Public Charity

SCRAP EXCHANGE INC

SCRAP EXCHANGE INC is a Public Charity headquartered in DURHAM, NC. Financial data from the 2024 filing: $2.8M revenue, $2.9M expenses, $6.9M total assets. 13 publicly reported grants to this organization, totaling roughly $317K, appear in IRS filings.

EIN: 561728718 DURHAM, NC Pollution Abatement & Control NTEE: C20 Latest filing: 2024
Total Revenue$2.8M
Total Expenses$2.9M
Total Assets$6.9M
Grant Records13
Funding Total$317K
Filing Years2020–2024

Mission

TO PROMOTE CREATIVITY, ENVIRONMENTAL AWARENESS, AND COMMUNITY THROUGH REUSE.

Where $100 goes at Scrap Exchange Inc

How Scrap Exchange Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$85 Programs the work itself
$13 Management running the organization
$2 Fundraising raising the next dollar

Inside the $85 for programs

$47
Retail operations and creative reuse center:Scrap Exchange operates two retail stores in Durham, nc - the reuse arts shop and the scrap thrift store - which sell donated…
55% of program spending
$33
Reuse arts district and property stewardship:Scrap Exchange manages approximately 10 acres and 80,000 square feet of commercial space in Durham's lakewood shopping center as part of its reuse…
39% of program spending · Reported in the filing: 10 acres
$5
Events, parties, & classes:educational workshops and outreach programming:the organization delivers hands-on creative arts programming through workshops, school visits, festivals, and community events
6% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TREASURER Anna Aneja
EXECUTIVE DIRECTOR Heather A Cook
PRESIDENT Micah Kordsmeier
BOARD MEMBER Stacey Kirby
SECRETARY Tom Dawson
VICE PRESIDENT Whitney Stanley

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$191,682 9 grants
Animal Welfare
$113,900 2 grants
Health & Medicine
$11,510 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.8M $2.9M $6.9M
2023 $2.2M $2.3M $7.1M
2022 $1.6M $2.0M $7.2M
2021 $2.0M $2.3M $6.8M
2020 $2.0M $2.1M $5.7M

Between 2020 and 2024, reported annual revenue grew from $2.0M to $2.8M (+42%), with total assets most recently reported at $6.9M.

Interactive year-over-year charts and full filing details available with membership.

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