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EIN 04-3587471

Idea Foundry

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Pittsburgh
State
Pennsylvania
Year formed
2002
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Idea Foundry fosters innovation, creates new companies, and promotes job growth in western Pennsylvania. The organization transforms technology-based ideas into fundable start-up companies by providing business development programs.
Total revenues
$250,130
2022
Total expenses
$594,583
2022
Total assets
$2,143,504
2022
Num. employees
4
2022

Program areas at Idea Foundry

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

Personnel at Idea Foundry

NameTitleCompensation
Michael M MatesicChief Executive Officer$220,000
Lindsey MatesicGlobal Engagement and Business Development Manager
Jay MurrayEntrepreneurial Program Manager
Yiqun SunProgram Manager, Idea Foundry Global Initiatives: China
Patrick B StewartDirector and Secretary$0

Financials for Idea Foundry

RevenuesFYE 12/2022
Total grants, contributions, etc.$122,706
Program services$94,549
Investment income and dividends$14,875
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$18,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$250,130

Form 990s for Idea Foundry

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-11-07990View PDF
2020-122021-11-15990View PDF
2019-122020-10-16990View PDF
2018-122020-01-14990View PDF
...and 8 more Form 990s
Data update history
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 17, 2023
Used new vendors
Identified 1 new vendor, including
May 12, 2023
Received grants
Identified 2 new grant, including a grant for $247,000 from Founders Pledge
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donations
General information
Address
1212 Prospect Rd
Pittsburgh, PA 15227
Metro area
Pittsburgh, PA
Website URL
ideafoundry.org/ 
Phone
(412) 682-3067
IRS details
EIN
04-3587471
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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