Earthworm INC EIN 23-7435490 Form 990 (PDF) Claim this org

Earthworm INC FY2020 filing

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Helps workplaces recycle easily and affordably, supporting underserved businesses and other groups. For fiscal year 2020 it reported $465K in revenue, $483K in expenses, and $369K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Somerville, MA
Website
earthwormrecycling.org
Filings
5 on file (2020–2020)
Revenue
$465KFY2020
Expenses
$483K
Net assets
$369K
People
28
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7435490 Public charity (501(c)(3)) Somerville, MA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Helps workplaces recycle easily and affordably, supporting underserved businesses and other groups.
Leadership
Jeffrey Coyne · President · $60K
Money in and out
$465K revenue, $483K expenses
Bottom line
6.6mo operating runway
Where the money goes · FY2020
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$369K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.18
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year
Donor-funded
19%
of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$465K
FY2020
Expenses
$483K
FY2020
Total assets
$403K
FY2020
Total liabilities
$34K
FY2020
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$483K
Pt IX · Ln 25
Net assets
$369K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$403K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $815K of program spending, described in the organization's own filed words · FY2020.
01

The two programs and the achievements for those programs during 2017 are as follows: demonstration office recycling program through innovative and affordable recycling programs, the organization provides an important service to first time recyclers, small businesses and others who are underserved by the private sections.

$421Kprogram expense
02

The two programs and the achievements for those programs are as follows: demonstration office recycling program through innovative and affordable recycling programs, the organization provides an important service to first time recyclers, small businesses and others who are underserved by the private sections.

$394Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEarthworm INC
EINHdr · item D23-7435490
Principal addressHdr · item CSomerville, MA
WebsiteHdr · item Jearthwormrecycling.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C270)
Ruling yearIRS BMFMar 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$59,776Pt VII · Sec A
President
$59,776Pt VII · Sec A
$7,689Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeffrey Coyne’s $68K as Former Presi is at the 49th percentile of top reported officer pay among 1981 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeffrey Coyne$67,896$73,215$62,263$44,474$59,776
Laura Olivier$61,280$40,776
Georganna Woods$200$85$3,771$7,689

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$316K · 68%
Contributions & grants$89K · 19%
Other revenue$57K · 12%
Investment income$4K · 1%
Program service revenue68%$316K
Contributions & grants19%$89K
Other revenue12%$57K
Investment income1%$4K
— government grantsLn 1e$77K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.18
Program services87%$421K
Management & general18%$89K
Total functional expensesLn 25$483K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$403K
Total liabilitiesLn 26$34K
Total net assetsLn 32$369K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $267K · Operating expenses/yr $483K
6.6 months
Where the money goes
Program services
Program services $421K · Total expenses $443K
not reported
Management & General
Management & general $22K · Total expenses $443K
not reported
Fundraising
Fundraising $0 · Total expenses $443K
not reported
Cost to raise $1
Fundraising expense $0 · Solicited contributions $13K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $89K · Total revenue $465K
19%
Government reliance
Government grants $77K · Total revenue $465K
17%
Earned-income share
Program service revenue $316K · Total revenue $465K
68%
Investment reliance
Investment income $4K · Total revenue $465K
+0.8%
Program self-sufficiency
Program service revenue $316K · Total expenses $483K
65%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $369K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $483K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $403K
Net-asset ratio
Net assets $369K · Total assets $403K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $233K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $403K
58%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Coyne · Reported title PRESIDENT · Highest reported compensation $60K · Total expenses $483K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $286K · Total expenses $483K
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 18%
Fundraising cost ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$565K revenue · ⤓ 990 PDF
FY2023$629K revenue · ⤓ 990 PDF
FY2022$466K revenue · ⤓ 990 PDF
FY2021$439K revenue · ⤓ 990 PDF
FY2020$465K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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