NAEIR National Association for the Exchange of Industrial Resources meets the 20 Standards for Charity Accountability.
National Association for the Exchange of Industrial Resources (NAEIR) receives donations of excess product inventory from companies and corporations across the United States. After processing, the merchandise is redistributed to qualified schools, teachers, churches, and 501(c)3 nonprofit organizations that are members of NAEIR. All merchandise received by NAEIR must be used for the care of the ill, the needy, or minors, and cannot be bartered, traded, or sold. Member organizations can request products through catalog offers or NAEIR's online requesting website. The organization states that the merchandise is free but member organizations must cover the costs of nominal handling charges to process product requests.
For the year ended June 30, 2020, NAEIR National Association for the Exchange of Industrial Resources's program expenses were:
Program services |
$106,409,052 |
Total Program Expenses: |
$106,409,052 |
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Chief Executive
Gary C. Smith, President and Chief Executive Officer
-
Compensation*
$299,563
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Chair of the Board
Marvin Dahlberg
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Chair's Profession / Business Affiliation
Retired, Regional President, First Bank
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Board Size
5
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Paid Staff Size
45
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $72,653,196, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on NAEIR National Association for the Exchange of Industrial Resources's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Product inventory contributions |
$72,653,196 |
Transportation and handling fees |
$7,974,628 |
Membership dues and fees |
$377,785 |
Miscellaneous |
$148,717 |
Gain on investments, net |
$102,353 |
Interest income |
$1,052 |
Total Income |
$81,257,731 |
- Programs: 98%
- Fundraising: 2%
- Administrative: Less than 1%
Total Income |
$81,257,731 |
Program expenses |
$106,409,052 |
Fundraising expenses |
$2,079,610 |
Administrative expenses |
$731,788 |
Other expenses |
$0 |
Total expenses: |
$109,220,450 |
Income in Excess of Expenses |
$-27,962,719 |
Beginning Net Assets |
$145,161,465 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$117,198,746 |
Total Liabilities |
$2,821,409 |
Total Assets |
$120,020,155 |
Note: According to the organization's audited financial statements for the year ended June 30, 2020, NAEIR received in-kind contributions totaling $72,653,193 in the form of product inventory.