Community Resource Exchange
- Assets
- $5.6m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 36
- Location
- New York, NY
- Founding
- 04/1982
- Data as of
- 09/2021
- 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 09/2021, Community Resource Exchange employed 36 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 09/2021, Community Resource Exchange generated $4.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.8m during the year ending 09/2021. While expenses have increased by 1.0% per year over the past 6 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
CRE HELPS NONPROFIT LEADERS BUILD SUSTAINABLE, HIGH-PERFORMING ORGANIZATIONS THAT IMPROVE PEOPLE'S LIVES AND DRIVE SOCIAL CHANGE.
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 |
|---|---|---|---|
Katharine J Leonberger President And CEO | Officer | 40 | $214,368 |
Jean R Lobell Chief Program Officer | 40 | $169,174 | |
Tracey K Allard Dir. Of Culture And Equity | 40 | $157,591 | |
Randall K Quan Senior Consultant | 40 | $128,416 | |
Unique A Brathwaite Dir. Of Strategic Development | 40 | $126,626 | |
Kim- Monique Johnson Senior Consultant | 40 | $120,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,059,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $953,306 |
| Noncash contributions included in lines 1a–1f | $25,373 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,234 |
| Total Program Service Revenue | $1,890,485 |
| Investment income | $34,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,663 |
| Net Gain/Loss on Asset Sales | $49,208 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,997,508 |
| 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. | $188,692 |
| Compensation of current officers, directors, key employees. | $29,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,450,898 |
| Pension plan accruals and contributions | $102,702 |
| Other employee benefits | $279,119 |
| Payroll taxes | $188,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,500 |
| Fees for services: Other | $121,774 |
| Advertising and promotion | $0 |
| Office expenses | $54,966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,023 |
| 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 | $6,870 |
| Insurance | $16,510 |
| All other expenses | $18,149 |
| Total functional expenses | $3,779,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281 |
| Savings and temporary cash investments | $3,856,246 |
| Pledges and grants receivable | $62,627 |
| Accounts receivable, net | $732,801 |
| 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 | $110,367 |
| Net Land, buildings, and equipment | $8,227 |
| Investments—publicly traded securities | $782,146 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,552,695 |
| Accounts payable and accrued expenses | $365,676 |
| Grants payable | $0 |
| Deferred revenue | $411,458 |
| 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 | $587,242 |
| Other liabilities | $0 |
| Total liabilities | $1,364,376 |
| Net assets without donor restrictions | $3,660,841 |
| Net assets with donor restrictions | $527,478 |
| 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 | $5,552,695 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Community Resource Exchange has recieved totaling $556,765.
| Awarding Organization | Amount |
|---|---|
Booth Ferris Foundation Chicago, IL PURPOSE: GENERAL | $150,000 |
Korean-American Community Foundation Inc New York, NY PURPOSE: Capacity Building and Fellowship | $121,000 |
New York Womens Foundation New York, NY PURPOSE: CAPACITY BUILDING | $70,265 |
Mary J Hutchins Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $55,000 |
Mary J Hutchins Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
William T Grant Foundation Inc New York, NY PURPOSE: CRE LEADERSHIP AND MANAGEMENT TRAINING OPPORTUNITIES | $50,000 |
Endowment Analysis
| Beg. Balance | $2,108,244 |
| Net Contributions | $674,652 |
| Other Expense | $754,064 |
| Ending Balance | $2,028,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |
Doris Duke Management Foundation New York, NY | $16,535,132 | $14,155,611 |
Friends Retirement Concepts Inc East Brunswick, NJ | $1,909,950 | $77,429,648 |
Loomis Senior Living Inc Springfield, MA | $28,913,416 | $11,456,759 |
St Barnabas Health System Inc Gibsonia, PA | $11,393,428 | $11,432,241 |
Jasa Corporation New York, NY | $81,684,696 | $37,717,694 |
Managed Health Resources Inc Somerville, MA | $3,938,917 | $10,079,712 |
Corporation For Public Management Springfield, MA | $4,685,257 | $9,157,820 |
Repair The World Inc New York, NY | $12,187,078 | $15,959,640 |
Greenlight Fund Inc Boston, MA | $42,352,502 | $25,826,646 |
Arts Business Collaborative Inc Long Island City, NY | $8,659,572 | $7,475,051 |