Recycleballs
- Assets
- $437.1k
- Revenue
- $670.9k
- Investments
- $0.0
- Employees
- 17
- Location
- South Burlington, VT
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-4157244
Organization Overview
Recycleballs is located in South Burlington, VT. The organization was established in 2016. 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, Recycleballs employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recycleballs 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, Recycleballs generated $670.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $410.9k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 5 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
RECYCLING OF USED TENNIS BALLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRATEGIC HIGHLIGHTS - INTRODUCED RECYCLING EFFORTS TO KEY INDUSTRY DECISION LEADERS AT USTA, USPTA AND TIA; DEVELOPED RELATIONSHIPS WITH POTENTIAL NATIONAL RECYCLING SUPPLIERS AND PARTNERS, CREATED RB CHAMPIONS VOLUNTEER PROGRAM; DEVELOPED QUICKSHIP AND INSTASHIP PROGRAMS; DEVELOPED COLLEGE INTERN PROGRAM. COLLECTION HIGHLIGHTS - BECAME FIRST ORGANIZATION IN US TENNIS HISTORY WITH SUSTAINABLE AND SCALABLE NATIONWIDE TENNIS BALL COLLECTION SOLUTION; PARTNERED WITH 100 FACILITIES NATIONWIDE WHO ARE SENDING IN THOUSANDS OF TENNIS BALLS; DEVELOPED MONTHLY NEWSLETTER; CREATED UNIQUE OUTDOOR ENCLOSURE AND INVENTORY CONTROL SYSTEM. RECYCLING HIGHLIGHTS - CREATED GREENGOLD WHICH IS A UNIQUE CRUMB RUBBER PRODUCT MADE FROM TENNIS BALLS; COMPLETED A GRINDING/SEPARATION RECIPE AND PROCESS; TESTED THE RECIPE AND PROCESS; PRODUCED PRODUCT SHEET AND MSDS SHEETS FOR ALL ELEMENTS; CREATED FIRST PRODUCTS MADE WITH RECYCLEBALLS GREEN GOLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Senior President | OfficerTrustee | 40 | $31,488 |
Eric Lashway Director | Trustee | 5 | $0 |
Kari Brown Director | Trustee | 5 | $0 |
Hans Martin Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,359 |
| Noncash contributions included in lines 1a–1f | $31,759 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,602 |
| Total Program Service Revenue | $134,044 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,680 |
| 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 | $266,612 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,938 |
| 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. | $31,488 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,094 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,923 |
| Advertising and promotion | $4,987 |
| Office expenses | $400 |
| Information technology | $41,599 |
| Royalties | $0 |
| Occupancy | $108,118 |
| Travel | $2,228 |
| 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 | $30,583 |
| Insurance | $4,538 |
| All other expenses | $0 |
| Total functional expenses | $410,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,375 |
| Savings and temporary cash investments | $9 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,980 |
| Inventories for sale or use | $18,637 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,078 |
| Accounts payable and accrued expenses | $2,659 |
| 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 | $1,000 |
| Total liabilities | $3,659 |
| Net assets without donor restrictions | $433,419 |
| 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 | $437,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Recycleballs has recieved totaling $53,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: SOCIAL SERVICES/SOCIAL BENEFITS | $53,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Furniture Trust Organization Inc Arlington, MA | $739,128 | $7,076,929 |
1 For The Planet Inc Burlington, VT | $13,842,882 | $4,568,518 |
Finger Lakes Reuse Inc Ithaca, NY | $1,994,394 | $3,045,475 |
Fabscrap Inc Brooklyn, NY | $633,771 | $1,218,585 |
Bronx River Alliance Inc Bronx, NY | $1,741,591 | $1,231,886 |
Sure We Can Inc Brooklyn, NY | $493,950 | $1,303,285 |
Stark Mountain Foundation Inc Waitsfield, VT | $715,466 | $539,834 |
Friends Of The Upper Delaware River Hancock, NY | $990,040 | $867,642 |
National Onsite Wastewater Recycling Association Inc Westford, MA | $441,973 | $798,443 |
Student-Led Sustainable Initiatives Inc Dover, NH | $283,956 | $473,396 |
Northeast Recycling Council Brattleboro, VT | $1,206,462 | $754,846 |
Earthworm Inc Somerville, MA | $387,623 | $439,317 |