The Board of Directors of the National Recycling Coalition, Inc. (NRC) has announced that it will expeditiously file for Chapter 7 bankruptcy.
“The decision was a very difficult and troubling one, but in the end, as a matter of our fiduciary responsibility, the Board was left with very few options given the organization’s cash position. Our hope – however distant right now – is that a stronger organization, with broad representation, may emerge from within our community,” said Melinda Uerling, NRC Board President.
In light of NRC’s financial circumstances, it will cease operations and terminate all staff effective close of business September 4, 2009.
About National Recycling Coalition, Inc.
Founded in 1978, the National Recycling Coalition (www.nrc-recycle.org) is the largest national nonprofit organization dedicated to the advancement and improvement of recycling, waste prevention, composting and reuse. NRC’s objective is to eliminate waste and promote sustainable economies through advancing sound management practices for raw materials in North America. NRC is an IRS tax exempt 501(c)(3) organization with members that span all aspects of waste reduction, reuse and recycling in North America. The Coalition represents advocates from every region of the country, in every sector of the waste reduction field, including local recycling coordinators, state and federal regulators, corporate environmental managers, environmental educators and advocates, consumers and waste management professionals.