Nonprofit · EIN 27-0493941
RESOURCE EXCHANGE
Tax-exempt · PHILADELPHIA, PA 19122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $303,956 | $323,940 | -$19,984 | $132,100 | $3,502 | $128,598 |
| December 31, 2023 | 990 | $299,726 | $270,361 | $29,365 | $154,158 | $5,576 | $148,582 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,716
- of which government grants
- $16,574
- Program service revenue
- $278,240
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $47,168
- Other salaries and wages
- $116,294
- Salaries, compensation and benefits (total)
- $180,931
- Professional fundraising fees
- $0
- Accounting fees
- $2,565
- Occupancy
- $78,539
- Program services (functional)
- $249,238
- Management and general (functional)
- $74,702
Balance sheet and other
- Total assets, start of year
- $154,158
- Total assets, end of year
- $132,100
- Total liabilities, end of year
- $3,502
- Net assets, end of year
- $128,598
- Net assets without donor restrictions
- $128,598
- Gross receipts
- $303,956
- Employees
- 8
- Year formed
- 2009
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARYN GERRED | EXECUTIVE DIRECTOR CEO Officer | 50 | $47,168 |
| ROB WILLIAMSON | BOARD TREASURER Officer | 1 | $0 |
| FLORA VASSAR | BOARD SECRETARY Officer | 1 | $0 |
| ERIKA KATZ | DIRECTOR Officer | 1 | $0 |
| DENNIS MADIGAN | DIRECTOR Officer | 5 | $0 |
| DENISE GERRED | DIRECTOR Officer | 1 | $0 |
| JAMES ZWOLAK | DIRECTOR Officer | 1 | $0 |
| ALLISON HOBAN | BOARD CHAIR Officer | 1 | $0 |
| REBECCA TORRES | PROGRAM STAFF Key employee | 30 | $0 |
| REBECCA TORRES | PROGRAM STAFF Key employee | 30 | $0 |
| JOSEPH WHITFIELD | PROGRAM STAFF Key employee | 30 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARYN GERRED | EXECUTIVE DIRECTOR CEO Officer | 50 | $43,680 |
| REBECCA TORRES | PROGRAM STAFF Highest-paid employee | 30 | $26,223 |
| JOSEPH T WHITFIELD | PROGRAM STAFF Highest-paid employee | 30 | $25,055 |
| DENISE GERRED | DIRECTOR Officer | 1 | $0 |
| KRISTIN BARRETT BROWN | DIRECTOR Officer | 1 | $0 |
| ALLISON HOBAN | BOARD CHAIR Officer | 1 | $0 |
| JAMES ZWOLAK | DIRECTOR Officer | 1 | $0 |
| FLORA VASSAR | DIRECTOR Officer | 1 | $0 |
| ROB WILLIAMSON | BOARD TREASURER Officer | 1 | $0 |
| KATE QUINN | DIRECTOR Officer | 1 | $0 |
| KRISTEN FINCH | BOARD SECRETARY Officer | 1 | $0 |
| DENNIS MADIGAN | DIRECTOR Officer | 5 | $0 |
| ERIKA KATZ | DIRECTOR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 N AMERICAN ST, PHILADELPHIA, PA 19122-2300
- In care of
- % KARYN GERRED
- Mailing address (990-N for 2011)
- 1114 N 4th Street, Philadelphia PA 19123
- Principal officer (990 for 2024)
- KARYN GERRED, 1800 N AMERICAN STREET, PHILADELPHIA, PA 19122
- Principal officer (990-N for 2011)
- Karyn Gerred, 1114 N 4th Street, Philadelphia PA 19123
- Signed the 990
- ROB WILLIAMSON, TREASURER
- Phone
- (267) 997-0060
- Website
- www.theresourceexchange.org
- Return prepared by
- Frankford Tax Professionals LLC
Mission
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.
Program accomplishments
- WE HAVE CHANNELED LOW COST, RECLAIMED MATERIALS INTO THEATRE AND FILM PRODUCTIONS, PUBLIC ART INSTALLATIONS, INDIVIDUAL ARTIST 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.Expenses $249,238 · revenue $278,240
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | No data |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0493941
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C99)
- Assets (IRS master file)
- $185,307
- Income (IRS master file)
- $389,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $303,956 | $323,940 | $132,100 | XML |
| 990 | December 2023 | $299,726 | $270,361 | $154,158 | XML |
| 990 | December 2022 | $231,818 | $222,458 | $125,956 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Karyn Gerred | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about RESOURCE EXCHANGE
- What is the EIN of RESOURCE EXCHANGE?
- The employer identification number (EIN) of RESOURCE EXCHANGE is 27-0493941.
- Is RESOURCE EXCHANGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to RESOURCE EXCHANGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESOURCE EXCHANGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RESOURCE EXCHANGE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESOURCE EXCHANGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RESOURCE EXCHANGE?
- The 990 for the year ended December 31, 2024 names KARYN GERRED.
- Who are the officers and directors of RESOURCE EXCHANGE?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $47,168 (KARYN GERRED, EXECUTIVE DIRECTOR CEO).
- How much revenue does RESOURCE EXCHANGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $303,956, expenses of $323,940 and total assets of $132,100 at year end.
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