Lags Recovery Centers Inc
- Assets
- $648.0k
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Santa Maria, CA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3512746
Organization Overview
Lags Recovery Centers Inc is located in Santa Maria, CA. The organization was established in 2017. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Lags Recovery Centers Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lags Recovery Centers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LAGS RECOVERY CENTERS IS DEDICATED TO PROVIDING AN INDIVIDUALIZED AND HOLISTIC FORM OF TREATMENT FOR INDIVIDUALS SUFFERING FROM SUBSTANCE ABUSE PROBLEMS OR MENTAL HEALTH DISORDERS. WE USE A PROVEN PREVENTION AND RECOVERY PROGRAM THAT PROMOTES HEALING BOTH INDIVIDUALS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAGS RECOVERY CENTERS WILL PROVIDE TREATMENTS FOR INDIVIDUALS SUFFERING FROM SUBSTANCE ABUSE PROBLEMS AND/OR MENTAL HEALTH DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Surra Boardmember | Officer | 1 | $0 |
Francis P Lagattuta President | Officer | 40 | $60,160 |
Kenneth Sabraw Secretary | Officer | 1 | $0 |
Ricardo Battaglini Treasurer | Officer | 1 | $0 |
Roman Velasquez Boardmember | Officer | 1 | $0 |
Jan Eperjesi Boardmember | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $473,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $70 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,237 |
| Total Program Service Revenue | $3,438,271 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,911,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,878 |
| 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 | $1,556,095 |
| Pension plan accruals and contributions | $69,422 |
| Other employee benefits | $193,538 |
| Payroll taxes | $642,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,107 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,690 |
| Office expenses | $136,958 |
| Information technology | $34,625 |
| Royalties | $0 |
| Occupancy | $147,825 |
| Travel | $489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $587,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,431 |
| All other expenses | $95,785 |
| Total functional expenses | $3,817,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $72,190 |
| Net Land, buildings, and equipment | $450,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,998 |
| Accounts payable and accrued expenses | $0 |
| 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 | $220,269 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $865,093 |
| Other liabilities | $0 |
| Total liabilities | $1,085,362 |
| Net assets without donor restrictions | $0 |
| 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 | -$437,364 |
| Total liabilities and net assets/fund balances | $647,998 |