THE PITTSBURGH PROMISE FOUNDATION

EIN: 261982661 501(c)(3) Philanthropy & Grantmaking

PITTSBURGH, PA

Total Revenue
$7,437,970
Total Expenses
$12,134,225
Total Assets
$55,895,243
Net Assets
$55,644,505
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
PA
Principal Officer
SALEEM GHUBRIL
Phone
4122817605
Tax Period
2024-07-01 to 2025-06-30

THE PITTSBURGH PROMISE FOUNDATION, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $12.1M exceeded revenue, resulting in a 63% operating deficit.

Mission

THE PITTSBURGH PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AMONG URBAN YOUTH, FUNDS SCHOLARSHIPS FOR POST-SECONDARY ACCESS, AND FUELS A PREPARED AND DIVERSE REGIONAL WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $10,621,507

THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED AN INITIAL $10 MILLION CONTRIBUTION AND...

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THE PITTSBURGH PROMISE WAS LAUNCHED IN 2007 WITH A $100 MILLION COMMITMENT BY THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER (UPMC). UPMC'S COMMITMENT INCLUDED AN INITIAL $10 MILLION CONTRIBUTION AND THE REMAINING $90 MILLION WAS A CHALLENGE GRANT INTENDED TO SPUR A COMMUNITY-WIDE CAMPAIGN TO RAISE AN ADDITIONAL $150 MILLION FROM OTHER PRIVATE SOURCES, INCLUDING FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. OUR MISSION: THE PITTSBURGH PROMISE PROMOTES HIGH EDUCATIONAL ASPIRATIONS AMONG URBAN YOUTH, FUNDS SCHOLARSHIPS FOR POST-SECONDARY ACCESS, AND FUELS A PREPARED AND DIVERSE REGIONAL WORKFORCE. SEE CONTINUATION ON SCHEDULE OOUR VISION: WE ENVISION A FUTURE WHERE ALL OUR URBAN YOUTH ARE EQUIPPED TO REACH POST-SECONDARY SUCCESS, OUR PUBLIC SCHOOLS SERVE ALL CHILDREN EXCELLENTLY, OUR CITY IS FLOURISHING IN ALL ITS NEIGHBORHOODS, AND OUR WORKFORCE IS WIDELY DIVERSE AND HIGHLY SKILLED TO ADVANCE A REGION THAT IS GOOD AND JUST FOR ALL. OUR GUIDING PRINCIPLES: -EQUITY AND INCLUSION: WE ARE COMMITTED TO EDUCATIONAL, ECONOMINC, RACIAL, SOCIAL, AND CULTURAL EQUITY AND INCLUSION. -EXCELLENCE: WE CONDUCT OUR WORK WITH URGENCY, STEWARD OUR RESOURCES PRUDENTLY, AND APPLY THE HIGHEST STANDARDS OF PROFESSIONALISM. -INTEGRITY: WE DEMONSTRATE ACCOUNTABILITY TO OUR STUDENTS, FAMILIES, AND COMMUNITY PARTNERS BY PERFORMING OUR WORK WITH TRANSPARENCY, DISCIPLINE, AND COMPASSION. -IMPACT: WE REGULARLY EVALUATE OUR IMPACT AND USE DATA AND RESEARCH TO GUIDE OUR DECISION-MAKING. -COMMITMENT: WE ARE DRIVEN BY A PASSION FOR OUR VISION AND MISSION AND A BELIEF THAT OUR WORK STRENGTHENS THE REGION, INSPIRES SYSTEMIC CHANGE, AND TRANSFORMS LIVES. THE PITTSBURGH PROMISE CONDUCTS OUTREACH IN ALL PITTSBURGH PUBLIC HIGH SCHOOLS AND ITS CHARTERS IN AN EFFORT TO CULTIVATE RELATIONSHIPS AND PROMOTE ACHIEVEMENT. IN ADDITION, THEY DEPLOY PROMISE COACHES IN FOUR HIGH SCHOOLS TO PROMOTE PROMISE USAGE AND POST-SECONDARY PLANNING: PERRY, CARRICK, UPREP/MILLIONES AND WESTINGHOUSE HIGH SCHOOLS. IN CONJUNCTION WITH THE COACHING INITIATIVE, THE PROMISE HOLDS COLLEGE AND CAREER EXPOSURE EVENTS FOR STUDENTS IN THESE SCHOOLS. AS OF JUNE 2025, THE PITTSBURGH PROMISE'S RESULTS INCLUDE THE FOLLOWING: -MORE THAN 12,500 STUDENTS RECEIVED $183.9 MILLION IN PROMISE SCHOLARSHIPS; -THEY ATTENDED 153 POST-SECONDARY INSTITUTIONS ACROSS PENNSYLVANIA; -MORE THAN 4,520 STUDENTS GRADUATED WITH A POST-SECONDARY DEGREE OR CERTIFICATION -PROMISE ALUMNI ARE WORKING AND CONTRIBUTING TO MORE THAN 700 ORGANIZATIONS IN OUR REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,510,321
Program Service Revenue $0
Investment Income $3,927,649
Other Revenue $0
TOTAL REVENUE $7,437,970

Expense Breakdown

Grants Paid $7,802,800
Salaries & Benefits $2,916,132
Fundraising Expenses $1,104,329
Program Expenses $10,621,507
Other Expenses $1,415,293
TOTAL EXPENSES $12,134,225

Year-over-Year Comparison

2024 2023 Change
Revenue $7,437,970 $6,272,260 +0.2%
Expenses $12,134,225 $11,570,982 +0.0%
Net Income $-4,696,255 $-5,298,722 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
24
Employees
81
Volunteers
166

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,064,413
Total Directors
26
$825,710
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELISABETH SCHROEDER DIRECTOR 1.00
Officer Director
$0 $72,441 $720,300
ANNE LEWIS CHAIR 1.00
Officer Director
$0 $0 $0
JAMES E TAYLOR VICE CHAIR 1.00
Officer Director
$0 $0 $0
KIYA TOMLIN TREASURER 1.00
Officer Director
$0 $0 $0
DEBRA KLINE DEMCHAK SECRETARY 1.00
Officer Director
$0 $0 $0
CHESTER R BABST III DIRECTOR 1.00
Director
$0 $0 $0
LAURIE BARKMAN DIRECTOR 1.00
Director
$0 $0 $0
ERIC BOUGHNER DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA DEVINE DIRECTOR 1.00
Director
$0 $22,992 $105,410
PATRICK DUGAN DIRECTOR 1.00
Director
$0 $0 $0
MALESIA DUNN DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE FINNEY DIRECTOR 1.00
Director
$0 $0 $0
DANA HARRIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN HATHAWAY DIRECTOR 1.00
Director
$0 $0 $0
KIRK JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS LANG DIRECTOR 1.00
Director
$0 $0 $0
MARK LASKOW DIRECTOR 1.00
Director
$0 $0 $0
VIC LAURENZA DIRECTOR 1.00
Director
$0 $0 $0
JACKIE PERLOW DIRECTOR 1.00
Director
$0 $0 $0
BLAKE RUTTENBERG DIRECTOR 1.00
Director
$0 $0 $0
DAVID SCHAICH DIRECTOR 1.00
Director
$0 $0 $0
JAMES SPENCER DIRECTOR 1.00
Director
$0 $0 $0
VANESSA THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
LISA WITTE DIRECTOR 1.00
Director
$0 $0 $0
ED GAINEY EX-OFFICIO 1.00
Director
$0 $0 $0
WAYNE N WALTERS EX-OFFICIO 1.00
Director
$0 $0 $0
SALEEM GHUBRIL PRESIDENT 40.00
Officer
$299,631 $44,482 $344,113
AMY YEARWOOD DIRECTOR, COLLEGE & CAREER SUCCESS 40.00
Highest
$115,117 $20,066 $135,183
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,437,970 $12,134,225 $55,895,243 $-4,696,255
2024 $6,272,260 $11,570,982 $59,110,555 $-5,298,722
2023 $10,120,509 $12,264,455 $61,809,062 $-2,143,946
2022 $15,082,951 $11,513,190 $59,585,111 $3,569,761
2021 $8,011,763 $12,579,854 $66,594,047 $-4,568,091
2020 $12,741,686 $14,451,914 $63,813,527 $-1,710,228
2019 $10,120,091 $16,743,631 $65,579,726 $-6,623,540
2018 $11,765,083 $20,166,340 $71,851,357 $-8,401,257
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