Infinity Recycling Inc
- Assets
- $45.4k
- Revenue
- $646.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Millington, MD
- Founding
- 12/1993
- Data as of
- 06/2021
- EIN
- 52-1625681
Organization Overview
Infinity Recycling Inc is located in Millington, MD. The organization was established in 1993. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 06/2021, Infinity Recycling Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinity Recycling 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 06/2021, Infinity Recycling Inc generated $646.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $656.6k during the year ending 06/2021. While expenses have increased by 3.0% 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
PROVIDE AWARENESS OF RECYCLING ISSUES AND COMMUNITY RECYCLING SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND PROVIDING COMMUNITY RECYCLING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Ford Schumann President | OfficerTrustee | 40 | $0 |
Marilee Schumann Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,597 |
| Investment income | $9 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,113 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $241,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,095 |
| Payroll taxes | $17,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $853 |
| Office expenses | $16,322 |
| Information technology | $1,630 |
| Royalties | $0 |
| Occupancy | $6,751 |
| Travel | $3,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,897 |
| Insurance | $48,808 |
| All other expenses | $0 |
| Total functional expenses | $656,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,164 |
| Savings and temporary cash investments | $18,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,166 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,366 |
| Accounts payable and accrued expenses | $3,086 |
| 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 | $119,549 |
| Secured mortgages and notes payable | $46,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,160 |
| Total liabilities | $304,646 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$259,280 |