Earthworm INC FY2022 filing

Tax-deductible

Somerville, MA501(c)(3)EnvironmentEIN 23-7435490

Earthworms mission is to promote recycling in the workplace. We accomplish this by providing a collection service that is easy for first time recyclers to implement. Also, by reducing barriers to recycling through friendly assistance, flexible programs and affordability, earthworm enables small businesses and others who are underserved by the private sector to establish office recycling programs. Earthworm also recognizes that there are many other local groups who are working toward similar goals of conserving natural resources. Earthworm further promotes recycling through collaboration, mentoring and direct support to these groups.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $7K a year · 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$190K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$466K
+6% vs prior year
Spent
$508K
To programs
78%
Net assets
$284K
By yearFY2020–FY2024
Revenue
$466K
FY2022▲ +6%
Revenue by fiscal year
FY2020$465K
FY2021$439K
FY2022$466K
FY2023$629K
FY2024$565K
Expenses
$508K
FY2022▲ +6%
Expenses by fiscal year
FY2020$483K
FY2021$478K
FY2022$508K
FY2023$521K
FY2024$610K
Net assets
$284K
FY2022▼ -15%
Net assets by fiscal year
FY2020$369K
FY2021$336K
FY2022$284K
FY2023$404K
FY2024$367K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1975.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $395K Management & general 16% · $83K Fundraising 6% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$62,263Pt VII · Sec A
$85Pt VII · Sec A
$0Pt 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 1989 $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.

See Earthworm INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps workplaces recycle easily and affordably, supporting underserved businesses and other groups.

Provided by the organization

This section is blank until Earthworm INC claims this page.

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1 program service account for $395K of program spending, described in the organization's own filed words · FY2022.
01

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.

$395Kprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$466K
Ln 12
Fees for servicesLn 2g$461K
Investment incomeLn 3$5K
Gifts and grantsLn 1h$1
Money outPt IX
$508K
Ln 25
Programscol B$395K
Managementcol C$83K
Fundraisingcol D$30K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$474K
LiabilitiesLn 26$190K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1
Fees for servicesLn 2g$461K
Investment incomeLn 3$5K
Total revenueLn 12$466K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
InvestmentsLn 11–13$215K
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$150K
Total assetsLn 16$474K
LiabilitiesLn 26$190K
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 57
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$40K$39K
InvestmentsLn 11–13$240K$215K
Land, buildings, equipmentLn 10c$10K$6K
Total assetsLn 16$388K$474K
LiabilitiesLn 26$51K$190K
Net assetsLn 32$336K$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$45K$14K$3K
Other salaries and wagesLn 7$180K$154K$14K$13K
Other employee benefitsLn 9$32K$26K$3K$2K
Payroll taxesLn 10$22K$18K$2K$2K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$16K$855$15K
Advertising and promotionLn 12$785$785
Office expensesLn 13$2K$2K$158$100
Information technologyLn 14$5K$4K$508$323
OccupancyLn 16$97K$80K$11K$7K
Conferences, conventions and meetingsLn 19$532$532
InterestLn 20$131$131
Depreciation, depletion and amortizationLn 22$4K$3K$424$270
InsuranceLn 23$44K$36K$5K$3K
Other expenses (24a–d)Ln 24$34K$26K$8K
All other expensesLn 24e$556$100$456
Total functional expensesLn 25$508K$395K$83K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $565K$610K−$45K$367K 990 PDF
FY2023 $629K$521K$108K$404K 990 PDF
FY2022 Viewing $466K$508K−$43K$284K 990 PDF
FY2021 $439K$478K−$38K$336K 990 PDF
FY2020 $465K$483K−$17K$369K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $465,563 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1
VIII-1h Total contributions, gifts and grants$1
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460,783$460,783
VIII-3 Investment incomeExcluded from tax $4,779$4,779
VIII-12 Total revenueRelated to mission $460,783 · Excluded from tax $4,779$465,563
Part IX · Statement of functional expenses $508,120 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,829 · Management $14,320 · Fundraising $3,114$62,263
IX-7 Other salaries and wagesPrograms $153,973 · Management $13,521 · Fundraising $12,524$180,018
IX-9 Other employee benefitsPrograms $25,854 · Management $3,468 · Fundraising $2,207$31,529
IX-10 Payroll taxesPrograms $17,878 · Management $2,398 · Fundraising $1,526$21,802
IX-11c Accounting feesManagement $9,500$9,500
IX-11g Other fees for servicesPrograms $855 · Management $15,067$15,922
IX-12 Advertising and promotionPrograms $785$785
IX-13 Office expensesPrograms $1,616 · Management $158 · Fundraising $100$1,874
IX-14 Information technologyPrograms $3,787 · Management $508 · Fundraising $323$4,618
IX-16 OccupancyPrograms $79,808 · Management $10,706 · Fundraising $6,813$97,327
IX-19 Conferences, conventions and meetingsPrograms $532$532
IX-20 InterestManagement $131$131
IX-22 Depreciation, depletion and amortizationPrograms $3,161 · Management $424 · Fundraising $270$3,855
IX-23 InsurancePrograms $35,969 · Management $4,825 · Fundraising $3,071$43,865
IX-24 Other expenses (24a–d)Programs $25,994 · Management $7,549$33,543
IX-24e All other expensesPrograms $100 · Management $456$556
IX-25 Total functional expensesPrograms $395,141 · Management $83,031 · Fundraising $29,948$508,120
Part X · Balance sheet $474,470 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $39,606$39,408
X-4 Accounts receivableStart of year $63,933$43,828
X-8 Inventories for sale or useStart of year $5,608$6,209
X-9 Prepaid expenses and deferred chargesStart of year $16,805$14,635
X-10c Land, buildings and equipment, netStart of year $9,937$6,082
X-11 Publicly traded securitiesStart of year $239,734$214,538
X-15 Other assetsStart of year $12,000$149,770
X-16 Total assetsStart of year $387,623$474,470
X-17 Accounts payable and accrued expensesStart of year $25,744$21,331
X-25 Other liabilitiesStart of year $25,568$168,793
X-26 Total liabilitiesStart of year $51,312$190,124
X-27 Net assets without donor restrictionsStart of year $336,311$284,346
X-32 Total net assets or fund balancesStart of year $336,311$284,346
X-33 Total liabilities and net assetsStart of year $387,623$474,470
Part XI · Reconciliation of net assets $284,346 net assets at year end
XI-1 Total revenue$465,563
XI-2 Total expenses$508,120
XI-3 Revenue less expenses−$42,557
XI-4 Net assets at start of year$336,311
XI-5 Net unrealized gains (losses) on investments−$9,408
XI-10 Net assets at end of year$284,346

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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