Overview
What is Recovery Foundation Inc?
Recovery Foundation Inc, located in Madison, Wisconsin, is a dedicated nonprofit organization that focuses on providing financial aid to individuals battling substance abuse. With a mission to help those in need, the foundation offers essential resources for treatment, aiming to support individuals on their journey towards recovery. Based on the information provided, it seems that the foundation operates under the name 'Recovery Foundation' and is committed to making a positive impact in the community.
Official website here: www.recoveryfoundation.net
What are the reviews and ratings of this charity?
Charity Navigator rating: 1 Star (59%)
Recovery Foundation Inc has received a rating of 59%, equivalent to a One-Star out of Four Star rating, which indicates concerns regarding its accountability and financial practices. The essential aspects of its operations, such as the lack of independent board members and missing policies on conflict of interest and whistleblower protections, have contributed to this low score.
Despite these concerns, the organization demonstrates a strong commitment to its programs, with a program expense ratio of 90.39%, suggesting that a significant portion of its resources is directed towards its mission. Additionally, the charity maintains a good liabilities to assets ratio, indicating financial stability in that aspect.
However, the absence of independent oversight and critical governance policies raises red flags about the transparency and accountability of the organization. Potential donors may wish to consider these factors carefully before contributing to Recovery Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Recovery Foundation Inc legitimate?
Recovery Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Recovery Foundation 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.
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Official website here: www.recoveryfoundation.net
What is the mission statement of Recovery Foundation Inc?
The Recovery Foundation Inc is dedicated to helping individuals overcome substance abuse. By providing financial assistance, the organization aims to make treatment accessible for those in need, thereby aiding in their recovery process. Their mission is geared towards empowering these individuals to regain control of their lives and start anew. The Foundation's work focuses on bridging the financial gap that often prevents people from seeking help, thereby enabling them to focus on their recovery journey.
Official website here: www.recoveryfoundation.net
Who is the CEO of Recovery Foundation Inc?
Shawn Grover is the President of Recovery Foundation Inc.
Official website here: www.recoveryfoundation.net
What is the revenue of Recovery Foundation Inc?
Recovery Foundation Inc's revenue in 2022 was $213,315.
Official website here: www.recoveryfoundation.net
Who are the executives of Recovery Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.recoveryfoundation.net
Where can I find the form 990 for Recovery Foundation Inc?
Recovery Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.recoveryfoundation.net
Learn more at the official website: www.recoveryfoundation.net
Mission Statement of Recovery Foundation Inc
The Recovery Foundation Inc, a charitable organization, is dedicated to providing financial aid for individuals embarking on their journey towards substance abuse recovery. Its mission is to extend a helping hand to those in need, offering them the necessary financial support to seek treatment and reclaim their lives. By providing this crucial assistance, the Recovery Foundation Inc plays a significant role in empowering individuals to overcome their struggles with substance abuse and work towards a healthier, happier life.
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Impact
June, 2024
Recovery Foundation Inc's impact lies in providing crucial financial assistance to individuals seeking treatment for substance abuse in Madison, WI. By offering support to those in need, this organization plays a vital role in helping individuals access the resources necessary for their recovery journey. Through their mission to provide financial assistance for treatment, they contribute significantly to addressing mental health challenges and fostering a path to healing and recovery for those struggling with substance abuse.
This information is meant to be a general summary of Recovery Foundation 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.
- Investment Income: $310
- Gross Receipts: $213,315
Assets and Liabilities:
- Total Assets: $351,355
- Total Liabilities: $153
- Net Assets: $351,202
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Organization Details
Founding Year
2009
Phone
(608) 733-6600Principal Officer
Shawn Grover
Main Address
5005 UNIVERSITY AVE 100, MADISON, WI, 53703
Website
www.recoveryfoundation.netNTEE Category
Code: F20 - Mental health
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