EIN 23-2690558

Schuylkill River Development Corporation (SRDC)

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1992
Most recent tax filings
2023-06-01
Description
SRDC envisions the continued transformation of Schuylkill Banks, the 8-mile tidal Schuylkill corridor between the Fairmount Dam and the Delaware River, into Philadelphia's premier riverfront destination.
Total revenues
$2,338,721
2023
Total expenses
$3,069,841
2023
Total assets
$9,714,516
2023
Num. employees
5
2023

Program areas at SRDC

Capital projects - goal is to promote the creation of a public park, trail and greenway along the banks of the Schuylkill tidal River in the city of philadelphia and to assist in the upkeep of such park, thereby lessening the burden of city government and promoting economic Development of adjacent land.
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.
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.

Who funds Schuylkill River Development Corporation (SRDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Pennsylvania (Penn)Support PRGM SRVS$125,000
Poor Richards Charitable TrustTo Fund the Operational Budgets of the Organization$50,000
Barra FoundationEntity Support - Staff Grant$500
...and 3 more grants received

Personnel at SRDC

NameTitleCompensation
Joseph R SyrnickPresident and Chief Executive Officer$227,101
Gerard H SweeneyChairman$0
Brian KeechVice Chairman$0
Anne PapageorgeTreasurer$0
Jamie M GershkowSecretary$0
...and 3 more key personnel

Financials for SRDC

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,242,303
Program services$5,120
Investment income and dividends$91,298
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,338,721

Form 990s for SRDC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-19990View PDF
2022-062023-02-10990View PDF
2021-062022-01-19990View PDF
2020-062021-04-06990View PDF
2019-062020-09-04990View PDF
...and 9 more Form 990s
Data update history
May 21, 2024
Updated personnel
Identified 3 new personnel
May 19, 2024
Used new vendors
Identified 2 new vendors, including , and
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Poor Richards Charitable Trust
August 19, 2023
Received grants
Identified 9 new grant, including a grant for $750,000 from William Penn Foundation
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsSports organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Human servicesCommunity improvement
Characteristics
Funds one specific organizationState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
2401 Walnut St Suite 603
Philadelphia, PA 19103
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
schuylkillbanks.org/ 
Phone
(215) 309-5523
Facebook page
SchuylkillBanks 
Twitter profile
@schuylkillbanks 
IRS details
EIN
23-2690558
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
N11: Recreation and Sports Single Organization Support
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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