Recovery Ventures Corporation is located in Black Mountain, NC. The organization was established in 2002. 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 03/2022, Recovery Ventures Corporation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recovery Ventures Corporation 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 03/2022, Recovery Ventures Corporation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.9m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LONG-TERM RESIDENTIAL TREATMENT AND AFTER-CARE TO INDIVIDUALS SUFFERING FROM CHRONIC SUBSTANCE ADDICTIONS. THIS TREATMENT IS PROVIDED IN A SAFE, HEALTHY ENVIRONMENT THAT PROMOTES SELF-SUFFICIENCY, EMOTIONAL GROWTH, PERSONAL ACCOUNTABILITY AND PERSONAL VALUES ENHANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG-TERM RESIDENTIAL SUBSTANCE ABUSE TREATMENT FOR OVER 130 ASSOCIATES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cheryl Garvy CFO | Officer | 40 | $168,940 |
Mike Fort Ceo/ed | Officer | 40 | $118,470 |
Sharon Sweede MD Chairperson | Officer | $0 | |
Jeannie Conner Trustee | Trustee | $0 | |
Rebecca Bright Trustee | Trustee | $0 | |
Wendy Paben Trustee | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $273,439 |
All other contributions, gifts, grants, and similar amounts not included above | $269,657 |
Noncash contributions included in lines 1a–1f | $259,460 |
Total Revenue from Contributions, Gifts, Grants & Similar | $543,096 |
Total Program Service Revenue | $1,427,676 |
Investment income | $1,188 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $325,142 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,343,839 |
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. | $287,410 |
Compensation of current officers, directors, key employees. | $143,705 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $348,675 |
Pension plan accruals and contributions | $14,424 |
Other employee benefits | $74,200 |
Payroll taxes | $47,015 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,308 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,502 |
Advertising and promotion | $738 |
Office expenses | $22,154 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $25,740 |
Travel | $3,245 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,888 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $111,355 |
Insurance | $59,723 |
All other expenses | $191,215 |
Total functional expenses | $1,859,707 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,691 |
Savings and temporary cash investments | $513,613 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $160,124 |
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 | $65,382 |
Net Land, buildings, and equipment | $1,915,796 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,928 |
Total assets | $2,767,534 |
Accounts payable and accrued expenses | $44,980 |
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 | $44,980 |
Net assets without donor restrictions | $2,633,616 |
Net assets with donor restrictions | $88,938 |
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 | $2,767,534 |
Over the last fiscal year, we have identified 3 grants that Recovery Ventures Corporation has recieved totaling $154,549.
Awarding Organization | Amount |
---|---|
Manna Food Bank Inc Asheville, NC PURPOSE: FOOD DISTRIBUTION | $153,538 |
The Hedrick Family Foundation Inc Salisbury, NC PURPOSE: CHARITABLE USE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
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 |
Council For Alcohol And Drug Abuse Services Inc Chattanooga, TN | $19,967,884 | $11,432,383 |
Horry County Commission On Alcohol And Drug Abuse Conway, SC | $9,808,832 | $8,232,870 |
Freedom House Recovery Center Inc Chapel Hill, NC | $5,436,315 | $8,406,225 |
York County Council On Alcohol And Drug Abuse Inc Rock Hill, SC | $6,079,794 | $6,136,033 |
Healing Transitions Inc Raleigh, NC | $22,953,698 | $10,736,237 |
Florence County Commission On Alcohol And Drug Abuse Florence, SC | $6,167,918 | $5,394,838 |
Tricounty Commission On Alcohol And Drug Abuse Orangeburg, SC | $7,413,555 | $4,978,961 |
Hope Haven Inc Charlotte, NC | $6,086,941 | $4,423,960 |