The Recovery Foundation
- Assets
- $8.0m
- Revenue
- $115.3k
- Investments
- $6.0m
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 84-1201990
Organization Overview
The Recovery Foundation is located in Greenwood Village, CO. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recovery Foundation 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 12/2021, Recovery Foundation generated $115.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $649.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE EXCLUSIVELY TO CARRY OUT THE CHARITABLE PURPOSES OF THE DENVER FOUNDATION, CHARITABLE ORGANIZATIONS THAT ARE ORGANIZED AND OPERATED TO ADDRESS MENTAL HEALTH ISSUES FOCUSED ON SUBSTANCE ABUSE IN THE STATE OF COLORADO, AND CHARITABLE ORGANIZATIONS THAT PROVIDE LOW-INCOME HOUSING IN THE STATE OF COLORADO IN A CHARITABLE MANNER
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGE ASSETS AND PERFORM ADMINISTRATIVE SERVICES FOR THE DENVER FOUNDATION AND OTHER CHARITABLE ORGANIZATIONS
SUPPORT THE DENVER FOUNDATION AND ITS MISSION AND SUPPORT OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen D Crapo Secretary | OfficerTrustee | 1 | $0 |
Robert Pipkin Chairman | OfficerTrustee | 1 | $0 |
Greg Gulley Treasurer | OfficerTrustee | 1 | $0 |
Rodger Hara Vice Chairman | OfficerTrustee | 1 | $0 |
Laura Conry Director | Trustee | 1 | $0 |
Patti Robinson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,000 |
| Investment income | $83,256 |
| 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 | $115,291 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,600 |
| Fees for services: Legal | $2,038 |
| Fees for services: Accounting | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,767 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,260 |
| Insurance | $16,715 |
| All other expenses | $251 |
| Total functional expenses | $649,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $292,715 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,601,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,030,708 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,969,557 |
| Accounts payable and accrued expenses | $3,536 |
| 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 | $10,000 |
| Total liabilities | $13,536 |
| Net assets without donor restrictions | $7,754,421 |
| Net assets with donor restrictions | $201,600 |
| 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 | $7,969,557 |
Grants Awarded
Over the last fiscal year, The Recovery Foundation has awarded $400,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lakewood, CO PURPOSE: TO SUPPORT CHARITABLE MISSION | $225,000 |
Denver, CO PURPOSE: TO SUPPORT CHARITABLE MISSION | $100,000 |
Norton, KS PURPOSE: TO SUPPORT CHARITABLE MISSION | $50,000 |
Denver, CO PURPOSE: TO SUPPORT CHARITABLE MISSION | $25,000 |
Endowment Analysis
| Beg. Balance | $5,145,680 |
| Earnings | $615,726 |
| Ending Balance | $5,761,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zero Zero One Inc Wichita, KS | $296,480,303 | $56,363,793 |
Teammates For Kids Foundation Denver, CO | $83,190,071 | $4,700,598 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
No Stone Unturned Foundation Manhattan, KS | $1,585,423 | $2,930,431 |
Advantage Services Inc Salt Lake City, UT | $843,736 | $2,788,376 |
Indygive Colorado Springs, CO | $121,334 | $1,846,981 |
Optometry Giving Sight Golden, CO | $2,784,890 | $1,767,795 |
David S And Norma R Lewis Foundation Tucson, AZ | $3,952,273 | $380,765 |
Colorado Open Golf Foundation Denver, CO | $3,987,949 | $1,603,447 |
Hays Medical Center Foundation Hays, KS | $31,885,927 | $2,730,676 |
Ok Foundation Salt Lake City, UT | $4,818,165 | $645,498 |
Isa Foundation Gilbert, AZ | $705,543 | $701,098 |