Catalyst Connection
- Assets
- $7.1m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 31
- Location
- Pittsburgh, PA
- Founding
- 05/1984
- Data as of
- 08/2021
- EIN
- 25-1453211
Organization Overview
Catalyst Connection is located in Pittsburgh, PA. The organization was established in 1984. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 08/2021, Catalyst Connection employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Connection is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Catalyst Connection generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $7.3m during the year ending 08/2021. While expenses have increased by 5.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE SOUTHWESTERN PENNSYLVANIA SMALL AND MEDIUM-SIZED MANUFACTURING ECONOMY AND TO SUPPORT AND DEVELOP ADVANCED TECHNOLOGY AND A TRAINED WORKFORCE. THIS IS ACCOMPLISHED THROUGH EDUCATION PROGRAMS, PUBLIC FORUMS, TECHNICAL ADVISORY SERVICES, PUBLICATIONS, AND INTERNSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS- CONDUCT SEMINARS, SPONSOR FORUMS, PROVIDE TECHNICAL ADVISORY SERVICES, PROMOTE SOCIAL WELFARE.THE COVID 19 PANDEMIC HAS AFFECTED OUR OPERATIONS BY REQUIRING A MOVE TO A HYBRID/VIRTUAL ENVIRONMENT. PROGRAM INCOME HAS DECREASED SIGNIFICANTLY WITH PROJECT DELAYS AND WITH OUR HELPING COMPANIES RESPOND TO THE PANDEMIC AND THEIR OWN VIRTUAL ENVIRONMENT WITH ADDITIONAL RESOURCES AND LOW COST/NO COST ASSISTANCE. THIS IS EXPECTED TO BE A TEMPORARY CHANGE.
SMALL MANUFACTURER SUPPLIER INITIATIVES ARE INITIATIVES THAT ASSIST MANUFACTURERS IN ENTERING SUPPLY CHAINS OF LARGER OEMS INCLUDING THE DEPARTMENT OF DEFENSE, MARKET INTRODUCTION (MARCELLUS SHALE), NEW PRODUCT DEVELOPMENT (ADDITIVE AND ROBOTICS), ADOPTING EXPORT (ITAR), AND PROCESS CONTROL TECHNOLOGIES (ISO, KATA), AND MORE.THIS ALSO INCLUDES SHARED SERVICES PROVIDED TO ECONOMIC DEVELOPMENT ORGANIZATIONS FOCUSED ON SUPPORTING SMALL MANUFACTURERS.
WORKFORCE- PROVIDE TRAINING AND EDUCATION THROUGH WORK-BASED SCHOOL TO WORK PROGRAMS, DEVELOP A PROPERLY SKILLED WORKFORCE TO SUPPORT MANUFACTURING AND TECHNOLOGY BASED ENTERPRISES.
MTLF- PROMOTE THE DEVELOPMENT AND DEPLOYEMENT OF ADVANCED TECHNOLOGY IN THE REGIONS THROUGH THE MANUFACTURING TECHNOLOGY LOAN FUND, MON VALLEY MANUFACTURING FUND AND MANUFACTURING GROWTH COOPERATIVE FUND PROGRAMS TO STRENGTHEN AND REVITALIZE THE SOUTHWESTERN PENNSYLVANIA SMALL AND MEDIUM SIZED MANUFACTURING ECONOMY AND LESSEN THE BURDENS OF GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Petra Mitchell President & CEO | Officer | 60 | $243,332 |
Jeanne Straw SVP & CFO | Officer | 60 | $178,755 |
Connie Palucka Managing Director | 50 | $176,288 | |
David Rea Senior Consultant | 50 | $151,751 | |
Craig Wilson Senior Consultant | 50 | $148,298 | |
Eric Macdonald Senior Consultant | 50 | $144,632 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C-leveled Marketing | 8/30/21 | $105,650 |
Henderson Consulting Consulting | 8/30/21 | $102,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,271,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $383,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,655,381 |
| Total Program Service Revenue | $1,468,774 |
| Investment income | $38,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,162,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $432,906 |
| Compensation of current officers, directors, key employees. | $21,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,892,249 |
| Pension plan accruals and contributions | $169,535 |
| Other employee benefits | $264,302 |
| Payroll taxes | $257,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $908 |
| Fees for services: Accounting | $42,579 |
| Fees for services: Lobbying | $29,276 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,153,060 |
| Advertising and promotion | $14,000 |
| Office expenses | $99,349 |
| Information technology | $60,888 |
| Royalties | $0 |
| Occupancy | $385,002 |
| Travel | $73,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,038 |
| Insurance | $39,511 |
| All other expenses | $183,150 |
| Total functional expenses | $7,268,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,703 |
| Savings and temporary cash investments | $3,145,140 |
| Pledges and grants receivable | $239,007 |
| Accounts receivable, net | $1,419,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $414,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,710 |
| Net Land, buildings, and equipment | $1,205,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,094,242 |
| Accounts payable and accrued expenses | $1,023,349 |
| Grants payable | $0 |
| Deferred revenue | $530,947 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $154,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,708,433 |
| Net assets without donor restrictions | $2,884,818 |
| Net assets with donor restrictions | $2,500,991 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,094,242 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Catalyst Connection has recieved totaling $1,957,669.
| Awarding Organization | Amount |
|---|---|
Pa Irc Network Foundation Williamsport, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, MEP KATA IN A BOX, NEAP/CARES, AMTS PROGRAM | $1,277,669 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO ESTABLISH AN ADVANCED MANUFACTURING TRAINING INITIATIVE THAT WILL INCLUDE HANDS ON LEARNING IN ADVANCED TECHNOLOGIES AT MILL 19 AND NEIGHBORHOOD 91 | $250,000 |
Richard King Mellon Foundation Dtd 01-01-47 Pittsburgh, PA PURPOSE: TO ESTABLISH AN ADVANCED MANUFACTURING TRAINING INITIATIVE THAT WILL INCLUDE HANDS ON LEARNING IN ADVANCED TECHNOLOGIES AT MILL 19 AND NEIGHBORHOOD 91 | $250,000 |
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: TO ADVANCE MANUFACTURING EDUCATION AND APPRENTICESHIPS THROUGH SCHOOL-BUSINESS PARTNERSHIPS | $150,000 |
Eqt Foundation Pittsburgh, PA PURPOSE: EDUCATION & WORKFORCE | $20,000 |
Missouri Incutech Foundation Rolla, MO PURPOSE: DEVELOPMENT | $10,000 |
Endowment Analysis
| Beg. Balance | $1,291,748 |
| Earnings | $36,877 |
| Other Expense | $198,290 |
| Ending Balance | $1,130,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovation Works Inc Pittsburgh, PA | $31,593,952 | $8,003,735 |
Catalyst Connection Pittsburgh, PA | $7,094,242 | $7,162,522 |
Military Health Research Foundation Inc Laurel, MD | $1,886,799 | $4,739,548 |
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Mpc Corporation Pittsburgh, PA | $1,237,035 | $2,979,911 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
American Conference Of Governmental Industrial Hygienists Inc Sharonville, OH | $1,119,864 | $2,375,200 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International Microelectronics And Packaging Society Pittsburgh, PA | $1,413,550 | $1,247,201 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |
Alliance For Working Together Foundation Mentor, OH | $1,820,396 | $1,766,564 |