Institute Of Scrap Recycling Industries Inc
- Assets
- $36.7m
- Revenue
- $18.3m
- Investments
- $415.0k
- Employees
- 53
- Location
- Washington, DC
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 31-1205596
Organization Overview
Institute Of Scrap Recycling Industries Inc is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2022, Institute Of Scrap Recycling Industries Inc employed 53 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Institute Of Scrap Recycling Industries Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Institute Of Scrap Recycling Industries Inc generated $18.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $18.9m during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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.
Since 2014, Institute Of Scrap Recycling Industries Inc has awarded 16 individual grants totaling $181,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE BEST INTERESTS OF INDIVIDUALS ENGAGED IN THE RECYCLING INDUSTRY BY ADVANCING THE TRADE AND COMMERCE OF ITS MEMBERS AND DISSEMINATING INFORMATION TO ACCOMPLISH THAT GOAL. ISRI'S OPERATIONS ARE SUPPORTED PRIMARILY THROUGH MEMBERSHIP DUES, FEES CHARGED FOR SERVICES AND PROGRAMS, AND ADVERTISING INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS: POLICY DEVELOPMENT, REPRESENTATION AND SUPPORT OF ISRI'S MEMBERS CONCERNING ISSUES BEFORE FEDERAL AGENCIES, CONGRESS AND THE WHITE HOUSE AS WELL AS STATE AND LOCAL GOVERNMENTS.
CONVENTION: ANNUAL GATHERING OF MEMBERS AND NONMEMBERS WITH GENERAL SESSIONS AND WORKSHOPS COVERING ALL ASPECTS OF RECYCLING, AND INCLUDES AN EXHIBITION.
PUBLICATION SERVICES: BIMONTHLY PUBLICATION OF SCRAP MAGAZINE, ANNUAL MEMBERSHIP DIRECTORY, WEEKLY MONDAY AND FRIDAY REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Henesey Chairman | OfficerTrustee | 16 | $0 |
Colin Kelly Chair Elect | OfficerTrustee | 8 | $0 |
Andrew Golding Vice Chair | OfficerTrustee | 8 | $0 |
Neil Byce Secretary Treasurer | OfficerTrustee | 8 | $0 |
Gary Champlin Past President | OfficerTrustee | 1 | $0 |
Aaron Plitt Director At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keramida Inc Consulting | 12/30/22 | $418,067 |
Spectrum Group Productions Consulting | 12/30/22 | $350,424 |
Maslansky Partners Consulting | 12/30/22 | $340,791 |
Holland & Knight Llp Consulting | 12/30/22 | $280,000 |
Hogan Lovells Consulting | 12/30/22 | $275,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $766,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $766,996 |
| Total Program Service Revenue | $15,447,080 |
| Investment income | $552,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $225,696 |
| Net Rental Income | $42,000 |
| Net Gain/Loss on Asset Sales | $990,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,334,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,103 |
| 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. | $3,199,903 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,891,844 |
| Pension plan accruals and contributions | $335,550 |
| Other employee benefits | $280,931 |
| Payroll taxes | $467,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,192 |
| Fees for services: Accounting | $51,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,672 |
| Fees for services: Other | $3,778,395 |
| Advertising and promotion | $105,440 |
| Office expenses | $570,126 |
| Information technology | $362,606 |
| Royalties | $0 |
| Occupancy | $895,553 |
| Travel | $719,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,879,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,159 |
| Insurance | $167,479 |
| All other expenses | $242,341 |
| Total functional expenses | $18,912,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,593,747 |
| Savings and temporary cash investments | $2,882,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,437 |
| 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 | $366,585 |
| Net Land, buildings, and equipment | $1,542,760 |
| Investments—publicly traded securities | $24,671,394 |
| Investments—other securities | $414,963 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,019,503 |
| Total assets | $36,695,158 |
| Accounts payable and accrued expenses | $2,743,172 |
| Grants payable | $0 |
| Deferred revenue | $7,702,133 |
| 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 | $7,120,856 |
| Total liabilities | $17,566,161 |
| Net assets without donor restrictions | $19,128,997 |
| 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 | $36,695,158 |
Grants Awarded
Over the last fiscal year, Institute Of Scrap Recycling Industries Inc has awarded $57,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEAST RECYCLING COUNCIL PURPOSE: SPONSORSHIP | $7,500 |
SKID ROW RUNNING CLUB PURPOSE: SPONSORSHIP | $5,000 |
THE ASSOCIATION OF PLASTIC RECYCLERS PURPOSE: SPONSORSHIP | $40,000 |
JASON LEARNING PURPOSE: SPONSORSHIP | $5,000 |