Pittsburgh Promise Foundation

Pittsburgh Promise Foundation Overview

Pittsburgh Promise Foundation is located in Pittsburgh, PA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Pittsburgh Promise Foundation employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Pittsburgh Promise Foundation generated $8.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $12.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE PITTSBURGH FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED 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 PRIVATE SOURCES, INCLUDING FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS.OUR VISION: WE ENVISION A FUTURE WHERE ALL OUR URBAN YOUTH ARE EQUIPPED TO REACH POST-SECONDARY SUCCESS, OUR PUBLIC SCHOOLS SERVE ALL CHILDREN EXCELLENTLY, OUR CITY IS FLOURISHING IN ALL ITS NEIGHBORHOODS, AND OUR WORKFORCE IS WIDELY DIVERSE AND HIGHLY SKILLED TO ADVANCE A REGION THAT IS GOOD AND JUST FOR ALL.OUR GUIDING PRINCIPLES:-EQUITY AND INCLUSION: WE ARE COMMITTED TO EDUCATIONAL, ECONOMINC, RACIAL, SOCIAL, AND CULTURAL EQUITY AD INCLUSION.-EXCELLENCE: WE CONDUCT OUR WORK WITH URGENCY, STEWARD OUR RESOURCES PRUDENTLY, AND APPLY THE HIGHEST STANDARDS OF PROFESSIONALISM.-INTEGRITY: WE DEMONSTRATE ACCOUNTABILITY TO OUR STUDENTS, FAMILIES, AND COMMUNITY PARTNERS BY PERFORMING OUR WORK WITH TRANSPARENCY, DISCIPLINE, AND COMPASSION.-IMPACT: WE REGULARLY EVALUATE OUR IMPACT AND USE DATA AND RESEARCH TO GUIDE OUR DECISION-MAKING.-COMMITMENT: WE ARE DRIVEN BY A PASSION FOR OUR VISION AND MISSION AND A BELIEF THAT OUR WORK STRENGTHENS THE REGION, INSPIRES SYSTEMIC CHANGE, AND TRANSFORMS LIVES.THE PITTSBURGH PROMISE CONDUCTS OUTREACH IN ALL PITTSBURGH PUBLIC HIGH SCHOOLS AND ITS CHARTERS IN AN EFFORT TO CULTIVATE RELATIONSHIPS AND PROMOTE ACHIEVEMENT.AS OF JUNE 2021, THE PITTSBURGH PROMISE'S RESULTS INCLUDE THE FOLLOWING: -MORE THAN 10,133 STUDENTS RECEIVED $154.7 MILLION IN PROMISE SCHOLARSHIPS;-THEY ATTENDED 141 POST-SECONDARY INSTITUTIONS ACROSS PENNSYLVANIA;-MORE THAN 3,683 STUDENTS HAVE GRADUATED WITH A POST-SECONDARY DEGREE OR CERTIFICATION;-PROMISE ALUMNI ARE WORKING AND CONTRIBUTING TO MORE THAN 650 ORGANIZATIONS IN OUR REGION.


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Pittsburgh Promise Foundation Board, Officers & Key Employees

Name (title)Compensation
Saleem Ghubril
Executive Director
$186,634
Shelley Scherer
Associate Executive Director
$115,308
Marsha Kolbe
Director Of Development
$104,813
Franco Harris
Chair
$0
Debra Kline Demchak
Secretary
$0
Anne Lewis
Vice Chair
$0

Pittsburgh Promise Foundation Vendors

Vendor Name (Service)Compensation
Pnc Bank
Investment Fees
$151,112
Broudy Printing
Printing
$115,378
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$62,090
Membership dues$0
Fundraising events$0
Related organizations$623,150
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,037,568
Noncash contributions included in lines 1a–1f $86,408
Total Revenue from Contributions, Gifts, Grants & Similar$4,722,808
Total Program Service Revenue$0
Investment income $881,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,407,222
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,011,763

Pittsburgh Promise Foundation Grants Recieved

Over the last fiscal year, we have identified 2 grants that Pittsburgh Promise Foundation has recieved totaling $73,951.

Awarding OrganizationAmount
The United Way Of Southwestern Pennsylvania

Pittsburgh, PA

PURPOSE: Donor Designation PR

$62,090
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,861
View Grant Recipient Profile

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