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 03/2024, Recovery Ventures Corporation employed 19 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 03/2024, Recovery Ventures Corporation generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.0m during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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

2024

Describe the Organization's Mission:

Part 3 - Line 1

RECOVERY VENTURES OFFERS INDIVIDUALS SUFFERING FROM CHRONIC SUBSTANCE ADDICTIONS LONG TERM RESIDENTIAL TREATMENT AND AFTERCARE IN A SAFE AND HEALTHY ENVIRONMENT THAT PROMOTES SELF-SUFFICIENCY, EMOTIONAL GROWTH, PERSONAL ACCOUNTABILITY AND PERSONAL VALUES ENHANCEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RECOVERY VENTURES IS A LONG-TERM RESIDENTIAL TREATMENT PROGRAM IN WESTERN NORTH CAROLINA THAT OFFERS HOPE TO INDIVIDUALS SUFFERING FROM SUBSTANCE USE DISORDERS. WE OFFER INDIVIDUALS A FREE OPTION FOR TREATMENT WITH NO INSURANCE REQUIRED FOR ADMISSION. WITH OVER 85 PRIMARY CARE TREATMENT BEDS FOR MEN AND WOMEN, WE FOCUS ON PROVIDING A SAFE ENVIRONMENT FOR INDIVIDUALS TO HEAL, BUILD LASTING CONNECTIONS WITH THEIR PEERS AND LEARN TO LIVE A FULFILLING PRODUCTIVE LIFE IN LONG-TERM RECOVERY.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Fort
Ceo/executive Director
$133,511
Vera Jones
CFO
$66,967
Sharon Sweede MD
Chair
$0
Walker Stocks
Vice-Chair
$0
Wendy Paben
Board Member
$0
Bill Sbrocco
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $246,127
All other contributions, gifts, grants, and similar amounts not included above$289,478
Noncash contributions included in lines 1a–1f $278,802
Total Revenue from Contributions, Gifts, Grants & Similar$535,605
Total Program Service Revenue$1,631,041
Investment income $1,147
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$11,737
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $742
Miscellaneous Revenue$0
Total Revenue $2,158,335

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Hope Haven Inc
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Recovery Consultants Of Atlanta Incorporated
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Pickens County Commission On Alcohol And Drug Abuse
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Governors Institute On Substance Abuse
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Discovery Place Inc
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Tennessee Association Of Alcohol And Drug Abuse Services Inc
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Mcshin Foundation
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Renewal House Inc
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Jackson Area Council On Alcoholism And Drug Dependency
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The Hopequest Ministry Group Inc
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Living Free Ministries Inc
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