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New York BBB Wise Giving Report for
Community Resource Exchange

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
04/2016
Name:
Community Resource Exchange
Address:
42 Broadway
20th Floor
New York, NY 10004
Phone:
212-894-3394
Web Site:
Year, State Incorporated:
1981, New York
Affiliates:
None
Stated Purpose:
" Helps 300 organizations fight poverty and champion social justice issues each year. CRE works with both emerging organization and well-established institutions in neighborhoods where resources and opportunities are limited. With CRE's help, nonprofit leaders develop the tools they need to help their organizations and improve the neighborhoods in which they live. "






Evaluation Conclusions
 

              
Community Resource Exchange (CRE) meets the 20 Standards for Charity Accountability.




Programs
 

              
Community Resource Exchange (CRE) is a nonprofit consulting firm that guides organizations through planning, financial management, fundraising, Board and leadership development and human resources management. CRE believes that community-based organizations are the most effective engines of local and social change. CRE partners, consults and trains with organizations to make sure they have the information, resources and skills they need to maximize their impact.



Governance
 

              
Chief Executive Officer:
Ms. Holly Delany Cole & Ms. Valyrie Laedlein, Co-Directors
Compensation*:
$131,300
Chair of the Board:
Ms. Patricia Hewitt
Chair's Profession / Business Affiliation:
Retired Attorney / Ingram, Yuzek, Gainen, Carroll and Bertolotti, LLP
Board Size:
17
Paid Staff Size:
20



*Compensation is per Co-Director and includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet
Fund raising costs were 1.2% of related contributions. (Related contributions, which totaled $1,008,223, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on CRE's Audited Financial Statements for the fiscal year ended September 30, 2012.

Source of Funds  

Foundation and corporate grants

$695,484

Government grants and contracts

635,776

Consulting fees

436,542

Contributions

259,919

In-kind contributions

45,814

Rental income

43,541

Investment income

26,081

Special events, net

7,006

Total Income

$2,150,163

Program Expenses  

Program Services

$2,269,464
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

2,269,464
12,464
725,050

$3,006,978

$(856,815)




Uses of Funds as a % of Total Expenses


Programs: 76%  Fund Raising: %  Administrative 24% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,960,723
Ending net assets 3,103,908
Total liabilities 198,629

Total assets

$3,302,537






 

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