Release Recovery Foundation Inc
- Assets
- $552.2k
- Revenue
- $944.8k
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-2976778
Organization Overview
Release Recovery Foundation Inc is located in New York, NY. The organization was established in 2019. 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 12/2022, Release Recovery Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Release Recovery Foundation 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, Release Recovery Foundation Inc generated $944.8k in total revenue. All expenses for the organization totaled $843.3k during the year ending 12/2022.
Since 2021, Release Recovery Foundation Inc has awarded 22 individual grants totaling $975,326. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO INDIVIDUALS SUFFERING FROM ADDICTION AND ALCOHOLISM AND TO THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT FOR THE TREATMENT OF ADDICTION AND MENTAL HEALTH RECOVERY AND SCHOLARSHIPS FOR MINORITIES, COLLEGE STUDENTS, WOMEN AND THE LGBTQ COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rinkin Chair | OfficerTrustee | 3 | $0 |
Zac Clark Vice Chair | OfficerTrustee | 3 | $0 |
Jeffrey Baum Secretary & Treasurer | OfficerTrustee | 3 | $0 |
Hilary Phelps Board Director | Trustee | 3 | $0 |
Zachary Price Board Director | Trustee | 3 | $0 |
Dorothy Devlin Board Director | Trustee | 3 | $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 | $944,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $944,765 |
| Total Program Service Revenue | $0 |
| 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 | $944,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,896 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $65,670 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,600 |
| Payroll taxes | $12,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,158 |
| Advertising and promotion | $0 |
| Office expenses | $48,877 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,169 |
| 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 | $4,220 |
| Insurance | $1,968 |
| All other expenses | $0 |
| Total functional expenses | $843,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,376 |
| 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 | $34,913 |
| Net Land, buildings, and equipment | $16,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $552,171 |
| Accounts payable and accrued expenses | $9,258 |
| 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 | $0 |
| Total liabilities | $9,258 |
| Net assets without donor restrictions | $542,913 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $552,171 |
Grants Awarded
Over the last fiscal year, Release Recovery Foundation Inc has awarded $400,888 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY ADDICTION TREATMENT CENTER PURPOSE: FOR SCHOLARSHIPS FOR SCHOLORSHIPS | $35,000 |
SURFSIDE RECOVERY SERVICES PURPOSE: FOR SCHOLORSHIPS | $24,304 |
RECOVERY CARE PARTNERS PURPOSE: FOR SCHOLORSHIPS | $7,250 |
CARON TREATMENT CENTER PURPOSE: FOR SCHOLORSHIPS | $138,376 |
HIGH WATCH RECOVERY PURPOSE: FOR SCHOLORSHIPS | $10,825 |
THE GUEST HOUSE PURPOSE: FOR SCHOLORSHIPS | $30,000 |