Secondary Materials And Recycled Textiles
- Assets
- $939.4k
- Revenue
- $351.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 36-1728770
Organization Overview
Secondary Materials And Recycled Textiles is located in Rockville, MD. The organization was established in 1943. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Secondary Materials And Recycled Textiles 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, Secondary Materials And Recycled Textiles generated $351.7k 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 (3.3%) each year. All expenses for the organization totaled $330.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION OF MEMBERSHIP AND PROMOTION OF INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - SERVING THE COMMON INTERESTS OF OUR MEMBERS THROUGH ADVOCACY, NETWORKING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Rees Vice President | OfficerTrustee | 3 | $0 |
Todd Wilson Treasurer | OfficerTrustee | 5 | $0 |
Tony Shumpert President | OfficerTrustee | 5 | $0 |
Jackie King Executive Director | Officer | 20 | $0 |
David Bloovman Immediate Past President | Trustee | 1 | $0 |
Helene Carter Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $314,460 |
| Investment income | $9,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $266 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $351,739 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $223,349 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,539 |
| Fees for services: Other | $33,000 |
| Advertising and promotion | $0 |
| Office expenses | $13,935 |
| Information technology | $10,359 |
| Royalties | $0 |
| Occupancy | $1,800 |
| Travel | $430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,786 |
| All other expenses | $0 |
| Total functional expenses | $330,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,598 |
| Savings and temporary cash investments | $177,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $746 |
| 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 | $65,154 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $515,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,357 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $190,393 |
| 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 | $0 |
| Total liabilities | $190,393 |
| Net assets without donor restrictions | $716,578 |
| Net assets with donor restrictions | $32,386 |
| 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 | $939,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paintcare Inc Washington, DC | $104,884,299 | $75,038,987 |
Mattress Recycling Council Alexandria, VA | $54,528,645 | $54,983,973 |
The Recycling Partnership Inc Washington, DC | $36,347,357 | $35,681,041 |
Construction Junction Inc Pittsburgh, PA | $1,719,199 | $2,305,790 |
Institute Of Scrap Recycling Industries Inc Washington, DC | $7,963,123 | $2,570,696 |
Eps Industry Alliance Inc Crofton, MD | $546,061 | $1,366,309 |
Automotive Dismantlers And Recyclers Association Manassa, VA | $1,543,928 | $1,474,483 |
Sustainable Electronics Recycling International Elizabethtown, PA | $4,103,614 | $2,041,594 |
Rock Creek Conservancy Inc Bethesda, MD | $1,342,488 | $1,561,573 |
Alaska Wilderness League Action Inc Washington, DC | $631,629 | $1,064,611 |
Nora An Association Of Responsible Recyclers Gainesville, VA | $614,678 | $992,372 |
Smartpower Connecticut Inc Arlington, VA | $214,153 | $657,113 |