2017-04-11T06:57:50-05:00 2016-06-30 232896692 BBD LLP 1835 MARKET STREET 26TH FLOOR PHILADELPHIA PA 19103 990 2015-07-01 232690558 SCHUYLKILL RIVER DEVELOPMENT CORPORATION SCHU 2152226030 2401 WALNUT STREET 6TH FLOOR PHILADELPHIA PA 19103 JOSEPH R SYRNICK PRESIDENT/CEO 2152226030 2017-04-11 1 JENNIFER SOLOT P00749373 2155677770 2015 2021-01-29 14:40:06Z X JOSEPH R SYRNICK 2401 WALNUT STREET 6TH FLOOR PHILADELPHIA PA 19103 6650699 0 X WWW.SCHUYLKILLBANKS.ORG X 1992 PA REVITALIZE SCHUYLKILL RIVER CORRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT. 23 23 9 345 0 0 4591673 6608601 27310 15713 3530 26385 0 0 4622513 6650699 0 0 0 0 613926 653522 0 0 147974 1974570 5448757 2588496 6102279 2034017 548420 6319913 7495391 295052 917056 6024861 6578335 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 5294934 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 TO BE USED FOR THE DEVELOPMENT AND THE UPKEEP OF SUCH PARK, THEREBY LESSENING THE BURDEN OF CITY GOVERNMENT AND PROMOTING ECONOMIC DEVELOPMENT OF ADJACENT LAND. 196632 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. 227532 15713 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. 5719098 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 10 0 9 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOSEPH R SYRNICK PRESCEO 2152226030 129 SOUTH 30TH STREET SUITE B PHILADELPHIA PA 19104 GERARD H SWEENEY CHAIRMAN 1.50 X X 0 0 0 KEITH A ORRIS VICE CHAIRMAN 1.00 X X 0 0 0 JOHN FRANCIS GOUGH 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 HAROLD EPPS BOARD MEMBER 0.50 X 0 0 0 ANNE FADULLON BOARD MEMBER 0.50 X 0 0 0 STEPHEN GARDNER 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 ELINOR HAIDER BOARD MEMBER 0.50 X 0 0 0 EDWARD HAZZOURI BOARD MEMBER 0.50 X 0 0 0 FRANK JIRUSKA BOARD MEMBER 0.50 X 0 0 0 BRIAN KEECH BOARD MEMBER 0.50 X 0 0 0 PAUL LEVY BOARD MEMBER 0.50 X 0 0 0 KATHRYN OTT LOVELL BOARD MEMBER 0.50 X 0 0 0 JOSEPH MCGINN BOARD MEMBER 0.50 X 0 0 0 ROBERT NIX III BOARD MEMBER 0.50 X 0 0 0 RODNEY J OGLESBY BOARD MEMBER 0.50 X 0 0 0 REBECCA RHYNHART BOARD MEMBER 0.50 X 0 0 0 KAREN C SMITH BOARD MEMBER 1.50 X 0 0 0 ANDREW C TOPPING 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 184865 0 25804 LANE FIKE CAPITAL PROGRAM DIRECTOR 40.00 X 103970 0 17445 288835 0 43249 2 0 1 0 AMMANN & WHITNEY 96 MORTON STREET NEW YORK NY 10014 DESIGN SERVICES 664785 ANDROPOGON ASSOCIATES LTD 10 SHURS LANE PHILADELPHIA PA 19127 LANDSCAPE ARCHITECT SERVICES 522685 2 4488022 2120579 6608601 KAYAK TOURS 900090 8812 8812 RIVER BOAT TOURS 900090 6311 6311 OTHER PROGRAM REVENUE 900090 590 590 15713 26385 26385 6650699 15713 0 26385 210097 178582 25212 6303 347711 237571 63276 46864 25764 18594 4320 2850 31151 20840 5834 4477 38799 28755 6226 3818 131591 25853 44564 61174 6959 1740 4703 516 62006 27094 31902 3010 30212 15105 13596 1511 13721 6860 6861 CONST/SITE IMPROVEMENT 4110831 4110831 CONSULTANTS/PLANNING 806639 806639 COMMUNITY EVENTS AND AC 162279 162279 OTHER 70008 23844 28713 17451 54511 54511 6102279 5719098 235207 147974 3840386 1609318 976985 770301 824321 4443532 34000 31680 78190 63150 45252 15040 598969 625520 6319913 7495391 295052 917056 295052 917056 X 2431133 2721951 3593728 3856384 6024861 6578335 6319913 7495391 548420 5054 0 X 0 1 X 1 0 X 2118892 2652906 3093555 4591673 6608601 19065627 2118892 2652906 3093555 4591673 6608601 19065627 2728398 16337229 2486 2385 2161 3530 26385 36947 19102574 109335 0.85520 0.81280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78190 63150 15040 15040 X 6661203 5054 5450 10504 6650699 0 6650699 6107729 5450 5450 6102279 0 6102279 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 X 0 0 0 0 0 0 0 0 0 JOSEPH R SYRNICK PRESIDENT/CEO 184865 0 0 0 0 0 4600 0 21204 0 210669 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 GOVERNING BOARD REVIEW OF FORM 990 AFTER THE FORM 990 IS COMPLETED BUT BEFORE IT IS FILED, IT IS SENT TO THE EXECUTIVE COMMITTEE AND FINANCE COMMITTEE FOR PRELIMINARY REVIEW. FOLLOWING REVIEW BY THESE COMMITTEES 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, THE 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 POLICIES ARE PROACTIVELY PRESENTED AND DISCUSSED, AND EACH BOARD MEMBER IS ASKED TO SIGN A STATEMENT THAT HE/SHE HAS READ AND UNDERSTANDS THE POLICIES 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. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS SRDC'S 2015 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST.