2023-10-18T17:46:25-05:00 2022-12-31 WITHUMSMITHBROWNPC 200 S ORANGE AVESTE 1200 ORLANDO FL 328013400 990 2022-01-01 822062953 PHILADELPHIA HOSPITALITY INVESTMENT LEVY % JOSHUA RUEKHEIM PHIL 2155571992 1617 JOHN F KENNEDY BLVD Suite 810 PHILADELPHIA PA 19103 JOSHUA RUEKHEIM FINANCE DIRECTOR 2155571992 2023-11-15 true JOSHUA RUEKHEIM 999009999 ERIK A HALLUSKA CPA P01954172 4078491569 2022 2023-04-26 12:10:37Z JOSHUA RUECKHEIM 1617 JOHN F KENNEDY BLVD810 PHILADELPHIA PA 19103 7711652 false X WWW.PHLINVESTMENTLEVY.ORG X 2017 PA TO PROMOTE THE COMMON INTERESTS OF, AND IMPROVE BUSINESS CONDITIONS FOR, PHILADELPHIA HOTELS 18 18 0 20 0 0 0 0 2897376 5014360 493603 427486 0 0 3390979 5441846 3115197 1627932 0 0 0 0 0 0 0 578985 552219 3694182 2180151 -303203 3261695 11013026 12786846 0 0 11013026 12786846 TO PROMOTE THE COMMON INTERESTS OF, AND IMPROVE BUSINESS CONDITIONS FOR, PHILADELPHIA HOTELS THROUGH THE DEVELOPMENT AND OPERATION OF THE PHILADELPHIA HOSPITALITY IMPROVEMENT LEVY DISTRICT (PHIL DISTRICT) AND OTHER PROGRAMS AND INTIATIVES. false false PHIL GRANTS - GRANTS PROVIDED TO ORGANIZATION IN ORDER TO INCREASE OVERNIGHT ROOM DEMAND IN PHILADELPHIA, PRIMARILY THROUGH FUNDING MAJOR CONVENTIONS AND CITY-WIDE EVENTS. false false false false false false false false false false false false false false true true false false false false false false false false false false true false false false false false true false false false false false false false false false false true 0 0 0 false false false false false false false false X 18 18 false true false false true true false true true false false true true true true true true false false false X JOSHUA RUEKHEIM 2155571992 1617 JOHN F KENNEDY BLVD NO 810 PHILADELPHIA PA 19103 X LEONARD BUCKLEY BOARD MEMBER 1.0 0.0 X 0 0 0 JIM McSWIGAN BOARD MEMBER 1.0 0.0 X 0 0 0 ANGELA BAUER BOARD MEMBER 1.0 0.0 X 0 0 0 REGINALD ARCHAMBAULT BOARD MEMBER 1.0 0.0 X 0 0 0 JAMES ADAMSON BOARD MEMBER 1.0 0.0 X 0 0 0 JO ANN BONGART BOARD MEMBER 1.0 0.0 X 0 0 0 ANNETTE CRISPIN BOARD MEMBER 1.0 0.0 X 0 0 0 VINESHA WIMBERLY BOARD MEMBER 1.0 0.0 X 0 0 0 JIM SALVO BOARD MEMBER 1.0 0.0 X 0 0 0 COLIN WALSH BOARD MEMBER 1.0 0.0 X 0 0 0 ED BATEN BOARD MEMBER 1.0 0.0 X 0 0 0 ANNE NADOL BOARD MEMBER 1.0 0.0 X 0 0 0 SEBASTIEN GRESSIER BOARD MEMBER 1.0 0.0 X 0 0 0 BOB COSGROVE BOARD MEMBER 1.0 0.0 X 0 0 0 EVAN EVANS BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD FARRINGTON BOARD MEMBER 1.0 0.0 X 0 0 0 MATT NELSON BOARD MEMBER 1.0 0.0 X 0 0 0 JOANN WRENN BOARD MEMBER 1.0 0.0 X 0 0 0 EDWARD GROSE PRESIDENT 1.0 0.0 X 0 0 0 JOSHUA RUECKHEIM ASSISTANT SECRETARY 1.0 0.0 X 0 0 0 0 0 0 0 false false false ALTA MANAGEMENT SERVICES INC 1617 JOHN F KENNEDY BLVD 810 PHILADELPHIA PA 19103 MANAGEMENT SERVICES 472714 1 0 HOTEL FEES 900099 5014360 5014360 5014360 155624 0 155624 0 0 0 0 0 2541668 2269806 271862 271862 271862 0 0 0 0 0 0 0 0 0 0 5441846 5014360 0 427486 1627932 0 0 0 0 0 0 0 0 0 472714 0 12075 0 0 51618 8412 0 3142 0 0 0 1040 0 0 0 0 0 2000 TAXES AND LICENSES 1218 2180151 0 0 227088 316022 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10785938 12470824 0 0 0 0 0 0 0 0 11013026 12786846 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11013026 12786846 0 0 11013026 12786846 11013026 12786846 3261695 -1487875 X X false true X true false 0 0 X 3902353 -1487875 -1487875 5390228 51618 51618 5441846 2128533 2128533 51618 51618 2180151 PART X, LINE 2 THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXCES UNDER THE PROVISIONS OF IRC SECTION 501(C)(6) AND APPLICABLE STATE TAX STATUES. true PHILADELPHIA CONVENTION & VISITORS BUREAU 1610 MARKET ST 200 PHILADELPHIA PA 19103 230969325 501(C)(6) 1312932 FMV SUPPORT CITY-WIDE CONVENTIONS AND EVENTS FED OF AMERICAN SOCIETIES FOR EXPERIMENTAL BIOLOGY PO BOX 2288 ROCKVILLE MD 20847 520700497 501(C)(3) 250000 FMV SUPPORT CITY-WIDE CONVENTIONS AND EVENTS IN PHILADELPHIA REED EXHIBITIONS 201 MERRITT 7 BLDG NORWALK CT 06851 521471842 N/A 15000 FMV SUPPORT CITY WIDE CONVENTIONS AND EVENTS GREATER PHILADELPHIA TOURISM MARKETING CORPORATION 30 S 17TH ST 2010 PHILADELPHIA PA 19103 232847538 501(C)(3) 50000 FMV SUPPORT CITY-WIDE CONVENTIONS AND EVENTS 2 2 PART I, LINE 2 GRANTS ARE USED TO FUND MAJOR EVENTS IN THE CITY OF PHILADELPHIA THAT CREATE SIGNIFICANT OVERNIGHT ROOM-NIGHT DEMAND. IF THE EVENT OCCURS, THE GRANT IS ISSUED. GRANTS ARE DECIDED BASED ON A VOTE FROM 14 VOTING MEMBERS AFTER A REVIEW AND RECOMMENDATION FROM AN ADVISORY COMMITTEE THAT INCLUDES 4 INDEPENDENT HOTEL REVENUE AND SALES EXPERTS. THE ADVISORY COMMITTEE LOOKS AT BOOKING HISTORY, CUSTOMER PROJECTIONS, HISTORICAL PERFORMANCE FOR THE CITY, HISTORICAL PERFORMANCE OF THE GROUP, BOOKING PACE FOR THE CITY, AND MANY OTHER ATTRIBUTES WHILE EVALUATING EACH GRANT. ALTA MANAGEMENT SERVICES EDWARD R. GROSE PRESIDENT OF THE ORGANIZATION AND PREWSIDENT OF AMS 472714 AMS PROVIDES MNGT SERVICES false SCH L, PART IV, BUSINESS TRANSACTION INVOLVING INTERESTED PERSONS (A) NAME OF THE PERSON: ALTA MANAGEMENT SERVICES, INC. (AMS) (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: EDWARD R. GROSE IS OFFICER OF ORGANIZATION AND PRESIDENT OF AMS (C) AMOUNT OF TRANSACTION $472,714. (D) DESCRIPTION OF TRANSACTION: AMS PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION. THROUGHOUT THE YEAR THE ORGANIZATION INCURRED EXPENSES TOTALLING $472,714 FOR THE SERVICES PROVIDED BY THE AMS. (E) SHARING OF ORGANIZATION REVENUES? = NO. (E) SHARING OF ORGANIZATION REVENUES? = NO. FORM 990 PART VI, SECTION A, LINE 3 MANAGEMENT SERVICES ARE PERFORMED BY ALTA MANAGEMENT SERVICES, INC. (AMS). THEY PROVIDE ALL PERSONNEL, OFFICE SPACE, AND TOOLS TO RUN ALL PROGRAMMING AND DAY TO DAY ACTIVITIES OF THE FUND. THEY WERE PAID $472,714 DURING 2022 FOR THESE SERVICES. THE PRESIDENT OF THE PHIL, EDWARD R. GROSE IS THE PRESIDENT OF AMS AND IS NOT PAID A SALARY BY AMS FOR BEING THE PRESIDENT OF PHIL. FORM 990, PART VI, SECTI9ON A, LINE 6 THERE SHALL BE ONE CLASS OF MEMBERS, HOTEL MEMBER. A HOTEL MEMBER SHALL BE ANY HOTEL ASSESSED BY THE PHIL, WHICH HAS BEEN DULY ADMITTED TO MEMBERSHIP. ALL HOTEL MEMBERS MUST SUBMIT, UPON DEMAND BY THE BOARD, EVIDENCE OF COMPLIANCE WITH THE PHIL ASSESSMENT. FORM 990, PART VI, SECTION, LINE 7A THE FOLLOWING ARE ELECTED/APPOINTED BY THE HOTEL MEMBER THEY REPRESENT ONE DIRECTOR REPRESENTING THE COMMERCE DIRECTOR OF THE CITY OF PHILADELPHIA (PERMANENT SEAT) FOUR DIRECTORS SHALL HAVE A PERMANENT SEAT ON THE BOARD, AND THEY SHALL BE THOSE REPRESENTING CONVENTION LODGING PROPERTIES: THE DOWNTOWN MARRIOTT, LOEWS, DOWNTOWN SHERATON, AND W/ELEMENT LODGING PROPERTIES THE FOLLOWING ARE ELECTED/APPOINTED BY THE PHIL MEMBER HOTELS: SIX DIRECTORS REPRESENTING CENTER CITY (NON-CONVENTION) LODGING PROPERTIES ONE DIRECTOR REPRESENTING WATERFRONT/UNIVERSITY CITY LODGING PROPERTIES ONE DIRECTOR REPRESENTING CITY AVENUE/NORTHEAST PHILADELPHIA LODGING PROPERTIES. TWO DIRECTORS REPRESENTING NAVY YARD/AIRPORT LODGING PROPERTIES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE (IRS). TYHE DRAFT 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW WITH A REQUEST TO BRING UP ANY CONCERNS BEFORE A SPECIFIC DATE. IF NO CONCERNS ARE BROUGHT FORWARD BY THAT DATE, THE FORM 990 IS CONSIDERED APPROVED. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, WHO HAS A DIRECT MATERIAL FINANCIAL INTEREST, IS AN INTERESTED PERSON. KEY EMPLOYEE MEANS THE EXECUTIVE DIRECTOR AND ANY OTHER MANAGERIAL STAFF WHO DIRECTLY REPORT TO THE BOARD OF DIRECTORS. EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE OF THE PHIL SHALL PROMPTLY DISCLOSE ANY MATERIAL FINANCIAL INTEREST THAT HE OR SHE HAS OR REASONABLY EXPECTS TO HAVE IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE PHIL PRIOR TO THE START OF ANY DISCUSSIONS WITH RESPECT TO SUCH MATTER. A. DIRECTORS, OFFICERS, AND KEY EMPLOYEES WILL ANNUALLY COMPLETE A DISCLOSURE STATEMENT DETAILING KNOWN MATERIAL FINANCIAL INTERESTS WITH CURRENT AND RECENT PHIL CONTRACTORS. DISCLOSURE STATEMENTS WILL BE UPDATED AT ANY TIME A MATERIAL FINANCIAL INTEREST BECOMES APPARENT. THE DISCLOSURE STATEMENTS ARE PROVIDED TO THE INDEPENDENT BOARD OF DIRECTORS FOR EVALUATION. B. THE INTERESTED DIRECTOR MUST LEAVE THE ROOM UNTIL AFTER THE DISCUSSION VOTE, AND ANY OTHER DISPOSITION OF THE MATTER IS CONCLUDED, UNLESS THE MATTER HAS BEEN PLACED ON THE PORTION OF THE AGENDA RESERVED FOR UNCONTESTED MATTERS C. THE CHAIR OF THE BOARD OR COMMITTEE SHALL IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. D. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE PHIL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. E. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT FORM 990, PART VI, SECTION B, LINE 15 AT THIS TIME THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUAL THAT MEETS THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.