2026-01-31T09:53:43-06:00 2025-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-07-01 232531413 DELAWARE VALLEY INDUSTRIAL RESOURCE CENTER DELA 2154648550 4609 S BROAD STREET PHILADELPHIA PA 19112 RINKU MODI CFO 2154648550 2026-01-29 1 1 KATIE O GALASKA P01211168 2154414600 2024 2025-03-06 01:10:19Z X CHRIS SCAFARIO 4609 S BROAD STREET PHILADELPHIA PA 19112 7748135 0 X WWW.DVIRC.ORG X 1988 PA SEE SCHEDULE O 13 13 42 10 0 0 3508709 3700591 4690531 3973556 0 6263 62943 67725 8262183 7748135 0 0 0 0 4274044 4124583 0 0 0 3577291 3065973 7851335 7190556 410848 557579 3356326 3965355 1008956 1069342 2347370 2896013 X SEE SCHEDULE O 0 0 4828626 3985389 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. 4828626 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 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 42 0 42 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 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 4609 S BROAD STREET PHILADELPHIA PA 19112 ANTHONY SCHWEIGER BOARD CHAIRMAN AND SECRETARY 1.00 X X 0 0 0 JAMES VISNIC BOARD MEMBER 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 KEN BAKER BOARD MEMBER 1.00 X 0 0 0 ART BALZEREIT BOARD MEMBER 1.00 X 0 0 0 JON KIRCHNER BOARD MEMBER 1.00 X 0 0 0 MARYSHEILA MCDONALD BOARD MEMBER 1.00 X 0 0 0 KATHY REYNOLDS BOARD MEMBER 1.00 X 0 0 0 SAM THEVANAYAGAM BOARD MEMBER 1.00 X 0 0 0 PAUL TRAMO BOARD MEMBER 1.00 X 0 0 0 ANTHONY GIRIFALCO EXECUTIVE VICE PRESIDENT 37.50 X 211499 0 39564 CHRISTOPHER SCAFARIO PRESIDENT / CHIEF EXECUTIVE OFFICER 37.50 X 271635 0 49455 RINKU MODI CHIEF FINANCIAL OFFICER 37.50 X 196000 0 50755 ELLEN HARVILLA DIRECTOR HR; TRAINING & ED 37.50 X 163808 0 34971 GERALD ALAN SHELL DIRECTOR, CONTINUOUS IMPROVEMENT 37.50 X 155207 0 15054 ROBERT CROSSETT REGIONAL VP, BUSINESS DEVE 37.50 X 170602 0 15893 SYLVIA WOWER VP RESEARCH & STRAT. GROWT 37.50 X 192223 0 17017 VIVEIENNE BAXTER SR. MANAGER, TRAINING & ORGANIZATION DEVELOPMENT 37.50 X 146552 0 53352 1507526 0 276061 13 0 1 0 SMALL BUSINESS DESIGN CTR LLC 2424 EAST YORK STREET STREET 310 PHILADELPHIA PA 19125 PROFESSIONAL SERVICES 425911 INDEPENDENCE BLUE CROSS PO BOX 780388 PHILADELPHIA PA 19178 PROFESSIONAL SERVICES 385185 CLARITEE GROUP LLC PO BOX 672 DOYLESTOWN PA 18901 PROFESSIONAL SERVICES 199685 WRITING WORKS LTD PO BOX 292 LEHIGHTON PA 18235 PROFESSIONAL SERVICES 199279 CORETELLIGENT LLC 197 1ST AVE SUITE 360 NEEDHAM MA 02494 PROFESSIONAL SERVICES 154116 5 2678328 1022263 3700591 CONSULTING 541610 3973556 3973556 3973556 6263 6263 62155 0 62155 62155 62155 CASH SURRENDER VALUE 900099 5570 5570 5570 7748135 3985389 0 62155 X 663750 87248 576502 2585783 1766585 819198 875050 499209 375841 1797160 1633188 163972 298159 170097 128062 75675 43172 32503 78473 44768 33705 8551 4878 3673 105378 60118 45260 90978 51902 39076 COMMUNICATIONS 276008 276008 0 MISCELLANEOUS EXPENSES 232182 132459 99723 SUPPLIES/PRINTING/POSTA 57985 33080 24905 REPAIRS AND MAINTENANCE 37855 21596 16259 7569 4318 3251 7190556 4828626 2361930 0 1221364 1903678 350787 530392 649425 674133 266381 166208 2943648 2392883 634008 550765 50000 0 184361 140179 3356326 3965355 771547 685646 237409 383696 1008956 1069342 X 2347370 2896013 2347370 2896013 3356326 3965355 X 557579 -8936 X X 0 1 X 1 1 1 X 4249301 3147222 3304867 3508709 3700591 17910690 4249301 3147222 3304867 3508709 3700591 17910690 17910690 63430 60000 60000 60333 62155 305918 129202 -116965 78444 2610 5570 98861 18315469 19966190 0.97790 0.97820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 150000 0 0 150000 0 150000 150000 1887453 1819640 67813 13798 13798 0 892397 559445 332952 550765 REFUNDABLE ADVANCES 239684 SECURITY DEPOSIT PAYABLE 3833 OPERATING LEASE LIABILITY 140179 383696 X 7748135 0 7748135 0 7748135 7190556 0 7190556 0 7190556 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 BASIS 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 MORELIKELY- 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 CHRISTOPHER SCAFARIO PRESIDENT / CHIEF EXECUTIVE OFFICER 271635 0 0 0 0 0 18883 0 30572 0 321090 0 0 0 ANTHONY GIRIFALCO EXECUTIVE VICE PRESIDENT 211499 0 0 0 0 0 16585 0 22979 0 251063 0 0 0 RINKU MODI CHIEF FINANCIAL OFFICER 196000 0 0 0 0 0 15680 0 35075 0 246755 0 0 0 SYLVIA WOWER VP RESEARCH & STRAT. GROWT 192223 0 0 0 0 0 14676 0 2341 0 209240 0 0 0 VIVEIENNE BAXTER SR. MANAGER, TRAINING & ORGANIZATION 146552 0 0 0 0 0 11786 0 41566 0 199904 0 0 0 ELLEN HARVILLA DIRECTOR HR; TRAINING & ED 163808 0 0 0 0 0 12933 0 22038 0 198779 0 0 0 ROBERT CROSSETT REGIONAL VP, BUSINESS DEVE 170602 0 0 0 0 0 13498 0 2395 0 186495 0 0 0 GERALD ALAN SHELL DIRECTOR, CONTINUOUS IMPROVEMENT 155207 0 0 0 0 0 11867 0 3187 0 170261 0 0 0 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 A, LINE 2 THE VICE PRESIDENT, CONSULTING & ADVANCED TECHNOLOGY RESEARCH OF THE ORGANIZATION (SYLVIA WOWER) IS MARRIED TO THE PRESIDENT/CEO (CHRISTOPHER SCAFARIO). SYLVIA WOWER IS NOT A DESIGNATED OFFICER OF DVIRC 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 1,633,188. MANAGEMENT AND GENERAL EXPENSES 163,972. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,797,160. FORM 990, PART XI, LINE 9: LOSS ON INVESTMENT IN SUBSIDIARY -8,936. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. DAEDALUS HOLDING INC & SUBSIDIARIES 4609 S BROAD STREET PHILADELPHIA PA 19112 593786026 INVESTMENT ADVISORY PA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0