FORM 990, PART VI, SECTION A, LINE 7A |
PHILADELPHIA CITY COUNCIL PRESIDENT HAS THE ABILITY TO DESIGNATE TWO INDIVIDUALS WHO ARE MEMBERS OR SENIOR OFFICERS OF THE PHILADELPHIA CITY COUNCIL TO SERVE ON THE BOARD AND IN ADDITION CAN DESIGNATE AN INDIVIDUAL FROM THE PHILADELPHIA CITY COUNCIL PRESIDENT'S OFFICE TO SERVE ON THE BOARD (SUCH AN INDIVIDUAL SHALL BE THE "DESIGNATED COUNCIL PRESIDENT DIRECTOR"). THE CHAIRMAN OF THE PHILADELPHIA INDUSTRIAL DEVELOPMENT CORPORATE ("PIDC") HAS THE ABILITY TO DESIGNATE AN INDIVIDUAL FROM PIDC TO SERVE ON THE BOARD (SUCH AN INDIVIDUAL SHALL BE THE "DESIGNATED PIDC DIRECTOR"). |
FORM 990, PART VI, SECTION B, LINE 11B |
PRIOR TO FILING FORM 990, IT IS DISCUSSED WITH THE AUDIT COMMITTEE AND DISTRIBUTED TO THE FULL BOARD. |
FORM 990, PART VI, SECTION B, LINE 12C |
OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY SUBMIT A SIGNED STATEMENT DISCLOSING INTERESTS THAT COULD GIVE RISE TO A CONFLICT. EACH STATEMENT IS REVIEWED TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. |
FORM 990, PART VI, SECTION B, LINE 15 |
OFFICERS AND DIRECTORS OF THE BOARD ARE UNPAID VOLUNTEERS. THE CEO'S SALARY IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY AND DETERMINED USING MARKET COMPARISONS. ALL OTHER EMPLOYEES ARE REVIEWED BY THE CEO AND SALARIES ARE BASED ON THEIR EXPERIENCE LEVEL. |
FORM 990, PART VI, SECTION C, LINE 19 |
UPON REQUEST, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, DOCUMENT RETENTION AND DESTRUCTION POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION. |
FORM 990, PART XI, LINE 9: |
PPP FORGIVEN IN 2022, RECOGNIZED IN FINANCIALS STATEMENTS IN PRIOR YEAR -457,737. |
FORM 990, PART XII - LINE 2C |
THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED DURING THE YEAR. |