Resource Institute Inc
- Assets
- $2.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Winstonsalem, NC
- Founding
- 04/2002
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Resource Institute Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 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
2021
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 |
|---|---|---|---|
Ken White Chairman | Officer | 5 | $0 |
Kirk Otey Vice Chairman | Officer | 5 | $0 |
John Fuler Secretary | Officer | 5 | $0 |
Meyressa Schoonmaker Treasurer | Officer | 5 | $0 |
Scott Fletcher Board Member | Trustee | 5 | $0 |
Dick Barber Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North State Environmental Design & Construction | 12/30/21 | $4,198,267 |
Spell Construction Design & Construction | 12/30/21 | $440,667 |
Brushy Fork Environmental Stream Design & Construction | 12/30/21 | $426,270 |
Penland Contracting Co Stream Construction | 12/30/21 | $236,450 |
Yadkin Valley Construction Construction | 12/30/21 | $351,300 |
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 | $7,562,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,562,349 |
| 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 | $7,716,421 |
| 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 | $264,358 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,488 |
| Payroll taxes | $18,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,392 |
| Fees for services: Lobbying | $25,504 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,918,158 |
| Advertising and promotion | $0 |
| Office expenses | $48,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,591 |
| Interest | $8,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,186 |
| Insurance | $14,723 |
| All other expenses | $1,172 |
| Total functional expenses | $7,507,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $435,980 |
| 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 | $570,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,458,725 |
| Accounts payable and accrued expenses | $372,924 |
| Grants payable | $0 |
| Deferred revenue | $788,256 |
| 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 | $290,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,202 |
| Total liabilities | $1,467,767 |
| Net assets without donor restrictions | $990,958 |
| 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 | $2,458,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resource Institute Inc has recieved totaling $50,032.
| Awarding Organization | Amount |
|---|---|
National Fish And Wildlife Foundation Washington, DC PURPOSE: CONSERVATION PROJECTS | $50,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Council Of The Paper Ind For Air & Stream Improvement Inc Cary, NC | $17,154,248 | $16,332,109 |
Health Care Without Harm Reston, VA | $18,732,960 | $11,311,723 |
Resource Institute Inc Winstonsalem, NC | $2,458,725 | $7,716,421 |
Nipera Inc Durham, NC | $1,198,741 | $4,826,712 |
Center For Climate And Energy Solutions Arlington, VA | $5,506,660 | $2,967,227 |
Coordinating Research Council Inc Alpharetta, GA | $13,644,048 | $4,139,511 |
Environmental Research And Raleigh, NC | $14,221,354 | $4,055,020 |
Advanced Conservation Strategies Williamsburg, VA | $863,235 | $1,125,149 |
Wetlands Watch Inc Norfolk, VA | $393,357 | $503,656 |
Three Rivers Solid Waste Technology Center Jackson, SC | $1,313,727 | $353,229 |
Environmental Pulse Institute Centreville, VA | $203,544 | $311,057 |
Sandhills Ecological Institute Inc Southern Pines, NC | $106,501 | $245,624 |