2022-03-04T13:59:05-06:00 2021-08-31 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2020-09-01 461691722 FORTYX80 INC FORT 4126872700 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 AUDREY RUSSO PRESIDENT AND CEO 4126872700 2022-02-09 1 AUDREY RUSSO 999009999 CATHLEEN S LORENZ P00063640 8002291099 2022-02-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z FKA PTC TECHCELERATE INC AUDREY RUSSO 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 217397 0 X WWW.FORTYX80.ORG X 2012 PA TO CATAPULT THE GROWTH OF ENTREPRENEURS ACROSS SOUTHWESTERN PENNSYLVANIA. 2 2 0 2 0 0 115227 217397 0 0 0 0 6757 0 121984 217397 0 0 0 0 98544 111348 0 0 5423 74343 81678 172887 193026 -50903 24371 196040 287620 53826 121038 142214 166582 X TO CATAPULT THE GROWTH OF ENTREPRENEURS ACROSS SOUTHWESTERN PENNSYLVANIA (SWPA). THIS IS ACCOMPLISHED BY STRENGTHENING THE REGION'S ENTREPRENEURIAL FRAMEWORK THROUGH INCREASED ACCESS TO CAPITAL, EDUCATIONAL PROGRAMMING, AND PROMOTING SWPA GLOBALLY AS A PREMIER LOCATION FOR START-UPS, TALENT, AND TECHNOLOGY. 1 0 113580 SUPPORT EDUCATION AND TRAINING AT SECONDARY, VOCATIONAL AND HIGHER EDUCATION INSTITUTIONS, AND BY PROVIDING TECHNICAL ASSISTANCE AND EDUCATION SERVICES TO POTENTIAL AND EARLY STAGE ENTREPRENEURS. 40192 AN IT APPRENTICESHIP PROGRAM THAT IS DESIGNED TO ELIMINATE THE BARRIERS COMMONLY FACED BY TECH INTERESTED INDIVIDUALS FROM UNDERREPRESENTED GROUPS AS WELL AS GIVE EMPLOYERS ACCESS TO A WIDER, MORE DIVERSE TALENT BASE. 153772 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA X ALBERT GUSKY 4126872700 100 S COMMONS SUITE 172 PITTSBURGH PA 15122 JOHN FRIEL BOARD CHAIRMAN 1.00 X X 0 0 0 MARK KURTZROCK BOARD MEMBER 1.00 X 0 0 0 AUDREY RUSSO PRESIDENT & CEO 14.00 26.00 X 0 292540 12457 ALBERT GUSKY DIRECTOR OF FINANCE 5.00 35.00 X 0 141370 15669 MARIA FATTORE DIR. OF GROWTH CAPITAL UNT 25.00 X 0 41480 1118 0 475390 29244 0 0 1 0 0 31097 186300 217397 0 31097 0 0 217397 0 0 0 45332 33591 9928 1813 56798 42088 12438 2272 1953 1447 428 78 7265 5383 1591 291 10289 8036 2253 121 95 26 2942 2298 644 828 414 414 3446 2691 755 EVENT MANAGEMENT 48454 45547 1938 969 DUES & SUBSCRIPTIONS 14473 11304 3169 COMMUNITY SUPPORT 975 761 214 INCOME TAX 150 117 33 193026 153772 33831 5423 168848 272420 14000 13700 13192 1500 1090 1090 0 0 196040 287620 1220 7918 9392 73018 43214 40102 53826 121038 X 102599 44494 39615 122088 142214 166582 196040 287620 X 24371 -3 X X 0 1 X 1 0 X 189335 451506 54819 115227 217397 1028284 189335 451506 54819 115227 217397 1028284 504384 523900 6000 4029 1706 6757 18492 1046776 0.50050 0.44840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLENOUS - 2016 AMOUNT: $ 6,000. 2017 AMOUNT: $ 4,029. 2018 AMOUNT: $ 1,706. 2019 AMOUNT: $ 6,757. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1090 1090 0 0 DUE TO PTC 40102 40102 X 217397 0 217397 0 217397 193026 0 193026 0 193026 PART X, LINE 2: THE ORGANIZATION RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (GAAP). AS OF AND DURING THE YEAR ENDED AUGUST 31, 2021, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. REDCHAIR GALA 31097 31097 31097 31097 0 0 0 0 0 0 0 0 0 AUDREY RUSSO PRESIDENT & CEO 0 287140 0 0 0 5400 0 7124 0 5333 0 304997 0 0 ALBERT GUSKY DIRECTOR OF FINANCE 0 141370 0 0 0 0 0 3647 0 12022 0 157039 0 0 PART 1, LINE 3: DURING THE CURRENT FISCAL YEAR, ALL OFFICERS AND DIRECTORS ARE PAID BY PITTSBURGH TECHNOLOGY COUNCIL, A RELATED ENTITY. FORTYX80 AND THE PITTSBURGH TECHNOLOGY COUNCIL USE AN INDEPENDENT CONSULTANT TO BENCHMARK SALARY RANGES. ALL OFFICER AND DRIECTOR SALARIES ARE APPROVED BY THE BOARD. FORM 990, PART III, LINE 2 FORTYX80 FORMED APPRENTIPGH IN 2021. THIS PROGRAM WILL HELP TO DRIVE WORKFORCE INITIATIVES FOR UNDERREPRESENTED COMMUNITIES SEEKING ENTRY INTO THE TECHNOLOGY INDUSTRY. ITS REGISTERED APPRENTICESHIP PROGRAM PROVIDES EDUCATION AND PLACEMENT SUPPORT VIA SERVICE PROVIDERS TO ELIGIBLE CANDIDATES IN PREPARATION FOR A ONE-YEAR APPRENTICESHIP WITH AN APPRENTI HIRING PARTNER OPERATING IN THE TECHNOLOGY FIELD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S DIRECTOR OF FINANCE AND CEO REVIEW ALL DOCUMENTS PRIOR TO FILING THEM WITH THE IRS. THE BOARD OF DIRECTORS IS PRESENTED THE ORGANIZATION'S PREPARED FORM 990 AT THE FOLLOWING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THE CONFLICT OF INTEREST POLICIES TO BE COMPLETED EACH YEAR. THE CONFLICTS ARE EXAMINED BY MANAGEMENT AND WHERE A CONFLICT EXISTS APPROPRIATE ACTIONS ARE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 ALL THE OFFICERS AND DIRECTORS ARE PAID BY PITTSBURGH TECHNOLOGY COUNCIL, A RELATED ENTITY. FORTYX80 AND THE PITTSBURGH TECHNOLOGY COUNCIL USE AN INDEPENDENT CONSULTANT TO BENCHMARK SALARY RANGES. ALL OFFICER AND DIRECTOR SALARIES ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING ADJUSTMENT FROM PY'S -3. FORM 990, PART XII, LINE 2C: NO PROCESS CHANGED FROM THE PRIOR YEAR. PITTSURGH TECHNOLOGY COUNCIL 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 251437854 TECHNOLOGY PA 501(C)(6) N/A 0 PHTC SERVICES 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 251606394 BENEFITS & HR PA PTC C 0 PA TECH COUNCIL EMPLOYEE BENEFITS TRUST 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 256379437 INSURANCE PA PTC T 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0