2025-03-21T12:38:43-04:00 2024-06-30 WITHUMSMITHBROWN PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2023-07-01 232690558 SCHUYLKILL RIVER DEVELOPMENT CORPORATION % THE ORGANIZATION SCHU 2153095523 2401 WALNUT STREET Suite 603 PHILADELPHIA PA 19103 JOSEPH R SYRNICK PRESIDENT/CEO 2153095523 2025-03-17 true true RICHARD L RUVELSON P00234075 2155462140 2023 2025-03-06 01:10:19Z JOSEPH R SYRNICK 2401 WALNUT STREET603 PHILADELPHIA PA 19103 2082403 false X WWW.SCHUYLKILLBANKS.ORG X 1992 PA REVITALIZE SCHUYLKILL RIVER CARRIDOR TO CONNECT NEIGHBORHOODS AND ENCOURAGE INVESTMENT. 25 25 5 810 0 0 2242303 1815211 5120 5205 91298 261987 0 0 2338721 2082403 0 0 0 0 671680 666867 0 0 193146 2398161 1038244 3069841 1705111 -731120 377292 9714516 10174623 854538 792383 8859978 9382240 X SRDC IS REVITALIZING PHILADELPHIA'S TIDAL SCHUYLKILL RIVER CORRIDOR INTO AN ASSET THAT CONNECTS NEIGHBORHOODS AND ENCOURAGES INVESTMENT. WORKING WITH THE CITY AND STAKEHOLDERS TO BUILD, MAINTAIN, AND PROGRAM SCHUYLKILL BANKS, SRDC DRIVES IMPROVEMENTS IN RECREATION AND TRANSPORTATION, COMMUNITY AND ECONOMIC DEVELOPMENT, PUBLIC HEALTH, AND ENVIRONMENTAL STEWARDSHIP, BENEFITING NEIGHBORS, PHILADELPHIA AND THE REGION. false false 1161708 CAPITAL PROJECTS - GOAL IS TO PROMOTE AND ASSIST IN THE CREATION OF A PUBLIC PARK, TRAIL AND GREENWAY ALONG THE BANKS OF THE TIDAL SCHUYLKILL RIVER IN THE CITY OF PHILADELPHIA. 49645 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. MUCH OF THE WORK IS DONE BY VOLUNTEERS ESPECIALLY DURING THE SUMMER SEASON. 24618 5205 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. 1235971 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false true 12 0 true 5 true false false false false false false false false false false false false X 25 25 false false false false false false false true true false false true true true true true true true true false PA X THE ORGANIZATION 2153095523 2401 WALNUT STREET SUITE 603 PHILADELPHIA PA 19103 JOSEPH R SYRNICK PRESIDENT/CEO 52.0 0.0 X 230000 0 42651 BLAISE SYRNYCK OPERATIONS MANAGER 40.0 0.0 X 101563 0 26210 HEATHER SAEGER COO 40.0 0.0 X 85625 0 15821 GERARD H SWEENEY CHAIRMAN 1.5 0.0 X X 0 0 0 BRIAN KEECH VICE CHAIRMAN 1.0 0.0 X X 0 0 0 ANNE PAPAGEORGE TREASURER 1.0 0.0 X X 0 0 0 MARC J ARMSTRONG BOARD MEMBER 0.5 0.0 X 0 0 0 MICHAEL CARROLL PE BOARD MEMBER 0.5 0.0 X 0 0 0 SCOTT COOPER BOARD MEMBER 0.5 0.0 X 0 0 0 DAVID CUFF BOARD MEMBER 0.5 0.0 X 0 0 0 PASQUALE T DEON BOARD MEMBER 0.5 0.0 X 0 0 0 JENNIFER HANNA BOARD MEMBER 0.5 0.0 X 0 0 0 EDWARD HAZZOURI ESQ BOARD MEMBER 0.5 0.0 X 0 0 0 KENNETH E LAWRENCE BOARD MEMBER 0.5 0.0 X 0 0 0 JOSEPH MCGINN BOARD MEMBER 0.5 0.0 X 0 0 0 ROBERT NIX III ESQ BOARD MEMBER 0.5 0.0 X 0 0 0 RODNEY J OGLESBY BOARD MEMBER 0.5 0.0 X 0 0 0 KATHRYN OTT LOVELL BOARD MEMBER 0.5 0.0 X 0 0 0 REBECCA RHYNHART BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN WESTRUM BOARD MEMBER 0.5 0.0 X 0 0 0 Kathy Cacciola BOARD MEMBER 0.5 0.0 X 0 0 0 Pamela Clark BOARD MEMBER 0.5 0.0 X 0 0 0 Ken Gedaka BOARD MEMBER 0.5 0.0 X 0 0 0 Keola Harrington BOARD MEMBER 0.5 0.0 X 0 0 0 Jodie Harris BOARD MEMBER 0.5 0.0 X 0 0 0 Alba Martinez BOARD MEMBER 0.5 0.0 X 0 0 0 Donald Moore BOARD MEMBER 0.5 0.0 X 0 0 0 Karen Smith BOARD MEMBER 0.5 0.0 X 0 0 0 417188 0 84682 2 false true false COMMERCE CONSTRUCTION CORPORATION 603 HERON DRIVE Bridgeport NJ 08014 MARINE CONSTRUCTION 488791 WSP USA INC ONE PENN PLAZA 4TH FLOOR New York NY 10119 DESIGN SERVICES 280459 WALKER DIVING UNDERWATER CONSTRUCTI 75 WATERFORD ROAD HAMMONTON NJ 08037 MARINE CONSTRUCTION 195483 COMMONWEALTH STRATEGIES 351 WINDING WAY MERION STATION PA 19066 GOVERNMENT RELATIONS 120000 4 1086912 728299 1815211 BOAT TOURS & Other 900090 5205 5205 5205 261987 261987 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2082403 5205 0 261987 0 0 0 0 265928 184864 55986 25078 0 296402 206048 62402 27952 44955 31251 9464 4239 23000 15989 4842 2169 36582 25431 7702 3450 0 12889 12889 16600 16600 0 0 0 181091 42691 18400 120000 6308 6194 114 16153 16153 0 0 96929 45362 46527 5040 5404 5404 0 0 0 0 10821 5411 4870 540 22560 11280 11280 const/site improvement 326693 326693 consultants/planning 260494 260494 PARK MAINTENANCE 49645 49645 COMMUNITY EVENTS 24618 24618 8039 3361 4678 1705111 1235971 275994 193146 1970274 1282005 5186491 5406805 0 0 800816 605955 0 0 0 0 0 0 0 0 36848 34216 137989 97905 30810 40084 1087115 2273759 0 0 0 0 0 0 602162 531799 9714516 10174623 128876 110982 0 0 123500 123500 0 0 0 0 0 0 0 0 0 0 602162 557901 854538 792383 X 5387134 5830296 3472844 3551944 8859978 9382240 9714516 10174623 377292 144970 X false true X true false X 5105505 6892992 2771826 2242303 1815211 18827837 0 0 5105505 6892992 2771826 2242303 1815211 18827837 362113 18465724 93128 69898 50213 91298 261987 566524 0 0 19394361 20771 0.95212 0.78340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137989 97905 40084 40084 RIGHT OF USE ASSET 531799 531799 0 operating lease obligation 557901 557901 X 2233773 144970 6400 151370 2082403 2082403 1711511 6400 6400 1705111 1705111 PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER ASC 740: SRDC HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. SRDC BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD. X X X false false false false false false false false false JOSEPH R SYRNICK PRESIDENT/CEO 230000 0 0 0 0 0 6000 0 36651 0 272651 0 0 0 0 BLAISE SYRNICK BROTHER OF EXECUTIVE DIRECTOR AND EMPLOYEE OF SRDC 126929 ANNUAL SALARY AND BENEFITS false SCHEDULE L, PART IV: BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: BLAISE SYRNICK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: BROTHER OF EXECUTIVE DIRECTOR AND EMPLOYEE OF SRDC (D) DESCRIPTION OF TRANSACTION: ANNUAL SALARY & BENEFITS AS EMPLOYEE OF SRDC FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BOARD REVIEW OF FORM 990 AFTER THE FORM 990 IS COMPLETED BUT BEFORE IT IS FILED, IT IS SENT TO THE EXECUTIVE COMMITTEE FOR PRELIMINARY REVIEW. FOLLOWING REVIEW BY THE COMMITTEE AND AFTER POSSIBLE MODIFICATIONS, THE FORM 990 IS OFFERED TO ALL BOARD MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY THE CONFLICT OF INTEREST POLICY IS TAKEN SERIOUSLY BY THE BOARD. SHOULD A CONFLICT BE SUSPECTED OR DECLARED, THE CONFLICTED BOARD MEMBER WILL RECUSE HIMSELF/HERSELF IN ACCORDANCE WITH SRDC'S POLICY. ALSO, EACH FALL, AT THE ANNUAL MEETING, SRDC'S CONFLICT OF INTEREST POLICY IS PROACTIVELY PRESENTED AND DISCUSSED, AND EACH BOARD MEMBER IS ASKED TO SIGN A STATEMENT THAT HE/SHE HAS READ, UNDERSTANDS AND WILL ABIDE BY THE POLICY PRESENTED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF CEO: THE BOARD HAS DESIGNATED THE PRESIDENT/CEO AS SRDC'S TOP MANAGEMENT OFFICIAL AND ONLY KEY EMPLOYEE. THE PRESIDENT/CEO WAS HIRED IN 2004 PURSUANT TO A REGIONWIDE SEARCH CONDUCTED BY A PROFESSIONAL EXECUTIVE SEARCH AGENCY. THE CEO'S SALARY WAS SET BY BENCHMARKING AGAINST COMPARABLE, COMPETITIVE SKILL SETS. SUBSEQUENTLY, SALARY ADJUSTMENTS HAVE BEEN MADE TAKING INTO ACCOUNT CURRENT MARKET CONDITIONS AND PERFORMANCE. SALARY ADJUSTMENTS ARE MADE BY SRDC'S CHAIRMAN, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE AND WITH THE BENEFIT OF COMPARABLE DATA. SALARY DECISIONS ARE DOCUMENTED IN WRITING. PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES: ONCE A YEAR, THE CEO MAKES A RECOMMENDATION ABOUT SALARY INCREASES TO THE BOARD CHAIR WHO AS NECESSARY CONSULTS WITH THE EXECUTIVE COMMITTEE. THE BOARD CHAIR THEN EITHER APPROVES, MODIFIES OR REJECTS THE SALARY RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS: SRDC'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:181091