Skip to content
Nonprofiteer
← PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP.

Totals

Total revenue
$17,764,244
Total expenses
$17,955,296
Contributions and grants received
$5,226,641
Grants paid
$2,621,480
Program services expenses (Part IX)
$12,366,893
Management and general expenses
$5,588,403
Fundraising expenses
$0
Program service expenses (Part III)
$12,366,893

Program services were 68.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SALVATORE J PATTI

    CHAIR

    Total calculated
    $0
    Hours/week
    0.19 + 1.13 related

  • ANDREA R ALLON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.19 + 1.13 related

  • KEVIN R BOYLE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • TUMAR ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • CRAIG R CARNAROLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.47 related

  • DOMINIQUE CASIMIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • HONORABLE DARRELL L CLARKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • DIANA P CORTES ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • FRED COSENZA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • ROB DUBOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • ANNE FADULLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • REGINALD C FULLER III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • JAY GOLDSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 1.13 related

  • LEE HUANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • HONORABLE KENYATTA JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • HONORABLE CURTIS JONES JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • LEROY E JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • BRIAN T KEECH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • HONORABLE JAMES F KENNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • JUAN LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • JENNIFER L MAHER ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • SUZANNE S MAYES ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • ELIZABETH A MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • ANNE K NADOL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • MICHAEL K PEARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • BRET PERKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • ANGELO R PERRYMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • WILLIAM R SAUTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 0.11 related

  • EVELYN F SMALLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.03 + 1.56 related

  • ROBERT C WONDERLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.19 + 0.53 related

  • ANNE NEVINS

    PRESIDENT

    Total calculated
    $404,719
    From this org
    $385,608
    From related orgs
    $0
    Other
    $19,111
    Hours/week
    24.5 + 13 related

    Schedule J breakdown matched by us

    Base
    $322,250
    Bonus
    $50,000
    Other
    $13,358
    Deferred
    $10,648
    Nontaxable benefits
    $8,463
    Filer's total
    $404,719

  • SAM RHOADS

    SVP- EXECUTIVE VICE PRESIDENT

    Total calculated
    $335,815
    From this org
    $276,695
    From related orgs
    $0
    Other
    $59,120
    Hours/week
    24.5 + 13 related

    Schedule J breakdown matched by us

    Base
    $251,695
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,782
    Nontaxable benefits
    $51,338
    Filer's total
    $335,815

  • THOMAS QUEENANTHRU 062022

    TREASURER/SVP-COO

    Total calculated
    $329,747
    From this org
    $272,185
    From related orgs
    $0
    Other
    $57,562
    Hours/week
    24.5 + 13 related

    Schedule J breakdown matched by us

    Base
    $247,185
    Bonus
    $25,000
    Other
    $0
    Deferred
    $5,682
    Nontaxable benefits
    $51,880
    Filer's total
    $329,747

  • MARLA HAMILTON

    SVP- CLIENT ENGAGEMENT

    Total calculated
    $272,436
    From this org
    $215,013
    From related orgs
    $0
    Other
    $57,423
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $207,138
    Bonus
    $7,875
    Other
    $0
    Deferred
    $5,958
    Nontaxable benefits
    $51,465
    Filer's total
    $272,436

  • THOMAS DALFO

    SVP- REAL ESTATE SERVICES

    Total calculated
    $278,468
    From this org
    $220,660
    From related orgs
    $0
    Other
    $57,808
    Hours/week
    33.5 + 4 related

    Schedule J breakdown matched by us

    Base
    $204,460
    Bonus
    $16,200
    Other
    $0
    Deferred
    $6,371
    Nontaxable benefits
    $51,437
    Filer's total
    $278,468

  • TIFFANY CANADY

    ASST SECRETARY, SVP-CFO

    Total calculated
    $278,167
    From this org
    $220,660
    From related orgs
    $0
    Other
    $57,507
    Hours/week
    20 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $204,460
    Bonus
    $16,200
    Other
    $0
    Deferred
    $6,205
    Nontaxable benefits
    $51,302
    Filer's total
    $278,167

  • ILENE BURAK

    SVP- LEGAL COUNSEL

    Total calculated
    $312,319
    From this org
    $253,286
    From related orgs
    $0
    Other
    $59,033
    Hours/week
    33.5 + 4 related

    Schedule J breakdown matched by us

    Base
    $229,636
    Bonus
    $17,100
    Other
    $6,550
    Deferred
    $6,725
    Nontaxable benefits
    $52,308
    Filer's total
    $312,319

  • KATHLEEN MCNAMARA

    SVP- NAVY YARD

    Total calculated
    $243,474
    From this org
    $228,670
    From related orgs
    $0
    Other
    $14,804
    Hours/week
    33.5 + 4 related

    Schedule J breakdown matched by us

    Base
    $212,470
    Bonus
    $16,200
    Other
    $0
    Deferred
    $6,371
    Nontaxable benefits
    $8,433
    Filer's total
    $243,474

  • SHAYNE MOORE

    SVP- INFO TECHNOLOGY

    Total calculated
    $204,877
    From this org
    $199,573
    From related orgs
    $0
    Other
    $5,304
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $188,373
    Bonus
    $11,200
    Other
    $0
    Deferred
    $5,151
    Nontaxable benefits
    $153
    Filer's total
    $204,877

  • CASSIE GARDNER

    ASSISTANT SECRETARY

    Total calculated
    $137,796
    From this org
    $95,416
    From related orgs
    $0
    Other
    $42,380
    Hours/week
    37.5

  • MARQUIS UPSHUR

    SVP- HUMAN RESOURCES

    Total calculated
    $221,006
    From this org
    $198,572
    From related orgs
    $0
    Other
    $22,434
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $188,268
    Bonus
    $10,304
    Other
    $0
    Deferred
    $4,933
    Nontaxable benefits
    $17,501
    Filer's total
    $221,006

  • JENNIFER LUCAS CROWTHERS

    SVP- CAPITALIZATION & IMPACT

    Total calculated
    $223,700
    From this org
    $165,129
    From related orgs
    $0
    Other
    $58,571
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $160,179
    Bonus
    $4,950
    Other
    $0
    Deferred
    $7,491
    Nontaxable benefits
    $51,080
    Filer's total
    $223,700

  • NICOLE HENNESSY

    VICE PRESIDENT

    Total calculated
    $228,135
    From this org
    $184,274
    From related orgs
    $0
    Other
    $43,861
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $172,674
    Bonus
    $11,600
    Other
    $0
    Deferred
    $3,708
    Nontaxable benefits
    $40,153
    Filer's total
    $228,135

  • CHRISTOPHER CHAPLIN

    VICE PRESIDENT

    Total calculated
    $232,630
    From this org
    $187,510
    From related orgs
    $0
    Other
    $45,120
    Hours/week
    30 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $176,310
    Bonus
    $11,200
    Other
    $0
    Deferred
    $4,913
    Nontaxable benefits
    $40,207
    Filer's total
    $232,630

  • ANGIE FREDRICKSON

    VICE PRESIDENT

    Total calculated
    $157,653
    From this org
    $151,975
    From related orgs
    $0
    Other
    $5,678
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $146,125
    Bonus
    $5,850
    Other
    $0
    Deferred
    $4,709
    Nontaxable benefits
    $969
    Filer's total
    $157,653

  • ANYA DAVIS

    VP/ASST GENERAL COUNSEL

    Total calculated
    $219,954
    From this org
    $163,949
    From related orgs
    $0
    Other
    $56,005
    Hours/week
    24.5 + 13 related

    Schedule J breakdown matched by us

    Base
    $153,549
    Bonus
    $10,400
    Other
    $0
    Deferred
    $4,757
    Nontaxable benefits
    $51,248
    Filer's total
    $219,954

  • MONICA TRUDEAU

    SENIOR PROJECT MANAGER

    Total calculated
    $161,560
    From this org
    $140,285
    From related orgs
    $0
    Other
    $21,275
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $134,885
    Bonus
    $5,400
    Other
    $0
    Deferred
    $3,978
    Nontaxable benefits
    $17,297
    Filer's total
    $161,560

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 — 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 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
NON-FIXED PAYMENTS PIDC HAS ESTABLISHED A COMPENSATION PROGRAM TO ENSURE THE SALARIES AND BENEFITS PAID TO OFFICERS AND EMPLOYEES IS FAIR, COMPETITIVE, AND REFLECTIVE OF AN EMPLOYEE'S ACTUAL PERFORMANCE. THE COMPENSATION STRUCTURE EMBEDS A RISK BASED COMPONENT THAT CONSIDERS ACHIEVEMENT OF PERFORMANCE GOALS.
SCHEDULE J, PART II, COLUMN C
DEFINED BENEFIT PLAN PIDC OFFERS A DEFINED BENEFIT PLAN (THE "PLAN") TO ITS EMPLOYEES. PARTICIPANTS BECOME ELIGIBLE TO RECEIVE RETIREMENT BENEFITS THE FIRST MONTH ON OR THE NEXT FOLLOWING ATTAINMENT OF AGE 60 AND COMPLETION OF 5 YEARS OF VESTING SERVICE FROM THE DATE THEY BECOME ELIGIBLE PARTICIPANTS OF THE PLAN. EFFECTIVE DECEMBER 31, 2014, THE PLAN'S EXISTING PARTICIPANTS' ACCRUED BENEFITS WERE FROZEN, AND NO NEW PARTICIPANTS WERE ALLOWED INTO THE PLAN. AS A RESULT OF THE PLAN'S FREEZE, THE BENEFIT IS BASED UPON A PARTICIPANT'S SERVICE AND COMPENSATION AS OF DECEMBER 31, 2014, AND EXPRESSED IN THE FORM OF A FIXED MONTHLY BENEFIT FOR HIS/HER LIFE COMMENCING AT NORMAL RETIREMENT. THE FORM 990 REQUIRES MANAGEMENT TO REPORT AS DEFERRED COMPENSATION THE ANNUAL INCREASE OR DECREASE IN ACTUARIAL VALUE, IF ANY, OF A DEFINED BENEFIT PLAN. AS THE CHANGE IN THE PRESENT VALUE OF THE DEFINED BENEFIT PLAN'S LIABILITY DOES NOT CORRESPOND TO THE ACTUAL BENEFIT DUE TO THE PLAN PARTICIPANTS AND THE PLAN WAS FROZEN EFFECTIVE DECEMBER 31, 2014, MANAGEMENT DID NOT REPORT A VALUE WITHIN PART II (C). THE VALUES THAT ARE DISCLOSED IN PART II (C) INCLUDE EMPLOYER 401K CONTRIBUTIONS.

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333149349301948

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.