National Association for the Exchange of
The National Association for the Exchange of Industrial Resources (NAEIR) is a 501(c)(3) nonprofit organization based in Galesburg, Illinois. Founded in 1977, NAEIR operates as a conduit between corporations with excess inventory and qualified educational institutions, nonprofit organizations, and churches. The organization maintains a 450,000 square foot warehouse where it obtains, catalogs, and redistributes donated inventory to its membership base under IRC Section 170(e)(3).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$99.5M
-0.6% YoY
Annual Giving
$30.2M
-40.0% YoY
Grant Count
485
-28.3% YoY
Avg Grant Size
$62K
-16.3% YoY
Mission & Focus Areas
NAEIR's mission is to provide needed materials and supplies to member organizations (qualified schools and nonprofit organizations) through quality donations of inventory from American corporations. The organization strives for mutually beneficial relationships with customers, employees, suppliers, and the community in a spirit of honesty, fairness, and integrity.
Core organizational values include:
- Integrity: Commitment to doing the best thing for members and the right thing for donors
- Service With a Smile: Emphasis on friendly, caring customer service
- Philanthropy: Belief that the world is better when helping people in need
- Empowerment: Supporting people with passion and resources to accomplish goals
- Resourcefulness: Finding creative uses for donated items
- Flexibility: Accommodating a variety of people and products
Grantmaking
NAEIR redistributes donated inventory to educational and charitable organizations that qualify under IRC Section 170(e)(3). Rather than traditional grantmaking, NAEIR provides in-kind giving through product donations.
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Geographic Focus
Where this funder awards grants
NAEIR operates nationally, receiving donations from hundreds of companies throughout the United States and redistributing to qualified members across the country.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total revenues: $87,199,685
- Total expenses: $87,961,673
- Total assets: $99,456,429
- Staff: 54 employees
Annual Inventory Value: NAEIR receives approximately $100,000,000 worth of inventory donations annually from hundreds of companies throughout the United States.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $99,456,429 | $100,072,261 | $94,809,665 |
| Revenue | $87,199,685 | $99,845,996 | $83,302,169 |
| Expenses | $87,961,673 | $94,849,251 | $106,243,954 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $11,954 | $5,962 | $866 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
100 grants across all recorded years
Open Grants
1 open opportunity from National Association for the Exchange of
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Gary Smith: Principal Officer
- Norbert C. Smith: Founder (1977)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY C SMITH | PRESIDENT/CEO | 40 | $288,384 |
| MARVIN DAHLBERG | BOARD CHAIRMAN | 7.5 | — |
| MARY AUSTIN | BOARD SECRETARY/TREASURER | 7.5 | — |
| ROBERT CLARK | BOARD MEMBER | 7.5 | — |
| WILL TAYLOR | BOARD MEMBER | 7.5 | — |
| ROBERT B GILSTRAP | VICE PRESIDENT/CFO (UNTIL 08/23) | 40 | $457,892 |
| PAULA R DEJAYNES | VICE PRESIDENT/COO | 40 | $181,121 |
Recent News & Activity
Recent developments and announcements
NAEIR has maintained strong operational activity, processing significant volumes of donated inventory and distributing to member organizations. The organization received a Four-Star rating (92% overall score) from independent charity evaluators, reflecting strong accountability and financial health.
The organization continues to facilitate tax benefits for corporate donors, who may qualify for tax deductions of up to twice the cost of their donated inventory under IRS Section 170(e)(3), while ensuring surplus products benefit verified schools, teachers, nonprofits, and churches.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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