Civic Intelligence

Terracycle Global Foundation Inc

EIN 83-1677129 • 501(c)3 • Trenton, NJ

Profile

The foundation engages with local communities in emerging regions to offer collection and recycling platforms for waste, with a special emphasis on preventing plastic pollution from entering our aquatic systems.

121 New York AveTrenton, NJ 08638

www.terracyclefoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.01x

Higher debt load relative to revenue than 35% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Net Margin

87th percentile

49%

Higher net margin than 87% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2024

Asset Growth

89th percentile

55%

Faster asset growth than 89% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

36%

Faster revenue growth than 78% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$933,622

Up $331,655 (+55%) from 2023

Liabilities

Up

$6,105

Up $5,753 (+1634%) from 2023

Net Assets

Up

$927,517

Up $325,902 (+54%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin87th percentile

Revenue

Up

$664,686

Up $175,138 (+36%) from 2023

Expenses

Up

$338,784

Up $85,922 (+34%) from 2023

Net Income

Up

$325,902

Up $89,216 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2019: $437,480Liabilities 2019: $18,819Net Assets 2019: $418,6612019Assets 2020: $561,538Liabilities 2020: $51,310Net Assets 2020: $510,2282020Assets 2021: $342,704Liabilities 2021: $420Net Assets 2021: $342,2842021Assets 2022: $381,777Liabilities 2022: $4,000Net Assets 2022: $377,7772022Assets 2023: $601,967Liabilities 2023: $352Net Assets 2023: $601,6152023Assets 2024: $933,622Liabilities 2024: $6,105Net Assets 2024: $927,5172024

Highlighted filing

2024

Assets$933,622
Liabilities$6,105
Net Assets$927,517
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2019: $450,000Expenses 2019: $255,710Net Income 2019: $194,2902019Revenue 2020: $576,115Expenses 2020: $484,548Net Income 2020: $91,5672020Revenue 2021: $218,260Expenses 2021: $386,204Net Income 2021: -$167,9442021Revenue 2022: $405,816Expenses 2022: $370,323Net Income 2022: $35,4932022Revenue 2023: $489,548Expenses 2023: $252,862Net Income 2023: $236,6862023Revenue 2024: $664,686Expenses 2024: $338,784Net Income 2024: $325,9022024

Highlighted filing

2024

Revenue$664,686
Expenses$338,784
Net Income$325,902
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$933,622
Liabilities
$6,105
Net assets
$927,517
Revenue
$664,686
Expenses
$338,784
Net income
$325,902
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.34$0.06$9.28$6.65$3.39$3.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.02$0.00$6.02$4.90$2.53$2.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.04$3.78$4.06$3.70$0.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.00$3.42$2.18$3.86$1.68
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$0.51$5.10$5.76$4.85$0.92
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.19$4.19$4.50$2.56$1.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$664,686
Mission and Program Overview

Mission

The foundation engages with local communities in emerging regions to offer collection and recycling platforms for waste, with a special emphasis on preventing plastic pollution from entering our aquatic systems.

To address the complex challenges of collecting and recycling waste in emerging countries and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$562,379$684,893▲ $122,514
Accounts Receivable$38,290$245,069▲ $206,779
Prepaid Expenses and Deferred Charges$1,298$3,660▲ $2,362
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$601,967$933,622▲ $331,655
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$352$6,105▲ $5,753
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$352$6,105▲ $5,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$362,936$517,314▲ $154,378
Net Assets With Donor Restrictions$238,679$410,203▲ $171,524
Total Net Assets Fund Balance$601,615$927,517▲ $325,902
Total Liabilities and Net Assets / Fund Balance$601,967$933,622▲ $331,655
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Tom SzakyChairman
Dana Bass SolomonDirector
Eric BrissonDirector
Peter KleinDirector
Richard PerlDirector
James ScottExecutive Director
Daniel RosenSecretary
Damian FinioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$412,429
Program Service Revenue
$234,934
Investment Income
$0
Other Revenue
$17,323
All Other Contributions
$412,429
Change in Net Assets
$325,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$664,686
Revenue Not Reported on Form 990
$79,907
Total Revenue per Audited Statements
$744,593
Total Revenue per Form 990
$664,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$306,000
Other Expenses$32,784
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$306,000--$306,000
Fees for Services Accounting$8,892$10,269-$19,161
Fees for Services Legal-$6,406-$6,406
Insurance-$5,698-$5,698
Fees for Services Other-$1,519-$1,519
Total Functional Expenses$314,892$23,892$0$338,784

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$418,691
Expenses per Audited Statements$338,784
Total Expenses per Form 990$338,784
Expenses Not Reported on Form 990$79,907
International Activity

International Summary

Offices
0
Employees
0
Spending
$306,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrantmaking-00$306,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS:

“DIRECTORS & OFFICERS TOM SZAKY AND RICHARD PERL AND OFFICERS, Damian Finio AND DANIEL ROSEN HAVE A BUSINESS RELATIONSHIP THROUGH TERRACYCLE, INC.”

PART VI, SECTION A, LINE 11B - REVIEW OF FORM 990:

“The foundation's form 990 is prepared by a professional certified public accounting (cpa) firm with experience and expertise in not-for-profit tax preparation. The return is reviewed by the treasurer for comment and discussion with the cpa firm. The return is updated for any revisions from discussion with the cpa firm and a final copy is sent for the treasurer's approval and filed with the internal revenue service.”

PART VI, SECTION B, LINE 12 - CONFLICT OF INTEREST MONITORING:

“The foundation regularly monitors and enforces compliance with its conflict of interest policy. Annually all members of the board of trustees are required to review annually complete a conflict of interest disclosure statement. All responses to conflict of interest disclosure statements are reviewed for full compliance with the foundation's policies.”

PART VI, SECTION C, LINE 19 - AVAILABILITY OF GOVERNING DOCUMENTS:

“The foundation's financial statements, governing documents, and conflict of interest policy will be provided upon request.”

Filing and Contact Details

Filer

Filer Name
TerraCycle Global Foundation Inc
EIN
83-1677129
In Care Of
% DAMIAN FINIO
Phone
6096565100
Address
121 New York Ave, Trenton, NJ 08638

Signing Officer

Name
Damian Finio
Title
CFO
Phone
6093934252
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Damian Finio
Formed
2018
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Withum Smith Brown Pc
Address
506 CARNEGIE CENTER STE 400, PRINCETON, NJ 08540-6243
Preparer
Richard L Ruvelson
Phone
6095201188
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2 - FIN 48 FOOTNOTE:

“The Foundation is classified for tax purposes as a charitable organization under Section 501(c)(3) of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2024 and 2023 there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There has been no tax related interest or penalties for the periods presented in these financial statements.”

Raw XML AppendixShowing 400 of 478 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE FOUNDATION ENGAGES WITH LOCAL COMMUNITIES IN EMERGING REGIONS TO OFFER COLLECTION AND RECYCLING PLATFORMS FOR WASTE, WITH A SPECIAL EMPHASIS ON PREVENTING PLASTIC POLLUTION FROM ENTERING OUR AQUATIC SYSTEMS.
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IRS990/PrincipalOfficerNm0Damian Finio
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IRS990/ProgramServiceRevenueGrp/Desc0RECYCLING REVENUE
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01880827
IRS990ScheduleA/TotalSupportAmt01885894
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is classified for tax purposes as a charitable organization under Section 501(c)(3) of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2024 and 2023 there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There has been no tax related interest or penalties for the periods presented in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2 - FIN 48 FOOTNOTE:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0664686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0744593
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0418691
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0306000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and the Pacific
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0306000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S INTERIM EXECUTIVE DIRECTOR, WHO ALSO SERVES AS EXECUTIVE DIRECTOR OF THE TERRACYCLE THAI FOUNDATION (AN AFFILIATE OPERATING IN BANGKOK), OBSERVES AND RECORDS THE PROGRESSION OF THE COLLECTION AND RECYCLING OF PLASTICS AND PROVIDES THE FOUNDATION'S DIRECTORS WITH A REPORT ON THE PROGRESSION OF THE ACTIVITIES UNDERTAKEN IN THAILAND.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS OUTSIDE THE USA:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0306000
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS & OFFICERS TOM SZAKY AND RICHARD PERL AND OFFICERS, Damian Finio AND DANIEL ROSEN HAVE A BUSINESS RELATIONSHIP THROUGH TERRACYCLE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S FORM 990 IS PREPARED BY A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING (CPA) FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX PREPARATION. THE RETURN IS REVIEWED BY THE TREASURER FOR COMMENT AND DISCUSSION WITH THE CPA FIRM. THE RETURN IS UPDATED FOR ANY REVISIONS FROM DISCUSSION WITH THE CPA FIRM AND A FINAL COPY IS SENT FOR THE TREASURER'S APPROVAL AND FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REGULARLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO REVIEW ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ALL RESPONSES TO CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REVIEWED FOR FULL COMPLIANCE WITH THE FOUNDATION'S POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY WILL BE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 2 - BUSINESS RELATIONSHIPS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 11B - REVIEW OF FORM 990:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12 - CONFLICT OF INTEREST MONITORING:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION C, LINE 19 - AVAILABILITY OF GOVERNING DOCUMENTS:
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IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

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