Civic Intelligence

Philadelphia Shipyard Development Corporation

EIN 23-2939646 • 501(c)3 • Eagleville, PA

Profile

Psdc's primary exempt purpose is to lessen the burdens of government for two governmental organizations: commonwealth of pa (commonwealth)and city of philadelphia (city)

PO Box 586Eagleville, PA 19403

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.27x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.87x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$122,727

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 31.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

31st percentile

-3.3%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-24%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$954,566

Down $32,629 (-3.3%) from 2023

Liabilities

Down

$260,455

Down $77,243 (-23%) from 2023

Net Assets

Up

$694,111

Up $44,614 (+6.9%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin68th percentile

Revenue

Down

$298,040

Down $91,851 (-24%) from 2023

Expenses

Up

$253,426

Up $25,646 (+11%) from 2023

Net Income

Down

$44,614

Down $117,497 (-72%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $19,931,726Liabilities 2010: $16,604,502Net Assets 2010: $3,327,2242010Assets 2011: $40,234,326Liabilities 2011: $37,637,084Net Assets 2011: $2,597,2422011Assets 2012: $18,805,878Liabilities 2012: $16,607,382Net Assets 2012: $2,198,4962012Assets 2013: $17,122,793Liabilities 2013: $15,320,584Net Assets 2013: $1,802,2092013Assets 2014: $14,355,316Liabilities 2014: $12,836,257Net Assets 2014: $1,519,0592014Assets 2015: $11,480,864Liabilities 2015: $10,205,422Net Assets 2015: $1,275,4422015Assets 2016: $8,443,228Liabilities 2016: $7,409,761Net Assets 2016: $1,033,4672016Assets 2017: $792,444Liabilities 2017: $0Net Assets 2017: $792,4442017Assets 2018: $538,708Liabilities 2018: $0Net Assets 2018: $538,7082018Assets 2019: $296,302Liabilities 2019: $0Net Assets 2019: $296,3022019Assets 2020: $505,847Liabilities 2020: $260,000Net Assets 2020: $245,8472020Assets 2021: $579,104Liabilities 2021: $260,000Net Assets 2021: $319,1042021Assets 2022: $994,472Liabilities 2022: $507,086Net Assets 2022: $487,3862022Assets 2023: $987,195Liabilities 2023: $337,698Net Assets 2023: $649,4972023Assets 2024: $954,566Liabilities 2024: $260,455Net Assets 2024: $694,1112024

Highlighted filing

2024

Assets$954,566
Liabilities$260,455
Net Assets$694,111
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2010: $634,275Expenses 2010: $962,014Net Income 2010: -$327,7392010Revenue 2011: $42,956,075Expenses 2011: $43,686,057Net Income 2011: -$729,9822011Revenue 2012: $305,166Expenses 2012: $703,912Net Income 2012: -$398,7462012Revenue 2013: $4,029Expenses 2013: $400,316Net Income 2013: -$396,2872013Revenue 2014: $3,526Expenses 2014: $286,676Net Income 2014: -$283,1502014Revenue 2015: $2,959Expenses 2015: $246,572Net Income 2015: -$243,6132015Revenue 2016: $6,053Expenses 2016: $248,028Net Income 2016: -$241,9752016Revenue 2017: $7,651Expenses 2017: $248,674Net Income 2017: -$241,0232017Revenue 2018: $6,755Expenses 2018: $260,491Net Income 2018: -$253,7362018Revenue 2019: $3,380Expenses 2019: $245,786Net Income 2019: -$242,4062019Revenue 2020: $146,626Expenses 2020: $197,081Net Income 2020: -$50,4552020Revenue 2021: $265,647Expenses 2021: $192,390Net Income 2021: $73,2572021Revenue 2022: $392,103Expenses 2022: $223,821Net Income 2022: $168,2822022Revenue 2023: $389,891Expenses 2023: $227,780Net Income 2023: $162,1112023Revenue 2024: $298,040Expenses 2024: $253,426Net Income 2024: $44,6142024

Highlighted filing

2024

Revenue$298,040
Expenses$253,426
Net Income$44,614
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$954,566
Liabilities
$260,455
Net assets
$694,111
Revenue
$298,040
Expenses
$253,426
Net income
$44,614
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.95$0.26$0.69$0.30$0.25$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.34$0.65$0.39$0.23$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.51$0.49$0.39$0.22$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.26$0.32$0.27$0.19$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.26$0.25$0.15$0.20$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.00$0.25$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.01$0.26$0.25
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.01$0.25$0.24
2016Detailed filing. Detailed filing data is available for this year.$8.44$7.41$1.03$0.01$0.25$0.24
2015Summary only. Only limited summary data is available for this year.$11.5$10.2$1.28$0.00$0.25$0.24
2014Summary only. Only limited summary data is available for this year.$14.4$12.8$1.52$0.00$0.29$0.28
2013Summary only. Only limited summary data is available for this year.$17.1$15.3$1.80$0.00$0.40$0.40
2012Summary only. Only limited summary data is available for this year.$18.8$16.6$2.20$0.31$0.70$0.40
2011Summary only. Only limited summary data is available for this year.$40.2$37.6$2.60$43.0$43.7$0.73
2010Summary only. Only limited summary data is available for this year.$19.9$16.6$3.33$0.63$0.96$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 30, 2025
Return Version
2024v5.2
Gross Receipts
$298,040
Mission and Program Overview

Mission

Psdc's primary exempt purpose is to lessen the burdens of government for three governmental organizations: commonwealth of pa (commonwealth), city of philadelphia (city)and deleware river port authority

Psdcs primary exempt purpose is to lessen the burdens of government for two governmental organizations: commonwealth of pa (commonwealth)and city of philadelphia (city)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$551,294$516,093▼ $35,201
Land, Buildings, and Equipment, Net$161,425$161,425→ $0
Prepaid Expenses and Deferred Charges$14,476$17,048▲ $2,572
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Total Assets$987,195$954,566▼ $32,629
Other Assets Total$260,000$260,000→ $0
Liabilities
Other Liabilities$337,698$260,455▼ $77,243
Total Liabilities$337,698$260,455▼ $77,243
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$488,073$532,687▲ $44,614
Net Assets With Donor Restrictions$161,424$161,424→ $0
Total Net Assets Fund Balance$649,497$694,111▲ $44,614
Total Liabilities and Net Assets / Fund Balance$987,195$954,566▼ $32,629

Asset Categories

AssetBook ValueDepreciationBasis
Land$161,425-$161,425
Other Assets Org$260,000--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa M ChambersExec DirectorFT$106,000$32,136$138,136

Board Members and Trustees

NameTitle
Manuel N StamatakisChairperson
Jim SnellMember
John SalerMember
William P HankowskySecretary
Michael J AckerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$77,539
Program Service Revenue
$0
Investment Income
$19,515
Other Revenue
$200,986
All Other Contributions
$77,539
Change in Net Assets
$44,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$298,040
Revenue Not Reported on Form 990
$72,225
Total Revenue per Audited Statements
$370,265
Total Revenue per Form 990
$298,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,200
Other Expenses$123,226
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$106,000$15,900$0$121,900
Insurance$14,125$48,006$0$62,131
Fees for Services Accounting$1,344$33,841$0$35,185
Fees for Services Legal$12,706$0$0$12,706
Payroll Taxes$3,980$4,320$0$8,300
Fees for Service Investment Mgmnt Fees$6,976$0$0$6,976
Other Expenses$0$2,175$0$2,175
Office Expenses$0$1,949$0$1,949
Travel$0$591$0$591
Fees for Services Lobbying$142$0$0$142
Total Functional Expenses$145,273$108,153$0$253,426

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,426
Total Expenses per Audited Statements$253,426
Total Expenses per Form 990$253,426
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Payable$260,000
Health Insurance Payable$455
Deferred Grant$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Philadelphia Shipyard Development Corporation
EIN
23-2939646
Phone
2154652363
Address
PO BOX 586, EAGLEVILLE, PA 19403

Signing Officer

Name
Lisa Chambers
Title
Officer
Phone
2154652363
Signed
2025-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Chambers
Formed
1997
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
0

Preparer

Firm
Locke and Welsh Pc
Address
1501 LOWER STATE ROAD SUITE 302, NORTH WALES, PA 19454
Preparer
Gregory a Locke
Phone
2158228141
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

“Compensation process for top official-Artical III of the corporate by-laws requires board approval for all compensation, including fringe benefits, paid to all officers.”

Pt VI, Line 15B

“Compensation of key employees-During the 2023 filing year, there was one key employee at the organization and Article III of the corporate by-laws requires Board approval of compensation for all key employees.”

Pt VI, Line 19

“Governing Documents Disclosure Explanation- The corporations governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Pt VI, Line 11B

“The Audit Committee of the Board of Directors meets with the corporations auditors to review the corporations audited financial statement before it is furnished to The Board of Directors for its review. The Executive Director, with the assistance of the corporations counsel, reviews the Form 990, which is based on the audit, checking its entries against the data in the audited financial statement,and also checking the accuracy of the responses to questions regarding corporate policies and procedures. The Form 990 is given to the Audit Committee to review. The reviewed copies are given to the other two members prior to submittal.”

Pt VI, Line 12C

“Conflict of interest policy- The corporations board of directors meets on a quarterly basis to review all company policies.”

Pt VI, Line 7A

“The Corporations bylaws provide for the appointing of up to five directors as follows: three by the Governor of Pennsylvania, one by the Mayor of Philadelphia, and one by the Board of Directors.”

Financial Statement Notes

Pt XI, Line 2D

“During 2022 the organization adopted gasb accounting standards update 87, leases which changed the accounting for leases. This change does not affect the tax reporting.”

Raw XML AppendixShowing 400 of 433 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0PSDC SUCCESSFULLY OVERSAW THE CONSTRUCTION OF A STATE OF THE ART SHIPBUILDING FACILITY IN THE FORMER PHILADELPHIA NAVAL SHIPYARD THAT IS NOW PRODUCING COMMERCIAL VESSELS AT FULL CAPACITY AS WELL AS WORKING ON GOVERNMENT SHIPS. IT WAS ALSO INVOLVED IN THE PROCESS OF HIRING AND TRAINING SHIPYARD WORKERS, THROUGH ITS ADMINISTRATION OF PUBLIC FUNDS USED FOR THOSE PURPOSES. MORE THAN 1402 JOBS AT THE REVITALIZED SHIPYARD WERE CREATED THROUGH THESE EFFORTS. PSDC LESSENS THE BURDEN OF GOVERNMENT BY REPRESENTING THE INTERESTS OF GOVERNMENTAL ENTITIES IN CONNECTION WITH TRANSACTIONS THAT CONTRIBUTE TO THE RETENTION OF SHIPBUILDING JOBS IN THE PHILADELPHIA REGION.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0488073
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0532687
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01949
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01949
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0260000
IRS990/OtherAssetsTotalGrp/EOYAmt0260000
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1TELEPHONE SERVICES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3INTERNET
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1844
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2527
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32175
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt00
IRS990/OtherExpensesGrp/TotalAmt1844
IRS990/OtherExpensesGrp/TotalAmt2527
IRS990/OtherExpensesGrp/TotalAmt32175
IRS990/OtherLiabilitiesGrp/BOYAmt0337698
IRS990/OtherLiabilitiesGrp/EOYAmt0260455
IRS990/OtherRevenueTotalAmt0986
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04320
IRS990/PayrollTaxesGrp/ProgramServicesAmt03980
IRS990/PayrollTaxesGrp/TotalAmt08300
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014476
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017048
IRS990/PrincipalOfficerNm0LISA CHAMBERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0169388
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt020326
IRS990/PYOtherExpensesAmt0101322
IRS990/PYOtherRevenueAmt0200177
IRS990/PYRevenuesLessExpensesAmt0162111
IRS990/PYSalariesCompEmpBnftPaidAmt0126458
IRS990/PYTotalExpensesAmt0227780
IRS990/PYTotalRevenueAmt0389891
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt044614
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0200000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0236003112
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1236003047
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd16
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COMMONWEALTH OF PENNSYLVANIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1CITY OF PHILADELPHIA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/DirectContactLegislatorsInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/OtherActivitiesAmt0142
IRS990ScheduleC/OtherActivitiesInd0true
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RETAINS A WASHINGTON BASED PROFESSIONAL TO MONITOR LEGISLATION AND ISSUES RELATING TO THE SHIPBUILDING INDUSTRY.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt II-B Line 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt0142
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0253426
IRS990ScheduleD/LandGrp/BookValueAmt0161425
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0161425
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0260000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0260000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1455
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HEALTH INSURANCE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED GRANT
IRS990ScheduleD/OtherRevenueAmt072225
IRS990ScheduleD/RevenueNotReportedAmt072225
IRS990ScheduleD/RevenueSubtotalAmt0298040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DURING 2022 THE ORGANIZATION ADOPTED GASB ACCOUNTING STANDARDS UPDATE 87, LEASES WHICH CHANGED THE ACCOUNTING FOR LEASES. THIS CHANGE DOES NOT AFFECT THE TAX REPORTING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0161425
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0260000
IRS990ScheduleD/TotalExpensesPerForm990Amt0253426
IRS990ScheduleD/TotalLiabilityAmt0260455
IRS990ScheduleD/TotalRevenuePerForm990Amt0298040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0370265
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0253426
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Compensation process for top official-Artical III of the corporate by-laws requires board approval for all compensation, including fringe benefits, paid to all officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation of key employees-During the 2023 filing year, there was one key employee at the organization and Article III of the corporate by-laws requires Board approval of compensation for all key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation- The corporations governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Audit Committee of the Board of Directors meets with the corporations auditors to review the corporations audited financial statement before it is furnished to The Board of Directors for its review. The Executive Director, with the assistance of the corporations counsel, reviews the Form 990, which is based on the audit, checking its entries against the data in the audited financial statement,and also checking the accuracy of the responses to questions regarding corporate policies and procedures. The Form 990 is given to the Audit Committee to review. The reviewed copies are given to the other two members prior to submittal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conflict of interest policy- The corporations board of directors meets on a quarterly basis to review all company policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Corporations bylaws provide for the appointing of up to five directors as follows: three by the Governor of Pennsylvania, one by the Mayor of Philadelphia, and one by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 7a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0987195
IRS990/TotalAssetsEOYAmt0954566
IRS990/TotalAssetsGrp/BOYAmt0987195
IRS990/TotalAssetsGrp/EOYAmt0954566
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077539
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0108153
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145273
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253426
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0337698
IRS990/TotalLiabilitiesEOYAmt0260455
IRS990/TotalLiabilitiesGrp/BOYAmt0337698
IRS990/TotalLiabilitiesGrp/EOYAmt0260455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0649497
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0694111
IRS990/TotalOtherCompensationAmt032136
IRS990/TotalProgramServiceExpensesAmt0145273
IRS990/TotalReportableCompFromOrgAmt0106000
IRS990/TotalRevenueGrp/ExclusionAmt020501
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0298040
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0987195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0954566
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0591
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt0591
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 586
IRS990/USAddress/CityNm0Eagleville
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019403

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