Institute Of Scrap Recycling Industries Inc
- Assets
- $37.8m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 58
- Location
- Washington, DC
- Founding
- 05/1990
- Data as of
- 12/2021
- 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 12/2021, Institute Of Scrap Recycling Industries Inc employed 58 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 12/2021, Institute Of Scrap Recycling Industries Inc generated $10.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Robin Wiener President | Officer | 33.5 | $588,852 |
Holly Arthur Sr Vice President | Officer | 37.5 | $258,169 |
Heather Lyons General Counsel | Officer | 37.5 | $221,274 |
William Johnson Chief Lobbyist | 37.5 | $212,459 | |
Cheryl Coleman VP Of Sustainability | Officer | 37.5 | $196,585 |
Adina Adler VP Of Advocacy | Officer | 37.5 | $186,177 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keramida Inc Consulting | 12/30/21 | $414,810 |
Thompson Hine Llp Consulting | 12/30/21 | $135,978 |
Ic Fire Prevention Consulting | 12/30/21 | $125,977 |
Eventeq Consulting | 12/30/21 | $134,825 |
Hamilton Place Strategies Llc Consulting | 12/30/21 | $115,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $963,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,577 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,096,357 |
| Total Program Service Revenue | $8,305,445 |
| Investment income | $573,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $172,084 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,551,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,703 |
| 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. | $3,296,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,935,584 |
| Pension plan accruals and contributions | $315,159 |
| Other employee benefits | $133,005 |
| Payroll taxes | $424,577 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,185 |
| Fees for services: Accounting | $51,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,606 |
| Fees for services: Other | $1,701,618 |
| Advertising and promotion | $58,008 |
| Office expenses | $312,102 |
| Information technology | $332,721 |
| Royalties | $0 |
| Occupancy | $917,955 |
| Travel | $160,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $494,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $367,192 |
| Insurance | $109,578 |
| All other expenses | $87,021 |
| Total functional expenses | $12,509,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,358,915 |
| Savings and temporary cash investments | $128,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,259 |
| 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 | $677,500 |
| Net Land, buildings, and equipment | $1,816,382 |
| Investments—publicly traded securities | $31,038,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $734,592 |
| Total assets | $37,835,714 |
| Accounts payable and accrued expenses | $2,205,567 |
| Grants payable | $0 |
| Deferred revenue | $6,580,856 |
| 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 | $2,693,334 |
| Total liabilities | $11,479,757 |
| Net assets without donor restrictions | $26,355,957 |
| 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 | $37,835,714 |
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 |
|---|---|
Washington, DC PURPOSE: SPONSORSHIP | $40,000 |
Brattleboro, VT PURPOSE: SPONSORSHIP | $7,500 |
Los Angeles, CA PURPOSE: SPONSORSHIP | $5,000 |
Ashburn, VA PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U S Green Building Council Inc Washington, DC | $40,494,546 | $27,836,822 |
National Association Of Conservation Districts Inc Washington, DC | $5,732,801 | $17,170,810 |
Partnership Project Action Fund Washington, DC | $13,920,091 | $18,926,410 |
Land Trust Alliance Incorporated Washington, DC | $25,898,885 | $14,822,231 |
Institute Of Scrap Recycling Industries Inc Washington, DC | $37,835,714 | $10,551,823 |
National Association Of Clean Water Agencies Washington, DC | $7,976,873 | $7,812,643 |
Natureserve Arlington, VA | $9,695,088 | $7,142,183 |
Interstate Natural Gas Association Of America Washington, DC | $11,931,054 | $7,126,599 |
National Pest Management Association Inc Fairfax, VA | $9,524,816 | $5,920,435 |
National Waste & Recycling Association Arlington, VA | $26,349,385 | $7,371,795 |
Ecological Society Of America Inc Washington, DC | $11,059,527 | $5,932,261 |
North American Association For Environmental Education Washington, DC | $7,155,973 | $5,847,033 |