Memphis Recovery Centers Inc
- Assets
- $4.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 76
- Location
- Memphis, TN
- Founding
- 04/1970
- Data as of
- 06/2024
- EIN
- 23-7067459
Organization Overview
Memphis Recovery Centers Inc is located in Memphis, TN. The organization was established in 1970. As of 06/2024, Memphis Recovery Centers Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Recovery Centers Inc 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 06/2024, Memphis Recovery Centers Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.9m during the year ending 06/2024. While expenses have increased by 0.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
MEMPHIS RECOVERY CENTERS, INC. (MRC) PROVIDES COMPASSIONATE TREATMENT SERVICES FOR YOUTH AND ADULTS SUFFERING FROM SUBSTANCE ADDICTION AND CO-OCCURRING DISORDERS, UTILIZING PROFESSIONAL METHODS TO IMPROVE SPIRITUAL, PHYSICAL, EMOTIONAL, SOCIAL AND OCCUPATIONAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVED 116 ADULT AND 57 ADOLESCENT PATIENTS FOR A TOTAL OF 12,216 DAYS OF ALCOHOL AND DRUG ADDICTION TREATMENT IN ADDITION TO AFTERCARE SERVICES. THIS SERVICE CONSISTS OF ACCREDITED, LICENSED RESIDENTIAL (INPATIENT) SERVICES INCLUDING GROUP THERAPY, INDIVIDUAL AND FAMILY COUNSELING, LECTURES, SKILL BUILDING, INHOUSE SCHOOL EDUCATION (YOUTH), ASSESSMENTS AND ADDITIONAL SERVICES. THIS INFORMATION IS PROVIDED TO FUNDING SOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Dawson Board Member | Trustee | 1 | $0 |
Coni Johnston Board President | Trustee | 1 | $0 |
Richard Webb Treasurer | Trustee | 1 | $0 |
Ernest Dickson Board Member | Trustee | 1 | $0 |
Gene Lerner Board Member | Trustee | 1 | $0 |
Peggy Reed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,113 |
| Total Program Service Revenue | $4,307,689 |
| Investment income | $124,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,657,941 |
| 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. | $353,191 |
| Compensation of current officers, directors, key employees. | $201,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,193,878 |
| Pension plan accruals and contributions | $56,813 |
| Other employee benefits | $218,380 |
| Payroll taxes | $187,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,530 |
| Advertising and promotion | $5,789 |
| Office expenses | $97,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $294,113 |
| Travel | $11,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,351 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,299 |
| Insurance | $87,774 |
| All other expenses | $0 |
| Total functional expenses | $3,915,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,215 |
| Savings and temporary cash investments | $1,248,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $921,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $215,553 |
| Net Land, buildings, and equipment | $477,273 |
| Investments—publicly traded securities | $1,582,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,616,326 |
| Accounts payable and accrued expenses | $243,231 |
| 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 | $0 |
| Total liabilities | $243,231 |
| Net assets without donor restrictions | $4,373,095 |
| Net assets with donor restrictions | $0 |
| 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 | $4,616,326 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Annandale At Suwanee Inc Suwanee, GA | $15,093,838 | $16,013,785 |
Cole County Residential Services Inc Jefferson City, MO | $4,625,309 | $5,795,140 |
Chrysalis House Inc Lexington, KY | $6,466,211 | $4,648,016 |
Memphis Recovery Centers Inc Memphis, TN | $4,616,326 | $4,657,941 |
Harbor House Of Jackson Inc Jackson, MS | $2,170,579 | $3,847,116 |
Harbor House Inc Memphis, TN | $642,460 | $1,113,115 |
Hale Foundation Inc Augusta, GA | $3,323,640 | $1,395,495 |
Alleghany County Group Homes Inc Sparta, NC | $1,559,529 | $817,200 |
Remmsco Inc Reidsville, NC | $275,164 | $407,358 |
Council On Alcoholism Lord Fairfax Community Inc Winchester, VA | $246,532 | $228,705 |
Caldwell Halfway House Inc Lenoir, NC | $976,202 | $226,331 |
The Kings Daughters And Sons Group Home Inc Vicksburg, MS | $167,648 | $0 |