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Nonprofit · EIN 54-1297868

RESOURCES EXCHANGE ASSOCIATION

Tax-exempt · BURLINGTON, NC 27216

Financials

$4.2M$2.3M2023$6.8M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of RESOURCES EXCHANGE ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,847,867$2,606,165$4,241,702$30,676,111$137,545$30,538,566
December 31, 2023990$4,237,333$2,283,564$1,953,769$26,440,362$143,499$26,296,863
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,058,078
Program service revenue
$0
Investment income
$1,391
Net gain from sales of assets
$1,350
Net income from sales of inventory
-$3,211,602
Other revenue
-$3,211,602

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$389,440
Other salaries and wages
$827,976
Salaries, compensation and benefits (total)
$1,299,253
Professional fundraising fees
$0
Accounting fees
$8,435
Occupancy
$326,343
Travel
$8,225
Depreciation
$56,820
Program services (functional)
$2,212,220
Management and general (functional)
$393,945

Balance sheet and other

Total assets, start of year
$26,440,362
Total assets, end of year
$30,676,111
Total liabilities, end of year
$137,545
Net assets, end of year
$30,538,566
Land, buildings and equipment
$1,290,282
Net assets without donor restrictions
$30,538,566
Gross receipts
$13,623,202
Employees
34
State of legal domicile
VA

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.

NameTitleHours / weekCompensation
TIM SHEPHERDSENIOR VP
Trustee or director, Officer
40$90,300
C R SHEPHERDPRESIDENT
Trustee or director, Officer
30$63,400
SUSAN WRIGHTSEC/TREASURE
Trustee or director, Officer
40$41,020
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
TIM SHEPHERDSENIOR VP
Trustee or director, Officer
40$74,000
C R SHEPHERDPRESIDENT
Trustee or director, Officer
40$63,500
SUSAN WRIGHTSEC/TREASURE
Trustee or director, Officer
40$34,520

Address and contacts

Address (IRS master file)
PO BOX 5008, BURLINGTON, NC 27216-5008
Principal officer (990 for 2024)
C R SHEPHERD, 1250 FAIRVIEW DR, BURLINGTON, NC 27215
Signed the 990
C R SHEPHERD, PRESIDENT
Phone
(336) 227-0000
Return prepared by
DAVE C DILLARD PA CPA

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • SERVE AS A CONDUIT FOR SURPLUS INVENTORY
    Expenses $1,977,440
  • SERVE AS A CONDUIT FOR SURPLUS INVENTORY
    Expenses $234,780

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-1297868
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$30,676,111
Income (IRS master file)
$13,623,202

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,847,867$2,606,165$30,676,111IRS
990December 2023$4,237,333$2,283,564$26,440,362XML
990December 2022$3,627,741$2,069,624$24,186,239IRS
990December 2021-$1,606,035$1,796,272$22,339,701IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 54-1297868).

Questions about RESOURCES EXCHANGE ASSOCIATION

What is the EIN of RESOURCES EXCHANGE ASSOCIATION?
The employer identification number (EIN) of RESOURCES EXCHANGE ASSOCIATION is 54-1297868.
Is RESOURCES EXCHANGE ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to RESOURCES EXCHANGE ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RESOURCES EXCHANGE ASSOCIATION 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 RESOURCES EXCHANGE ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RESOURCES EXCHANGE ASSOCIATION 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 RESOURCES EXCHANGE ASSOCIATION?
The 990 for the year ended December 31, 2024 names C R SHEPHERD.
Who are the officers and directors of RESOURCES EXCHANGE ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $90,300 (TIM SHEPHERD, SENIOR VP).
How much revenue does RESOURCES EXCHANGE ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,847,867, expenses of $2,606,165 and total assets of $30,676,111 at year end.

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