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Philadelphia Industrial Development Corp

Social welfareFed auditsIRS 990
DBA: % TIFFANY CANADY
Social Welfare / Advocacy · PHILADELPHIA, PA · EIN 23-6050858

About

PIDC has been philadelphia's public-private economic development corporation since 1958. As a public-private partnership founded by the city of philadelphia and the chamber of commerce for greater philadelphia, PIDC's mission is to SPUR investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of philadelphia. To achieve this mission, PIDC attracts, manages, and invests public and private resources in the clients, communities, and markets that energize philadelphia's economy. PIDC released the 2023-2026 strategic framework as a roadmap to achieve its mission and strive toward a more inclusive, equitable, and sustainable philadelphia where ALL residents benefit from economic development and a growing global economy. It is designed to help PIDC make resource allocation and strategic partnership decisions that align with the organization's vision, mission, theory of change and to align PIDC's stakeholders around a common vision and goal. The framework is grounded in three integral and intersecting lenses imperative to informing PIDC's approach to achieving and delivering on its mission. Lenses are principles that inform the world view or perspective of PIDC and provide focus and direction for PIDC's scope and approach to achieving its mission. These three lenses are defined below: 1) racial equity: progressing toward a fair and just society in which ALL people CAN participate, prosper, and reach their full potential and a world where racial disparities do not exist. 2) future of work: adapting to the many forces of change affecting work, the workforce, and the workplace. 3) sustainability & resilience: advancing development and growth in balance with the environment to support present and future generations

In care of Tiffany Canady

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
48
Volunteers
30

Financial Snapshot

FY ending 2024-12-31
Revenue
$28.9M
Expenses
$24.2M
Assets
$64.9M
Liabilities
$42.4M

Financial history

$28.9M$14.4M$0
161718192021222324
RevenueExpenses
Latest FY2024: $28.9M · Avg: $19.7M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.3M
PHILADELPHIA INDUSTRIAL DEVELOPMENT CORP
Your actions

Address

1500 Market ST
Philadelphia, PA, 19102-210

Governance

Voting board members30
Independent members30
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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