Overview
What is Runway For Recovery Inc?
Runway For Recovery Inc, based in Newburyport, Massachusetts, is a compassionate nonprofit organization dedicated to supporting families affected by breast cancer. They expand their reach by offering grants to families in various stages of the disease, including those with stage IV and metastatic cancer, as well as those who have lost a caregiver. Their mission is to foster a sense of community and inspire hope, achieving this by hosting events and providing services that bring joy to survivors and honor legacies. Their programs, funded by grants, offer a continuum of support to families on their journey with breast cancer. In 2022, they significantly increased their funding, allocating $203,054 to their initiatives, reflecting their commitment to helping more families in need.
Official website here: www.runwayforrecovery.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Runway For Recovery Inc has received a rating of 54%, indicating significant concerns regarding its financial and operational transparency. While the organization boasts a fully independent board and has passed the audit of its financial statements without issues, it struggles with key accountability metrics. The lack of a conflict of interest policy, whistleblower policy, and document retention policy are notable gaps in governance.
Despite a relatively high program expense ratio of 57.87%, which suggests that a good portion of funds is directed towards its programs, the organization faces scrutiny due to a high liabilities-to-assets ratio of 158.06%. This raises questions about financial stability and the potential for long-term sustainability. Furthermore, the absence of the tax form on its website impedes donor confidence and transparency.
In summary, while Runway For Recovery Inc demonstrates some strengths in independent governance and financial accountability, significant weaknesses in policy frameworks and financial health warrant caution for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Runway For Recovery Inc?
100% of 11 reviewers on Facebook recommend Runway For Recovery Inc. Here’s what they are saying:
The overwhelming sentiment reflects a strong appreciation for the organization’s events, particularly highlighting the professionalism and class exhibited during gatherings. Many reviewers feel honored to participate in such well-organized events, signifying a positive atmosphere that encourages community involvement and support.
Overall, the reviews indicate that Runway For Recovery Inc successfully creates meaningful experiences for attendees, showcasing their commitment to their mission and leaving participants feeling uplifted and proud to be associated with the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Runway For Recovery Inc legitimate?
Runway For Recovery Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Runway For Recovery Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,739
For more financial information, click here
Official website here: www.runwayforrecovery.org
What is the mission statement of Runway For Recovery Inc?
Runway For Recovery Inc's mission is to offer a comprehensive support system for families navigating their journey with breast cancer. They achieve this by organizing events and providing services that foster a sense of community, bringing joy and hope to survivors, honoring legacies, and providing financial aid to families who have experienced loss. Their activities aim to create an environment where shared understanding can celebrate survivorship and commemorate lost caregivers. The organization has expanded its Family Grants Program to include families and patients in the advanced stage IV, metastatic phase of breast cancer, resulting in an increase in grant applications and the ability to assist more families.
Official website here: www.runwayforrecovery.org
Who is the CEO of Runway For Recovery Inc?
Olivia Achtmeyer Boger is the Chairman of Runway For Recovery Inc.
Official website here: www.runwayforrecovery.org
What is the revenue of Runway For Recovery Inc?
Runway For Recovery Inc's revenue in 2022 was $559,278.
Official website here: www.runwayforrecovery.org
Who are the executives of Runway For Recovery Inc and what are their salaries?
The average compensation at Runway For Recovery Inc during 2022 was $86,370. There are 2 employees at Runway For Recovery Inc.
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Official website here: www.runwayforrecovery.org
Where can I find the form 990 for Runway For Recovery Inc?
Runway For Recovery Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.runwayforrecovery.org
Learn more at the official website: www.runwayforrecovery.org
Mission Statement of Runway For Recovery Inc
Runway For Recovery Inc is an organization dedicated to supporting families navigating their journey with breast cancer. Their mission is to foster a sense of community by organizing events and providing services that bring joy and inspire hope. With a shared understanding, they celebrate survivors, honor the legacies of those who have lost their battle, and offer financial aid to families who have been affected by breast cancer-related losses. Through their expanded Family Grants Program, they now provide assistance to stage IV, metastatic families and patients, as well as families who have lost a caregiver to the disease. This expansion led to a 50% increase in grant applications, allowing Runway For Recovery Inc to support more families in need. In 2022, they allocated a significant amount of resources, amounting to 203,054 dollars, towards their programs.
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Impact
July, 2024
Runway for Recovery Inc's impact lies in providing families facing breast cancer with a continuum of support that fosters a sense of community, joy, and hope. By hosting events and offering services, the organization creates a space where survivors are celebrated, legacies are honored, and families who have experienced loss are supported. In a tangible demonstration of their commitment, Runway for Recovery expanded their family grants program to include stage IV metastatic families/patients and those who have lost a caregiver to breast cancer. This expansion led to a 50% increase in grant applications processed, enabling the organization to fund more families in need. In 2022, Runway for Recovery dedicated $203,054 to their programs, showcasing a significant increase from the previous year and highlighting their tangible impact in supporting individuals and families affected by breast cancer.
This information is meant to be a general summary of Runway For Recovery Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $763,777
Assets and Liabilities:
- Total Assets: $46,461
- Total Liabilities: $179,377
- Net Assets: -$132,916
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Organization Details
Founding Year
2011
Phone
(617) 413-7067Principal Officer
Olivia Achtmeyer Boger
Main Address
65 MIDDLE STREET, NEWBURYPORT, MA, 01950
Website
www.runwayforrecovery.orgNTEE Category
Code: P40 - Human services
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