Foundation for Plastic Recycling FY2020 filing

Washington, DCUnknown exempt organizationEIN 47-1965701Revenue $225K in FY2020

On file with the IRSplasticsrecycling.org2050 M Street Nw · Washington, DC

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To drive sustainable solutions for plastics packaging in order to support the circular economy.

83¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 56% of spending
Concern: pay to officers and key staff is 56% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
Spent
$107K
To programs
83%
Net assets
$120K
By yearFY2020–FY2021
Revenue
$225K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$225K
FY2021$58
Net assets
$120K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$120K
FY2021$56K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $89K Management & general 14% · $15K Fundraising 3% · $3K

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

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Who runs it and what they're paid

13 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$60,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Lisa Lopinsky$35,000$60,000

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 Foundation for Plastic Recycling 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

Drives sustainable solutions for plastic packaging to support a circular economy.

Questions for Foundation for Plastic Recycling

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Provided by the organization

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1 program · $89K · in their own filed words · FY2020
01

Buy Recycled

Program focused on consumer education to encourage purchasing items made with recycled plastic materials.

$89Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$225K
Investment incomeLn 3$13
Money outPt IX
$107K
Ln 25
Programscol B$89K
Managementcol C$15K
Fundraisingcol D$3K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$125K
LiabilitiesLn 26$5K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Investment incomeLn 3$13
Total revenueLn 12$225K
Assets in detailPt X, end of year
SavingsLn 2$125K
Cash and savings togetherLn 1–2$125K
Total assetsLn 16$125K
LiabilitiesLn 26$5K
Net assetsLn 32$120K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$125K
Total assetsLn 16$0$125K
LiabilitiesLn 26$0$5K
Net assetsLn 32$0$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$45K$12K$3K
Legal feesLn 11b$106$106
Accounting feesLn 11c$807$807
Other fees for servicesLn 11g$43K$43K
Office expensesLn 13$555$555
TravelLn 17$513$513
InsuranceLn 23$2K$2K
Total functional expensesLn 25$107K$89K$15K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $58$56K 990 PDF
FY2020 Viewing $225K$107K$118K$120K 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 FY2020 990 (6 parts)
Part I · Summary $224,588 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$224,575
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$13
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$224,588
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$60,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$47,006
I-18 Total expensesPrior year $0$107,006
I-19 Revenue less expensesPrior year $0$117,582
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $224,588 across 4 lines filed
VIII-1f All other contributions, gifts and grants$224,575
VIII-1h Total contributions, gifts and grants$224,575
VIII-3 Investment incomeExcluded from tax $13$13
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $13$224,588
Part IX · Statement of functional expenses $107,006 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $45,000 · Management $12,000 · Fundraising $3,000$60,000
IX-11b Legal feesManagement $106$106
IX-11c Accounting feesManagement $807$807
IX-11g Other fees for servicesPrograms $43,460$43,460
IX-13 Office expensesManagement $555$555
IX-17 TravelPrograms $513$513
IX-23 InsuranceManagement $1,565$1,565
IX-25 Total functional expensesPrograms $88,973 · Management $15,033 · Fundraising $3,000$107,006
Part X · Balance sheet $124,772 assets, 7 lines filed
X-2 Savings and temporary cash investments$124,772
X-16 Total assetsStart of year $0$124,772
X-17 Accounts payable and accrued expenses$5,000
X-26 Total liabilitiesStart of year $0$5,000
X-27 Net assets without donor restrictions$119,772
X-32 Total net assets or fund balancesStart of year $0$119,772
X-33 Total liabilities and net assetsStart of year $0$124,772
Part XI · Reconciliation of net assets $119,772 net assets at year end
XI-1 Total revenue$224,588
XI-2 Total expenses$107,006
XI-3 Revenue less expenses$117,582
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$2,190
XI-10 Net assets at end of year$119,772

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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