2024-06-17T11:48:35-05:00 2023-09-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-10-01 133048638 COMMUNITY RESOURCE EXCHANGE INC COMM 2128943394 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 TILOMA JAYASINGHE PRESIDENT & CEO 2128943394 2024-06-13 1 TILOMA JAYASINGHE 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X TILOMA JAYASINGHE 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 4055179 0 X WWW.CRENYC.ORG X 1979 NY SEE SCHEDULE O. 13 13 33 13 0 0 2274677 1690763 1789978 1477624 73548 95871 5572 695675 4143775 3959933 0 0 0 0 3423262 3213017 0 0 37778 535124 677178 3958386 3890195 185389 69738 4627434 4579283 516271 344922 4111163 4234361 X SEE SCHEDULE O. 0 0 3232284 1485610 SEE SCHEDULE O. 3232284 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X X MELKIS ALVAREZ- BAEZ 2128943394 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 AMER S AHMED CHAIR 4.00 X X 0 0 0 LAURIE LESSAGE TREASURER 2.00 X X 0 0 0 BENJAMIN F LORICK SECRETARY 2.00 X X 0 0 0 ZOHRA ZORI CHAIR, DEVELOPMENT 2.00 X 0 0 0 MARGI BOOTH CHAIR, MARKETING & COMMUNICATIONS 2.00 X 0 0 0 DIPTY JAIN CHAIR, FINANCE/AUDIT COMMITTEE 2.00 X 0 0 0 SARA SOLFANELLI VICE CHAIR; CHAIR, HR 2.00 X 0 0 0 GREGG S FISHER DIRECTOR 2.00 X 0 0 0 CHANTAL BONITTO DIRECTOR 2.00 X 0 0 0 SANDY FERNANDEZ DIRECTOR 2.00 X 0 0 0 HALI LEE DIRECTOR 2.00 X 0 0 0 JERRY H MARCUS DIRECTOR 2.00 X 0 0 0 MIRIAM TAI DIRECTOR 2.00 X 0 0 0 ROSA ALFONSO-MCGOLDRICK DIRECTOR (ENDED) 2.00 X 0 0 0 TILOMA JAYASINGHE PRESIDENT AND CEO 40.00 X 230000 0 39424 MELKIS ALVAREZ-BAEZ DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 152500 0 9479 UNIQUE A BRATHWAITE DIRECTOR OF STRATEGIC DEVELOPMENT 40.00 X 152500 0 21906 RANDALL QUAN DIRECTOR OF CONSULTING (ENDED) 40.00 X 146538 0 20727 JEAN LOBELL SENIOR FELLOW 36.00 X 148474 0 20696 JEFFERSON A BALLOW SENIOR FELLOW 40.00 X 152500 0 35309 982512 0 147541 11 0 1 0 0 648891 1041872 27255 1690763 CONSULTING FEES 541610 1466672 1466672 DYCD - CONTRACTS 900099 5952 5952 DYCD - CONTRACTS 900099 5000 5000 1477624 46615 46615 144502 95246 49256 49256 49256 CARES ACT - ERC 900099 687689 687689 OTHER INCOME 900099 7986 7986 695675 3959933 1485610 0 783560 271190 222486 46112 2592 2384048 1913737 444835 25476 94643 86989 7345 309 280108 257454 21741 913 183028 168225 14206 597 28240 23683 4375 182 5312 5312 205574 191852 13167 555 51547 46201 4864 482 75538 63469 11580 489 39620 35775 3178 667 2594 2179 398 17 20534 17254 3147 133 STAFF DEVELOPMENT 79232 68685 10053 494 SUBSCRIPTIONS & MEMBERS 79228 65468 9009 4751 SUBCONTRACTORS & CLIENT 61169 61169 BAD DEBT 20000 20000 8590 7658 811 121 3890195 3232284 620133 37778 281 281 3143574 3162854 174842 19143 536333 588060 126906 65659 384430 380980 3926 3450 641572 739836 4627434 4579283 298590 295576 217681 49346 516271 344922 X 3586379 3537937 524784 696424 4111163 4234361 4627434 4579283 69738 53460 0 X 0 1 X 1 0 X 1831272 1933248 2013234 2274677 1690763 9743194 1831272 1933248 2013234 2274677 1690763 9743194 670604 9072590 159216 108054 41502 42449 46615 397836 16201 3079 3772 695675 718727 10859757 9686833 0.83540 0.87870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2026138 878863 707223 2197778 2028832 890292 892986 2026138 2108244 674652 754064 2028832 2848919 850500 1591175 2108244 2936621 1040275 1127977 2848919 0.68312 0.31688 0 0 201615 201615 0 182815 179365 3450 3450 4016481 53460 8400 61860 3954621 5312 5312 3959933 3893283 8400 8400 3884883 5312 5312 3890195 PART V, LINE 4: UNRESTRICTED MONIES OR ASSETS CONTRIBUTED TO CRE WHICH ARE DESIGNATED BY THE BOARD OF DIRECTORS TO PROVIDE LONG-TERM FINANCIAL SUPPORT FOR USES INCLUDING INVESTMENTS AND EMERGENCIES. USE OF THESE FUNDS REQUIRES BOARD APPROVAL. NET ASSETS WITH DONOR RESTRICTIONS OF CRE WHICH HAVE BEEN LIMITED BY DONOR-IMPOSED STIPULATIONS THAT EITHER EXPIRE WITH THE PASSAGE OF TIME OR CAN BE FULFILLED AND REMOVED BY THE ACTIONS OF CRE PURSUANT TO THOSE STIPULATIONS. X X X 0 0 0 0 0 0 0 0 0 TILOMA JAYASINGHE PRESIDENT AND CEO 230000 0 0 0 0 0 11235 0 28189 0 269424 0 0 0 JEFFERSON A BALLOW SENIOR FELLOW 150000 0 2500 0 0 0 7500 0 27809 0 187809 0 0 0 UNIQUE A BRATHWAITE DIRECTOR OF STRATEGIC DEVELOPMENT 150000 0 2500 0 0 0 7500 0 14406 0 174406 0 0 0 JEAN LOBELL SENIOR FELLOW 145974 0 2500 0 0 0 7299 0 13397 0 169170 0 0 0 RANDALL QUAN DIRECTOR OF CONSULTING (ENDED) 146538 0 0 0 0 0 7327 0 13400 0 167265 0 0 0 MELKIS ALVAREZ-BAEZ DIRECTOR OF FINANCE AND OPERATIONS 150000 0 2500 0 0 0 5885 0 3594 0 161979 0 0 0 X 1 27255 FMV 0 1 0 PART I - LINE 1 HEALTHY, THRIVING NONPROFITS ARE NEEDED TO DRIVE POSITIVE SOCIAL CHANGE IN OUR WORLD. BUT WITHOUT STRATEGIC SUPPORT, TOO MANY ORGANIZATIONS FLOUNDER AND FALL SHORT OF THE TRANSFORMATIVE IMPACT THEY'RE CAPABLE OF. COMMUNITY RESOURCE EXCHANGE EXISTS TO CHANGE THAT. AS AN ORGANIZATIONAL DEVELOPMENT AND CHANGE MANAGEMENT NONPROFIT, WE COLLABORATE WITH NONPROFITS TO STRATEGIZE, NAVIGATE SHIFTS, DEVELOP AND EMPOWER THEIR LEADERS, AND GARNER THE SUPPORT THEY NEED TO MAXIMIZE IMPACT IN THEIR COMMUNITIES. WHEN WE CHAMPION NONPROFITS, WE CO-CREATE A BETTER FUTURE FOR ALL. PART III - LINE 1 AFTER COLLABORATING WITH NONPROFITS OF ALL SIZES FOR OVER 40 YEARS, WE DON'T JUST BELIEVE NONPROFITS ARE THE KEY TO SOCIAL CHANGE WE SEE THE POSITIVE IMPACTS OUR CLIENTS MAKE EVERY DAY. OUR GREATEST STRENGTHS INCLUDE (I) OUR TEAM'S DEEP KNOWLEDGE AND UNDERSTANDING OF NEW YORK CITY COMMUNITIES THAT OUR 45 YEAR HISTORY IMPARTS TO US; (II) OUR FOCUS ON THE SMALL, MIGHTY COMMUNITY BASED ORGANIZATION AS THE HEART OF SOCIAL CHANGE AND OUR TARGET AUDIENCE; AND (III) THE FACT THAT IT IS A NON-NEGOTIABLE AT CRE THAT WE DO OUR WORK WITH AN EXPLICIT, ANTI-OPPRESSIVE, EQUITY-BASED LENS. UNPARALLELED EXPERIENCE: WITH OVER 40 YEARS OF PROVIDING INNOVATIVE STRATEGY AND EDUCATION TO NONPROFIT LEADERS AND THEIR TEAMS, CRE IS ONE OF THE MOST EXPERIENCED NONPROFIT CONSULTING ORGANIZATIONS AND CARRIES A LONG TRACK RECORD OF SUCCESS. - HELPING NONPROFITS THRIVE SINCE 1979 - SUPPORTING HUNDREDS OF NONPROFITS PER YEAR - CRE'S COHORT MODEL AND STRATEGIC APPROACHES HAVE HELPED OVER 10,000 NONPROFIT ORGANIZATIONS EARN MORE FUNDING AND SERVE MORE PEOPLE - ROOTED IN NEW YORK CITY, DRIVING CHANGE GLOBALLY MEASURABLE IMPACTS: OUR IMPACT AND RESULTS VALIDATE OUR UNIQUE VALUE PROPOSITION. ANNUALLY, WE DELIVER PEER-LEARNING TO LEADERS AND MANAGERS FROM OVER 300 DIFFERENT NONPROFITS THROUGH A SERIES OF COHORT PROGRAMS AND CONDUCT MORE THAN 150 ORGANIZATIONAL DEVELOPMENT CONSULTING ENGAGEMENTS. THESE ENGAGEMENTS STRENGTHEN ORGANIZATIONS BY FOCUSING ON THE FOUNDATIONS FOR SUCCESS: EFFECTIVE LEADERSHIP, PEOPLE-FOCUSED MANAGEMENT, HIGH-PERFORMING STAFF, FINANCIAL STABILITY, EFFECTIVE PROGRAMS, AND CULTURES OF CONTINUOUS LEARNING AND IMPROVEMENT. A STRONG ORGANIZATIONAL FOUNDATION AND CLEAR DIRECTION ALLOWS LEADERSHIP TO FOCUS STAFF TIME AND RESOURCES ON DELIVERING THE PROGRAMS MAKING A DIFFERENCE IN THE COMMUNITIES THE ORGANIZATION SERVES. WHEN A CRE ENGAGEMENT IS COMPLETE, ORGANIZATIONS ARE STRONGER AND LEADERS ARE BETTER ABLE TO ACHIEVE THEIR GOALS. - 96% OF CLIENTS SAY CRE PROGRAMS IMPROVED LEADERSHIP EFFECTIVENESS - 90% OF PARTICIPANTS REPORT A STRENGTHENED ABILITY TO INCORPORATE STRATEGIES LEARNED THROUGH CRE PROGRAMS - TRANSPARENT FINANCIAL REPORTING ROOTED IN EQUITY: ALL OF CRE'S WORK IS DONE THROUGH A DIVERSITY, EQUITY, INCLUSION AND ACCESSIBILITY (DEIA) LENS. WE BELIEVE THAT EVERY INTERACTION IS STRENGTHENED WITH AN EQUITY PERSPECTIVE. AS FACILITATORS, CONSULTANTS, AND COACHES COMMITTED TO BUILDING AND SUPPORTING EQUITABLE ORGANIZATIONS, WE ARE HIGHLY ATTUNED TO DYNAMICS OF POWER, RACE/ETHNICITY, GROUP AND INTRAPERSONAL DYNAMICS, AS WELL AS THE NUANCE OF PERSPECTIVE WHEN PARTNERING WITH CLIENTS. WE LEVERAGE OUR DIVERSITY OF IDENTITIES, LIVED EXPERIENCES, AND SKILLS AND PROFESSIONAL BACKGROUNDS TO RAISE UP THE VOICES OF HISTORICALLY MARGINALIZED GROUPS AND THOSE WHO HAVE BEEN KEPT DOWN AND HELD BACK BY THEIR EXCLUSION FROM CONVERSATIONS AND SPACES. CRE LEADS THE WAY IN MODELING DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY PRACTICES AND LEADS BY EXAMPLE. - DIVERSE LEADERSHIP TEAM AND BOARD - EQUITY PRACTICES WITHIN THE ORGANIZATION - DEEPLY CARING AND COMPASSIONATE TEAM THAT WANTS TO SEE CHANGE AS MUCH AS THEIR CLIENTS - ALL PROGRAMS AND STRATEGIES CREATED WITH EQUITY AT THE HEART OF SOCIAL CHANGE - ACCEPTED CLIENTS SHARE A VISION FOR A BETTER, SAFER, AND EQUITABLE SOCIETY FOCUS ON "SMALL AND MIGHTY" NONPROFIT ORGANIZATIONS - CRE IS A CHAMPION FOR "SMALL AND MIGHTY ORGANIZATIONS WITH BUDGETS UNDER $2 MILLION. THESE ORGANIZATIONS SHOWED HOW FUNDAMENTAL THEY WERE TO THE SAFETY AND VITALITY OF THEIR COMMUNITIES DURING THE PANDEMIC. THEY DEMONSTRATED AGILITY, RESILIENCE, ENDURANCE, CARE AND LEADERSHIP. THEY ARE, HOWEVER, STILL THE LEAST RESOURCED AND SUPPORTED. CRE EXISTS TO CARE FOR THESE ORGANIZATIONS. IN DOING SO, WE MAKE SURE THAT LEADERSHIP AND CAPACITY BUILDING IS NOT A PRIVILEGE, BUT A FUNDAMENTAL RIGHT THEY CAN ACCESS SO THAT THEY CAN MEET THEIR MISSION AND INCREASE THEIR IMPACT AND THEIR SUSTAINABILITY. PART III - LINE 4A TRANSFORMATIVE CONSULTING FOR NONPROFITS DRIVING SOCIAL CHANGE WHEN NONPROFITS ARE STUCK OR STRUGGLING TO REACH THEIR POTENTIAL, COMMUNITY RESOURCE EXCHANGE STEPS IN WITH GUIDANCE, TRAINING, AND ONGOING SUPPORT TO HELP NONPROFITS REACH THEIR MILESTONES AND CO-CREATE IMPACTFUL SOLUTIONS FOR THE COMMUNITIES THEY SERVE. STRATEGY: WE PARTNER WITH OUR CLIENTS TO MOVE TO THE NEXT LEVEL OF GROWTH; MAKE THE CRITICAL SHIFTS IN STRATEGIES THAT CAN TRANSFORM LIVES AND COMMUNITIES; POSITION THEMSELVES TO MAKE KEY DECISIONS ABOUT MERGERS AND STRATEGIC PARTNERSHIPS; PAVE THE WAY FOR INVESTMENT AND DIVESTMENT DECISIONS ABOUT PROGRAMMING. OUR HANDS-ON APPROACH INCLUDES THEORY OF CHANGE, STRATEGIC PLANNING, ALIGNMENT OF MISSION WITH PROGRAMS, AND REAL-TIME PLANNING TO HELP NONPROFITS POSITION THEMSELVES IN TIMES OF GROWTH AND CHANGE. COACHING: HAVING THE RIGHT PEOPLE IN THE RIGHT ROLES IS ESSENTIAL TO A NONPROFIT ORGANIZATION'S GROWTH AND SUCCESS. CRE HELPS NONPROFITS STREAMLINE THE PROCESS OF ATTRACTING, DEVELOPING, AND COACHING NONPROFIT TEAMS SO THAT THEY CAN FOCUS ON DEVELOPING BOLD IDEAS TO BETTER SERVE THEIR COMMUNITIES. PEOPLE AND CULTURE: PEOPLE ARE AT THE HEART OF EVERY ORGANIZATION. IMPACTFUL ORGANIZATIONS HAVE TEAMS THAT ARE CARED FOR AND ARE EFFECTIVE IN THEIR PERFORMANCE. CRE'S PEOPLE & CULTURE ENGAGEMENTS INCLUDE TEAM EFFECTIVENESS, CULTURE CHANGE, AND TRAINING TO SUPPORT TEAMS AND NONPROFIT BOARDS BUILD RELATIONSHIPS, TRANSLATE VALUES INTO ACTION, AND IMPROVE PERFORMANCE. LEADERSHIP AND MANAGEMENT: CRE IS COMMITTED TO SUPPORTING NONPROFIT LEADERS AND THE ORGANIZATIONS THEY FOUNDED, BUILT, AND RUN IN THEIR PURSUIT OF JUSTICE, OPPORTUNITY, AND EQUITY. DEVELOPING LEADERSFROM EMERGING MANAGERS ALL THE WAY TO SEASONED CAREER EXECUTIVE DIRECTORSHAS BEEN A SIGNATURE COMPONENT OF CRE'S CAPACITY BUILDING SUPPORT FOR MORE THAN TWENTY YEARS. IN OUR LEADERSHIP AND MANAGEMENT PROGRAMS, WE STRENGTHEN THE LEADERSHIP CAPABILITIES OF ESTABLISHED AND EMERGING NONPROFIT LEADERS THROUGH INDIVIDUALIZED COACHING AND WITHIN A COHORT-BASED APPROACH DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY: WE BELIEVE THAT WHEN ORGANIZATIONS EMBRACE DEIA AS ORGANIZATIONAL VALUES AND INTENTIONALLY TRANSLATE THEM INTO PRACTICE, ORGANIZATIONAL IMPACT IS STRENGTHENED. CRE PARTNERS WITH OUR CLIENTS TO DESIGN EQUITY IN ORGANIZATIONS BY CONDUCTING ORGANIZATIONAL ASSESSMENTS AND DEVELOPING ACTION PLANS ON VARIOUS ASPECTS OF EQUITY. WE ALSO WORK ON HOW TO BECOME AN ANTI-RACIST ORGANIZATION, ENSURING THOSE VALUES ARE PRESENT IN SYSTEMS, PROCESSES AND INFRASTRUCTURE OF AN ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B WHILE NOTES ARE TAKEN DURING COMMITTEE MEETINGS AND RECOMMENDATIONS OF THE COMMITTEES ARE NOTED IN BOARD MEETING MINUTES, SEPARATE FORMAL MINUTES OF COMMITTEE MEETINGS ARE NOT PREPARED. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS USED BY COMMUNITY RESOURCE EXCHANGE, INC. TO REVIEW FORM 990 BEFORE FILING IS: 1. EXTERNAL AUDITING FIRM PREPARES CRE'S 990; 2. 990 IS REVIEWED BY MANAGEMENT AND AN ELECTRONIC DRAFT IS FORWARDED TO THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS; 3. STAFF AND FINANCE/AUDIT COMMITTEE COMMENTS ARE DISCUSSED WITH AUDITORS AND A FINAL DRAFT IS CREATED; 4. A FINAL DRAFT IS FORWARDED TO THE BOARD OF DIRECTORS WHICH IS GIVEN 3-5 BUSINESS DAYS TO REVIEW. 5. COMMENTS FROM THE BOARD OF DIRECTORS ARE FORWARDED TO AND ADDRESSED BY MANAGEMENT. 6. FOLLOWING BOARD APPROVAL, MANAGEMENT APPROVES 990 FOR FILING AND 990 IS FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C CRE REQUIRES ITS DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE TO THE BOARD CHAIR OR HIS DESIGNEE PRIOR TO THE OPENING OF ANY NEGOTIATIONS OR DISCUSSIONS CONCERNING A TRANSACTION. IN ADDITION TO THIS CONTINUING OBLIGATION, INTERESTED PERSONS COVERED BY THE POLICY MUST AGAIN DISCLOSE POTENTIAL CONFLICTS FROM THE PREVIOUS YEAR AT THE END OF EACH FISCAL YEAR. ALL INTERESTED PERSONS COVERED BY THE POLICY MUST PREPARE A BRIEF LETTER DESCRIBING THE TRANSACTION, THEIR INTEREST IN IT, AND WHY THE TRANSACTION IS IN THE BEST INTEREST OF CRE. THE TRANSACTION IS THEN REVIEWED CAREFULLY TO ENSURE THAT IT SHOULD BE ENTERED INTO. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PARTY IS EXCLUDED FROM THE BOARD DISCUSSION AND APPROVAL OF SUCH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS USED BY CRE FOR DETERMINING AND DOCUMENTING COMPENSATION FOR THE PRESIDENT & CEO IS: 1. CRE HUMAN RESOURCES (HR) STAFF COMPILES A SURVEY ON COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR COMPARABLE POSITIONS AND PROVIDES THE DATA TO THE CRE HR BOARD HUMAN RESOURCES COMMITTEE; 2. THE BOARD HUMAN RESOURCES COMMITTEE REVIEWS THE COMPARABILITY DATA; 3. THE HUMAN RESOURCES COMMITTEE COMPARES THE PROPOSED SALARIES FOR THE EMPLOYEE WITH THE COMPARABLE DATA, DETERMINES THE REASONABLENESS OF THE PROPOSED COMPENSATION PACKAGE. IF THE COMMITTEE DETERMINED THE REASONABLE COMPENSATION IS HIGHER OR LOWER THAN THE RANGE OF COMPARABLE DATA OBTAINED, THEY ARTICULATE THE BASIS FOR DETERMINATION; AND 4. THE HUMAN RESOURCES COMMITTEE TAKES THE CEO COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 CRE MAKES ITS AUDITED FINANCIAL STATEMENTS AND 990 AVAILABLE TO THE PUBLIC BY POSTING THEM ON ITS WEBSITE. IN ADDITION, CRE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 228 PARK AVE S PMB 78695 NEW YORK, NY 10003-1502 OR BY CALLING (212) 894-3394.