REAL RESOURCES INC

EIN: 411772958 501(c)(3) Religion

GOLDEN VALLEY, MN

Total Revenue
$5,780,907
Total Expenses
$5,376,739
Total Assets
$3,751,345
Net Assets
$2,918,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DE
Principal Officer
DAVID BERG
Phone
6127295444
Tax Period
2023-01-01 to 2023-12-31

REAL RESOURCES INC, founded in 1994, is a community nonprofit in the Religion sector that reported $5.8M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $5.4M left a modest 7% surplus.

Mission

TO HELP TEENAGERS KNOW AND FOLLOW JESUS CHRIST AND EQUIP AND ENCOURAGE YOUTH LEADERS IN MINISTERING TO THEM.

Program Service Accomplishments

Program 1
Expenses: $3,254,747 Revenue: $5,193,528

YOUTHWORKS PROVIDED SHORT-TERM MISSION EXPERIENCES TO YOUTH GROUPS AT SITES IN THE USA. E625 HAS A PRESENCE IN ALL THE SPANISH-SPEAKING COUNTRIES OF THE WORLD, SERVING THOUSANDS THROUGH THEIR PREMIUM...

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YOUTHWORKS PROVIDED SHORT-TERM MISSION EXPERIENCES TO YOUTH GROUPS AT SITES IN THE USA. E625 HAS A PRESENCE IN ALL THE SPANISH-SPEAKING COUNTRIES OF THE WORLD, SERVING THOUSANDS THROUGH THEIR PREMIUM DIGITAL CONTENT ACCESSED THROUGH THEIR WEBSITE, E625 AUTHORED BOOKS, THE ONLINE E625 INSTITUTE AND SEMINARS. BORDER PERSPECTIVE CREATES THE OPPORTUNITIES FOR INDIVIDUALS TO SERVE AND LEARN ABOUT IMMIGRATION AT THE U.S. AND MEXICO BORDER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $779,959
Program Service Revenue $4,612,212
Investment Income $162,544
Other Revenue $226,192
TOTAL REVENUE $5,780,907

Expense Breakdown

Grants Paid $39,315
Salaries & Benefits $2,332,269
Fundraising Expenses $0
Program Expenses $3,254,747
Other Expenses $3,005,155
TOTAL EXPENSES $5,376,739

Year-over-Year Comparison

2023 2022 Change
Revenue $5,780,907 $6,221,569 -0.1%
Expenses $5,376,739 $4,948,219 +0.1%
Net Income $404,168 $1,273,350 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
113
Volunteers
160

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$66,250
Total Directors
4
$66,250
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP WOLF CAO/SECRETARY/TREASURER/INTERIM CHAIR 20.00
Officer Director
$62,500 $3,750 $66,250
JIM OLSON CHAIR/TREASURER 3.00
Officer Director
$0 $0 $0
WILLIAM CUMBY DIRECTOR 1.00
Director
$0 $0 $0
DANIEL REEVE DIRECTOR 1.00
Director
$0 $0 $0
ERICA SCHIMELPFENIG PRESIDENT, YOUTHWORKS 40.00
Highest
$107,197 $25,045 $132,242
LUCAS LEYS PRESIDENT, E625 40.00
Highest
$128,842 $10,842 $139,684
CARLOS PINERO VP OF MOBILIZATION 0.00
Highest
$100,676 $24,499 $125,175
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $5,780,907 $5,376,739 $3,751,345 $404,168
2022 $6,221,569 $4,948,219 $4,060,386 $1,273,350
2021 $4,979,217 $4,004,561 $2,778,257 $974,656
2020 $1,986,787 $3,910,637 $3,033,305 $-1,923,850
2019 $8,514,139 $7,859,435 $5,113,504 $654,704
2018 $15,413,157 $7,333,335 $4,018,869 $8,079,822
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