Monday, August 25, 2008

PAT doth protest too much


Anonymous Anonymous said...

I guess this explains why I'm the only person who was shorting in your on-line market.

Monday, August 25, 2008 11:00:00 PM  
Blogger A Son of the Greatest Generation said...


Critics question nonprofit's focus, spending
By Ron DaParma and Mark Houser
Sunday, November 11, 2007

A shift for the worse

A 2003 reorganization turned the conference into an umbrella for the Greater Pittsburgh Chamber of Commerce, Pennsylvania Economy League and Pittsburgh Regional Alliance.

Former conference president Harold Miller, who resigned in 2005, now describes it as "much more like a business association ... and less like a civic-leadership group."

The conference's $10.1 million budget in 2005, the most recent year for which complete figures are available, included:

• $2.4 million for salaries and benefits, according to the nonprofit's federal tax return.

Of 63 employees of the conference and its affiliated groups, more than half are listed as vice presidents or senior directors. In 2005, eight earned at least $100,000, including Langley's salary of $364,519 plus $22,281 in benefits and $9,600 for expenses.

• Spending of $351,682 to raise money from private donors.

In 2004, those donors included 118 foundations, corporations and universities which gave $8.57 million. The nonprofit did not make public its 2005 donor list.

• Conference-awarded grants worth $4.57 million, including $222,720 for a French & Indian War historical group and $10,000 for a Bassmaster Classic fishing tournament.

In addition, the Pittsburgh Regional Alliance maintained a separate $3.06 million budget in 2005 that did not include salaries but did cover $196,117 for conferences, conventions and meetings, $147,948 for travel and $126,742 for fundraising.

Langley says most of the conference's spending "doesn't go to staff, most of it goes to programs." He also contends it has "created efficiencies. Collectively, if you added all the staff together we had in 2003, it was in the 80s, and now we have 60 to 65 people."

Still, some critics contend the conference is bloated.


Monday, August 25, 2008 11:51:00 PM  

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