Civic Intelligence

Re Source Global

990 • Fiscal year 2020 • EIN 27-3431475

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 14, 2021

Organization Profilewww.resourceglobal.org
3520 S Morgan Street 102Chicago, IL 60609

(773) 519-8287

Siviq Scores

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

Liabilities / Assets

96th percentile

1.51x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

0.60x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$126,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

$314,293

No earlier filing loaded for comparison.

Net Assets

-$160,753

No earlier filing loaded for comparison.

Liabilities

$475,046

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin12th percentile

Revenue

$789,571

No earlier filing loaded for comparison.

Expenses

$1,026,418

No earlier filing loaded for comparison.

Net Income

-$236,847

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2020: $314,293Liabilities 2020: $475,046Net Assets 2020: -$160,7532020Assets 2021: $454,295Liabilities 2021: $863,014Net Assets 2021: -$408,7192021Assets 2022: $290,160Liabilities 2022: $1,254,817Net Assets 2022: -$964,6572022Assets 2024: $163,336Liabilities 2024: $1,254,338Net Assets 2024: -$1,091,0022024

Highlighted filing

2020

Assets$314,293
Liabilities$475,046
Net Assets-$160,753
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $789,571Expenses 2020: $1,026,418Net Income 2020: -$236,8472020Revenue 2021: $1,170,852Expenses 2021: $1,418,818Net Income 2021: -$247,9662021Revenue 2022: $950,832Expenses 2022: $1,442,322Net Income 2022: -$491,4902022Revenue 2024: $2,071,830Expenses 2024: $2,151,554Net Income 2024: -$79,7242024

Highlighted filing

2020

Revenue$789,571
Expenses$1,026,418
Net Income-$236,847
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 14, 2021
Return Version
2020v4.0
Gross Receipts
$789,571
Mission and Program Overview

Mission

The mission of Resource Global is to strategically invest (financially and with human capital) into initiatives advancing the Gospel locally and around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$175,276$312,429▲ $137,153
Other Notes and Loans Receivable, Net$108,000$0▼ $108,000
Loans From Officers Directors-$37,274-
Receivables From Officers Etc$3,257$1,664▼ $1,593
Accounts Receivable-$200-
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$297,965$314,293▲ $16,328
Other Assets Total$11,432$0▼ $11,432
Liabilities
Escrow Account Liability$41,786$184,053▲ $142,267
Mortgage Notes Payable Secured by Investment Property-$150,000-
Unsecured Notes Loans Payable$125,440$92,150▼ $33,290
Accounts Payable and Accrued Expenses$54,645$11,569▼ $43,076
Total Liabilities$221,871$475,046▲ $253,175
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,000--
Net Assets Without Donor Restrictions$71,094$-160,753▼ $231,847
Total Net Assets Fund Balance$76,094$-160,753▼ $236,847
Total Liabilities and Net Assets / Fund Balance$297,965$314,293▲ $16,328

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,846$3,846
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tommy LeeExecutive DirectorFT$126,000$126,000

Board Members and Trustees

NameTitle
William AdjeiChairman
Andrew KamauDirector
Julia MulliganDirector
May LumDirector
Tony ChenDirector
Wayne PetersonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$618,444
Program Service Revenue
$168,980
Investment Income
$126
Other Revenue
$2,021
All Other Contributions
$618,444
Change in Net Assets
$-236,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$540,338
Salaries, Compensation, and Employee Benefits$486,080
Total Fundraising Expense$22,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$318,143$3,697$3,697$325,537
Current Officers, Directors, Trustees, and Key Employees$100,800$12,600$12,600$126,000
Other Expenses$45,464$188,000-$45,464
All Other Expenses$24,920$9,308$4,484$38,712
Payroll Taxes$34,227$158$158$34,543
Travel$10,108$561$562$11,231
Office Expenses$7,825$371$371$8,567
Occupancy$2,302$128$128$2,558
Advertising$1,509--$1,509
Conferences and Meetings$953--$953
Total Functional Expenses$786,145$218,273$22,000$1,026,418
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$37,274-
Receivables from Officers, Directors, Trustees, and Key Employees$3,257$1,664▼ $1,593
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the officers prior to submittal.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each Director is required to submit a written statement declaring whether he/she has any known conflicts of interest. Also, each Board member is required to notify the other Board members should a previously undeclared conflict of interest arise.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation of key employees is reviewed by the Board on an annual basis.”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“A complete copy of form 990 and the audit report is posted on the web-site of the Illinois Attorney General; which is open to the general public.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Disclosure of governing documents, policies, and financial statements is made available to the general public upon written request.”

Filing and Contact Details

Filer

Filer Name
Resource Global
EIN
27-3431475
Phone
7735198287
Address
3520 S MORGAN STREET 102, CHICAGO, IL 60609

Signing Officer

Name
Tommy Lee
Title
Executive Director
Signed
2021-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Jao
Formed
2011
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
9

Preparer

Firm
James M Babic PC
Address
6414 Sinclair Ave, Berwyn, IL 60402
Preparer
James M Babic CPA
Phone
7087497030
Supplemental Narrative

Financial Statement Notes

Part IV, Line 2B: Explanation of escrow account liability

“Resource Global acted as the fiscal agent for the Lausanne Orthodox Initiative and Pray Chicago during the year ended December 31, 2018. Accordingly, revenues and expenses related to these entities are not included in the statement of activities and net assets of Resource Global. Resource Global recognized $2,366 of fiscal management fees for services provided to these entities for the year ended December 31, 2108.”

Part X : FIN48 Footnote

“Resource Global is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code. Contributions to Re:Source Global qualify as charitable contributions under Section 170(b)(1)(A). Re:Source Global is classified as an organization that is not a private foundation under Section 509(a)(2). Resource Global's management has determined that FASB ASC 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to Resource Global's tax-exempt status.”

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IRS990/Desc0Resource 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 VisionResource 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 GoalOur 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 MethodResource 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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IRS990/PrincipalOfficerNm0Greg Jao
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IRS990/ProgramServiceRevenueGrp/Desc0Conference registrations
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120084
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0618444
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0468404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0464657
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0101
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt070
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03399
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0348721
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.75350
IRS990ScheduleA/PublicSupportPY170Pct00.76280
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IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02602664
IRS990ScheduleA/TotalSupportAmt02606063
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt03846
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03846
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Resource Global acted as the fiscal agent for the Lausanne Orthodox Initiative and Pray Chicago during the year ended December 31, 2018. Accordingly, revenues and expenses related to these entities are not included in the statement of activities and net assets of Resource Global. Resource Global recognized $2,366 of fiscal management fees for services provided to these entities for the year ended December 31, 2108.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Resource Global is exempt from federal taxes under Section 501(c)3 of the Internal Revenue Code. Contributions to Re:Source Global qualify as charitable contributions under Section 170(b)(1)(A). Re:Source Global is classified as an organization that is not a private foundation under Section 509(a)(2). Resource Global's management has determined that FASB ASC 740-10, which addresses accounting for uncertainty in income taxes, has no effect on its financial statements due to Resource Global's tax-exempt status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b: Explanation of escrow account liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Expense advances
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Create Possible
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Owned by Ex Dir
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0As of December 31, 2018 and December 31, 2017 Resource Global was owed $15,226 and $20,606, respectively, for advances to a for-profit entity that is entirely owned by the Executive Director of Resource Global. The advances are unsecured and non-interest bearing.During the years 2018 and 2017 Resource Global's primary office space was provided by this for-profit entity on a rent-free basis. The financial statements do not include an in-kind provision for the use of this office space.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990ScheduleL/TotalBalanceDueAmt037274
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the officers prior to submittal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each Director is required to submit a written statement declaring whether he/she has any known conflicts of interest. Also, each Board member is required to notify the other Board members should a previously undeclared conflict of interest arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation of key employees is reviewed by the Board on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A complete copy of form 990 and the audit report is posted on the web-site of the Illinois Attorney General; which is open to the general public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Disclosure of governing documents, policies, and financial statements is made available to the general public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt0314293
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IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt022000
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0218273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0786145
IRS990/TotalFunctionalExpensesGrp/TotalAmt01026418
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0221871

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$314,293
Liabilities
$475,046
Net assets
-$160,753
Revenue
$789,571
Expenses
$1,026,418
Net income
-$236,847
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$1.25$1.09$2.07$2.15$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$1.25$0.96$0.95$1.44$0.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.86$0.41$1.17$1.42$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.48$0.16$0.79$1.03$0.24