Finger Lakes Reuse Inc
- Assets
- $2.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 121
- Location
- Ithaca, NY
- Founding
- 08/2008
- Data as of
- 12/2021
- 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 12/2021, Finger Lakes Reuse Inc employed 121 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 12/2021, Finger Lakes Reuse Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 15.4% per year over the past 7 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
2021
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 OPERATED TWO CENTERS CONTINUING FROM 2020. THESE CENTERS PROVIDE A CONVENIENT, ACCESSIBLE LOCATION WHERE THE COMMUNITY MAY DONATE REUSABLE MATERIALS, PURCHASE AFFORDABLE GOODS, ENGAGE IN JOB TRAINING OPPORTUNITIES, AND LEARN REUSE-RELATED SKILLS.SHOPPERS MADE AN ESTIMATED 144,000 VISITS TO REUSE COMMUNITY CENTERS IN 2021. AN ESTIMATED 1,000 TONS OF MATERIALS WERE DIVERTED FROM POTENTIALLY ENDING UP IN LANDFILLS THIS YEAR, A POTENTIAL SAVINGS OF $98,000 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 2021 TRAININGS WERE OFFERED IN RETAIL CUSTOMER SERVICE AND GREEN JOB SKILLS, WITH 13 PARTICIPANTS.
ECENTER COMPUTER REPAIR AND REFURBISHMENT: THIS PROGRAM REDUCES THE VOLUME OF E-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 2021, 165 REFURBISHED DESKTOPS AND LAPTOPS WERE MADE AVAILABLE LOCALLY THROUGH FINGER LAKES REUSE CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Cohen Executive Director | Officer | 40 | $81,401 |
Gideon Stone Vice President | OfficerTrustee | 2 | $0 |
Marlene Sack President | OfficerTrustee | 2 | $0 |
Patricia Brown Treasurer & Secretary | OfficerTrustee | 2 | $0 |
Jodie Herbert Director | Trustee | 2 | $0 |
Marshall Mccormick Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $478,577 |
| All other contributions, gifts, grants, and similar amounts not included above | $461,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,085 |
| Total Program Service Revenue | $35,488 |
| Investment income | $68 |
| 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 | $2,069,834 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,045,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,735 |
| 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. | $87,129 |
| Compensation of current officers, directors, key employees. | $43,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,784,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $269,621 |
| Payroll taxes | $175,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,090 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,480 |
| Advertising and promotion | $36,859 |
| Office expenses | $17,781 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,811 |
| Travel | $1,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,064 |
| Insurance | $16,211 |
| All other expenses | $19,933 |
| Total functional expenses | $3,107,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,587 |
| Savings and temporary cash investments | $99,467 |
| Pledges and grants receivable | $87,336 |
| Accounts receivable, net | $128 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,774,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,994,394 |
| Accounts payable and accrued expenses | $144,793 |
| 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 | $1,934,834 |
| Unsecured mortgages and notes payable | $312,669 |
| Other liabilities | $92,618 |
| Total liabilities | $2,484,914 |
| Net assets without donor restrictions | -$651,374 |
| Net assets with donor restrictions | $160,854 |
| 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 | $1,994,394 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Finger Lakes Reuse Inc has recieved totaling $418,795.
| Awarding Organization | Amount |
|---|---|
Park Foundation Inc Ithaca, NY PURPOSE: SUSTAINING REUSE SERVICES FOR ENVIRONMENTAL IMPACT AND COMMUNITY RESILIENCE | $100,000 |
Park Foundation Inc Ithaca, NY PURPOSE: EMERGENCY OPERATING SUPPORT | $100,000 |
Foundation For Jewish Philanthropies Getzville, NY PURPOSE: GENERAL PURPOSES | $100,000 |
Community Foundation Of Tompkins County Inc Ithaca, NY PURPOSE: GENERAL SUPPORT | $53,750 |
Thaler Howell Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Furniture Trust Organization Inc Arlington, MA | $739,128 | $7,076,929 |
1 For The Planet Inc Burlington, VT | $13,842,882 | $4,568,518 |
Finger Lakes Reuse Inc Ithaca, NY | $1,994,394 | $3,045,475 |
Construction Junction Inc Pittsburgh, PA | $1,719,199 | $2,305,790 |
Sustainable Electronics Recycling International Elizabethtown, PA | $4,103,614 | $2,041,594 |
Fabscrap Inc Brooklyn, NY | $633,771 | $1,218,585 |
Bronx River Alliance Inc Bronx, NY | $1,741,591 | $1,231,886 |
Sure We Can Inc Brooklyn, NY | $493,950 | $1,303,285 |
Stark Mountain Foundation Inc Waitsfield, VT | $715,466 | $539,834 |
Friends Of The Upper Delaware River Hancock, NY | $990,040 | $867,642 |
National Onsite Wastewater Recycling Association Inc Westford, MA | $441,973 | $798,443 |
Northeast Recycling Council Brattleboro, VT | $1,206,462 | $754,846 |