Finger Lakes Reuse Inc
- Assets
- $2.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 137
- Location
- Ithaca, NY
- Founding
- 08/2008
- Data as of
- 12/2022
- EIN
- 26-2093547
Organization Overview
Finger Lakes Reuse Inc is located in Ithaca, NY. The organization was established in 2008. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2022, Finger Lakes Reuse Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finger Lakes Reuse Inc 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 12/2022, Finger Lakes Reuse Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE COMMUNITY, ECONOMY, AND ENVIRONMENT THROUGH REUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY REUSE CENTERS: OPEN TO THE PUBLIC DAILY, FINGER LAKES REUSE CONTINUED TO OPERATE TWO LOCATIONS. THESE CENTERS PROVIDE A CONVENIENT, ACCESSIBLE LOCATION WHERE ANYONE CAN DONATE REUSABLE MATERIALS, PURCHASE AFFORDABLE GOODS, ENGAGE IN JOB TRAINING OPPORTUNITIES, AND LEARN REUSE-RELATED SKILLS.SHOPPERS MADE AN ESTIMATED 180,000 VISITS TO THREE REUSE COMMUNITY CENTERS IN 2022. 746,795 ITEMS, AN ESTIMATED 1,243 TONS OF MATERIALS WERE DIVERTED FROM POTENTIALLY ENDING UP IN LANDFILLS THIS YEAR, A POTENTIAL SAVINGS OF $119,000 IN WASTE FEES TO TOMPKINS COUNTY RESIDENTS.
COMMUNITY EDUCATION AND OUTREACH: THE RESET (REUSE SKILLS AND EMPLOYMENT TRAINING) PROGRAM PROVIDES FREE JOB SKILLS TRAINING OPPORTUNITIES AS WELL AS SEVERAL PAID APPRENTICESHIP OPPORTUNITIES EACH YEAR FOR LOCAL PEOPLE WHO ARE UNDER-EMPLOYED, LOW-INCOME OR ARE EXPERIENCING BARRIERS TO EMPLOYMENT.IN 2022 TRAININGS WERE OFFERED IN RETAIL CUSTOMER SERVICE AND GREEN JOB SKILLS, WITH 16 PARTICIPANTS.
ECENTER COMPUTER REPAIR AND REFURBISHMENT: THIS PROGRAM REDUCES THE VOLUME OF WASTE CAUSED BY COMPUTER AND ELECTRONICS RECYCLING AND DISPOSAL AND HELPS SUPPLY LOW-INCOME FAMILIES, LOCAL NONPROFITS AND THE GENERAL PUBLIC WITH LOW-COST COMPUTERS AND TECHNICAL SUPPORT.IN 2022, 442 REFURBISHED DESKTOPS, LAPTOPS, TABLETS AND CELLPHONES WERE MADE AVAILABLE LOCALLY THROUGH FINGER LAKES REUSE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Mccormick Director | Trustee | 2 | $0 |
Jodie Herbert Director | Trustee | 2 | $0 |
John Lemley Director | Trustee | 2 | $0 |
Megan Mcdonald Director | Trustee | 2 | $0 |
Jan Rhodes Norman Director | Trustee | 2 | $0 |
Patricia Brown Treasurer & Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,769 |
| Total Program Service Revenue | $104,764 |
| Investment income | $56 |
| 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 | $2,479,046 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,196,635 |
| 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. | $88,224 |
| Compensation of current officers, directors, key employees. | $44,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,933,161 |
| Pension plan accruals and contributions | $3,493 |
| Other employee benefits | $300,765 |
| Payroll taxes | $181,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,952 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,557 |
| Advertising and promotion | $54,286 |
| Office expenses | $13,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $331,560 |
| Travel | $6,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $117,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,535 |
| Insurance | $19,867 |
| All other expenses | $23,577 |
| Total functional expenses | $3,498,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,783 |
| Savings and temporary cash investments | $147,347 |
| Pledges and grants receivable | $135,825 |
| Accounts receivable, net | $27,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,408 |
| Net Land, buildings, and equipment | $1,674,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,368 |
| Total assets | $2,214,196 |
| Accounts payable and accrued expenses | $203,239 |
| 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 | $2,058,857 |
| Unsecured mortgages and notes payable | $312,669 |
| Other liabilities | $431,602 |
| Total liabilities | $3,006,367 |
| Net assets without donor restrictions | -$939,021 |
| Net assets with donor restrictions | $146,850 |
| 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 | $2,214,196 |