Composite Recycling Technology Center
- Assets
- $3.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Port Angeles, WA
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 47-5271830
Organization Overview
Composite Recycling Technology Center is located in Port Angeles, WA. The organization was established in 2017. 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, Composite Recycling Technology Center employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Composite Recycling Technology Center 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, Composite Recycling Technology Center generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
RECYCLE AND REPURPOSE CARBON FIBER SCRAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEF3 - CLEAN ENERGY FUND 3 GRANT MONIES RECEIVED TO SUPPORT AND INVEST IN CAPITAL EQUIPMENT FOR THE RE-PURPOSING AND MANUFACTURING OF CARBON COMPOSITE SCRAP.
OTHER EXPENSES INCLUDE THOSE AS LISTED AS FUNCTIONAL EXPENSES IN PART IX, LESS THE EXPENSES RELATING TO THE CEF3 EXPENSES. OTHER REVENUE IS AS SHOWN IN PART VIII COMPRISING TOTAL REVENUE LESS THE REVENUE RECEIVED FROM THE CEF3 PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Walter Chief Executive Officer | Officer | 60 | $82,267 |
Nobuyuki Odagiri Treasurer | Trustee | 5 | $0 |
Ray Grove Secretary | Trustee | 5 | $0 |
Loren Lyon Director | Trustee | 5 | $0 |
Charles Brandt Chairman | Trustee | 5 | $0 |
Joe Mcswiney Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $336,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,853 |
| Noncash contributions included in lines 1a–1f | $117,948 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,177 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $702,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,383,273 |
| 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. | $82,267 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,763 |
| Pension plan accruals and contributions | $31,361 |
| Other employee benefits | $13,736 |
| Payroll taxes | $78,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,428 |
| Advertising and promotion | $9,103 |
| Office expenses | $3,609 |
| Information technology | $15,369 |
| Royalties | $0 |
| Occupancy | $120,409 |
| Travel | $2,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,096 |
| Insurance | $6,763 |
| All other expenses | $0 |
| Total functional expenses | $1,421,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,848 |
| Savings and temporary cash investments | $1,278,215 |
| Pledges and grants receivable | $21,284 |
| Accounts receivable, net | $34,934 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $833,996 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,132,474 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,377,751 |
| Accounts payable and accrued expenses | $45,222 |
| 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 | $98,953 |
| Secured mortgages and notes payable | $2,069,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,078 |
| Total liabilities | $2,233,955 |
| Net assets without donor restrictions | $1,143,796 |
| 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 | $3,377,751 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Composite Recycling Technology Center has recieved totaling $195.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Looptfoundation Portland, OR | $56,493 | $16,408,583 |
Free Geek Portland, OR | $1,016,167 | $3,381,245 |
Methow Salmon Recovery Foundation Twisp, WA | $4,277,906 | $1,818,499 |
Our United Villages Portland, OR | $3,118,439 | $1,795,235 |
Composite Recycling Technology Center Port Angeles, WA | $3,377,751 | $1,383,273 |
Bring Recycling Eugene, OR | $3,054,135 | $1,414,316 |
Oregon Refuse And Recycling Association Salem, OR | $727,687 | $1,151,379 |
Scrap Creative Reuse Portland, OR | $176,383 | $1,151,365 |
Metafoundation Corvallis, OR | $982,680 | $1,136,623 |
Siuslaw Watershed Council Inc Mapleton, OR | $249,761 | $798,212 |
Washington Refuse And Recycling Association Lacey, WA | $479,791 | $683,130 |
Valley Community For Recycling Solutions Wasilla, AK | $869,774 | $688,422 |