Delaware River City Corporation
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 06/2005
- Data as of
- 06/2022
- EIN
- 20-2231228
Organization Overview
Delaware River City Corporation is located in Philadelphia, PA. The organization was established in 2005. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Delaware River City Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware River City Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Delaware River City Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DESIGN AND BUILD AN 11-MILE GREENWAY ON THE NORTH DELAWARE RIVER WITH THE CITY OF PHILADELPHIA AND ACTIVATE THE GREENWAY WITH OUR COMMUNITY THROUGH VOLUNTEERISM AND OUTDOOR RECREATION AND NATURE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND TRAIL PROJECTS THAT ALLOW FOR THE DEVELOPMENT OF A SUSTAINABLE RIVERFRONT CORRIDOR IN NORTHEAST PHILADELPHIA. ENGAGE COMMUNITY IN ACTIVATING A SHARED VISION FOR THE DELAWARE WATERFRONT THROUGH VOLUNTEERISM, EDUCATION AND RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Phillips Executive Director | Officer | 40 | $101,499 |
James Donaghy Vice Chair | OfficerTrustee | 4 | $0 |
Mark Hankin Treasurer | OfficerTrustee | 2 | $0 |
Robert A Borski Chair | OfficerTrustee | 1 | $0 |
Mariann Porter Dempsey Secretary | OfficerTrustee | 10 | $0 |
Dana Russikoff Assistant Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Langan Design | 6/29/19 | $326,584 |
Michael Baker Jr Inc Design | 6/29/19 | $150,310 |
Nv5 Engineering & Consulting | 6/29/19 | $112,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,580 |
| Related organizations | $0 |
| Government grants | $111,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,792 |
| Total Program Service Revenue | $404,224 |
| Investment income | $2,809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,145,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,613 |
| Compensation of current officers, directors, key employees. | $67,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $25,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,377 |
| Advertising and promotion | $4,527 |
| Office expenses | $23,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,367 |
| Travel | $4,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,837 |
| Insurance | $15,634 |
| All other expenses | $0 |
| Total functional expenses | $1,049,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,732,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $274,589 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,745 |
| Net Land, buildings, and equipment | $27,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,037 |
| Total assets | $3,041,710 |
| Accounts payable and accrued expenses | $31,310 |
| Grants payable | $0 |
| Deferred revenue | $106,090 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $137,400 |
| Net assets without donor restrictions | $663,582 |
| Net assets with donor restrictions | $2,240,728 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,041,710 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Delaware River City Corporation has recieved totaling $67,234.
| Awarding Organization | Amount |
|---|---|
Watershed Institute Inc Pennington, NJ PURPOSE: SUPPORT STRONGER STORMWATER REGS | $32,458 |
National Arbor Day Foundation Lincoln, NE PURPOSE: ENCOURAGE AND FACILITATE THE ADOPTION OF LEADING-EDGE PRACTICES IN MUNICIPAL FORESTS INCLUDING INVENTORY, PLANTING, MAINTENANCE AND EDUCATION. | $24,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,250 |
Joseph Robert Foundation Inc Philadelphia, PA PURPOSE: GENERAL | $3,000 |
D L Saunders Lawrence Saunders Fund Radnor, PA PURPOSE: FOR GENERAL FUNDS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |