The Synergy Foundation Incorporated
- Assets
- $3.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 35
- Location
- Memphis, TN
- Founding
- 09/1989
- Data as of
- 06/2023
- EIN
- 62-1386914
Organization Overview
The Synergy Foundation Incorporated is located in Memphis, TN. The organization was established in 1989. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Synergy Foundation Incorporated employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synergy Foundation Incorporated 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, Synergy Foundation Incorporated generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) 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 EMPOWER INDIVIDUALS WITH DRUG AND ALCOHOL ADDICTIONS AND CO-OCCURRING DISORDERS WITH THE TOOLS TO TRANSFORM THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES A RESIDENTIAL SELF-HELP PROGRAM FOR INDIVIDUALS WITH DRUG, ALCOHOL, CRIME RELATED PROBLEMS. THE FACILITY OFFERS AN ALTERNATIVE TO INCARCERATION AND TREATMENT FOR THOSE INDIVIDUALS WHO CAN CHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerleska O Pete Conerly Exec Director | Officer | 45 | $134,611 |
Keithley J Barton Board Chairman/treas | Trustee | 5 | $0 |
Charles D Hamlett Secretary | Trustee | 5 | $0 |
Jennifer D Danehy Board Member | Trustee | 5 | $0 |
Lawrence L Crane Jr Board Member | Trustee | 5 | $0 |
D Stephen Morrow Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,029,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247,462 |
| Total Program Service Revenue | $478,687 |
| Investment income | $2,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,953 |
| 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 | $1,772,162 |
| 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 | $0 |
| Other salaries and wages | $924,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,320 |
| Payroll taxes | $72,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,045 |
| Advertising and promotion | $0 |
| Office expenses | $69,790 |
| Information technology | $33,554 |
| Royalties | $0 |
| Occupancy | $108,144 |
| Travel | $0 |
| 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 | $83,821 |
| Insurance | $61,965 |
| All other expenses | $0 |
| Total functional expenses | $1,709,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,287,188 |
| Savings and temporary cash investments | $524,388 |
| Pledges and grants receivable | $91,808 |
| Accounts receivable, net | $38,017 |
| 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 | $15,368 |
| Net Land, buildings, and equipment | $931,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,888,141 |
| Accounts payable and accrued expenses | $94,828 |
| 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 | $94,828 |
| Net assets without donor restrictions | $3,793,313 |
| 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 | $3,888,141 |