2025-10-29T11:48:18-04:00 2024-12-31 232749044 BEE BERGVALL & CO PO BOX 754 WARRINGTON PA 189760754 990 2024-01-01 230972080 MARITIME EXCHANGE FOR THE DELAWARE RIVER AND BAY INC MARI 2159252615 240-242 CHERRY STREET PHILADELPHIA PA 191061906 GEORGE E MCCARTHY PRESIDENT 2159252615 2025-10-28 true false CYNTHIA BERGVALL CPA P00133440 2153432727 2025-10-29 2024 2025-03-06 01:10:19Z GEORGE E MCCARTHY 240-242 CHERRY STREET PHILADELPHIA PA 191061906 3161682 false X WWW.MARITIMEDELRIV.COM X 1882 PA DEDICATED TO PROMOTING AND ENCOURAGING COMMERCE ON THE DELAWARE RIVER AND BAY THROUGH A GOVERNMENT AFFAIRS PROGRAM AND A COMPREHENSIVE ON-LINE SUITE OF MARITIME INFORMATION SERVICES, THE EXCHANGE ENSURES OUR MEMBERS ARE OPERATING IN THE MOST POSITIVE ECONOMIC CLIMATE POSSIBLE. 41 40 18 42 89166 250000 250000 2287814 2304526 231116 393502 42417 54331 2811347 3002359 0 0 1440205 2085496 0 0 858003 895157 2298208 2980653 513139 21706 9949944 11059101 493597 1091800 9456347 9967301 X DEDICATED TO PROMOTING AND ENCOURAGING COMMERCE ON THE DELAWARE RIVER AND BAY THROUGH A GOVERNMENT AFFAIRS PROGRAM AND A COMPREHENSIVE ON-LINE SUITE OF MARITIME INFORMATION SERVICES, THE EXCHANGE ENSURES OUR MEMBERS ARE OPERATING IN THE MOST POSITIVE ECONOMIC CLIMATE POSSIBLE. false false 1215269 2304526 DEVELOP/OPERATE MARITIME COMMUNICATIONS 1215269 false true false true false false false false false true false false false true false true false 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 false true 9 0 true 18 true true true false false false false false false false X 41 40 false false false false true true false true true false false true true true true true true true true false X KIMBERLEY ZUMBADO 2159252615 240-242 CHERRY STREET PHILADELPHIA PA 19106 LISA HIMBER PRESIDENT 40.00 X X 754650 0 25383 JOHN T REYNOLDS CHAIRMAN 1.00 X X 0 0 0 DAVID K CUFF VICE CHAIRMA 1.00 X X 0 0 0 UWE SCHULZ VICE CHAIRMA 1.00 X X 0 0 0 A ROBERT DEGEN ESQ SECRETARY 1.00 X X 0 0 0 ROBERT A HERB TREASURER 1.00 X X 0 0 0 WILLIAM ANDERSON BOARD MEMBER 1.00 X 0 0 0 JOHN C BRENNAN BOARD MEMBER 1.00 X 0 0 0 BRIAN CASAL BOARD MEMBER 1.00 X 0 0 0 SEAN CLANCY BOARD MEMBER 1.00 X 0 0 0 STEVE CLARK BOARD MEMBER 1.00 X 0 0 0 LYNN COINTOT BOARD MEMBER 1.00 X 0 0 0 DOMENIC COLELLA BOARD MEMBER 1.00 X 0 0 0 THOMAS J COOK BOARD MEMBER 1.00 X 0 0 0 MICHAEL CURETON BOARD MEMBER 1.00 X 0 0 0 JOHN J DEEMER BOARD MEMBER 1.00 X 0 0 0 RICHARD E DEGENNARO BOARD MEMBER 1.00 X 0 0 0 JOHN ERCOLANI III BOARD MEMBER 1.00 X 0 0 0 EDWARD FITZGERALD BOARD MEMBER 1.00 X 0 0 0 JOSEPH C HARE USNR RET BOARD MEMBER 1.00 X 0 0 0 NATHAN HAUSER BOARD MEMBER 1.00 X 0 0 0 EDWARD HAZZOURI ESQ BOARD MEMBER 1.00 X 0 0 0 BAYARD HOGANS BOARD MEMBER 1.00 X 0 0 0 MICHAEL J HOLT BOARD MEMBER 1.00 X 0 0 0 FREDERICK J IULIUCCI III BOARD MEMBER 1.00 X 0 0 0 JAMES LYONS BOARD MEMBER 1.00 X 0 0 0 RODNEY MARTINEZ BOARD MEMBER 1.00 X 0 0 0 MARTIN MASCUILLI BOARD MEMBER 1.00 X 0 0 0 EUGENE MATTIONI ESQ BOARD MEMBER 1.00 X 0 0 0 WILLIAM J MORAN BOARD MEMBER 1.00 X 0 0 0 EDWARD T MORIARTY BOARD MEMBER 1.00 X 0 0 0 GEORGE C MURPHY BOARD MEMBER 1.00 X 0 0 0 DAVID MONK BOARD MEMBER 1.00 X 0 0 0 ROBERT W PALAIMA BOARD MEMBER 1.00 X 0 0 0 MICHAEL REAGOSO BOARD MEMBER 1.00 X 0 0 0 LISA REEVES ESQ BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER ROWLAND BOARD MEMBER 1.00 X 0 0 0 ANDREW SAPORITO BOARD MEMBER 1.00 X 0 0 0 JEFFREY THEOBALD BOARD MEMBER 1.00 X 0 0 0 KUBILAY ULUCAN BOARD MEMBER 1.00 X 0 0 0 RICHARD E VENUTI BOARD MEMBER 1.00 X 0 0 0 MICHAEL FINK CHIEF ADMIN 40.00 X 146077 0 22293 PAUL MYHRE DIR OF OPERA 40.00 X 128486 0 6317 KIMBERLEY ZUMBADO DIR OF FINAN 40.00 X 129433 0 27388 1158646 81381 4 false true false 250000 250000 SHIP COMMUNICATIONS CHARGE 812900 1397990 1397990 PORT SERVICE PROGRAM REVENUE 812900 336605 336605 TRACS USAGE FEE 812900 336214 336214 PORT DIRECTORY/BEACON 812900 89166 89166 DUES - REVENUE 511190 77533 77533 67018 67018 2304526 393502 393502 181854 159323 22531 22531 22531 CONSULTING REVENUE 900099 31800 31800 31800 3002359 2247160 89166 416033 780869 1035069 22168 147812 99578 48670 16648 30000 21486 1491 229334 113995 74162 14714 55440 111841 77713 GIFTS/CONTRIBUTIONS 28073 150TH ANNIVERSARY 25000 DUES AND SUBSCRIPTIONS 15467 REPAIR AND MAINTENANCE 14113 17010 2980653 0 0 0 261846 280763 279391 45545 330444 330451 191074 178038 3484889 2584147 1018135 900742 7692896 9204493 149500 118260 26658 809 9949944 11059101 262558 200402 183811 356461 47228 534937 493597 1091800 X 9456347 9967301 9456347 9967301 9949944 11059101 21706 489248 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false 77533 376 376 2326 -1950 90700 90700 1656340 1283971 372369 522399 180683 341716 1215450 1119493 95957 900742 RETIREMENT OBLIGATION PAYABLE 491292 SECURITY DEPOSIT FROM TENANT 40912 OPERATING LEASE LIABILITY 2733 534937 3620930 489248 489248 3131682 30000 -159323 -129323 3002359 3109976 159323 159323 2950653 30000 30000 2980653 SCHEDULE D, PAGE 4, PART XI, LINE 4B DIRECT/INDIRECT RENTAL EXPENSE NETTED AGAINST INCOME -159,323 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT/INDIRECT RENTAL EXPENSE 159,323 SCHEDULE D, PAGE 4, PART XIII PART X - RETIREMENT OBLIGATION PAYABLE THE EXCHANGE ENTERED INTO AN EMPLOYEE RETIREMENT AGREEMENT WITH THE FORMER PRESIDENT OF THE EXCHANGE. THE PRESIDENT'S LAST DAY OF EMPLOYMENT WAS DECEMBER 31, 2024. THE EXCHANGE AGREED TO PAY THE FORMER PRESIDENT 13,647 PER MONTH FOR 36 MONTHS ENDING DECEMBER 31, 2027. THE FORMER PRESIDENT IS NOT ENTITLED TO ANY BENEFITS OFFERED BY THE EXCHANGE. THE FORMER PRESIDENT IS NOT BOUND BY ANY NON-COMPETE AGREEMENT. X X X true false false LISA HIMBER PRESIDENT 263358 491292 9015 16368 780033 MICHAEL FINK CHIEF ADMIN OFFICER 146077 6938 15355 168370 KIMBERLEY ZUMBADO DIR OF FINANCE 129433 1883 25505 156821 SCHEDULE J, PAGE 1, PART I, LINE 4 LISA HIMBER 491,292 0 0 SCHEDULE J, PART III RETIREMENT OBLIGATION PAYABLE THE EXCHANGE ENTERED INTO AN EMPLOYEE RETIREMENT AGREEMENT WITH THE FORMER PRESIDENT OF THE EXCHANGE. THE PRESIDENT'S LAST DAY OF EMPLOYMENT WAS DECEMBER 31, 2024. THE EXCHANGE AGREED TO PAY THE FORMER PRESIDENT 13,647 PER MONTH FOR 36 MONTHS ENDING DECEMBER 31, 2027. THE FORMER PRESIDENT IS NOT ENTITLED TO ANY BENEFITS OFFERED BY THE EXCHANGE. THE FORMER PRESIDENT IS NOT BOUND BY ANY NON-COMPETE AGREEMENT. IN ACCORDANCE WITH INSTRUCTIONS, WHILE THE AMOUNTS ARE TO BE PAID OVER A THREE YEAR PERIOD, BASED ON THE ACCRUAL METHOD OF ACCOUNTING, THE FULL EXPENSE WAS REALIZED IN THE CURRENT FISCAL YEAR. FORM 990 - ORGANIZATION'S MISSION DEDICATED TO PROMOTING AND ENCOURAGING COMMERCE ON THE DELAWARE RIVER AND BAY THROUGH A GOVERNMENT AFFAIRS PROGRAM AND A COMPREHENSIVE ON-LINE SUITE OF MARITIME INFORMATION SERVICES, THE EXCHANGE ENSURES OUR MEMBERS ARE OPERATING IN THE MOST POSITIVE ECONOMIC CLIMATE POSSIBLE. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS THAT ELECT THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION WILL FIRST OBTAIN APPROVAL OF THE FINANCE COMMITTEE CHAIRMAN AND THEN PRESENT IT TO THE GOVERNING BODY AT A REGULARLY-SCHEDULED MEETING PRIOR TO FILING THE TAX RETURN. FORM 990, PAGE 6, PART VI, LINE 12C EMPLOYEES AND BOARD MEMBERS RECEIVE AN ANNUAL UPDATE AND NEW EMPLOYEES ARE PROVIDED WITH A COPY OF THE POLICY UPON HIRING. FORM 990, PAGE 6, PART VI, LINE 15A ON AN ANNUAL BASIS, GENERALLY IN OCTOBER, THE FINANCE AND EXECUTIVE COMMITTEES ARE RESPONSIBLE TO CONDUCT A FORMAL REVIEW OF THE MARITIME EXCHANGE BUDGET FOR THE UPCOMING YEAR. THE BUDGET IS PREPARED BY THE PRESIDENT IN CONJUNCTION WITH SENIOR ORGANIZATION MANAGEMENT, AND INCLUDED IN THIS BUDGET IS A PROPOSED SALARY LINE ITEM COVERING BOTH EXECUTIVE AND NON-EXECUTIVE STAFF. IF APPROPRIATE AND FEASIBLE, THE BUDGET WILL INCLUDE A PROPOSED INCREASE OF A CERTAIN PERCENTAGE WHICH CAN BE USED FOR MERIT AND/OR COST OF LIVING INCREASES FOR STAFF. POTENTIAL SALARY ADJUSTMENTS ARE REVIEWED AND DISCUSSED WITH BOTH COMMITTEES IN CONJUNCTION WITH OTHER BUDGET CONSIDERATIONS. WHEN THE TWO COMMITTEES ARE SATISFIED, THE PROPOSED BUDGET IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR ITS REVIEW AND DELIBERATION, GENERALLY IN NOVEMBER. EITHER OF THE TWO COMMITTEES OR THE BOARD MAY ELECT TO APPROVE THE BUDGET AS PRESENTED OR SUGGEST ADDITIONAL MODIFICATIONS. BY APPROVING THE BUDGET EACH YEAR, THE BOARD IS ESTABLISHING THE MAXIMUM ALLOWABLE COMPENSATION WHICH CAN BE PAID TO EXCHANGE STAFF. ANY DEVIATIONS ABOVE THAT AMOUNT WOULD REQUIRE A SEPARATE BOARD REVIEW/APPROVAL PROCESS. THE EXECUTIVE COMMITTEE, SERVING AS A COMPENSATION COMMITTEE, CONSIDERS SALARY ADJUSTMENTS FOR THE PRESIDENT. THE EVALUATIONS ARE BASED ON OVERALL PERFORMANCE OF THE ORGANIZATION, COMPARABLE COMPENSATION REVIEWS OF OTHER ORGANIZATIONS, AS WELL AS RELEVANT BUDGET CONSIDERATIONS. THE EXECUTIVE COMMITTEE NOTIFIES THE PRESIDENT OF ITS FINAL DECISION, AND ADJUSTMENTS ARE MADE AS DIRECTED. FORM 990, PAGE 6, PART VI, LINE 15B SAME PROCESS AS DESCRIBED IN PART VI, 15A FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST