Resource Exchange International Inc
- Assets
- $1.2m
- Revenue
- $2.6m
- Investments
- $853.4k
- Employees
- 37
- Location
- Colorado Springs, CO
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 59-3043334
Organization Overview
Resource Exchange International Inc is located in Colorado Springs, CO. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Resource Exchange International Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Exchange International 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 12/2022, Resource Exchange International Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 15.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE, ENCOURAGE, EQUIP, AND EMPOWER PEOPLE TO STRENGTHEN THE STRATEGIC SECTORS OF THEIR EMERGING NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING BOTH IN-PERSON AND ONLINE / VIRTUAL EDUCATION AND TRAINING TO INDIVIDUALS IN DEVELOPING AND EMERGING SOCIETIES TO STRENGTHEN THEIR CAPABILITIES AND HELP THEM BUILD THEIR NATIONS, ENCOURAGING AND FACILITATING INTERNATIONAL ECONOMIC DEVELOPMENT AND CROSS-CULTURAL EXCHANGE, AND PROMOTING INTERNATIONAL GOODWILL AND UNDERSTANDING THROUGH TECHNICAL, EDUCATIONAL, AND CULTURAL EXCHANGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Gray Chairman - Until May 2022 | OfficerTrustee | 2 | $0 |
Gail Jones Director | Trustee | 1 | $0 |
Randy Otto Director | Trustee | 1 | $0 |
Sarah Coors Director | Trustee | 1 | $0 |
Bryan Gibbs Director | Trustee | 1 | $0 |
Paul Yankey Chairman - Starting May 2022 | OfficerTrustee | 2 | $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 | $2,538,968 |
| Noncash contributions included in lines 1a–1f | $9,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,538,968 |
| Total Program Service Revenue | $0 |
| Investment income | $21,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,566,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,545 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $98,119 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $278,444 |
| Compensation of current officers, directors, key employees. | $19,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,268,195 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,251 |
| Payroll taxes | $92,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,753 |
| Advertising and promotion | $114,820 |
| Office expenses | $52,810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,954 |
| Travel | $354,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,862 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,371 |
| Insurance | $22,483 |
| All other expenses | $0 |
| Total functional expenses | $2,864,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,169 |
| Savings and temporary cash investments | $75,296 |
| Pledges and grants receivable | $174,124 |
| 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 | $27,466 |
| Net Land, buildings, and equipment | $75,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $853,418 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,228,770 |
| Accounts payable and accrued expenses | $58,214 |
| 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 | $79,636 |
| Total liabilities | $137,850 |
| Net assets without donor restrictions | $479,082 |
| Net assets with donor restrictions | $611,838 |
| 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 | $1,228,770 |
Grants Awarded
Over the last fiscal year, Resource Exchange International Inc has awarded $23,805 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE NAVIGATORS PURPOSE: ADMINISTRATION OF FUNDS TO ON-GOING PROGRAMS | $8,160 |
FRONTIER ALLIANCE INTERNATIONAL PURPOSE: ADMINISTRATION OF FUNDS TO ON-GOING PROGRAMS | $15,645 |