Overview
What is The Synergy Foundation Inc?
The Synergy Foundation Inc, situated in Memphis, Tennessee, is a nonprofit organization dedicated to empowering individuals struggling with drug and alcohol addictions, as well as co-occurring disorders. Their primary mission is to provide a residential self-help program, offering an alternative to incarceration and treatment for those ready to make a change. By equipping them with the necessary tools, the foundation aims to help these individuals transform their lives and overcome their addictions. The organization, with a workforce of 35, operates with the goal of giving these individuals a second chance and supporting them on their journey towards recovery.
Official website here: www.synergytc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Synergy Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The high score is primarily due to the organization’s excellent performance in various financial metrics, including a 69.23% program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities.
The foundation has a fully independent board, which enhances its governance practices, earning it perfect scores in board independence and oversight. Additionally, the organization has established comprehensive policies, such as a conflict of interest policy and a whistleblower policy, which underscore its dedication to ethical operations.
While the foundation's financial health appears robust, it is important for potential donors to consider the overall impact of its programs. The rating primarily focuses on financial metrics and governance, so further exploration into specific program outcomes may be beneficial for a complete understanding of the foundation's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Synergy Foundation Inc legitimate?
The Synergy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Synergy 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $924,463
For more financial information, click here
Official website here: www.synergytc.org
What is the mission statement of The Synergy Foundation Inc?
The Synergy Foundation Inc's mission is to empower individuals struggling with drug and alcohol addictions, as well as co-occurring disorders, by equipping them with the necessary tools to transform their lives. This organization operates a residential self-help program, offering an alternative to incarceration and treatment for those individuals who are committed to change. The foundation's primary goal is to help these individuals overcome their addictions and lead fulfilling lives, free from the grip of substance abuse.
Official website here: www.synergytc.org
Who is the CEO of The Synergy Foundation Inc?
Kerleska Conerly is the Exec Director of The Synergy Foundation Inc.
Official website here: www.synergytc.org
What is the revenue of The Synergy Foundation Inc?
The Synergy Foundation Inc's revenue in 2023 was $1,772,162.
Official website here: www.synergytc.org
Who are the executives of The Synergy Foundation Inc and what are their salaries?
The average compensation at The Synergy Foundation Inc during 2023 was $26,413. There are 35 employees at The Synergy Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.synergytc.org
Where can I find the form 990 for The Synergy Foundation Inc?
The Synergy Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.synergytc.org
Learn more at the official website: www.synergytc.org
Mission Statement of The Synergy Foundation Inc
The Synergy Foundation Inc, a non-profit organization, is dedicated to empowering individuals struggling with drug and alcohol addictions, as well as co-occurring disorders. Their mission is to provide these individuals with the necessary tools to transform their lives for the better.
By offering a residential self-help program, The Synergy Foundation Inc offers an alternative to incarceration for those individuals who are ready and willing to change their lives for the better. This program is designed for individuals with problems related to drugs, alcohol, and crime, providing them with a chance to seek treatment and rehabilitation.
In essence, The Synergy Foundation Inc aims to help individuals struggling with addiction and related issues regain control of their lives, offering them a pathway towards a life free from the grip of addiction and crime.
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Impact
June, 2024
The Synergy Foundation Inc empowers individuals with drug and alcohol addictions and co-occurring disorders by providing a residential self-help program that offers an alternative to incarceration and treatment. Through their efforts, they are enabling individuals to transform their lives and offering a pathway to recovery and rehabilitation. The organization's work has a meaningful impact on mental health and substance abuse issues in the city of Memphis, TN.
This information is meant to be a general summary of The Synergy 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 2023.
- Investment Income: $2,060
- Program Service Revenue: $478,687
- Gross Receipts: $1,772,162
Assets and Liabilities:
- Total Assets: $3,888,141
- Total Liabilities: $94,828
- Net Assets: $3,793,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUB-CONTRACT SERVICES
Revenue
$477,700
BULK MAIL SERVICES
Revenue
$987
Organization Details
Founding Year
1989
Phone
(901) 332-2227Principal Officer
Kerleska Conerly
Main Address
2305 AIRPORT INTERCHANGE AVENUE, MEMPHIS, TN, 38132
Website
www.synergytc.orgNTEE Category
Code: F200 - Mental health
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