Computer Recycling Of Virginia Inc
- Assets
- $1.2m
- Revenue
- $481.8k
- Investments
- $0.0
- Employees
- 18
- Location
- Millers Tavern, VA
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 54-2025254
Organization Overview
Computer Recycling Of Virginia Inc is located in Millers Tavern, VA. The organization was established in 2001. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Computer Recycling Of Virginia Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Computer Recycling Of Virginia 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 12/2022, Computer Recycling Of Virginia Inc generated $481.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $448.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REFURBISH AND SUPPLY USED PERSONAL COMPUTER AND PERIPHERAL EQUIPMENT TO PUBLIC SCHOOL SYSTEMS AS WELL AS NONPROFIT ORGANIZATIONS THAT SERVE THE PUBLIC GOOD.
Describe the Organization's Program Activity:
PROVIDED COMPUTER AND PERIPHERAL EQUIPMENT TO 22 LOCAL PUBLIC SCHOOLS AND 4 VIRGINIA STATE COLLEGES.
PROVIDED VARIOUS COMPUTER AND PERIPHERAL EQUIPMENT TO THE SUPREME COURT OF VIRGINIA
COLLECTED 249 TONS OF COMPUTER AND RELATED EQUIPMENT, AS WELL AS TELEVISIONS,FROM VARIOUS LOCAL GOVERNMENT AND VIRGINIA STATE INSTITUTIONS AS WELL AS OTHER NONPROFIT ORGANIZATIONS, TO RE-PURPOSE THEM FOR RESALE OR REUSE AS PART OF THE ORGANIZATIONS GOAL OF RECYCLING WASTE MATERIALS. ITEMS CONTAINING HAZARDOUS WASTE THAT COULD NOT BE RECYCLED WERE PROPERTY PROCESSED AND DISPOSED OF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Parkhurst Executive Assistant | 40 | $64,000 | |
Christopher L Parkhurst President & CEO | OfficerTrustee | 60 | $57,000 |
Norman Van Ferguson Treasurer | Officer | 1 | $1,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,917 |
| 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 | $477,897 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,814 |
| 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. | $122,750 |
| Compensation of current officers, directors, key employees. | $56,550 |
| Compensation to disqualified persons | $57,500 |
| Other salaries and wages | $198,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| 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 | $743 |
| Advertising and promotion | $0 |
| Office expenses | $9,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,382 |
| Travel | $1,556 |
| 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 | $1,954 |
| Insurance | $9,554 |
| All other expenses | $0 |
| Total functional expenses | $448,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,521 |
| Savings and temporary cash investments | $408,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,326 |
| Net Land, buildings, and equipment | $21,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,112 |
| Total assets | $1,167,916 |
| Accounts payable and accrued expenses | $421 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,949 |
| Total liabilities | $9,370 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,158,546 |
| 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 | $1,167,916 |