Asset Trader
- Assets
- $8.3m
- Revenue
- $109.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Raleigh, NC
- Founding
- 06/2013
- Data as of
- 12/2019
- EIN
- 45-4464864
Organization Overview
Asset Trader is located in Raleigh, NC. The organization was established in 2013. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2015, Asset Trader employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asset Trader 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 12/2019, Asset Trader generated $109.1k in total revenue. All expenses for the organization totaled $152.1k during the year ending 12/2019.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSET TRADER (F/K/A THE CGA EXCHANGE) IS AN IRS APPROVED SECTION 501 (C)(3) NON-PROFIT, PUBLIC CHARITY WHOSE FUNCTION IS TO EDUCATE AND CREDENTIAL (AS AN APPROVED IRS CE PROVIDER) PROFESSIONAL ADVISORS (ATTORNEYS, CPAS, M&A ADVISORS, BUSINESS BROKERS, FINANCIAL ADVISORS, INSURANCE AGENTS, REAL ESTATE PROFESSIONALS, ETC) AND TO SERVE AS A COMPLIANT ASSET EXCHANGE PLATFORM TO LEGALLY CONVERT, THROUGH PHILANTROPIC PLANNED GIVING, A DONOR'S TRAPPED, ILLIQUID ASSETS (BUSINESSES, REAL ESTATE, INVESTMENT PORTFOLIOS, LIFE INSURANCE POLICIES, ETC) TO MORE TAX ADVANTAGED, IDENTITY, ASSET, AND ESTATE PROTECTED INCOME FOR LIFE THROUGH THE USE OF VARIOUS PLANNED GIVING STRUCTURES. ASSET TRADER IS ALSO A REGISTERED AND APPROVED IRS CONTINUING EDUCATION (CE) PROVIDER CREDENTIALING PROFESSIONAL PLANNERS THROUGH THE PROFESSIONAL DESIGNATION KNOWN AS THE CETA (CERTIFIED EXIT & TRANSITION ADVISOR).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valarie Boyd Board Member | Trustee | 40 | $36,000 |
Charles Roger Newman Board Member | Trustee | 40 | $40,800 |
Maxine March Board Member | Trustee | 5 | $2,250 |
Anthony Wayne March CEO | Officer | 40 | $60,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 | $109,147 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,803 |
| Fees for services: Accounting | $3,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $152,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $323,688 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,768,947 |
| Total assets | $8,311,525 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,614,900 |
| Total liabilities | $1,614,900 |
| Net assets without donor restrictions | $2,844,328 |
| Net assets with donor restrictions | $3,852,297 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,696,625 |