2021-03-23T13:09:41-05:00 2020-06-30 111986323 MARCUM LLP 1601 MARKET STREET 4TH FLOOR PHILADELPHIA PA 19103 990 2019-07-01 232640369 DAD VAIL REGATTA ORGANIZING COMMITTEE DADV 6109524293 PO BOX 1241 HAVERTOWN PA 19083 J R HANNA PRESIDENT 6105277400 2021-03-16 1 THOMAS MCGLONE P00029799 2152972100 2019 2022-09-23 18:48:47Z J R HANNA PO BOX 1241 HAVERTOWN PA 19083 123702 0 X WWW.DADVAIL.ORG X 1989 PA - TO STIMULATE AND FOSTER INTEREST IN THE SPORT OF ROWING AMONG INDIVIDUALS AND COLLEGES, UNIVERSITIES AND SCHOOLS.- TO PUBLICIZE THE MANIFOLD ADVANTAGES OF ROWING AS A MEANS OF HEALTHY AND PHYSICAL DEVELOPMENT- TO UPHOLD THE PRINCIPLES AND STANDARDS OF AMATEUR RULE AND EQUAL OPPORTUNITY TO COMPETE.- TO FOSTER THE EDUCATION OF STUDENTS IN THE SPORT OF ROWING- TO PROMOTE INTEREST THROUGH COMPETITION AND THE HOLDING OF REGATTAS.- TO HOLD AN ANNUAL REGATTA FOR ALL QUALIFIED COLLEGES AND UNIVERSITIES.- TO PROMOTE SUCCESSFUL COMPETITIONS BY AMERICAN ROWERS IN INTERNATIONAL EVENTS INCLUDING BUT NOT LIMITED TO THE OLYMPICS, THE WORLD CHAMPIONSHIP AND THE PAN AMERICAN GAMES.- TO USE EVERY REASONABLE ENDEAVOR FOR THE ADVANCEMENT AND UPBUILDING OF COLLEGIATE ROWING IN ACCORDANCE WITH THE BEST TRADITIONS OF SPORTSMANSHIP. 23 23 1 0 -36656 0 3750 0 533240 160000 24655 358 4942 -36656 566587 123702 0 0 0 0 99879 45000 0 0 0 529281 84044 629160 129044 -62573 -5342 311585 308448 123056 88605 188529 219843 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE HOLDING OF CHAMPIONSHIP EVENTS AS DESCRIBED IN SECTION 501(J) OF THE INTERNAL REVENUE CODE. 0 0 129044 160000 PRINCIPAL PROGRAM SERVICE ACTIVITIES (SEE FORM 990, PAGE 10, PART IX, LINE 25) ARE:(1) CORPORATE OPERATIONS- REQUIRED FOR YEAR OVER YEAR CONTINUITY TO ACHIEVE DVROC MISSION OBJECTIVES AND PURPOSES.(2) REGATTA PREPARATION - ACTIVITIES REQUIRED TO PREPARE THE VENUE FOR COMPETITION AND FOR PRESENTING AN ENJOYABLE EXPERIENCE FOR ATHLETES, SPONSORS, AND SPECTATORS.(3) REGATTA COMPETITION - ACTIVITIES ASSOCIATED WITH REGISTERING COMPETITORS AND CONDUCTING COMPETITIVE RACING WITH SAFETY AND FAIRNESS TO ALL COMPETITORS.(4) COMMUNITY SUPPORT - ACTIVITIES ASSOCIATED WITH SUPPORTING THE METROPOLITAN PHILADELPHIA ROWING COMMUNITY.PRINCIPAL PROGRAM SERVICE ACTIVITIES ARE EXECUTED CONTINUALLY THROUGHOUT OUR FISCAL YEAR. HOWEVER, THE COVID19 PANDEMIC SUSPENDED THEN CANCELLED OUR REGATTA PREPARATION AND REGATTA COMPETITION ACTIVITIES THIS FISCAL YEAR. 129044 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 18 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 1 0 PA X J R HANNA PRESIDENT 6109524293 PO BOX 1241 HAVERTOWN PA 19083 X ERIC ZILLMER MEMBER 0.50 X 0 0 0 WILLIAM K JURGENS JR MEMBER 0.50 X 0 0 0 MORRIE LEDWITH MEMBER 0.50 X 0 0 0 JOHN J MUSIAL MEMBER 0.50 X 0 0 0 BRADEN J NEGAARD MEMBER 0.50 X 0 0 0 FRANCIS W CONNORS MEMBER 0.50 X 0 0 0 KIRSTEN LEDWITH MORASCO MEMBER 0.50 X 0 0 0 PATRICIA A WINTON RECORDING SECRETARY 0.50 X X 0 0 0 CHRISTOPHER L O'BRIEN JR MEMBER 0.50 X 0 0 0 DON DIJULIA MEMBER 0.50 X 0 0 0 KEVIN DAVIS MEMBER 0.50 X 0 0 0 JOHN R GALLOWAY CHAIRMAN 1.00 X X 0 0 0 KEVIN F BACKE VICE PRESIDENT 2.00 X X 0 0 0 JAMES R HANNA PRESIDENT 10.00 X X 0 0 0 PATRICK MCCANN VICE PRESIDENT 2.00 X X 0 0 0 JOHN F LEONARD REGATTA SECRETARY 2.00 X X 0 0 0 THOMAS G DELUTIS TREASURER 5.53 X X 0 0 0 GREGORY P MONTANARO MEMBER 0.50 X 0 0 0 LAUREN M VIDAS MEMBER 0.50 X 0 0 0 JAMIE LS LINDSAY MEMBER 0.50 X 0 0 0 WILLIAM BRADSHAW MEMBER 0.50 X 0 0 0 DESRON DORSET MEMBER 0.50 X 0 0 0 KATHLEEN MADDEN MEMBER 0.50 X 0 0 0 0 0 0 0 0 0 0 0 SPONSORSHIP 900099 258166 258166 REGATTA 900099 51768 51768 VENDOR 900099 13092 13092 CORPORATE CHALLENGE CU 900099 7249 7249 MISCELLANEOUS 900099 5756 5756 -176031 -176031 160000 358 358 PRSC LLC ORDINARY INCO 900099 -36656 -36656 -36656 123702 160000 -36656 358 45000 45000 SPONSORSHIP ACTIVITY 130596 130596 REGATTA PRODUCTION 98555 98555 VENDOR 15039 15039 CORPORATE CHALLENGE CUP 7536 7536 -167682 -167682 129044 129044 0 0 38389 32732 130603 150905 21510 5490 3128 3128 1858 1858 230607 222896 10414 7711 100467 106202 5216 422 311585 308448 97537 13594 25519 75011 123056 88605 X 188529 219843 188529 219843 311585 308448 X -5342 36656 X 0 0 0 X 163275 151025 156775 162850 160000 793925 257571 604526 429141 374140 0 1665378 420846 755551 585916 536990 160000 2459303 0 0 0 2459303 13006 14367 10866 14662 358 53259 13006 14367 10866 14662 358 53259 11 12 21758 23882 45663 433863 769930 618540 575534 160358 2558225 0.96130 0.96310 0.02080 0.02140 X 32858 25147 7711 197749 197749 0 7711 106202 C 106202 DUE TO PRSC, LLC 1631 DEFERRED AFFILIATE FEE REVENUE 50375 PPP LOAN 23005 75011 JOHN LEONARD DIRECTOR 2784 INSURANCE BROKERAGE SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 EXPLANATION OF RELATIONSHIP: FAMILY FORM 990, PART VI, SECTION A, LINE 8B NOT ALL COMMITTEES CONTEMPORANEOUSLY DOCUMENTS ALL MEETINGS HELD. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 IS A REVIEW BY THE TREASURER WHO APPROVES ALL DISBURSEMENTS FOLLOWED BY A REVIEW BY THE PRESIDENT, WHO SIGNS ALL CHECKS AND HAS THE CREDENTIAL OF A PRACTICING CERTIFIED PUBLIC ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C CHAIRMAN, PRESIDENT, AND TREASURER MONITOR DISCUSSIONS AND ACTIONS OF BOARD MEMBERS FOR INCIDENTS WHICH MAY RISE TO THE LEVEL OF REACHING THE CONFLICT THRESHOLD. FORM 990, PART VI, SECTION C, LINE 19 CONFLICT OF INTEREST POLICIES, FINANCIAL STATEMENTS CONTAINING EXTENSIVE FOOTNOTE DISCLOSURES ON ALL CONTRACTUAL RELATIONSHIPS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AS WELL AS THE GOVERNING DOCUMENTS. FORM 990, PART XI, LINE 9: PSRC LLC ORDINARY LOSS 36,656. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: EQUITY WAS ADJUSTED FOR THE PARTNERSHIP LOSS NOT REPORTED ON THE FINANCIAL STATEMENTS. PHILADELPHIA REGATTA SERVICES COMPANY 539 TIMBER LANE DEVON PA 19333 831849962 REGATTA SERVICES PA -36656 78753 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PRSC LLC R 29623 FAIR MARKET VALUE