Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
EIN 27-0493941 • 501(c)3 • Philadelphia, PA
Profile
Reuse center dedicated to promoting creative reuse, recycling and resource conservation by diverting valuable materials from the waste stream and redirecting them to artists, builders, educators and the general public.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
71st percentile
Higher debt load relative to assets than 71% of similar nonprofits.
Liabilities / Revenue
69th percentile
Higher debt load relative to revenue than 69% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 19.8% of source-year revenue.
Asset Growth
58th percentile
Faster asset growth than 58% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Assets
Down$132,100
Down $22,058 (-14%) from 2023
Liabilities
Down$3,502
Down $2,074 (-37%) from 2023
Net Assets
Down$128,598
Down $19,984 (-13%) from 2023
Revenue
Up$303,956
Up $4,230 (+1.4%) from 2023
Expenses
Up$323,940
Up $53,579 (+20%) from 2023
Net Income
Down-$19,984
Down $49,349 (-168%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
SEE ATTACHMENT 1
Reuse center dedicated to promoting creative reuse, recycling and resource conservation by diverting valuable materials from the waste stream and redirecting them to artists, builders, educators and the general public.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $125,699 | $122,100 | ▼ $3,599 |
| Total Assets | $154,158 | $132,100 | ▼ $22,058 |
| Other Assets Total | $28,459 | $10,000 | ▼ $18,459 |
| Liabilities | |||
| Other Liabilities | $5,576 | $3,502 | ▼ $2,074 |
| Total Liabilities | $5,576 | $3,502 | ▼ $2,074 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $148,582 | $128,598 | ▼ $19,984 |
| Total Net Assets Fund Balance | $148,582 | $128,598 | ▼ $19,984 |
| Total Liabilities and Net Assets / Fund Balance | $154,158 | $132,100 | ▼ $22,058 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $10,000 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Karyn Gerred | Executive Director CEO | FT | $47,168 | $47,168 |
| Name | Title |
|---|---|
| Allison Hoban | Board Chair |
| Flora Vassar | Board Secretary |
| Rob Williamson | Board Treasurer |
| Denise Gerred | Director |
| Dennis Madigan | Director |
| Erika Katz | Director |
| James Zwolak | Director |
| Joseph Whitfield | Program Staff |
| Rebecca Torres | Program Staff |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $180,931 |
| Other Expenses | $143,009 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $116,294 | - | - | $116,294 |
| Occupancy | $62,831 | $15,708 | - | $78,539 |
| Current Officers, Directors, Trustees, and Key Employees | - | $47,168 | - | $47,168 |
| Other Expenses | $18,459 | - | - | $18,459 |
| Payroll Taxes | $13,085 | $4,384 | - | $17,469 |
| Insurance | $11,648 | $2,912 | - | $14,560 |
| Fees for Services Accounting | - | $2,565 | - | $2,565 |
| Office Expenses | - | $1,965 | - | $1,965 |
| Information Technology | $446 | - | - | $446 |
| Advertising | $406 | - | - | $406 |
| Total Functional Expenses | $249,238 | $74,702 | $0 | $323,940 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Sales Tax Payable | $1,941 |
| Gift Cards Payable | $1,561 |
“The executive director / ceo, karyn gerred, and one of the directors, denise gerred, are siblings.”
“The form 990 will be completed annually and copies will be provided to the entire governing board as well as the president of the organization. At that time the president will review the form 990 with the treasurer. Any necessary changes will then be updated on the form. Once all necessary changes are made and the president is in agreement with the treasurer on the finished form 990, it will be signed by the treasurer, dated and submitted by the filing deadline. A copy of the approved form 990 will be provided to all of the officers, directors and trustees before the return is filed.”
“No part of the net earnings of the corporation shall inure to the benefit of, or be distributable to its any board member has a duty to disclose any actual or possible conflict of interest, the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.”
“Currently, the only board member receiving compensation is the executive director/ceo (karyn gerred). No compensation is planned for any of the other present board members, nor is any compensation planned for the near-future. Any compensation for board members must be voted on by all current board members and passed unanimously. Records of such approval will be recorded in the minutes of the board of directors meeting.”
“Currently, the only board member receiving compensation is the executive director/ceo (karyn gerred). No compensation is planned for any of the other present board members, nor is any compensation planned for the near-future. Any compensation for board members must be voted on by all current board members and passed unanimously. Records of such approval will be recorded in the minutes of the board of directors meeting.”
“All governing documents are available to the general public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | REUSE CENTER DEDICATED TO PROMOTING CREATIVE REUSE, RECYCLING AND RESOURCE CONSERVATION BY DIVERTING VALUABLE MATERIALS FROM THE WASTE STREAM AND REDIRECTING THEM TO ARTISTS, BUILDERS, EDUCATORS AND THE GENERAL PUBLIC. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 406 |
| IRS990/AllOtherContributionsAmt | 0 | 9142 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | KARYN GERRED |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2673499220 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1800 N AMERICAN STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | PHILADELPHIA |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 19122 |
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| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | WE HAVE CHANNELED LOW COST, RECLAIMED MATERIALS INTO THEATRE AND FILM PRODUCTIONS, PUBLIC ART INSTALLATIONS, INDIVIDUAL ARTIST WORKS, COMMUNITY GARDENS, OUTDOOR CLASSROOMS AND GREEN BUILDING PROJECTS. SINCE 2009 THE ORGANIZATION HAS KEPT OVER 2 MILLION POUNDS OUT OF PHILADELPHIA LANDFILLS AND INCINERATORS. WE HOST MONTHLY MEETINGS AND PROMOTE LOCAL ARTIST WORKS IN THE GALLERY. |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 2565 |
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| IRS990/ForeignFinancialAccountInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PROGRAM STAFF |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | PROGRAM STAFF |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2009 |
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| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 8 |
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| IRS990/MissionDesc | 0 | REUSE CENTER DEDICATED TO PROMOTING CREATIVE REUSE, RECYCLING AND RESOURCE CONSERVATION BY DIVERTING VALUABLE MATERIALS FROM THE WASTE STREAM AND REDIRECTING THEM TO ARTISTS, BUILDERS, EDUCATORS AND THE GENERAL PUBLIC. |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 10000 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
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| IRS990/OtherExpensesGrp/Desc | 3 | CAPITAL EXPENSES |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 278240 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 54023 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 25521 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 89042 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56120 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | GIFT CARDS PAYABLE |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE EXECUTIVE DIRECTOR / CEO, KARYN GERRED, AND ONE OF THE DIRECTORS, DENISE GERRED, ARE SIBLINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD AS WELL AS THE PRESIDENT OF THE ORGANIZATION. AT THAT TIME THE PRESIDENT WILL REVIEW THE FORM 990 WITH THE TREASURER. ANY NECESSARY CHANGES WILL THEN BE UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT IS IN AGREEMENT WITH THE TREASURER ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE TREASURER, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL OF THE OFFICERS, DIRECTORS AND TRUSTEES BEFORE THE RETURN IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO PART OF THE NET EARNINGS OF THE CORPORATION SHALL INURE TO THE BENEFIT OF, OR BE DISTRIBUTABLE TO ITS ANY BOARD MEMBER HAS A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CURRENTLY, THE ONLY BOARD MEMBER RECEIVING COMPENSATION IS THE EXECUTIVE DIRECTOR/CEO (KARYN GERRED). NO COMPENSATION IS PLANNED FOR ANY OF THE OTHER PRESENT BOARD MEMBERS, NOR IS ANY COMPENSATION PLANNED FOR THE NEAR-FUTURE. ANY COMPENSATION FOR BOARD MEMBERS MUST BE VOTED ON BY ALL CURRENT BOARD MEMBERS AND PASSED UNANIMOUSLY. RECORDS OF SUCH APPROVAL WILL BE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CURRENTLY, THE ONLY BOARD MEMBER RECEIVING COMPENSATION IS THE EXECUTIVE DIRECTOR/CEO (KARYN GERRED). NO COMPENSATION IS PLANNED FOR ANY OF THE OTHER PRESENT BOARD MEMBERS, NOR IS ANY COMPENSATION PLANNED FOR THE NEAR-FUTURE. ANY COMPENSATION FOR BOARD MEMBERS MUST BE VOTED ON BY ALL CURRENT BOARD MEMBERS AND PASSED UNANIMOUSLY. RECORDS OF SUCH APPROVAL WILL BE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ALL GOVERNING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Officer directors etc family relationship Part VI line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Governing documents etc available to public Part VI line 19 |
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| IRS990/USAddress/CityNm | 0 | PHILADELPHIA |
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| IRS990/WebsiteAddressTxt | 0 | WWW.THERESOURCEEXCHANGE.ORG |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROB WILLIAMSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE RESOURCE EXCHANGE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RESO |
| ReturnHeader/Filer/EIN | 0 | 270493941 |
| ReturnHeader/Filer/InCareOfNm | 0 | % ROB WILLIAMSON |
| ReturnHeader/Filer/PhoneNum | 0 | 2679970060 |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Frankford Tax Professionals LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2424 E York St Unit 327 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Philadelphia |
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| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 19125 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2679084882 |
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