Thermostat Recycling Corporation
- Assets
- $2.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 54-1830284
Organization Overview
Thermostat Recycling Corporation, operating under the name Trc, is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Trc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 9.3% 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
TO PROMOTE THE SAFE COLLECTION AND PROPER DISPOSAL OF MERCURY-CONTAINING THERMOSTATS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRC FACILITATES THE PROPER MANAGEMENT OF WASTE MERCURY THERMOSTATS BY PROVIDING RECYCLING CONTAINERS FOR THE COLLECTION AND TRANSPORT OF WASTE MERCURY THERMOSTATS TO ELIGIBLE COLLECTION SITES IN ALL U.S. STATES EXCEPT ALASKA AND HAWAII. TRC ALSO CONDUCTS AN EDUCATIONAL CAMPAIGN PROMOTING THE PROPER MANAGEMENT OF WASTE MERCURY THERMOSTATS. SINCE TRC'S FOUNDING, TRC HAS COLLECTED OVER 2,500,000 MERCURY-CONTAINING THERMOSTATS WHICH HAS KEPT 12 TONS OF MERCURY OUT OF THE WASTE SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta Damron Secretary | OfficerTrustee | 2.5 | $0 |
Arnie Meyer Chair | OfficerTrustee | 2.5 | $0 |
Bob Johnson Treasurer | OfficerTrustee | 2.5 | $0 |
Chuck Ketterer Vice Chair | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Axiom Advisors Consulting Services | 12/30/20 | $175,300 |
Crossroad Services Inc Utility Services | 12/30/20 | $117,159 |
S Groner Associates Inc Marketing Consulting | 12/30/20 | $576,849 |
Kellen Company Association Management | 12/30/20 | $382,000 |
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 | $2,889,690 |
| Investment income | $50 |
| 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 | $2,889,740 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $358,000 |
| Fees for services: Legal | $129,962 |
| Fees for services: Accounting | $15,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $514,999 |
| Advertising and promotion | $831,825 |
| Office expenses | $18,586 |
| Information technology | $31,080 |
| Royalties | $0 |
| Occupancy | $4,235 |
| Travel | $5,249 |
| 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 | $55,080 |
| Insurance | $31,471 |
| All other expenses | $16,491 |
| Total functional expenses | $2,583,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,290,689 |
| Savings and temporary cash investments | $250,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $609,477 |
| 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 | $30,298 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $82,735 |
| Other assets | $2,000 |
| Total assets | $2,265,895 |
| Accounts payable and accrued expenses | $334,229 |
| 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 | $0 |
| Total liabilities | $334,229 |
| Net assets without donor restrictions | $1,811,666 |
| Net assets with donor restrictions | $120,000 |
| 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 | $2,265,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hispanic Information & Telecommunications Network Inc Brooklyn, NY | $92,790,670 | $7,004,731 |
Keystone Initiative For Network Based Education & Research Lititz, PA | $86,518,752 | $6,204,433 |
Centralcast Llc Troy, NY | $8,328,344 | $3,739,153 |
Thermostat Recycling Corporation New York, NY | $2,265,895 | $2,889,740 |
Cambridge Public Access Corporation Inc Cambridge, MA | $3,099,418 | $1,284,087 |
City Limits News Inc New York, NY | $510,252 | $701,662 |
Natick Pegasus Inc Natick, MA | $3,359,271 | $910,322 |
Leominster Telecommunications Corp Inc Leominster, MA | $1,740,799 | $606,108 |
Marshfield Community Television Inc Marshfield, MA | $859,024 | $514,733 |
Danvers Community Access Television Incorporated Danvers, MA | $1,567,302 | $583,808 |
Skye Cable Xiii Inc Waterbury, CT | $132,403 | $297,687 |
Sterling - Lancaster Community Television Corporation Sterling, MA | $869,759 | $324,122 |