Resource Exchange International Inc
- Assets
- $1.6m
- Revenue
- $2.7m
- Investments
- $844.6k
- Employees
- 35
- Location
- Colorado Springs, CO
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 59-3043334
Organization Overview
Resource Exchange International Inc is located in Colorado Springs, CO. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Resource Exchange International Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resource Exchange International 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 Exchange International Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 7 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
TO ENGAGE, ENCOURAGE, EQUIP, AND EMPOWER PEOPLE TO STRENGTHEN THE STRATEGIC SECTORS OF THEIR EMERGING NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ONLINE/VIRTUAL EDUCATION AND TRAINING TO INDIVIDUALS IN DEVELOPING AND EMERGING SOCIETIES TO STRENGTHEN THEIR CAPABILITIES AND HELP THEM BUILD THEIR NATIONS, ENCOURAGING AND FACILITATING INTERNATIONAL ECONOMIC DEVELOPMENT AND CROSS-CULTURAL EXCHANGE, AND PROMOTING INTERNATIONAL GOODWILL AND UNDERSTANDING THROUGH TECHNICAL, EDUCATIONAL, AND CULTURAL EXCHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Smidt Treasurer/vice President-A | Officer | 40 | $72,116 |
Kenneth Erdmann President | OfficerTrustee | 40 | $64,585 |
Brian Teel Vice President Senior | Officer | 40 | $38,776 |
Paul Yankey Vice Chairman | OfficerTrustee | 2 | $0 |
Ken Gray Chairman | OfficerTrustee | 2 | $0 |
Brent Senior 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 | $2,669,556 |
| Noncash contributions included in lines 1a–1f | $19,371 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,669,556 |
| Total Program Service Revenue | $0 |
| Investment income | $16,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,699,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,596 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $222,177 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,608 |
| Compensation of current officers, directors, key employees. | $20,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $237,459 |
| Payroll taxes | $67,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,205 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $292 |
| Advertising and promotion | $32,424 |
| Office expenses | $50,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,824 |
| Travel | $183,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,512 |
| Interest | $85 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,480 |
| Insurance | $21,854 |
| All other expenses | $0 |
| Total functional expenses | $2,351,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,256 |
| Savings and temporary cash investments | $497,420 |
| Pledges and grants receivable | $145,040 |
| 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 | $31,974 |
| Net Land, buildings, and equipment | $5,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $844,562 |
| Investments—program-related | $0 |
| Intangible assets | $748 |
| Other assets | $0 |
| Total assets | $1,558,644 |
| Accounts payable and accrued expenses | $39,848 |
| 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 | $6,493 |
| Total liabilities | $46,341 |
| Net assets without donor restrictions | $632,729 |
| Net assets with donor restrictions | $879,574 |
| 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 | $1,558,644 |
Grants Awarded
Over the last fiscal year, Resource Exchange International Inc has awarded $23,805 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ellerslie, GA PURPOSE: ADMINISTRATION OF FUNDS TO ON-GOING PROGRAMS | $15,645 |
Colorado Springs, CO PURPOSE: ADMINISTRATION OF FUNDS TO ON-GOING PROGRAMS | $8,160 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Resource Exchange International Inc has recieved totaling $249,031.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $59,105 |
American Endowment Foundation Hudson, OH PURPOSE: INTERNATIONAL | $52,650 |
The New Horizons Foundation Inc Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $34,900 |
Boyd And Joan Kelley Charitable Foundation Wichita Falls, TX PURPOSE: OPERATIONS | $34,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $30,450 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
English Language Institute In China Fort Collins, CO | $10,835,190 | $18,809,399 |
Doterra Healing Hands Foundation Pleasant Grove, UT | $7,231,777 | $11,842,718 |
Reach Now International Inc Tulsa, OK | $23,892 | $8,518,045 |
Esperanca Inc Phoenix, AZ | $5,441,350 | $6,254,159 |
Engineers Without Borders Usa Inc Denver, CO | $11,070,406 | $9,132,500 |
Bridges To Prosperity Inc Denver, CO | $3,237,840 | $5,375,826 |
Blessings International Broken Arrow, OK | $7,020,981 | $3,899,748 |
World Neighbors Inc Oklahoma City, OK | $13,374,018 | $3,387,870 |
Center For Humanitarian Outreach And Intercultural Exchange West Jordan, UT | $2,351,499 | $3,610,441 |
Resource Exchange International Inc Colorado Springs, CO | $1,558,644 | $2,699,070 |
Mountainchild Inc Parker, CO | $2,969,952 | $2,168,702 |
Womens International Network For Guatemalan Solutions Inc Pueblo, CO | $1,992,400 | $1,829,087 |