Hopecycle
- Assets
- $293.6k
- Revenue
- $171.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Englewood, CO
- Founding
- 03/2011
- Data as of
- 12/2020
- EIN
- 27-4038753
Organization Overview
Hopecycle, operating under the name Project Recycle, is located in Englewood, CO. The organization was established in 2011. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Project Recycle employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Recycle 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 12/2020, Project Recycle generated $171.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $162.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RIDE, REBUILD, REPEAT
Describe the Organization's Program Activity:
Part 3 - Line 4a
BICYCLES RECEIVED AS CONTRIBUTIONS THROUGH FUNDRAISING DRIVES ARE REPAIRED AND GIVEN TO CHILDRENT IN NEED AT INNER CITY ELEMENTARY SCHOOLS. THE CHILDREN ARE ALSO PROVIDED WITH HELMETS, LOCKS, AND EDUCATED ON BICYCLE SAFETY, HOW TO RIDE, AND HOW RIDING IMPROVES WELLNESS. THE BUILDING IN WHICH BICYCLES ARE STORED AND REPAIRED IS DONATED. TRANSPORTATION IS DONATED. ADVERTISING AND PROMOTIONAL SERVICES WERE DONATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Buck Executive Director | OfficerTrustee | 0 | $65,417 |
Byron Nix Vice Chair | OfficerTrustee | 0 | $0 |
Brenda Moore Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,724 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,271 |
| Total Program Service Revenue | $33,213 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,484 |
| 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. | $65,417 |
| Compensation of current officers, directors, key employees. | $65,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,032 |
| Fees for services: Management | $9,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,051 |
| Advertising and promotion | $852 |
| Office expenses | $12,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,223 |
| Insurance | $4,206 |
| All other expenses | $0 |
| Total functional expenses | $162,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,334 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,908 |
| Total assets | $293,609 |
| Accounts payable and accrued expenses | $0 |
| 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 | $13,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,337 |
| Total liabilities | $17,237 |
| Net assets without donor restrictions | $276,372 |
| 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 | $293,609 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hopecycle has recieved totaling $51,190.
| Awarding Organization | Amount |
|---|---|
Libertygives Foundation Englewood, CO PURPOSE: GENERAL PURPOSE | $25,750 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $20,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $5,373 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interfaith Community Services Tucson, AZ | $10,175,352 | $12,042,260 |
International Christian Association Inc Bartlesville, OK | $1,529,543 | $4,210,131 |
Humankind Ministries Wichita Inc Wichita, KS | $9,168,860 | $4,081,252 |
Family Promise-Greater Phoenix Scottsdale, AZ | $5,154,498 | $3,658,944 |
Servants Of Christ International Inc Milliken, CO | $299,538 | $1,812,190 |
Interfaith Alliance Of Colorado Denver, CO | $1,272,970 | $1,460,100 |
The Tri-Faith Initiative Of Omaha Nebraska Omaha, NE | $9,794,726 | $1,521,687 |
Ministries Of Jesus Inc Edmond, OK | $10,769,757 | $1,500,148 |
Laramie Interfaith Laramie, WY | $1,671,178 | $1,599,129 |
Coalition For Radical Life Extension Scottsdale, AZ | $60,571 | $410,641 |
Christ Center Grand Junction, CO | $1,957,998 | $682,765 |
Oklahoma Conference For Community And Justice Inc Tulsa, OK | $1,873,677 | $607,381 |