Dme Exchange Of Dallas Inc
- Assets
- $134.4k
- Revenue
- $273.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 45-2301719
Organization Overview
Dme Exchange Of Dallas Inc is located in Dallas, TX. The organization was established in 2012. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Dme Exchange Of Dallas Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dme Exchange Of Dallas Inc 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, Dme Exchange Of Dallas Inc generated $273.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $259.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE RELIEF FROM PAIN AND SUFFERING FOR PEOPLE WITH ACUTE INJURY OR ILLNESS AND TO IMPROVE THE INDEPENDENCE, SELF-SUFFICIENCY AND MOBILITY OF PEOPLE WITH CHRONIC ILLNESSES BY COLLECTING, REFURBISHING, SANITIZING AND DISTRIBUTING USED DURABLE MEDICAL EQUIPMENT TO RESIDENTS OF DALLAS COUNTY, TEXAS WHO CANNOT AFFORD TO PURCHASE OR RENT THE EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DME EXCHANGE OF DALLAS, INC. ACCEPTS PREVIOUSLY OWNED DURABLE MEDICAL EQUIPMENT AND REFURBISHES, REPAIRS AND SANITIZES THESE ITEMS. ONCE THE EQUIPMENT IS READY FOR USE, DME DISTRIBUTES IT TO QUALIFIED, LOW-INCOME PERSONS WITH DISABILITIES LIVING IN DALLAS COUNTY. DME DALLAS PROVIDES MEDICAL EQUIPMENT TO ELIGIBLE INDIVIDUALS WHO ARE RECOVERING FROM AN ACCIDENT OR ILLNESS, OR SUFFER CHRONIC, PROGRESSIVE, AND/OR DEBILITATING CONDITIONS AND/OR AGING. THE EQUIPMENT ALLOWS SUCH AN INDIVIDUAL TO RECOVER SAFELY AT HOME BY ENHANCING MOBILITY AND INDEPENDENCE. IN 2021, DME DISTRIBUTED MEDICAL EQUIPMENT (662) TO 558 INDIVIDUALS IN DALLAS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Hersey Executive Dir. | Officer | 40 | $63,000 |
Stanley Pomarantz Secretary | OfficerTrustee | 1 | $0 |
Max Jaffe President | OfficerTrustee | 1 | $0 |
Pete Seeley Treasurer | OfficerTrustee | 1 | $0 |
Sheli Barnett Director | Trustee | 1 | $0 |
Dr Adam Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,011 |
| Noncash contributions included in lines 1a–1f | $41,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,731 |
| Total Program Service Revenue | $0 |
| 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 | $273,731 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,465 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,000 |
| Compensation of current officers, directors, key employees. | $6,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,550 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,512 |
| 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 | $203 |
| Insurance | $1,654 |
| All other expenses | $2,785 |
| Total functional expenses | $259,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $56,564 |
| 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 | $17,688 |
| 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 | $500 |
| Total assets | $134,404 |
| Accounts payable and accrued expenses | $270 |
| 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 | $0 |
| Total liabilities | $270 |
| Net assets without donor restrictions | $134,134 |
| Net assets with donor restrictions | $0 |
| 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 | $134,404 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Dme Exchange Of Dallas Inc has recieved totaling $53,154.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $18,476 |
Hamon Charitable Foundation Dallas, TX PURPOSE: COLLECT, REFURBISH, SANITIZE & DISTRIBUTE USED DURABLE MEDICAL EQMT TO RESIDENTS OF DALLAS COUNTY | $10,000 |
Episcopal Health Foundation Of Dallas Dallas, TX PURPOSE: MEETING THE DME NEED/ MEDICAL EQUIPMENT | $8,000 |
Theodore And Beulah Beasley Foundation Inc Dallas, TX PURPOSE: GENERAL OPERATING FOR DURABLE MEDICAL EQUIPMENT RECYCLING | $5,000 |
Eugene Mcdermott Foundation Dallas, TX PURPOSE: FOR RECYCLE DURABLE MEDICAL EQUIPMENT | $5,000 |
Mitchell L And Miriam Lewis Barnett Charitable Trust Agreement Richardson, TX PURPOSE: MEDICAL EQUIPMENT | $3,600 |
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|---|---|---|
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Giving Hope Inc New Orleans, LA | $5,121,210 | $13,487,479 |
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Bright Nutrition Brownsville, TX | $120,578 | $4,704,532 |
Food Care Center Killeen, TX | $541,978 | $4,242,108 |
Hays-Caldwell Womens Center San Marcos, TX | $8,162,903 | $5,132,472 |
Xyz Cacfp Incorporation Missions, TX | $289,773 | $3,776,998 |
Jewish Community Center Of Greater Albuquerque Inc Albuquerque, NM | $6,558,592 | $4,620,068 |
Tarrant County Homeless Coalition Fort Worth, TX | $319,461 | $3,091,863 |
Jubilee Park & Community Center Corporation Dallas, TX | $21,954,654 | $6,617,368 |
Any Baby Can Of San Antonio Inc San Antonio, TX | $3,532,459 | $2,576,884 |
Behind Every Door Ministries Inc Dallas, TX | $5,352,490 | $5,798,355 |