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Philadelphia Industrial Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 236050858 ✦ Philadelphia, PA ✦ Designated as a 501(c)(4)

Overview

What is Philadelphia Industrial Development Corporation?

The Philadelphia Industrial Development Corporation (PIDC) is a nonprofit organization committed to boosting investment, promoting business expansion, and encouraging development that fosters job creation, neighborhood revitalization, and economic growth throughout Philadelphia. Their initiatives, as outlined in Schedule O, consist of implementing various economic development projects that enhance the competitive environment and generate higher tax revenues for the city.


Official website here: www.pidcphila.com

Is Philadelphia Industrial Development Corporation legitimate?

Philadelphia Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Philadelphia Industrial 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,159,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,393,502

For more financial information, click here


Official website here: www.pidcphila.com

What is the mission statement of Philadelphia Industrial Development Corporation?

The Philadelphia Industrial Development Corporation (PIDC) is dedicated to stimulating investment, aiding business expansion, and fostering development in various parts of the city. This commitment leads to the generation of new jobs and the revitalization of neighborhoods, ultimately contributing to an overall economic growth. PIDC's mission encompasses creating opportunities and driving development that reaches every corner of Philadelphia.


Official website here: www.pidcphila.com

Who is the CEO of Philadelphia Industrial Development Corporation?

Anne Nevins is the President of Philadelphia Industrial Development Corporation.


Official website here: www.pidcphila.com

What is the revenue of Philadelphia Industrial Development Corporation?

Philadelphia Industrial Development Corporation's revenue in 2022 was $17,764,244.


Official website here: www.pidcphila.com

Who are the executives of Philadelphia Industrial Development Corporation and what are their salaries?

The average compensation at Philadelphia Industrial Development Corporation during 2022 was $117,019. There are 56 employees and 30 volunteers at Philadelphia Industrial Development Corporation.

Here are 47 key members and their salaries:

    Anne Nevins (President)
  • Compensation: $385,608
  • Related: $0
  • Other: $19,111

    • Sam Rhoads (Svp- Executive Vice President)
  • Compensation: $276,695
  • Related: $0
  • Other: $59,120

    • Thomas Queenanthru 062022 (Treasurer/Svp-Coo)
  • Compensation: $272,185
  • Related: $0
  • Other: $57,562

    • Ilene Burak (Svp- Legal Counsel)
  • Compensation: $253,286
  • Related: $0
  • Other: $59,033

    • Thomas Dalfo (Svp- Real Estate Services)
  • Compensation: $220,660
  • Related: $0
  • Other: $57,808

    • Tiffany Canady (Asst Secretary, Svp-Cfo)
  • Compensation: $220,660
  • Related: $0
  • Other: $57,507

    • Marla Hamilton (Svp- Client Engagement)
  • Compensation: $215,013
  • Related: $0
  • Other: $57,423

    • Kathleen Mcnamara (Svp- Navy Yard)
  • Compensation: $228,670
  • Related: $0
  • Other: $14,804

    • Christopher Chaplin (Vice President)
  • Compensation: $187,510
  • Related: $0
  • Other: $45,120

    • Nicole Hennessy (Vice President)
  • Compensation: $184,274
  • Related: $0
  • Other: $43,861

    • Jennifer Lucas Crowthers (Svp- Capitalization & Impact)
  • Compensation: $165,129
  • Related: $0
  • Other: $58,571

    • Marquis Upshur (Svp- Human Resources)
  • Compensation: $198,572
  • Related: $0
  • Other: $22,434

    • Anya Davis (Vp/Asst General Counsel)
  • Compensation: $163,949
  • Related: $0
  • Other: $56,005

    • Shayne Moore (Svp- Info Technology)
  • Compensation: $199,573
  • Related: $0
  • Other: $5,304

    • Monica Trudeau (Senior Project Manager)
  • Compensation: $140,285
  • Related: $0
  • Other: $21,275

    • Angie Fredrickson (Vice President)
  • Compensation: $151,975
  • Related: $0
  • Other: $5,678

    • Cassie Gardner (Assistant Secretary)
  • Compensation: $95,416
  • Related: $0
  • Other: $42,380

    • Salvatore J Patti (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea R Allon (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin R Boyle (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tumar Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig R Carnaroli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dominique Casimir (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Honorable Darrell L Clarke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana P Cortes Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred Cosenza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Dubow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne Fadullon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Reginald C Fuller Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Goldstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Huang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Honorable Kenyatta Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Honorable Curtis Jones Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leroy E Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian T Keech (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Honorable James F Kenney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Lopez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer L Maher Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne S Mayes Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth A Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anne K Nadol (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael K Pearson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bret Perkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angelo R Perryman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William R Sautter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Evelyn F Smalls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert C Wonderling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pidcphila.com

    Where can I find the form 990 for Philadelphia Industrial Development Corporation?

    The Philadelphia Industrial Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pidcphila.com

    Learn more at the official website: www.pidcphila.com

    Mission Statement of Philadelphia Industrial Development Corporation

    The Philadelphia Industrial Development Corporation (PIDC) is a dynamic organization that plays a pivotal role in Philadelphia's economic landscape. With a mission to spur investment, support business growth, and foster development, PIDC creates jobs, revitalizes neighborhoods, and drives growth across the city.

    In simple terms, PIDC plans and implements economic development initiatives that enhance the competitive environment and generate higher tax ratables throughout Philadelphia. By doing so, they contribute significantly to Philadelphia's economy, making it an attractive place for businesses and residents alike.

    Established with the goal of fostering development that reaches every corner of the city, PIDC is dedicated to creating vibrant, thriving communities. Through their initiatives, they have successfully generated jobs and revitalized neighborhoods, transforming them into bustling hubs of economic activity. With a commitment to growth, PIDC is the driving force behind Philadelphia's economic progress.

    Impact

    This information is meant to be a general summary of Philadelphia Industrial Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Philadelphia Industrial Development Corporation's impact is significant in driving economic development initiatives that enhance the competitive environment, generate jobs, and increase tax revenues throughout Philadelphia. By spurring investment, supporting business growth, and fostering development that creates jobs and revitalizes neighborhoods, PIDC plays a crucial role in driving growth to every corner of the city.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $53,314
  • Program Service Revenue: $12,484,289
  • Gross Receipts: $17,764,244

    • Assets and Liabilities:
  • Total Assets: $41,210,831
  • Total Liabilities: $26,531,931
  • Net Assets: $14,678,900
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SUPPORT SMALL BUSINESS

    Revenue

    $5,963,653

    CATALYZE GROWTH

    Revenue

    $4,246,676

    INVEST IN HIGH IMPACT

    Revenue

    $1,670,935

    LOAN FEES

    Revenue

    $603,025

    Organization Details

    Founding Year

    1957

    Principal Officer

    Anne Nevins

    Main Address

    1500 MARKET STREET 3500W, PHILADELPHIA, PA, 19102

    NTEE Category

    Code: S41 - Community improvement

    If you are a representative of Philadelphia Industrial 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.