2017-11-09T19:38:40-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2016-01-01 411772958 REAL RESOURCES INC REAL 6127295444 5320 WEST 23RD STREET NO 130 MINNEAPOLIS MN 55416 PHILIP D WOLF CFO 6127295444 2017-11-09 1 LARRY ADAMS P01314654 6123764500 67.137.57.251 2017-11-09 14:29:15 CS P 662AFBF7F2F9883F5E910BA2CC57A7F69F389170 4A6DB1B1FC9DBA9B5F2864C6E754A05CFDE1F644 2016 2018-03-14 21:41:22Z GARY CLARK 5320 WEST 23RD STREET NO 130 MINNEAPOLIS MN 55416 11683863 0 X WWW.REALRESOURCES.COM X 1994 DE YOUTH FAITH FORMATION & GROWTH/ TRAINING AND DEVELOPMENT FOR YOUTH PASTORS AND YOUTH LEADERSHIP X 11 10 431 200 117477 -76769 220979 62519 14761192 9737811 -9535 -1002291 238662 111753 15211298 8909792 0 0 0 0 5550109 4766521 0 0 0 11171686 7061782 16721795 11828303 -1510497 -2918511 4227475 2441339 5623273 6755648 -1395798 -4314309 X TO HELP TEENAGERS KNOW AND FOLLOW JESUS CHRIST AND EQUIP AND ENCOURAGE YOUTH LEADERS IN MINISTERING TO THEM. 0 1 7729152 0 9726726 YOUTHWORKS PROVIDED 26,800 SHORT-TERM MISSION EXPERIENCES TO YOUTH GROUPS AT SITES IN THE USA AND CANADA. YOUTH SPECIALTIES HOSTED 2,259 YOUTH PASTORS AND WORKERS AT THE NYWC (NATIONAL YOUTH WORKER CONVENTION) WHERE THEY RECEIVED TRAINING, ENCOURAGEMENT AND WERE EQUIPPED TO MINISTER TO THE NEEDS OF THEIR YOUTH GROUPS, CONDUCTED 8 REGIONAL PLANET WISDOM YOUTH CONFERENCES DISCIPLING 8,450 YOUTH IN THEIR WALK OF FAITH. E625 (FORMERLY EJ MINISTRIES) HAS A PRESENCE IN ALL THE SPANISH-SPEAKING COUNTRIES OF THE WORLD, SERVING THOUSANDS THROUGH THIS WEB, SPECIALIZED LITERATURE, THE ONLINE INSTITUTE 625 AND CONDUCTING SEMINARS, FORUMS AND RETREATS THROUGH TEAMS AND HOST CHURCHES AROUND THE WORLD. 7729152 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 181 0 431 1 1 1 1 CA 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 MN X PHILIP D WOLF 6127466462 5320 WEST 23RD STREET NO 130 MINNEAPOLIS MN 55416 GARY CLARK CEO 40.00 5.00 X X 166400 0 40583 STEVE COLEMAN CHAIRMAN 1.00 0.00 X X 0 0 0 SHARON SAMPSON VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JIM OLSON TREASURER 1.00 0.00 X X 0 0 0 JOE CARUSO DIRECTOR 1.00 0.00 X 0 0 0 ANDREW LONSBURY DIRECTOR 1.00 0.00 X 0 0 0 RAFA ROBERT DIRECTOR 1.00 0.00 X 0 0 0 MATT RUNION DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY HOANG DIRECTOR 1.00 0.00 X 0 0 0 PAMELA ERWIN DIRECTOR 1.00 0.00 X 0 0 0 EDRIN WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 CESAR CASTILLEJOS DIRECTOR 1.00 0.00 X 0 0 0 PHILIP D WOLF CFO 40.00 4.00 X 119184 0 54287 285584 0 94870 2 0 1 0 BRIAN HOWE CONSULTING LLC 7105 WOODLAND TRAIL GREENFIELD MN 55373 MARKETING CONSULTING 193342 ATOMIC DATA LLC 250 MARQUETTE AVE SO SUITE 225 MINNEAPOLIS MN 55401 TECHNOLOGY SERVICES 178751 B&L SOUND & LIGHTING LLC 2222 COMMERCE STREET ARLINGTON TX 76011 LIGHT & SOUND EQT 151872 IMAGO MEDIA INC 216 PRAIRIE STREET ELGIN IL 60120 CREATIVE CONTENT 143047 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 TECHNOLOGY SERVICES 123237 5 35510 27009 8495 62519 PROGRAM REVENUE 711300 9060269 9060269 BIGSTUF PRODUCTIONS 711300 677542 564815 112727 9737811 3729 3729 7525 1627256 2273 2638528 5252 -1011272 -1006020 -1006020 234912 133270 101642 101642 MISCELLANEOUS REVENUE 900099 5361 5361 ADVERTISING 541800 4750 4750 10111 8909792 9726726 117477 -996930 X 380454 380454 3500677 2467842 1032835 129195 64887 64308 476786 207345 269441 279409 181825 97584 61341 1646 59695 31299 31299 2155792 1299403 856389 373585 62412 311173 684836 487750 197086 260904 68694 192210 654882 456175 198707 1879319 1765647 113672 41103 29419 11684 149172 55830 93342 506705 357866 148839 BANK FEES/CREDIT CARD F 159280 121486 37794 EQUIPMENT MAINTENANCE A 103564 100925 2639 11828303 7729152 4099151 0 376061 91996 5552 5376 124815 773972 619763 103717 50765 428240 371465 781792 518215 982329 263577 250000 250000 1291253 665508 14425 4227475 2441339 2612707 5615346 2023993 1131974 975137 0 11436 8328 5623273 6755648 X -1395798 -4314309 -1395798 -4314309 4227475 2441339 -2918511 0 X 0 1 X 1 0 X 603149 2305821 109162 220979 62519 3301630 2799500 2393765 16332381 15300890 9972723 46799259 3402649 4699586 16441543 15521869 10035242 50100889 0 0 0 50100889 97141 48184 33864 4410 3729 187328 97141 48184 33864 4410 3729 187328 3957 39120 3178 1464 5361 53080 3503747 4786890 16478585 15527743 10044332 50341297 0.99520 0.99320 0.00370 0.00500 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2012 AMOUNT: $ 3,957. 2013 AMOUNT: $ 39,120. 2014 AMOUNT: $ 3,178. 2015 AMOUNT: $ 1,464. 2016 AMOUNT: $ 5,361. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 781792 518215 263577 263577 INVESTMENTS IN CAPTIVE INSURANCE COMPANY 250000 C 250000 CAPITAL LEASE PAYABLE 8328 8328 X 9683936 809654 809654 8874282 35510 35510 8909792 12280327 487534 487534 11792793 35510 35510 11828303 PART X, LINE 2: REAL RESOURCES, INC. IS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS A PUBLIC CHARITY UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE. THE ORGANIZATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 133,270. REVENUE OF YWCMS REPORTED IN A SEPARATE RETURN 196. REVENUE OF FOUNDATION REPORTED IN A SEPARATE RETURN 342,458. DISCONTINUED OPERATIONS 333,730. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 35,510. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 133,270. EXPENSES OF YWCMS REPORTED IN A SEPARATE RETURN 48,728. EXPENSES OF FOUNDATION REPORTED IN A SEPARATE RETURN 305,536. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 35,510. NORTH AMERICA 0 4 PROGRAM SERVICES YOUTH MISSION SITE 63102 SOUTH AMERICA 0 0 PROGRAM SERVICES TECHNOLOGY & SERVICES 192849 NORTH AMERICA 0 4 INVESTMENTS N/A 40000 0 8 0 0 0 8 295951 0 295951 0 0 1 0 0 0 PART I, LINE 3: ACCRUAL METHOD X X X X 0 0 0 0 0 0 0 0 0 GARY CLARK CEO 166400 0 0 0 0 0 10296 0 30287 0 206983 0 0 0 PHILIP D WOLF CFO 119184 0 0 0 0 0 7920 0 46367 0 173471 0 0 0 CASH 2016-07-31 1098667 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) ACCOUNT RECEIVABLE 2016-07-31 51835 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) PREPAID EXPENSES 2016-07-31 116604 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) INVENTORY 2016-07-31 34136 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) DEPOSITS 2016-07-31 5747 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) FIXED ASSETS, NET 2016-07-31 600000 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) TRADEMARKS, NET 2016-07-31 300000 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) GOODWILL 2016-07-31 259582 APPRAISAL/SALE AGREEMENT 812772278 BIGSTUF MINISTRIES INC 5870 CHARLOTTE LANE SUITE 300 CUMMING GA 30040 501(C)(3) 0 0 0 0 FORM 990, PART III, LINE 3 DISCONTINUED OPERATIONS REPORTED AT DECEMBER 31, 2016 INCLUDE SELLING BIGSTUF PRODUCTIONS, INC. AND YOUTH MINISTRY RESOURCES, INC. (BIGSTUF MINISTRIES, OR BSM) ON JULY 31, 2016. BSM PROVIDED WEEKLY SUMMER WORSHIP CAMP EVENTS FOR CHRISTIAN YOUTH IN THE SOUTHEASTERN UNITED STATES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS PREPARED BY OUR INDEPENDENT FINANCIAL AUDIT FIRM, REVIEWED BY THE ORGANIZATION'S CFO AND THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE FINANCE COMMITTEE WILL PROVIDE ITS APPROVAL TO FILE WITH THE CFO. THE FINANCE COMMITTEE WILL ADVISE THE BOARD THAT THE FILING HAS BEEN MADE AND THE BOARD WILL RATIFY SUCH ACTION. FORM 990, PART VI, SECTION B, LINE 12C EACH RESPONSIBLE PERSON ANNUALLY COMPLETES A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. RESPONSIBLE PERSONS INCLUDE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES. EACH RESPONSIBLE PERSON MUST REVIEW THE POLICY ANNUALLY AND COMPLETE A WRITTEN DISCLOSURE FORM WHICH IS THEN MADE AVAILABLE TO THE COMMITTEE APPOINTED TO ADDRESS CONFLICT OF INTEREST ISSUES. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A TRUSTEE OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE ALL MATERIAL FACTS. A PERSON WHO HAS A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN, AND IS NOT PERMITTED TO HEAR, THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON MAY NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. ALL PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. RESPONSIBLE PERSONS WHO ARE NOT TRUSTEES AND WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION ARE REQUIRED TO DISCLOSE THE INFORMATION TO THE CHAIR OR THE CHAIR'S DESIGNEE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON MAY NOT TAKE ANY ACTION THAT MAY AFFECT THE ORGANIZATION'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE CHAIR OR THE CHAIR'S DESIGNEE DETERMINES WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HUMAN RESOURCES COMMITTEE, WITH THE ASSISTANCE OF COMPENSATION SURVEYS, DETERMINED THE COMPENSATION OF THE CEO AND REVIEWED THE COMPENSATION OF OTHER OFFICERS. THE PROCESS OF DETERMINING THE OFFICERS' COMPENSATION LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN 2014 INCLUDING THE CEO, G. CLARK AND THE CFO, P. WOLF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 315,184. MANAGEMENT AND GENERAL EXPENSES 599,034. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 914,218. GRAPHIC DESIGN AND VIDEO PRODUCTIONS: PROGRAM SERVICE EXPENSES 170,044. MANAGEMENT AND GENERAL EXPENSES 20,280. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,324. EVENT PRODUCTION SERVICE: PROGRAM SERVICE EXPENSES 689,732. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 689,732. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 124,443. MANAGEMENT AND GENERAL EXPENSES 237,075. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 361,518. REAL RESOURCES FOUNDATION 5320 WEST 23RD STREET SUITE 130 MINNEAPOLIS MN 55406 411973954 FUND DISTRIBUTION MN 501(C)(3) LINE 12A, I REAL RESOURCES INC 1 YOUTHWORKS CANADIAN MISSION SERVICES 111-2-3415 DIXIE ROAD MISSISSAUGA ONTARIO CA L4Y4J6 MISSION SITES CA N/A N/A REAL RESOURCES INC 1 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 YOUTHWORKS CANADIAN MISSION SERVICES M 62842 SERVICES PROVIDED YOUTHWORKS CANADIAN MISSION SERVICES D 65902 LOAN MADE REAL RESOURCES FOUNDATION INC E 3092936 LOAN RECEIVED REAL RESOURCES FOUNDATION INC C 35510 GRANT RECEIVED