Vermont Recovery Network Inc
- Assets
- $137.5k
- Revenue
- $227.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Burlington, VT
- Founding
- 12/2008
- Data as of
- 06/2023
- EIN
- 32-0251343
Organization Overview
Vermont Recovery Network Inc is located in Burlington, VT. The organization was established in 2008. According to its NTEE Classification (F50) the organization is classified as: Addictive Disorders N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Vermont Recovery Network Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Recovery Network 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 06/2023, Vermont Recovery Network Inc generated $227.0k 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 (9.9%) each year. All expenses for the organization totaled $224.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Vermont Recovery Network Inc has awarded 21 individual grants totaling $621,879. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OUR MEMBER RECOVERY ORGANIZATIONS SUCH THAT THEY CAN BE WORLD CLASS ESTABLISHMENTS EMPOWERING INDIVIDUAL VERMONTERS AND THEIR FAMILIES WHO ARE IN RECOVERY FROM AN ALCOHOL AND OTHER SUBSTANCE USE DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VERMONT RECOVERY NETWORK CONSISTS OF THE CENTRALIZED "HEADQUARTERS" THAT PROVIDES OVERALL SUPPORT FOR A NETWORK OF 14 INDEPENDENT RECOVERY ORGANIZATIONS IN THE STATE OF VERMONT TO ASSIST INDIVIDUALS AND FAMILIES WHO HAVE AN ALCOHOL AND/OR SUBSTANCE USE DISORDER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary DE Carolis Executive Di | Officer | 20 | $28,788 |
Michael Johnson President | OfficerTrustee | 1 | $0 |
Eric Mcguire Vice Preside | OfficerTrustee | 1 | $0 |
Lee Larson Secretary | OfficerTrustee | 1 | $0 |
Sheila Young Treasurer | OfficerTrustee | 1 | $0 |
Stephen Kline Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,129 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,842 |
| Noncash contributions included in lines 1a–1f | $17,094 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,971 |
| Total Program Service Revenue | $97,535 |
| 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 | $2,536 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,940 |
| 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. | $35,828 |
| Compensation of current officers, directors, key employees. | $10,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,186 |
| Payroll taxes | $8,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,897 |
| Advertising and promotion | $3,931 |
| Office expenses | $10,776 |
| Information technology | $623 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2 |
| Payments to affiliates | $445 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,003 |
| All other expenses | $0 |
| Total functional expenses | $224,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,500 |
| 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 | $3,152 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,545 |
| Accounts payable and accrued expenses | $6,084 |
| 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 | $6,084 |
| Net assets without donor restrictions | $131,461 |
| 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 | $137,545 |
Grants Awarded
Over the last fiscal year, Vermont Recovery Network Inc has awarded $20,187 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TURNING POINT CENTER OF ADDISON CNT PURPOSE: TO START PROGRAM | $5,962 |
TURNING POINT CENTER OF CENTRAL VT PURPOSE: TO START PROGRAM | $5,925 |
TURNING POINT CENTER OF SPRINGFIELD PURPOSE: TO START PROGRAM | $8,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Ocd Foundation Inc Boston, MA | $7,732,282 | $5,107,222 |
Girls Educational And Mentoring Services Inc New York, NY | $1,720,073 | $3,173,243 |
Lsa Recovery Inc Brooklyn, NY | $0 | $1,321,171 |
Troubled Waters Inc Lowell, MA | $30,218 | $575,090 |
Navigating Recovery Of The Lakes Region Laconia, NH | $1,165,609 | $573,566 |
Restoration Recovery Center Inc Fitchburg, MA | $59,893 | $382,713 |
Gino Macchio Foundation Inc Bohemia, NY | $224,744 | $344,547 |
Vermont Recovery Network Inc Burlington, VT | $137,545 | $227,042 |
Nascomm Corp Mineola, NY | $53,414 | $0 |
Pa Inc Brooklyn, NY | $7,854 | $0 |
Your Ally Foundation Inc Boston, MA | $9,277 | $0 |
The Harris Project Inc Ardsley, NY | $254,712 | $79,416 |
Recovrr Org Inc Saint James, NY | $0 | $0 |
Zoes Story Fund New York, NY | $343 | $2,326 |