Resource Institute Inc
- Assets
- $6.8m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Winstonsalem, NC
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 56-2251040
Organization Overview
Resource Institute Inc is located in Winstonsalem, NC. The organization was established in 2002. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2023, Resource Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Institute 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 12/2023, Resource Institute Inc generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $12.2m during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN AVENUE OF SUPPORT TO ADDRESS NATURAL AND HUMAN RESOURCE OPPORTUNITIES AND TO ENHANCE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE WITH VARIOUS CONSERVATION DEVELOPMENT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Fletcher Board Member | Trustee | 5 | $0 |
Dick Barber Board Member | Trustee | 5 | $0 |
Richard Mode Board Member | Trustee | 5 | $0 |
Erich Schlenker Board Member | Trustee | 5 | $0 |
Ken White Chairman | Officer | 5 | $6,000 |
Kirk Otey Vice Chairman | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brushy Fork Environmental Design & Construction | 12/30/23 | $1,966,700 |
North State Environmental Construction | 12/30/23 | $1,962,637 |
Jennings Environmental Design | 12/30/23 | $1,356,180 |
Baker Grading & Landscaping Construction | 12/30/23 | $1,070,959 |
Belflower Farm Llc Construction | 12/30/23 | $661,225 |
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 | $11,844,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,844,591 |
| Total Program Service Revenue | $0 |
| Investment income | $12,777 |
| 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 | $12,857,471 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,369 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,484 |
| Fees for services: Lobbying | $38,423 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,568,514 |
| Advertising and promotion | $0 |
| Office expenses | $43,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,479 |
| Travel | $78,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,898 |
| Interest | $8,591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,686 |
| Insurance | $22,924 |
| All other expenses | $585 |
| Total functional expenses | $12,175,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,119,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,170,075 |
| 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 | $540,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,829,726 |
| Accounts payable and accrued expenses | $2,899,009 |
| Grants payable | $0 |
| Deferred revenue | $1,756,786 |
| 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 | $266,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,563 |
| Total liabilities | $4,948,061 |
| Net assets without donor restrictions | $1,830,406 |
| Net assets with donor restrictions | $51,259 |
| 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 | $6,829,726 |