2025-07-16T09:50:50-05:00 2024-09-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-10-01 133048638 COMMUNITY RESOURCE EXCHANGE INC COMM 2128943394 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 TILOMA JAYASINGHE PRESIDENT AND CEO 2128943394 2025-06-26 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2025-03-06 01:10:19Z TILOMA JAYASINGHE 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 2388493 0 X WWW.CRENYC.ORG X 1979 NY SEE SCHEDULE O. 11 11 33 11 0 0 1690763 824354 1477624 1350089 95871 71392 695675 4658 3959933 2250493 0 0 0 0 3213017 2810766 0 0 68824 677178 593776 3890195 3404542 69738 -1154049 4579283 3566811 344922 248486 4234361 3318325 X SEE SCHEDULE O. 0 0 2817602 1354747 SEE SCHEDULE O. 2817602 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 0 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 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY X X X TILOMA JAYASINGHE 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 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 TILOMA JAYASINGHE PRESIDENT AND CEO 40.00 X 230000 0 39158 MELKIS ALVAREZ-BAEZ CHIEF OPERATIING OFFICER 40.00 X 188019 0 10862 GEORGE HSIEH CHIEF PROGRAM OFFICER 40.00 X 187827 0 27412 UNIQUE A BRATHWAITE CHIEF EXTERNAL AFFAIRS OFFICER 40.00 X 159808 0 22277 JEAN LOBELL SENIOR FELLOW 40.00 X 145044 0 20141 JEFFERSON A BALLOW SENIOR FELLOW 40.00 X 150000 0 35715 1060698 0 155565 9 0 1 0 0 3390 820964 824354 CONSULTING FEES 541610 1350089 1350089 1350089 71392 71392 138000 138000 0 0 OTHER INCOME 900099 4658 4658 4658 2250493 1354747 0 71392 262152 212829 43577 5746 2103380 1678484 374961 49935 258699 236501 20005 2193 186535 170528 14425 1582 25725 21640 3681 404 5974 5974 180068 169203 9792 1073 34040 29970 3853 217 141971 119465 20282 2224 19335 18241 414 680 2902 2441 415 46 18203 15317 2601 285 SUBSCRIPTIONS & MEMBERS 85166 72972 7990 4204 SUBCONTRACTORS & CLIENT 44418 44418 STAFF DEVELOPMENT 24525 22225 2073 227 BAD DEBT 8000 8000 3449 3368 73 8 3404542 2817602 518116 68824 281 3162854 2201677 19143 3390 588060 359449 65659 66433 389627 383882 3450 5745 739836 930117 4579283 3566811 295576 157637 49346 90849 344922 248486 X 3537937 2861140 696424 457185 4234361 3318325 4579283 3566811 -1154049 238013 0 X 0 1 X 1 0 X 1933248 2013234 2274677 1690763 824354 8736276 1933248 2013234 2274677 1690763 824354 8736276 813579 7922697 108054 41502 42449 46615 71392 310012 16201 3079 3772 695675 4658 723385 9769673 7405796 0.81090 0.83540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2197778 753124 992363 1958539 2026138 878863 707223 2197778 2028832 890292 892986 2026138 2108244 674652 754064 2028832 2848919 850500 1591175 2108244 0.76700 0.23300 0 0 201615 201615 0 188012 182267 5745 5745 2496119 238013 13587 251600 2244519 5974 5974 2250493 3412155 13587 13587 3398568 5974 5974 3404542 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 8846 0 30312 0 269158 0 0 0 GEORGE HSIEH CHIEF PROGRAM OFFICER 174327 0 13500 0 0 0 6697 0 20715 0 215239 0 0 0 MELKIS ALVAREZ-BAEZ CHIEF OPERATIING OFFICER 174519 0 13500 0 0 0 6707 0 4155 0 198881 0 0 0 JEFFERSON A BALLOW SENIOR FELLOW 150000 0 0 0 0 0 5769 0 29946 0 185715 0 0 0 UNIQUE A BRATHWAITE CHIEF EXTERNAL AFFAIRS OFFICER 159808 0 0 0 0 0 6144 0 16133 0 182085 0 0 0 JEAN LOBELL SENIOR FELLOW 145044 0 0 0 0 0 5579 0 14562 0 165185 0 0 0 PART I AND PART III - LINE 1 COMMUNITY RESOURCE EXCHANGE IS A NONPROFIT CONSULTING FIRM THAT PROVIDES THE STRATEGIES AND TOOLS NEEDED TO BUILD SUSTAINABLE, HIGH-PERFORMING ORGANIZATIONS THAT IMPROVE PEOPLE'S LIVES AND DRIVE SOCIAL CHANGE. WE PARTNER WITH NONPROFITS, FOUNDATIONS, AND GOVERNMENT AGENCIES TO SET AMBITIOUS GOALS FOR SUCCESS AND THEN WE HELP THEM GET THERE. TOGETHER, WE WORK TO REDUCE POVERTY, PROMOTE EQUITY, AND INCREASE OPPORTUNITY. AS NONPROFIT OURSELVES, WE BELIEVE THAT SOCIAL SECTOR ORGANIZATIONS DESERVE ACCESSIBLE SOLUTIONS TO THE CHALLENGES THEY FACE. OUR DIVERSE TEAM OF EXPERT CONSULTANTS PROVIDE CUSTOMIZED STRATEGIES THAT BLEND DEEP CONSULTING EXPERIENCE AND OPERATIONAL EXPERTISE TO HELP LEADERS SUCCEED IN AN ENVIRONMENT OF COMPLEXITY AND CHANGE. WE TAP THE TRANSFORMATIVE POWER OF ASSESSMENT, DATA, STRATEGY, LEADERSHIP, AND COLLABORATION TO HELP ORGANIZATIONS PLAN SMARTLY, OPERATE EFFECTIVELY, AND PRODUCE RESULTS. 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 DIRECTORS HAS 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 HAVE KICKED OFF A NEW AREA OF WORK AROUND AI BECAUSE WE ASPIRE TO BE A LEADER IN ADVANCING A FUTURE WHERE AI BECOMES A TRANSFORMATIVE FORCE FOR GOOD-MAKING BOTH CRE AND OUR CLIENTS MORE EFFECTIVE, ADAPTABLE, AND RESILIENT. OUR GOAL IS TO HELP THE NONPROFIT SECTOR LEVERAGE AI TO STRENGTHEN OPERATIONS, ENHANCE DECISION-MAKING, AND PROMOTE GREATER EQUITY, SUSTAINABILITY, AND MISSION IMPACT ACROSS THE COMMUNITIES WE SERVE. 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.