2020-01-30T08:43:25-06:00 2019-06-30 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2018-07-01 232690558 SCHUYLKILL RIVER DEVELOPMENT CORPORATION SCHU 2152226030 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 JOSEPH R SYRNICK PRESIDENT/CEO 2152226030 2020-01-30 1 JENNIFER SOLOT P00749373 2155677770 96.245.86.172 2020-01-30 09:42:14 ES P 77CA6B56B756E7D447116D987DC2386506D64E33 77CA6B56B756E7D447116D987DC2386506D64E33 2018 2020-09-23 17:36:50Z JOSEPH R SYRNICK 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 5358138 0 X WWW.SCHUYLKILLBANKS.ORG X 1992 PA REVITALIZE SCHUYLKILL RIVER CORRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT. 27 27 9 700 0 0 4614551 5273484 4347 2006 34616 82648 0 0 4653514 5358138 0 0 0 0 601061 604477 0 0 165227 3880208 2885343 4481269 3489820 172245 1868318 6995345 9138716 545981 780225 6449364 8358491 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 (CONTINUE ON SCH. O) RECREATION AND TRANSPORTATION, COMMUNITY AND ECONOMIC DEVELOPMENT, PUBLIC HEALTH, AND ENVIRONMENTAL STEWARDSHIP, BENEFITING NEIGHBORS, PHILADELPHIA AND THE REGION. 0 0 3031312 CAPITAL PROJECTS - GOAL IS TO PROMOTE THE CREATION OF A PUBLIC PARK, TRAIL AND GREENWAY ALONG THE BANKS OF THE SCHUYLKILL 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. 49923 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. 11122 2006 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. 3092357 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 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X THE ORGANIZATION 2152226030 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 JAMIE M GERSHKOW SECRETARY 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 MICHAEL CARROLL PE BOARD MEMBER 0.50 X 0 0 0 BRYON S COMATI BOARD MEMBER 0.50 X 0 0 0 SCOOT COOPER BOARD MEMBER 0.50 X 0 0 0 PASQUALE T DEON BOARD MEMBER 0.50 X 0 0 0 HAROLD T EPPS 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 JOHN GRADY BOARD MEMBER 0.50 X 0 0 0 ALAN GREENBERGER 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 JENNIFER HELLER BOARD MEMBER 0.50 X 0 0 0 KENNETH E LAWRENCE BOARD MEMBER 0.50 X 0 0 0 KATHY LENTINI BOARD MEMBER 0.50 X 0 0 0 PATRICIA MARTS BOARD MEMBER 0.50 X 0 0 0 JOSEPH MCGINN 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 REBECCA RHYNHART 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 203108 0 28156 203108 0 28156 1 0 1 0 JPC GROUP 1309 HARMONY STREET PHILADELPHIA PA 19146 GENERAL TRAIL CONSTRUCTION 896450 AECOM TECHHNICAL SERVICES 1700 MARKET STREET SUITE 1600 PHILADELPHIA PA 19103 ENGINEERING SERVICES 633509 PENNONI ASSOCIATES INC 1900 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 ARCHITECTURE/ENGINEERING SERVICES 221797 THINKGREEN LLC PO BOX 528 GLENSIDE PA 19038 TRAIL IMPROVEMENTS 135939 4 1316492 3956992 5273484 RIVER BOAT TOURS 900090 2006 2006 2006 82648 82648 5358138 2006 0 82648 231770 186032 39477 6261 280418 198918 57731 23769 33963 24121 6981 2861 24545 18124 4782 1639 33781 25287 6450 2044 207643 39870 51235 116538 82062 35565 42545 3952 5592 2796 2516 280 15075 7537 7538 CONSULTANTS/PLANNING 2062268 2062268 CONST/SITE IMPROVEMENT 426341 426341 PARK MAINTENANCE 49923 49923 COMMUNITY EVENTS 11122 11122 25317 4453 12981 7883 3489820 3092357 232236 165227 3703568 3082397 1547345 3602222 954789 1600477 38269 36482 87863 75249 15556 12614 735818 804524 6995345 9138716 545981 780225 545981 780225 X 3705938 4120276 2743426 4238215 6449364 8358491 6995345 9138716 1868318 40809 0 X 0 1 X 1 0 X 4591673 6608601 6962954 4614551 5273484 28051263 4591673 6608601 6962954 4614551 5273484 28051263 6144807 21906456 3530 26385 36219 34616 82648 183398 28234661 75660 0.77590 0.85660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87863 75249 12614 12614 X 5406487 40809 7540 48349 5358138 0 5358138 3497360 7540 7540 3489820 0 3489820 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 203108 0 0 0 0 0 4600 0 23556 0 231264 0 0 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 MODIFICATIONS, THE FORM 990 IS AVAILABLE 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. AT EACH BOARD MEETING, ANY POTENTIAL CONFLICTS ARE RAISED AND, AS NECESSARY, ARE DISCUSSED. SHOULD A CONFLICT BE 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 IN CONSULTATION WITH THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL APPROVE OR DENY THE REQUEST. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS SRDC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST.