The Surplus Exchange
- Assets
- $451.1k
- Revenue
- $812.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 07/1985
- Data as of
- 12/2018
- EIN
- 43-1328139
Organization Overview
The Surplus Exchange is located in Kansas City, MO. The organization was established in 1985. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. Surplus 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 12/2018, Surplus Exchange generated $812.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO DIVERT ELECTRONICS AND COMMERCIAL FURNITURE FROM LANDFILLS THROUGH REUSE AND RESPONSIBLE RECYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF RECYCLED ELECTRONICS, FURNITURE, AND OTHER MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Borkowski Director Of Operations - ( | Officer | 40 | $0 |
Jessica Merrigan Co - Chairman | Trustee | 1 | $0 |
Natalie Orrison Treasurer | Trustee | 1 | $0 |
Vondell Smith Director | Trustee | 1 | $0 |
Ed Carey Secretary | Trustee | 1 | $0 |
Jim Campbell Director | Trustee | 1 | $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 | $376,681 |
| Noncash contributions included in lines 1a–1f | $374,144 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $376,681 |
| Total Program Service Revenue | $426,879 |
| Investment income | $94 |
| 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 | $812,302 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,936 |
| Other employee benefits | $19,903 |
| Payroll taxes | $27,555 |
| Fees for services: Management | $277,319 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,525 |
| Advertising and promotion | $2,424 |
| Office expenses | $7,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,065 |
| Travel | $1,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,322 |
| Insurance | $21,079 |
| All other expenses | $22,386 |
| Total functional expenses | $1,029,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,557 |
| Savings and temporary cash investments | $2,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $134,496 |
| Prepaid expenses and deferred charges | $2,307 |
| Net Land, buildings, and equipment | $264,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,054 |
| Accounts payable and accrued expenses | $1,415 |
| 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 | $11,415 |
| Total liabilities | $12,830 |
| Unrestricted restricted net Assets | $438,224 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $438,224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evanston Rebuilding Warehouse Evanston, IL | $1,362,775 | $2,235,317 |
Bridging The Gap Inc Kansas City, MO | $2,728,222 | $2,269,512 |
The Surplus Exchange Kansas City, MO | $451,054 | $812,302 |
Resource Center Chicago, IL | $249,771 | $789,572 |
Northwest Arkansas Land Trust Fayetteville, AR | $7,355,206 | $5,339,636 |
Western Resources Group Inc Ogallala, NE | $1,275,170 | $443,398 |
Scraps Kc Inc Kansas City, MO | $255,046 | $528,626 |
Southern Conservation Corp Mcminnville, TN | $13,956,933 | $435,607 |
Asphalt Recycling And Reclaiming Association Glen Ellyn, IL | $698,700 | $417,022 |
Reuse It Center Inc Mcpherson, KS | $667,746 | $283,256 |
Kc Can Compost Kansas City, MO | $154,969 | $353,324 |
Electronic Synergy Foundation Tulsa, OK | $0 | $302,479 |