2024-11-15T10:10:01-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2023-01-01 810582843 WORLD TRADE CENTER OF GREATER PHILADELPHIA WORL 2155864240 1617 JFK BLVD ONE PENN CTR 1690 PHILADELPHIA PA 19103 THOMAS YOUNG PRESIDENT AND CEO 2155864240 2024-11-14 1 0 MALLORY GOOD P01704765 2156433900 2024-11-14 2023 2024-10-15 13:58:12Z THOMAS YOUNG 1617 JFK BLVD ONE PENN CTR 1690 PHILADELPHIA PA 19103 1006953 0 X WWW.WTCPHILA.ORG X 2001 NJ TO BRING GROWTH AND PROSPERITY TO GREATER PHILADELPHIA THROUGH GLOBAL TRADE AND INVESTMENT 18 17 10 26 0 0 762181 969051 0 11350 0 0 -41460 -43480 720721 936921 0 0 0 0 634072 620841 30000 0 430325 291956 597127 956028 1217968 -235307 -281047 459633 686680 424232 932326 35401 -245646 X WORLD TRADE CENTER OF GREATER PHILADELPHIA (WTCGP) IS THE REGION'S LEADING NON-PROFIT INTERNATIONAL TRADE SERVICES ORGANIZATION. THE WTCGP'S MISSION IS TO BRING GROWTH AND PROSPERITY TO BUSINESSES, COMMUNITIES, AND NEIGHBORHOODS (CONTINUED ON SCHEDULE O)IN GREATER PHILADELPHIA AND WORLDWIDE THROUGH GLOBAL TRADE AND INVESTMENT. THE WTCGP BELONGS TO THE WORLD TRADE CENTERS ASSOCIATION OF OVER 300 WORLD TRADE CENTERS IN NEARLY 100 COUNTRIES AND SERVES AS THE COMMONWEALTH OF PENNSYLVANIA'S APPOINTED REGIONAL EXPORT NETWORK REPRESENTATIVE FOR SOUTHEASTERN PENNSYLVANIA. SINCE 2001, WHEN THE WTCGP WAS ESTABLISHED, THE ORGANIZATION HAS HELPED COMPANIES GENERATE IN TOTAL OVER $2.3B IN INCREMENTAL EXPORT SALES, SUPPORTING OVER 29,000 JOBS IN THE GREATER PHILADELPHIA REGION. 0 0 529046 0 11350 THE WTCGP HELPS COMPANIES SEEKING TO EXPAND GLOBALLY AND INTERNATIONAL COMPANIES INTERESTED IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTS COMPANIES, LARGELY SMALL AND MEDIUM-SIZED EXPORTING BUSINESSES, IN THE FIVE COUNTIES OF SOUTHEASTERN PENNSYLVANIA AND EIGHT COUNTIES OF SOUTHERN NEW JERSEY BY PROVIDING INDIVIDUAL TRADE COUNSELING, MARKET RESEARCH, TRADE MISSION SUPPORT, EDUCATIONAL PROGRAMS, BUSINESS NETWORKING EVENTS, AND ACCESS TO POWERFUL WORLDWIDE CONNECTIONS TO CUSTOMERS AND PARTNERS WORLDWIDE. THE WTCGP IS A CRITICAL CATALYST FOR ECONOMIC GROWTH AND JOB CREATION FOR GREATER PHILADELPHIA, SERVING AS A TRUSTED ADVISOR WITH INTERNATIONAL EXPERTISE AND WORLDWIDE CONNECTIONS TO INSPIRE AND EMPOWER COMPANIES TO THINK AND SUCCEED GLOBALLY (CONTINUED ON SCHEDULE O).IN 2023, THE WTCGP PROVIDED TRADE COUNSELING SERVICES TO OVER 116 COMPANIES, LARGELY SMALL AND MEDIUM-SIZED BUSINESSES, AND CONDUCTED 23 EDUCATIONAL EVENTS AND SEMINARS, INCLUDING AN ANNUAL GLOBAL BUSINESS CONFERENCE, ATTRACTING OVER 425 PARTICIPANTS. IN 2023, COMPANIES IN PENNSYLVANIA AND NEW JERSEY ASSISTED BY THE WTCGP REPORTED OVER $112M IN INCREMENTAL EXPORT SALES, SUPPORTING 505 JOBS IN THE REGION. 529046 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ PA X THE ORGANIZATION 2155864240 1617 JFK BLVD ONE PENN CTR 1690 PHILADELPHIA PA 19103 ANTHONY J SIMONETTA PRESIDENT (JAN-JULY) & BOARD MEMBER 0.20 X X 110000 0 0 JOSEPH J SCALIO CHAIRMAN 0.20 X X 0 0 0 STEVEN S BRADLEY VICE CHAIRMAN 0.20 X X 0 0 0 STEVEN J BATZER TREASURER 0.20 X X 0 0 0 MARTIN G BELISARIO SECRETARY 0.20 X X 0 0 0 DR JOHN A BENNETT BOARD MEMBER 0.20 X 0 0 0 GARY P BIEHN ESQ BOARD MEMBER 0.20 X 0 0 0 WALT D'ALESSIO BOARD MEMBER- RESIGNED NOV 2023 0.20 X 0 0 0 DAVID A DELIZZA BOARD MEMBER 0.20 X 0 0 0 JOVAN GOLDSTEIN BOARD MEMBER 0.20 X 0 0 0 ROBERT KRITZER BOARD MEMBER 0.20 X 0 0 0 THOMAS LEONARD BOARD MEMBER 0.20 X 0 0 0 BERNADINE J MUNLEY BOARD MEMBER 0.20 X 0 0 0 ELIZABETH MURPHY BOARD MEMBER- RESIGNED NOV 2023 0.20 X 0 0 0 ROSEANN B ROSENTHAL BOARD MEMBER 0.20 X 0 0 0 MARTY SCHIFFMAN BOARD MEMBER 0.20 X 0 0 0 THOMAS YOUNG CEO STARTING AUGUST 2023 40.00 X 65043 0 0 LINDA CONLIN SR ADVISOR OF STRATEGIC INITIATIVES 40.00 X 103053 0 0 278096 0 0 2 0 0 0 ANTHONY SIMONETTA 119 MILL CREEK RD APT A-2-S ARDMORE PA 19003 MANAGEMENT SERVICES 110000 1 87836 290891 573824 16500 969051 PROGRAM FEES 541900 11350 11350 11350 26552 290891 70032 -43480 -43480 936921 11350 0 -43480 X 180086 41420 43220 95446 334106 180919 66112 87075 66055 29676 13837 22542 40594 17634 8621 14339 58200 25026 13386 19788 28129 15082 5265 7782 192747 81126 40612 71009 107578 46733 22845 38000 14567 6328 3094 5145 19970 8675 4241 7054 73964 32129 15710 26125 52464 22791 11141 18532 15432 6704 3277 5451 1349 587 285 477 9781 4249 2077 3455 MEMBERSHIP/SUBSCRIPTION 22437 9747 4765 7925 509 220 109 180 1217968 529046 258597 430325 231930 12845 98147 208561 54250 76750 6328 14079 155286 155286 1349 0 67629 374445 459633 686680 61209 111349 300000 450000 63023 370977 424232 932326 X 15651 -245646 19750 0 35401 -245646 459633 686680 -281047 0 X 0 1 X 1 0 X 881095 902181 733657 762181 969051 4248165 100 11350 11450 881095 902281 733657 762181 980401 4259615 26800 5100 6500 38400 179723 109909 289632 26800 184823 116409 328032 3931583 7204 7328 -41460 -43480 -70408 888299 902281 740985 720721 936921 4189207 0.93850 0.94970 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11376 11376 0 133938 133938 0 9972 9972 0 0 SECURITY DEPOSIT 10000 RIGHT OF USE ASSET 364445 374445 LEASE LIABILITY 370977 370977 X 966939 30018 30018 936921 0 936921 1247986 30018 30018 1217968 0 1217968 PART X, LINE 2: WTCGP HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FURTHER, WTCGP HAS BEEN GRANTED PUBLIC CHARITY STATUS AND, THEREFORE, IS NOT CONSIDERED A PRIVATE FOUNDATION. WTCGP FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE APPLICATION OF THIS STANDARD HAS NO IMPACT ON WTCGP'S FINANCIAL STATEMENTS. WTC DINNER 301468 280321 21147 7195 27393 3000 28722 GBC CONFERENCE 14205 8800 5405 2278 315673 289121 26552 7195 27393 3000 31000 68588 -42036 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITEE HAS THE POWER TO ACT FOR THE BOARD OF DIRECTORS AND CONSISTS OF THE OFFICERS OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL NOT HAVE ANY POWER OR AUTHORITY AS TO THE FOLLOWING: (A) THE FILLING OF VACANCIES ON THE BOARD OF DIRECTORS (B) THE ADOPTION, AMENDMENT OR REPEAL OF THE BYLAWS (C) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF DIRECTORS (D) ACTION ON OTHER MATTERS COMMITTED BY RESOLUTION OF THE BOARD OF DIRECTORS OR BY PENNSYLVANIA LAW TO THE FULL BOARD OF DIRECTORS OR TO ANOTHER COMMITTEE OF THE BOARD FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. BOTH MANAGEMENT AND THE AUDIT COMMITTEE REVIEW FORM 990 AND STATE FILINGS PRIOR TO SUBMISSION AS A MATTER OF POLICY. THE CFO RECONCILES THE FORM 990 TO INTERNAL FINANCIAL DOCUMENTS AND THE FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE DURING AN AUDIT COMMITTEE MEETING EITHER IN PERSON OR TELEPHONICALLY WHICH THE EXTERNAL AUDITOR ALSO ATTENDS. THE AUDIT COMMITTEE IS CHAIRED BY A BOARD MEMBER AND THE COMMITTEE HAS BEEN DESIGNATED BY THE BOARD AS A SURROGATE GOVERNING BODY FOR THE PURPOSE OF TAX FILINGS REVIEW. SUMMARY FINDINGS OF THE AUDIT COMMITTEE AND THE FORM 990 ARE REPORTED TO THE FULL BOARD, PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES ARE REQUIRED TO READ AND SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AS A CONDITION OF EMPLOYMENT. MANAGEMENT PERIODICALLY REINFORCES THE IMPORTANCE OF CONFLICT OF INTEREST DISCLOSURE AT STAFF MEETINGS. MANAGEMENT ALSO MONITORS EXTERNAL RELATIONSHIPS TO EVALUATE THE POTENTIAL FOR CONFLICT WITH AN EMPLOYEE. BOARD MEMBERS ARE REQUIRED TO READ AND SIGN A DIRECTOR'S CONFLICT OF INTEREST POLICY ANNUALLY. MANAGEMENT AND THE BOARD CHAIRMAN MONITOR ALL VENDOR AND CLIENT RELATIONSHIPS TO IDENTIFY POTENTIAL CONFLICT AREAS. IN THE EVENT OF ANY IDENTIFIED CONFLICT, A DIRECTOR IS ASKED TO RELEASE HIMSELF OR HERSELF FROM VOTING ON ACTION ITEMS OR RESOLUTIONS THAT ARE CLEAR CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC INQUIRIES ARE DIRECTED TO THE OFFICE MANAGER WHO WILL DISTRIBUTE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS BY MAIL OR ELECTRONIC DISTRIBUTION. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 81,126. MANAGEMENT AND GENERAL EXPENSES 40,612. FUNDRAISING EXPENSES 71,009. TOTAL EXPENSES 192,747.