Daymark Recovery Services Inc
- Assets
- $59.7m
- Revenue
- $97.8m
- Investments
- $0.0
- Employees
- 1,208
- Location
- Salisbury, NC
- Founding
- 06/2005
- Data as of
- 06/2024
- EIN
- 02-0707661
Organization Overview
Daymark Recovery Services Inc is located in Salisbury, NC. The organization was established in 2005. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2024, Daymark Recovery Services Inc employed 1,208 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daymark Recovery Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Daymark Recovery Services Inc generated $97.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $86.9m during the year ending 06/2024. While expenses have increased by 6.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MENTAL HEALTH, AND SUBSTANCE ABUSE SERVICES FOR PEOPLE SUFFERING FROM THOSE DISABILITIES IN CENTRAL NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DIRECT BEHAVORIAL HEALTHCARE & SUBSTANCE ABUSE SERVICES TO THE CITIZENS OF 28 COUNTIES IN CENTRAL NORTH CAROLINA. SERVICES INCLUDE OUTPATIENT & FAMILY COUNSELING, MEDICAL PSYCHIATRIC SERVICES & EMERGENCY ASSESSMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Wilson Board Of Directors | Trustee | 1 | $0 |
Dr Laura Veach Board Chair | Trustee | 1 | $0 |
Diamond Staton-Williams Vice Chair | Trustee | 1 | $0 |
Holly Baker Board Of Directors | Trustee | 1 | $0 |
John M Duncan Board Of Directors | Trustee | 1 | $0 |
David Wagner Board Of Directors | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mary E Froelich Md Md | 6/29/24 | $317,190 |
Boovy Np Llctboovy Md | 6/29/24 | $224,023 |
Roger Laverne Holt Md | 6/29/24 | $172,128 |
William R Lay Iii Md Md | 6/29/24 | $239,850 |
Amer Qureshi Md Md | 6/29/24 | $159,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $97,179,774 |
| Investment income | $289,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,400 |
| Net Gain/Loss on Asset Sales | $295,818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,779,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,178,205 |
| Compensation of current officers, directors, key employees. | $4,744,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $359,000 |
| Other employee benefits | $6,289,850 |
| Payroll taxes | $3,740,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,183 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $395,839 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439,925 |
| Insurance | $817,432 |
| All other expenses | $9,433,992 |
| Total functional expenses | $86,948,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,893,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,308,138 |
| Accounts receivable, net | $6,038,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $302,358 |
| Net Land, buildings, and equipment | $4,623,663 |
| Investments—publicly traded securities | $11,347,192 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,828,285 |
| Other assets | $403,082 |
| Total assets | $59,744,255 |
| Accounts payable and accrued expenses | $7,355,840 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,088,108 |
| Unsecured mortgages and notes payable | $3,856,274 |
| Other liabilities | $0 |
| Total liabilities | $12,300,222 |
| Net assets without donor restrictions | $47,444,033 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,744,255 |