Upcycle Parts Shop
- Assets
- $33.3k
- Revenue
- $205.3k
- Investments
- $0.0
- Employees
- 21
- Location
- Cleveland, OH
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2921837
Organization Overview
Upcycle Parts Shop is located in Cleveland, OH. The organization was established in 2019. As of 12/2023, Upcycle Parts Shop employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upcycle Parts Shop 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 12/2023, Upcycle Parts Shop generated $205.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $191.2k during the year ending 12/2023. While expenses have increased by 9.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVOKE CREATIVITY AND PROMOTE COMMUNITY THROUGH REUSE, RESOURCEFULLNESS, AND RELATIONSHIPS. EDUCATION ON ENVIRONMENT AND CREATIVE REUSE IS CENTRAL TO ALL THE WORK DONE BY THE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPCYCLE PARTS SHOP STRENGTHENED ITS SOCIAL ENTERPRISE PROGRAMMING BY REACHING MORE HIGH SCHOOLS IN NORTHEAST OHIO, TARGETING PARTNERSHIPS CMSD WITH HIGH SCHOOLS LOCATED IN THE CITY OF CLEVELAND, AND EXPANDING THE INNOVATION KIT PROGRAM BY MORE THAN TRIPLE THE YEAR BEFORE. INNOVATION KITS PACKED UP WITH UPCYCLED MATERIALS ARE NOW SHIPPED AROUND THE COUNTRY AND ONLINE CURRICULUM, AVAILABLE FOR FREE ON OUR WEBSITE, CONTINUES TO SHARE EDUCATION ON SOCIAL ENTERPRISE AS A BUSINESS MODEL, FEATURING OUR ORGANIZATION AS A CASE STUDY. THE ORGANIZATION BEGAN HOSTING VOLUNTEER WORK PARTIES TO SUPPORT INNOVATION KIT PACKING AND HAD PARTICIPATION FROM 35 VOLUNTEERS THROUGHOUT THE YEAR. STAFF EXPLORED ONLINE SALES OF THE MATERIAL DONATIONS THROUGH MORE CHANNELS THAN EVER BEFORE. ULTIMATELY STAFF CAPACITY WAS LIMITED TO BUILD A NEW ONLINE SALES STRATEGY BUT LESSONS WERE LEARNED AND INTEREST WAS SHOWN THAT CAN INFORM EFFORTS IN THE FUTURE.
UPCYCLE HOSTED SEVERAL SOCIAL MIXERS, INCLUDING A GATHERING HOSTED BY A LOCAL TELEVISION CELEBRITY, KENNY CRUMPTON, THAT WE CALLED CRAFTING WITH KENNY, IN WHICH 90 TICKETS WERE SOLD, NEW VOLUNTEERS CONNECTED TO OUR WORK, AND THE EVENT SUCCESSFULLY CONNECTED OUR FOLLOWERS TO THE SPACE OF A NEIGHBORING ASSET, LUTHERAN METROPOLITAN MINISTRY.UPCYCLE PARTS SHOP LAUNCHED A SUCCESSFUL FUNDRAISING CAMPAIGN CALLED RHINO STAMPEDE, EMPHASIZING THE ORGANIZATION HAS TAKEN IN ENOUGH DONATIONS EQUIVALENT TO 18 FULL GROWN RHINOCEROSES OVER THE 9 YEARS IN OUR SMALL SPACE. THE GOAL OF THE RHINO STAMPEDE WAS TO RAISE FUNDS TO EXPAND THE RETAIL SHOP AND DONATION PROCESSING INTO AN ADJACENT SPACE, WHICH WAS SUCCESSFULLY ACCOMPLISHED IN EARLY 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Mcgee Executive Director | Officer | 40 | $47,951 |
Bri Lazarchik Director | Trustee | 1 | $0 |
Sarah Kolansky Director | Trustee | 1 | $0 |
Stephanie Allen Director | Trustee | 1 | $0 |
Brittney Smith Director | Trustee | 1 | $0 |
Allison Lukacsy-Love Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,797 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,366 |
| Total Program Service Revenue | $97,878 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,274 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $553 |
| Payroll taxes | $11,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,942 |
| Advertising and promotion | $1,857 |
| Office expenses | $1,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,766 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,458 |
| All other expenses | $1,278 |
| Total functional expenses | $191,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,302 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,985 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,287 |
| Accounts payable and accrued expenses | $125 |
| Grants payable | $0 |
| Deferred revenue | $2,550 |
| 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 | $8,689 |
| Total liabilities | $11,364 |
| Net assets without donor restrictions | $21,923 |
| 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 | $33,287 |