Runnemede Industries INC FY2021 filing

Tax-deductible

Cherry Hill, NJ501(c)(3)Since 2003Diseases & DisordersEIN 20-0090179

A supporting organization providing skilled, sighted labor to perform complex operations and augment production to meet customer demand requirements.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $9K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$926K
+62% vs prior year
Spent
$896K
To programs
90%
Net assets
$125K
By yearFY2020–FY2024
Revenue
$926K
FY2021▲ +62%
Revenue by fiscal year
FY2020$572K
FY2021$926K
FY2022$1.4M
FY2023$2.6M
FY2024$2.5M
FY2024$3.5M
Expenses
$896K
FY2021▲ +52%
Expenses by fiscal year
FY2020$588K
FY2021$896K
FY2022$1.5M
FY2023$2.5M
FY2024$2.5M
FY2024$3.4M
Net assets
$125K
FY2021▲ +32%
Net assets by fiscal year
FY2020$95K
FY2021$125K
FY2022$57K
FY2023$105K
FY2024$156K
FY2024$295K

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $811K Management & general 10% · $86K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Former President/CEO
$0Pt VII · Sec A
See Runnemede Industries INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides employment training to economically disadvantaged individuals for Bestwork Industries.

Provided by the organization

This section is blank until Runnemede Industries INC claims this page.

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1 program service account for $811K of program spending, described in the organization's own filed words · FY2020.
01

A supporting organization to bestwork industries for the blind, inc. By providing employment training to economically disadvantaged and under employed individuals, leading to greater independence and productive lives in the community.

$811Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$926K
Ln 12
Fees for servicesLn 2g$882K
Other incomeLn 4–11$44K
Investment incomeLn 3$20
Money outPt IX
$896K
Ln 25
Programscol B$811K
Managementcol C$86K
Owns and owesPt X
$125K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$150K
LiabilitiesLn 26$25K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$882K
Investment incomeLn 3$20
Other incomeLn 4–11$44K
Total revenueLn 12$926K
Assets in detailPt X, end of year
SavingsLn 2$96K
Cash and savings togetherLn 1–2$96K
Total assetsLn 16$150K
LiabilitiesLn 26$25K
Net assetsLn 32$125K
OperationsPt I, VI
EmployeesI 538
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$159K$96K
Total assetsLn 16$159K$150K
LiabilitiesLn 26$64K$25K
Net assetsLn 32$95K$125K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$80K$80K
Payroll taxesLn 10$6K$6K
Other expenses (24a–d)Ln 24$810K$724K$86K
Total functional expensesLn 25$896K$811K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.5M$2.5M$51K$156K 990 PDF
FY2023 $2.6M$2.5M$48K$105K 990 PDF
FY2022 $1.4M$1.5M−$68K$57K 990 PDF
FY2021 Viewing $926K$896K$30K$125K 990 PDF
FY2020 $572K$588K−$16K$95K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $926,469 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $882,036$882,036
VIII-3 Investment incomeExcluded from tax $20$20
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44,413$44,413
VIII-12 Total revenueRelated to mission $882,036 · Unrelated business $0 · Excluded from tax $44,433$926,469
Part IX · Statement of functional expenses $896,278 across 3 lines filed
IX-6 Pay of disqualified personsPrograms $79,746$79,746
IX-10 Payroll taxesPrograms $6,436$6,436
IX-24 Other expenses (24a–d)Programs $724,352 · Management $85,744$810,096
IX-25 Total functional expensesPrograms $810,534 · Management $85,744 · Fundraising $0$896,278
Part X · Balance sheet $150,465 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $159,091$95,512
X-4 Accounts receivable$54,953
X-16 Total assetsStart of year $159,091$150,465
X-17 Accounts payable and accrued expensesStart of year $50,862$25,060
X-25 Other liabilitiesStart of year $13,015$0
X-26 Total liabilitiesStart of year $63,877$25,060
X-27 Net assets without donor restrictionsStart of year $95,214$125,405
X-32 Total net assets or fund balancesStart of year $95,214$125,405
X-33 Total liabilities and net assetsStart of year $159,091$150,465
Part XI · Reconciliation of net assets $125,405 net assets at year end
XI-1 Total revenue$926,469
XI-2 Total expenses$896,278
XI-3 Revenue less expenses$30,191
XI-4 Net assets at start of year$95,214
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$125,405

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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