Delaware Valley Industrial Resource Center
- Assets
- $3.0m
- Revenue
- $7.9m
- Investments
- $50.0k
- Employees
- 33
- Location
- Philadelphia, PA
- Founding
- 10/1989
- Data as of
- 06/2021
- 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 06/2021, Delaware Valley Industrial Resource Center employed 33 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 06/2021, Delaware Valley Industrial Resource Center generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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
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 | $265,224 |
Anthony Girifalco Sr. Vice President | Officer | 37.5 | $185,664 |
Veronica Abdus-Saboor CFO & Treasurer | Officer | 37.5 | $171,972 |
Mark Basla Sr. Vice President, Cmo | Officer | 37.5 | $150,859 |
Christopher Scafario Chief Operating Officer | 37.5 | $135,302 | |
Sylvia Wower VP Research & Strat. Growth | 37.5 | $131,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Small Business Design Center Graphic Design & Market Development Serv | 6/29/21 | $351,907 |
Writing Works Sales Development Services | 6/29/21 | $195,399 |
Prosit Business Consulting Llc Continuous Improvement | 6/29/21 | $150,019 |
The Hallmark Group Human Resources | 6/29/21 | $138,180 |
Human Capital Consulting Human Resources | 6/29/21 | $116,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,249,301 |
| 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 | $4,249,301 |
| Total Program Service Revenue | $3,452,352 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,430 |
| 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 | $7,894,285 |
| 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. | $1,058,560 |
| Compensation of current officers, directors, key employees. | $506,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,305,538 |
| Pension plan accruals and contributions | $243,580 |
| Other employee benefits | $548,684 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $576 |
| Fees for services: Accounting | $41,856 |
| Fees for services: Lobbying | $11,915 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,672,630 |
| Advertising and promotion | $0 |
| Office expenses | $50,199 |
| Information technology | $296,467 |
| Royalties | $0 |
| Occupancy | $65,370 |
| Travel | $37,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,925 |
| Insurance | $74,480 |
| All other expenses | $0 |
| Total functional expenses | $6,941,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $477,605 |
| Accounts receivable, net | $536,336 |
| 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 | $575,938 |
| Net Land, buildings, and equipment | $519,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $50,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,959,574 |
| Accounts payable and accrued expenses | $1,132,328 |
| 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 | $57,236 |
| Total liabilities | $1,189,564 |
| Net assets without donor restrictions | $1,770,010 |
| 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 | $2,959,574 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware Valley Industrial Resource Center has recieved totaling $1,429,940.
| Awarding Organization | Amount |
|---|---|
Pa Irc Network Foundation Williamsport, PA PURPOSE: MANUFACTURING EXTENSION PARTNERSHIP, NEAP/CARES | $1,429,940 |
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 |