Community Resource Exchange
- Assets
- $4.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 33
- Location
- New York, NY
- Founding
- 04/1982
- Data as of
- 09/2023
- EIN
- 13-3048638
Organization Overview
Community Resource Exchange is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Community Resource Exchange employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Resource Exchange 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 09/2023, Community Resource Exchange generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amer S Ahmed Chair | OfficerTrustee | 4 | $0 |
Laurie Lessage Treasurer | OfficerTrustee | 2 | $0 |
Benjamin F Lorick Secretary | OfficerTrustee | 2 | $0 |
Zohra Zori Chair, Development | Trustee | 2 | $0 |
Margi Booth Chair, Marketing & Communications | Trustee | 2 | $0 |
Dipty Jain Chair, Finance/audit Committee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $648,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,041,872 |
| Noncash contributions included in lines 1a–1f | $27,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,690,763 |
| Total Program Service Revenue | $1,477,624 |
| Investment income | $46,615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,959,933 |
| 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. | $271,190 |
| Compensation of current officers, directors, key employees. | $46,112 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,384,048 |
| Pension plan accruals and contributions | $94,643 |
| Other employee benefits | $280,108 |
| Payroll taxes | $183,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,312 |
| Fees for services: Other | $205,574 |
| Advertising and promotion | $0 |
| Office expenses | $51,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,538 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,620 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,594 |
| Insurance | $20,534 |
| All other expenses | $8,590 |
| Total functional expenses | $3,890,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281 |
| Savings and temporary cash investments | $3,162,854 |
| Pledges and grants receivable | $19,143 |
| Accounts receivable, net | $588,060 |
| 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 | $65,659 |
| Net Land, buildings, and equipment | $3,450 |
| Investments—publicly traded securities | $739,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,579,283 |
| Accounts payable and accrued expenses | $295,576 |
| Grants payable | $0 |
| Deferred revenue | $49,346 |
| 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 | $344,922 |
| Net assets without donor restrictions | $3,537,937 |
| Net assets with donor restrictions | $696,424 |
| 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 | $4,579,283 |