On 990 . Return of Organization Exempt from Income Tax ^^05
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OMB No 1545-0047 on 990 . Return of Organization Exempt From Income Tax ^^05 ` Under section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code ( except black lung benefit trust or private foundation ) • . - • • )apartment of the Treasury iernai Revenue Service The organization may have to use a copy of this return to satisfy state reporting requirements A For the 2005 calendar or tax Y 1 2005 , and end! JUNE 30 2006 C Name of organization D Employer identifica, B Check if applicable Please Address change use IRS FUNDING EXCHANGE , INC. label or Number and street (or P O box if mail is not delivered to street address) Room/suite i E Telephone number Name change print or 7 Initial return type'see 666 BROADWAY , 5TH FLOOR Specific City or town State or country ZIP + 4 F Accounting method . LJCash UAccrual Final return Instruc- (specify) FlAmended return tions, NEW YORK NY 10012 ► 0 Application pending • Section 501 (c)(3) organizations and 4947( a)(1) nonexempt charitable H and I are not applicable to section 527 organizations trusts must attach a completed Schedule A (Form 990 or 990-EZ). H(a) Is this a group return for affiliates? El Yes FX N. H(b) If "Yes, " enter number of affiliates ► H(c) Are all affiliates included? 0 Yes 0 No 49 nsert no) or (If "No," attach a list See instructions) J Organization type (check only on e) ► X 501(c) ( 3 ) (i K Check here the organization's gross receipts are normally not more than $25,000 The H(d) Is this a separate return filed by an organization organization need not file a return with the IRS, but if the organization chooses to file a return, be covered by a group ruling? Yes QX No sure to file a complete return. Some states require a complete return. I Group Exemption Number ► M Check the organization is not required i4 to attach Sch B (Form 990, 990-EZ, or 990-PF) L Gross receipts. Add lines 6b, 8b, 9b, and 10b to line 12 ► 18,7 Revenue, Expenses , and Changes in Net Assets or Fund Balances (See the instructions) 1 Contributions , gifts, grants, and similar amounts received- a Direct public support . 1a 7,523 , 846 - b Indirect public support . 1 b 127,654 c Government contributions (grants) . Ic 14,600 d Total (add lines 1a through 1c) (cash $ 6 , 162,157 noncash $ 1,503 , 943 ) Id 7,666,100 2 Program service revenue including government fees and contracts (from Part VII, line 93) . 2 0 3 Membership dues and assessments . 3 0 4 Interest on savings and temporary cash investments . 4 68,241 5 Dividends and interest from securities . 5 601 , 206 6 a Gross rents . 6a 55 ,200 , ,,- b Less : rental expenses . 6b 46,949 c Net rental income or (loss) (subtract line 6b from line 6a) . 6c ,251 7 0 7 Other investment income (describe ► 8 a Gross amount from sales of assets other (A) Securities (B) Other than inventory . 10,362 , 556 8a 0 b Less: cost or other basis and sales expenses . 9,340 , 793 8b 0 c Gain or (loss) (attach schedule) SCHEDULE 6 1,021 , 763 8c 0 -r d Net gain or (loss) (combine line 8c, columns (A) a nd (B)) . 8d 1 ,021,763 9 Special events and activities (attach schedule) If any amount is from gaming, check here ► D a Gross revenue (not including $ 0 of contributions reported on line 1 a) . 9a 0 b Less : direct expenses other than fundraising expenses 9b 0 °e c Net income or (loss) from special events (subtract line 9b from line 9a) . 9c 0 10 a Gross sates of inventory, less returns and allowances . 10a 0 "``-• b Less : cost of goods sold . 10b 0 ct c Gross profit or (loss) from sales of inventory (attach schedule) (subtract line 1 Ob from line 1 Oa) 10c 0 11 Other revenue (from Part VII , line 103) . 11 1,451 12 IQla revenue (add lines 1d , 2, 3, 4, 5 , 6c, 7, 8d , 9c, 1Oc, and 11) 12 9,367,012 13 Progrjs, (from line 44 , column (B)) . 13 5 ,248,523 14 M from line 44, column (C)) . 14 350,457 15 ndraising ro mn D. 15 316,510 16 yrZte chedule) . 16 0 17 Y ( expenses (add line,, and 44, column (A)) 17 5, 915,490 U1 18 Exce fogty2 yea (subtract line 17 from line 12) 18 3,451,522 15 19 beginning of year (from line 73 , column (A)) . 19 30 681,204 20 Other changes in net assets or fund balances (attach explanation) . SCHEDULE 3 20 -45,56 z 21 Net assets or fund balances at end of year (combine lines 18, 19 , and 20) 21 34 , 087, 663 For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions . Form 990 (2005) (HTA) Form 990 (2005) FUNDING EXCHANGE, INC. 13-3002025 Statement of All organizations must complete column (A) Columns (B), (C), and (D) are required for section 501(c)(3) and (4) Frrnctinnal Expenses organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others (See the instructions ) Management Do not include amounts reported on line (B) Program (C) (D) (Al Total general Fundraising 6b, 8b, 9b, 10b, or 16 of Part 1. services and 22 Grants and allocations (attach schedule) . SCHEDULE 9 (cash $ 4,083,563 noncash $ 0 ) If this amount includes foreign grants, check here 22 4,083,563 4,083,563 23 Specific assistance to individuals (attach T x + schedule) 23 0 0 . 24 Benefits paid to or for members (attach schedule) . 24 0 :. x .. g 25 Compensation of officers , directors, etc. 25 331,328 198,797 69,579 62,952 26 Other salaries and wages . 26 529,056 322,426 108,481 98,149 27 Pension plan contributions . 27 0 28 Other employee benefits . 28 154,998 93,508 32,282 29,208 29 Payroll taxes . 29 65,127 39,076 13,677 12,374 30 Professional fundraising fees . 30 0 31 Accounting fees . 31 50,973 28,451 16,959 5,563 32 Legal fees . 32 391 391 33 Supplies . 33 46,991 12,076 12,337 22,578 34 Telephone . 34 12,028 7,217 2 , 526 2,285 35 Postage and shipping . 35 12 , 115 8,081 2,075 1,959 36 Occupancy . 36 16,057 9,634 3,372 3,051 37 Equipment rental and maintenance . 37 31,127 18,676 6,537 5,914 38 Printing and publications . 38 42,373 15,191 894 26 , 288 39 Travel . 39 81,790 62,518 8,573 10 , 699 40 Conferences , conventions, and meetings . 40 158,334 122,776 18,861 16,697 41 Interest . 41 0 42 Depreciation , depletion , etc. (attach schedule) SCHEDULE 2 42 35,130 21,078 7,377 6,675 43 Other expenses not covered above (itemize): a SEE SCHEDULE 1 -------------------------------------- 43a 264,109 205,455 46,536 12,118 b 43b 0 0 0 0 43c 0 0 0 0 - ---- - - --- -- - - -- - - - - - d 43d 0 0 0 0 43e 0 0 0 0 e - - -- f 43f 0 0 0 0 43g 0 0 0 0 44 Total functional expenses . Add lines 22 through 43. (Organizations completing columns (B)-(D), carry these totals to lines 13-15) . 4 ,915,490 ,248,523 50,457 16,510 Joint Costs. Check if you are following SOP 98-2. Are any joint costs from a combined educational campaign and fundraising solicitation reported in ( B) Program services? E No If "Yes," enter (i) the aggregate amount of these joint costs $ 0 , (ii) the amount allocated to Program services $ (iii) the amount allocated to Management and general $ , and (iv) the amount allocated to Fundraising $ Form 990 (2005) 'm 990 (2605) FUN D ING EXCHANGE, INC. 13-3002025 Page 3 TMIMT Statement of Program Service Accomplishments (See the instructions.) rm 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a articular organization. How the public perceives an organization in such cases may be determined by the information presented i its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's rograms and accomplishments. Program Service /hat is the organization 's primary exempt purpose? ► Expenses (Required for 501(0)(3) and II organizations must describe their exempt purpose achievements in a clear and concise manner State the number (4) orgs , and 4947(a)(1) ` clients served, publications issued , etc. Discuss achievements that are not measurable (Section 501 (c)(3 ) and (4) trusts, but optional for rganizations and 4947 (a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others) others) a COORDINATION AND SUPPORTING ACTIVITIES / SERVICES TO MEMBER ORGANIZATIONS------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- lo. (Grants and allocations $ 4 , 083 , 563 ) If this amount includes foreign grants, check here 12/1 , 248 , 523 b -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- (Grants and allocations $ ) If this amount includes foreign grants , check here ► C -------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------