Spring Back Recycling
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1 Spring Back Recycling General Information Contact Information nprofit Spring Back Recycling Address P.O. Box Nashville, TN Phone (615) Web Site Web Site Facebook Facebook Twitter Twitter At A Glance Year of Incorporation
2 Mission & Impact Statements Mission Spring Back Recycling provides a sustainable business model to organizations that serve the disenfranchised through job creation and that benefits the environment through waste diversion. Impact - Licensed new Spring Back operations in Tacoma, WA, Charlotte, NC and Salt Lake City, UT- Recycled over 100,000 mattresses and box springs- Provided meaningful employment for 15+ second-chance workers Needs - Financial support for central administration of our national network- Industry connections with potential retail, hospitality, and waste management partners- Licensing partners willing to further our mission in new communities Service Categories Primary Organization Category Environment / Recycling Secondary Organization Category Employment / Vocational Rehabilitation Areas of Service Areas Served TN - Davidson Based in Nashville, TN, Spring Back was created to serve the Middle TN area as a recycling solution for mattresses and box springs, a waste stream that local landfills find difficult to manage. We have now grown to offer that same service across the country in Denver, CO, Tacoma, WA, Charlotte, NC, and Salt Lake City, UT. 2
3 Programs Programs Mattress Recycling Description Spring Back Recycling fully recycles old mattresses by disassembling each unit and selling or distributing its component parts (metal, foam, wood) to scrap buyers, replacing centuries of decomposition in landfills with an immediate use in the economy. In our waste diversion efforts, Spring Back also pursues a social mission of providing employment to disenfranchised men looking to spring back into society. By breaking down mattresses, we're building up lives. Budget Population Served,, 3
4 Governance Board Chair Board Chair Dr. John Gonas Company Affiliation Belmont University Term Apr 2012 to Apr Board Members Name Affiliation Status Alec Dryden JJP Mechanical Reps Voting Dr. John Gonas Belmont University Voting Dr. Cate Loes Belmont University Voting Kurt Schusterman ACH Federal Voting Wade Sims Belmont University College of Law Voting Blake Tidwell Community Volunteer Voting Board Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 6 Hispanic/Latino 0 Native American/American Indian 0 Other 0 Board Demographics - Gender Male 5 Female 1 Unspecified 0 Governance Board Term Lengths 2 Board Term Limits 2 Board Meeting Attendance % 0% Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions 66% Percentage Making In-Kind Contributions 100% 4
5 Constituency Includes Client Representation Number of Full Board Meetings Annually 12 5
6 Management Staff Full Time Staff 1 Part Time Staff 0 Volunteers 6 Contractors 0 Retention Rate 0% Plans & Policies Does the organization have a documented Fundraising Plan? Does the organization have an approved Strategic Plan? In case of a change in leadership, is a Management Succession plan in place? Does the organization have a Policies and Procedures Plan? Does the organization have a ndiscrimination Policy? Yes Does the organization have a Whistle Blower Policy? Does the organization have a Document Destruction Policy? 6
7 Financials Fiscal Year Fiscal Year Start Jan Fiscal Year End Dec Projected Revenue $25, Projected Expenses $15, Endowment Value $0.00 Endowment Spending Percentage (if selected) 0% Detailed Financials Revenue and Expenses Total Revenue Total Expenses Revenue Sources Foundation and Corporation Contributions Government Contributions $0 $0 $0 Federal State Local Unspecified Individual Contributions Indirect Public Support Earned Revenue Investment Income, Net of Losses Membership Dues Special Events Revenue In-Kind Other
8 Expense Allocation Program Expense Administration Expense Fundraising Expense Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses Fundraising Expense/Contributed Revenue Assets and Liabilities Total Assets Current Assets Long-Term Liabilities Current Liabilities Total Net Assets Short Term Solvency Current Ratio: Current Assets/Current Liabilities Long Term Solvency Long-Term Liabilities/Total Assets Top Funding Sources Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? Capital Campaign Goal $0.00 State Charitable Solicitations Permit TN Charitable Solicitations Registration Yes - Expires June 2015 GivingMatters.com Financial Comments This organization filed a 990-N form with the IRS, which does not provide specific financial information. Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less ($25,000 for tax years ending after December 31, 2007 and before December 31, 2010) are required to electronically submit Form 990-N, also known as the e-postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead. Comment provided by Laurel Fisher 8/7/13. Created Copyright 2018 The Community Foundation of Middle Tennessee 8
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