Overview
What is Recovery Innovations Inc?
Recovery Innovations Inc, a nonprofit organization based in Eatontown, New Jersey, focuses primarily on educational activities and outpatient treatment for drug and alcohol abuse. With a dedicated team of 14 employees, they strive to offer assistance to individuals struggling with substance abuse, aiming to help them on their journey towards recovery. Their mission extends beyond providing treatment, as they also engage in educational initiatives to raise awareness and promote a healthier lifestyle.
Official website here: www.recoveryinnovations.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Recovery Innovations Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The score reflects a strong performance in various financial metrics, including a high program expense ratio of 77.94%, which suggests that a large portion of its resources is directed toward its programs rather than overhead costs.
The organization shows strengths in board governance, with a majority of independent board members and a well-sized board. Additionally, it scored perfectly in areas like financial audits and asset management, indicating sound financial practices. However, the absence of several key policies, such as a conflict of interest policy and a whistleblower policy, points to areas for improvement in governance and transparency.
While the financial indicators are largely positive, the lack of certain governance policies may raise concerns about the organization's commitment to best practices. Overall, Recovery Innovations Inc demonstrates a solid foundation, but addressing these limitations could enhance its operational integrity and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Recovery Innovations Inc legitimate?
Recovery Innovations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Recovery Innovations 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: $298,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,032
For more financial information, click here
Official website here: www.recoveryinnovations.com
What is the mission statement of Recovery Innovations Inc?
Recovery Innovations Inc is dedicated to carrying out educational activities and providing outpatient treatment for individuals struggling with drug and alcohol abuse. The organization's mission is focused on offering a holistic approach, aiming to help individuals overcome their substance use disorders and lead healthier, more fulfilling lives. Through their educational programs and treatment services, they strive to equip individuals with the knowledge and tools necessary for recovery and long-term sobriety.
Official website here: www.recoveryinnovations.com
Who is the CEO of Recovery Innovations Inc?
Keith Martinez is the President of Recovery Innovations Inc.
Official website here: www.recoveryinnovations.com
What is the revenue of Recovery Innovations Inc?
Recovery Innovations Inc's revenue in 2022 was $924,025.
Official website here: www.recoveryinnovations.com
Who are the executives of Recovery Innovations Inc and what are their salaries?
The average compensation at Recovery Innovations Inc during 2022 was $37,486. There are 14 employees at Recovery Innovations Inc.
Here are 6 key members and their salaries:
- Compensation: $179,900
- Related: $0
- Other: $12,042
- Compensation: $118,874
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.recoveryinnovations.com
Where can I find the form 990 for Recovery Innovations Inc?
Recovery Innovations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.recoveryinnovations.com
Learn more at the official website: www.recoveryinnovations.com
Mission Statement of Recovery Innovations Inc
Recovery Innovations Inc, a non-profit organization, is dedicated to combating drug and alcohol abuse through educational activities and outpatient treatment. Their primary mission is to provide a platform for learning and recovery, aiming to help individuals overcome their struggles with substance abuse. By offering outpatient treatment, Recovery Innovations Inc offers a flexible and accessible approach to recovery, allowing individuals to continue with their daily lives while receiving the necessary support and guidance. Through their educational activities, they aim to raise awareness and understanding about the challenges and consequences of drug and alcohol abuse, and to equip individuals with the tools and knowledge needed to maintain a substance-free lifestyle.
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Impact
June, 2024
Recovery Innovations Inc has a significant impact in the field of mental health, specifically in providing education and outpatient treatment for drug and alcohol abuse. Their efforts contribute to addressing substance abuse issues in the community and helping individuals overcome addiction. Through their educational activities and treatment programs, Recovery Innovations Inc plays a crucial role in promoting recovery and improving the well-being of those struggling with substance abuse. Their focus on mental health and addiction services underscores their dedication to supporting individuals on their journey towards sobriety and better mental health.
This information is meant to be a general summary of Recovery Innovations 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: $217
- Program Service Revenue: $887,274
- Gross Receipts: $924,025
Assets and Liabilities:
- Total Assets: $602,354
- Total Liabilities: $58,909
- Net Assets: $543,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID REIMBUREMENTS
Revenue
$519,898
FEDERAL AGREEMENTS
Revenue
$274,153
STATE AGREEMENTS
Revenue
$80,978
CLIENT FEES
Revenue
$12,245
Organization Details
Founding Year
2004
Phone
(732) 380-7061Principal Officer
Keith Martinez
Main Address
1 CORBETT WAY, EATONTOWN, NJ, 07724
Website
www.recoveryinnovations.comNTEE Category
Code: F99 - Mental health
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