Overview
What is Composite Recycling Technology Center?
The Composite Recycling Technology Center is a nonprofit organization based in Port Angeles, Washington, with a ZIP code of 98363. Their primary mission is the recycling and repurposing of carbon fiber scrap, with the ultimate goal of reducing landfill waste and providing employment opportunities. With the aid of a CEF4 Clean Energy Fund 4 grant, they have made significant progress in 2022 and are investing in capital equipment for the re-purposing and manufacturing of carbon composite scrap. This initiative is scheduled to be completed by December 31, 2023. The organization currently employs 30 individuals in its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
The Composite Recycling Technology Center has achieved a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial practices. The rating is based entirely on the charity's performance in the Accountability & Finance category, indicating a strong emphasis on transparent governance and responsible financial management.
Strengths include a fully independent board of directors, effective policies regarding conflicts of interest, and a comprehensive whistleblower policy. The organization also demonstrates a high program expense ratio, meaning a significant portion of its resources is directed towards its core mission, which is crucial for impact-focused charities.
However, the organization did not report any material diversion of assets, which could indicate a focus on internal operations rather than maximizing resource use. Overall, while the organization scores well in several areas, potential donors may want to consider its operational strategies alongside the financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Composite Recycling Technology Center legitimate?
Composite Recycling Technology Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Composite Recycling Technology Center 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: $113,335
Professional Fundraising Fees: $0
Other Salaries and Wages: $798,636
For more financial information, click here
What is the mission statement of Composite Recycling Technology Center?
The Composite Recycling Technology Center's mission is geared towards recycling and re-purposing carbon fiber scrap materials. This initiative aims to minimize landfill waste and create employment opportunities. With the support of the Clean Energy Fund 4, the center has been investing in capital equipment for the re-purposing and manufacturing of carbon composite scrap, making substantial progress in 2022. The project, funded by the grant, is expected to be completed by December 31, 2023.
Who is the CEO of Composite Recycling Technology Center?
Dave Walter is the Chief Executive Officer of Composite Recycling Technology Center. The CEO's salary of Composite Recycling Technology Center is $101,600 and their total compensation is $101,600.
What is the revenue of Composite Recycling Technology Center?
Composite Recycling Technology Center's revenue in 2022 was $2,412,191.
Who are the executives of Composite Recycling Technology Center and what are their salaries?
The average compensation at Composite Recycling Technology Center during 2022 was $30,399. There are 30 employees at Composite Recycling Technology Center.
Here are 9 key members and their salaries (Composite Recycling Technology Center's CEO's salary is $101,600 and their total compensation is $101,600):
- Compensation: $101,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Composite Recycling Technology Center?
Composite Recycling Technology Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Composite Recycling Technology Center
The Composite Recycling Technology Center, a pioneering entity, is dedicated to the recycling and repurposing of carbon fiber scrap materials. This mission aims to mitigate landfill waste and create employment opportunities. By utilizing grant funds from CEF4, the organization has made considerable progress in 2022, with plans to complete its projects by December 31, 2023. The Composite Recycling Technology Center's efforts are geared towards transforming discarded carbon composite scrap into reusable materials, thereby contributing to a more sustainable future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
The Composite Recycling Technology Center has made a significant impact by recycling and re-purposing carbon fiber scrap material. Through the utilization of Clean Energy Fund 4 grant monies, the Center has invested in capital equipment to support the manufacturing and re-purposing of carbon composite scrap. This initiative not only helps in reducing landfill waste but also provides employment opportunities. With substantial progress made in 2022, the Center's efforts are instrumental in contributing positively to the environment and creating a sustainable future.
This information is meant to be a general summary of Composite Recycling Technology Center. 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.
- Investment Income: $2,217
- Gross Receipts: $2,856,391
Assets and Liabilities:
- Total Assets: $3,654,591
- Total Liabilities: $2,111,705
- Net Assets: $1,542,886
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(360) 819-1204Principal Officer
Dave Walter
Main Address
2220 W 18th Street, Port Angeles, WA, 98363
NTEE Category
Code: C27 - Environment
If you are a representative of Composite Recycling Technology Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.