Resource Exchange
- Assets
- $117.6k
- Revenue
- $221.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Philadelphia, PA
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-0493941
Organization Overview
Resource Exchange is located in Philadelphia, PA. The organization was established in 2011. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Resource Exchange employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Exchange is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Resource Exchange generated $221.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $184.4k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REUSE CENTER DEDICATED TO PROMOTING CREATIVE REUSE, RECYCLING AND RESOURCE CONSERVATION BY DIVERTING VALUABLE MATERIALS FROM THE WASTE STREAM AND REDIRECTING THEM TO ARTISTS, BUILDERS, EDUCATORS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAVE CHANNELED LOW COST, RECLAIMED MATERIALS INTO THEATRE AND FILM PRODUCTIONS, PUBLIC ART INSTALLATIONS, INDIVIDUAL ARTIST WORKS, COMMUNITY GARDENS, OUTDOOR CLASSROOMS AND GREEN BUILDING PROJECTS. SINCE 2009 THE ORGANIZATION HAS KEPT OVER 2 MILLION POUNDS OUT OF PHILADELPHIA LANDFILLS AND INCINERATORS. WE HOST MONTHLY MEETINGS AND PROMOTE LOCAL ARTIST WORKS IN THE GALLERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karyn Gerred Executive Director CEO | Officer | 50 | $38,563 |
Brittany Sweigart Program Staff | 40 | $23,210 | |
Genevieve S Degroot Program Staff | 30 | $13,755 | |
Joseph T Whitfield Program Staff | 20 | $7,560 | |
Rebecca Torres Program Staff | 20 | $5,816 | |
Kristin Barrett Brown Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,828 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,042 |
| Total Program Service Revenue | $132,311 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,563 |
| Compensation of current officers, directors, key employees. | $38,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,256 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,051 |
| Advertising and promotion | $132 |
| Office expenses | $1,525 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,664 |
| All other expenses | $0 |
| Total functional expenses | $184,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,699 |
| Total assets | $117,595 |
| Accounts payable and accrued expenses | $6,627 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,111 |
| Total liabilities | $7,738 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $109,857 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $117,595 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Resource Exchange has recieved totaling $14,380.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,701 |
Philadelphia Cultural Fund Inc Philadelphia, PA PURPOSE: Operations | $6,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fsk Land Corporation Baltimore, MD | $75,439,989 | $18,455,473 |
American Lumber Standard Committee Incorporated Frederick, MD | $5,041,077 | $3,457,193 |
Environmental Grantmakers Association New York, NY | $3,826,328 | $3,211,858 |
National Air Duct Cleaners Association Mount Laurel, NJ | $7,912,888 | $3,438,662 |
The Stringer Foundation New York, NY | $22,298,258 | $2,265,089 |
Museum At Eldridge Street New York, NY | $3,528,526 | $1,744,110 |
Voices For A Sustainable Future Inc Takoma Park, MD | $1,617,346 | $2,207,079 |
Chesapeake Legal Alliance Inc Annapolis, MD | $1,641,054 | $636,034 |
Gettysburg Nature Alliance Gettysburg, PA | $1,606,711 | $1,429,638 |
Blue Mountain Center Blue Mountain Lake, NY | $22,198,352 | $2,163,643 |
Fernbrook Environmental Education Center Inc Bordentown, NJ | $416,105 | $972,845 |
North American Passive House Network Inc New York, NY | $37,915 | $662,900 |