Charitable Exchange Inc
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Yardley, PA
- Founding
- Data as of
- 12/2016
- EIN
- 46-2424722
Organization Overview
Charitable Exchange Inc is located in Yardley, PA. Charitable Exchange 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 12/2016, Charitable Exchange Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2016. While expenses have increased by 13.6% per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
PARTNER WITH SELECT NONPROFIT CHARITABLE ORGANIZATIONS TO RAISE FUNDING. PURPOSE IS TO ASSIST THESE ORGANIZATIONS TO FOCUS ON CHARITABLE WORKS, WHILE WE HELP BY EXPANDING EXISTING FUNDING SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO CHARITABLE ORGANIZATIONS AS PER MISSION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Galloway VP And Director | OfficerTrustee | 40 | $0 |
Terry Darby President And Director | OfficerTrustee | 10 | $0 |
Anna Darby-Matteoda Director | Officer | 10 | $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 | $1,297,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,297,552 |
| 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 | $1,297,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,178,157 |
| 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. | $59,996 |
| Compensation of current officers, directors, key employees. | $29,998 |
| 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 | $0 |
| Fees for services: Accounting | $4,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,795 |
| Office expenses | $328 |
| Information technology | $40,000 |
| 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 | $1,352,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Charitable Exchange Inc has awarded $1,118,483 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
SOPHIA INSTITUTE PRESS PURPOSE: Raised funds for specialized teachers training equipment. | $20,000 |
SAINT MARY BY-THE-SEA RETREAT HOUSE PURPOSE: Raised funds for engineering services related to construction of house replacement piers. | $25,958 |
HIS WORK IN PROGRESS PURPOSE: To establish matching fund of 50 to complete phase 2 of HWIPs Healthcare Center Project. | $29,526 |
HOLY SPIRIT RADIO FOUNDATION PURPOSE: To establish campaign to raise 30,000 and fully winterize the HSR transmitter site in Coatesville, PA. | $46,154 |
IMMACULATE CONCEPTION CATHOLIC SCHOOL PURPOSE: To bestow matching gifts to help ICCS provide special education scholarships for students and to enable all students to io operate digital learning devices. | $30,100 |
KNIGHTS OF COLUMBUS PURPOSE: To support number of needy individuals and organizations within the Catholic Church. | $86,002 |