2019-08-14T14:54:49-05:00 2018-09-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2017-10-01 133048638 COMMUNITY RESOURCE EXCHANGE INC COMM 2128943394 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 ACCOUNTANT AUTHORIZED PRESIDENT 2128943394 2019-02-12 1 JAMES J REILLY P00183769 2126617777 184.74.172.82 2019-08-13 16:48:41 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 22603B5F3D0F044F5E1D98A58B2AA5892463CC73 2017 2019-02-21 02:37:17Z KATHARINE J LEONBERGER 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 5528315 0 X WWW.CRENYC.ORG X 1979 NY COMMUNITY RESOURCE EXCHANGE, INC. ("CRE") HELPS NEW YORK NONPROFIT LEADERS BUILD SUSTAINABLE, EFFECTIVE NONPROFITS. 12 12 32 12 0 27764 2349423 2654990 1591083 2281037 29911 28462 122311 113027 4092728 5077516 0 0 0 0 2708598 3177298 0 0 70597 964203 940002 3672801 4117300 419927 960216 3944279 5133100 460824 619110 3483455 4513990 X SEE SCHEDULE O. 0 0 3255641 2281037 SEE SCHEDULE O. 3255641 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 38 0 1 32 1 1 1 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X KATHARINE LEONBERGER 2128943394 42 BROADWAY 20TH FLOOR NEW YORK NY 10004 PATRICIA HEWITT CHAIR 4.00 X X 0 0 0 BROOKE RICHIE-BABBAGE VICE CHAIR 2.00 X X 0 0 0 ANNE H HESS TREASURER 2.00 X X 0 0 0 BENJAMIN F LORICK SECRETARY 2.00 X X 0 0 0 MARGARET BOOTH BOARD MEMBER 2.00 X 0 0 0 GREGG S FISHER BOARD MEMBER 2.00 X 0 0 0 RIA TABACCO MAR BOARD MEMBER 2.00 X 0 0 0 RAYMOND D HORTON BOARD MEMBER 2.00 X 0 0 0 SAMANTHA G LASRY FLEISHER BOARD MEMBER 2.00 X 0 0 0 JERRY H MARCUS BOARD MEMBER 2.00 X 0 0 0 ED HENRY BOARD MEMBER 2.00 X 0 0 0 MARC WEINGARTEN BOARD MEMBER 2.00 X 0 0 0 KATHARINE J LEONBERGER PRESIDENT AND CEO 40.00 X 208233 0 36969 JEAN R LOBELL CHIEF PROGRAM OFFICER 40.00 X 125718 0 25376 FIONA KANAGASINGAM DIRECTOR OF CONSULTING 40.00 X 123737 0 18126 RANDALL K QUAN SENIOR CONSULTANT 40.00 X 103332 0 16945 561020 0 97416 4 0 1 0 0 2427 781539 1871024 25050 2654990 CONSULTING FEES 541610 2221037 2221037 DYCD - CONTRACTS 900099 60000 60000 2281037 28462 28462 109574 0 109574 109574 109574 450799 450799 0 0 3453 2427 0 3453 3453 5077516 2281037 0 141489 372906 299051 68059 5796 2264497 1811148 416292 37057 83832 68235 14680 917 451064 367143 78985 4936 4999 4069 875 55 5321 3677 1547 97 24699 17068 7182 449 96159 83060 11271 1828 82183 62218 18343 1622 400155 264109 128043 8003 44684 32675 6379 5630 29424 19420 9416 588 13413 8853 4292 268 SUBCONTRACTORS & CLIENT 121671 121671 MARKETING AND COMMUNICA 48649 36819 10066 1764 SUBSCRIPTIONS & MEMBERS 37844 27378 9276 1190 STAFF DEVELOPMENT 35800 29047 6356 397 4117300 3255641 791062 70597 500 500 2516649 2887637 42855 60318 596718 1355319 148362 123135 359926 316297 59148 43629 580047 662562 3944279 5133100 320503 449029 140321 170081 460824 619110 X 2665043 3078723 818412 1435267 3483455 4513990 3944279 5133100 960216 70319 0 X 0 1 X 1 0 X 1783584 2102050 2034648 2349423 2654990 10924695 1783584 2102050 2034648 2349423 2654990 10924695 783385 10141310 5138 1713 155463 148294 138036 448644 304 300 243 847 11374186 0.89160 0.93460 X 1351354 150000 1501354 1351354 1351354 1474195 122841 1351354 1474195 1474195 1474195 1474195 1.00000 0 0 201615 174651 26964 158311 141646 16665 43629 5157464 70319 9629 79948 5077516 0 5077516 4126929 9629 9629 4117300 0 4117300 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. DURING FY 2018, CRE TRANSFERED $150,000 FROM OPERATING TO BOARD-DESIGNATED. X X X 0 0 0 0 0 0 0 0 0 KATHARINE J LEONBERGER PRESIDENT AND CEO 208233 0 0 0 0 0 11250 0 25719 0 245202 0 0 0 JEAN R LOBELL CHIEF PROGRAM OFFICER 125718 0 0 0 0 0 6401 0 18975 0 151094 0 0 0 X 2 25050 FMV 0 0 0 PART III - LINE 1 COMMUNITY RESOURCE EXCHANGE, INC. ("CRE") 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. WE BELIEVE THAT SOCIAL SECTOR ORGANIZATIONS DESERVE ACCESSIBLE SOLUTIONS TO THE CHALLENGES THEY FACE. WE UNDERSTAND THAT EACH ORGANIZATION IS DIFFERENT, AND OUR CUSTOMIZED CONSULTING, COACHING, PEER-BASED LEARNING, TRAINING, AND ASSESSMENT REFLECT THIS. PART III - LINE 4A FOR 38 YEARS, CRE HAS WORKED AT THE INTERSECTION OF NONPROFITS AND COMMUNITIES BUILDING LEADERS AND STRENGTHENING ORGANIZATIONS TO DELIVER IMPACT. CRE CARRIES OUT ITS MISSION THROUGH OUR DIVERSE TEAM OF EXPERT CONSULTANTS WHO PROVIDE CUSTOMIZED STRATEGIES THAT BLEND DEEP CONSULTING EXPERIENCE WITH OPERATIONAL EXPERTISE TO HELP LEADERS SUCCEED IN AN ENVIRONMENT OF COMPLEXITY AND CHANGE. WE TAP THE TRANSFORMATIVE POWER OF ASSESSMENT, DATA, LEADERSHIP, COLLABORATION, AND STRATEGY TO HELP THE ORGANIZATIONS WE SERVE PLAN SMARTLY, OPERATE EFFECTIVELY, AND PRODUCE RESULTS. OUR WORK FOCUSES ON THE FOUNDATIONS OF ORGANIZATIONAL SUCCESS: EFFECTIVE LEADERSHIP, HIGH PERFORMING STAFF, FINANCIAL STABILITY, AND IMPACTFUL PROGRAMS. WHEN ORGANIZATIONS ARE CLEAR ABOUT THEIR SOCIAL VALUE, DELIVER HIGH QUALITY WORK, PRACTICE CONTINUOUS LEARNING, AND CAN SUSTAIN THEIR RESULTS OVER TIME, THEY ARE STRONGER AND MORE IMPACTFUL. CRE HARNESSES THE LESSONS LEARNED FROM EACH ENGAGEMENT TO DEVELOP STRATEGIES THAT BENEFIT THE SOCIAL SECTOR AS A WHOLE. TODAY, CRE IS PROUD TO BE THE GO-TO PARTNER ANNUALLY FOR APPROXIMATELY 500 ORGANIZATIONS - LARGE AND SMALL - WORKING TO CREATE OPPORTUNITY AND CATALYZE CHANGE. OUR TAGLINE SAYS IT ALL: STRONG NONPROFITS = STRONG COMMUNITIES. IN FY 2018, WE WERE PRIVILEGED TO WORK WITH NEARLY 500 NONPROFITS ACROSS NYC'S FIVE BOROUGHS AND BEYOND, WITH BUDGETS RANGING FROM LESS THAN $100,000 TO $100 MILLION, FROM NEAR START-UPS TO THOSE WITH MORE THAN 100 YEARS OF SERVICE. MANY OF THESE ARE RETURNING CLIENTS. NONPROFITS CHOOSE TO WORK WITH CRE BECAUSE WE GET IT; WE CARE; WE CUSTOMIZE; WE FOCUS ON RESULTS; AND WE PARTNER WITH THEM FOR THE LONG TERM. OUR FOUR SERVICE OFFERINGS INCLUDE STRATEGY AND PLANNING, ORGANIZATIONAL MANAGEMENT, TALENT AND INNOVATION, AND LEADERSHIP DEVELOPMENT. OUR SERVICES STRATEGY AND PLANNING CRE APPROACHES ALL PLANNING STRATEGIC PLANNING, BUSINESS PLANNING, AND PROGRAM PLANNING AS A PROCESS TO MAKE THE BEST DECISIONS NOW THAT WILL GUIDE THE ORGANIZATION IN THE FUTURE. WE PARTNER WITH OUR CLIENTS TO ENSURE THEY ARE INFORMED BY MEANINGFUL DATA, LEADING TO ACTIONABLE DECISIONS. PLANNING ALIGNS STAKEHOLDERS, SETS CLEAR GOALS FOR SUCCESS, AND SUPPORTS ORGANIZATIONS IN MAKING EFFECTIVE USE OF LIMITED RESOURCES TO ENSURE SUSTAINABILITY WHILE MAXIMIZING AND MEASURING IMPACT. THE END-GOAL OF ALL PLANNING EFFORTS IS TO ENABLE NONPROFITS TO BETTER ACHIEVE THEIR MISSIONS IN A FINANCIALLY SUSTAINABLE WAY. ORGANIZATIONAL MANAGEMENT CRE KNOWS THAT NONPROFITS OPERATE IN A COMPLEX ENVIRONMENT AND WORKS WITH THEM TO PRIORITIZE IMPACT AND SUSTAINABILITY AS THEY GROW. WE USE CUSTOMIZED ASSESSMENT TOOLS AND METHODS TO DETERMINE WHAT CHANGES AN ORGANIZATION SHOULD IMPLEMENT, WHEN, AND WHY. WE PARTNER WITH THEM TO ACHIEVE THESE RESULTS, PAYING CLOSE ATTENTION TO WHAT IS REQUIRED TO REALIZE AND MANAGE CHANGE. WHETHER IT IS BOARD DEVELOPMENT, HR MANAGEMENT, OR RISK ASSESSMENT, OUR TEAM'S EXTENSIVE KNOWLEDGE PAIRED WITH OUR PRACTICAL APPROACH ALLOWS NONPROFITS TO ACHIEVE STRONGER RESULTS. TALENT AND INNOVATION AT CRE WE KNOW THAT HAVING THE RIGHT PEOPLE IN THE RIGHT ROLES IS ESSENTIAL TO AN ORGANIZATION'S GROWTH AND SUCCESS. OUR TALENT MANAGEMENT AND INNOVATION PRACTICE NOT ONLY FOCUSES ON DEVELOPING PRACTICES, PROCESSES, AND SYSTEMS THAT ATTRACT, DEVELOP, AND RETAIN TALENT, BUT GOES DEEPER TO ADDRESS TEAM EFFECTIVENESS, CULTURE CHANGE, AND EXECUTIVE SEARCH. WE ALSO CHALLENGE OURSELVES AND OUR CLIENTS TO USE APPROACHES THAT FOSTER INNOVATION SO THAT TOGETHER WE DEVELOP BOLD IDEAS THAT BETTER SERVE OUR COMMUNITIES. LEADERSHIP DEVELOPMENT BUILDING EFFECTIVE LEADERS IS AT THE HEART OF WHAT WE DO AT CRE. WE STRENGTHEN THE LEADERSHIP CAPABILITIES OF ESTABLISHED AND EMERGING NONPROFIT LEADERS THROUGH PEER-BASED LEARNING, CUSTOMIZED TRAINING, AND EXECUTIVE COACHING. BECAUSE MOST PEOPLE LEARN BEST BY DOING, WE USE ADULT LEARNING THEORIES IN ALL OF OUR LEADERSHIP DEVELOPMENT, TRAINING, AND COACHING ACTIVITIES. IN ADDITION, OUR WEBSITE AND SOCIAL MEDIA PRESENCE CONTINUE TO BE A RESOURCE TO ORGANIZATIONS IN NEW YORK CITY AND BEYOND. IN FY18, CRE HAD ABOUT 22,000 VISITORS TO OUR WEBSITE, OF WHICH 85% WERE UNIQUE VISITS. ON THE SOCIAL MEDIA FRONT, IN FY18, CRE INCREASED OUR FACEBOOK LIKES TO NEARLY 1,300 AND OVER 2,100 FOLLOWERS ON TWITTER. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS USED BY COMMUNITY RESOURCE EXCHANGE, INC. TO REVIEW FORM 990 BEFORE FILING IS: 1. OUTSIDE AUDITING FIRM PREPARES CRE'S 990 ONCE AUDIT IS COMPLETED; 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 THEN FORWARDED TO THE BOARD OF DIRECTORS WHICH IS GIVEN 2-5 BUSINESS DAYS TO REVIEW. 5. COMMENTS FROM THE BOARD OF DIRECTORS ARE FORWARDED TO MANAGEMENT. 6. 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 HER 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 42 BROADWAY, 20TH FLOOR, NEW YORK, NY 10004 OR BY CALLING (212) 894-3394.