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← RESOURCES EXCHANGE ASSOCIATION

Form 990 for tax year 2024

Filed by RESOURCES EXCHANGE ASSOCIATION.

Totals

Total revenue
$6,847,867
Total expenses
$2,606,165
Contributions and grants received
$10,058,078
Grants paid
$0
Program service revenue
$0
Investment income
$1,391
Other revenue
-$3,211,602
Total assets, end of year
$30,676,111
Total liabilities, end of year
$137,545
Net assets or fund balances, end of year
$30,538,566
Program services expenses (Part IX)
$2,212,220
Management and general expenses
$393,945
Fundraising expenses
$0
Program service expenses (Part III)
$2,212,220

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $10,058,078

  • 1g · Noncash contributions included above

    $10,026,891

  • 3 · Investment income

    total $41 · related or exempt $41

  • 7a · Gross sales of assets other than inventory

    other assets $12,000

  • 7b · Less cost or other basis and sales expenses

    other assets $10,650

  • 7c · Gain or loss

    other assets $1,350

  • 7d · Net gain or loss

    total $1,350 · related or exempt $1,350

  • 10a · Gross sales of inventory

    $3,553,083

  • 10b · Cost of goods sold

    $6,764,685

  • 10c · Net income from sales of inventory

    total -$3,211,602 · excluded -$3,211,602

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $389,440 · program services $194,720 · management and general $194,720

  • 7 · Other salaries and wages

    total $827,976 · program services $728,619 · management and general $99,357

  • 10 · Payroll taxes

    total $81,837 · program services $58,301 · management and general $23,536

  • 11c · Fees: accounting

    total $8,435 · program services $5,624 · management and general $2,811

  • 13 · Office expenses

    total $37,622 · program services $30,069 · management and general $7,553

  • 16 · Occupancy

    total $326,343 · program services $320,752 · management and general $5,591

  • 17 · Travel

    total $8,225 · program services $3,290 · management and general $4,935

  • 22 · Depreciation, depletion and amortization

    total $56,820 · program services $56,820

  • 23 · Insurance

    total $50,400 · program services $42,858 · management and general $7,542

  • 24a · Other expenses: SALE TAXES

    total $236,115 · program services $236,115

  • 24b · Other expenses: OUTSIDE SERVICES

    total $175,462 · program services $175,462

  • 24c · Other expenses: FREIGHT

    total $147,635 · program services $146,897 · management and general $738

  • 24d · Other expenses: AUTOMOTIVE

    total $74,392 · program services $63,233 · management and general $11,159

  • 24e · All other expenses

    total $185,463 · program services $149,460 · management and general $36,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $527,600 · end of year $640,736

  • 8 · Inventories for sale or use

    beginning of year $24,693,100 · end of year $28,745,093

  • 10a · Land, buildings and equipment: cost or other basis

    $1,842,637

  • 10b · Land, buildings and equipment: accumulated depreciation

    $552,355

  • 10c · Land, buildings and equipment, net

    beginning of year $1,219,662 · end of year $1,290,282

  • 22 · Loans and payables to officers and key people

    beginning of year $127,255 · end of year $127,255

  • 25 · Other liabilities

    beginning of year $16,244 · end of year $10,290

  • 27 · Net assets without donor restrictions

    beginning of year $26,296,863 · end of year $30,538,566

Mission and programs · 2024

Mission

SERVE AS A CONSUIT FOR SURPLUS INVENTORY DONANTIONS AND PROVIDE THEM TO 501(C)(3) ORGANIZATIONS.

  • SERVE AS A CONDUIT FOR SURPLUS INVENTORY

    Expenses $1,977,440

  • SERVE AS A CONDUIT FOR SURPLUS INVENTORY

    Expenses $234,780

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • C R Shepherd

    PRESIDENT

    Total calculated
    $63,400
    From this org
    $63,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Tim Shepherd

    SENIOR VP

    Total calculated
    $90,300
    From this org
    $90,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Wright

    SEC/TREASURE

    Total calculated
    $41,020
    From this org
    $41,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.0
Source object
202533149349305093

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