Remainders Creative Reuse Inc
Nonprofit profile at a glance
- EIN
- 471563380
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2018
- Location
- Pasadena, CA, USA
- Phone
- 6265295014
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $1,230,214
- Expenses
- $994,920
- Assets
- $746,723
- Liabilities
- $16,715
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- TOBAN NICHOLS (Vice President)
Highest reported compensation
- ANDREW COX (MEMBER): $68,727 total reported compensation
- TOBAN NICHOLS (Vice President): $60,367 total reported compensation
- ROBIN COX (Executive Dir.): $55,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Remainders creative reuse inc.'s purpose is specifically as a creative reuse center, materials depot and workshop space, which promotes creativity and environmental awareness, reduces waste and keeps useful materials out of landfills. In addition, remainders' educational mission is to provide activities that instruct all ages on the benefit of creative reuse.
What it reported doing in 2024
Thursday sewing skills-students can come to our community space to learn new sewing skills and use repurposed materials. Students go beyond the basics to make something new each session (held weekly) such as clothing, bags, linens, etc. In addition beginning skills, they learn intermediate skills like putting in zippers, pockets, lining, and basic fittings.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 99% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 27
- Transparency & Controls: 92
- Accountability: 8
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34.5%; rating input score 35
- Program expense ratio: 23.4%; rating input score 23
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 14.3%; rating input score 14; 9th percentile among comparable filings
- Governance controls: 0 of 9 controls in place; rating input score 0
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 19.1%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 0.75; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 25%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 88.9% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 46.2% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 53.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 34.5% of revenue deployed · 23.4% of spending went to programs
- Governance: 1 of 7 board members independent · 0 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $233K in reported program spending
- Leadership: top reported pay $69K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 35/100.
- High — Financial Efficiency: Program expense ratio scored 23/100.
- High — Accountability: Independent voting board scored 14/100.
- High — Accountability: Governance controls: 8 of 8 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.