WORLD TRADE CENTER OF GREATER PHILADELPHIA

EIN: 810582843 501(c)(3) International Affairs

PHILADELPHIA, PA

Total Revenue
$936,921
Total Expenses
$1,217,968
Total Assets
$686,680
Net Assets
$-245,646
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
THOMAS YOUNG
Phone
2155864240
Tax Period
2023-01-01 to 2023-12-31

WORLD TRADE CENTER OF GREATER PHILADELPHIA, founded in 2001, is a small nonprofit in the International Affairs sector that reported $937K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 30% operating deficit.

Mission

WORLD TRADE CENTER OF GREATER PHILADELPHIA (WTCGP) IS THE REGION'S LEADING NON-PROFIT INTERNATIONAL TRADE SERVICES ORGANIZATION. THE WTCGP'S MISSION IS TO BRING GROWTH AND PROSPERITY TO BUSINESSES, COMMUNITIES, AND NEIGHBORHOODS (CONTINUED ON SCHEDULE O)IN GREATER PHILADELPHIA AND WORLDWIDE THROUGH GLOBAL TRADE AND INVESTMENT. THE WTCGP BELONGS TO THE WORLD TRADE CENTERS ASSOCIATION OF OVER 300 WORLD TRADE CENTERS IN NEARLY 100 COUNTRIES AND SERVES AS THE COMMONWEALTH OF PENNSYLVANIA'S APPOINTED REGIONAL EXPORT NETWORK REPRESENTATIVE FOR SOUTHEASTERN PENNSYLVANIA. SINCE 2001, WHEN THE WTCGP WAS ESTABLISHED, THE ORGANIZATION HAS HELPED COMPANIES GENERATE IN TOTAL OVER $2.3B IN INCREMENTAL EXPORT SALES, SUPPORTING OVER 29,000 JOBS IN THE GREATER PHILADELPHIA REGION.

Program Service Accomplishments

Program 1
Expenses: $529,046 Revenue: $11,350

THE WTCGP HELPS COMPANIES SEEKING TO EXPAND GLOBALLY AND INTERNATIONAL COMPANIES INTERESTED IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTS COMPANIES, LARGELY SMALL AND...

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THE WTCGP HELPS COMPANIES SEEKING TO EXPAND GLOBALLY AND INTERNATIONAL COMPANIES INTERESTED IN DOING BUSINESS IN THE GREATER PHILADELPHIA REGION. THE WTCGP ASSISTS COMPANIES, LARGELY SMALL AND MEDIUM-SIZED EXPORTING BUSINESSES, IN THE FIVE COUNTIES OF SOUTHEASTERN PENNSYLVANIA AND EIGHT COUNTIES OF SOUTHERN NEW JERSEY BY PROVIDING INDIVIDUAL TRADE COUNSELING, MARKET RESEARCH, TRADE MISSION SUPPORT, EDUCATIONAL PROGRAMS, BUSINESS NETWORKING EVENTS, AND ACCESS TO POWERFUL WORLDWIDE CONNECTIONS TO CUSTOMERS AND PARTNERS WORLDWIDE. THE WTCGP IS A CRITICAL CATALYST FOR ECONOMIC GROWTH AND JOB CREATION FOR GREATER PHILADELPHIA, SERVING AS A TRUSTED ADVISOR WITH INTERNATIONAL EXPERTISE AND WORLDWIDE CONNECTIONS TO INSPIRE AND EMPOWER COMPANIES TO THINK AND SUCCEED GLOBALLY (CONTINUED ON SCHEDULE O).IN 2023, THE WTCGP PROVIDED TRADE COUNSELING SERVICES TO OVER 116 COMPANIES, LARGELY SMALL AND MEDIUM-SIZED BUSINESSES, AND CONDUCTED 23 EDUCATIONAL EVENTS AND SEMINARS, INCLUDING AN ANNUAL GLOBAL BUSINESS CONFERENCE, ATTRACTING OVER 425 PARTICIPANTS. IN 2023, COMPANIES IN PENNSYLVANIA AND NEW JERSEY ASSISTED BY THE WTCGP REPORTED OVER $112M IN INCREMENTAL EXPORT SALES, SUPPORTING 505 JOBS IN THE REGION.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $969,051
Program Service Revenue $11,350
Investment Income $0
Other Revenue $-43,480
TOTAL REVENUE $936,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $620,841
Fundraising Expenses $430,325
Program Expenses $529,046
Other Expenses $597,127
TOTAL EXPENSES $1,217,968

Year-over-Year Comparison

2023 2022 Change
Revenue $936,921 $720,721 +0.3%
Expenses $1,217,968 $956,028 +0.3%
Net Income $-281,047 $-235,307 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
17
Employees
10
Volunteers
26

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$175,043
Total Directors
16
$110,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY J SIMONETTA PRESIDENT (JAN-JULY) & BOARD MEMBER 0.20
Officer Director
$110,000 $0 $110,000
JOSEPH J SCALIO CHAIRMAN 0.20
Officer Director
$0 $0 $0
STEVEN S BRADLEY VICE CHAIRMAN 0.20
Officer Director
$0 $0 $0
STEVEN J BATZER TREASURER 0.20
Officer Director
$0 $0 $0
MARTIN G BELISARIO SECRETARY 0.20
Officer Director
$0 $0 $0
DR JOHN A BENNETT BOARD MEMBER 0.20
Director
$0 $0 $0
GARY P BIEHN ESQ BOARD MEMBER 0.20
Director
$0 $0 $0
WALT D'ALESSIO BOARD MEMBER- RESIGNED NOV 2023 0.20
Director
$0 $0 $0
DAVID A DELIZZA BOARD MEMBER 0.20
Director
$0 $0 $0
JOVAN GOLDSTEIN BOARD MEMBER 0.20
Director
$0 $0 $0
ROBERT KRITZER BOARD MEMBER 0.20
Director
$0 $0 $0
THOMAS LEONARD BOARD MEMBER 0.20
Director
$0 $0 $0
BERNADINE J MUNLEY BOARD MEMBER 0.20
Director
$0 $0 $0
ELIZABETH MURPHY BOARD MEMBER- RESIGNED NOV 2023 0.20
Director
$0 $0 $0
ROSEANN B ROSENTHAL BOARD MEMBER 0.20
Director
$0 $0 $0
MARTY SCHIFFMAN BOARD MEMBER 0.20
Director
$0 $0 $0
THOMAS YOUNG CEO STARTING AUGUST 2023 40.00
Officer
$65,043 $0 $65,043
LINDA CONLIN SR ADVISOR OF STRATEGIC INITIATIVES 40.00
Highest
$103,053 $0 $103,053
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $936,921 $1,217,968 $686,680 $-281,047
2022 $720,721 $956,028 $459,633 $-235,307
2021 $926,595 $1,155,038 $486,130 $-228,443
2021 $740,985 $969,428 $462,130 $-228,443
2020 $902,281 $1,024,248 $693,800 $-121,967
2019 $888,299 $882,047 $645,761 $6,252
2018 $984,977 $892,246 $638,037 $92,731
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