Runnemede Industries INC FY2024 filing

Tax-deductible

Cherry Hill, NJ501(c)(3)Since 2003Diseases & DisordersEIN 20-0090179Revenue $2.5M in FY2024

On file with the IRS1940 Olney Ave, 08003-2016 · Cherry Hill, NJTax-exempt since Jun 2006Supporting organization — 509(a)(3)

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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.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
-1% vs prior year
Spent
$2.5M
To programs
94%
Net assets
$156K
By yearFY2020–FY2024
Revenue
$2.5M
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$572K
FY2021$926K
FY2022$1.4M
FY2023$2.6M
FY2024$2.5M
FY2024$3.5M
Expenses
$2.5M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$588K
FY2021$896K
FY2022$1.5M
FY2023$2.5M
FY2024$2.5M
FY2024$3.4M
Net assets
$156K
FY2024▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2020$95K
FY2021$125K
FY2022$57K
FY2023$105K
FY2024$156K
FY2024$295K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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

94 cents of each dollar spent went to programs.

Program services 94% · $2.3M Management & general 6% · $157K

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

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $2.3M · in their own filed words · FY2023
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.

$2.3Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.5M
Money outPt IX
$2.5M
Ln 25
Programscol B$2.3M
Managementcol C$157K
Owns and owesPt X
$156K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$170K
LiabilitiesLn 26$13K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.5M
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1K
Total assetsLn 16$170K
LiabilitiesLn 26$13K
Net assetsLn 32$156K
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 FY24End FY24
Cash and savingsLn 1–2$1K$1K
Total assetsLn 16$143K$170K
LiabilitiesLn 26$38K$13K
Net assetsLn 32$105K$156K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$174K$174K
Payroll taxesLn 10$15K$15K
Other expenses (24a–d)Ln 24$2.3M$2.1M$157K
Total functional expensesLn 25$2.5M$2.3M$157K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,526,484 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,557,060$2,526,484
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,557,060$2,526,484
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $343,924$188,809
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,165,421$2,286,341
I-18 Total expensesPrior year $2,509,345$2,475,150
I-19 Revenue less expensesPrior year $47,715$51,334
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,526,484 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,526,484$2,526,484
VIII-12 Total revenueRelated to mission $2,526,484 · Unrelated business $0 · Excluded from tax $0$2,526,484
Part IX · Statement of functional expenses $2,475,150 across 3 lines filed
IX-7 Other salaries and wagesPrograms $173,948$173,948
IX-10 Payroll taxesPrograms $14,861$14,861
IX-24 Other expenses (24a–d)Programs $2,129,487 · Management $156,854$2,286,341
IX-25 Total functional expensesPrograms $2,318,296 · Management $156,854 · Fundraising $0$2,475,150
Part X · Balance sheet $169,508 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,225$1,320
X-4 Accounts receivableStart of year $141,295$168,188
X-16 Total assetsStart of year $142,520$169,508
X-17 Accounts payable and accrued expensesStart of year $37,595$13,249
X-26 Total liabilitiesStart of year $37,595$13,249
X-27 Net assets without donor restrictionsStart of year $104,925$156,259
X-32 Total net assets or fund balancesStart of year $104,925$156,259
X-33 Total liabilities and net assetsStart of year $142,520$169,508
Part XI · Reconciliation of net assets $156,259 net assets at year end
XI-1 Total revenue$2,526,484
XI-2 Total expenses$2,475,150
XI-3 Revenue less expenses$51,334
XI-4 Net assets at start of year$104,925
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$156,259

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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