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Nonprofiteer
← MADISON ENVIRONMENTAL RESOURCING INC

Form 990 for tax year 2022

Filed by MADISON ENVIRONMENTAL RESOURCING INC.

Totals

Total revenue
$2,576,768
Total expenses
$2,204,530
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,492,746
Investment income
$2,378
Other revenue
$81,644
Total assets, end of year
$4,798,344
Total liabilities, end of year
$1,303,873
Net assets or fund balances, end of year
$3,494,471
Program services expenses (Part IX)
$1,695,314
Management and general expenses
$509,216
Fundraising expenses
$0
Program service expenses (Part III)
$1,695,314

Program services were 76.9% 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: WASTE DISPOSAL FEES

    total $2,045,281 · related or exempt $2,045,281

  • 2b · Program service revenue: OTHER PROGRAM SERVICES

    total $447,465 · related or exempt $447,465

  • 3 · Investment income

    total $2,378 · excluded $2,378

  • 6a · Gross rents

    real property $124,819

  • 6b · Less rental expenses

    real property $87,021

  • 6c · Rental income or loss

    real property $37,798

  • 6d · Net rental income or loss

    total $37,798 · unrelated business $25,525 · excluded $12,273

  • 11a · Other revenue: MISC. INCOME

    total $26,564 · excluded $26,564

  • 11b · Other revenue: INSURANCE PROCEEDS

    total $17,282 · excluded $17,282

  • 11e · Other revenue, total

    $43,846

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $243,480 · program services $96,480 · management and general $147,000

  • 7 · Other salaries and wages

    total $609,965 · program services $431,578 · management and general $178,387

  • 8 · Pension plan contributions

    total $13,629 · management and general $13,629

  • 10 · Payroll taxes

    total $50,650 · program services $40,000 · management and general $10,650

  • 11b · Fees: legal

    total $15,931 · management and general $15,931

  • 11c · Fees: accounting

    total $48,133 · management and general $48,133

  • 11g · Fees: other

    total $16,401 · management and general $16,401

  • 12 · Advertising and promotion

    total $7,161 · management and general $7,161

  • 13 · Office expenses

    total $131,984 · program services $89,493 · management and general $42,491

  • 14 · Information technology

    total $2,125 · management and general $2,125

  • 16 · Occupancy

    total $57,661 · program services $57,661

  • 17 · Travel

    total $411 · management and general $411

  • 20 · Interest

    total $24,872 · program services $24,872

  • 22 · Depreciation, depletion and amortization

    total $158,267 · program services $158,267

  • 23 · Insurance

    total $88,132 · program services $84,672 · management and general $3,460

  • 24a · Other expenses: WASTE REMOVAL

    total $652,859 · program services $652,859

  • 24b · Other expenses: MAINTENANCE

    total $43,172 · program services $43,172

  • 24c · Other expenses: TAXES AND LICENSES

    total $10,438 · program services $10,438

  • 24e · All other expenses

    total $29,259 · program services $5,822 · management and general $23,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150,481 · end of year $232,713

  • 2 · Savings and temporary cash investments

    beginning of year $1,375,184 · end of year $1,727,562

  • 4 · Accounts receivable

    beginning of year $400,456 · end of year $389,668

  • 8 · Inventories for sale or use

    beginning of year $76,830 · end of year $76,318

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,353 · end of year $27,713

  • 10a · Land, buildings and equipment: cost or other basis

    $5,805,394

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,584,979

  • 10c · Land, buildings and equipment, net

    beginning of year $2,308,101 · end of year $2,220,415

  • 12 · Investments: other securities

    beginning of year $69,714 · end of year $123,955

  • 17 · Accounts payable and accrued expenses

    beginning of year $265,705 · end of year $307,657

  • 19 · Deferred revenue

    beginning of year $39,072 · end of year $2,435

  • 23 · Secured mortgages and notes payable

    beginning of year $1,028,350 · end of year $993,781

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,003,315 · end of year $2,003,315

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,064,677 · end of year $1,491,156

Mission and programs · 2022

Mission

THE MISSION OF MADISON ENVIRONMENTAL RESOURCING, INC. (MERI) IS TO PROVIDE INNOVATIVE ENVIRONMENTALLY SAFE MEDICAL WASTE DISPOSAL SERVICES AT A LOW COST SO OUR CUSTOMERS CAN DEDICATE RESOURCES TO PATIENT CARE.

Activities or mission (Part I)

THE ORGANIZATION IS A FULLY LICENSED AND INSURED MEDICAL WASTE REMOVAL AND DISPOSAL COMPANY SERVICING HOSPITALS, CLINICS AND SKILLED NURSING HOMES.

  • MADISON ENVIRONMENTAL RESOURCING, INC. (MERI) PROVIDES COST-EFFECTIVE AND SAFE METHODS FOR THE DISPOSAL OF MEDICAL INFECTIOUS WASTE FROM MEMBER ORGANIZATIONS THAT OPERATE IN THE HEALTH CARE INDUSTRY. IN ADDITION TO REGULATED MEDICAL WASTE DISPOSAL, MERI PROVIDES DISPOSAL AND DESTRUCTION OF LABORATORY WASTE, RED BAG WASTE, PHARMACEUTICAL WASTE, PATHOLOGICAL AND CHEMOTHERAPY WASTE, AND SHARP AND HAZARDOUS WASTE.

    Expenses $1,695,314 · Revenue $2,492,746

As filed on the 2022 return.

Listed in Part VII

  • RANDY MALMQUIST

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • AMY GRINNELL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MARY STATZ

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PATTI HUTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CRAIG SOMMERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY FERGUSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH OLSON

    GENERAL MANAGER

    Total calculated
    $187,903
    From this org
    $155,645
    From related orgs
    $0
    Other
    $32,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,112
    Bonus
    $0
    Other
    $4,533
    Deferred
    $6,002
    Nontaxable benefits
    $26,256
    Filer's total
    $187,903

  • TRAVIS HELIN

    CONTROLLER

    Total calculated
    $43,577
    From this org
    $43,577
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD APPROVES ALL OFFICER COMPENSATION, ANY BONUSES OR RAISES.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MEDICAL ENVIRONMENTAL RECOVERY INC

    C · MEDICAL WASTE · WI · 100% owned · share of income $1,314,760 · share of assets $426,975 · controlled entity

    Directly controlled by MADISON ENVIRONMENTAL RESOURCING INC

Provenance

Return type
form_990
Tax year
2022
Filed
27 July 2023
IRS schema version
2022v5.0
Source object
202322089349301132

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