Tie Pittsburgh Inc is located in Pittsburgh, PA. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tie Pittsburgh Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tie Pittsburgh Inc generated $49.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $41.9k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
- WE FORMED TIE PITTSBURGH ANGELS IN JAN 2021 (AS A FOR-PROFIT LLC) TO SUPPORT REGIONAL STARTUPS- WE RAISED OVER $250K AND INVESTED IN OVER 10 STARTUP COMPANIES THROUGH OUR ANGEL PARTNERS- WE SUPPORTED 4 STARTUP COMPANIES IN OUR MENTORING PROGRAM (BUSINESS MENTORING ROUND-TABLE)- WE PARTICIPATED IN THE GLOBAL TIE UNIVERSITY PROGRAM TO SUPPORT STUDENT ENTREPRENEURS.- STUDENTS PARTICIPATED IN A BUSINESS CHALLENGE HACKATHON AND THEN A GLOBAL PITCH COMPETITION TO WIN PRIZES- WE HELD 25 EVENTS THROUGH THE YEAR RELATED TO NETWORKING, MENTORING, FUNDING AND EDUCATION FOR STARTUPS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Atul Bansal Charter Member | 3 | $0 | |
Rajendra Jadhav President Elect | 3 | $0 | |
Ganesh Mani Charter Member | 3 | $0 | |
Ray Milhem Charter Member | 3 | $0 | |
Randy Eager Charter Member | 3 | $0 | |
Ilana Diamond Charter Member | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $27,971 |
Total Program Service Revenue | $198 |
Membership dues | $21,605 |
Investment income | $7 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $49,781 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $31,913 |
Professional fees and other payments to independent contractors | $325 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $9,708 |
Total expenses | $41,946 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $104,616 |
Other assets | $0 |
Total assets | $104,616 |
Total liabilities | $0 |
Net assets or fund balances | $104,616 |