Recycleballs
- Assets
- $771.9k
- Revenue
- $751.1k
- Investments
- $0.0
- Employees
- 19
- Location
- South Burlington, VT
- Founding
- 10/2016
- Data as of
- 12/2022
- 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 12/2022, Recycleballs employed 19 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 12/2022, Recycleballs generated $751.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $420.8k during the year ending 12/2022. While expenses have increased by 30.3% 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
2022
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 | $53,800 |
Ryan Senior Trustee | Trustee | $0 |
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 | $277,212 |
| Noncash contributions included in lines 1a–1f | $24,612 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,212 |
| Total Program Service Revenue | $128,083 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,030 |
| 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 | $321,783 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,108 |
| 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. | $53,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,792 |
| Fees for services: Accounting | $655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,618 |
| Advertising and promotion | $9,451 |
| Office expenses | $2 |
| Information technology | $14,091 |
| Royalties | $0 |
| Occupancy | $103,732 |
| Travel | $4,688 |
| 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 | $25,904 |
| Insurance | $2,860 |
| All other expenses | $0 |
| Total functional expenses | $420,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,251 |
| Savings and temporary cash investments | $425,009 |
| 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 | $15,507 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $54,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,869 |
| Accounts payable and accrued expenses | $7,140 |
| 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 | $8,140 |
| Net assets without donor restrictions | $763,729 |
| 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 | $771,869 |