Idea Foundry
Idea Foundry
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About this organization
Mission
Idea Foundry invests in and works alongside entrepreneurs to transform innovative business ideas into viable commercial activities and leverages global programs to attract talent, capital, and business to the Pittsburgh region.
About
To foster innovation, new company creation and job growth in the Western Pennsylvania area. The organization was established to transform technology-based ideas into fundable start-up companies through business development programs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “To foster innovation, new company creation and job growth in the western pennsylvania area.”.
When discussing its operations, they were defined as: “To foster innovation, new company creation and job growth in the western pennsylvania area.”.
- The state where the non-profit operates has been legally reported as PA.
- The filing indicates that the non-profit's address in 2020 is located at 4551 FORBES AVENUE SUITE 200, PITTSBURGH, PA, 15213.
- The non-profit has reported 8 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $549,158.
- The organization has 5 independent voting members.
- The organization was formed in 2002.
- The organization pays $621,293 in salary, compensation, and benefits to its employees.
- The organization pays $58,888 in fundraising expenses.