Re Source Global
- Assets
- $218.5k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Chicago, IL
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 27-3431475
Organization Overview
Re Source Global is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Re Source Global employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re Source Global 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 12/2023, Re Source Global generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 20.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF RESOURCE GLOBAL IS TO STRATEGICALLY INVEST (FINANCIALLY AND WITH HUMAN CAPITAL) INTO INITIATIVES ADVANCING THE GOSPEL LOCALLY AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESOURCE GLOBAL IS REDEFINING INTERNATIONAL PHILANTHROPY BY ENGAGING COMMUNITIES, IDENTIFYING AND ANALYZING THEIR NEEDS AND UNITING MINISTRY PARTNERS AND FUNDERS TO CREATE LONG-TERM SOLUTIONS.OUR VISION - RESOURCE GLOBAL HAS A VISION TO SEE COMMUNITY NEEDS IDENTIFIED, ANALYZED AND THEN SUPPORTED BY MINISTRIES IN THE COMMUNITY WHO COLLABORATIVELY UNITE THEIR EXPERTISE AND RESOURCES FOR THE SAKE OF THE GOSPEL.OUR GOAL - OUR LONG-TERM GOAL IS THAT THROUGH THE COACHING OF RE:SOURCE GLOBALS STAFF AND ADVOCATES, MINISTRIES WILL BEGIN TO CREATE MODELS THAT WORK IN EACH SPECIFIC REGION AND UNIQUE CULTURE OF THE WORLD. WE BELIEVE THAT THESE MODELS WILL HAVE AN IMPACT ON INTERNATIONAL DEVELOPMENT AND PHILANTHROPY, AS IT CREATES A NEW METHOD FOR HOW THE CHURCH WILL SERVE COMMUNITIES AROUND THE WORLD.OUR METHOD - RESOURCE GLOBAL HAS DEVELOPED COMMUNITY ANALYSIS CRITERIA THAT ALLOWS US TO BETTER UNDERSTAND THE UNIQUE FOOTPRINT OF A COMMUNITY. THROUGH THESE TOOLS AND RELATIONSHIPS WITH INDIGENOUS LEADERS, RE:SOURCE GLOBAL WILL SERVE AS THE RESOURCE MANAGER AND PARTNER MEDIATOR TO HELP SHAPE GOALS, DETERMINE THE DISPERSION OF RESOURCES TOWARDS THOSE GOALS, AND ENSURE THAT ALL PARTNERS RECEIVE NECESSARY CAPACITY BUILDING WHERE NEEDED. FURTHER, WE CREATE PARTNERSHIPS WITH INDIGENOUS MINISTRIES AND ORGANIZATIONS THAT ARE LIKE-MINDED AND ARE WORKING TOWARDS SPECIFIC ISSUES. THERE ARE OFTEN A NUMBER OF MINISTRIES AND ORGANIZATIONS WORKING TOWARD THE SAME GOAL; RESOURCE GLOBAL HOPES TO CREATE PARTNERSHIPS AMONG THESE ENTITIES IN ORDER TO CREATE A GREATER IMPACT ON THE ISSUE BEING ADDRESSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Lee Executive Dir. | Officer | 40 | $118,500 |
Elmer Huh Chairman | OfficerTrustee | 1 | $0 |
Tricia Felice Vice Chair | OfficerTrustee | 1 | $0 |
May Lum Vice Chair | OfficerTrustee | 1 | $0 |
Tony Chen Director | Trustee | 1 | $0 |
Andrew Kamau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,055,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,481,296 |
| Total Program Service Revenue | $128,662 |
| Investment income | $12 |
| 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 | $1,626,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,898 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $251,778 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,500 |
| Compensation of current officers, directors, key employees. | $11,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,888 |
| Payroll taxes | $46,921 |
| Fees for services: Management | $1,200 |
| Fees for services: Legal | $2,998 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,417 |
| Advertising and promotion | $3,356 |
| Office expenses | $13,506 |
| Information technology | $16,870 |
| Royalties | $0 |
| Occupancy | $2,022 |
| Travel | $161,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,636 |
| Interest | $23,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,106 |
| Insurance | $879 |
| All other expenses | $20,985 |
| Total functional expenses | $1,672,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,266 |
| Savings and temporary cash investments | $7,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,500 |
| 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 | $4,000 |
| Net Land, buildings, and equipment | $4,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $218,500 |
| Accounts payable and accrued expenses | $118,687 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $491,866 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $57,211 |
| Secured mortgages and notes payable | $512,014 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $1,229,778 |
| Net assets without donor restrictions | -$1,011,278 |
| 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 | $218,500 |
Grants Awarded
Over the last fiscal year, Re Source Global has awarded $25,848 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPUS OUTREACH SERVE PURPOSE: SUPPORT SERVICES | $5,522 |
NOTHERN SEMINARY PURPOSE: SUPPORT SERVICES | $9,326 |
URBAN VOICE PURPOSE: SUPPORT SERVICES | $11,000 |