2019-06-19T10:36:52-05:00 2018-08-31 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2017-09-01 461691722 FORTYX80 INC FORT 4126872700 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 AUDREY RUSSO PRESIDENT AND CEO 4126872700 2019-06-13 1 CATHLEEN S LORENZ P01247672 8002291099 2019-06-13 38.67.199.130 2019-06-13 11:47:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 05E78CA712FF7BADDB430BD16D7E367E8B07753B 2017 2019-02-21 02:37:17Z X FKA PTC TECHCELERATE INC AUDREY RUSSO 100 S COMMONS SUITE 172 PITTSBURGH PA 15212 455535 0 X WWW.FORTYX80.ORG X 2012 PA TO CATAPULT THE GROWTH OF ENTREPRENEURS ACROSS SOUTHWESTERN PENNSYLVANIA. 2 2 1 2 0 0 189335 451506 0 0 0 0 6000 4029 195335 455535 0 0 0 0 108575 21019 0 0 0 217437 151631 326012 172650 -130677 282885 89632 387235 32148 46866 57484 340369 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. 0 0 166188 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. 166188 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 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 1 1 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 15212 JOHN FRIEL BOARD CHAIRMAN 1.50 0.00 X X 0 0 0 MARK KURTZROCK BOARD MEMBER 1.50 0.00 X 0 0 0 KETAKI DESAI DIR. OF GROWTH CAPITAL AS OF 6/18 40.00 0.00 X 0 0 0 AUDREY RUSSO PRESIDENT & CEO 14.00 26.00 X 0 243806 18383 BRIAN KENNEDY SENIOR VP OF OPERATIONS 2.00 38.00 X 0 147082 8825 ALBERT GUSKY DIRECTOR OF FINANCE 5.00 35.00 X 0 116968 18532 0 507856 45740 0 0 1 0 0 451506 451506 MISCELLANEOUS 900099 4029 4029 4029 455535 4029 0 0 X 19441 18713 728 109 105 4 1469 1414 55 21496 20690 806 304 295 9 10 10 481 463 18 91 87 4 1570 1511 59 EVENT MANAGEMENT 126800 122054 4746 DUES & SUBSCRIPTIONS 779 750 29 INCOME TAX 100 96 4 172650 166188 6462 0 72462 192940 192456 7225 4445 840 1090 91 0 999 5500 0 89632 387235 4956 37174 27192 9692 32148 46866 X -17516 53415 75000 286954 57484 340369 89632 387235 282885 0 X X 0 1 X 1 0 X 410371 344680 189335 451506 1395892 410371 344680 189335 451506 1395892 667528 728364 6000 4029 10029 1405921 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2016 AMOUNT: $ 6,000. 2017 AMOUNT: $ 4,029. 1090 91 999 999 X 455535 0 455535 0 455535 172650 0 172650 0 172650 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 AUGUST 31, 2018, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. 0 0 0 0 0 0 0 0 0 AUDREY RUSSO PRESIDENT & CEO 0 243806 0 0 0 0 0 14250 0 4133 0 262189 0 0 BRIAN KENNEDY SENIOR VP OF OPERATIONS 0 147082 0 0 0 0 0 8825 0 0 0 155907 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 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 DURING THE 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 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 IX, LINE 11G PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 155. MANAGEMENT AND GENERAL EXPENSES 6. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 15,291. MANAGEMENT AND GENERAL EXPENSES 595. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,886. MISCELLANEOUS PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 4,813. MANAGEMENT AND GENERAL EXPENSES 187. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000. MERCHANT FEES: PROGRAM SERVICE EXPENSES 431. MANAGEMENT AND GENERAL EXPENSES 18. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 449. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO THIS PROCESS IN THE CURRENT 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 PITTSBURGH TECHNOLOGY COUNCIL O 21019 FAIR MARKET VALUE PITTSBURGH TECHNOLOGY COUNCIL P 955 FAIR MARKET VALUE PITTSBURGH TECHNOLOGY COUNCIL B 100500 FAIR MARKET VALUE