Respectacle Inc
- Assets
- $259.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hudson, WI
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-2427833
Organization Overview
Respectacle Inc is located in Hudson, WI. The organization was established in 2014. According to its NTEE Classification (O19) the organization is classified as: Support N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Respectacle Inc 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 12/2023, Respectacle Inc generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $53.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF RESPECTACLE IS TO RECYCLE HIGH QUALITY, PRESCRIPTION-MATCHED, USED EYE GLASSES TO UNDERSERVED POPULATIONS IN THE USA AND ABROAD. THE DONATED GLASSES ARE SELECTIVELY PROCESSED BY VOLUNTEERS INTO AN ONLINE DATABASE END-USERS CAN SEARCH FOR GOOD (PRESCRIPTION AND STYLE) MATCH USING OUR UNIQUE ONLINE SEARCH ALGORITHM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Lynch Ceo/board Membe | 10 | $0 | |
Evan Ballard Board Member | 1 | $0 | |
Josh Anderson Board Member | 1 | $0 | |
Tayyeba Ali Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,981 |
| Total Program Service Revenue | $7,578 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,560 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,500 |
| Occupancy, rent, utilities, and maintenance | $16,560 |
| Printing, publications, postage, and shipping | $4,144 |
| Other expenses | $17,059 |
| Total expenses | $53,263 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,219 |
| Other assets | $0 |
| Total assets | $259,127 |
| Total liabilities | $1,139 |
| Net assets or fund balances | $257,988 |
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