Nonprofit · EIN 23-1734559
DELAWARE RIVER WATERFRONT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $18,405,215 | $19,672,259 | -$1,267,044 | $94,849,179 | $83,787,538 | $11,061,641 |
| June 30, 2024 | 990 | $17,491,111 | $17,797,878 | -$306,767 | $60,538,833 | $48,821,610 | $11,717,223 |
| June 30, 2023 | 990 | $18,515,350 | $17,445,036 | $1,070,314 | $52,801,701 | $43,666,370 | $9,135,331 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,279,879
- of which government grants
- $6,279,879
- Program service revenue
- $10,424,393
- Investment income
- $764,396
- Other revenue
- $936,547
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $814,985
- Other salaries and wages
- $4,484,876
- Salaries, compensation and benefits (total)
- $7,738,879
- Professional fundraising fees
- $0
- Legal fees
- $236,370
- Accounting fees
- $190,288
- Occupancy
- $913,958
- Travel
- $15,251
- Depreciation
- $371,935
- Program services (functional)
- $16,779,421
- Management and general (functional)
- $2,469,898
- Fundraising (functional)
- $422,940
Balance sheet and other
- Total assets, start of year
- $60,538,833
- Total assets, end of year
- $94,849,179
- Total liabilities, end of year
- $83,787,538
- Net assets, end of year
- $11,061,641
- Land, buildings and equipment
- $14,125,690
- Publicly traded securities
- $15,084,724
- Net assets without donor restrictions
- $11,061,641
- Gross receipts
- $18,405,215
- Employees
- 304
- Volunteers
- 16
- Year formed
- 1970
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH FORKIN | PRESIDENT Officer | 40 | $310,426 | $63,528 |
| JODIE MILKMAN | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $189,821 | $52,821 |
| LARRY BELL | CHIEF FINANCIAL OFFICER Officer | 40 | $162,977 | $25,233 |
| LAVELLE YOUNG | VICE PRESIDENT-OPERATIONS Highest-paid employee | 40 | $131,231 | $24,690 |
| ELIZABETH WOODS | VICE PRESIDENT - OPERATIONS Highest-paid employee | 40 | $125,820 | $23,789 |
| JAY R GOLDSTEIN | BOARD CHAIRMAN/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| OBRA KERNODLE IV | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BILL HANKOWSKY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MIKE DIBERARDINIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE DALTO WOOSNAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVI EDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MONDLAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL HANKOWSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HAUPTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA VAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARILYN JORDAN TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| MATT RUBEN | DIRECTOR Trustee or director | 1 | $0 |
| DONN SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| BILL WILSON | DIRECTOR Trustee or director | 1 | $0 |
| ELLEN YIN | DIRECTOR Trustee or director | 1 | $0 |
| MARIO ZACHARJASZ | DIRECTOR Trustee or director | 1 | $0 |
| KAREN FEGELY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH FORKIN | PRESIDENT Officer | 40 | $276,424 | $60,425 |
| JODIE MILKMAN | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $189,968 | $55,889 |
| LARRY BELL | CHIEF FINANCIAL OFFICER Officer | 40 | $159,000 | $24,680 |
| ELIZABETH WOODS | VICE PRESIDENT, OPERATIONS Highest-paid employee | 40 | $127,408 | $23,138 |
| LAVELLE YOUNG | VICE PRESIDENT, OPERATIONS Highest-paid employee | 40 | $120,506 | $23,244 |
| JAY R GOLDSTEIN | BOARD CHAIRMAN/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| OBRA KERNODLE IV | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BILL HANKOWSKY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANE DALTO WOOSNAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL DIBERARDINIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVI D EDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HAUPTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARILYN JORDAN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALBA MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MONDLAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT RUBEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONN G SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA VAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN YIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO ZACHARJASZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH FORKIN | PRESIDENT Officer | 40 | $244,849 | $37,925 |
| JODIE MILKMAN | EXECUTIVE VICE PRESIDENT Officer | 40 | $188,198 | $52,090 |
| LARRY BELL | CHIEF FINANCIAL OFFICER Officer | 40 | $160,046 | $21,500 |
| LAVELLE YOUNG | VICE PRESIDENT, OPERATIONS Officer | 40 | $129,096 | $20,834 |
| ELIZABETH WOODS | VICE PRESIDENT, OPERATIONS Officer | 40 | $122,679 | $20,590 |
| ALAN P HOFFMANN | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAY R GOLDSTEIN | BOARD VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DIANE DALTO WOOSNAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL DIBERARDINIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVI D EDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE FADULLON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL HANKOWSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL HAUPTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARILYN JORDAN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OBRA KERNODLE IV | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE K NADOL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT RUBEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DONN G SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLEN YIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIO ZACHARJASZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 121 N COLUMBUS BLVD, PHILADELPHIA, PA 19106-1403
- In care of
- % LARRY BELL
- Principal officer (990 for 2024)
- LARRY BELL, 121 N COLUMBUS BOULEVARD, PHILADELPHIA, PA 19106
- Signed the 990
- LARRY BELL, CFO
- Phone
- (215) 629-3200
- Return prepared by
- HORSEY BUCKNER & HEFFLER LLP
Mission
DRWC'S MISSION IS TO MAINTAIN AND PROMOTE THE USE AND DEVELOPMENT OF THE CITY OF PHILADELPHIA'S WATERFRONT. THIS TASK IS OF VITAL IMPORTANCE TO THE CITY AND ONE WHICH THE CITY WOULD OTHERWISE BE RQUIRED TO PERFORM ABSENT THE DRWC.
Program accomplishments
- DRWC IS DEDICATED TO THE PLANNING, DESIGN, DEVELOPMENT AND MANAGEMENT OF THE CENTRAL DELAWARE RIVER WATERFRONT IN PHILADELPHIA, DEFINED AS THE SIX-MILE STRETCH OF THE CENTRAL DELAWARE, WHICH IS THE AREA DEFINED BY ORGON AVENUE IN THE SOUTH OF ALLEGHENY AVENUE IN THE NORTH AND FROM I-95 TO THE DELAWARE RIVER. THE GOAL OF DRWC IS TO EFFECTUATE OVER TIME THE TRANSFORMATION OF THE CENTRAL DELAWARE RIVER WATERFRONT INTO A VIBRANT DESTINATION LOCATION FOR THE RECREATIONAL, CULTURAL, PORT/INDUSTRIAL AND COMMERCIAL ACTIVITIES OF PHILADELPHIA'S RESIDENTS, WORKERS AND VISITORS.Expenses $10,906,624
- DRWC REMAINS STEADFAST IN ITS COMMITMENT TO FREE PUBLIC PROGRAMING ON THE WATERFRONT AT PENN'S LANDING. ALL EVENTS PRODUCED BY DRWC ARE FREE TO THE PUBLIC. THE RIVER STAGE HOSTED A VARIETY OF NATIONAL ARTISTS IN THE ROCK, JAZZ, GOSPEL AND CLASSICAL GENRES AND ALSO WAS ABLE TO ACCOMMODATE THE FULL PHILADELPHIA ORCHESTRA. PENN'S LANDING CONTINUES TO SERVE AS A FEATURED LOCATION FOR THE CITY'S INDEPENDENCE DAY CELEBRATION, HOSTING HIGH PROFILE WATERFRONT CONCERT WITH FIREWORKS. THE SUMMER PROGRAM SEASON INCLUDED DIFFERENT MULTICULTURAL SERIES CELEBRATING THE RICH DIVERSITY OF THE GREATER PHILADELPHIA REGION, MARQUEE CONCERTS FEATURING FAMILY ENTERTAINMENT, THE SOUNDS OF R&B AND JAZZ.Expenses $1,677,942
- DRWC ENGAGES IN A VARIETY OF ACTIVITIES IN SUPPORT OF ITS MISSION, ON BEHALF OF THE CITY, OF MAINTAINING AND PROMOTING THE USE AND DEVELOPMENT OF CITY'S CENTRAL WATERFRONT, WHICH INCLUDES "BLUE ROSS RIVER RINK" AT PENN'S LANDING. IT IS A STANDARD OLYMPIC REGULATIONS SIZE ICE RINK, DURING THE WINTER AND TURNED INTO A ROLLER-SKATING RINK IN THE SUMMER, OPEN TO THE PUBLIC AS A RECREATIONAL AND EDUCATIONAL ARENA. SLED SKATING LESSONS ARE AVAILABLE FOR DISABLED CHILDREN. THE RINK IS OPERATION OF THESE SKATING RINKS RELIEVES THE CITY OF FROM HAVING TO OPERATE THE PUBLIC ARENA, WHICH IT WOULD OTHERWISE DO THE GENERAL WELFARE OF ITS CITIZENS, INCLUDING THE MULTITUDE OF YOUNGER PEOPLE UTILIZING THIS FACILITY.Expenses $4,194,855
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-1734559
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $94,849,179
- Income (IRS master file)
- $18,405,215
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $18,405,215 | $19,672,259 | $94,849,179 | IRS |
| 990 | June 2024 | $17,491,111 | $17,797,878 | $60,538,833 | XML |
| 990 | June 2023 | $18,515,350 | $17,445,036 | $52,801,701 | XML |
| 990 | June 2022 | $19,823,036 | $17,856,655 | $138,544,770 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-1734559).
Questions about DELAWARE RIVER WATERFRONT CORPORATION
- What is the EIN of DELAWARE RIVER WATERFRONT CORPORATION?
- The employer identification number (EIN) of DELAWARE RIVER WATERFRONT CORPORATION is 23-1734559.
- Is DELAWARE RIVER WATERFRONT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to DELAWARE RIVER WATERFRONT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE RIVER WATERFRONT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DELAWARE RIVER WATERFRONT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE RIVER WATERFRONT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DELAWARE RIVER WATERFRONT CORPORATION?
- The 990 for the year ended June 30, 2025 names LARRY BELL.
- Who are the officers and directors of DELAWARE RIVER WATERFRONT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 5 received compensation from the organization, the highest $310,426 (JOSEPH FORKIN, PRESIDENT).
- How much revenue does DELAWARE RIVER WATERFRONT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $18,405,215, expenses of $19,672,259 and total assets of $94,849,179 at year end.
Other nonprofits in PHILADELPHIA
- REINVESTMENT FUND INC EIN 23-2331946 · last filed 990 for 2024
- PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP EIN 23-6050858 · last filed 990 for 2024
- PIDC COMMUNITY CAPITAL EIN 23-2889102 · last filed 990 for 2024
- PHILADELPHIA CITY FUND INC EIN 23-2174863 · last filed 990 for 2025
- GREATER PHILADELPHIA TOURISM MARKETING CORPORATION EIN 23-2847538 · last filed 990 for 2025
- PENNSYLVANIA MICROENTERPRISE COALITION EIN 23-2920364 · last filed 990 for 2025
- BEN FRANKLIN TECHNOLOGY CENTER OF SOUTHEASTERN PENNSYLVANIA EIN 23-2527210 · last filed 990 for 2025
- PHILADELPHIA VISITOR CENTER CORPORATION EIN 23-2952488 · last filed 990 for 2025
All nonprofits in PHILADELPHIA · Pennsylvania · Community improvement and capacity building