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Recovery Ventures Corporation

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

EIN: 710875890 ✦ Black mountain, NC ✦ Designated as a 501(c)(3)

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Overview

What is Recovery Ventures Corporation?

Recovery Ventures Corporation is a nonprofit organization based in Black Mountain, North Carolina. With a team of 18 dedicated individuals, they strive to offer long-term residential treatment and aftercare for individuals struggling with chronic substance addictions. Their mission is to create a safe and healthy environment that fosters self-sufficiency, emotional growth, personal accountability, and the enhancement of personal values. Through this treatment, they aim to help individuals not only overcome their addictions but also transition towards a more fulfilling and independent life. Their services are designed to support the individuals in their journey towards recovery, promoting a sense of responsibility and growth.


Official website here: www.recoveryventurescorp.org

Is Recovery Ventures Corporation legitimate?

Recovery Ventures Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Recovery Ventures Corporation 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: $313,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $431,941

For more financial information, click here


Official website here: www.recoveryventurescorp.org

What is the mission statement of Recovery Ventures Corporation?

The Recovery Ventures Corporation is dedicated to offering long-term residential treatment and aftercare to individuals battling chronic substance addictions. This treatment is provided in a secure, healthy environment that fosters self-sufficiency, emotional growth, personal accountability, and the enhancement of personal values. The organization's primary goal is to help these individuals regain control of their lives and develop the skills needed to lead fulfilling, substance-free lives.


Official website here: www.recoveryventurescorp.org

Who is the CEO of Recovery Ventures Corporation?

Mike Fort is the Cfo of Recovery Ventures Corporation. The CEO's salary of Recovery Ventures Corporation is $126,368 and their total compensation is $126,368.


Official website here: www.recoveryventurescorp.org

What is the revenue of Recovery Ventures Corporation?

Recovery Ventures Corporation's revenue in 2023 was $2,472,445.


Official website here: www.recoveryventurescorp.org

Who are the executives of Recovery Ventures Corporation and what are their salaries?

The average compensation at Recovery Ventures Corporation during 2023 was $41,387. There are 18 employees at Recovery Ventures Corporation.


Here are 7 key members and their salaries (Recovery Ventures Corporation's CEO's salary is $126,368 and their total compensation is $126,368):


Cheryl Garvy (Cfo)
  • Compensation: $186,657
  • Related: $0
  • Other: $0
Mike Fort (Ceo/Ed)
  • Compensation: $126,368
  • Related: $0
  • Other: $0
Wendy Paben (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Sbrocco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Thornton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Sweede Md (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Stocks (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.recoveryventurescorp.org

Where can I find the form 990 for Recovery Ventures Corporation?

Recovery Ventures Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.recoveryventurescorp.org

Learn more at the official website: www.recoveryventurescorp.org

Mission Statement of Recovery Ventures Corporation

Recovery Ventures Corporation, a nonprofit organization, is dedicated to providing long-term residential treatment and after-care to individuals battling chronic substance addictions. Their mission is to create a safe and healthy environment that fosters self-sufficiency, emotional growth, personal accountability, and personal values enhancement. In this environment, individuals can focus on recovering from their addictions and rebuilding their lives. Through this comprehensive treatment program, Recovery Ventures Corporation aims to help over 130 associates overcome their substance abuse challenges, promoting a path towards recovery and self-sufficiency.

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Impact




June, 2024

Recovery Ventures Corporation has a significant impact on individuals suffering from chronic substance addictions by providing long-term residential treatment and aftercare services. Through this organization, over 130 associates have access to a safe and healthy environment that promotes self-sufficiency, emotional growth, personal accountability, and values enhancement. Their mission to offer comprehensive care and support for individuals struggling with substance abuse contributes positively to mental health outcomes in Black Mountain, NC, and beyond.




This information is meant to be a general summary of Recovery Ventures Corporation. 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
$2,472,445 (2023)
Expenses
$2,041,266 (2023)
Efficiency

Other financial information:

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

  • Investment Income: -$1,869
  • Program Service Revenue: $1,846,955
  • Gross Receipts: $2,506,387

Assets and Liabilities:

  • Total Assets: $3,086,430
  • Total Liabilities: $36,414
  • Net Assets: $3,050,016

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Programs

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

CONTRACT INCOME

Revenue

$1,721,800

ASSOCIATE HOUSING

Revenue

$98,993

ADMISSION FEES

Revenue

$26,162

Organization Details

Founding Year

2002

Principal Officer

Mike Fort

Main Address

PO BOX 452, BLACK MOUNTAIN, NC, 28711

NTEE Category

Code: F20 - Mental health

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