2024-05-14T15:15:48-05:00 2023-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2022-07-01 232514764 MANUFACTURERS RESOURCE CENTER % JEFFREY LONG MANU 6106284636 7200A WINDSOR DRIVE ALLENTOWN PA 18106 RICHARD C HOBBS PRESIDENT & CEO 6106284568 2024-05-13 true RICHARD C HOBBS 999009999 JOANNE KRUEGER DIRECTOR P01235586 2673303000 2024-05-13 2 2022 2023-04-26 12:10:37Z RICHARD C HOBBS 7200A WINDSOR DRIVE ALLENTOWN PA 18106 4220513 false X WWW.MRCPA.ORG X 1988 PA SEE ATTACHMENT 1 20 18 17 0 0 0 1814848 2039384 1201754 1618980 192848 48897 14396 16807 3223846 3724068 0 0 0 0 1938897 2043275 0 0 2906 1438310 1678820 3377207 3722095 -153361 1973 3423737 3603482 1409421 1334551 2014316 2268931 X MANUFACTURERS RESOURCE CENTER (THE CENTER) IS A PUBLIC/PRIVATE ECONOMIC DEVELOPMENT ORGANIZATION OPERATING AN INDUSTRIAL RESOURCE CENTER UNDER THE PENNSYLVANIA MANUFACTURING INDUSTRIAL RESOURCE CENTER PROGRAM. THE CENTER PROVIDES CONSULTING, TRAINING AND TECHNOLOGY RESOURCES, PRIMARILY TO SMALL AND MEDIUM SIZED MANUFACTURERS, TO ENHANCE THEIR ABILITY TO SUCCESSFULLY COMPETE IN THE GLOBAL MARKETPLACE. IN ADDITION, THE CENTER WORKS WITH ITS OTHER ECONOMIC DEVELOPMENT PARTNERS TO ENCOURAGE REGIONAL COORDINATION OF ECONOMIC DEVELOPMENT EFFORTS AND A COMPREHENSIVE, EFFICIENT, ECONOMIC DEVELOPMENT DELIVERY STRATEGY. false false 2940665 0 1635787 MRC CONDUCTS TECHNICAL AND MANAGERIAL CONSULTING AND TRAINING ENGAGEMENTS USING INTERNAL STAFF AND PRIVATE CONSULTANTS. CLIENTS ARE SURVEYED 1 TO 3 YEARS LATER BY AN INDEPENDENT ORGANIZATION TO DETERMINE THE ECONOMIC BENEFITS DERIVED. DURING THE PERIOD JULY 1, 2022 THROUGH JUNE 30, 2023, THE CENTER ENGAGED IN 31 SUBSTANTIVE PROJECTS WITH 24 COMPANIES AND CONDUCTED 61 WORKSHOPS OR EVENTS WITH 652 PARTICIPANTS. DURING THE SAME PERIOD, 102 COMPANIES REPORTED $60 MILLION (UNAUDITED) TOTAL ECONOMIC IMPACT, AS A RESULT OF THE CENTER'S ASSISTANCE. 2940665 true true false true false false false false false false true false false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true X 0 0 true 17 true false false false false false false false false false false false false false false false X 20 18 false false false false true true true true true true false true true true true true true true true false PA X JEFFREY LONG 6106284636 7200A WINDSOR DRIVE ALLENTOWN PA 18106 X X JOHN COULTER BOARD MEMBER 1.0 40.0 X 0 325067 30873 RICHARD HOBBS PRESIDENT & CEO 40.0 0.0 X 220430 0 26654 MICHAEL J TODD AS OF 7122 BOARD MEMBER 1.0 40.0 X 0 193470 14581 JEFF LONG CHIEF FINANCIAL OFFICER 40.0 0.0 X 140603 0 25443 DIANE LEWIS VP MFG SOLUTIONS & CTR OPS 40.0 0.0 X 130326 0 26566 EUGENE KASCHAK VP CONT IMPROV&LDSHP DEV STRTG 40.0 0.0 X 134759 0 11393 WALTER HOFFERT REG DIRECTOR, MFG SOLUTIONS 40.0 0.0 X 122884 0 14682 KAREN BUCK DIRECTOR, WORKFORCE INITIATIVE 40.0 0.0 X 122681 0 4883 ANN BIEBER BOARD MEMBER 1.0 0.0 X 0 0 0 RON BRACALENTE BOARD MEMBER 1.0 0.0 X 0 0 0 RICHARD BUS BOARD MEMBER 1.0 0.0 X 0 0 0 ETTORE CORINGRATO BOARD MEMBER 1.0 0.0 X 0 0 0 JOSEPH HAMMOND BOARD MEMBER 1.0 0.0 X 0 0 0 CLYDE HORNBERGER BOARD MEMBER (UNTIL 01/26/23) 1.0 0.0 X 0 0 0 SHELLY MCWILLIAMS BOARD MEMBER 1.0 0.0 X 0 0 0 SATISH MOHAPATRA BOARD V. CHAIR 1.0 0.0 X 0 0 0 JOHN PERATE BOARD MEMBER 1.0 0.0 X 0 0 0 JACK PFUNDER BOARD MEMBER 1.0 0.0 X 0 0 0 JOHN QUARMLEY BOARD MEMBER 1.0 0.0 X 0 0 0 WERNER REINARTZ BOARD MEMBER 1.0 0.0 X 0 0 0 RICK SEIBERT BOARD MEMBER 1.0 0.0 X 0 0 0 JEFF SNYDER BOARD MEMBER 1.0 0.0 X 0 0 0 JUSTIN SPANNUTH BOARD MEMBER 1.0 0.0 X 0 0 0 STEPHEN WEISE BOARD CHAIR 1.0 0.0 X 0 0 0 VYKIE WHIPPLE BOARD MEMBER 1.0 0.0 X 0 0 0 BILL WYDRA JR BOARD MEMBER 1.0 0.0 X 0 0 0 BYRON L ZERPHY BOARD MEMBER 1.0 0.0 X 0 0 0 STEVE GERGAR BOARD MEMBER 1.0 0.0 X 0 0 0 871683 518537 155075 6 false true false TITUS CONSULTING 1989 EASTHILL DRIVE BETHLEHEM PA 18017 CONSULTING & TRAININ 203875 WCH PROFESSIONAL SERVICES LLC 4170 MOUNTAIN VIEW DRIVE WALNUTPORT PA 18088 ISO CONSULTING 103296 2 1644340 395044 2039384 FEES FOR CONSULTING & TRAINING SVCS 541610 1618980 1618980 1618980 54784 54784 0 0 0 0 0 490558 496445 -5887 -5887 -5887 0 0 0 0 0 0 0 0 0 COMMISSIONS 900099 6300 6300 OTHER REVENUE 900099 10507 10507 16807 3724068 1635787 48897 0 0 0 0 390117 268663 119942 1512 0 1224135 987341 235981 813 123902 82984 40750 168 185338 124131 60956 251 119783 80225 39396 162 81113 81113 0 42225 42225 0 0 20996 20996 1027916 1012910 15006 393 393 55596 44048 11548 0 19970 11203 8767 120457 110878 9579 25047 19676 5371 0 50051 43535 6516 0 17069 17069 31705 19695 12010 22104 5461 16643 PRINTING/MARKETING 62983 32368 30615 COMMUNICATION 17027 11528 5499 BUILDING MAINT 17900 17900 COPIER LEASE 16558 16558 49710 43401 6309 3722095 2940665 778524 2906 X 0 0 48284 30450 280134 274670 321007 480606 0 0 0 0 0 0 0 0 17141 25115 332450 165177 187410 167273 2074483 2248172 0 0 0 0 486332 368250 8946 8946 3423737 3603482 1338932 1268551 0 0 70489 66000 0 0 0 0 0 0 0 0 0 0 0 0 1409421 1334551 X 2014316 2268931 0 0 2014316 2268931 3423737 3603482 X 1973 248642 4000 X false true X true true true X 1826797 1945836 1922598 1814848 2039384 9549463 0 0 1826797 1945836 1922598 1814848 2039384 9549463 0 9549463 53190 47941 34222 38442 54784 228579 0 0 9778042 5890050 0.97662 0.97647 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false 3424 true 3424 false FORM 990, SCHEDULE C, PART II-B, LINES 1D & 1I DURING THE YEAR, MRC PAID EXPENSES THROUGH MEMBERSHIPS FOR THIRD PARTY LOBBYING ASSISTANCE. 204146 0 71451 132695 128304 0 93726 34578 167273 0 0 X 3955714 248642 4000 252642 3703072 20996 20996 3724068 3701099 3701099 20996 20996 3722095 FORM 990, SCHEDULE D, PART X, LINE 2 THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE CENTER AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CENTER USES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CENTER HAS NO UNCERTAIN TAX POSITIONS MEETING THE THRESHOLD FOR ACCRUAL IN THE YEARS ENDED JUNE 30, 2023 OR 2022. FORM 990, SCHEDULE D, PART XI, LINE 2D CHANGES IN POST RETIREMENT BENEFIT OBLIGATION $30,000 AND NET PERIODIC BENEFIT COSTS OTHER THAN SERVICE COSTS ($26,000) X X X false false false true false false false false false JOHN COULTER BOARD MEMBER 0 312754 0 0 0 12313 0 28407 0 2466 0 355940 0 0 RICHARD HOBBS PRESIDENT & CEO 219194 0 0 1236 0 11179 0 15475 0 247084 0 0 0 JEFF LONG CHIEF FINANCIAL OFFICER 135165 0 0 5438 0 3987 0 21456 0 166046 0 0 0 DIANE LEWIS VP MFG SOLUTIONS & CTR OPS 125978 0 0 4348 0 8682 0 17884 0 156892 0 0 0 MICHAEL J TODD AS OF 7122 BOARD MEMBER 0 193050 0 0 0 420 0 2344 0 12237 0 208051 0 0 FORM 990, SCHEDULE J, PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS MRC'S COMPENSATION COMMITTEE. THEY ANNUALLY REVIEW AND APPROVE THE OVERALL MERIT POOL, ANY ONE-TIME SALARY ADJUSTMENTS AND CHANGES TO THE STRUCTURE OF THE PERFORMANCE INCENTIVE PLAN. THE EXECUTIVE COMMITTEE ANNUALLY DETERMINES THE TOTAL COMPENSATION, INCLUDING BENEFITS AND OTHER FORMS OF COMPENSATION, FOR ALL OFFICERS AND KEY EMPLOYEES AND CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR THE PRESIDENT/CEO. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES WILL BE REVIEWED BASED UPON COMPARABLE DATA AND MUST BE APPROVED IN ADVANCE BY THE EXECUTIVE COMMITTEE. THE DELIBERATIONS AND DECISIONS ON COMPENSATION WILL BE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE INDIVIDUALS COVERED BY THIS POLICY ARE THE PRESIDENT/CEO AND THE FINANCIAL OFFICER. THE PROCESS WAS LAST COMPLETED IN SEPTEMBER 2023. FORM 990, SCHEDULE J, PART I, LINE 5 MRC MAINTAINS A PERFORMANCE INCENTIVE PLAN AS PART OF ITS EMPLOYEE COMPENSATION PACKAGE. THE PLAN INCLUDES A THRESHOLD AND 4 GOALS. A PAYOUT IS CONTINGENT UPON SUFFICIENT NET REVENUE FOR AN OPERATIONAL BREAKEVEN INCLUDING THE EARNED PAYOUT. IN 2022-2023 A PAYOUT WAS MADE WITH BOARD OF DIRECTORS' APPROVAL. THIS PAYOUT WAS MADE BASED ON MRC PERFORMANCE FOR THE FISCAL YEAR. FORM 990, PART V, LINE 1A LEHIGH UNIVERSITY IS THE COMMON PAY AGENT FOR MRC. FORM 990, PART V, LINE 1B LEHIGH UNIVERSITY IS THE COMMON PAY AGENT FOR MRC. FORM 990, PART V, LINE 1C MRC CONTRACTS WITH LEHIGH UNIVERSITY TO PROCESS ITS CHECKS, INCLUDING TAX WITHHOLDING AND REPORTING FOR REPORTABLE PAYMENTS. FORM 990, PART V, LINE 2A LEHIGH UNIVERSITY IS THE COMMON PAY AGENT FOR MRC AND PROVIDES WAGE AND TAX REPORTING FOR MRC EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 LEHIGH UNIVERSITY IS THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A LEHIGH UNIVERSITY, AS THE SOLE MEMBER OF THE CORPORATION, MAY ELECT OR REJECT NOMINEES TO THE BOARD OF DIRECTORS OR REMOVE DIRECTORS FROM THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B LEHIGH UNIVERSITY, AS THE SOLE MEMBER OF THE CORPORATION, MAY ELECT OR REJECT NOMINEES TO THE BOARD OF DIRECTORS OR REMOVE DIRECTORS FROM THE BOARD; MUST APPROVE PURCHASES OR SALES OF REAL ASSETS OR BORROWINGS IN EXCESS OF $50,000; AND MUST APPROVE THE ACCOUNTING FIRM TO PERFORM THE FINANCIAL AUDITS. FORM 990, PART VI, SECTION A, LINE 9 ANN BIEBER, PRESIDENT, LEHIGH CARBON COMMUNITY COLLEGE, SCHNECKSVILLE, PA 18078; RON BRACALENTE, PRESIDENT, BRACALENTE MANUFACTURING GROUP, P.O. BOX 570, 20 W. CREAMERY ROAD, TRUMBAUERSVILLE, PA 18970; RICHARD BUS, PRESIDENT, ATAS INTERNATIONAL, INC., 6612 SNOWDRIFT ROAD, ALLENTOWN, PA 18106-9352; ED J. CORINGRATO, JR., (CHAIR) SENIOR ADVISOR, I2R NANOWAVE, INC., 8909 CLEARWATER COURT, FOGELSVILLE, PA 18051; JOHN COULTER, ASSOCIATE DEAN FOR RESEARCH & OPERATIONS, P.C. ROSSIN COLLEGE OF ENGINEERING & APPLIED SCIENCE, LEHIGH UNIVERSITY, PACKARD LAB, 19 MEMORIAL DRIVE WEST, BETHLEHEM, PA 18015; STEVE GERGAR VP, FINANCE & CHIEF FINANCIAL OFFICER HOSPITAL CENTRAL SERVICES/MILLER-KEYSTONE BLOOD CENTER 2171 28TH STREET, SOUTHWEST ALLENTOWN, PA 18103-7093; JOSEPH HAMMOND, DIRECTOR II OF OPERATIONS, B. BRAUN MEDICAL, INC. HQ, 2301 HIGHLAND AVE., BETHLEHEM, PA 18020; CLYDE HORNBERGER, ED.D., EDUCATIONAL CONSULTANT, 872 FOUNTAIN STREET, ASHLAND, PA 17921; SHELLY SLOTTER MCWILLIAMS, PRESIDENT, LEHIGH VALLEY PLASTICS, 187 N. COMMERCE WAY, BETHLEHEM, PA 18017; SATISH MOHAPATRA, PRESIDENT, DYNALENE, 5250 WEST COPLAY ROAD, WHITEHALL, PA 18052; JACK PETERS, PRESIDENT, J. R. PETERS, INC., 6656 GRANT WAY, ALLENTOWN, PA 18106-9316; JOHN C. PERATE SVP, GROUP MANAGER M&T BANK 50 N. 5TH STREET, 3RD FLOOR READING, PA 19601; JACK PFUNDER, PRESIDENT/CEO EMERITUS, MANUFACTURERS RESOURCE CENTER, 2737 THREE MILE RUN ROAD, PERKASIE, PA 18944; JOHN QUARMLEY, GENERAL MANAGER, HIGHWOOD, 87 TIDE ROAD, TAMAQUA, PA 18252; WERNER REINARTZ, PRESIDENT & CEO, REYNOLDS & REYNOLDS ELECTRONICS, INC., P.O. BOX 1710, BETHLEHEM, PA 18106; RICK SEIBERT, SENIOR VICE PRESIDENT OF TECHNOLOGY & CORPORATE DEVELOPMENT SHARP CORPORATION 7451 KEEBLER WAY ALLENTOWN, PA 18106-9302; JEFF SNYDER, PRESIDENT AMERICAN POLARIZERS, INC. 141 SOUTH SEVENTH STREET READING, PA 19602; JUSTIN SPANNUTH VP/COO UNIQUE SNACKS 215 E. BELLEVUE AVENUE READING, PA 19605; STEPHEN WEISE, EVP MANUFACTURING & SUPPLY CHAIN, FRESHPET KITCHENS, 176 N. COMMERCE WAY, BETHLEHEM, PA 18017; VYKIE WHIPPLE, CHIEF FINANCIAL OFFICER, BREY-KRAUSE MANUFACTURING, 1209 WEST LEHIGH STREET, BETHLEHEM, PA 18018-4839; BILL WYDRA, JR., ASHLAND TECHNOLOGIES, INC., 218 DELL ROAD, HEGINS, PA 17938; BYRON L. ZERPHY, PRESIDENT, SOLAR TECHNOLOGY, INC., 7620 CETRONIA ROAD, ALLENTOWN, PA 18106. FORM 990, PART VI, SECTION B, LINE 11 MRC'S FINANCIAL OFFICER/TREASURER IS RESPONSIBLE FOR THE ACCURATE AND TIMELY COMPLETION AND SUBMISSION OF THE 990 TAX RETURN ANNUALLY. PRIOR TO FILING, THE COMPLETED FORMS ARE SENT TO THE EXECUTIVE OR FINANCE COMMITTEE FOR REVIEW AND ARE MADE AVAILABLE TO THE FULL BOARD PRIOR TO SUBMITTAL. COPIES OF THE FILED RETURNS WILL BE RETAINED AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED BY LAW. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR OR KEY EMPLOYEE WILL REPORT ANY CONFLICTS OF INTEREST TO THE CFO OR BOARD CHAIRMAN, AS SOON AS PRACTICAL AFTER THEY BECOME AWARE OF SUCH A CONFLICT. THEY MUST ALSO ANNUALLY COMPLETE THE FORM 990 TAX QUESTIONNAIRE IN ADDITION TO COMPLETING THE CONFLICT OF INTEREST AND FINANCIAL DISCLOSURE FORMS REQUIRED BY THE STATE. MRC MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY REVIEWING THE ANNUAL QUESTIONNAIRES AND PROVIDING A SUMMARY HIGHLIGHTING POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER FURTHER ACTION IS REQUIRED. IF CONFLICTS EXIST, THE EXECUTIVE COMMITTEE WILL RECOMMEND TO THE BOARD THE CORRECTIVE MEASURES, IF ANY, TO BE TAKEN TO RESOLVE THE CONFLICT OR WILL IMPOSE APPROPRIATE RESTRICTIONS ON THE PERSONS WITH THE CONFLICT. THE BOARD OF DIRECTORS, EXCLUDING SUCH CONFLICTED PERSONS, WILL HAVE FINAL APPROVAL OF ANY RECOMMENDED CORRECTIVE MEASURES OR IMPOSED RESTRICTIONS. SUCH RESTRICTIONS WILL REQUIRE EXCLUDING CONFLICTED PERSONS FROM DISCUSSION AND APPROVAL OF TRANSACTIONS BENEFITTING THEM, DIRECTLY OR INDIRECTLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS MRC'S COMPENSATION COMMITTEE. THEY ANNUALLY REVIEW AND APPROVE THE OVERALL MERIT POOL, ANY ONE-TIME SALARY ADJUSTMENTS, AND CHANGES TO THE STRUCTURE OF THE PERFORMANCE INCENTIVE PLAN. THE EXECUTIVE COMMITTEE ANNUALLY DETERMINES THE TOTAL COMPENSATION, INCLUDING BENEFITS AND OTHER FORMS OF COMPENSATION, FOR ALL OFFICERS AND KEY EMPLOYEES AND CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR THE PRESIDENT/CEO. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES WILL BE REVIEWED BASED UPON COMPARABLE DATA AND MUST BE APPROVED IN ADVANCE BY THE EXECUTIVE COMMITTEE. THE DELIBERATIONS AND DECISIONS ON COMPENSATION WILL BE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE INDIVIDUALS COVERED BY THIS POLICY ARE THE PRESIDENT/CEO AND THE FINANCIAL OFFICER/TREASURER. THE PROCESS WAS LAST COMPLETED IN SEPTEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT MRC'S MAIN OFFICE UPON REQUEST. FORM 990, PART VII, SECTION A PATRICIA JOHNSON RESIGNED AS BOARD MEMBER ON JUNE 30, 2022. CLYDE HORNBERGER RESIGNED AS BOARD MEMBER ON JANUARY 26, 2023. FORM 990, PART XI, LINE 9 CHANGES IN POSTRETIREMENT BENEFIT OBLIGATION: $ 30,000 NET PERIODIC BENEFIT COSTS OTHER THAN SERVICE COSTS: (26,000) ___________ $ 4,000 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS FOR CLIENT SVCS TOTAL FEES:322491 FORM 990 PART IX LINE 11G DESCRIPTION:PROF. SERVICES FOR INITIATIVES TOTAL FEES:705425 LEHIGH UNIVERSITY 27 MEMORIAL DRIVE WEST BETHLEHEM PA 18015 240795445 UNIVERSITY PA 501(C)(3) 2 NA false BEN FRANKLIN TECHNOLOGIES PARTNERS NE PA MOUNTAIN CAMPUS 116 RESEARCH DRIVE BETHLEHEM PA 18015 232517422 ECNOMIC DEVEL PA 501(c)(3) 7 LEHIGH UNIV true false false false false false false false false false false false false true false false true false false true SCHEDULE R, PART V, LINE 1M MRC REIMBURSED ITS PARENT, LEHIGH UNIVERSITY, FOR EMPLOYEE BENEFITS PROVIDED ON BEHALF OF MRC EMPLOYEES. SCHEDULE R, PART V, LINE 1P MRC REIMBURSED ITS PARENT, LEHIGH UNIVERSITY, FOR EMPLOYEE BENEFITS PROVIDED ON BEHALF OF MRC EMPLOYEES. SCHEDULE R, PART V, LINE 1S MRC RECEIVED INTEREST INCOME FROM LEHIGH UNIVERSITY ON ITS SHORT-TERM CASH ACCOUNTS.