World Trade Center Of Greater Philadelphia Inc
- Assets
- $459.6k
- Revenue
- $720.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Philadelphia, PA
- Founding
- 04/2003
- Data as of
- 12/2022
- 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 12/2022, World Trade Center Of Greater Philadelphia Inc employed 15 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 12/2022, World Trade Center Of Greater Philadelphia Inc generated $720.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $956.0k during the year ending 12/2022. 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
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 INTERNATIONAL EXPERTISE AND WORLDWIDE CONNECTIONS TO INSPIRE AND EMPOWER COMPANIES TO THINK AND SUCCEED GLOBALLY. IN 2022, THE WTCGP PROVIDED TRADE COUNSELING SERVICES TO OVER 108 COMPANIES, LARGELY SMALL AND MEDIUM-SIZED BUSINESSES, AND CONDUCTED 20 EDUCATIONAL EVENTS AND SEMINARS, INCLUDING AN ANNUAL GLOBAL BUSINESS CONFERENCE, ATTRACTING OVER 550 PARTICIPANTS. IN 2022, COMPANIES IN PENNSYLVANIA AND NEW JERSEY ASSISTED BY THE WTCGP REPORTED OVER $98M IN INCREMENTAL EXPORT SALES, SUPPORTING 823 JOBS IN THE REGION. EVERY $1 OF WTCGP SPENDING IN 2022 HELPED GENERATE $100 IN EXPORTS BY COMPANIES IN GREATER PHILADELPHIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary P Biehn ESQ Chairman | OfficerTrustee | 0.2 | $0 |
Joseph J Scalio Vice Chairman | OfficerTrustee | 0.2 | $0 |
Steven J Batzer Treasurer | OfficerTrustee | 0.2 | $0 |
Martin G Belisario Secretary | OfficerTrustee | 0.2 | $0 |
Dr John A Bennett Board Member | Trustee | 0.2 | $0 |
Steven S Bradley Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,400 |
| Fundraising events | $309,613 |
| Related organizations | $0 |
| Government grants | $362,168 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $762,181 |
| 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 | -$41,460 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $720,721 |
| 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. | $133,250 |
| Compensation of current officers, directors, key employees. | $33,313 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $401,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,298 |
| Payroll taxes | $40,845 |
| Fees for services: Management | $58,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,105 |
| Advertising and promotion | $34,117 |
| Office expenses | $14,291 |
| Information technology | $20,866 |
| Royalties | $0 |
| Occupancy | $77,330 |
| Travel | $7,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,050 |
| Interest | $5,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,428 |
| Insurance | $9,480 |
| All other expenses | $210 |
| Total functional expenses | $956,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $98,147 |
| Accounts receivable, net | $54,250 |
| 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 | $6,328 |
| Net Land, buildings, and equipment | $1,349 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,629 |
| Total assets | $459,633 |
| Accounts payable and accrued expenses | $61,209 |
| 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 | $300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,023 |
| Total liabilities | $424,232 |
| Net assets without donor restrictions | $15,651 |
| Net assets with donor restrictions | $19,750 |
| 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 | $459,633 |