Delaware Valley Industrial Resource Center
- Assets
- $3.0m
- Revenue
- $6.8m
- Investments
- $50.0k
- Employees
- 40
- Location
- Philadelphia, PA
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 23-2531413
Organization Overview
Delaware Valley Industrial Resource Center is located in Philadelphia, PA. The organization was established in 1989. 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 Valley Industrial Resource Center employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Valley Industrial Resource Center 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 Valley Industrial Resource Center generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 1.3% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DVIRC PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS AND SERVICES TO ENCOURAGE AND ENABLE SMALL TO MEDIUM SIZE MFG. COS. TO INITIATE AND MANAGE A PROCESS OF CHANGE LEADING TO IMPROVED PRODUCTIVITY, EFFICIENCY, QUALITY AND COMPETITIVE POSITIONING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Miller President & CEO | Officer | 37.5 | $272,247 |
Anthony Girifalco Sr. Vice President | Officer | 37.5 | $205,014 |
Veronica Abdus-Saboor CFO & Treasurer | Officer | 37.5 | $184,022 |
Mark Basla Sr. Vice President, Cmo | Officer | 37.5 | $170,761 |
Christopher Scafario Chief Operating Officer | Officer | 37.5 | $159,992 |
Sylvia Wower VP Research & Strat. Growt | 37.5 | $170,560 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Writing Works Sales Development Services | 6/29/22 | $195,399 |
Small Business Design Center Graphic Design & Market Development Serv | 6/29/22 | $351,907 |
Prosit Business Consulting Llc Continuous Improvement | 6/29/22 | $150,019 |
The Hallmark Group Human Resources | 6/29/22 | $138,180 |
Thrive Operations Llc It Provider | 6/29/22 | $132,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,076,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,147,222 |
| Total Program Service Revenue | $3,749,751 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,840,008 |
| 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. | $1,335,494 |
| Compensation of current officers, directors, key employees. | $713,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,889,004 |
| Pension plan accruals and contributions | $236,708 |
| Other employee benefits | $305,592 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,274 |
| Fees for services: Accounting | $33,975 |
| Fees for services: Lobbying | $12,926 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,788,336 |
| Advertising and promotion | $0 |
| Office expenses | $62,151 |
| Information technology | $357,322 |
| Royalties | $0 |
| Occupancy | $57,572 |
| Travel | $60,043 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,776 |
| Insurance | $80,686 |
| All other expenses | $0 |
| Total functional expenses | $6,595,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $437,197 |
| Accounts receivable, net | $543,043 |
| 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 | $463,679 |
| Net Land, buildings, and equipment | $603,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $50,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,022,884 |
| Accounts payable and accrued expenses | $981,566 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,090 |
| Total liabilities | $1,008,656 |
| Net assets without donor restrictions | $2,014,228 |
| Net assets with donor restrictions | $0 |
| 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 | $3,022,884 |