70x7 Life Recovery
- Assets
- $461.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Holland, MI
- Founding
- 06/2008
- Data as of
- 09/2023
- EIN
- 20-8857935
Organization Overview
70x7 Life Recovery is located in Holland, MI. The organization was established in 2008. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2023, 70x7 Life Recovery employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 70x7 Life Recovery is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, 70x7 Life Recovery generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.4m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CATALYZE THE CHURCH, COMMERCE, AND COMMUNITIES TO TURN THE CYCLE OF INCARCERATION AND ITS CONSEQUENCES INTO A CYCLE OF RESTORATION AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
70X7 WORKS TO CATALYZE THE CHURCH, COMMERCE, AND COMMUNITIES TO TURN THE CYCLE OF INCARCERATION AND ITS CONSEQUENCES INTO A CYCLE OF RESTORATION AND HOPE. THIS IS ACCOMPLISHED THROUGH JOB READINESS TRAINING, MENTORING AND FAMILY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Veurink Chairperson | OfficerTrustee | 2 | $0 |
David Kruis Treasurer | OfficerTrustee | 1 | $0 |
Robert Schaftenaar Secretary | OfficerTrustee | 1 | $0 |
Arvin Tap Director | Trustee | 1 | $0 |
Jessica Brouwer Director | Trustee | 1 | $0 |
Roland Bokma Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $377,645 |
| Related organizations | $0 |
| Government grants | $78,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $628,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,084,585 |
| Total Program Service Revenue | $127,222 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,161,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $156,908 |
| Other salaries and wages | $705,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,040 |
| Payroll taxes | $74,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,390 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,905 |
| Advertising and promotion | $69,637 |
| Office expenses | $50,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,448 |
| Travel | $22,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,542 |
| Insurance | $12,341 |
| All other expenses | $0 |
| Total functional expenses | $1,353,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $13,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,698 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $75,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,261 |
| Total assets | $461,441 |
| Accounts payable and accrued expenses | $90,024 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $181,417 |
| Total liabilities | $271,441 |
| Net assets without donor restrictions | $90,000 |
| Net assets with donor restrictions | $100,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $461,441 |