Maine Resource Recovery Association
- Assets
- $517.4k
- Revenue
- $238.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Newport, ME
- Founding
- 11/2003
- Data as of
- 06/2023
- EIN
- 01-0457589
Organization Overview
Maine Resource Recovery Association is located in Newport, ME. The organization was established in 2003. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 06/2023, Maine Resource Recovery Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Resource Recovery Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Maine Resource Recovery Association generated $238.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $192.5k during the year ending 06/2023. While expenses have increased by 10.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER PROFESSIONAL SOLID WASTE MANAGEMENT PRACTICES AND TO FURTHER THE DEVELOPMENT OF RECYCLING AND OTHER FORMS OF RESOURCE RECOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A COST EFFICIENT MEANS FOR MUNICIPALITIES, QUASI-MUNICIPAL ORGANIZATIONS, NON-PROFITS, AND INDIVIDUALS TO DISPOSE OF RECYCLABLE AND REUSABLE MATERIALS. PROVIDE EDUCATION WITH REGARD TO WASTE AND RECYCLING MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Horton Executive Di | Officer | 40 | $48,413 |
Vanessa Berry Director | Trustee | $0 | |
George Buswell President | Trustee | $0 | |
Liam Carroll Director | Trustee | $0 | |
Curtis Dimock Director | Trustee | $0 | |
Eric Dyer Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,205 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,884 |
| Total Program Service Revenue | $152,616 |
| Investment income | $176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,820 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,413 |
| Compensation of current officers, directors, key employees. | $4,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,929 |
| Pension plan accruals and contributions | $2,686 |
| Other employee benefits | $14,493 |
| Payroll taxes | $7,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,789 |
| Office expenses | $4,378 |
| Information technology | $878 |
| Royalties | $0 |
| Occupancy | $4,410 |
| Travel | $4,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,074 |
| Insurance | $3,004 |
| All other expenses | $3,009 |
| Total functional expenses | $192,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,764 |
| Prepaid expenses and deferred charges | $3,065 |
| Net Land, buildings, and equipment | $3,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $517,411 |
| Accounts payable and accrued expenses | $193,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $193,283 |
| Net assets without donor restrictions | $324,128 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $517,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Audubon Society Falmouth, ME | $22,830,062 | $3,571,759 |
Student-Led Sustainable Initiatives Inc Dover, NH | $477,330 | $724,923 |
Us Plastics Pact Llc Walpole, NH | $1,204,903 | $1,205,091 |
Maine Resource Recovery Association Newport, ME | $517,411 | $238,609 |
Unity Area Region Recycling Center Thorndike, ME | $270,086 | $0 |
Coastal Recycling Corporation Hancock, ME | $0 | $0 |