Civic Intelligence

The Resource Exchange

990EZ • Fiscal year 2020 • EIN 27-0493941

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 26, 2021

1114 N 4th St Ste APhiladelphia, PA 19123

(267) 349-9220

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.26x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.20x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-13%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$40,572

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 30.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

56th percentile

8.4%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-22%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$99,061

Up $7,683 (+8.4%) from 2019

Net Assets

Down

$72,898

Down $17,283 (-19%) from 2019

Liabilities

Up

$26,163

Up $24,966 (+2086%) from 2019

Revenue

Down

$132,145

Down $36,963 (-22%) from 2019

Expenses

Down

$149,428

Down $43,382 (-22%) from 2019

Net Income

Up

-$17,283

Up $6,419 (+27%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2017: $118,460Liabilities 2017: $1,113Net Assets 2017: $117,3472017Assets 2018: $115,225Liabilities 2018: $1,342Net Assets 2018: $113,8832018Assets 2019: $91,378Liabilities 2019: $1,197Net Assets 2019: $90,1812019Assets 2020: $99,061Liabilities 2020: $26,163Net Assets 2020: $72,8982020Assets 2021: $117,595Liabilities 2021: $7,738Net Assets 2021: $109,8572021Assets 2022: $125,956Liabilities 2022: $6,739Net Assets 2022: $119,2172022Assets 2023: $154,158Liabilities 2023: $5,576Net Assets 2023: $148,5822023Assets 2024: $132,100Liabilities 2024: $3,502Net Assets 2024: $128,5982024

Highlighted filing

2020

Assets$99,061
Liabilities$26,163
Net Assets$72,898

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2017: $172,716Expenses 2017: $175,809Net Income 2017: -$3,0932017Revenue 2018: $187,327Expenses 2018: $190,791Net Income 2018: -$3,4642018Revenue 2019: $169,108Expenses 2019: $192,810Net Income 2019: -$23,7022019Revenue 2020: $132,145Expenses 2020: $149,428Net Income 2020: -$17,2832020Revenue 2021: $221,353Expenses 2021: $184,394Net Income 2021: $36,9592021Revenue 2022: $231,818Expenses 2022: $222,458Net Income 2022: $9,3602022Revenue 2023: $299,726Expenses 2023: $270,361Net Income 2023: $29,3652023Revenue 2024: $303,956Expenses 2024: $323,940Net Income 2024: -$19,9842024

Highlighted filing

2020

Revenue$132,145
Expenses$149,428
Net Income-$17,283
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 26, 2021
Return Version
2020v4.1
Gross Receipts
$132,145
Mission and Program Overview

Mission

SEE ATTACHMENT 1

Program Services

DescriptionGrantsExpenses
SEE ATTACHMENT 2$45,986$149,427
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KARYN GERREDExecutive Director CEOFT$40,572-$40,572
BRITTANY SWEIGARTProgram StaffFT$17,332-$17,332
GENEVIEVE S DEGROOTProgram StaffPT$10,436-$10,436
ANGELA L HEAPSProgram StaffPT$8,356-$8,356
EILEEN L DOYLEProgram StaffPT$3,460-$3,460
KATE QUINNBoard Chair-$0--
ROB WILLIAMSONBoard Treasurer-$0--
FLORA VASSARBoard Secretary-$0--
ERIKA KATZDirector-$0--
DENNIS MADIGANDirectorPT$0--
KRISTEN FINCHDirector-$0--
DENISE GERREDDirector-$0--
JAMES ZWOLAKDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Resource Exchange
EIN
27-0493941
Address
1114 N 4TH ST STE A, PHILADELPHIA, PA 19123

Signing Officer

Name
Karyn Gerred
Title
Executive Direc
Phone
2679970060
Signed
2021-07-26
Discuss with paid preparer
Yes

Preparer

Firm
Frankford Tax Professionals LLC
Address
2424 E York St Unit 327, Philadelphia, PA 19125
Preparer
Walter A Musial CPA
Phone
2679084882
Supplemental Narrative

Additional Explanations

General explanation attachment

Part iii - organizations primary purposethe resource exchange is a nonprofit 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. Part iii, line 28we have channeled low cost, reclaimed materials into theatre and film productions, public art installations, individual artis 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.

Description of other expenses Part I line 16

Description AmountPAYROLL TAXES 6,965PAYROLL SERVICE FEES 4,190INSURANCE - WORKERS COMP 319MERCHANT FEES 2,206ADVERTISING 153

Description of other assets Part II line 24

Category Beginning of Year End of YearNET LEASEHOLD IMPROVEMENTS 7,176 7,176SECURITY DEPOSIT 10,000 10,000

Description of total liabilities Part II line 26

Category Beginning of Year End of YearSALES TAX PAYABLE 1,197 563REFUNDABLE ADVANCE - PPP LOAN 0 25,600

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART III - ORGANIZATIONS PRIMARY PURPOSETHE RESOURCE EXCHANGE IS A NONPROFIT 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. PART III, LINE 28WE HAVE CHANNELED LOW COST, RECLAIMED MATERIALS INTO THEATRE AND FILM PRODUCTIONS, PUBLIC ART INSTALLATIONS, INDIVIDUAL ARTIS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountPAYROLL TAXES 6,965PAYROLL SERVICE FEES 4,190INSURANCE - WORKERS COMP 319MERCHANT FEES 2,206ADVERTISING 153
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Category Beginning of Year End of YearNET LEASEHOLD IMPROVEMENTS 7,176 7,176SECURITY DEPOSIT 10,000 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearSALES TAX PAYABLE 1,197 563REFUNDABLE ADVANCE - PPP LOAN 0 25,600
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
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