Form 990 for tax year 2022
Filed by TRI-CITY ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $13,718,847
- Total expenses
- $14,325,188
- Contributions and grants received
- $0
- Grants paid
- $8,487
- Program service revenue
- $11,643,861
- Investment income
- $3,610
- Other revenue
- $2,071,376
- Total assets, end of year
- $6,152,468
- Total liabilities, end of year
- $3,071,024
- Net assets or fund balances, end of year
- $3,081,444
- Program services expenses (Part IX)
- $14,040,038
- Management and general expenses
- $285,150
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $14,040,038
Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RECYCLING INCOME
total $11,643,861 · related or exempt $11,643,861
-
3 · Investment income
total $3,610 · excluded $3,610
-
10a · Gross sales of inventory
$6,504,958
-
10b · Cost of goods sold
$4,472,423
-
10c · Net income from sales of inventory
total $2,032,535 · related or exempt $2,032,535
-
11a · Other revenue: INSURANCE SETTLEMENT
total $34,423 · excluded $34,423
-
11b · Other revenue: REIMBURSEMENT
total $4,418 · excluded $4,418
-
11e · Other revenue, total
$38,841
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $8,487 · program services $8,487
-
5 · Compensation of officers, directors and key employees
total $283,127 · program services $278,271 · management and general $4,856
-
7 · Other salaries and wages
total $5,436,706 · program services $5,343,471 · management and general $93,235
-
8 · Pension plan contributions
total $728,675 · program services $716,179 · management and general $12,496
-
9 · Other employee benefits
total $1,124,268 · program services $1,104,988 · management and general $19,280
-
10 · Payroll taxes
total $438,597 · program services $431,075 · management and general $7,522
-
11b · Fees: legal
total $6,887 · management and general $6,887
-
11c · Fees: accounting
total $89,361 · management and general $89,361
-
11g · Fees: other
total $74,209 · program services $74,209
-
13 · Office expenses
total $288,573 · program services $249,712 · management and general $38,861
-
16 · Occupancy
total $793,155 · program services $790,840 · management and general $2,315
-
20 · Interest
total $95,213 · program services $95,213
-
22 · Depreciation, depletion and amortization
total $721,903 · program services $720,549 · management and general $1,354
-
23 · Insurance
total $818,787 · program services $816,927 · management and general $1,860
-
24a · Other expenses: WASTE DISPOSAL FEES
total $1,420,934 · program services $1,420,934
-
24b · Other expenses: TRUCK PARTS
total $896,924 · program services $896,924
-
24c · Other expenses: FRANCHISE FEE
total $629,995 · program services $629,995
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $276,460 · program services $272,799 · management and general $3,661
-
24e · All other expenses
total $192,927 · program services $189,465 · management and general $3,462
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $566,935 · end of year $450,321
-
2 · Savings and temporary cash investments
beginning of year $473,242 · end of year $476,649
-
4 · Accounts receivable
beginning of year $882,803 · end of year $621,668
-
7 · Other notes and loans receivable
beginning of year $33,083 · end of year $38,440
-
8 · Inventories for sale or use
beginning of year $284,060 · end of year $114,154
-
9 · Prepaid expenses and deferred charges
beginning of year $127,797 · end of year $89,846
-
10a · Land, buildings and equipment: cost or other basis
$24,605,516
-
10b · Land, buildings and equipment: accumulated depreciation
$20,250,626
-
10c · Land, buildings and equipment, net
beginning of year $4,742,519 · end of year $4,354,890
-
14 · Intangible assets
beginning of year $4,480
-
15 · Other assets
beginning of year $6,500 · end of year $6,500
-
17 · Accounts payable and accrued expenses
beginning of year $719,570 · end of year $647,232
-
19 · Deferred revenue
end of year $243,259
-
23 · Secured mortgages and notes payable
beginning of year $2,714,064 · end of year $2,180,533
-
27 · Net assets without donor restrictions
beginning of year $3,598,651 · end of year $2,992,310
-
28 · Net assets with donor restrictions
beginning of year $89,134 · end of year $89,134
Mission and programs · 2022
Mission
TO REDUCE THE WASTE STREAM BY PROVIDING EMPLOYMENT AND JOB TRAINING TO DISADVANTAGED YOUTH AND ADULTS AND SHARING RESIDUAL PROCEEDS WITH THE COMMUNITY.
Activities or mission (Part I)
THE ORGANIZATION'S PRIMARY PURPOSE INCLUDES THE RECYCLING OF RECYCLABLE MATERIALS, TRAINING AND EMPLOYMENT OF NEEDY PEOPLE, AND OTHER SUCH ACTS WHICH ARE PROPER UNDER THE NON-PROFIT PUBLIC BENEFIT CORPORATION LAW.
-
DURING 2022, THE ORGANIZATION CONTINUED TO PROVIDE INDIVIDUALS WITH THE ASSETS AND SKILLS NECESSARY TO BE POSITIVE AND PRODUCTIVE EMPLOYEES AND MEMBERS OF THE COMMUNITY. ALSO, THE ORGANIZATION PROVIDED CURBSIDE RECYCLING, ORGANICS COLLECTION, AND RECYCLING PROCESSING. IN ADDITION, IT OPERATED ITS OWN BUY BACK RECYCLING CENTER.
Expenses $14,040,038 · Grants $8,487 · Revenue $13,676,396
As filed on the 2022 return.
Listed in Part VII
-
Carlos FajardoCARLOS FAJARDO
DRIVER
- Total calculated
- $208,618
- From this org
- $154,948
- From related orgs
- $0
- Other
- $53,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,948
- Bonus
- $0
- Other
- $0
- Deferred
- $28,194
- Nontaxable benefits
- $25,476
- Filer's total
- $208,618
-
Humberto TrejoHUMBERTO TREJO
DRIVER
- Total calculated
- $202,704
- From this org
- $149,034
- From related orgs
- $0
- Other
- $53,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,034
- Bonus
- $0
- Other
- $0
- Deferred
- $28,194
- Nontaxable benefits
- $25,476
- Filer's total
- $202,704
-
Octavio BennetteOCTAVIO BENNETTE
DRIVER
- Total calculated
- $200,008
- From this org
- $146,338
- From related orgs
- $0
- Other
- $53,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,338
- Bonus
- $0
- Other
- $0
- Deferred
- $28,194
- Nontaxable benefits
- $25,476
- Filer's total
- $200,008
-
Juan Diego SuarezJUAN DIEGO SUAREZ
DRIVER
- Total calculated
- $195,319
- From this org
- $141,649
- From related orgs
- $0
- Other
- $53,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,649
- Bonus
- $0
- Other
- $0
- Deferred
- $28,194
- Nontaxable benefits
- $25,476
- Filer's total
- $195,319
-
Melesio SanchezMELESIO SANCHEZ
LEAD MECHANIC
- Total calculated
- $176,647
- From this org
- $139,523
- From related orgs
- $0
- Other
- $37,124
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,523
- Bonus
- $0
- Other
- $0
- Deferred
- $11,648
- Nontaxable benefits
- $25,476
- Filer's total
- $176,647
-
Richard ValleRICHARD VALLE
PRESIDENT/CEO
- Total calculated
- $145,059
- From this org
- $100,000
- From related orgs
- $0
- Other
- $45,059
- Hours/week
- 45
-
Mangee AustriaMANGEE AUSTRIA
OPERATIONS DIRECTOR
- Total calculated
- $138,068
- From this org
- $99,000
- From related orgs
- $0
- Other
- $39,068
- Hours/week
- 45
-
Frank RoeschFRANK ROESCH
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Julie ZhuJULIE ZHU
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Obray Van BurenOBRAY VAN BUREN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lorrene RitchieLORRENE RITCHIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim NelsonJIM NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342859349301549
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