Recovery Ventures Corporation

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Cheryl Garvy
CFO
$168,940
Mike Fort
Ceo/ed
$118,470
Sharon Sweede MD
Chairperson
$0
Jeannie Conner
Trustee
$0
Rebecca Bright
Trustee
$0
Wendy Paben
Trustee
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Recovery Ventures Corporation has recieved totaling $154,549.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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