World Trade Center Of Greater Philadelphia Inc
- Assets
- $486.1k
- Revenue
- $926.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Philadelphia, PA
- Founding
- 04/2003
- Data as of
- 12/2021
- EIN
- 81-0582843
Organization Overview
World Trade Center Of Greater Philadelphia Inc is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, World Trade Center Of Greater Philadelphia Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Trade Center Of Greater Philadelphia Inc 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 12/2021, World Trade Center Of Greater Philadelphia Inc generated $926.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING GROWTH AND PROSPERITY TO GREATER PHILADELPHIA THROUGH GLOBAL TRADE AND INVESTMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WTCGP HELPS COMPANIES SEEKING TO EXPAND GLOBALLY AND INTERNATIONAL COMPANIES INTERESTED IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTS COMPANIES, LARGELY SMALL AND MEDIUM-SIZED EXPORTING BUSINESSES, IN THE FIVE COUNTIES OF SOUTHEASTERN PENNSYLVANIA AND EIGHT COUNTIES OF SOUTHERN NEW JERSEY BY PROVIDING INDIVIDUAL TRADE COUNSELING, MARKET RESEARCH TRADE MISSION SUPPORT, EDUCATIONAL PROGRAMS, BUSINESS NETWORKING EVENTS, AND ACCESS TO POWERFUL WORLDWIDE CONNECTIONS TO CUSTOMERS AND PARTNERS WORLDWIDE. THE WTCGP IS A CRITICAL CATALYST FOR ECONOMIC GROWTH AND JOB CREATION FOR GREATER PHILADELPHIA, SERVING AS A TRUSTED ADVISOR WITH THE INTERNATIONAL EXPERTISE AND WORLDWIDE CONNECTIONS TO INSPIRE AND EMPOWER COMPANIES TO THINK AND SUCCEED GLOBALLY. IN 2021, THE WTCGP PROVIDED TRADE COUNSELING SERVICES TO OVER 81 COMPANIES, LARGELY SMALL AND MEDIUM-SIZED BUSINESSES, AND CONDUCTED 35 EDUCATIONAL EVENTS AND SEMINARS, INCLUDING AN ANNUAL GLOBAL BUSINESS CONFERENCE, ATTRACTING OVER 1,000 PARTICIPANTS. IN 2021, COMPANIES IN PENNSYLVANIA AND NEW JERSEY ASSISTED BY THE WTCGP REPORTED OVER $71M IN INCREMENTAL EXPORT SALES, SUPPORTING 930 JOBS IN THE REGION. IN 2021, SPENDING ON PROGRAMS ACCOUNTING FOR 68% OF TOTAL EXPENSES. EVERY $1 OF WTCGP SPENDING IN 2021 HELPED GENERATE $100 IN EXPORTS BY COMPANIES IN GREATER PHILADELPHIA.
THE WTCGP HELPS COMPANIES SEEKING TO EXPAND GLOBALLY AND INTERNATIONAL COMPANIES INTERESTED IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTS COMPANIES, LARGELY SMALL AND MEDIUM-SIZED EXPORTING BUSINESSES, IN THE FIVE COUNTIES OF SOUTHEASTERN PENNSYLVANIA AND EIGHT COUNTIES OF SOUTHERN NEW JERSEY BY PROVIDING INDIVIDUAL TRADE COUNSELING, MARKET RESEARCH, TRADE MISSION SUPPORT, EDUCATIONAL PROGRAMS, BUSINESS NETWORKING EVENTS, AND ACCESS TO POWERFUL WORLDWIDE CONNECTIONS TO CUSTOMERS AND PARTNERS WORLDWIDE. THE WTCGP IS A CRITICAL CATALYST FOR ECONOMIC GROWTH AND JOB CREATION FOR GREATER PHILADELPHIA, SERVING AS A TRUSTED ADVISOR WITH THE INTERNATIONAL EXPERTISE AND WORLDWIDE CONNECTIONS TO INSPIRE AND EMPOWER COMPANIES TO THINK AND SUCCEED GLOBALLY.IN 2020, THE WTCGP PROVIDED TRADE COUNSELING SERVICES TO OVER 105 COMPANIES, LARGELY SMALL AND MEDIUM-SIZED BUSINESSES, AND CONDUCTED 47 EDUCATIONAL EVENTS AND SEMINARS, INCLUDING AN ANNUAL GLOBAL BUSINESS CONFERENCE, ATTRACTING A TOTAL OF 1,379 PARTICIPANTS. IN 2020, COMPANIES IN PENNSYLVANIA AND NEW JERSEY ASSISTED BY THE WTCGP REPORTED OVER $104M IN INCREMENTAL EXPORT SALES, SUPPORTING 1,349 JOBS IN THE REGION. IN 2020, SPENDING ON PROGRAMS ACCOUNTED FOR 66% OF TOTAL EXPENSES. EVERY $1 OF WTCGP SPENDING IN 2020 HELPED GENERATE $100 IN EXPORTS BY COMPANIES IN GREATER PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Conlin President | Officer | 40 | $133,250 |
Gary P Biehn ESQ Chairman | OfficerTrustee | 0.2 | $0 |
Steven J Batzer Treasurer | OfficerTrustee | 0.2 | $0 |
Joseph J Scalio Vice Chairman | OfficerTrustee | 0.2 | $0 |
Martin G Belisario Secretary | OfficerTrustee | 0.2 | $0 |
Steven S Bradley Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $164,000 |
| Fundraising events | $194,150 |
| Related organizations | $0 |
| Government grants | $478,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,595 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,328 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,595 |
| 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. | $133,723 |
| Compensation of current officers, directors, key employees. | $46,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $65,168 |
| Payroll taxes | $41,838 |
| Fees for services: Management | $49,385 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $150,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,702 |
| Advertising and promotion | $11,415 |
| Office expenses | $13,796 |
| Information technology | $50,780 |
| Royalties | $0 |
| Occupancy | $78,327 |
| Travel | $1,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,622 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,545 |
| Insurance | $8,796 |
| All other expenses | $5,080 |
| Total functional expenses | $1,155,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,049 |
| Accounts receivable, net | $137,528 |
| 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 | $15,239 |
| Net Land, buildings, and equipment | $5,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $486,130 |
| Accounts payable and accrued expenses | $39,422 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,000 |
| Total liabilities | $215,422 |
| Net assets without donor restrictions | $227,708 |
| Net assets with donor restrictions | $43,000 |
| 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 | $486,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Trade Center Of Greater Philadelphia Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Lilliput Foundation Lederach, PA PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Serrv International Inc Westminster, MD | $5,915,930 | $5,889,769 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |
Junior Achievement Usa Baltimore, MD | $5,919,708 | $2,752,721 |