The Synergy Foundation Incorporated
- Assets
- $3.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 49
- Location
- Memphis, TN
- Founding
- 09/1989
- Data as of
- 06/2021
- 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 06/2021, Synergy Foundation Incorporated employed 49 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 06/2021, Synergy Foundation Incorporated generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
2021
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 | $112,176 |
Keithley J Barton Board Chairman/treas | Trustee | 5 | $0 |
Charles D Hamlett Secretary | Trustee | 5 | $0 |
Jennifer D Danehy Board Member | Trustee | 5 | $0 |
C Dow Mcvean Jr Board Member | Trustee | 5 | $0 |
Lawrence L Crane Jr Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,676,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $252,776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,929,295 |
| Total Program Service Revenue | $339,881 |
| Investment income | $1,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,404 |
| 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 | $2,315,228 |
| 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 | $733,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,382 |
| Payroll taxes | $57,571 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,163 |
| Advertising and promotion | $0 |
| Office expenses | $58,089 |
| Information technology | $31,000 |
| Royalties | $0 |
| Occupancy | $76,965 |
| 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 | $84,610 |
| Insurance | $53,971 |
| All other expenses | $9,052 |
| Total functional expenses | $1,411,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,668,616 |
| Savings and temporary cash investments | $521,919 |
| Pledges and grants receivable | $241,474 |
| Accounts receivable, net | $79,749 |
| 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 | $19,236 |
| Net Land, buildings, and equipment | $1,056,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,587,968 |
| Accounts payable and accrued expenses | $86,460 |
| 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 | $1,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,182 |
| Total liabilities | $334,042 |
| Net assets without donor restrictions | $3,253,926 |
| 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 | $3,587,968 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Synergy Foundation Incorporated has recieved totaling $91,036.
| Awarding Organization | Amount |
|---|---|
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $48,036 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $43,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Capital Treatment And Recovery Arlington, VA | $11,789,522 | $18,668,455 |
Insight Human Services Inc Winstonsalem, NC | $9,756,667 | $18,706,531 |
Southlight Healthcare Raleigh, NC | $4,243,339 | $11,475,535 |
Pavillon International Mill Spring, NC | $12,165,534 | $12,002,986 |
Behavioral Health Response Inc St Louis, MO | $4,639,678 | $12,402,932 |
Council For Alcohol And Drug Abuse Services Inc Chattanooga, TN | $19,967,884 | $11,432,383 |
Harris House Foundation St Charles, MO | $20,113,834 | $10,724,107 |
Harbor House Inc Of Fort Smith Fort Smith, AR | $8,219,813 | $9,301,787 |
Freedom House Recovery Center Inc Chapel Hill, NC | $5,436,315 | $8,406,225 |
The Bridge Inc Gadsden, AL | $8,378,595 | $6,557,156 |
Healing Transitions Inc Raleigh, NC | $22,953,698 | $10,736,237 |
Hope Haven Inc Charlotte, NC | $6,086,941 | $4,423,960 |