Form 990 for tax year 2024
Filed by DELAWARE VALLEY INDUSTRIAL RESOURCE CENTER.
Totals
- Total revenue
- $7,748,135
- Total expenses
- $7,190,556
- Contributions and grants received
- $3,700,591
- Grants paid
- $0
- Program service revenue
- $3,973,556
- Investment income
- $6,263
- Other revenue
- $67,725
- Total assets, end of year
- $3,965,355
- Total liabilities, end of year
- $1,069,342
- Net assets or fund balances, end of year
- $2,896,013
- Program services expenses (Part IX)
- $4,828,626
- Management and general expenses
- $2,361,930
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,828,626
Program services were 67.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,678,328
-
1f · All other contributions, gifts and grants
$1,022,263
-
2a · Program service revenue: CONSULTING
total $3,973,556 · related or exempt $3,973,556
-
3 · Investment income
total $6,263 · related or exempt $6,263
-
6a · Gross rents
real property $62,155
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $62,155
-
6d · Net rental income or loss
total $62,155 · excluded $62,155
-
11a · Other revenue: CASH SURRENDER VALUE
total $5,570 · related or exempt $5,570
-
11e · Other revenue, total
$5,570
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $663,750 · program services $87,248 · management and general $576,502
-
7 · Other salaries and wages
total $2,585,783 · program services $1,766,585 · management and general $819,198
-
9 · Other employee benefits
total $875,050 · program services $499,209 · management and general $375,841
-
11g · Fees: other
total $1,797,160 · program services $1,633,188 · management and general $163,972
-
14 · Information technology
total $298,159 · program services $170,097 · management and general $128,062
-
16 · Occupancy
total $75,675 · program services $43,172 · management and general $32,503
-
17 · Travel
total $78,473 · program services $44,768 · management and general $33,705
-
19 · Conferences, conventions and meetings
total $8,551 · program services $4,878 · management and general $3,673
-
22 · Depreciation, depletion and amortization
total $105,378 · program services $60,118 · management and general $45,260
-
23 · Insurance
total $90,978 · program services $51,902 · management and general $39,076
-
24a · Other expenses: COMMUNICATIONS
total $276,008 · program services $276,008 · management and general $0
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $232,182 · program services $132,459 · management and general $99,723
-
24c · Other expenses: SUPPLIES/PRINTING/POSTA
total $57,985 · program services $33,080 · management and general $24,905
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $37,855 · program services $21,596 · management and general $16,259
-
24e · All other expenses
total $7,569 · program services $4,318 · management and general $3,251
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,221,364 · end of year $1,903,678
-
3 · Pledges and grants receivable
beginning of year $350,787 · end of year $530,392
-
4 · Accounts receivable
beginning of year $649,425 · end of year $674,133
-
9 · Prepaid expenses and deferred charges
beginning of year $266,381 · end of year $166,208
-
10a · Land, buildings and equipment: cost or other basis
$2,943,648
-
10b · Land, buildings and equipment: accumulated depreciation
$2,392,883
-
10c · Land, buildings and equipment, net
beginning of year $634,008 · end of year $550,765
-
12 · Investments: other securities
beginning of year $50,000 · end of year $0
-
15 · Other assets
beginning of year $184,361 · end of year $140,179
-
17 · Accounts payable and accrued expenses
beginning of year $771,547 · end of year $685,646
-
25 · Other liabilities
beginning of year $237,409 · end of year $383,696
-
27 · Net assets without donor restrictions
beginning of year $2,347,370 · end of year $2,896,013
Mission and programs · 2024
Mission
SEE SCHEDULE O
-
DVIRC PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS AND SERVICES TO ENCOURAGE AND ENABLE SMALL TO MEDIUM SIZE MFG. COS. TO INITIATE AND MANAGE A PROCESS OF CHANGE LEADING TO IMPROVED PRODUCTIVITY, EFFICIENCY, QUALITY AND COMPETITIVE POSITIONING.
Expenses $4,828,626 · Revenue $3,985,389
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anthony SchweigerANTHONY SCHWEIGER
BOARD CHAIRMAN AND SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James VisnicJAMES VISNIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jm HassonJM HASSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kip AnthonyKIP ANTHONY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa SalleyLISA SALLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert RosaniaROBERT ROSANIA
COMPENSATION CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ken BakerKEN BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Art BalzereitART BALZEREIT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jon KirchnerJON KIRCHNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marysheila McDonaldMARYSHEILA MCDONALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathy ReynoldsKATHY REYNOLDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sam ThevanayagamSAM THEVANAYAGAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul TramoPAUL TRAMO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anthony GirifalcoANTHONY GIRIFALCO
EXECUTIVE VICE PRESIDENT
- Total calculated
- $251,063
- From this org
- $211,499
- From related orgs
- $0
- Other
- $39,564
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $211,499
- Bonus
- $0
- Other
- $0
- Deferred
- $16,585
- Nontaxable benefits
- $22,979
- Filer's total
- $251,063
-
Christopher ScafarioCHRISTOPHER SCAFARIO
PRESIDENT / CHIEF EXECUTIVE OFFICER
- Total calculated
- $321,090
- From this org
- $271,635
- From related orgs
- $0
- Other
- $49,455
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $271,635
- Bonus
- $0
- Other
- $0
- Deferred
- $18,883
- Nontaxable benefits
- $30,572
- Filer's total
- $321,090
-
Rinku ModiRINKU MODI
CHIEF FINANCIAL OFFICER
- Total calculated
- $246,755
- From this org
- $196,000
- From related orgs
- $0
- Other
- $50,755
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $196,000
- Bonus
- $0
- Other
- $0
- Deferred
- $15,680
- Nontaxable benefits
- $35,075
- Filer's total
- $246,755
-
Ellen HarvillaELLEN HARVILLA
DIRECTOR HR; TRAINING & ED
- Total calculated
- $198,779
- From this org
- $163,808
- From related orgs
- $0
- Other
- $34,971
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $163,808
- Bonus
- $0
- Other
- $0
- Deferred
- $12,933
- Nontaxable benefits
- $22,038
- Filer's total
- $198,779
-
Gerald Alan ShellGERALD ALAN SHELL
DIRECTOR, CONTINUOUS IMPROVEMENT
- Total calculated
- $170,261
- From this org
- $155,207
- From related orgs
- $0
- Other
- $15,054
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $155,207
- Bonus
- $0
- Other
- $0
- Deferred
- $11,867
- Nontaxable benefits
- $3,187
- Filer's total
- $170,261
-
Robert CrossettROBERT CROSSETT
REGIONAL VP, BUSINESS DEVE
- Total calculated
- $186,495
- From this org
- $170,602
- From related orgs
- $0
- Other
- $15,893
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $170,602
- Bonus
- $0
- Other
- $0
- Deferred
- $13,498
- Nontaxable benefits
- $2,395
- Filer's total
- $186,495
-
Sylvia WowerSYLVIA WOWER
VP RESEARCH & STRAT. GROWT
- Total calculated
- $209,240
- From this org
- $192,223
- From related orgs
- $0
- Other
- $17,017
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $192,223
- Bonus
- $0
- Other
- $0
- Deferred
- $14,676
- Nontaxable benefits
- $2,341
- Filer's total
- $209,240
-
Viveienne BaxterVIVEIENNE BAXTER
SR. MANAGER, TRAINING & ORGANIZATION DEVELOPMENT
- Total calculated
- $199,904
- From this org
- $146,552
- From related orgs
- $0
- Other
- $53,352
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $146,552
- Bonus
- $0
- Other
- $0
- Deferred
- $11,786
- Nontaxable benefits
- $41,566
- Filer's total
- $199,904
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
DAEDALUS HOLDING INC & SUBSIDIARIES
C · INVESTMENT ADVISORY · PA · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600319349300205
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