Civic Intelligence

Resources Exchange Association

990 • Fiscal year 2020 • EIN 54-1297868

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileRESOURCESEXCHANGEASSOCIATION.ORG
PO Box 5008Burlington, NC 27216-5008

(336) 227-0000

Siviq Scores

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

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

30th percentile

0.18x

Higher debt load relative to revenue than 30% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$58,508

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

54th percentile

8.5%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$26,229,557

Up $2,054,306 (+8.5%) from 2019

Net Assets

Up

$25,577,676

Up $1,944,509 (+8.2%) from 2019

Liabilities

Up

$651,881

Up $109,797 (+20%) from 2019

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin92nd percentile

Revenue

Up

$3,648,754

Up $969,855 (+36%) from 2019

Expenses

Down

$1,704,245

Down $287,453 (-14%) from 2019

Net Income

Up

$1,944,509

Up $1,257,308 (+183%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$80M$60M$40M$20M$0Assets 2010: $65,639,033Liabilities 2010: $531,247Net Assets 2010: $65,107,7862010Assets 2011: $13,264,594Liabilities 2011: $723,040Net Assets 2011: $12,541,5542011Assets 2012: $15,283,527Liabilities 2012: $614,128Net Assets 2012: $14,669,3992012Assets 2013: $17,703,313Liabilities 2013: $719,847Net Assets 2013: $16,983,4662013Assets 2014: $19,754,193Liabilities 2014: $692,617Net Assets 2014: $19,061,5762014Assets 2015: $22,404,149Liabilities 2015: $594,816Net Assets 2015: $21,809,3332015Assets 2016: $23,578,974Liabilities 2016: $591,083Net Assets 2016: $22,987,8912016Assets 2017: $22,091,680Liabilities 2017: $575,681Net Assets 2017: $21,515,9992017Assets 2018: $23,478,334Liabilities 2018: $532,368Net Assets 2018: $22,945,9662018Assets 2019: $24,175,251Liabilities 2019: $542,084Net Assets 2019: $23,633,1672019Assets 2020: $26,229,557Liabilities 2020: $651,881Net Assets 2020: $25,577,6762020Assets 2021: $22,339,701Liabilities 2021: $164,330Net Assets 2021: $22,175,3712021Assets 2022: $24,186,239Liabilities 2022: $264,048Net Assets 2022: $23,922,1912022Assets 2023: $26,440,362Liabilities 2023: $143,499Net Assets 2023: $26,296,8632023Assets 2024: $30,676,111Liabilities 2024: $137,545Net Assets 2024: $30,538,5662024

Highlighted filing

2020

Assets$26,229,557
Liabilities$651,881
Net Assets$25,577,676
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,306,4392010Expenses 2011: $1,346,1882011Expenses 2012: $1,812,6712012Revenue 2013: $4,076,118Expenses 2013: $1,762,051Net Income 2013: $2,314,0672013Revenue 2014: $3,490,580Expenses 2014: $1,412,470Net Income 2014: $2,078,1102014Revenue 2015: $4,476,187Expenses 2015: $1,728,430Net Income 2015: $2,747,7572015Revenue 2016: $3,243,954Expenses 2016: $2,065,396Net Income 2016: $1,178,5582016Revenue 2017: $463,631Expenses 2017: $1,935,523Net Income 2017: -$1,471,8922017Revenue 2018: $3,402,762Expenses 2018: $1,972,795Net Income 2018: $1,429,9672018Revenue 2019: $2,678,899Expenses 2019: $1,991,698Net Income 2019: $687,2012019Revenue 2020: $3,648,754Expenses 2020: $1,704,245Net Income 2020: $1,944,5092020Revenue 2021: -$1,606,035Expenses 2021: $1,796,272Net Income 2021: -$3,402,3072021Revenue 2022: $3,627,741Expenses 2022: $2,069,624Net Income 2022: $1,558,1172022Revenue 2023: $4,237,333Expenses 2023: $2,283,564Net Income 2023: $1,953,7692023Revenue 2024: $6,847,867Expenses 2024: $2,606,165Net Income 2024: $4,241,7022024

Highlighted filing

2020

Revenue$3,648,754
Expenses$1,704,245
Net Income$1,944,509
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$10,213,313
Mission and Program Overview

Mission

Serve as a consuit for surplus inventory donantions and provide them to 501(c)(3) organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$23,500,000$25,350,000▲ $1,850,000
Land, Buildings, and Equipment, Net$529,020$516,290▼ $12,730
Cash and Non-Interest-Bearing Accounts$146,231$363,267▲ $217,036
Loans From Officers Directors$143,840$138,255▼ $5,585
Total Assets$24,175,251$26,229,557▲ $2,054,306
Liabilities
Mortgage Notes Payable Secured by Investment Property$370,851$360,482▼ $10,369
Other Liabilities$27,393$153,144▲ $125,751
Total Liabilities$542,084$651,881▲ $109,797
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,633,167$25,577,676▲ $1,944,509
Total Net Assets Fund Balance$23,633,167$25,577,676▲ $1,944,509
Total Liabilities and Net Assets / Fund Balance$24,175,251$26,229,557▲ $2,054,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,961$176,954$549,915
Equipment$35,434$101,837$137,271
Land$107,895-$107,895
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseTotal
C R ShepherdPresidentFT$58,508$58,508
Tim ShepherdSenior VPFT$55,604$55,604
Susan WrightSec/treasureFT$32,234$32,234
Revenue and Support

Revenue Composition

Contributions and Grants
$8,144,385
Program Service Revenue
$0
Investment Income
$332
Other Revenue
$-4,495,963
All Other Contributions
$8,144,385
Change in Net Assets
$1,944,509

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table19$6,747,385
Food Inventory2$1,394,000
Total Noncash Contributions21$8,141,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$994,445
Salaries, Compensation, and Employee Benefits$709,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$463,735$210,005-$673,740
Occupancy$312,606$5,835-$318,441
All Other Expenses$113,919$27,867-$141,786
Other Expenses$63,257$259-$63,257
Payroll Taxes$24,820$11,240-$36,060
Interest$24,349$1,282-$25,631
Insurance$22,022$1,915-$23,937
Depreciation Depletion$21,414--$21,414
Fees for Services Accounting$6,350$3,175-$9,525
Office Expenses$4,926$1,232-$6,158
Total Functional Expenses$1,441,435$262,810$0$1,704,245
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$143,840$138,255▼ $5,585
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan Proceeds$146,300
Security Deposit$4,921
Payroll Withholding$1,923
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI

“No material differences in voting rights”

Form 990, Page 6, Part VI, Line 11B

“990 provided to directors prior to filing”

Form 990, Page 6, Part VI, Line 19

“Available upon request in hard copy”

Filing and Contact Details

Filer

Filer Name
Resources Exchange Association
EIN
54-1297868
Phone
3362270000
Address
PO BOX 5008, BURLINGTON, NC 27216-5008

Signing Officer

Name
C R Shepherd
Title
President
Phone
3362270000
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C R Shepherd
Legal Domicile
Va
Voting Board Members
3
Independent Board Members
0
Employees
27

Preparer

Firm
Dave C Dillard Pa CPA
Address
704 W HARDEN ST, GRAHAM, NC 27253-2160
Preparer
Dave C Dillard CPA
Phone
3362265195
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Serve as a conduit for surplus inventory”

Raw XML Appendix365 raw XML fields

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/GrantToRelatedPersonInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc1OTHER TAXES
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICES
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0107895
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0146300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN PROCEEDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL WITHHOLDING
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0516290
IRS990ScheduleD/TotalLiabilityAmt0153144
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0138255
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0170000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0LOAN FROM C R SHEPHERD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt0138255
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt02
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt01394000
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt019
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt06747385
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SERVE AS A CONDUIT FOR SURPLUS INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO MATERIAL DIFFERENCES IN VOTING RIGHTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 PROVIDED TO DIRECTORS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST IN HARD COPY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024175251
IRS990/TotalAssetsEOYAmt026229557
IRS990/TotalAssetsGrp/BOYAmt024175251
IRS990/TotalAssetsGrp/EOYAmt026229557
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08144385
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0262810
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01441435
IRS990/TotalFunctionalExpensesGrp/TotalAmt01704245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0542084
IRS990/TotalLiabilitiesEOYAmt0651881
IRS990/TotalLiabilitiesGrp/BOYAmt0542084
IRS990/TotalLiabilitiesGrp/EOYAmt0651881
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt023633167
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025577676
IRS990/TotalOtherProgSrvcExpenseAmt063474
IRS990/TotalProgramServiceExpensesAmt01441435
IRS990/TotalReportableCompFromOrgAmt0146346
IRS990/TotalRevenueGrp/ExclusionAmt0-4495963
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0332
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03648754
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024175251
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026229557
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 FAIRVIEW DR
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027215
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0RESOURCESEXCHANGEASSOCIATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0C R SHEPHERD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03362270000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESOURCES EXCHANGE ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0RESO
ReturnHeader/Filer/EIN0541297868
ReturnHeader/Filer/PhoneNum03362270000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5008
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0272165008
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561678593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVE C DILLARD PA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0704 W HARDEN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0272532160
ReturnHeader/PreparerPersonGrp/PhoneNum03362265195
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVE C DILLARD CPA
ReturnHeader/ReturnTs02021-11-12T11:10:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CLARENCE R
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHEPHERD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$26,229,557
Liabilities
$651,881
Net assets
$25,577,676
Revenue
$3,648,754
Expenses
$1,704,245
Net income
$1,944,509
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$0.14$30.5$6.85$2.61$4.24
2023Summary only. Only limited summary data is available for this year.$26.4$0.14$26.3$4.24$2.28$1.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$0.26$23.9$3.63$2.07$1.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$0.16$22.2$1.61$1.80$3.40
2020Detailed filing. Detailed filing data is available for this year.$26.2$0.65$25.6$3.65$1.70$1.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$0.54$23.6$2.68$1.99$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.53$22.9$3.40$1.97$1.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.1$0.58$21.5$0.46$1.94$1.47
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$0.59$23.0$3.24$2.07$1.18
2015Detailed filing. Detailed filing data is available for this year.$22.4$0.59$21.8$4.48$1.73$2.75
2014Detailed filing. Detailed filing data is available for this year.$19.8$0.69$19.1$3.49$1.41$2.08
2013Summary only. Only limited summary data is available for this year.$17.7$0.72$17.0$4.08$1.76$2.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$0.61$14.7$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.72$12.5$1.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.6$0.53$65.1$1.31