2024-05-14T10:56:22-05:00 2023-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2022-07-01 232531413 DELAWARE VALLEY INDUSTRIAL RESOURCE CENTER DELA 2154648550 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 VERONICA ABDUS-SABOOR CFO 2154648550 2024-05-13 1 VERONICA ABDUS-SABOOR 999009999 0 CHRISTOPHER M PEKULA P00734965 2154414600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS SCAFARIO 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 7543311 0 X WWW.DVIRC.ORG X 1988 PA SEE SCHEDULE O 11 11 43 11 0 0 3147222 3304867 3749751 4100000 0 0 -56965 138444 6840008 7543311 0 0 0 0 3766798 4426884 0 0 0 2828992 3203069 6595790 7629953 244218 -86642 3022884 3121137 1008656 1184615 2014228 1936522 X SEE SCHEDULE O 0 0 4997514 4100000 DVIRC PROVIDES A COMPREHENSIVE RANGE OF PROGRAMS AND SERVICES TO ENCOURAGE AND ENABLE SMALL TO MEDIUM SIZE MFG. COS. TO INITIATE AND MANAGE A PROCESS OF CHANGE LEADING TO IMPROVED PRODUCTIVITY, EFFICIENCY, QUALITY AND COMPETITIVE POSITIONING. 4997514 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 43 0 1 43 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X RINKU MODI 2154648550 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 ANTHONY SCHWEIGER SECRETARY, GOVERNANCE CHAIR 1.00 X 0 0 0 BERNADINE HAWES CHAIR EMERITUS 1.00 X 0 0 0 JACK PFUNDER AMT COMMITTEE CHAIR 1.00 X 0 0 0 JAMES VISNIC FINANCE CHAIR 1.00 X 0 0 0 JIM WILLIAMS BOARD CHAIR 1.00 X 0 0 0 JM HASSON BOARD MEMBER 1.00 X 0 0 0 KIP ANTHONY BOARD MEMBER 1.00 X 0 0 0 LISA SALLEY BOARD MEMBER 1.00 X 0 0 0 ROBERT ROSANIA COMPENSATION CHAIR 1.00 X 0 0 0 ROBERT YABLUNSKY BOARD MEMBER 1.00 X 0 0 0 SCOTT LEONARD BOARD MEMBER 1.00 X 0 0 0 BARRY MILLER PRESIDENT & CEO 37.50 X 251750 0 67577 KATHLEEN ENRIGHT MANAGER, ADM. SERVICES 37.50 X 98526 0 12267 MARK BASLA SR. VICE PRESIDENT, CMO 37.50 X 159715 0 53122 VERONICA ABDUS-SABOOR CFO & TREASURER (FORMER) 37.50 X 182591 0 37739 ANTHONY GIRIFALCO EXECUTIVE VICE PRESIDENT 37.50 X 182665 0 37399 CHRISTOPHER SCAFARIO CHIEF OPERATING OFFICER 37.50 X 157062 0 41074 ELLEN HARVILLA DIRECTOR HR; TRAINING & ED 37.50 X 124437 0 30929 GERALD ALAN SHELL SR ADVANCED MFG. SPECIALIS 37.50 X 138919 0 14114 ROBERT CROSSETT REGIONAL VP, BUSINESS DEVE 37.50 X 118520 0 30929 SYLVIA WOWER VP RESEARCH & STRAT. GROWT 37.50 X 142295 0 14663 1556480 0 339813 12 0 1 0 SMALL BUSINESS DESIGN CTR LLC 2424 EAST YORK STREET PHILADELPHIA PA 19125 PROFESSIONAL SERVICES 361411 WRITING WORKS LTD PO BOX 292 LEHIGHTON PA 18235 PROFESSIONAL SERVICES 191986 ADVANCED NETWORK PRODUCTS INC 5217 MILITIA HILL ROAD PLYMOUTH MEETING PA 19462 PROFESSIONAL SERVICES 144618 COMPLIANCE MANAGEMENT INTERNATIONAL 2750 MORRIS ROAD LANSDALE PA 19446 PROFESSIONAL SERVICES 140327 HUMAN CAPITAL CONSULTING PARTNERS LLC 5 NESHAMINY INTERPLEX TREVOSE PA 19053 PROFESSIONAL SERVICES 139598 7 3036955 267912 3304867 CONSULTING 541610 4100000 4100000 4100000 60000 0 60000 60000 60000 CASH SURRENDER VALUE 900099 78444 78444 78444 7543311 4100000 0 138444 X 1896293 986073 910220 1939259 1016455 922804 348303 182700 165603 243029 126934 116095 4114 4114 32198 32198 12494 12494 1946608 1944237 2371 453954 237100 216854 65518 34220 31298 99348 51889 47459 10115 5283 4832 94027 49110 44917 96142 50215 45927 COMMUNICATIONS 165482 165482 0 MISCELLANEOUS EXPENSES 99974 51325 48649 SUPPLIES/PRINTING/POSTA 60352 31522 28830 REPAIRS AND MAINTENANCE 51537 26918 24619 11206 5853 5353 7629953 4997514 2632439 0 925549 740439 437197 415775 543043 497620 463679 297391 3236609 2582751 603416 653858 50000 50000 0 466054 3022884 3121137 981566 914032 27090 270583 1008656 1184615 X 2014228 1936522 2014228 1936522 3022884 3121137 -86642 8936 0 X X 0 1 X 1 1 1 X 4289597 3631512 4249301 3147222 3304867 18622499 4289597 3631512 4249301 3147222 3304867 18622499 18622499 64117 64116 63430 60000 60000 311663 115169 -3957 129202 -116965 78444 201893 19136055 17299772 0.97320 0.97060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12494 0 0 12494 0 150000 150000 1780896 1719196 61700 13798 13798 0 893709 451551 442158 398206 398206 0 653858 RIGHT-TO-USE ASSET ON OPERATING LEASES 65412 CASH VALUE LIFE INSURANCE 400642 466054 REFUNDABLE ADVANCES 201338 SECURITY DEPOSIT PAYABLE 3833 CURRENT PORTION OF OPERATING LEASE LIABILITY 65412 270583 X 7543311 0 7543311 0 7543311 7629953 0 7629953 0 7629953 PART X, LINE 2: DVIRC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS DESCRIBED IN SECTION 509(A)(2) OF THE IRC AND SIMILAR STATE STATUTES; THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAXES FOR DAEDALUS HOLDING ARE COMPUTED IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740 REQUIRES AN ASSET AND LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES. UNDER THIS METHOD, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE ESTIMATED FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE BOOK AND TAX BASES OF ASSETS AND LIABILITIES, AS WELL AS THE ESTIMATED FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO NET OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. A VALUATION ALLOWANCE IS ESTABLISHED IF, BASED UPON ALL AVAILABLE INFORMATION, IT IS DEEMED MORE-LIKELY-THAN-NOT THAT A PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. DVIRC FILES THE FEDERAL FORM 990. DAEDALUS HOLDING FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION, PENNSYLVANIA, AND PHILADELPHIA. THE COMPANY'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE RELEVANT TAX AUTHORITIES UNTIL EXPIRATION OF THE APPLICABLE STATUTE OF LIMITATIONS, WHICH IS GENERALLY THREE YEARS AFTER THE FILING OF THE TAX RETURN. BASED ON THE COMPANY'S ASSESSMENT OF MANY FACTORS, INCLUDING PAST EXPERIENCE AND JUDGMENTS ABOUT FUTURE EVENTS, THE COMPANY DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS TAX POSITIONS OVER THE NEXT 12 MONTHS. X X X 0 1 0 0 0 0 0 0 0 BARRY MILLER PRESIDENT & CEO 216922 0 34828 0 0 0 20797 0 46780 0 319327 0 0 0 VERONICA ABDUS-SABOOR CFO & TREASURER (FORMER) 172591 0 10000 0 0 0 16157 0 21582 0 220330 0 0 0 ANTHONY GIRIFALCO EXECUTIVE VICE PRESIDENT 178665 0 4000 0 0 0 15603 0 21796 0 220064 0 0 0 MARK BASLA SR. VICE PRESIDENT, CMO 153715 0 6000 0 0 0 14736 0 38386 0 212837 0 0 0 CHRISTOPHER SCAFARIO CHIEF OPERATING OFFICER 147062 0 10000 0 0 0 14195 0 26879 0 198136 0 0 0 SYLVIA WOWER VP RESEARCH & STRAT. GROWT 134295 0 8000 0 0 0 12343 0 2320 0 156958 0 0 0 ELLEN HARVILLA DIRECTOR HR; TRAINING & ED 118437 0 6000 0 0 0 11268 0 19661 0 155366 0 0 0 GERALD ALAN SHELL SR ADVANCED MFG. SPECIALIS 129919 0 9000 0 0 0 10910 0 3204 0 153033 0 0 0 PART I, LINE 4B BARRY MILLER - SERP PLAN - $65,762 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: DVIRC FOCUSES EXCLUSIVELY ON THE REGION'S MANUFACTURING COMMUNITY TO GROW BUSINESS VALUE THROUGH CONSULTING SERVICES, TRAINING AND EDUCATION AND NETWORKING. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION DVIRC FOCUSES EXCLUSIVELY ON THE REGION'S MANUFACTURING COMMUNITY TO GROW BUSINESS VALUE THROUGH CONSULTING SERVICES, TRAINING AND EDUCATION AND NETWORKING. FORM 990, PART VI, SECTION A, LINE 1A DVIRC HAS FOUR STANDING COMMITTEES WHICH HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY: GOVERNANCE COMMITTEE - MADE UP OF 3 BOARD MEMBERS O SCOPE: THIS COMMITTEE IS AUTHORIZED TO RECRUIT AND ELECT NEW BOARD MEMBERS AS WELL AS TO ELECT OFFICERS OF THE CORPORATION. ADV. MFG. COMMITTEE - MADE UP OF 5 BOARD MEMBERS O SCOPE: THIS COMMITTEE BRINGS TO THE COMPANY AND BOARD INFORMATION ON THE AMT WORLD AND WAYS FOR DVIRC TO DEVELOP AND MONETIZE ACTIVITIES. FINANCE COMMITTEE - MADE UP OF 4 BOARD MEMBERS O SCOPE: THIS COMMITTEE IS AUTHORIZED TO REVIEW THE COMPANY'S FINANCIALS, APPROVE BUDGETS AND AUDITS. COMPENSATION COMMITTEE MADE UP OF 3 BOARD MEMBERS O SCOPE: THIS COMMITTEE IS AUTHORIZED TO REVIEW THE PERSONNEL STRUCTURE, REVIEW AND APPROVE COMPANY COMPENSATION AND BONUS PAY PLANS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT, THE BOARD CHAIR AND CHAIR OF THE GOVERNANCE COMMITTEE BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY CONFLICTS OF INTERESTS FORMS ARE REVIEWED AND SIGNED OFF BY ALL DIRECTORS. DISCUSSIONS ON THE CONFLICTS ARE REGULARLY TALKED ABOUT AT EXECUTIVE COMMITTEE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY FOR ALL EMPLOYEES WAS CONDUCTED. THAT HAS BEEN THE GUIDING SOURCE. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR, BUT WAS NOT PLACED THERE BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 WHEN APPROPRIATE, DOCUMENTS WILL BE DELIVERED IN AN AGREED UPON MANNER UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,944,237. MANAGEMENT AND GENERAL EXPENSES 2,371. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,946,608. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. DAEDALUS HOLDING INC & SUBSIDIARIES 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 19154 593786026 INVESTMENT ADVISORY PA N/A C 41064 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0