Harm Reduction Therapeutics Inc
- Assets
- $5.5m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- Data as of
- 12/2022
- EIN
- 82-2380699
Organization Overview
Harm Reduction Therapeutics Inc is located in Bethesda, MD. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harm Reduction Therapeutics Inc 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 12/2022, Harm Reduction Therapeutics Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $9.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pinney Chairman Of The Board | 8 | $0 | |
Michael Hufford President, Secretary, CEO | 24 | $80,000 | |
Elliott Millenson Director | 1 | $0 | |
James Williams Director | 1 | $0 | |
Judy Ashworth Chief Medical Officer | 1 | $0 | |
Bernie Simone Treasurer, COO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,000,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,794 |
| Taxes | $6,531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,998 |
| Printing and publications | $0 |
| Other expenses | $9,307,275 |
| Total operating and administrative expenses | $9,737,361 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,737,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,439,115 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $20,655 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,130 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,471,900 |
| Accounts payable and accrued expenses | $3,037,961 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $17 |
| Total liabilities | $3,037,978 |