Drive innovation to leverage the potential of undervalued materials and waste streams to create durable, environmentally conscious products that foster economic development.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$150K 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

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $312K a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $98K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
-3% vs prior year
Spent
$4.4M
To programs
100%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$4.5M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$2.4M
FY2023$4.3M
FY2024$4.6M
FY2025$4.5M
Expenses
$4.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$2.0M
FY2023$3.3M
FY2024$4.2M
FY2025$4.4M
Net assets
$2.9M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.5M
FY2023$2.5M
FY2024$2.9M
FY2025$2.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2017.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $4.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$150,315Pt VII · Sec A
$0Pt VII · Sec A
Sectretary
$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

Dave Walter’s $150K as Chief Executive Officer is at the 64th percentile of top reported officer pay among 1851 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dave Walter$150,315$167,760$127,862$101,600$82,267—
David L Walter—————$84,430

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 Composite Recycling Technology Center 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

Transforms waste into eco-friendly products, boosting economies.

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Provided by the organization

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3 programs · $2.6M · in their own filed words · FY2025
01

Cerl

Construction Engineering Research Lab - Department of Defense contract for production of mass timber military housing

$2.2Mprogram expense
02

Cef5

Clean Energy Fund 5- Increasing community resilience through sustainable practices in natural resource utilization to save energy and reduce cost of net zero/passive house manufacturing.

$275Kprogram expense
03

Industrial Symbiosis

Research & development to use scrap wood fiber, plastic, and other waste streams as potential foundation or building block

$150Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$98K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Gifts and grantsLn 1h$2.9M
Other incomeLn 4–11$1.5M
Investment incomeLn 3$5K
Money outPt IX
$4.4M
Ln 25
Programscol B$4.4M
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$5.6M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.6M
Noncash giftsLn 1g$166K
Fundraising eventsLn 1c$0
Investment incomeLn 3$5K
Other incomeLn 4–11$1.5M
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$42K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$27K
Total assetsLn 16$5.6M
LiabilitiesLn 26$2.7M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 550
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$358K$42K
Land, buildings, equipmentLn 10c$2.6M$2.9M
Total assetsLn 16$5.1M$5.6M
LiabilitiesLn 26$2.2M$2.7M
Net assetsLn 32$2.9M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$173K$173K
Other salaries and wagesLn 7$2.1M$2.1M
Pension plan contributionsLn 8$84K$84K
Other employee benefitsLn 9$147K$147K
Payroll taxesLn 10$212K$212K
Legal feesLn 11b$31K$31K
Other fees for servicesLn 11g$331K$331K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$15K$15K
Information technologyLn 14$28K$28K
OccupancyLn 16$345K$345K
TravelLn 17$40K$40K
Conferences, conventions and meetingsLn 19$450$450
InterestLn 20$54K$54K
Depreciation, depletion and amortizationLn 22$365K$365K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$368K$368K$0$0
All other expensesLn 24e$114K$114K
Total functional expensesLn 25$4.4M$4.4M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.5M$4.4M$33K$2.9M 990 PDF
FY2024 $4.6M$4.2M$386K$2.9M 990 PDF
FY2023 $4.3M$3.3M$1.0M$2.5M 990 PDF
FY2022 $2.4M$2.0M$399K$1.5M 990 PDF
FY2021 $1.4M$1.4M−$39K$1.1M 990 PDF
FY2020 $1.3M$1.2M$93K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,469,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,910,990$2,923,334
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,647$4,588
I-11 Other revenuePrior year $1,694,927$1,541,888
I-12 Total revenuePrior year $4,611,564$4,469,810
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 $2,408,842$2,713,022
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,816,779$1,723,533
I-18 Total expensesPrior year $4,225,621$4,436,555
I-19 Revenue less expensesPrior year $385,943$33,255
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,469,810 across 12 lines filed
Lines not itemized here account for $1,519,048 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$2,585,000
VIII-1f All other contributions, gifts and grants$338,334
VIII-1g Noncash contributions (included above)$165,894
VIII-1h Total contributions, gifts and grants$2,923,334
VIII-3 Investment incomeRelated to mission $4,588 · Unrelated business $0 · Excluded from tax $0$4,588
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $22,840 · Unrelated business $0 · Excluded from tax $0$22,840
VIII-12 Total revenueRelated to mission $1,546,476 · Unrelated business $0 · Excluded from tax $0$4,469,810
Part IX · Statement of functional expenses $4,436,555 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $172,801$172,801
IX-7 Other salaries and wagesPrograms $2,096,959$2,096,959
IX-8 Pension plan contributionsPrograms $83,714$83,714
IX-9 Other employee benefitsPrograms $147,060$147,060
IX-10 Payroll taxesPrograms $212,488$212,488
IX-11b Legal feesPrograms $30,572$30,572
IX-11g Other fees for servicesPrograms $331,253$331,253
IX-12 Advertising and promotionPrograms $23,520$23,520
IX-13 Office expensesPrograms $15,140$15,140
IX-14 Information technologyPrograms $28,480$28,480
IX-16 OccupancyPrograms $345,036$345,036
IX-17 TravelPrograms $39,973$39,973
IX-19 Conferences, conventions and meetingsPrograms $450$450
IX-20 InterestPrograms $53,752$53,752
IX-22 Depreciation, depletion and amortizationPrograms $365,281$365,281
IX-23 InsurancePrograms $8,170$8,170
IX-24 Other expenses (24a–d)Programs $368,048 · Management $0 · Fundraising $0$368,048
IX-24e All other expensesPrograms $113,858$113,858
IX-25 Total functional expensesPrograms $4,436,555 · Management $0 · Fundraising $0$4,436,555
Part X · Balance sheet $5,568,966 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $123,636$17,273
X-2 Savings and temporary cash investmentsStart of year $234,622$25,185
X-3 Pledges and grants receivableStart of year $132,572$0
X-4 Accounts receivableStart of year $195,954$124,188
X-8 Inventories for sale or useStart of year $1,785,790$2,484,355
X-9 Prepaid expenses and deferred chargesStart of year $0$320
X-10c Land, buildings and equipment, netStart of year $2,577,425$2,890,458
X-15 Other assetsStart of year $10,254$27,187
X-16 Total assetsStart of year $5,060,253$5,568,966
X-17 Accounts payable and accrued expensesStart of year $133,248$269,157
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $115,694$389,943
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $92,428$172,578
X-26 Total liabilitiesStart of year $2,207,591$2,683,048
X-27 Net assets without donor restrictionsStart of year $2,852,662$2,885,918
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,852,662$2,885,918
X-33 Total liabilities and net assetsStart of year $5,060,253$5,568,966
Part XI · Reconciliation of net assets $2,885,918 net assets at year end
XI-1 Total revenue$4,469,810
XI-2 Total expenses$4,436,555
XI-3 Revenue less expenses$33,255
XI-4 Net assets at start of year$2,852,662
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,885,918

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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