Comprenew
- Assets
- $1.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 100
- Location
- Grand Rapids, MI
- Founding
- 07/2013
- Data as of
- 06/2021
- EIN
- 46-2139282
Organization Overview
Comprenew is located in Grand Rapids, MI. The organization was established in 2013. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2021, Comprenew employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comprenew 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 06/2021, Comprenew generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 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
COMPRENEW STRIVES TO PROTECT BUSINESSES, PEOPLE AND THE ENVIRONMENT FROM THE THREAT OF IMPROPERLY DISPOSED ELECTRONIC DEVICES THROUGH BEST PRACTICES WHILE FOSTERING JOB READINESS AND COMPUTER LITERACY AMONG AT-RISK POPULATIONS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPRENEW STARTED ITS RECYCLING MISSION TO REDUCE THE NUMBER OF COMPUTERS ENTERING THE WASTE STREAM AND THE RESULTING ENVIRONMENTAL THREATS. WE SERVE BUSINESSES AND INDIVIDUALS WITH THE COLLECTION OF USED AND SURPLUS ELECTRONICS. WE PARTNER WITH AREA AGENCIES TO PROVIDE TRAINING AND EMPLOYMENT TO INDIVIDUALS WITH SOME BARRIER TO EMPLOYMENT. EMPLOYEES LEARN ABOUT COMPUTERS AND ELECTRONICS WHILE WORKING IN THE RECYCLING PROCESS. COMPRENEW MAINTAINS FOUR RETAIL STORES FOR THE SALE OF NEW AND DONATED ELECTRONICS. WE ALSO FOCUS ON OUR COMMUNITY BY OFFERING COMPUTER LITERACY CLASSES AND DISCOUNTED COMPUTER EQUIPMENT TO QUALIFYING INDIVIDUALS AND ORGANIZATIONS THAT PROVIDE ASSISTANCE AND TRAINING TO AT-RISK POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Vanderkooy Presidentsecretary | OfficerTrustee | 30 | $105,293 |
Trent Wierenga Treasurer | OfficerTrustee | 2 | $0 |
Berniz Terpstra Chairperson | OfficerTrustee | 2 | $0 |
Gordon Anderson Director | Trustee | 1 | $0 |
Christopher Dahlvig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $400,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,363 |
| Noncash contributions included in lines 1a–1f | $15,039 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,961 |
| Total Program Service Revenue | $519,581 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,430,001 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,400,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,653 |
| 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. | $95,833 |
| Compensation of current officers, directors, key employees. | $44,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,670,893 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,473 |
| Payroll taxes | $132,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $578 |
| Fees for services: Accounting | $45,883 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,689 |
| Advertising and promotion | $9,152 |
| Office expenses | $47,052 |
| Information technology | $38,016 |
| Royalties | $0 |
| Occupancy | $352,920 |
| Travel | $54,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83 |
| Interest | $9,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,369 |
| Insurance | $27,848 |
| All other expenses | $0 |
| Total functional expenses | $2,697,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $483,088 |
| Prepaid expenses and deferred charges | $52,943 |
| Net Land, buildings, and equipment | $506,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,924 |
| Total assets | $1,386,352 |
| Accounts payable and accrued expenses | $380,835 |
| 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 | $219,738 |
| Unsecured mortgages and notes payable | $419,900 |
| Other liabilities | $150,000 |
| Total liabilities | $1,170,473 |
| Net assets without donor restrictions | $215,879 |
| 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 | $1,386,352 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Comprenew has recieved totaling $178,055.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC | | $178,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
Alternative Services Inc Livonia, MI | $7,366,865 | $19,260,282 |
Employ Milwaukee Inc Milwaukee, WI | $5,350,025 | $18,087,018 |
Berrien-Cass-Vanburen Workforce Development Board Inc Benton Harbor, MI | $2,581,468 | $13,721,312 |
Jobworks Inc Fort Wayne, IN | $2,850,480 | $13,765,612 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Wisconsin Operating Engineers Skill Improvement And Apprenticeship Fun Pewaukee, WI | $22,671,605 | $11,410,505 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Hobart Institute Of Welding Technology Troy, OH | $21,990,854 | $8,624,823 |
International Union Of Operating Engineers Local 324 Health & Welfa Troy, MI | $11,444,859 | $7,479,654 |
Michigan Statewide Carpenters And Millwrights Jatc Fund Lansing, MI | $41,111,289 | $11,191,955 |
Northeast Indian Works Inc Fort Wayne, IN | $1,136,996 | $7,211,329 |