Recycle Depot
Legal name: Circular CRV Association
Nonprofit profile at a glance
- EIN
- 993606002
- IRS 990 coverage
- 2024–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Burbank, CA, United States
- Phone
- (855) CRV-CASH (855) 278-2274
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Recycling Programs
Reported finances
- Revenue
- $639
- Expenses
- $279,918
- Assets
- $75,243
- Liabilities
- $354,522
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Matthew Dodson (CEO & Director)
Highest reported compensation
- Brian Phillips (Executive Direc): $86,615 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Building a Smarter, Stronger Redemption System for California—encouraging innovative and more accessible CRV redemption options across California, especially in underserved communities. Recycle Depot, powered by Circular CRV Association (C-CRV), is a nonprofit Dealer Cooperative founded in 2024 with the support of small independent grocers, large retail chain grocers, and the California Grocers Association. Recycle Depot was formed in direct response to SB 1013, which eliminated the in-lieu fee for beverage retailers and encourages the establishment of innovative and more accessible CRV redemption options across California -- especially in underserved communities. Recycle Depot brings together retailers, recyclers, and consumers to create a modern, convenient, and compliant statewide CRV redemption network. Through collaborative partnerships and strategic planning, we are r.
What it reported doing in 2024
By Championing innovative recycling solutions through innovative methods and technologies, we enhance the recycling industry's ability to attract and retain leaders who are equipped to tackle California's unique recycling challenges. This forward-thinking approach not only broadens access to recycling but also fosters a dynamic environment where cutting-edge solutions and visionary leadership can thrive.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 0
- Sustainability: 5
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 54.2%; rating input score 54
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 0 of 7 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -43,705.6%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 4.71; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 30.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 54.2% of spending went to programs
- Governance: 0 of 4 board members independent · 0 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $152K in reported program spending
- Leadership: top reported pay $87K · 4 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 6 of 6 not reported.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 10/100.