2024-11-15T16:20:06-05:00 2023-12-31 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2023-01-01 561728718 SCRAP EXCHANGE INC SCRA 9192000151 2050 CHAPEL HILL ROAD DURHAM NC 27707 REBECCA A CURRIE ACTING FINANCE DIREC 9196886960 2024-11-15 true true REBECCA FISHER CPA P01690017 7044993893 2024-11-15 2023 2024-10-15 13:58:12Z MICAH KORDSMEIER 2050 CHAPEL HILL ROAD DURHAM NC 27707 2177205 false X WWW.SCRAPEXCHANGE.ORG X 1991 NC TO PROMOTE CREATIVITY, ENVIRONMENTAL AWARENESS, AND COMMUNITY THROUGH REUSE. 9 9 59 220 0 41465 44036 1547328 2115760 365 4975 3509 12434 1592667 2177205 0 0 769703 919232 0 9878 1235120 1358390 2004823 2277622 -412156 -100417 7180432 7064812 8288420 8286657 -1107988 -1221845 X TO PROMOTE CREATIVITY, ENVIRONMENTAL AWARENESS, AND COMMUNITY THROUGH REUSE. false false 1108674 1075140 RETAIL STORE IN DURHAM, NC SELLS IDEAS AND MATERIALS RELATING TO INDUSTRIAL DISCARDS AND OTHER PRE-CONSUMER AND POST-CONSUMER WASTE MATERIALS. INVENTORY IS DONATED AND COLLECTED FROM BUSINESS AND INDUSTRIES AS WELL AS INDIVIDUALS. 51190 EVENTS, PARTIES, AND CLASSES SHOWING CHILDREN AND ADULTS CREATIVE WAYS OF USING INDUSTRIAL DISCARDS. WORKSHOPS SHOWING TEACHERS AND STUDENTS HOW TO CREATE TEACHING AIDS AND ARTS USING INDUSTRIAL DISCARDS. 643122 989429 REUSE ARTS DISTRICT: PROPERTY AND ASSET MANAGEMENT OF 10 ACRES AND 80,000 SF COMMERCIAL SPACE FOR VARIOUS TENANTS IN CONNECTION WITH SCRAP EXCHANGE MISSION OF ART AND REUSE. CONSIDERATION OF DEVELOPMENT OF THE PROPERTY IN MANNER TO CONTINUE SUPPORT FOR RAD, THE SCRAP EXCHANGE AND LAKEWOOD/DURHAM IS ONGOING. 643122 989429 1751796 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 9 0 true 59 true false false false false false false false false false false false false false false X 9 9 false false false false false false false true true false false false true true true true true true true false NC X X REBECCA A CURRIE 9192000151 2050 CHAPEL HILL RD DURHAM NC 27707 MICAH KORDSMEIER PRESIDENT 1.00 X X 0 0 0 MADELINE BANKSON VICE PRESIDE 1.00 X X 0 0 0 TOM DAWSON SECRETARY 1.00 X X 0 0 0 ANNA ANEJA TREASURER 1.00 X X 0 0 0 JONATHAN FULLER BOARD MEMBER 1.00 X 0 0 0 JAMIE BECK BOARD MEMBER 1.00 X 0 0 0 STACEY KIRBY BOARD MEMBER 1.00 X 0 0 0 WHITNEY STANLEY BOARD MEMBER 1.00 X 0 0 0 MARIE CROWELL BOARD MEMBER 1.00 X 0 0 0 HEATHER A COOK INTERIM EXEC 40.00 X 90000 0 0 90000 false false false 44036 44036 RAD RENTAL INCOME 531120 989429 989429 THRIFT STORE SALES 453310 605489 605489 REUSE ARTS SHOP SALES 453310 462274 462274 CREATIVE ARTS SERVICES 611600 51191 51191 OTHER SALES 531310 7377 7377 2115760 4975 4975 MISC INCOME 12434 12434 12434 2177205 2128194 4975 90000 67500 21600 900 718428 538821 172663 6944 44579 33434 10699 446 66225 49669 15894 662 70043 45990 23873 180 7101 7101 15525 10050 5140 335 425287 277518 147769 9454 9454 251129 235859 15185 85 280572 272455 7791 326 45733 45733 REPAIRS 127067 127067 PROPERTY MANAGEMENT 48181 48181 BANK CHARGES 34178 34178 PROJECT MANAGEMENT 27885 27885 16235 812 15423 2277622 1751796 515948 9878 2100603 1242760 332889 1020358 67828 217339 244637 295584 6149532 1961095 4349110 4188437 2054 85365 98280 7180432 7064812 16854 131949 660000 6148733 7333583 2122833 161125 8288420 8286657 X -1107988 -1221845 -1107988 -1221845 7180432 7064812 X -100417 -3527 -9913 X false false false X 104487 374537 313417 41465 44036 877942 836638 1629356 1731503 1550837 2128194 7876528 1476285 1476285 2417410 2003893 2044920 1592302 2172230 10230755 10230755 16160 3701 2909 365 4975 28110 16160 3701 2909 365 4975 28110 2433570 2007594 2047829 1592667 2177205 10258865 0.99730 0.99570 0.00000 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1338200 1338200 3857491 1611342 2246149 662748 270339 392409 65556 36634 28922 225537 42780 182757 4188437 TENANT SECURITY DEPOSITS 91529 DEBT ISSUANCE COSTS 55998 CREDIT CARD LIABILITIES 8345 SALES TAX PAYABLE 5253 161125 FORM 990, PAGE 2, PART III, LINE 4D REUSE ARTS DISTRICT: PROPERTY AND ASSET MANAGEMENT OF 10 ACRES AND 80,000 SF COMMERCIAL SPACE FOR VARIOUS TENANTS IN CONNECTION WITH SCRAP EXCHANGE MISSION OF ART AND REUSE. CONSIDERATION OF DEVELOPMENT OF THE PROPERTY IN MANNER TO CONTINUE SUPPORT FOR RAD, THE SCRAP EXCHANGE AND LAKEWOOD/DURHAM IS ONGOING. FORM 990, PAGE 6, PART VI, LINE 11B PRELIMINARY INFORMATION FOR COMPLETING THE FORM 990 IS PROVIDED BY THE FINANCE MANAGER TO THE ACCOUNTANT. THE COMPLETED 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. THE 990 WILL BE PROVIDED TO THE FINANCE COMMITTEE (CHAIRED BY THE BOARD TREASUREER) AT THE NEXT COMMITTEE MEETING AND WILL BE DELIVED ELECTRONICALLY TO ALL BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY, SIGN AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE ENCOURAGED TO RAISE QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST OF THEIR OWN OR OF OTHER BOARD MEMBERS WHENEVER A SITUATION ARISES OR A DECISION IS MADE THAT COULD BE PERCEIVED BY ANYONE WITHIN OR OUTSIDE THE ORGANIZATION AS A POTENTIAL CONFLICT OF INTEREST. WHEN SUCH SITUATIONS ARISE, A VOTE IS HELD ON THE ISSUE, AND IF A QUORUM OF BOARD MEMBERS AGREE THAT A CONFLICT OF INTEREST WOULD OCCUR AS A RESULT OF A PARTICULAR ACTION, THE MEMBER OR MEMBERS INVOLVED IN THE ACTION MUST EITHER (A) TAKE ACTION TO RESOLVE THE CONFLICT, (B) RECUSE THEMSELVES FROM ANY DECISIONS IN WHICH THE CONFLICT OF INTEREST WOULD ARISE, OR (C) STEP DOWN FROM THE SCRAP EXCHANGE, INC. BOARD. FORM 990, PAGE 6, PART VI, LINE 15A PAY RATES FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, ARE DETERMINED THROUGH COMPARISONS TO ORGANIZATIONS OF SIMILAR SIZE AND BUDGET AND/OR WITH COMPARABLE MISSIONS AND PURPOSES IN THE SAME GEOGRAPHIC AREA. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, ARE DETERMINED THROUGH COMPARISONS TO ORGANIZATIONS OF SIMILAR SIZE AND BUDGET AND/OR WITH COMPARABLE MISSIONS AND PURPOSES IN THE SAME GEOGRAPHIC AREA. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST (BY PHONE, EMAIL, OR IN PERSON) AT THE ORGANIZATION'S MAIN OFFICE. FORM 990 IS AVAILABLE THROUGH GUIDESTAR. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE -9,913 RAD DURHAM LLC 2050 CHAPEL HILL RD DURHAM NC 27707 812733702 PROP MGMT NC 989429 4807505 SCRAP EXCH