Overview
What is Recycle For Education Inc?
Recycle For Education Inc, located in Saint Albans, New York, is a nonprofit organization with a focus on recycling. Specifically, they purchase five-cent bottles and cans from the community. The primary objective of this organization is to utilize the revenue generated from this recycling activity to grant scholarships to students with a C average. By promoting recycling and offering educational opportunities, Recycle For Education Inc aims to contribute positively to its local community. The organization operates with a small team of one dedicated individual.
Official website here: www.recycleforeducation.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%, Zero-Star out of Four Star Rating.
Recycle For Education Inc has received a low rating due to significant concerns regarding its accountability and financial practices. The score is derived entirely from its performance in these areas, revealing critical shortcomings, particularly in the management of its assets and the governance policies in place. While the organization boasts a majority of independent board members, it lacks sufficient independent board size and has not implemented several essential policies, including those for conflict of interest and whistleblower protections.
Despite having some positive attributes, such as listed documentation of board meeting minutes and material diversion of assets, the nonprofit struggles with financial transparency. The program expense ratio is notably low at 22.42%, indicating that a small portion of its funds are directed toward its intended programs, which raises questions about operational efficiency. Additionally, the liabilities to assets ratio is concerningly high at 296.88%, suggesting potential financial instability.
Overall, potential donors and supporters should approach Recycle For Education Inc with caution, given its zero-star rating and the various governance and financial issues highlighted by Charity Navigator. Enhanced transparency and improved financial management strategies are necessary for the organization to regain trust and improve its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Recycle For Education Inc legitimate?
Recycle For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Recycle For Education Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $69,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.recycleforeducation.net
What is the mission statement of Recycle For Education Inc?
Recycle For Education Inc. is committed to its mission of recycling five cent bottles and cans from the community. The primary objective of this organization is to utilize the revenue generated from this recycling process to grant scholarships to students who maintain a C average in their academic pursuits. Throughout the year, Recycle for Education buys these bottles and cans from the public to accomplish its mission.
Official website here: www.recycleforeducation.net
Who is the CEO of Recycle For Education Inc?
Kwesi Amoa is the Executive Director of Recycle For Education Inc.
Official website here: www.recycleforeducation.net
What is the revenue of Recycle For Education Inc?
Recycle For Education Inc's revenue in 2022 was $576,745.
Official website here: www.recycleforeducation.net
Who are the executives of Recycle For Education Inc and what are their salaries?
The average compensation at Recycle For Education Inc during 2022 was $69,846. There is 1 employee at Recycle For Education Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.recycleforeducation.net
Where can I find the form 990 for Recycle For Education Inc?
Recycle For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.recycleforeducation.net
Learn more at the official website: www.recycleforeducation.net
Mission Statement of Recycle For Education Inc
Recycle for Education Inc. is committed to recycling five cent bottles and cans with the primary objective of offering scholarships to students who maintain a C average. This nonprofit organization, through its mission, aims to provide a sustainable solution for waste management while simultaneously supporting the educational aspirations of deserving students. By purchasing recyclable materials from the public, Recycle for Education Inc. is able to generate funds for its scholarship program, thereby enabling deserving students to pursue their academic endeavors.
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Impact
July, 2024
Recycle For Education Inc's impact can be seen in their mission to recycle bottles and cans in order to provide scholarships to C average students. Through their efforts, they are able to support educational opportunities for individuals in the community who may not have access to traditional funding sources. Their initiative not only promotes environmental stewardship through recycling but also contributes to the academic advancement of students in need. By turning recycled materials into educational resources, Recycle For Education Inc is making a positive impact on both the environment and the lives of students.
This information is meant to be a general summary of Recycle For Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $573,505
- Gross Receipts: $576,745
Assets and Liabilities:
- Total Assets: $114,822
- Total Liabilities: $193,727
- Net Assets: -$78,905
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Organization Details
Founding Year
2007
Phone
(347) 455-6891Principal Officer
Kwesi Amoa
Main Address
200 - 09 Murdock Avenue, Saint Albans, NY, 11412
Website
www.recycleforeducation.netNTEE Category
Code: B90 - Education
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