Mission
TO FOSTER INNOVATION, NEW COMPANY CREATION AND JOB GROWTH IN THE WESTERN PENNSYLVANIA AREA.
Public Charity
IDEA FOUNDRY
IDEA FOUNDRY is a Public Charity headquartered in PITTSBURGH, PA. Financial data from the 2024 filing: $826K revenue, $979K expenses, $1.6M total assets. 3 publicly reported grants to this organization, totaling roughly $162K, appear in IRS filings.
EIN: 043587471
PITTSBURGH, PA
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$826K
Total Expenses$979K
Total Assets$1.6M
Grant Records3
Funding Total$162K
Filing Years2019–2024
Where $100 goes at Idea Foundry
How Idea Foundry divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$80
Programs
the work itself
$17
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $80 for programs
$80
To foster innovation, new company creation and job growth in the western pennsylvania area
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
Long-term future fund
$100,000
HEALTHY INDIVIDUALS AND COMMUNITIES
$51,500
For grant recipient's exempt purposes
$10,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
DIRECTOR
James C Stalder
DIRECTOR & CEO
Michael M Matesic
DIRECTOR & SECRETARY
Patrick B Stewart
DIRECTOR
Richard Danforth
CHAIRMAN OF THE BOARD
Richard K Riederer
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $826K | $979K | $1.6M |
| 2023 | $354K | $709K | $1.7M |
| 2022 | $250K | $595K | $2.1M |
| 2020 | $1.6M | $1.6M | $3.1M |
| 2019 | $911K | $1.5M | $3.0M |
Between 2019 and 2024, reported annual revenue declined from $911K to $826K (-9%), with total assets most recently reported at $1.6M.
Interactive year-over-year charts and full filing details available with membership.