2020-07-08T10:14:51-05:00 2019-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2018-07-01 232531413 DELAWARE VALLEY INDUSTRIAL RESOURCE CENTER DELA 2154648550 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 VERONICA ABDUS-SABOOR CFO 2154648550 2020-07-06 1 CHRISTOPHER M PEKULA P00734965 2154414600 64.55.30.226 2020-07-06 12:05:20 ED P 41751D55C13ADD5C61F7A5404F8B933FBF8D3200 60B7608B6CF6CB43764D72B07CF9D482B87BBAD7 2018 2021-01-29 14:40:06Z JOSEPH HOULDIN 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 7650003 0 X WWW.DVIRC.ORG X 1988 PA SEE SCHEDULE O 12 12 35 12 0 0 3991332 4289597 3013879 3181120 0 0 208744 179286 7213955 7650003 0 0 0 0 3819529 4635629 0 0 0 3213660 3373994 7033189 8009623 180766 -359620 2461131 2984000 1202038 2116864 1259093 867136 X SEE SCHEDULE O 0 0 5666913 3181120 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. 5666913 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 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 78 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X X VERONICA ABDUS-SABOOR 2154648550 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 191541270 BERNADINE HAWES BOARD CHAIR 1.00 X 0 0 0 ANTHONY SCHWEIGER SECRETARY, GOVERNANCE CHAI 1.00 X 0 0 0 JAMES VISNIC FINANCE CHAIR 1.00 X 0 0 0 GREG SELKE BOARD DIRECTOR 1.00 X 0 0 0 ROBERT YABLUNSKY BOARD DIRECTOR 1.00 X 0 0 0 ROBERT ROSANIA COMPENSATION CHAIR 1.00 X 0 0 0 JIM WILLIAMS ADV. MFG. TECHNOLOGY CHAIR 1.00 X 0 0 0 MAUREEN O'CONNOR BOARD DIRECTOR 1.00 X 0 0 0 KIP ANTHONY BOARD DIRECTOR 1.00 X 0 0 0 NICK HACKETT BOARD DIRECTOR 1.00 X 0 0 0 BEN PERSOFSKY BOARD DIRECTOR 1.00 X 0 0 0 SCOTT LEONARD BOARD CHAIR 1.00 X 0 0 0 JOSEPH HOULDIN FOUNDER 37.50 X 241054 0 37918 BARRY MILLER PRESIDENT & CEO 37.50 X 232163 0 38527 MARK BASLA SR. VICE PRESIDENT, CMO 37.50 X 145713 0 40975 VERONICA ABDUS-SABOOR CFO & TREASURER 37.50 X 155494 0 23206 KATHLEEN ENRIGHT ASSISTANT SECRETARY 37.50 X 87890 0 10279 ANTHONY GIRIFALCO SENIOR VP 37.50 X 167132 0 33744 JEFFREY KOPENITZ DIRECTOR OF ADV. MFG. & TR 37.50 X 172561 0 19459 DONALD SMULLEN BUSINESS SOLUTION ADVISOR 37.50 X 106917 0 30829 HARRY LANDSBURG DIRECTOR OF BUS. PROCESS T 37.50 X 118392 0 29498 SYLVIA WOWER DIRECTOR OF MARKET & ECON. 37.50 X 118103 0 11509 CHRISTOPHER SCAFARIO VP OF CONSULTING OPERATION 37.50 X 119454 0 38606 JEFFREY GOSSNER VP, BUSINESS DEVELOPMENT 37.50 X 115545 0 23141 1780418 0 337691 11 0 1 0 SMALL BUSINESS DESIGN CENTER 2424 EAST YORK ROAD SUITE 310 PHILADELPHIA PA 19125 GRAPHIC DESIGN & MARKET DEVELOPMENT SERV 330411 CENTER OF EFFORT LLC 307 ROSEWOOD LANE WALLINGFORD PA 19086 AMT SERVICES 170787 APEX IT GROUP 525 FELLOWSHIP ROAD SUITE 300 MOUNT LAUREL NJ 08054 IT MANAGEMENT SERVICES 156112 SECONDMUSE PO BOX 582 BERNALILLO NM 87004 AMT SERVICES 154500 JAMES R MCGEE XSTREAM LEADERSHIP GROUP 1248 QUEE POTTSTOWN PA 19464 LEAN ENTERPRISE SERVICES 107874 5 4076779 212818 4289597 CONSULTING 541610 3181120 3181120 3181120 64117 0 64117 64117 64117 CASH SURRENDER VALUE 900099 115169 115169 115169 7650003 3181120 0 179286 X 1029446 468251 561195 2678795 1553269 1125526 184649 64472 120177 742739 539110 203629 4705 4705 36354 36354 13511 13511 2390238 2390238 73588 47832 25756 147383 95799 51584 89495 58172 31323 147557 89648 57909 10328 6445 3883 36980 24037 12943 79891 51929 27962 67195 43677 23518 COMMUNICATIONS 151462 151462 REPAIRS AND MAINTENANCE 75246 48910 26336 MISCELLANEOUS EXPENSES 32158 22025 10133 TRAINING 17903 11637 6266 8009623 5666913 2342710 0 84463 56168 411651 834858 608016 605663 999545 1083915 2619368 2334289 288556 285079 50000 50000 18900 68317 2461131 2984000 565237 1367246 636801 749618 1202038 2116864 X 1259093 867136 1259093 867136 2461131 2984000 X -359620 -32337 X X 0 1 X 1 1 1 X 3585110 3177186 2694815 3991332 4289597 17738040 3585110 3177186 2694815 3991332 4289597 17738040 17738040 64116 64116 64116 64116 64117 320581 12862 43908 88986 144628 115169 405553 18464174 14737142 0.96070 0.95790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 13511 0 0 13511 0 150000 150000 1747806 1652198 95608 13798 13043 755 309558 292625 16933 398206 376423 21783 285079 REFUNDABLE ADVANCES 130785 SECURITY DEPOSIT PAYABLE 3833 LINE OF CREDIT 615000 749618 X 7650003 0 7650003 0 7650003 8009623 0 8009623 0 8009623 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 FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (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 BASES 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 MORE-LIKELY-THAN-NOT THAT A PORTION OR ALL OF A DEFERRED TAX ASSET WILL NOT BE REALIZED. DVIRC FILES THE FEDERAL FORM 990 AND 990T. 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 JOSEPH HOULDIN FOUNDER 241054 0 0 0 0 0 16000 0 21918 0 278972 0 0 0 BARRY MILLER PRESIDENT & CEO 232163 0 0 0 0 0 17611 0 20916 0 270690 0 0 0 MARK BASLA SR. VICE PRESIDENT, CMO 145713 0 0 0 0 0 12240 0 28735 0 186688 0 0 0 VERONICA ABDUS-SABOOR CFO & TREASURER 155494 0 0 0 0 0 12880 0 10326 0 178700 0 0 0 ANTHONY GIRIFALCO SENIOR VP 167132 0 0 0 0 0 13021 0 20723 0 200876 0 0 0 JEFFREY KOPENITZ DIRECTOR OF ADV. MFG. & TR 172561 0 0 0 0 0 7229 0 12230 0 192020 0 0 0 CHRISTOPHER SCAFARIO VP OF CONSULTING OPERATION 119454 0 0 0 0 0 10316 0 28290 0 158060 0 0 0 PART I, LINE 4B JOSEPH HOULDIN - SERP PLAN BARRY MILLER - SERP PLAN 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, TRAINING AND EDUCATION AND NETWORKING. WE BELIEVE GROWING BUSINESS VALUE IMPROVES THE STANDARD OF LIVING AND QUALITY OF LIFE FOR THOSE WHO LIVE AND OR WORK IN THE REGION. IT IS DVIRC'S VISION TO SEE OUR REGION BECOME AN INTERNATIONALLY RECOGNIZED LEADER IN MANUFACTURING COMPETITIVENESS. FORM 990, PART VI, SECTION A, LINE 1 DVIRC HAS FOUR STANDING COMMITTEES WHICH HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY: GOVERNANCE COMMITTEE MADE UP OF 4 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 6 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 5 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 B, LINE 11B FORM 990 IS REVIEWED BY EXECUTIVE MANAGEMENT, THE BOARD CHAIR AND CHAIR OF THE GOVERNANCE COMMITTEE BEFORE IT IS FILED AND REVIEWED WITH THE BOARD OF DIRECTORS AFTER IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, CONFLICTS OF INTEREST FORMS ARE REVIEWED AND ARE SIGNED 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 2,390,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,390,238. FORM 990, PART XI, LINE 9: FORGIVENESS OF RELATED PARTY DEBT -32,337. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. DAEDALUS HOLDING INC & SUBSIDIARIES 2905 SOUTHAMPTON ROAD PHILADELPHIA PA 19154 593786026 INVESTMENT ADVISORY PA N/A C 136064 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DAEDALUS HOLDING INC & SUBSIDIARIES D 95000 AMOUNT OF LOAN