS AND RECOMMENDATIONS OF THE FOLLOW-ON INVESTMENT COMMUNITY. ALPHALAB - AN INTENSIVE PROGRAM FOR LAUNCHING THE NEXT GENERATION OF SOFTWARE, ENTERTAINMENT TECHNOLOGY HARDWARE, AND INTERNET-RELATED COMPANIES. ALPHALAB PROVIDES FUNDING, FREE OFFICE SPACE, AND EXPERTISE TO HELP COMPANIES RAPIDLY DEVELOP THEIR TECHNOLOGY, GAIN EARLY USER FEEDBACK, DEVELOP GO-TO-MARKET STRATEGIES, AND MOVE TOWARD COMMERCIALIZATION. ALPHALAB GEAR - THIS PROGRAM WAS LAUNCHED IN 2013 AS THE HARDWARE ACCELERATOR PROGRAM BASED ON THE ALPHALAB ACCELERATOR MODEL TO SUPPORT PHYSICAL PRODUCT COMPANIES. PROGRAM COMPONENTS INCLUDE THE SAME CORE PROGRAMMING AS ALPHALAB PLUS PRODUCT DESIGN, MANUFACTURING, SUPPLY CHAIN AND RETAIL DISTRIBUTION. ALPHALAB GEAR COMPANIES ALSO BENEFIT FROM BEING A PART OF THE EXTENDED ALPHALAB NETWORK, LEVERAGING THE ALUMNI AND MENTOR NETWORKS, SOFTWARE/INTERNET EXPERTISE BUILT OVER PRIOR ALPHALAB PROGRAM CYCLES. ALPHALAB HEALTH - THIS PROGRAM WAS LAUNCHED IN SEPTEMBER 2020 AS THE HEALTHCARE AND LIFE SCIENCES ACCELERATOR PROGRAM BASED ON THE ALPHALAB AND ALPHALAB GEAR ACCELERATOR MODELS TO SUPPORT HEALTHCARE COMPANIES. PROGRAM COMPONENTS INCLUDE THE SAME CORE PROGRAMMING AS ALPHALAB PLUS DATA COLLECTION, PROOF-OF-CONCEPT TRIALS, CLINICAL TRIALS, REGULATORY STRATEGY, AND REIMBURSEMENT AND REVENUE MODELS. ALPHALAB HEALTH COMPANIES ALSO BENEFIT FROM BEING A PART OF THE EXTENDED ALPHALAB AND ALPHALAB GEAR NETWORKS, LEVERAGING THE ALUMNI AND MENTOR NETWORK. ADDITIONALLY, BENEFITTING FROM THE EXTENDED NETWORK PROVIDED THROUGH THE COLLABORATION WITH ALLEGHENY HEALTH NETWORK. CORPORATE SERVICES - OUR CORPORATE PROGRAM HELPS STARTUPS AND LARGE CORPORATIONS TO WORK MORE EFFECTIVELY TOGETHER BY FACILITATING CONNECTIONS, UNCOVERING OPPORTUNTIES TO COLLABORATE, AND OFFERING EDUCATIONAL TRAINING AND WORKSHOPS. THE GOAL IS TO AID STARTUPS IN ATTRACTING FIRST CUSTOMERS AND CORPORATIONS IN ACCELERATING THEIR INNOVATION OBJECTIVES. UNIVERSITY GRANTS (UIG) - IW WORKS IN PARTNERSHIP WITH WORLD-RENOWNED UNIVERSITIES IN THE PITTSBURGH REGION TO IDENTIFY AND CULTIVATE RESEARCH IDEAS THAT HAVE VIABLE MARKETS, AND PROVIDE FUNDING TO HELP ACCELERATE COMMERCIALIZATION. INTERNSHIP PROGRAM - THROUGH OUR ONGOING RELATIONSHIPS WITH AREA UNIVERSITIES, IW IDENTIFIES HIGH-CALIBER MBA AND UNDERGRADUATE STUDENTS WHO SHOW HIGH POTENTIAL IN BUSINESS, ENGINEERING AND OTHER IN-DEMAND FIELDS, FOR PLACEMENT AS INTERNS IN REGIONAL TECHNOLOGY START-UPS AND INNOVATIVE MANUFACTURING COMPANIES. INVESTOR DEVELOPMENT - IN THE CURRENT ENVIRONMENT, ASSISTING COMPANIES WITH RAISING CAPITAL IS ONE OF THE MOST IMPORTANT, AND MOST REQUESTED, SERVICE OFFERINGS THAT INNOVATION WORKS PROVIDES. EVERY COMPANY IN THE INNOVATION WORKS PORTFOLIO, REGARDLESS OF INDUSTRY, STAGE OF GROWTH OR EXPERIENCE OF THE ENTREPRENEUR, HAS FUNDRAISING AS A CONSTANT AND NECESSARY PRIORITY. INVESTOR DEVELOPMENT ASSISTS INNOVATION WORKS PORTFOLIO COMPANIES IN ALL ASPECTS OF THEIR FUNDRAISING EFFORTS. FROM 1999 - 2022, IW'S PORTFOLIO COMPANIES AND ACCELERATOR COMPANIES RAISED $3.4B OF FOLLOW-ON INVESTMENT-MOSTLY FROM SOURCES OUTSIDE OUR REGION. PORTFOLIO EXECUTIVES - ONE OF THE KEYS TO INNOVATION WORKS SUCCESS IS ITS APPROACH TO HELPING COMPANIES BY PROVIDING NOT ONLY CAPITAL, BUT ALSO BUSINESS EXPERTISE. INNOVATION WORKS' PORTFOLIO EXECUTIVES ALSO IDENTIFY AND ASSEMBLE THE ESSENTIAL BUSINESS RESOURCES, SKILLS, ADVICE AND INFORMATION THAT ARE NEEDED BY ITS PORTFOLIO COMPANIES BEYOND WHAT IS PROVIDED BY INNOVATION WORKS INTERNAL RESOURCES. THIS IS AN IMPORTANT ELEMENT OF INNOVATION WORKS VALUE PROPOSITION, BECAUSE ALL EARLY STAGE TECHNOLOGY COMPANIES CAN GREATLY IMPROVE THEIR CHANCES OF SUCCESS IF GIVEN ACCESS TO THE RIGHT EXPERTISE AND ASSISTANCE. STARTABLE - A FREE EIGHT-WEEK SUMMER PROGRAM THAT TEACHES STUDENTS AGES 16-18 ENTREPRENEURSHIP AND MAKER SKILLS. STUDENTS DEVELOP, DESIGN, PROTOTYPE, BUILD, BRAND, MARKET AND SELL PRODUCTS OF THEIR OWN CREATION. SCALABLE INNOVATION - SCALABLE INNOVATION PROGRAM EXPANDS OPPORTUNITIES FOR BOTH MANUFACTURERS AND STARTUPS AND HELPS THEM OVERCOME INHERENT CHALLENGES IN SCALING THEIR BUSINESSES. THE PROGRAM HELPS REGIONAL STARTUPS BUILD SUPPLY CHAIN PARTNERSHIPS WITH THE LOCAL MANUFACTURING COMMUNITY. THROUGH THE PROGRAM, MANUFACTURERS CAN FIND NEW CUSTOMERS AND MARKETS. AS A STARTUP GROWS AND BECOMES MORE SUCCESSFUL, THEY WILL BECOME A BIGGER CUSTOMER FOR THE LOCAL MANUFACTURERS WITH WHICH THEY WORK. LIKEWISE, STARTUPS BENEFIT FROM THE EXPERTISE OF EXPERIENCED MANUFACTURERS, WHO CAN HELP OVERCOME ENGINEERING, DESIGN AND OTHER TECHNICAL CHALLENGES SO THE STARTUP CAN REACH COMMERCIAL SUCCESS FASTER, CHEAPER AND MORE RELIABLY. THE SCALABLE INNOVATION PROGRAM HELPS MAKE THE CONNECTIONS AND PROCESSES WORK SMOOTHLY SO BOTH STARTUPS AND THEIR SUPPLIERS BENEFIT. INNOVATION ADOPTION PROGRAM (IAP) - IW PROVIDES FUNDING AND CONNECTS SMALL MANUFACTURERS WITH THE REGION'S CENTERS OF EXCELLENCE TO HELP THEM IMPROVE PRODUCT AND PROCESS ENGINEERING FOR COMPETITIVE ADVANTAGE. EARLY STAGE TECHNOLOGY ASSISTANCE PROGRAM (ETAP) - SIMILAR TO THE UIG PROGRAM, BUT OUTSIDE OF THE UNIVERSITY CONTEXT, IW'S ETAP PROGRAM ATTEMPTS TO ANSWER FUNDAMENTAL QUESTIONS REGARDING THE COMMERCIAL POTENTIAL OF FORMATION-STAGE COMPANIES THAT HAVE REQUESTED ASSISTANCE FROM IW. THROUGH ETAP FUNDING, IW PROVIDES COMPANIES WITH DIRECT INVESTMENT OF UP TO $50,000 AND OFTEN LINKS THE COMPANY WITH A CONSULTANT OR INDUSTRY EXPERT TO ASSIST THE COMPANY IN ANSWERING FUNDAMENTAL BUSINESS QUESTIONS EARLY IN THE LIFE CYCLE, THEREBY ACCELERATING THE COMPANY'S DEVELOPMENT. UPPRIZE - INNOVATION WORKS ASSUMED THE ADMINISTRATION OF THE BNY MELLON UPPRIZE SOCIAL IMPACT CHALLENGE IN 2019. THE UPPRIZE COMPETITION WAS DESIGNED TO IDENTIFY PROMISING TECHNOLOGICAL SOLUTIONS FOR ISSUES AFFECTING MARGINALIZED POPULATIONS AND/OR NON-PROFIT ORGANIZATIONS IN SOUTHWESTERN PA. IN 2013, INNOVATION WORKS, INC. FORMED IW MANAGEMENT COMPANY, LLC FOR THE PURPOSE OF MANAGING RIVERFRONT VENTURES, LLC, A FOR-PROFIT VENTURE CAPITAL FUND WITH COMMITMENTS OF $23.7 MILLION. MPC CORPORATION 5000 FORBES AVENUE PITTSBURGH PA 152133890 251128244 RESEARCH AND DEVELOPMENT PA 501(C)(3) 11A - TYPE 1 N/A 0 BEN FRANKLIN TECHNOLOGY PARTNERS CORP 116 RESEARCH DRIVE BETHLEHEM PA 180153715 201326433 ECONOMIC DEVELOPMENT PA 501(C)(3) 509(A)(3) N/A 0 RIVERFRONT VENTURES LLC TWO ALLEGHENY CENTER NO 100 PITTSBURGH PA 15212 462587754 VENTURE FUND - INVESTMENTS IN EARLY STAGE TECH COMPANIES PA IW MANAGEMENT COMPANY LLC RELATED 767291 5022898 0 0 0.61590 RIVERFRONT VENTURES II LLC TWO ALLEGHENY CENTER NO 100 PITTSBURGH PA 15212 852568830 VENTURE FUND - INVESTMENTS IN EARLY STAGE TECH COMPANIES PA IW MANAGEMENT COMPANY II LLC RELATED 236167 0 0 0.98510 IW MANAGEMENT COMPANY LLC TWO ALLEGHENY CENTER NO 100 PITTSBURGH PA 15212 462574317 MANAGE RELATED ENTITY, RIVERFRONT VENTURES, LLC PA INNOVATION WORKS INC C 168685 1635801 1.00000 1 IW MANAGEMENT COMPANY II LLC TWO ALLEGHENY CENTER NO 100 PITTSBURGH PA 15212 852552038 MANAGE RELATED ENTITY, RIVERFRONT VENTURES,II LLC PA INNOVATION WORKS INC C 49000 53000 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 IW MANAGEMENT COMPANY LLC S 14115 ACTUAL CASH RIVERFRONT VENTURES LLC S 612124 ACTUAL CASH IW MANAGEMENT COMPANY LLC Q 95000 ACTUAL CASH RIVERFRONT VENTURESII LLC R 245000 ACTUAL CASH IW MANAGEMENT COMPANY II LLC R 4000 ACTUAL CASH