2017-04-17T10:12:04-05:00 2016-08-31 BDO USA LLP 339 SIXTH AVE 8TH FL PITTSBURGH PA 15222 990 2015-09-01 461691722 FortyX80 Inc % ALBERT GUSKY PTCT 4126872700 2000 TECHNOLOGY DRIVE PITTSBURGH PA 15219 AUDREY RUSSO CEO 4126872700 2017-01-15 true Rebekuh Eley P01247672 4122812501 2015 2021-01-29 14:40:06Z FKA PTC Techcelerate Inc AUDREY RUSSO 2000 TECHNOLOGY DRIVE PITTSBURGH PA 15219 344680 false X www.fortyX80.org X 2012 PA Accelerate the growth of southwestern Pennsylvania's innovation economy and encourage the development of a highly skilled regional workforce by (CONTINUED ON SCHEDULE O) 3 3 2 4 0 410371 344680 0 0 0 0 0 0 410371 344680 0 0 0 0 85945 65864 0 0 0 244890 170191 330835 236055 79536 108625 185940 299204 106404 111043 79536 188161 SUPPORT PROGRAMS FOR EDUCATIONAL INSTITUTIONS AND WORKFORCE DEVELOPMENT GROUPS TO ASSIST THEIR IMPLEMENTATION OF STEM TRAINING. SUPPORT PROGRAMS PROVIDING TECHNICAL EDUCATIONAL ASSISTANCE TO ASPIRING ENTREPRENEURS. false false 225832 Support programs for educational institutions and workforce development groups to assist their implementation of STEM training. Support programs providing technical educational assistance to aspiring entrepreneurs. 0 225832 true true false false false false false false false false false false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false true false true 5 0 2 true false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true false false false PA X ALBERT GUSKY 4129184211 2000 TECHNOLOGY DRIVESUITE 100 PITTSBURGH PA 15219 X John Friel Board Chair 1.0 0.0 X X 0 0 0 Mark Kurtzrock Board Member 1.0 0.0 X 0 0 0 Alicia McGinnis Board Member 1.0 0.0 X 0 0 0 Audrey Russo President 14.0 26.0 X 0 269233 20465 Albert Gusky Treasurer 5.0 35.0 X 0 114658 16700 Brian Kennedy Vice President 2.0 38.0 X 0 161964 8158 Sandra Rose Secretary 1.0 0.0 X 0 0 0 0 545855 45323 0 false true false 0 115686 228994 344680 0 0 0 0 0 0 0 0 0 0 0 0 344680 X 0 0 0 0 0 0 56023 56023 0 0 0 4905 4905 0 0 4936 4936 0 0 0 0 0 0 0 3750 0 3750 0 0 0 0 64527 64527 0 0 333 213 120 0 176 0 176 0 181 0 181 0 0 530 280 250 0 6206 6186 20 0 0 0 25 0 25 0 0 0 1499 0 1499 0 EVENT MANAGEMENT 82279 78795 3484 0 DUES & SUBSCRIPTIONS 10535 9967 568 0 INCOME TAX 150 0 150 0 236055 225832 10223 0 125227 201717 0 0 0 0 60377 67487 0 0 0 0 0 0 0 0 336 30000 0 0 0 0 0 0 0 0 0 0 0 185940 299204 4393 7705 0 0 6000 6000 0 0 0 0 0 0 0 0 0 0 96011 97338 106404 111043 X -2446 17412 81982 170749 0 0 79536 188161 185940 299204 108625 X false true X true false X X 0 0 0 410371 344680 755051 0 0 0 0 0 410371 344680 755051 452115 302936 0 0 0 755051 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO PTC 88646 DUE TO PHTC 8692 97338 X 344680 344680 344680 236055 236055 236055 Form 990, Sch. D, Part X, Line 2 The Organization is exempt from federal income tax pursuant to Section 501(C)(3) of the Internal Revenue code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. Accounting principles generally accepted in the United States of America require the organization's management to evaluate tax positions taken by the organization and recognize a tax liabilty (or asset) if the organization has taken a position that is uncertain. An uncertain position is defined as one in which there is a 50% or greater likelihood that the position will not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the organization and has concluded that, as of August 31, 2016, there are no uncertain tax positions taken or expected to be taken. The organization has recognized no interest or penalties related to uncertain tax positions. The organiztion is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. false false false false false false false false false Audrey Russo President 0 228000 0 41233 0 0 0 9500 0 10965 0 289698 0 0 Brian Kennedy Vice President 0 135964 0 26000 0 0 0 8158 0 0 0 170122 0 0 Part I, Line 3 All COMPENSATED officers and direcTOrs are paid by Pittsburgh Technology Council, a related entity. The related entity uses an independent consultant to benchmark salary ranges. All Officer and Director Salaries are approved by the Board. FORM 990, PART I, LINE 1 supporting education and training at secondary, vocational and higher education institutions, and by providing education services to potential and early stage entrepreneurs. FORM 990, PART VI, SECTION B, LINE 11 The organization's Director of Finance and the CEO review all documents prior to filing them with the IRS. The Board of Directors is presented the Company'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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 1 AUDREY RUSSO, ALBERT GUSKY, AND BRIAN KENNEDY SPLIT THEIR TIME BETWEEN PITTSBURGH TECHNOLOGY COUNCIL, PHTC SERVICES, INC. AND FORTYX80, INC. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICE FEES TOTAL FEES:64527 Pittsburgh Technology Council 2000 Technology Drive Pittsburgh PA 15219 251437854 Technology PA 501(C)(6) NA false PHTC Services 2000 Technology Drive Pittsburgh PA 15219 251606394 Benefits & HR PA PTC C Corp 0 0 0.00000 false PA Tech Council Employee Benefits Trust 2000 Technology Drive Pittsburgh PA 15219 256379437 Insurance PA PTC Trust 0 0 0.00000 false true false false false false false false false false false false false false false true false true false false