Schuylkill River Development Corporation

Schuylkill River Development Corporation Overview

Schuylkill River Development Corporation is located in Philadelphia, PA. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Schuylkill River Development Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Schuylkill River Development Corporation generated $7.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REVITALIZE SCHUYLKILL RIVER CORRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAPITAL PROJECTS - GOAL IS TO PROMOTE THE CREATION OF A PUBLIC PARK, TRAIL AND GREENWAY ALONG THE BANKS OF THE SCHUYLKILL RIVER IN THE CITY OF PHILADELPHIA AND TO ASSIST IN THE UPKEEP OF SUCH PARK, THEREBY LESSENING THE BURDEN OF CITY GOVERNMENT AND PROMOTING ECONOMIC DEVELOPMENT OF ADJACENT LAND.


MAINTENANCE PROGRAM - SRDC HAS AN AGREEMENT WITH PHILADELPHIA PARKS AND RECREATION TO SHARE MAINTENANCE RESPONSIBILITY FOR SCHUYLKILL BANKS. THIS PUBLIC-PRIVATE PARTNERSHIP LESSENS THE BURDEN ON GOVERNMENT AND INCREASES THE LEVEL OF UPKEEP ON SCHUYLKILL BANKS. THIS IN TURN MAKES THE SITE MORE ATTRACTIVE AND VALUABLE FROM A QUALITY OF LIFE STANDPOINT. DURING THE YEAR, MAINTENANCE EFFORTS CONTINUED BUT WITH A MINIMAL NUMBER OF VOLUNTEERS DUE TO COVID-19 RESTRICTIONS.


COMMUNITY PROGRAMMING - ANOTHER SRDC GOAL IS TO ENLIVEN SCHUYLKILL BANKS AND STRENGTHEN NEIGHBORHOOD CONNECTIONS BY CREATING ATTRACTIONS AND DESTINATIONS ALONG THE TRAIL AND GREENWAY. THIS IS DONE PARTIALLY THROUGH PUBLIC PROGRAMMING, SUCH AS OUTDOOR MOVIES, RIVER TOURS AND OTHER SPECIAL EVENTS. THESE ACTIVITIES CREATE A DESIRE TO BE ON THE BANKS AND TO ENJOY THE AMENITIES PROVIDED. DURING THE YEAR, THE PROGRAMMING ACTIVITIES WERE GREATLY REDUCED DUE TO COVID-19 RESTRICTIONS RELATING TO CROWDS.


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Schuylkill River Development Corporation Board, Officers & Key Employees

Name (title)Compensation
Joseph R Syrnick
President/ceo
$209,202
Brian Keech
Vice Chairman
$0
Jamie M Gershkow
Secretary
$0
Gerard H Sweeney
Chairman
$0
Anne Papageorge
Treasurer
$0
David Cuff
Board Member
$0

Schuylkill River Development Corporation Vendors

Vendor Name (Service)Compensation
Seravelli Inc
General Trail Construction
$1,136,834
Aecom Technical Services
Engineering Services
$1,878,246
Urban Engineers
Engineering Services
$178,462
Rockport Construction Co
General Trail Construction
$474,217
Pennoni Associates Inc
Architecture/engineering Services
$301,350
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,093,451
All other contributions, gifts, grants, and similar amounts not included above$799,541
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,892,992
Total Program Service Revenue$2,154
Investment income $69,898
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $6,965,044

Schuylkill River Development Corporation Grants Recieved

Over the last fiscal year, we have identified 1 grants that Schuylkill River Development Corporation has recieved totaling $1,500.

Awarding OrganizationAmount
Henry Dolfinger 2 Tr Uw

Philadelphia, PA

PURPOSE: GENERAL

$1,500
View Grant Recipient Profile

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