Overview
What is Schuylkill River Development Corporation?
The Schuylkill River Development Corporation, located in Philadelphia, Pennsylvania, is a nonprofit organization with a mission to revitalize the Schuylkill River corridor, connecting neighboring communities and encouraging investment. Their primary goal is to develop a public park, trail, and greenway along the banks of the Schuylkill Tidal River, reducing the burden on city government and promoting economic development in adjacent lands. By collaborating with the city and stakeholders, the corporation works towards enhancing recreation and transportation, community and economic development, public health, and environmental stewardship, ultimately benefiting the local community, Philadelphia, and the surrounding region. With a team of six dedicated individuals, the Schuylkill River Development Corporation is committed to making significant improvements in their area.
Official website here: www.schuylkillbanks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Schuylkill River Development Corporation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored an impressive 96% overall, indicating a high level of transparency and responsible financial management. The assessment is based entirely on their accountability and finance metrics, which highlights the nonprofit's commitment to maintaining rigorous standards.
One of the key strengths of the Schuylkill River Development Corporation is its governance structure, boasting a fully independent board with 24 members. This independence, coupled with comprehensive financial oversight mechanisms such as an Audit and Oversight Committee, ensures that the organization operates without conflicts of interest. Furthermore, their excellent program expense ratio of 90.38% demonstrates a strong focus on directing resources toward their mission.
While the ratings are overwhelmingly positive, the summary does not highlight any specific areas for improvement or limitations within the organization. Overall, the Schuylkill River Development Corporation stands out as a well-managed nonprofit dedicated to its goals and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Schuylkill River Development Corporation legitimate?
Schuylkill River Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schuylkill River Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $248,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $319,805
For more financial information, click here
Official website here: www.schuylkillbanks.org
What is the mission statement of Schuylkill River Development Corporation?
The Schuylkill River Development Corporation's mission is to revitalize Philadelphia's Tidal Schuylkill River Corridor, transforming it into a connector that encourages investment. By collaborating with the city and stakeholders, the organization is working on building, maintaining, and programming Schuylkill Banks. This initiative aims to drive improvements in recreation and transportation, community and economic development, public health, and environmental stewardship. The benefits of these efforts extend to local residents, Philadelphia, and the wider region.
Official website here: www.schuylkillbanks.org
Who is the CEO of Schuylkill River Development Corporation?
Joseph R Syrnick is the Chairman of Schuylkill River Development Corporation. The CEO's salary of Schuylkill River Development Corporation is $209,202 and their total compensation is $246,108.
Official website here: www.schuylkillbanks.org
What is the revenue of Schuylkill River Development Corporation?
Schuylkill River Development Corporation's revenue in 2022 was $2,826,046.
Official website here: www.schuylkillbanks.org
Who are the executives of Schuylkill River Development Corporation and what are their salaries?
The average compensation at Schuylkill River Development Corporation during 2022 was $94,763. There are 6 employees and 700 volunteers at Schuylkill River Development Corporation.
Here are 27 key members and their salaries (Schuylkill River Development Corporation's CEO's salary is $209,202 and their total compensation is $246,108):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $209,202
- Related: $0
- Other: $36,906
Official website here: www.schuylkillbanks.org
Where can I find the form 990 for Schuylkill River Development Corporation?
Schuylkill River Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.schuylkillbanks.org
Learn more at the official website: www.schuylkillbanks.org
Mission Statement of Schuylkill River Development Corporation
The Schuylkill River Development Corporation (SRDC) is on a mission to revitalize Philadelphia's Tidal Schuylkill River Corridor, transforming it into a valuable asset that connects various neighborhoods and encourages investment. By collaborating with the city and stakeholders, SRDC is dedicated to constructing, maintaining, and programming the Schuylkill Banks, driving improvements in various sectors such as recreation and transportation, community and economic development, public health, and environmental stewardship. These enhancements aim to benefit local residents, Philadelphia as a whole, and the surrounding region. By revitalizing the Schuylkill River Corridor, SRDC is not only connecting neighborhoods but also stimulating investment and development in the area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Schuylkill River Development Corporation (SRDC) significantly impacts Philadelphia by revitalizing the Schuylkill River corridor, fostering neighborhood connections and encouraging economic investment. Through its initiatives, SRDC is dedicated to creating a public park, trail, and greenway along the banks of the tidal Schuylkill River, serving both recreational and ecological purposes.
These capital projects enhance outdoor recreational opportunities and support transportation accessibility, benefiting residents and visitors alike. By collaborating with the city and local stakeholders, SRDC drives community and economic development efforts, which not only rejuvenate the area but also promote public health through increased access to green spaces.
Additionally, SRDC’s focus on environmental stewardship ensures the ongoing upkeep of these developments, reducing the burden on city resources while creating a vibrant asset for the city and region. The revitalization efforts contribute to a healthier, more inviting urban landscape, ultimately enhancing the quality of life for Philadelphia’s residents.
This information is meant to be a general summary of Schuylkill River Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50,213
- Program Service Revenue: $4,007
- Gross Receipts: $2,826,046
Assets and Liabilities:
- Total Assets: $9,834,379
- Total Liabilities: $326,215
- Net Assets: $9,508,164
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOAT TOURS & OTHER
Revenue
$4,007
Organization Details
Founding Year
1992
Phone
(215) 309-5523Principal Officer
Joseph R Syrnick
Main Address
2401 WALNUT STREET SUITE 603, PHILADELPHIA, PA, 19103
Website
www.schuylkillbanks.orgNTEE Category
Code: S20Z - Community improvement
If you are a representative of Schuylkill River Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.