NonprofitsIdea Foundry

Community Improvement & Capacity Building

Idea Foundry

PITTSBURGH, PA

Total revenue

$826K

Total expenses

$979K

Net assets

$1.4M

Grants received

$558K

5 grants

EIN

043587471

Tax year

2024

Mission

To foster innovation, new company creation and job growth in the western pennsylvania area.

Financials

FY 2024

Revenue

Contributions & grants$472K
Program service revenue$257K
Investment income$97K
Other revenue
Total revenue$826K

Expenses

Grants paid
Salaries & benefits$513K
Fundraising$21K
Other expenses$466K
Total expenses$979K
Total assets$1.6M
Net assets$1.4M

People

5 listed

NameRoleCompensation

MICHAEL M MATESIC

DIRECTOR & CEO

Board

$160K

50 hrs/wk

RICHARD K RIEDERER

CHAIRMAN OF THE BOARD

Board

10 hrs/wk

JAMES C STALDER

DIRECTOR

Board

0

PATRICK B STEWART

DIRECTOR & SECRETARY

Board

0

RICHARD DANFORTH

DIRECTOR

Board

0

Grants received

Showing 5 of 5

FromAmountPurposeYear
$1K
Student innovation and entrepreneurship
2024
$247K
GENERAL SUPPORT OF PO-SHEN LOH'S WORK ON NOVID PLATFORM AND FOR EXPII, INC. (EXPII@IDEAFOUNDRY)
2021
$100K
Long-term future fund
2021
$200K
GENERAL USE
2020
$10K
For grant recipient's exempt purposes
2018

Funded by

$558K from 5 funders · 5 grants · 2018–2024

Founders Pledge Inc

$247K · 1 grant · 2021

Tansy Charitable Foundation

$200K · 1 grant · 2020

Tech for Humanity

$1K · 1 grant · 2024

Details

EIN043587471
NTEE codeS30
Subsection03
Ruling date2002-04
Formed2002
Employees4
Volunteers0
IDEA FOUNDRY — Mission, Financials & Grants Received | Grantivo