2016-03-02T13:05:47-06:00 2015-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2014-07-01 261982661 THE PITTSBURGH PROMISE FOUNDATION PITT 4123915122 FIVE PPG PLACE NO 250 PITTSBURGH PA 15222 SALEEM GHUBRIL EXECUTIVE DIRECTOR 4123915122 2016-03-01 1 SUSAN M KIRSCH P00341397 4122613644 2014 2016-08-17 19:52:53Z SALEEM GHUBRIL FIVE PPG PLACE NO 250 PITTSBURGH PA 15222 49425723 0 X WWW.PITTSBURGHPROMISE.ORG X 2007 PA TO SUPPORT THE PITTSBURGH FOUNDATION. 18 17 13 17 0 0 6148524 4933657 2197 1695 476092 2553960 1369 0 6628182 7489312 850644 16158707 0 0 634071 1331350 0 0 972535 673283 1233953 2157998 18724010 4470184 -11234698 116110243 105007127 573760 837128 115536483 104169999 X THE PITTSBURGH PROMISE IS A VISIONARY SCHOLARSHIP PROGRAM TO HELP STUDENTS GRADUATING FROM THE PITTSBURGH PUBLIC SCHOOLS PURSUE FURTHER EDUCATION AFTER HIGH SCHOOL, AND TO ENHANCE THE GROWTH, STABILITY, AND ECONOMIC DEVELOPMENT OF THE PITTSBURGH REGION. 0 0 17457955 16158707 1695 THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDES AN INITIAL $10 MILLION CONTRIBUTION AND THE REMAINING $90 MILLION WAS A CHALLENGE GRANT INTENDED TO SPUR A COMMUNITY-WIDE CAMPAIGN TO RAISE AN ADDITIONAL $150 MILLION FROM OTHER ORGANIZATIONS AND INDIVIDUALS.THE GOALS OF THE PITTSBURGH PROMISE ARE TO: -SEND ALL ELIGIBLE URBAN YOUTH TO COLLEGE OR TRADE SCHOOL WITH A SCHOLARSHIP-PROMOTE THE REFORM OF URBAN SCHOOLS SO THAT YOUNG PEOPLE ARE PREPARED FOR SUCCESSFUL AND MEANINGFUL LIVES-INVEST IN OUR REGION'S WORKFORCE BY PREPARING THE NEXT GENERATION OF WORKERS TO MEET THE DEMANDS AND OPPORTUNITIES OF OUR ECONOMY-RAISE $250 MILLION IN ORDER TO FULFILL OUR PROMISE FOR GENERATIONS TO COMECENTRAL TO THE WORK OF THE PITTSBURGH PROMISE IS PROMOTING ACADEMIC SUCCESS AND ENCOURAGING OUR STUDENTS AND THEIR COMMUNITIES TO DREAM BIG AND WORK HARD TOWARD HIGH ASPIRATIONS AND HOPE. WE ASPIRE TO REPLACE THE CULTURE OF LOW EXPECTATIONS THAT OFTEN PERMEATES URBAN SCHOOLS WITH THE BELIEF THAT INSIDE EVERY CHILD IS A PROMISE, AND WITH THE APPROPRIATE CARE, EFFORT, AND NEEDED RESOURCES, THAT PROMISE WILL UNDOUBTEDLY BE FULFILLED. THE FULL IMPACT OF THAT PROMISE BEGINS WITH INDIVIDUAL CHILDREN AND EXPANDS TO INVIGORATE THE ENTIRE COMMUNITY, IMPROVE THE QUALITY OF LIFE IN THE REGION, AND DEVELOP A HIGHLY QUALIFIED WORKFORCE THAT WILL MEET THE NEEDS OF LOCAL EMPLOYERS BOTH NOW AND IN THE FUTURE.THE PITTSBURGH PROMISE CONDUCTS OUTREACH IN ALL CITY SCHOOLS IN AN EFFORT TO CULTIVATE RELATIONSHIPS AND PROMOTE ACHIEVEMENT. AS OF JUNE 2015, RESULTS INCLUDE THE FOLLOWING: -MORE THAN 6,200 STUDENTS RECEIVED $73 MILLION IN PROMISE SCHOLARSHIPS-THEY ATTENDED 117 POST-SECONDARY INSTITUTIONS ACROSS PENNSYLVANIA-HIGH SCHOOL GRADUATION RATES INCREASED FROM 63% TO 74%-COLLEGE-GOING RATES INCREASED FROM 58% TO 68%-COLLEGE GRADUATION RATES MET OR EXCEEDED STATE AND NATIONAL AVERAGES-THE LARGE MAJORITY OF GRADUATES RETURNED TO PITTSBURGH AND GAINED EMPLOYMENT AT COMPANIES THAT SUPPORT THE PITTSBURGH PROMISE 17457955 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 32 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 18 17 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 PA X X JONATHAN BRELSFORD VP FINANCE & INVESTMENTS 4123942628 FIVE PPG PLACE SUITE 250 PITTSBURGH PA 152225401 CHIP BABST ENT 31215 TRUSTEE 1.00 0.00 X 0 0 0 DEBRA DEMCHAK TRUSTEE 1.00 0.00 X 0 0 0 KIRK JOHNSON TRUSTEE 1.00 0.00 X 0 0 0 MAXWELL KING ENT 91114 TRUSTEE 1.00 45.00 X 0 113118 29791 MARK LASKOW TRUSTEE 1.00 0.00 X 0 0 0 ANNE LEWIS TRUSTEE 1.00 1.00 X 0 0 0 PAMELA LITTLE-POOLE TRUSTEE 1.00 0.00 X 0 0 0 DAVID MALONE TRUSTEE 1.00 1.00 X 0 0 0 DAVID AND CINDY SHAPIRA TRUSTEE 1.00 0.00 X 0 0 0 EDITH SHAPIRA MD TRUSTEE 1.00 2.00 X 0 0 0 KIYA TOMLIN TRUSTEE 1.00 0.00 X 0 0 0 DEMETRI ZERVOUDIS TRUSTEE 1.00 0.00 X 0 0 0 LINDA LANE EX-OFFICIO 1.00 0.00 X 0 0 0 WILLIAM PEDUTO EX-OFFICIO 1.00 0.00 X 0 0 0 FRANCO HARRIS CHAIRMAN 1.00 0.00 X X 0 0 0 MARTIN MCGUINN VICE CHAIRMAN 1.00 0.00 X X 0 0 0 CANDI CASTLEBERRY-SINGLETON TREASURER/EX-OFFICIO 1.00 0.00 X X 0 0 0 OLGA WELCH SECRETARY 1.00 0.00 X X 0 0 0 SALEEM GHUBRIL EXECUTIVE DIRECTOR 40.00 0.00 X 162753 0 26851 GERARD LEVAN DIRECTOR OF DEVELOPMENT 40.00 0.00 X 105994 0 12883 268747 113118 69525 2 0 1 0 GARRISON HUGHES 100 FIRST AVE SUITE 200 PITTSBURGH PA 15222 ADVERTISING 304573 PNC BANK 249 FIFTH AVE PNC PLAZA PITTSBURGH PA 15222 INVESTMENT FEES 200290 BROUDY PRINTING PO BOX 5248 PITTSBURGH PA 15206 PRINTING 123283 MBO ADVERTISINGEINTERNET DESIGN PO BOX 446 MATTAWANM MI 49071 WEB HOSTING 100600 4 55977 1084173 3793507 149052 4933657 ALUMNI PROGRAM 900099 1695 1695 1695 1724632 1724632 42765739 41936411 829328 829328 829328 7489312 1695 0 2553960 16158707 16158707 189605 56881 56881 75843 885591 483416 36842 365333 48600 26728 1813 20059 130825 69942 6988 53895 76729 38955 6270 31504 1727 877 141 709 15308 7772 1251 6285 200290 100145 100145 162865 82686 13309 66870 201237 102168 16444 82625 85933 43628 7021 35284 4801 2437 392 1972 56933 27297 4767 24869 9575 4862 782 3931 32993 16751 2696 13546 28204 14319 2305 11580 16011 8129 1308 6574 STUDENT EVENTS 265737 134913 21716 109108 DUES/SUBSCRIPTIONS 78106 39654 6383 32069 ADMIN FEE 70000 35539 5720 28741 PROF DEV 4233 2149 346 1738 18724010 17457955 293520 972535 5841598 1744195 6337319 2071558 60752090 55942369 71051 67058 403662 118729 218329 284933 42889856 44897014 116110243 105007127 166656 136678 407104 700450 573760 837128 X 54684393 48009620 60852090 56160379 115536483 104169999 116110243 105007127 X -11234698 -281357 149571 X X 0 1 X 1 0 X X X 1 THE PGH FDN 250965466 8 1 18724010 0 1 18724010 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8097 6987 1110 395565 111742 283823 284933 X 7007665 -281357 -281357 7289022 200290 200290 7489312 18374149 0 18374149 200290 149571 349861 18724010 PART X, LINE 2: THE PROMISE ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WHICH PROVIDES CRITERIA FOR THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE REQUIRES THAT AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED ONLY IF IT IS MORE LIKELY THAN NOT THAT THE POSITION IS NOT SUSTAINABLE BASED ON ITS TECHNICAL MERITS. RECOGNIZABLE TAX POSITIONS SHOULD THEN BE MEASURED TO DETERMINE THE AMOUNT OF BENEFIT OR LIABILITY RECOGNIZED IN THE FINANCIAL STATEMENTS. THE PROMISE FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS, AND NO RETURNS ARE CURRENTLY UNDER EXAMINATION. THE STATUTE OF LIMITATIONS ON THE PROMISE'S U.S. FEDERAL TAX RETURNS REMAINS OPEN FOR THE YEARS ENDED DECEMBER 31, 2011 THROUGH THE PRESENT. THE PROMISE CONTINUES TO EVALUATE ITS TAX POSITIONS PURSUANT TO THE PRINCIPLES OF FASB GUIDANCE AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE PROMISE'S FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP CANCELLATIONS/REFUNDS 149,571. 1 EDUCATIONAL SCHOLARSHIPS 2409 16158707 0 N/A N/A PART I, LINE 2: ON BEHALF OF THE ENROLLED PROMISE SCHOLARSHIP RECIPIENTS, THE SCHOOL SENDS AN INVOICE TO THE FOUNDATION WITH THE NAMES OF THE SCHOLARSHIP AWARDEES AND AMOUNT OF THEIR TUITION AND COSTS. THE PROMISE THEN CALCULATES THEIR CONTRIBUTION AND CREATES THE SCHOLARSHIP RECORD. THE PITTSBURGH FOUNDATION RECEIVES THE LIST OF SCHOLARSHIPS CREATED, FINANCIAL CALCULATIONS AND SCHOOL INVOICES WHICH HAVE BEEN APPROVED BY THE PROMISE DIRECTOR. THE SCHOLARSHIPS ARE THEN CROSS-CHECKED AGAINST THE INVOICES, APPROVED AND POSTED TO THE GENERAL LEDGER. PAYMENT LETTERS AND CHECKS ARE RUN AND MAILED TO THE DESIGNATED SCHOOLS. INITIAL SCHOLARSHIPS HAVE GRADE POINT AVERAGE REQUIREMENTS AND RECIPIENTS MUST HAVE BEEN ENROLLED WITHIN THE PITTSBURGH PUBLIC SCHOOL SYSTEM. SUBSEQUENT YEAR SCHOLARSHIP PAYMENTS ARE CALCULATED BASED ON EVIDENCE OF RECIPIENTS SATISFYING THE MINIMUM GPA REQUIREMENTS. X X X 0 0 0 0 0 0 0 1 0 SALEEM GHUBRIL EXECUTIVE DIRECTOR 152149 0 10000 0 604 0 9888 0 16963 0 189604 0 0 0 X 3 149052 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: MAX KING, ANNE LEWIS, DAVID MALONE AND EDITH SHAPIRA. FAMILY RELATIONSHIP: EDITH SHAPIRA, DAVID AND CINDY SHAPIRA. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST 2/3 OF THE TRUSTEES WILL BE APPOINTED BY THE PITTSBURGH FOUNDATION BOARD OF DIRECTORS. EX-OFFICIO TRUSTEES INCLUDE THE SUPERINTENDENT OF THE PITTSBURGH PUBLIC SCHOOLS, THE MAYOR OF THE CITY OF PITTSBURGH, AND A REPRESENTATIVE OF THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER APPOINTED BY THE CHIEF EXECUTIVE OFFICER OF UPMC. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE OF THE PITTSBURGH FOUNDATION IS CHARGED WITH THE RESPONSIBILITY OF REVIEWING THE FORMS 990 ON BEHALF OF ALL SUPPORTING ORGANIZATIONS AND EXECUTES THIS RESPONSIBILITY PRIOR TO THE FILING OF THE RETURNS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S FORM 990 IS REVIEWED INTERNALLY BY THE PROMISE'S EXECUTIVE DIRECTOR AND THE PITTSBURGH FOUNDATION'S VP OF FINANCE AND INVESTMENTS. A COMPLETE COPY OF THE RETURN IS PROVIDED TO ALL THE ORGANIZATION'S BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE PITTSBURGH PROMISE FOUNDATION ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY. THE TRUSTEES OF THE PITTSBURGH PROMISE FOUNDATION ARE REQUIRED UNDER THE TERMS OF THE POLICY TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST IN CONNECTION WITH ANY FINANCIAL TRANSACTION BROUGHT BEFORE THE BOARD. BOARD MINUTES CLEARLY REFLECT THE RESOLUTION OF THE PERCEIVED AND/OR ACTUAL CONFLICT IN ACCORDANCE WITH THE POLICY'S PROVISIONS. FOR EXAMPLE, IF A TRUSTEE SERVES ON THE BOARD OF ANY GRANT RECIPIENT, THIS FACT IS DISCLOSED AND VETTED IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINES 13 AND 14: THE PITTSBURGH FOUNDATION PERFORMS RECORDKEEPING AND OTHER SUPPORT SERVICES FOR ITS SUPPORTING ORGANIZATION, THE PITTSBURGH PROMISE FOUNDATION. THESE SERVICES ARE PERFORMED IN ACCORDANCE WITH INTERNAL CONTROL AND POLICIES AND PROCEDURES THAT GOVERN ALL OPERATIONAL ACTIVITIES OF THE PITTSBURGH FOUNDATION. ACCORDINGLY, THE OPERATIONAL ACTIVITIES OF THE PITTSBURGH PROMISE FOUNDATION ARE GOVERNED BY THE FOLLOWING POLICIES AND PROCEDURES OF THE PITTSBURGH FOUNDATION: DOCUMENT DESTRUCTION POLICY, WHISTLEBLOWER POLICY, AND PROCESS FOR DETERMINING COMPENSATION WHEN APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED AND APPROVED BY THE PITTSBURGH PROMISE'S BOARD OF DIRECTORS. ANNUALLY THE EXECUTIVE DIRECTOR RECEIVES A WRITTEN PERFOMANCE EVALUATION FROM THE EXECUTIVE COMMITTEE. THE HR DEPARTMENT OF THE PITTSBURGH FOUNDATION PREPARES BENCHMARK AND COMPARABLE COMPENSATION DATA FOR SIMILAR POSITIONS FROM SIMILAR ORGANIZATIONS AND THE BOARD CHAIR RECOMMENDS CHANGES TO THE EXECUTIVE DIRECTOR'S BASE SALARY. FOR ALL OTHER EMPLOYEES, THE EXECUTIVE DIRECTOR EVALUATES THE POSITION DESCRIPTION AND ESTABLISHES A SALARY RANGE FOR EVERY JOB GRADE. THE SALARY RANGE IS DETERMINED BY BENCHMARKING AND COMPARING SALARY INFORMATION FOR SIMILAR POSITIONS FROM SIMILAR ORGANIZATIONS. A SALARY STRUCTURE IS THEN DETERMINED USING SALARY RANGES DEVELOPED FROM THE INFORMATION ESTABLISHED ABOVE. THE HR DIRECTOR REVIEWS ALL SALARY STRUCTURES ANNUALLY AND RECOMMENDS ADJUSTMENTS TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR THEN SETS SALARIES WHICH ARE SUBSEQUENTLY APPROVED BY THE BOARD ALONG WITH THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE IN THE OFFICES OF THE PITTSBURGH FOUNDATION AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 1A, SECTION A, GOVERNING BODY AND MANAGEMENT: A MARRIED COUPLE, DAVID AND CINDY SHAPIRA, SERVE ON THE BOARD. THE COUPLE HAS ONE VOTE. FORM 990, PART XI, LINE 9: SCHOLARSHIP CANCELLATIONS/REFUNDS 149,571. FORM 990, PART XII, LINE 2C, FINANCIAL STATEMENTS AND REPORTING: THE AUDIT COMMITTEE OF THE PITTSBURGH FOUNDATION, AS PART OF ITS SHARED SERVICES ARRANGEMENT WITH THE PITTSBURGH PROMISE FOUNDATION, ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS OF THE PITTSBURGH PROMISE FOUNDATION AS WELL AS THE SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE PITTSBURGH FOUNDATION 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 250965466 COMMUNITY FOUNDATION PA 501(C)(3) LINE 8 0 CHARLES E KAUFMAN FOUNDATION 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 611488948 SUPPORTING ORGANIZATION OF THE PITTSBURGH FOUNDATION PA 501(C)(3) LINE 11A, I THE PITTSBURGH FOUNDATION 0 PITTSBURGH PARTNERSHIP FOR NEIGHBORHOOD DEVELOPMENT 425 SIXTH AVE PITTSBURGH PA 15219 251578436 TO INVEST IN COMMUNITY-BASED EFFORTS TO REVITALIZE DISTRESSED COMMUNITIES PA 501(C)(3) LINE 11A, I THE PITTSBURGH FOUNDATION 0 THE FORBES FUND 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 251418095 SUPPORTING ORGANIZATION OF THE PITTSBURGH FOUNDATION PA 501(C)(3) LINE 11A, I THE PITTSBURGH FOUNDATION 0 THE JACK G BUNCHER CHARITABLE FUND FOR THE PITTSBURGH FDN 5 PPG PLACE SUITE 250 PITTSBURGH PA 15222 204393147 SUPPORTING ORGANIZATION OF THE PITTSBURGH FOUNDATION PA 501(C)(3) LINE 11A, I THE PITTSBURGH FOUNDATION 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0