2023-02-10T12:04:43-06:00 2022-06-30 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2021-07-01 232690558 SCHUYLKILL RIVER DEVELOPMENT CORPORATION SCHU 2153095523 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 JOSEPH R SYRNICK PRESIDENT/CEO 2153095523 2023-02-10 1 JOSEPH SYRNICK 999009999 JENNIFER SOLOT P00749373 2155677770 2023-02-03 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JOSEPH R SYRNICK 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 2826046 0 X WWW.SCHUYLKILLBANKS.ORG X 1992 PA REVITALIZE SCHUYLKILL RIVER CORRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT. 26 26 6 700 0 0 6892992 2771826 2154 4007 69898 50213 0 0 6965044 2826046 0 0 0 0 646966 674322 0 0 179135 6120273 1932467 6767239 2606789 197805 219257 9926359 9834379 460822 326215 9465537 9508164 X SRDC IS REVITALIZING PHILADELPHIA'S TIDAL SCHUYLKILL RIVER CORRIDOR INTO AN ASSET THAT CONNECTS NEIGHBORHOODS AND ENCOURAGES INVESTMENT. WORKING WITH THE CITY AND STAKEHOLDERS TO BUILD, MAINTAIN, AND PROGRAM SCHUYLKILL BANKS, SRDC DRIVES IMPROVEMENTS IN (CONTINUED ON SCH O) RECREATION AND TRANSPORTATION, COMMUNITY AND ECONOMIC DEVELOPMENT, PUBLIC HEALTH, AND ENVIRONMENTAL STEWARDSHIP, BENEFITING NEIGHBORS, PHILADELPHIA AND THE REGION. 0 0 2129998 CAPITAL PROJECTS - GOAL IS TO PROMOTE THE CREATION OF A PUBLIC PARK, TRAIL AND GREENWAY ALONG THE BANKS OF THE SCHUYLKILL TIDAL RIVER IN THE CITY OF PHILADELPHIA AND TO ASSIST IN THE UPKEEP OF SUCH PARK, THEREBY LESSENING THE BURDEN OF CITY GOVERNMENT AND PROMOTING ECONOMIC DEVELOPMENT OF ADJACENT LAND. 51571 MAINTENANCE PROGRAM - SRDC HAS AN AGREEMENT WITH PHILADELPHIA PARKS AND RECREATION TO SHARE MAINTENANCE RESPONSIBILITY FOR SCHUYLKILL BANKS. THIS PUBLIC-PRIVATE PARTNERSHIP LESSENS THE BURDEN ON GOVERNMENT AND INCREASES THE LEVEL OF UPKEEP ON SCHUYLKILL BANKS. THIS IN TURN MAKES THE SITE MORE ATTRACTIVE AND VALUABLE FROM A QUALITY OF LIFE STANDPOINT. DURING THE YEAR, MAINTENANCE EFFORTS CONTINUED BUT WITH A SMALLER NUMBER OF VOLUNTEERS DUE TO COVID-19 CONCERNS. 18822 4007 COMMUNITY PROGRAMMING - ANOTHER SRDC GOAL IS TO ENLIVEN SCHUYLKILL BANKS AND STRENGTHEN NEIGHBORHOOD CONNECTIONS BY CREATING ATTRACTIONS AND DESTINATIONS ALONG THE TRAIL AND GREENWAY. THIS IS DONE PARTIALLY THROUGH PUBLIC PROGRAMMING, SUCH AS OUTDOOR MOVIES, RIVER TOURS AND OTHER SPECIAL EVENTS. THESE ACTIVITIES CREATE A DESIRE TO BE ON THE BANKS AND TO ENJOY THE AMENITIES PROVIDED. DURING THE YEAR, THE PROGRAMMING ACTIVITIES WERE SOMEWHAT REDUCED DUE TO COVID-19 CONCERNS RELATING TO CROWDS. 2200391 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 14 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X THE ORGANIZATION 2153095523 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 GERARD H SWEENEY CHAIRMAN 1.50 X X 0 0 0 BRIAN KEECH VICE CHAIRMAN 1.00 X X 0 0 0 ANNE PAPAGEORGE TREASURER 1.00 X X 0 0 0 MARC J ARMSTRONG BOARD MEMBER 0.50 X 0 0 0 MADELINE BELL BOARD MEMBER 0.50 X 0 0 0 JACLYN BLISS BOARD MEMBER 0.50 X 0 0 0 KATHY CACCIOLA BOARD MEMBER 0.50 X 0 0 0 MICHAEL CARROLL PE BOARD MEMBER 0.50 X 0 0 0 SCOTT COOPER BOARD MEMBER 0.50 X 0 0 0 DAVID CUFF BOARD MEMBER 0.50 X 0 0 0 PASQUALE T DEON BOARD MEMBER 0.50 X 0 0 0 ANNE FADULLON BOARD MEMBER 0.50 X 0 0 0 GREGORY J GATTA BOARD MEMBER 0.50 X 0 0 0 DR AMY GUTMANN BOARD MEMBER 0.50 X 0 0 0 EDWARD HAZZOURI ESQ BOARD MEMBER 0.50 X 0 0 0 KENNETH E LAWRENCE BOARD MEMBER 0.50 X 0 0 0 JOSEPH MCGINN BOARD MEMBER 0.50 X 0 0 0 CHRISTIN MCMELEY BOARD MEMBER 0.50 X 0 0 0 ANNE B NEVINS BOARD MEMBER 0.50 X 0 0 0 ROBERT NIX III ESQ BOARD MEMBER 0.50 X 0 0 0 RODNEY J OGLESBY BOARD MEMBER 0.50 X 0 0 0 KATHRYN OTT LOVELL BOARD MEMBER 0.50 X 0 0 0 MICHAEL RASHID BOARD MEMBER 0.50 X 0 0 0 REBECCA RHYNHART BOARD MEMBER 0.50 X 0 0 0 JASMINE E SESSOMS BOARD MEMBER 0.50 X 0 0 0 JOHN WESTRUM BOARD MEMBER 0.50 X 0 0 0 JOSEPH R SYRNICK PRESIDENT/CEO 52.00 X 209202 0 36906 209202 0 36906 1 0 1 0 SERAVALLI INC 10059 SANDMEYER LANE PHILADELPHIA PA 19116 GENERAL TRAIL CONSTRUCTION 3696298 JPC GROUP 1309 HARMONY STREET PHILADELPHIA PA 19146 GENERAL TRAIL CONSTRUCTION 299199 AECOM TECHNICAL SERVICES 1700 MARKET STREET SUITE 1600 PHILADELPHIA PA 19103 ENGINEERING SERVICES 148715 3 1159088 1612738 2771826 BOAT TOURS & OTHER 900090 4007 4007 4007 50213 50213 2826046 4007 0 50213 248774 196930 27613 24231 319805 231062 65065 23678 22370 16529 4060 1781 44641 32205 9148 3288 38732 29051 6453 3228 194479 36908 42253 115318 85937 37737 44007 4193 5596 2798 2518 280 22795 11397 11398 CONST/SITE IMPROVEMENT 1315886 1315886 CONSULTANTS/PLANNING 214140 214140 PARK MAINTENANCE 51571 51571 COMMUNITY EVENTS 18822 18822 23241 5355 14748 3138 2606789 2200391 227263 179135 756238 4662488 3681460 3693181 4318307 445166 45502 39492 106939 89081 10547 17858 1114305 976194 9926359 9834379 373322 122686 87500 203529 460822 326215 X 5002242 5080430 4463295 4427734 9465537 9508164 9926359 9834379 219257 -176630 0 X 0 1 X 1 0 X 4614551 5273484 5105505 6892992 2771826 24658358 4614551 5273484 5105505 6892992 2771826 24658358 5077223 19581135 34616 82648 93128 69898 50213 330503 24988861 16799 0.78360 0.82310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106939 89081 17858 17858 X 2656416 -176630 7000 -169630 2826046 0 2826046 2613789 7000 7000 2606789 0 2606789 PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER ASC 740: SRDC HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. SRDC BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD. X X X 0 0 0 0 0 0 0 0 0 JOSEPH R SYRNICK PRESIDENT/CEO 209202 0 0 0 0 0 6000 0 30906 0 246108 0 0 0 BLAISE SYRNICK BROTHER OF EXECUTIVE DIRECTOR AND EMPLOYEE OF SRDC 110838 ANNUAL SALARY & BENEFITS AS EMPLOYEE OF SRDC 0 FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BOARD REVIEW OF FORM 990 AFTER THE FORM 990 IS COMPLETED BUT BEFORE IT IS FILED, IT IS SENT TO THE EXECUTIVE COMMITTEE FOR PRELIMINARY REVIEW. FOLLOWING REVIEW BY THE COMMITTEE AND AFTER POSSIBLE MODIFICATIONS, THE FORM 990 IS OFFERED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY IS TAKEN SERIOUSLY BY THE BOARD. SHOULD A CONFLICT BE SUSPECTED OR DECLARED, THE CONFLICTED BOARD MEMBER WILL RECUSE HIMSELF/HERSELF IN ACCORDANCE WITH SRDC'S POLICY. ALSO, EACH FALL, AT THE ANNUAL MEETING, SRDC'S CONFLICT OF INTEREST POLICY IS PROACTIVELY PRESENTED AND DISCUSSED, AND EACH BOARD MEMBER IS ASKED TO SIGN A STATEMENT THAT HE/SHE HAS READ AND UNDERSTANDS THE POLICY PRESENTED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE BOARD HAS DESIGNATED THE PRESIDENT/CEO AS SRDC'S TOP MANAGEMENT OFFICIAL AND ONLY KEY EMPLOYEE. THE PRESIDENT/CEO WAS HIRED IN 2004 PURSUANT TO A REGION-WIDE SEARCH CONDUCTED BY A PROFESSIONAL EXECUTIVE SEARCH AGENCY. THE CEO'S SALARY WAS SET BY BENCHMARKING AGAINST COMPARABLE, COMPETITIVE SKILL SETS. SUBSEQUENTLY, SALARY ADJUSTMENTS HAVE BEEN MADE TAKING INTO ACCOUNT CURRENT MARKET CONDITIONS AND PERFORMANCE. SALARY ADJUSTMENTS ARE MADE BY SRDC'S CHAIRMAN, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AND WITH THE BENEFIT OF COMPARABLE DATA. SALARY DECISIONS ARE DOCUMENTED IN WRITING. ONCE A YEAR, THE CEO MAKES A RECOMMENDATION ABOUT SALARY INCREASES TO THE BOARD CHAIR WHO AS NECESSARY CONSULTS WITH THE EXECUTIVE COMMITTEE. THE BOARD CHAIR THEN EITHER APPROVES, MODIFIES OR REJECTS THE SALARY RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS SRDC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST.