Neighborhood Recycling Corporation, operating under the name Eureka Recycling, is located in Minneapolis, MN. The organization was established in 2002. 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, Eureka Recycling employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eureka Recycling 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, Eureka Recycling generated $20.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $17.2m during the year ending 12/2021. While expenses have increased by 7.6% 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 DEMONSTRATE THAT WASTE IS PREVENTABLE, NOT INEVITABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZERO WASTE POLICY ADVOCACY AND EDUCATION. RESIDENTIAL AND MULTIFAMILY RECYCLING COLLECTION AND RESIDENTIAL AND COMMERCIAL RECYCLING SORTING. ZERO WASTE EVENTS.EUREKA RECYCLING IS A 501(C)(3) NONPROFIT ORGANIZATION, BASED IN THE TWIN CITIES OF SAINT PAUL AND MINNEAPOLIS, EUREKA RECYCLING'S MISSION IS TO DEMONSTRATE THAT WASTE IS PREVENTABLE, NOT INEVITABLE. EUREKA WORKS TO BRIDGE THE GAP BETWEEN OUR VISION FOR A ZERO WASTE FUTURE AND THE REALITIES OF TODAY WITH TANGIBLE, REAL-WORLD SOLUTIONS. WE'RE MODELLING THE IDEA THAT BY SYSTEMATICALLY ADDRESSING THE WAY WE MANAGE OUR RESOURCES, WE CAN CREATE SOLUTIONS TO THE MOST PRESSING ISSUES OF OUR TIME, INCLUDING CLIMATE CHANGE, BUILDING STRONG LOCAL ECONOMIES, AND SUPPORTING HEALTHY EQUITABLE COMMUNITIES.CURBSIDE AND MULTI-FAMILY RECYCLING: PERHAPS MOST WELL-KNOWN FOR ITS RECYCLING OPERATIONS, EUREKA RECYCLING HAS PROVIDED CURBSIDE AND APARTMENT RECYCLING SERVICES, EDUCATION, AND ADVOCACY SINCE 2001. EUREKA OPERATES A MATERIAL RECOVERY FACILITY WHERE RECYCLING IS SORTED. EUREKA TESTS AND DEVELOPS BEST PRACTICES AROUND SORTING RECYCLES TO ACHIEVE THE ENVIRONMENTAL HIGHEST AND BEST USE AND SHARES THESE PRACTICES. EUREKA PROVIDES TOURS OF THE FACILITY TO EDUCATE THE COMMUNITY ON RECYCLING AND DOES EDUCATIONAL EVENTS FOR SCHOOLS AND COMMUNITY ORANIZATIONS AS WELL.EUREKA RECYCLING HAS A WIDE RANGE OF INITIATIVES DESIGNED TO PREVENT THE NEEDLESS WASTING OF OUR DISCARDS THROUGH REUSE, RECYCLING, COMPOSTING, WASTE REDUCTION, PROPER RESPONSIBILITY AND MORE. THESE INITIATIVES PROVIDE OVER 120 JOBS FOR INDIVIDUALS WHO DEMONSTRATE THEIR MISSION EVERY DAY IN THE WORK THAT THEY DO. EUREKA RECYCLING PROVIDES CONSULTING TO EVENTS IN THE COMMUNITY ON HOW TO BE ZERO WASTE AND MANAGES THE WASTE DISCARDS FOR SEVERAL EVENTS IN THE TWIN CITIES. EUREKA RECYCLING COLLABORATES WITH INDIVIDUALS AND ORGANIZATIONS TO MOVE OUR COMMUNITY TOWARDS ZERO WASTE. EUREKA RECYCLING ALSO EXAMINES HOW WASTE CAN BE PREVENTED BEFORE WE TURN TO RECYCLING AND COMPOSTING AND CALLS FOR ACCOUNTABILITY FROM THE PRODUCERS OF PACKAGING AND PRODUCTS TO BETTER DESIGN THEIR GOODS. BY ITS EFFORTS IN PROGRAMS, SERVICES AND ADVOCACY, EUREKA RECYCLING ASPIRES TO HELP INDIVIDUALS, ORGANIZATIONS, AND COMMUNITITES UNDERSTAND THE SIGNIFICANCE OF ZERO WASTE AND TO ACHIEVE THEIR OWN ZERO-WASTE GOALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn Hoffman Co-President/secretary | OfficerTrustee | 60 | $125,808 |
Kate Davenport Co-President | OfficerTrustee | 60 | $123,358 |
Alex Danovitch Vice Chair | OfficerTrustee | 2 | $0 |
Rick Person Vice Chair/treasurer | OfficerTrustee | 2 | $0 |
Lara Page Board Member | OfficerTrustee | 2 | $0 |
Tim Brownell Board Member/board Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,347,632 |
All other contributions, gifts, grants, and similar amounts not included above | $335,889 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,683,521 |
Total Program Service Revenue | $173,661 |
Investment income | $5,484 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$7,360 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $12,637,807 |
Miscellaneous Revenue | $0 |
Total Revenue | $20,493,113 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $394,064 |
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. | $284,886 |
Compensation of current officers, directors, key employees. | $142,443 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,801,654 |
Pension plan accruals and contributions | $67,650 |
Other employee benefits | $733,798 |
Payroll taxes | $464,970 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,508 |
Fees for services: Accounting | $33,603 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $3,693 |
Office expenses | $1,420,187 |
Information technology | $4,191 |
Royalties | $0 |
Occupancy | $1,324,793 |
Travel | $48,548 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $99,171 |
Interest | $571,823 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,508,068 |
Insurance | $332,341 |
All other expenses | $531,025 |
Total functional expenses | $17,150,589 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $512,278 |
Savings and temporary cash investments | $3,324,193 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,842,053 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $753,699 |
Prepaid expenses and deferred charges | $159,331 |
Net Land, buildings, and equipment | $9,180,722 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $76,536 |
Total assets | $15,848,812 |
Accounts payable and accrued expenses | $1,701,558 |
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 | $5,716,913 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,220,056 |
Total liabilities | $10,638,527 |
Net assets without donor restrictions | $5,158,112 |
Net assets with donor restrictions | $52,173 |
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 | $15,848,812 |
Over the last fiscal year, Neighborhood Recycling Corporation has awarded $394,048 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Boulder, CO PURPOSE: TO SUPPORT ALLIANCE FOR MISSION BASED RECYCLERS (AMBR) MISSION TO EDUCATE, ADVOCATE FOR CHANGES IN RECYCLING POLICIES, AND REDUCE PLASTIC WASTE. | $169,654 |
Dexter, MI PURPOSE: TO SUPPORT ALLIANCE FOR MISSION BASED RECYCLERS (AMBR) MISSION TO EDUCATE, ADVOCATE FOR CHANGES IN RECYCLING POLICIES, AND REDUCE PLASTIC WASTE. | $104,767 |
Ann Arbor, MI PURPOSE: TO SUPPORT ALLIANCE FOR MISSION BASED RECYCLERS (AMBR) MISSION TO EDUCATE, ADVOCATE FOR CHANGES IN RECYCLING POLICIES, AND REDUCE PLASTIC WASTE. | $90,400 |
Berkeley, CA PURPOSE: TO SUPPORT ALLIANCE FOR MISSION BASED RECYCLERS (AMBR) MISSION TO EDUCATE, ADVOCATE FOR CHANGES IN RECYCLING POLICIES, AND REDUCE PLASTIC WASTE. | $29,227 |
Over the last fiscal year, we have identified 2 grants that Neighborhood Recycling Corporation has recieved totaling $201,271.
Awarding Organization | Amount |
---|---|
The Schmidt Family Foundation Palo Alto, CA PURPOSE: ADVANCING SUSTAINABLE MATERIALS, OCEAN STEWARDSHIP AND RESEARCH | $201,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Organization Name | Assets | Revenue |
---|---|---|
Neighborhood Recycling Corporation Minneapolis, MN | $15,848,812 | $20,493,113 |
Northern Prairies Land Trust Sioux Falls, SD | $451,236 | $537,531 |
United Prairie Foundation Incorporated Sheldon, ND | $162,413 | $344,324 |
Berlin Conservation Club Inc Berlin, WI | $538,397 | $154,902 |
Badlands Conservation Alliance Bismarck, ND | $89,117 | $0 |
Wisconsin Onsite Water Recycling Association Inc Germantown, WI | $42,524 | $0 |
Reuse Minnesota Minneapolis, MN | $20,148 | $0 |
Automotive Recyclers Of Minnesota Foundation Fridley, MN | $84,784 | $12,804 |
Dynamic Family Solutions New Hope, MN | $0 | $0 |
Sustainable Operations And Recycling Inc Wisconsin Rapids, WI | $0 | $603 |