2025-11-17T17:24:39-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2024-01-01 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 2025-11-17 1 0 MALLORY GOOD P01704765 2156433900 2025-11-17 2024 2025-03-06 01:10:19Z THOMAS YOUNG 1617 JFK BLVD ONE PENN CTR 1690 PHILADELPHIA PA 19103 1198333 0 X WWW.WTCPHILA.ORG X 2001 NJ TO BRING GROWTH AND PROSPERITY TO GREATER PHILADELPHIA THROUGH GLOBAL TRADE AND INVESTMENT 15 15 10 25 0 0 969051 1172514 11350 0 0 0 -43480 -44920 936921 1127594 0 0 0 0 620841 850714 0 0 222613 597127 424478 1217968 1275192 -281047 -147598 686680 501882 932326 895126 -245646 -393244 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 804868 0 0 THE WORLD TRADE CENTER GREATER PHILADELPHIA (WTCGP) HELPS REGIONAL COMPANIES EXPAND INTO INTERNATIONAL MARKETS AND ASSISTS FOREIGN FIRMS IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. AS THE COMMONWEALTH'S REGIONAL EXPORT NETWORK (REN) PARTNER FOR SOUTHEASTERN PENNSYLVANIA, THE WTCGP DELIVERS EXPORT DEVELOPMENT, FOREIGN INVESTMENT ATTRACTION, AND INTERNATIONAL BUSINESS EDUCATION PROGRAMS THAT STRENGTHEN THE REGION'S GLOBAL COMPETITIVENESS.DURING 2024, WTCGP ADVANCED ITS MISSION BY HELPING REGIONAL COMPANIES TO COMPETE AND SUCCEED GLOBALLY, EESULTING IN MEASURABLE EXPORT GROWTH AND JOB CREATION (CONTINUED ON SCHEDULE O).THE ORGANIZATION CONTINUES TO SERVE AS THE REGION'S TRUSTED ADVISOR IN INTERNATIONAL TRADE, SUPPORTING INCLUSIVE ECONOMIC DEVELOPMENT THROUGH PROGRAMS THAT PREPARE BUSINESSES TO ACCESS GLOBAL MARKETS AND ATTRACT INTERNATIONAL INVESTMENT TO THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTED APPROXIMATELY 157 COMPANIES, PRIMARILY SMALL AND MEDIUM-SIZED ENTERPRISES, THROUGH EXPORT COUNSELING AND TECHNICAL ADVISORY SERVICES. THE WTCGP ALSO CONDUCTED 29 EDUCATIONAL EVENTS AND TRAINING PROGRAMS, INCLUDING ITS ANNUAL GLOBAL BUSINESS CONFERENCE AND WORLD TRADE CENTERS DAY CELEBRATION, REACHING MORE THAN 500 PARTICIPANTS FROM THE BUSINESS, GOVERNMENT, AND ACADEMIC SECTORS. WTCGP FACILITATED ENGAGEMENT WITH PARTNERS FROM OVER 20 COUNTRIES THROUGH TRADE MISSIONS AND FOREIGN DELEGATIONS. COMPANIES ASSISTED BY WTCGP REPORTED APPROXIMATELY $128 MILLION IN NEW AND RETAINED EXPORT SALES, SUPPORTING AN ESTIMATED 560 REGIONAL JOBS. 804868 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 10 1 0 0 0 0 0 1 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ PA X THOMAS YOUNG 2155864240 1617 JFK BLVD PHILADELPHIA PA 19103 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 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 ROSEANN B ROSENTHAL BOARD MEMBER 0.20 X 0 0 0 MARTY SCHIFFMAN BOARD MEMBER 0.20 X 0 0 0 ANTHONY J SIMONETTA BOARD MEMBER 0.20 X 0 0 0 THOMAS YOUNG CEO 40.00 X 150000 0 20457 150000 0 20457 1 0 1 0 0 53500 182281 850989 85744 1172514 25819 182281 70739 -44920 -44920 1127594 0 0 -44920 172161 136365 25569 10227 553101 327886 110337 114878 66251 38881 13316 14054 59201 37632 11161 10408 48195 30636 9086 8473 26084 16581 4917 4586 72872 46322 13738 12812 29465 18730 5555 5180 15336 9748 2892 2696 18173 11552 3426 3195 94217 59890 17762 16565 60263 38307 11361 10595 20332 12924 3834 3574 13541 8608 2552 2381 MEMBERSHIP/SUBSCRIPTION 15383 9778 2900 2705 BAD DEBT 9000 0 9000 0 CHARITABLE REGISTRATION 400 254 76 70 1217 774 229 214 1275192 804868 247711 222613 12845 95353 208561 73462 76750 0 14079 4032 155286 155286 0 0 374445 329035 686680 501882 111349 81739 31000 450000 445528 370977 336859 932326 895126 X -245646 -393244 -245646 -393244 686680 501882 -147598 0 X 1 X 0 1 0 X 902181 733657 762181 969051 1172514 4539584 100 11350 0 11450 902281 733657 762181 980401 1172514 4551034 26800 5100 6500 50 38450 92339 126200 179723 118786 152844 669892 92339 153000 184823 125286 152894 708342 3842692 7328 -41460 -43480 -44920 -122532 902281 740985 720721 936921 1127594 4428502 0.86770 0.93850 0.00000 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 319035 329035 LEASE LIABILITY 336859 336859 X 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 188500 164125 24375 24375 2500 23401 GBC CONFERENCE 12950 11506 1444 0 1444 5101 201450 175631 25819 24375 1444 2500 28502 56821 -31002 X 0 0 0 0 0 0 0 0 0 THOMAS YOUNG CEO 150000 0 0 0 0 0 0 0 20457 0 170457 0 0 0 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.