Nonprofit · EIN 23-2690558
SCHUYLKILL RIVER DEVELOPMENT CORPORATION
Tax-exempt · PHILADELPHIA, PA 19103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,015,035 | $1,672,260 | $342,775 | $10,506,264 | $613,425 | $9,892,839 |
| June 30, 2024 | 990 | $2,082,403 | $1,705,111 | $377,292 | $10,174,623 | $792,383 | $9,382,240 |
| June 30, 2023 | 990 | $2,338,721 | $3,069,841 | -$731,120 | $9,714,516 | $854,538 | $8,859,978 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,707,947
- of which government grants
- $1,055,808
- Program service revenue
- $6,677
- Investment income
- $300,411
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $265,007
- Other salaries and wages
- $301,951
- Salaries, compensation and benefits (total)
- $678,444
- Professional fundraising fees
- $0
- Legal fees
- $397
- Accounting fees
- $17,350
- Occupancy
- $100,975
- Depreciation
- $16,277
- Program services (functional)
- $1,190,421
- Management and general (functional)
- $268,188
- Fundraising (functional)
- $213,651
Balance sheet and other
- Total assets, start of year
- $10,174,623
- Total assets, end of year
- $10,506,264
- Total liabilities, end of year
- $613,425
- Net assets, end of year
- $9,892,839
- Land, buildings and equipment
- $46,609
- Publicly traded securities
- $2,515,619
- Net assets without donor restrictions
- $6,311,883
- Net assets with donor restrictions
- $3,580,956
- Gross receipts
- $2,015,035
- Employees
- 5
- Volunteers
- 916
- Year formed
- 1992
- 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 R SYRNICK | PRESIDENT/CEO Officer | 52 | $230,000 | $33,485 |
| BLAISE SYRNYCK | OPERATIONS MANAGER Highest-paid employee | 40 | $107,500 | $20,580 |
| HEATHER SAEGER | COO Highest-paid employee | 40 | $102,500 | $16,086 |
| GERARD H SWEENEY | CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| BRIAN KEECH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANNE PAPAGEORGE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARC J ARMSTRONG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KATHY CACCIOLA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL CARROLL PE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PAMELA CLARK | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SCOTT COOPER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID K CUFF | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PASQUALE T DEON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KAREN FEGELY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JENNIFER HANNA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEOLA HARRINGTON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JODIE HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 |
| EDWARD HAZZOURI ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KENNETH E LAWRENCE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| AMIE LEOPOLD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOSEPH MCGINN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN MONDLAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DONALD MOORE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| ROBERT NIX III ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| RODNEY J OGLESBY | BOARD MEMBER Trustee or director | 0.5 | $0 |
| AREN PLATT | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SUSAN SLAWSON | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KAREN SMITH | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN WESTRUM | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH R SYRNICK | PRESIDENT/CEO Officer | 52 | $230,000 | $42,651 |
| BLAISE SYRNYCK | OPERATIONS MANAGER Highest-paid employee | 40 | $101,563 | $26,210 |
| HEATHER SAEGER | COO Highest-paid employee | 40 | $85,625 | $15,821 |
| GERARD H SWEENEY | CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| BRIAN KEECH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANNE PAPAGEORGE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARC J ARMSTRONG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL CARROLL PE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SCOTT COOPER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID CUFF | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PASQUALE T DEON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JENNIFER HANNA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EDWARD HAZZOURI ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KENNETH E LAWRENCE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOSEPH MCGINN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ROBERT NIX III ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RODNEY J OGLESBY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KATHRYN OTT LOVELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| REBECCA RHYNHART | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN WESTRUM | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Kathy Cacciola | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Pamela Clark | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Ken Gedaka | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Keola Harrington | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Jodie Harris | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Alba Martinez | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Donald Moore | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| Karen Smith | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOSEPH R SYRNICK | PRESIDENT/CEO Officer | 52 | $227,101 | $34,031 |
| GERARD H SWEENEY | CHAIRMAN Trustee or director, Officer | 1.5 | $0 | $0 |
| BRIAN KEECH | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANNE PAPAGEORGE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MARC J ARMSTRONG | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MADELINE BELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JACLYN BLISS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MICHAEL CARROLL PE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SCOTT COOPER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID CUFF | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| PASQUALE T DEON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANNE FADULLON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JENNIFER HANNA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EDWARD HAZZOURI ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KENNETH E LAWRENCE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| M ELIZABETH MAGILL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOSEPH MCGINN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHRISTIN MCMELEY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ANNE NADOL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ROBERT NIX III ESQ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RODNEY J OGLESBY | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| KATHRYN OTT LOVELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| REBECCA RHYNHART | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JASMINE E SESSOMS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN WESTRUM | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2401 WALNUT ST STE 603, PHILADELPHIA, PA 19103-4222
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- HEATHER SAEGER, 2401 WALNUT STREET603, PHILADELPHIA, PA 19103
- Signed the 990
- HEATHER SAEGER, Interim Pres/CEO
- Phone
- (215) 309-5523
- Website
- WWW.SCHUYLKILLBANKS.ORG
- Return prepared by
- WITHUMSMITHBROWN PC
Mission
SRDC IS REVITALIZING PHILADELPHIA'S TIDAL SCHUYLKILL RIVER CORRIDOR INTO AN ASSET THAT CONNECTS NEIGHBORHOODS AND ENCOURAGES INVESTMENT. WORKING WITH THE CITY AND STAKEHOLDERS TO BUILD, MAINTAIN, AND PROGRAM SCHUYLKILL BANKS, SRDC DRIVES IMPROVEMENTS IN RECREATION AND TRANSPORTATION, COMMUNITY AND ECONOMIC DEVELOPMENT, PUBLIC HEALTH, AND ENVIRONMENTAL STEWARDSHIP, BENEFITING NEIGHBORS, PHILADELPHIA AND THE REGION.
Program accomplishments
- CAPITAL PROJECTS - GOAL IS TO PROMOTE AND ASSIST IN THE CREATION OF A PUBLIC PARK, TRAIL AND GREENWAY ALONG THE BANKS OF THE TIDAL SCHUYLKILL RIVER IN THE CITY OF PHILADELPHIA.Expenses $1,102,400
- MAINTENANCE PROGRAM - SRDC HAS AN AGREEMENT WITH PHILADELPHIA PARKS AND RECREATION TO SHARE CERTAIN MAINTENANCE RESPONSIBILITY FOR SCHUYLKILL BANKS. THIS PUBLIC-PRIVATE PARTNERSHIP LESSENS THE BURDEN ON GOVERNMENT AND INCREASES THE LEVEL OF UPKEEP ON SCHUYLKILL BANKS. THIS IN TURN MAKES THE SITE MORE ATTRACTIVE AND VALUABLE FROM A QUALITY OF LIFE STANDPOINT. MUCH OF THE WORK IS DONE BY VOLUNTEERS ESPECIALLY DURING THE SUMMER SEASON.Expenses $57,290
- COMMUNITY PROGRAMMING - ANOTHER SRDC GOAL IS TO ENLIVEN SCHUYLKILL BANKS AND STRENGTHEN NEIGHBORHOOD CONNECTIONS BY CREATING ATTRACTIONS AND DESTINATIONS ALONG THE TRAIL AND GREENWAY. THIS IS DONE PARTIALLY THROUGH PUBLIC PROGRAMMING, SUCH AS OUTDOOR MOVIES, RIVER TOURS AND OTHER SPECIAL EVENTS. THESE ACTIVITIES CREATE A DESIRE TO BE ON THE BANKS AND TO ENJOY THE AMENITIES PROVIDED.Expenses $30,731 · revenue $6,677
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
- 23-2690558
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $10,506,264
- Income (IRS master file)
- $2,015,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,015,035 | $1,672,260 | $10,506,264 | XML |
| 990 | June 2024 | $2,082,403 | $1,705,111 | $10,174,623 | XML |
| 990 | June 2023 | $2,338,721 | $3,069,841 | $9,714,516 | XML |
| 990 | June 2022 | $2,826,046 | $2,606,789 | $9,834,379 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SCHUYLKILL RIVER DEVELOPMENT CORPORATION
- What is the EIN of SCHUYLKILL RIVER DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of SCHUYLKILL RIVER DEVELOPMENT CORPORATION is 23-2690558.
- Is SCHUYLKILL RIVER DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to SCHUYLKILL RIVER DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHUYLKILL RIVER DEVELOPMENT 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 SCHUYLKILL RIVER DEVELOPMENT 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 SCHUYLKILL RIVER DEVELOPMENT 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 SCHUYLKILL RIVER DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names HEATHER SAEGER.
- Who are the officers and directors of SCHUYLKILL RIVER DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 29 people; 3 received compensation from the organization, the highest $230,000 (JOSEPH R SYRNICK, PRESIDENT/CEO).
- How much revenue does SCHUYLKILL RIVER DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,015,035, expenses of $1,672,260 and total assets of $10,506,264 at year end.
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