2024-01-29T14:22:32-06:00 2023-06-30 251701013 MCCLINTOCK & ASSOCIATES 1370 WASHINGTON PIKE BRIDGEVILLE PA 15017 990 2022-07-01 810903939 PITTSBURGH TECHNICAL INSTITUTE INC PITT 4128095100 1111 MCKEE ROAD OAKDALE PA 15071 STEPHEN LIPPIELLO CFO 4128095100 2024-01-29 1 STEPHEN LIPPIELLO 999009999 0 DAVID B MCCLINTOCK CPA P03090014 4122575980 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PITTSBURGH TECHNICAL COLLEGE INC STEPHEN LIPPIELLO 1111 MCKEE ROAD OAKDALE PA 15071 26983209 0 X PTCOLLEGE.EDU X 2015 PA THE MISSION OF THE INSTITUTION, AS A DEGREE-GRANTING INSTITUTION, IS TO EMPOWER ITS STUDENTS TO SUCCEED IN TODAY'S DYNAMIC WORLD BY INTEGRATING GENERAL STUDIES AND PROFESSIONAL SKILLS INTO A SOUND CAREER-FOCUSED EDUCATION THAT PROVIDES THE LIFE SKILLS NECESSARY FOR STUDENTS TO REALIZE THEIR FULL POTENTIAL AND CAREER GOALS 7 7 242 0 0 0 15372615 1929047 21969173 18244797 -859334 523353 3275395 3173659 39757849 23870856 8397287 3079696 0 0 19335793 17332532 0 0 0 12513336 11472883 40246416 31885111 -488567 -8014255 54702740 44534994 44127343 41980541 10575397 2554453 X THE MISSION OF THE INSTITUTION, AS A DEGREE-GRANTING INSTITUTION, IS TO EMPOWER ITS STUDENTS TO SUCEED IN TODAY'S DYNAMIC WORLD BY INTEGRATING GENERAL STUDIES AND PROFESSIONAL SKILLS INTO A SOUND CAREER-FOCUSED EDUCATION THAT PROVIDES THE LIFE SKILLS NECESSARY FOR STUDENTS TO REALIZE THEIR FULL POTENTIAL AND CAREER GOALS 0 0 22080511 3079696 21451386 PITTSBURGH TECHNICAL COLLEGE (PTC) OPERATES A DEGREE-GRANTING POSTSECONDARY INSTITUTION THAT WILL EMPOWER STUDENTS TO SUCCEED IN TODAY'S DYNAMIC WORLD BY INTEGRATING GENERAL STUDIES AND PROFESSIONAL SKILLS INTO A SOUND CAREER-FOCUSED EDUCATION THAT PROVIDES THE LIFE SKILLS NECESSARY FOR STUDENTS TO REALIZE THEIR FULL POTENTIAL AND CAREER GOALS. 22080511 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 242 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X STEPHEN LIPPIELLO 4128095120 1111 MCKEE ROAD OAKDALE PA 15071 DR ALICIA HARVEY-SMITH PRESIDENT/EX-OFFICIO MEMBE 40.00 X X 355644 0 14145 DR PATRICIA GREY CHAIR 1.00 X 0 0 0 HAROLD L MALEY TRUSTEE 1.00 X 0 0 0 CHARLES EVANOSKI TRUSTEE 1.00 X 0 0 0 ELI SHORAK TRUSTEE 1.00 X 0 0 0 CARLA M RYBA TRUSTEE 1.00 X 0 0 0 MICHAEL YURISIC TRUSTEE 1.00 X 0 0 0 MICHARL MARR TRUSTEE 1.00 X 0 0 0 JEFFREY T SARABOK TRUSTEE 1.00 X 0 0 0 VALERIE KEYS TRUSTEE 1.00 X 0 0 0 CONSTANCE VAN CAMP SECRETARY/TREASURER 40.00 X 86424 0 20808 STEPHEN LIPIELLO VICE PRESIDENT / CFO 40.00 X 16128 0 0 BARRY SHEPARD VP MARKETING & COMMUNICATI 40.00 X 176546 0 37301 MARSHA LINDSAY CHIEF DIVERSITY OFFICER 40.00 X 127328 0 6450 JILL BITTEL ASSOCIATE VP, STUDENT FS 40.00 X 118744 0 13357 SUNJAY BALI EXECUTIVE DIRECTOR CORPORATE COLLEGE 40.00 X 108907 0 15936 KAITLIN COBOURNE ACADEMIC CHAIR, SCHOOL NURSING 40.00 X 109679 0 4387 MICHAEL HODDER FACULTY-ASSISTANT PROFESSOR IT 40.00 X 109748 0 30982 DAWN MAIDA EXECUTIVE DIRECTOR OF BUDGET 40.00 X 110400 0 21401 JACOB MUTH FACULTY - ASSOCIATE PROFESSOR 40.00 X 100844 0 4034 JAY CLAYTON FORMER VICE PRESIDENT / CFO 40.00 X 123810 0 20443 1544202 0 189244 17 1 1 0 RUFFALO NOEL LEVITZ PO BOX 718 DESMOINES IA 50303 EDUCATIONAL CONSULTANT 660153 ECAMPUS 2373 PALUMBO DRIVE LEXINGTON KY 40509 BOOK STORE 467152 DTK CONSULTING PO BOX 43 SYBERTSVILLE PA 18251 CONSULTING 104880 3 65205 1776723 87119 1929047 SCHOOL INCOME 611519 18160624 18160624 84173 84173 18244797 478652 478652 1835421 1794316 -3596 41105 3596 44701 44701 0 65205 32930 -32930 -32930 1362963 1288703 74260 74260 AUXILLARY SERVICE - DORMITORIES 721310 2830030 2830030 AUXILLARY SERVICE - FOOD SERVICE 900099 302299 302299 3132329 23870856 21451386 0 490423 3079696 3079696 547340 399558 147782 12882600 9090455 3792145 427804 312297 115507 2356380 1534525 821855 1118408 816438 301970 63535 63535 119450 119450 481 481 56978 51838 5140 271883 229990 41893 1159314 473538 685776 46971 12129 34842 3921 2512 1409 1851590 1351661 499929 2472748 1805106 667642 329827 850 328977 MARKETNG 1250984 1248409 2575 CONSULTING 1069045 752407 316638 MATERIALS AND SUPPLIES 733329 261043 472286 FOOD SERVICE 451769 252 451517 1591058 657807 933251 31885111 22080511 9804600 0 X 11798331 8003805 5000 0 4169032 450156 462138 272806 181852 246233 47391446 13468995 35966460 33922451 1328297 1146888 0 0 0 791630 492655 54702740 44534994 3235389 2104330 1026680 724673 38887384 38177764 375263 637989 602627 335785 44127343 41980541 X 10464003 2355249 111394 199204 10575397 2554453 54702740 44534994 -8014255 -6689 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20000 20000 0 PART II-B, LINE 1: THE COLLEGE HIRED ALLEGHENY STRATEGY PARTNERS AS ITS LOBBYIST TO WORK WITH STATE AND FEDERAL LEGISLATORS IN SECURING WORKFORCE DEVELOPMENT RELATED FUNDING. THE COLLEGE'S GOAL IS TO SECURE A DEDICATED FUNDING LINE ITEM IN THE STATE'S BUDGET THAT WILL PROVIDE OPERATING ASSISTANCE. THE COLLEGE CONTINUES ITS PURSUIT OF STATE FUNDING THROUGH ITS LOBBYIST. SEVERAL PROMINENT MEMBERS OF THE STATE'S ADMINISTRATION HAVE VISITED THE COLLEGE AND HAVE OFFERED THEIR SUPPORT TO THE COLLEGE'S MISSION AND WORKFORCE DEVELOPMENT TRAINING. 1660000 1660000 41951840 11513450 30438390 3692276 1955545 1736731 87330 87330 33922451 LEASE LIABILITY - OPERATING 327765 FINANCE LEASE LIABILITY 8020 335785 21730330 -6689 -2133837 -2140526 23870856 0 23870856 29751274 532128 532128 29219146 2665965 2665965 31885111 PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST REVENUE -2,665,965. FUNDRAISING EXPENSES 32,930. COST OF GOODS SOLD 499,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 32,930. COST OF GOODS SOLD 499,198. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS NETTED AGAINST REVENUE 2,665,965. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICIES ARE STATED IN ALL NEWSPAPER ADS, BROADCAST MEDIA AND STUDENT BROCHURES. SCHEDULE E, PART I, LINE 6 RECEIVES HEERF GRANTS GOLF OUTING 65205 65205 32930 65205 65205 32930 32930 -32930 1 HEERF GRANTS 894 413731 SCHOLARSHIPS 1071 2665965 X X X X 1 0 0 0 0 0 0 0 0 DR ALICIA HARVEY-SMITH PRESIDENT/EX-OFFICIO MEMBE 355644 0 0 0 0 0 14145 0 0 0 369789 0 0 0 BARRY SHEPARD VP MARKETING & COMMUNICATI 176546 0 0 0 0 0 0 0 37301 0 213847 0 0 0 JAY CLAYTON FORMER VICE PRESIDENT / CFO 123810 0 0 0 0 0 4952 0 15491 0 144253 0 0 0 FORM 990, SCHEDULE J, LINE 4A JAY CLAYTON, FORMER VICE PRESIDENT / CFO RECEIVED $7,282 AS SEVERANCE WITH HIS FINAL PAY ON AUGUST 31, 2022. A ALLEGHENY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 251269117 017292XN8 2021-09-23 42500000 TO REFINANCE DEBT, ESTABLISH A DEBT RESERVE FUND,& TERMINATE SWAP AGREEMENT. 0 0 0 A 1550000 40655095 2464894 1102996 37087205 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 PART II - LINE 3 THE TOTAL PROCEEDS OF ISSUE ON SCHEDULE K, PART II LINE 3 ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I, COLUMN (E) DUE TO AN ORIGINAL ISSUE DISCOUNT. PART 1 COLUMN (C) CUSIP #S THERE ARE THREE CUSIP#S AS IT RELATES TO THE SAME BOND ISSUANCE WHICH TOTALS $42,500,000. CUSIP# 017292XN8 - $10,235,000; CUSIP# 017292XP3 - $13,845,000;AND CUSIP# 017292XQ1 - $18,420,000 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A AS TO THE PRESIDENT AND OTHER EXECUTIVE POSITIONS, THE HUMAN RESOURCES DEPARTMENT SURVEYS THE COMPENSATION PACKAGES FOR SIMILARLY PLACED EXECUTIVES, AT SIMILARLY SIZED EDUCATION INSTITUTIONS IN THE REGION, BASED UPON DATA PROVIDED BY CUPA, AND OTHER PROFESSIONAL SOURCES, THE COLLEGE TARGETS ITS COMPENSATION AT APPROXIMATELY THE MIDDLE LEVEL OF THE APPLICABLE RANGE. THE BOARD OF TRUSTEES HAS ENTERED INTO AN EMPLOYMENT AGREEMENT WITH THE NEW PRESIDENT. IT IS A 3-YEAR AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS AND FILINGS REQUIRED BY LAW OR REGULATION TO BE MADE PUBLICLY AVAILABLE ARE PROVIDED UPON REQUEST. FORM 990, PART X, LINE 10A, 10B AND 10C SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UNDER REGULATION 1.263(A)-1(F), THE TAXPAYER HEREBY ELECTS TO APPLY THE DE MINIMIS SAFE HARBOR ELECTION TO ALL QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.