Blue Star Recyclers
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 68
- Location
- Colorado Springs, CO
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 27-5071916
Organization Overview
Blue Star Recyclers is located in Colorado Springs, CO. The organization was established in 2011. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2022, Blue Star Recyclers employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Star Recyclers 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, Blue Star Recyclers generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF BLUE STAR RECYCLERS IS TO ETHICALLY RECYCLE ELECTRONICS AS A WAY TO CREATE LOCAL JOBS FOR PERSONS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLORADO SPRINGS RECYCLING OPERATIONS - ETHICAL RECYCLING OF E-WASTE: 98% OF MATERIALS BROUGHT TO BLUE STAR RECYCLERS ARE RECYCLABLE. DEVELOPMENTALLY DISABLED ADULTS BREAK DOWN THE ELECTRONICS TO BASE MATERIALS, WHICH ARE ULTIMATELY SOLD AS COMMODITIES.
NATIONAL EXPANSION PROGRAM - IN AN EFFORT TO REPLICATE THE BLUE STAR MODEL INTO OTHER MARKETS ACROSS THE COUNTRY AS A WAY TO CREATE MORE JOBS FOR PEOPLE WITH DISABILITIES, BLUE STAR RECYCLERS HAS IMPLEMENTED A PROGRAM TO TEACH OUR MODEL TO COMMUNITIES IN OTHER STATES.
DENVER RECYCLING OPERATIONS - ETHICAL RECYCLING OF E-WASTE: 98% OF MATERIALS BROUGHT TO BLUE STAR RECYCLERS ARE RECYCLABLE. DEVELOPMENTALLY DISABLED ADULTS BREAK DOWN THE ELECTRONICS TO BASE MATERIALS, WHICH ARE ULTIMATELY SOLD AS COMMODITIES.
ILLINOIS RECYCLING OPERATIONS - ETHICAL RECYCLING OF E-WASTE: 98% OF MATERIALS BROUGHT TO BLUE STAR RECYCLERS ARE RECYCLABLE. DEVELOPMENTALLY DISABLED ADULTS BREAK DOWN THE ELECTRONICS TO BASE MATERIALS, WHICH ARE ULTIMATELY SOLD AS COMMODITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Fagnant Board Member | Trustee | 1 | $0 |
William Morris Founder | OfficerTrustee | 40 | $84,609 |
John Griffith Board Member | Trustee | 1 | $0 |
Adam Melnick Co-Chair | Trustee | 1 | $0 |
Garrett Mayberry Chair | OfficerTrustee | 1 | $0 |
Samuel Morris CEO | OfficerTrustee | 40 | $93,330 |
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 | $284,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,519 |
| Total Program Service Revenue | $2,223,103 |
| Investment income | $105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,126,838 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,385,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,300 |
| 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. | $184,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,406 |
| Payroll taxes | $29,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,363 |
| Advertising and promotion | $84,117 |
| Office expenses | $74,088 |
| Information technology | $59,977 |
| Royalties | $0 |
| Occupancy | $535,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,775 |
| Insurance | $43,211 |
| All other expenses | $2,160 |
| Total functional expenses | $1,506,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,067 |
| Savings and temporary cash investments | $249,489 |
| Pledges and grants receivable | $1,837 |
| Accounts receivable, net | $275,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,542 |
| Prepaid expenses and deferred charges | $23,583 |
| Net Land, buildings, and equipment | $125,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $695,372 |
| Total assets | $1,445,529 |
| Accounts payable and accrued expenses | $218,089 |
| 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 | $23,311 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $678,950 |
| Total liabilities | $920,350 |
| Net assets without donor restrictions | $380,597 |
| Net assets with donor restrictions | $144,582 |
| 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 | $1,445,529 |