Pittsburgh Three Rivers Marathon Inc
- Assets
- $3.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Pittsburgh, PA
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-2524046
Organization Overview
Pittsburgh Three Rivers Marathon Inc, operating under the name P3r, is located in Pittsburgh, PA. The organization was established in 2009. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, P3r employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P3r 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 06/2021, P3r generated $3.8m 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 (6.3%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. 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
PITTSBURGH THREE RIVERS MARATHON, INC. (P3R) IS THE ENGINE BEHIND PITTSBURGH'S GREATEST RACES. P3R STRIVES TO INSPIRE ANY AND ALL TO RUN AND MOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PITTSBURGH THREE RIVERS MARATHON HOSTED, THROUGH BOTH DIRECTLY ORGANIZING OR PARTNERING WITH OTHER ORGANIZATIONS, A TOTAL OF 15 EVENTS IN FISCAL YEAR 2021, SERVING MORE THAN 30,000 RUNNERS, INCLUDING 5,000 YOUTH. IN 2021, $317,000 WAS RAISED FOR CHARITY PARTNERS.DUE TO COVID-19, STATE AND LOCAL RESTRICTIONS HAVE REQUIRED PITTSBURGH THREE RIVERS MARATHON, INC. (P3R) TO CANCEL LIVE EVENTS SINCE MID-MARCH 2020. AS SUCH, P3R HAS BEEN ENGAGING ITS RUNNERS MAINLY THROUGH VIRTUAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Schooley CEO | Officer | 40 | $250,577 |
Daniel Monhemius Director Of Finance | Officer | 40 | $122,827 |
Allison Corbett Svp, Marketing & Communications | 40 | $114,873 | |
Caroline Fitzgerald Vp, Partnerships & Runner Experience | 40 | $111,200 | |
James Isler Bod Vice President | OfficerTrustee | 1 | $0 |
David Roger Bod President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Pittsburgh Police/public Works/ems | 6/29/20 | $270,334 |
Dmse Inc Event Consulting | 6/29/20 | $141,000 |
City Of Pittsburgh Police/public Works/ems | 6/29/20 | $270,334 |
Lakeshore Athletic Services Timing Services | 6/29/20 | $107,964 |
Dmse Inc Event Consulting | 6/29/20 | $141,000 |
Lakeshore Athletic Services Timing Services | 6/29/20 | $107,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $335,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $773,833 |
| Noncash contributions included in lines 1a–1f | $330,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,109,733 |
| Total Program Service Revenue | $2,631,727 |
| Investment income | $14,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,365 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,765 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,806,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,909 |
| 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. | $243,654 |
| Compensation of current officers, directors, key employees. | $109,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,305,104 |
| Pension plan accruals and contributions | $46,738 |
| Other employee benefits | $77,695 |
| Payroll taxes | $114,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,213 |
| Fees for services: Accounting | $18,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $309,048 |
| Advertising and promotion | $262,874 |
| Office expenses | $3,927 |
| Information technology | $31,315 |
| Royalties | $0 |
| Occupancy | $118,404 |
| Travel | $1,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,315 |
| Insurance | $83,909 |
| All other expenses | $20,067 |
| Total functional expenses | $3,573,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,281 |
| Savings and temporary cash investments | $750,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,301,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $262,197 |
| Net Land, buildings, and equipment | $232,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,549,532 |
| Accounts payable and accrued expenses | $549,421 |
| Grants payable | $0 |
| Deferred revenue | $405,269 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $954,690 |
| Net assets without donor restrictions | $2,594,842 |
| Net assets with donor restrictions | $0 |
| 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 | $3,549,532 |
Grants Awarded
Over the last fiscal year, Pittsburgh Three Rivers Marathon Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC SAFETY SUPPORT TRUST FUND PURPOSE: GRANT TO SUPPORT THE PUBLIC SAFETY DEPARTMENT EFFORTS AFTER TRAGEDY AT TREE OF LIFE SYNAGOGUE | $17,500 |
Pittsburgh, PA PURPOSE: GRANT TO SUPPORT THE JEWISH COMMUNITY AFTER TRAGEDY AT TREE OF LIFE SYNAGOGUE | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pittsburgh Three Rivers Marathon Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
James Francis Mccaudless Charitable Tr 9099 2 Pittsburgh, PA PURPOSE: KIDS OF STEEL | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Major League Baseball Youth Foundation New York, NY | $13,010,715 | $5,223,219 |
Baldwin Emergency Medical Service Pittsburgh, PA | $3,805,310 | $3,984,374 |
Babe Ruth League Inc Hamilton, NJ | $13,342,354 | $4,098,031 |
Pittsburgh Three Rivers Marathon Inc Pittsburgh, PA | $3,549,532 | $3,806,189 |
Mlb-Mlbpa Youth Development Foundation New York, NY | $18,472,845 | $3,947,682 |
Pitch In For Baseball Harleysville, PA | $4,184,425 | $3,556,948 |
Bethesda Chevy Chase Baseball Inc Rockville, MD | $2,986,750 | $2,109,700 |
303 Development Foundation Corp Staten Island, NY | $4,791,074 | $2,443,003 |
Delmarva Aces Baseball And Softball Inc Berlin, MD | $594,594 | $1,723,198 |
Pony Baseball Inc Washington, PA | $2,680,551 | $1,084,013 |
Galloway Baseball Club Grove City, OH | $587,768 | $1,108,995 |
Berliner Action Team For Sports Columbus, OH | $435,439 | $540,761 |