Nonprofits›Ridc Southwestern Pennsylvania Growth Fund

Ridc Southwestern Pennsylvania Growth Fund

PITTSBURGH, PA

Website

Total revenue

$5.0M

Total expenses

$9.7M

Net assets

—

Grants received

$11.3M

13 grants

EIN

251603768

Tax year

2024

Mission

Operated exclusively for charitable, scientific testing for public safety, literary, educational training, community development, community conservatism, and other public service purposes permitted within the scope of section 501(c)(3) of the internal revenue code of 1986, as amended.

Financials

FY 2024

Revenue

Contributions & grants$1.5M
Program service revenue$2.9M
Investment income$541K
Other revenue$25K
Total revenue$5.0M

Expenses

Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$9.7M
Total expenses$9.7M
Total assets$126.8M
Net assets—

People

17 listed

NameRoleCompensation

SMITH DONALD F JR

PRESIDENT

Board

$645K

4 hrs/wk

WHITE TIMOTHY F

SENIOR VP - DEVELOPMENT

Board

$403K

4 hrs/wk

GOLDSTROM MICHAEL

SENIOR VP - REAL ESTATE

Board

$332K

4 hrs/wk

HOBBES JASON W

CORPORATE SECRETARY

Board

$231K

4 hrs/wk

KURTA MARIAN D

TREASURER

Board

$138K

4 hrs/wk

MCNULTY TIMOTHY P

DIRECTOR/ VICE CHAIRMAN

Board

—

0.5 hrs/wk

HUNT WILLIAM

DIRECTOR/VICE CHAIRMAN

Board

—

0.5 hrs/wk

MONDI PATRICK

DIRECTOR

Board

—

0.5 hrs/wk

STEPHENSON SAMUEL J

CHAIRMAN/DIRECTOR

Board

—

0.5 hrs/wk

RUSSO AUDREY

DIRECTOR

Board

—

0.5 hrs/wk

KURTZROCK MARK JAY

DIRECTOR

Board

—

0.5 hrs/wk

GIOVANNITTI JENNIFER

DIRECTOR

Board

—

0.5 hrs/wk

PINELLI CHRISTOPHER

DIRECTOR, PROPERTY MGMT

Staff

$186K

4 hrs/wk

COOPER JENI

DIRECTOR OF COMMUNITY INVE

Staff

$172K

4 hrs/wk

HEINRICHER MICHAEL

DIRECTOR, ASSET MANAGEMENT

Staff

$172K

4 hrs/wk

MILLER KEITH

DIRECTOR OF SITE DEVELOPME

Staff

$158K

4 hrs/wk

BUECHLI JOHN

SENIOR CONSTRUCTION MANAGE

Staff

$152K

4 hrs/wk

Independent contractors

ALBERT HIGLEY CO LLC

CONSTRUCTION SERVICES

$4.3M

P J DICK INC

CONSTRUCTION SERVICES

$4.2M

MELE & MELE & SONS INC

CONSTRUCTION SERVICES

$970K

NEXT ARCHITECTURE

ARCHITECTURE SERVICES

$312K

ST MORITZ BUILDING SERVICES INC

CLEANING SERVICES

$182K

Grants received

Showing 13 of 13

FromAmountPurposeYear
RIDC MILL 19B
$1.1M
GENERAL OPERATING USE
2024
RIDC MILL 19B
$1.3M
GENERAL OPERATING USE
2023
RIDC LTC 48
$150K
GENERAL OPERATING USE
2023
THE HEINZ ENDOWMENTS
$50K
TO ANALYZE AND PLAN FOR CREATING OPPORTUNITIES FOR CLEAN TECHNOLOGY MANUFACTURING OPERATIONS AND THE NECESSARY DOWNSTREAM COMPANIES THAT SUPPORT THE CLEAN TECHNOLOGY INDUSTRY IN THE MON VALLEY
2023
RICHARD KING MELLON FOUNDATION
$2.9M
TO REDEVELOP THE FORMER ALCOA INDUSTRIAL FACILITY IN NEW KENSINGTON FOR RE: BUILD MANUFACTURING
2022
REGIONAL ECONOMIC DEVELOPMENT
$2.1M
REDEVELOPMENT OF THE FORMER ALCOA INDUSTRIAL FACILITY
2022
RIDC LTC 48
$685K
GENERAL OPERATING USE
2022
RIDC MILL 19B
$310K
GENERAL OPERATING USE
2022
RIDC MILL 19A
$245K
GENERAL OPERATING USE
2022
RICHARD KING MELLON FOUNDATION
$150K
TO PRODUCE A DETAILED PLAN AND BUDGET FOR IMPLEMENTING THE STRATEGIES RECOMMENDED BY THE PGH AUTONOMY REPORT
2021
RIDC MILL 19A
$1.5M
GENERAL OPERATING USE
2020
RIDC LTC 48
$500K
GENERAL OPERATING USE
2020
RICHARD KING MELLON FOUNDATION
$300K
TO CONDUCT AN ECONOMIC ANALYSIS OF THE GROWING AUTONOMOUS VEHICLE SECTOR IN SOUTHWESTERN PENNSYLVANIA TO UNDERSTAND ITS CURRENT AND POTENTIAL FUTURE CONTRIBUTIONS TO THE REGION
2020

Funded by

$11.3M from 6 funders · 13 grants · 2020–2024

Richard King Mellon Foundation

$3.4M · 3 grants · 2020–2022

Ridc Mill 19B

$2.7M · 3 grants · 2022–2024

Regional Economic Development

$2.1M · 1 grant · 2022

Ridc Mill 19A

$1.7M · 2 grants · 2020–2022

Ridc Ltc 48

$1.3M · 3 grants · 2020–2023

The Heinz Endowments

$50K · 1 grant · 2023

Details

EIN251603768
Subsection03
Ruling date1989-10
Formed1989
Employees0
Volunteers0
RIDC SOUTHWESTERN PENNSYLVANIA GROWTH FUND — Mission, Financials & Grants Received | Grantivo