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Breakaway Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411434835 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

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Overview

What is Breakaway Inc?

Breakaway Inc is a nonprofit organization, primarily based in Minneapolis, Minnesota, dedicated to assisting chronic alcoholics. Their mission encompasses providing a secure environment, living quarters, job placement, and counseling for the individuals they serve. Despite the unique focus on chronic alcoholics, the organization offers a comprehensive approach, prioritizing the well-being and rehabilitation of those affected. The organization, staffed by a single individual, strives to offer a supportive environment that fosters personal growth and self-sufficiency for its members. Although the information provided does not mention specific programs or initiatives beyond their core mission, it is clear that Breakaway Inc is committed to making a meaningful impact in the lives of those struggling with alcohol addiction.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

Breakaway Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas that require attention. The overall score of 73% reflects strong program expense management, with an impressive 98.16% of its expenses allocated towards programs. Additionally, the organization maintains a fully independent board, which is a positive indicator of governance.

However, the organization faces serious shortcomings in its accountability practices. Key policies, such as conflict of interest, whistleblower protection, and document retention, are missing, which raises concerns about transparency and organizational integrity. Furthermore, the nonprofit has not provided its website on its tax form or posted important documents online, such as its tax form, which could hinder stakeholder trust.

In summary, while Breakaway Inc excels in program spending and governance independence, it must prioritize enhancing its accountability framework to improve its overall standing and trustworthiness within the nonprofit sector. Addressing these deficiencies could lead to a better rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Breakaway Inc legitimate?

Breakaway Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Breakaway 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: $58,700

For more financial information, click here

What is the mission statement of Breakaway Inc?

Breakaway Inc's mission is centered around providing a secure environment for chronic alcoholics. This includes offering living quarters, job placement, and counseling services. The organization's primary goal is to help these individuals overcome their alcohol dependency and reintegrate into society. During the year, they were able to assist approximately 80 chronic alcoholics, providing them with shelter, counseling, and job placement services.

Who is the CEO of Breakaway Inc?

Michael P Hannon is the Mgr of Breakaway Inc.

What is the revenue of Breakaway Inc?

Breakaway Inc's revenue in 2023 was $250,961.

Who are the executives of Breakaway Inc and what are their salaries?

The average compensation at Breakaway Inc during 2023 was $58,700. There is 1 employee and 6 volunteers at Breakaway Inc.


Here are 4 key members and their salaries:


Chris Hannon (Mgr)
  • Compensation: $58,700
  • Related: $0
  • Other: $0
Gary Gray (Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Bame (Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael P Hannon (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Breakaway Inc?

Breakaway Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Breakaway Inc

Breakaway Inc, a nonprofit organization, is dedicated to providing a secure environment for chronic alcoholics. Their mission encompasses more than just a safe space; it includes offering living quarters, job placement, and counseling services. The organization aims to help these individuals overcome their addiction and reintegrate into society, thus promoting a more holistic approach to recovery. During the year, Breakaway Inc successfully provided shelter, counseling, and job placement for approximately 80 chronic alcoholics, demonstrating their commitment to making a significant impact in the lives of those struggling with alcoholism.

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Impact




June, 2024

Breakaway Inc has a significant impact on the lives of chronic alcoholics in Minneapolis, MN. They provide a secure environment, living quarters, job placement, and counseling services to help these individuals rebuild their lives. The program has successfully supported approximately 80 chronic alcoholics in the past year, offering shelter, guidance, and opportunities for a better future. Their focus on mental health and holistic support underscores their commitment to making a tangible difference in the lives of those struggling with alcoholism.




This information is meant to be a general summary of Breakaway 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.

Revenue
$250,961 (2023)
Expenses
$237,923 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $94
  • Program Service Revenue: $203,637
  • Gross Receipts: $250,961

Assets and Liabilities:

  • Total Assets: $182,668
  • Total Liabilities: $60,240
  • Net Assets: $122,428

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE

Revenue

$203,637

Organization Details

Founding Year

1982

Principal Officer

Michael P Hannon

Main Address

1911 PARK AVE S, Minneapolis, MN, 554042768

NTEE Category

Code: F22Z - Mental health

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