NAEIR National Association for the Exchange of Industrial Resources
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
NAEIR National Association for the Exchange of Industrial Resources meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to obtain, catalog, and redistribute donated property to its members."
Year, State Incorporated:
1977, DC
National Association for the Exchange of Industrial Resources (NAEIR) reports that it 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 non-profit organizations that are members of NAEIR. All merchandise received by NAEIR must be used towards individuals who are ill, those in need, or minors. Member organizations may 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, 2024, NAEIR National Association for the Exchange of Industrial Resources's program expenses were:
Program services: $85,670,587
Total Program Expenses: $85,670,587
Chief Executive
Gary C. Smith, President and Chief Executive Officer
Compensation*
$334,349
Chair of the Board
Marvin H. Dahlberg
Chair's Profession / Business Affiliation
President, Credit Bureau of Galesburg
Board Size
5
Paid Staff Size
38
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Former Vice President and Chief Financial Officer Robert B. Gilstrap was the highest compensated employee, receiving $484,166.
Method(s) Used:
Direct mail appeals, Internet
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $79,746,935, 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, 2024.
Source of Funds
| Interest income | $11,954 |
| Miscellaneous income | $274,510 |
| In-kind contributions | $79,746,935 |
| Transportation and handling fees | $6,959,750 |
| Membership dues and fees | $206,536 |
| Investment income | $250,138 |
| Total Income | $87,449,823 |
Programs: 97% Fundraising: 1% Administrative: 2%
| Total Income | $87,449,823 |
| Total expenses: | $87,961,673 |
| Program expenses | $85,670,587 |
| Fundraising expenses | $800,597 |
| Administrative expenses | $1,490,489 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-511,850 |
| Beginning Net Assets | $98,076,928 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $97,565,078 |
| Total Liabilities | $1,891,351 |
| Total Assets | $99,456,429 |
Note: According to NAEIR's financials for the year ended June 30, 2024, the organization received $79,746,935 in contributed goods and services including clothing and household goods ($27,381,747), personal care and hygiene products ($21,458,836), office furniture ($9,092,081), maintenance and janitorial goods ($7,277,906), paper goods ($4,659,272), home decor ($3,776,298), craft and promotional items ($2,507,864), children's items ($2,320,512), and miscellaneous items ($1,272,419).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance