Recovery Innovations Inc
- Assets
- $602.4k
- Revenue
- $924.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Eatontown, NJ
- Founding
- 05/2005
- Data as of
- 06/2022
- EIN
- 52-2444115
Organization Overview
Recovery Innovations Inc is located in Eatontown, NJ. The organization was established in 2005. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2022, Recovery Innovations Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recovery Innovations 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 06/2022, Recovery Innovations Inc generated $924.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $968.0k during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CARRY ON EDUCATION ACTIVITIES AND OUTPATIENT TREATMENT FOR DRUG AND ALCOHOL ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CARRY ON EDUCATIONAL ACTIVITIES AND OUTPATIENT TREATMENT FOR DRUG AND ALCOHOL ABUSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Martinez President | OfficerTrustee | 40 | $179,900 |
Nicole Martinez Secretary | OfficerTrustee | 40 | $118,874 |
James Kelly Vice Preside | OfficerTrustee | 2 | $0 |
Elio Siragusa Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Bryer Director | Trustee | 2 | $0 |
Steven Crawford Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $887,274 |
| Investment income | $217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $924,025 |
| 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. | $298,774 |
| Compensation of current officers, directors, key employees. | $107,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,477 |
| Payroll taxes | $35,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,034 |
| Information technology | $17,001 |
| Royalties | $0 |
| Occupancy | $147,045 |
| Travel | $37,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,391 |
| Insurance | $16,208 |
| All other expenses | $2,593 |
| Total functional expenses | $968,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,242 |
| 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 | $17,005 |
| Net Land, buildings, and equipment | $98,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,482 |
| Total assets | $602,354 |
| Accounts payable and accrued expenses | $18,035 |
| 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 | $40,874 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $58,909 |
| Net assets without donor restrictions | $0 |
| 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 | $543,445 |
| Total liabilities and net assets/fund balances | $602,354 |
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