Overview
What is Resource Exchange International Inc?
Resource Exchange International Inc, based in Colorado Springs, Colorado, is a nonprofit organization that offers both in-person and virtual education and training to individuals in developing and emerging societies. Their goal is to strengthen the capabilities of these nations, foster international economic development, and promote cross-cultural exchange. Through technical, educational, and cultural exchange programs, they engage, encourage, equip, and empower people to enhance strategic sectors in their emerging nations. Their initiatives span across Africa, Asia, and the Middle East, focusing on areas such as English language training, medicine and healthcare, economics and business, and agriculture. With a team of 37 dedicated professionals, they build partnerships with change agents and strategic institutions to provide technical and advisory assistance, ultimately contributing to the betterment of these communities.
Official website here: www.resourceexchangeinternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
Resource Exchange International Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its high standards in accountability and financial management. The organization has demonstrated a strong commitment to transparency, with 88% of its board members being independent and a comprehensive set of policies in place to mitigate conflicts of interest and ensure proper oversight.
Strengths of the nonprofit include its impressive program expense ratio of 80.48%, indicating that a significant portion of its expenditures directly supports its mission. Additionally, the fundraising efficiency is notable, with only $0.12 spent to raise a dollar, showcasing effective use of resources. The organization has no reported material diversion of assets, reinforcing its fiscal integrity.
However, while the organization performs well overall, its working capital ratio of 0.38 years suggests that it may face challenges in maintaining sufficient liquidity to cover short-term obligations. This is an area that could benefit from further attention to ensure financial stability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Resource Exchange International Inc legitimate?
Resource Exchange International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Resource Exchange International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $351,111
Professional Fundraising Fees: $1,799
Other Salaries and Wages: $1,223,389
For more financial information, click here
Official website here: www.resourceexchangeinternational.org
What is the mission statement of Resource Exchange International Inc?
Resource Exchange International Inc's mission is to engage, encourage, and empower individuals in developing nations to strengthen the strategic sectors of their emerging nations. This is achieved through volunteer professionals collaborating with local counterparts, organizing events such as visiting professorships, short-term seminars, and conferences, cultural exchange programs, and long-term cooperative ventures. REI also provides technical and advisory assistance through partnerships with change agents and strategic institutions, including governmental entities, universities, technical schools, and medical clinics. Currently, their programs are active in Africa, Asia, and the Middle East, focusing on areas like English language training, medicine and healthcare, economics and business, and agriculture.
Official website here: www.resourceexchangeinternational.org
What is the revenue of Resource Exchange International Inc?
Resource Exchange International Inc's revenue in 2024 was $2,309,237.
Official website here: www.resourceexchangeinternational.org
Who are the executives of Resource Exchange International Inc and what are their salaries?
The average compensation at Resource Exchange International Inc during 2024 was $43,736. There are 36 employees and 44 volunteers at Resource Exchange International Inc.
Here are 12 key members and their salaries:
- Compensation: $88,039
- Related: $0
- Other: $43,290
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $87,452
- Related: $0
- Other: $12,547
- Compensation: $44,530
- Related: $0
- Other: $54,710
- Compensation: $1,098
- Related: $0
- Other: $10,445
Official website here: www.resourceexchangeinternational.org
Where can I find the form 990 for Resource Exchange International Inc?
Resource Exchange International Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.resourceexchangeinternational.org
Learn more at the official website: www.resourceexchangeinternational.org
Mission Statement of Resource Exchange International Inc
Resource Exchange International Inc, in its mission, aims to engage, encourage, equip, and empower individuals in developing nations to strengthen the strategic sectors of their emerging nations. The nonprofit accomplishes this by collaborating with local professionals, organizing educational forums such as visiting professorships, short-term seminars, conferences, cultural exchange programs, and long-term cooperative ventures. Furthermore, REI provides technical and advisory assistance through partnerships with change agents and strategic institutions, including governmental entities, universities, technical schools, and medical clinics. REI's programs currently operate in Africa, Asia, and the Middle East, offering training in various fields such as the English language, medicine and healthcare, economics and business, and agriculture.
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Impact
July, 2024
Resource Exchange International Inc engages, encourages, equips, and empowers individuals in developing nations to strengthen the strategic sectors of their emerging nation. Through in-person and online education and training programs, REI works alongside local professionals to plan forums such as visiting professorships, seminars, conferences, and cultural exchange programs. By providing technical and advisory assistance in partnership with governmental entities, universities, technical schools, and medical clinics, REI promotes international economic development, cross-cultural exchange, and international goodwill and understanding.
Through its programs in Africa, Asia, and the Middle East, REI focuses on training in English language, medicine and healthcare, economics and business, and agriculture. By fostering collaborations and exchanging knowledge, REI contributes to the growth and development of communities in these regions, ultimately helping individuals build their nations and create a more sustainable future.
This information is meant to be a general summary of Resource Exchange International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $20,126
- Gross Receipts: $2,409,183
Assets and Liabilities:
- Total Assets: $1,228,770
- Total Liabilities: $137,850
- Net Assets: $1,090,920
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Organization Details
Founding Year
1990
Principal Officer
Kenneth D Erdmann
NTEE Category
Code: Q300 - International
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