Resource Foundation Inc
- Assets
- $1.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 13-3421446
Organization Overview
Resource Foundation Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (Q50) the organization is classified as: International Affairs, Foreign Policy, & Globalization, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Resource Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Foundation 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 Foundation Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Resource Foundation Inc has awarded 11 individual grants totaling $754,544. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADER IN PHILANTHROPIC GIVING TO THE AMERICAS & THE CARIBBEAN , AND TO INCREASE OPPORTUNITIES & IMPROVE LIVING STANDARDS FOR THE REGION'S DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE REPRESENTATION, NETWORKING , TRAINING , TECHNICAL ASSISTANCE AND FUNDRAISING TO NON-PROFIT DEVELOPMENT ORGANIZATIONS ACROSS THE AMERICAS, THE CARIBBEAN THAT IMPLEMENT SELF-HELP PROJECTS SUCH AS AFFORDABLE HOUSING, AGRICULTURE, CAPACITY BUILDING, CULTURAL PROGRAMS , DISASTER RELIEF, EDUCATION AND JOB SKILLS, ENVIRONMENT , FINANCIAL INCLUSION , HEALTHCARE & HIV/AIDS , POTABLE WATER, SANITATION & WOMEN'S EMPOWERMENT. THE RESOURCE FOUNDATION ALSO PROMOTES AND IMPLEMENTS DEVELOPMENT EDUCATION PROGRAMS IN THE U.S. IN ORDER TO INCREASE THE AWARENESS OF THE AMERICAN PUBLIC ABOUT CONDITIONS IN LATIN AMERICA AND IN THE CARIBBEAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Mellace Executive Director | Officer | 40 | $94,300 |
Cristina Perez Secretary | OfficerTrustee | 1.5 | $0 |
John Welch Chairman | OfficerTrustee | 1.5 | $0 |
Patrick Amato Treasurer | OfficerTrustee | 1.5 | $0 |
Amy Mccarthy Director | Trustee | 1.5 | $0 |
Fernando Gonzalez Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,937,612 |
| Noncash contributions included in lines 1a–1f | $20,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,055,152 |
| Total Program Service Revenue | $0 |
| Investment income | $4,753 |
| 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 | $4,059,905 |
| 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 | $3,555,694 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,300 |
| Compensation of current officers, directors, key employees. | $37,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,168 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,398 |
| Payroll taxes | $29,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,148 |
| Fees for services: Accounting | $34,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75 |
| Fees for services: Other | $12,261 |
| Advertising and promotion | $0 |
| Office expenses | $3,436 |
| Information technology | $54,550 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $799 |
| Insurance | $7,836 |
| All other expenses | $8,554 |
| Total functional expenses | $4,085,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,422 |
| Savings and temporary cash investments | $23,269 |
| Pledges and grants receivable | $636,930 |
| 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 | $1,137 |
| Investments—publicly traded securities | $97,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,773,805 |
| Accounts payable and accrued expenses | $134,631 |
| Grants payable | $272,007 |
| 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 | $0 |
| Total liabilities | $406,638 |
| Net assets without donor restrictions | -$176,770 |
| Net assets with donor restrictions | $1,543,937 |
| 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 | $1,773,805 |
Grants Awarded
Over the last fiscal year, Resource Foundation Inc has awarded $106,570 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Federal Way, WA PURPOSE: WOMEN'S INITIATIVE PROGRAM IN SULA VALLEY, HONDURAS | $28,285 |
Federal Way, WA PURPOSE: WOMEN'S INITIATIVE PROGRAM IN SULA VALLEY, HONDURAS | $28,285 |
Chicago, IL PURPOSE: IMPROVING FOOD SECURITY ACROSS LATIN AMERICA | $25,000 |
Chicago, IL PURPOSE: IMPROVING FOOD SECURITY ACROSS LATIN AMERICA | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Resource Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Neels Family Foundation Inc Carmel, IN PURPOSE: SUPPORT PROGRAMS THAT HELP INCREASE SELF-RELIANCE & LIVING STANDARDS IN LATIN AMERICA | $10,000 |
Endowment Analysis
| Beg. Balance | $99,186 |
| Earnings | $21,167 |
| Ending Balance | $120,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Sustainable Communities Montpelier, VT | $7,463,052 | $8,536,862 |
Resource Foundation Inc New York, NY | $1,773,805 | $4,059,905 |
Vermont Afterschool Inc South Burlington, VT | $967,321 | $1,734,189 |
Wbcsd Us Inc New York, NY | $425,872 | $1,131,793 |
Mega-Cities Project Inc Nyack, NY | $33,109 | $0 |
Global Business & Technology Association Inc Huntington Station, NY | $34,205 | $0 |