2024-03-29T10:45:55-05:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 232952488 PHILADELPHIA VISITOR CENTER CORPORATION PHIL 2159256101 6TH AND MARKET STREETS PHILADELPHIA PA 19106 BETH COIMBRA CHIEF FINANCIAL OFFICER 2159256101 2024-03-29 1 BETH COIMBRA 999009999 1 MELISSA DUNN P01278330 2155677770 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BETH COIMBRA 6TH AND MARKET STREETS PHILADELPHIA PA 19106 7841743 0 X WWW.PHLVISITORCENTER.COM X 1998 PA PVCC IS THE PRIMARY POINT OF ORIENTATION FOR THE INDEPENDENCE NATIONAL HISTORICAL PARK. 19 19 51 25 0 0 5345744 4486334 1890649 2392325 250304 226556 81473 226675 7568170 7331890 0 0 0 0 2658809 3056198 0 0 0 2959816 4280399 5618625 7336597 1949545 -4707 7660897 8561814 2902315 3628585 4758582 4933229 X PVCC MANAGES INDEPENDENCE VISITOR CENTER, THE PRMIARY POINT OF ORIENTATION FOR INDEPENDENCE NATIONAL HISTORICAL PARK AND THE OFFICIAL VISITOR CENTER OF THE PHILADELPHIA REGION, INCLUDING BUCKS, CHESTER, MONTGOMERY AND DELAWARE COUNTIES. [CONT ON SCH O]PVCC ALSO OPERATES THE LOVE PARK VISITOR CENTER, CITY HALL VISITOR CENTER AND PHILLY PHLASH DOWNTOWN LOOP TRANSIT SERVICE AND THE PRIVATE EVENT SPACE, THE LIBERTY VIEW AT INDEPEDENCE VISITOR CENTER. PVCC PROVIDES ACCESS TO ALL THE CITY HAS TO OFFER: ACTIVITIES, TICKETS, RESERVATIONS AND OPPORTUNITIES. MISSION/BRAND: STARTING HERE CAN LEAD ANYWHERE. PVCC WORKS CLOSELY WITH HOSPITALITY INDUSTRY PARTNERS VISIT PHILADELPHIA AND THE PHILADELPHIA CONVENTION & VISITORS BUREAU AS WELL AS THE CITY OF PHILADELPHIA, NATIONAL PARK SERVICE, AND THE COMMONWEALTH OF PENNSYLVANIA. 0 0 5808829 2619000 IN 2023, THE PHILADELPHIA VISITOR CENTER CORPORATION, MAINTAINED OPERATIONS OF THE INDEPENDENCE VISITOR CENTER AND CONTINUED TO STRIVE TOWARDS PRE-PANDEMIC VISITATION LEVELS CAPTURING A 32% INCREASE IN VISITATION OVER 2022. THIS VISITATION INCREASE IS 53% OF PRE-PANDEMIC VISITATION WHICH WAS 2.5 MILLION VISITORS ANNUALLY. EFFORTS WERE ALSO AIMED AT GRANT ASSISTANCE FOR CONTINUED RECOVERY FROM LOST REVENUES OF THE INDEPENDENCE VISITOR CENTER AND THE PHILLY PHLASH DOWNTOWN LOOP SEASONAL TRANSIT SERVICE. IN ADDITION, GRANT FUNDING WAS USED TO COMPLETE THE FABRICATION OF A NEW VISITOR CENTER LOCATION AT THE PLAZA OF THE PHILADELPHIA MUSEUM OF ART, WHICH IS THE LOCATION OF THE "ROCKY" STATUE [CONT ON SCH O]AN ICONIC AND TOP TOURIST DESTINATION IN THE CITY. THE PLAZA LOCATION WILL OPEN IN FALL 2023. IN SPRING 2023, PVCC BEGAN TO RUN THE ELEVATOR TO THE TOP OF CITY HALL AGAIN; THIS PROVIDES VISITORS WITH A UNIQUE VIEW OF THE CITY AND SURROUNDING AREA. 5808829 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 51 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X BETH COIMBRA CFO 2159256101 6TH AND MARKET STREETS PHILADELPHIA PA 19106 DEBORAH O'BRIEN CHAIR 3.00 X X 0 0 0 TIFFANY NEWMUIS VICE CHAIR 1.00 X X 0 0 0 SHAWN ANDRE MURRAY SECRETARY 1.00 X X 0 0 0 W BRADLEY BATURKA TREASURER 1.00 X X 0 0 0 JOSEPH ASHDALE BOARD MEMBER 1.00 X 0 0 0 THOMAS CARAMANICO BOARD MEMBER 1.00 X 0 0 0 JJ CUTLER BOARD MEMBER 1.00 X 0 0 0 PAUL DECKER BOARD MEMBER 1.00 X 0 0 0 JOHN ESTEY BOARD MEMBER 1.00 X 0 0 0 OLIVER ST CLAIR FRANKLIN BOARD MEMBER 1.00 X 0 0 0 JOHN FRICKE BOARD MEMBER 1.00 X 0 0 0 MARIA GRASSO BOARD MEMBER 1.00 X 0 0 0 LAURI KAVULICH ESQ BOARD MEMBER 1.00 X 0 0 0 STEPHEN MULLIN BOARD MEMBER 1.00 X 0 0 0 ANNE NADOL BOARD MEMBER 1.00 X 0 0 0 AMY SHEARER BOARD MEMBER 1.00 X 0 0 0 ANGELA VAL BOARD MEMBER 1.00 X 0 0 0 ROB GHORMOZ BOARD MEMBER 1.00 X 0 0 0 MARGARET HUGHES BOARD MEMBER 1.00 X 0 0 0 JAMES CUORATO PRESIDENT & CEO (TIL 12/31/22) 50.00 X 246358 0 22235 BETH COIMBRA CFO 50.00 X 92541 0 10079 CHRISTINE KEATES VP & GM 50.00 X 163835 0 19456 JENNIFER NAGLE SPECIAL PROJECTS VP 50.00 X 151362 0 19597 654096 0 71367 3 0 1 0 KRAPF'S COACHES 1060 SAUNDERS LN WEST CHESTER PA 19380 BUS SERVICES 1183595 1 3284360 1201974 4486334 RETAIL STORE SALES 900099 1497042 1497042 FACILITY RENTALS 900099 333156 333156 TRANSIT SERVICES 900099 299023 299023 OTHER PROGRAM INCOME 900099 222362 222362 CONCESSION SALES 900099 40742 40742 2392325 120247 120247 173519 67210 106309 106309 106309 669318 442643 226675 226675 7331890 2319977 0 525579 365051 266748 98303 2250771 1644668 606103 52760 38553 14207 172037 125710 46327 215579 157525 58054 16217 16217 131669 65322 66347 478166 404725 73441 887408 717966 169442 36605 26222 10383 129232 34800 94432 134757 36288 98469 CONTRACTED SERVICES 2021306 1899847 121459 PODCAST AND OTHER EVENT 308842 308842 MISCELLANEOUS 110977 56393 54584 TALENT/COSTUMED CHRCTRS 25220 25220 7336597 5808829 1527768 0 1684928 2780393 247219 154415 799717 279364 461148 548978 38064 44732 101728 101728 0 0 4429821 4753932 7660897 8561814 509855 806847 44460 16278 2348000 2148000 0 657460 2902315 3628585 X 1492220 1454219 3266362 3479010 4758582 4933229 7660897 8561814 -4707 179354 0 X 0 1 X 1 1 1 X 4999974 2608084 2743539 5654022 4785357 20790976 4999974 2608084 2743539 5654022 4785357 20790976 268177 20522799 171317 155283 133205 123584 120247 703636 96530 96530 21591142 11664284 0.95050 0.94880 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS FUNDRAISING REVENUE - 2021 AMOUNT: $ 96,530. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 1.00000 0 0 101728 101728 0 0 REFUNDABLE ADVANCE 657460 657460 X 7495027 179354 -16217 163137 7331890 0 7331890 7320380 0 7320380 16217 16217 7336597 PART V, LINE 4: INCOME FROM THE ENDOWMENT IS FOR GENERAL OPERATIONS. PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. PVCC BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -16,217. X X X 0 0 0 0 0 0 0 0 0 JAMES CUORATO PRESIDENT & CEO (TIL 12/31/22) 246358 0 0 0 0 0 8865 0 13370 0 268593 0 0 0 CHRISTINE KEATES VP & GM 163835 0 0 0 0 0 6146 0 13310 0 183291 0 0 0 JENNIFER NAGLE SPECIAL PROJECTS VP 151362 0 0 0 0 0 6134 0 13463 0 170959 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS SHALL ANNUALLY DETERMINE THAT EACH DIRECTOR ELECTED TO THE BOARD OF DIRECTORS HAS READ THE CONFLICT OF INTEREST POLICY. THE CEO AND FINANCE COMMITTEE MONITOR THE POLICY. IN ADDITION, EACH BOARD MEMBER SHALL ANNUALLY COMPLETE SUCH CONFLICT OF INTEREST FORM AS THE BOARD SHALL REQUIRE. IF ANY CONFLICTS SURFACE THOSE MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS WHERE CONFLICTS WILL BE DISCUSSED. ASSOCIATES WHO VIOLATE THE POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE ORGANIZATION'S CEO IS DETERMINED BY A REVIEW PROCESS WHICH INCLUDES INDEPENDENT DATA ANALYSIS INCLUDING CPI INDEX, DOCUMENTATION OF COMPARABILITY DATA AND APPROVAL BY THE BOARD CHAIR. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.