Overview
What is Maine Recovery Fund?
Maine Recovery Fund is a nonprofit organization situated at 494 Forest Avenue, Portland, Maine. Their primary mission is to uplift and offer comprehensive support services to individuals recovering from substance use disorders, as well as those re-entering society from incarceration, former military personnel encountering re-entry challenges, and new American residents. By providing dignified employment opportunities and comprehensive wraparound services, this organization aims to assist these individuals in overcoming their challenges and integrating back into society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The Maine Recovery Fund has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored 93% in its overall evaluation, with a notable Accountability & Finance score of 92% and a perfect Culture & Community score of 100%. This indicates a well-managed nonprofit that prioritizes transparency and effective financial practices, including an independent board and no material diversion of assets.
Strengths of the Maine Recovery Fund include its high program expense ratio of 87.59%, which signifies that a significant portion of its resources is directed towards its mission-related activities. Furthermore, the organization has demonstrated excellent practices in collecting and utilizing feedback from the community, ensuring that it effectively responds to the needs of those it serves. All board members are independent, reinforcing its governance structure.
However, there is a notable limitation regarding the absence of a whistleblower policy, which received a score of 0 out of 4 points. While this does not overshadow the organization's overall strong performance, it highlights an area for improvement to enhance its governance practices further. Overall, the Maine Recovery Fund stands out as a reliable nonprofit committed to its mission and responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Recovery Fund legitimate?
Maine Recovery Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Recovery Fund 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Maine Recovery Fund?
The Maine Recovery Fund's mission is centered around dignifying supportive employment and offering comprehensive services to individuals who are recovering from substance use disorders, as well as those re-entering from jail or prison, veterans facing re-entry challenges, and new Americans. Their goal is to provide a holistic approach, encompassing wraparound services, to help these individuals reintegrate into society and lead fulfilling lives.
Who is the CEO of Maine Recovery Fund?
Lucy Edwards is the Chair of Maine Recovery Fund.
What is the revenue of Maine Recovery Fund?
Maine Recovery Fund's revenue in 2021 was $486,476.
Who are the executives of Maine Recovery Fund and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $36,000
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Where can I find the form 990 for Maine Recovery Fund?
Maine Recovery Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Maine Recovery Fund
Maine Recovery Fund, a nonprofit organization, is dedicated to uplifting the employment prospects and offering comprehensive support services for individuals overcoming substance use disorder, ex-prisoners re-entering society, veterans facing re-entry challenges, and new immigrants. The organization's mission is to dignify these individuals by providing them with suitable employment opportunities and encompassing assistance. This holistic approach aims to cater to their unique needs, ensuring a smooth reintegration into society.
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Impact
July, 2024
Maine Recovery Fund's impact lies in providing dignified supportive employment and wraparound services for individuals facing challenges related to substance use disorder, re-entry from jail or prison, veterans facing re-entry obstacles, and new Americans. Through their mission, they aim to empower individuals in recovery and those facing re-entry obstacles to rebuild their lives and become valuable members of society. Their work in Portland, ME, directly contributes to the well-being and successful integration of these individuals into their communities.
This information is meant to be a general summary of Maine Recovery Fund. 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 2021.
- Investment Income: $14
- Gross Receipts: $486,476
Assets and Liabilities:
- Total Assets: $143,137
- Total Liabilities: $89,007
- Net Assets: $54,130
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Organization Details
Founding Year
2017
Phone
(207) 650-9179Principal Officer
Lucy Edwards
Main Address
494 Forest Avenue, Portland, ME, 04103
NTEE Category
Code: P20 - Human services
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