Community Resource Tr
- Assets
- $2.7m
- Revenue
- $276.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Salem, OR
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-2773359
Organization Overview
Community Resource Tr is located in Salem, OR. The organization was established in 2011. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Resource Tr 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 12/2022, Community Resource Tr generated $276.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $301.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Community Resource Tr has awarded 27 individual grants totaling $11,027,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARILY, THIS CORPORATION IS ORGANIZED TO ACHIEVE THE OBJECTIVES OF REDUCING POVERTY THROUGH: PURSUING ECONOMIC WELLNESS; FOSTERING LOW-INCOME HOUSING; PROVIDING STRUCTURES IN WHICH CHARITABLE ORGANIZATIONS ARE LOCATED; AND PROMOTING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY RESOURCE TRUST HAS COLLABORATED WITH OREGON HOUSING AND COMMUNITY SERVICES, KEY COMMUNITY DEVELOPMENT CORPORATION, THE CITY OF SALEM, AND MOUNTAIN WEST INVESTMENT CORPORATION, TO BUILD 180 LOW-INCOME HOUSING UNITS IN THE CITY OF SALEM, OREGON. THE PROJECT IS COMPLETE AND FULLY-LEASED.
COMMUNITY RESOURCE TRUST IS SERVING AS PROJECT SPONSOR AND MANAGING MEMBER FOR THE WOODBURN OPPORTUNITY CENTER. TOGETHER WITH IMMANUEL LUTHERAN CHURCH, THEY HAVE FORMED AN LLC TO OWN AND OPERATE THE CENTER. COMMUNITY RESOURCE TRUST IS SERVING AS PROJECT SPONSOR FOR FUNDING APPLICATIONS AND CONTRIBUTE SECURED FUNDS INTO THE PROJECT. THE PROJECT IS CURRENTLY IN ITS PREDEVELOPMENT STAGE.
COMMUNITY RESOURCE TRUST HAS PROVIDED FUNDING TO SALEM-KEIZER SCHOOL DISTRICT FOR PROGRAM ENHANCEMENTS AT THE CAREER TECHNICAL EDUCATIONAL CENTER (CTEC). THE MISSION OF CTEC IS TO PREPARE STUDENTS FOR HIGH-SKILL, HIGH-WAGE, AND HIGH-DEMAND CAREERS WHILE DEVELOPING THE PROCESSIONAL SKILLS, TECHNICAL KNOWLEDGE, ACADEMIC FOUNDATION AND REAL-WORLD EXPERIENCE TO ASSURE THEIR SUCCESS UPON GRADUATION.
COMMUNITY RESOURCE TRUST IS CURRENTLY FUNDING THE SCHOOL INNOVATION COLLABORATION PROJECT, WHICH IS DESIGNED TO IMPROVE ATTENDANCE AND ACHIEVEMENT RATES IN 3 HIGH SCHOOLS AND 2 ELEMENTARY SCHOOLS IN SALEM, OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Hays Executive Director | Officer | 40 | $110,746 |
Paul DE Muniz Board Chair | OfficerTrustee | 1 | $0 |
Chuck Swank Treasurer/secretary | OfficerTrustee | 1 | $0 |
Victoria Shinn Director | Trustee | 1 | $0 |
George Jennings Director | Trustee | 1 | $0 |
Shaney Starr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,332 |
| Total Program Service Revenue | $82,277 |
| Investment income | $1,181 |
| 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 | $276,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,375 |
| 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. | $110,746 |
| Compensation of current officers, directors, key employees. | $16,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,930 |
| Payroll taxes | $8,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,310 |
| Fees for services: Accounting | $20,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,486 |
| Advertising and promotion | $300 |
| Office expenses | $2,667 |
| Information technology | $1,661 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,872 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,910 |
| All other expenses | $1,079 |
| Total functional expenses | $301,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,521 |
| Savings and temporary cash investments | $501,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,280,704 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $882 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,677,282 |
| Accounts payable and accrued expenses | $25,052 |
| 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 | $503,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $528,190 |
| Net assets without donor restrictions | $1,702,601 |
| Net assets with donor restrictions | $446,491 |
| 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 | $2,677,282 |
Grants Awarded
Over the last fiscal year, Community Resource Tr has awarded $121,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SALEM-KEIZER PUBLIC SCHOOLS PURPOSE: CTEC PROGRAM BUILDING IMPROVEMENTS | $85,000 |
SALEM-KEIZER PUBLIC SCHOOLS PURPOSE: TO FUND SCHOOL INNOVATION PROJECTS | $36,067 |