Refocus Inc
- Assets
- $12.7m
- Revenue
- $15.8m
- Investments
- $92.4k
- Employees
- 280
- Location
- Providence, RI
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 05-0394380
Organization Overview
Refocus Inc is located in Providence, RI. The organization was established in 1982. As of 12/2021, Refocus Inc employed 280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Refocus 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 12/2021, Refocus Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REFOCUS IS A HUMAN SERVICE AGENCY THAT SERVES ADULTS WITH DIFFERING PHYSICAL AND DEVELOPMENTAL NEEDS. WE ARE AN ORGANIZATION OF DEDICATED PEOPLE OFFERING OPPORTUNITIES FOR GROWTH IN A LOVING, TRUSTING, AND CHALLENGING ENVIRONMENT. WE VALUE AND ENCOURAGE THE ENHANCEMENT OF THE WHOLE PERSON, EACH WITH UNIQUE TALENTS AND STRENGTHS. WE ALSO VALUE THE RIGHT OF USING THESE GIFTS IN MAKING INFORMED LIFE CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 12 GROUP HOMES FOR APPROXIMATELY 55 INDIVIDUALS WHO ARE DEVELOPMENTALLY DISABLED.
OPERATION OF COMMUNITY BASED PROGRAMS FOR THE DEVELOPMENTALLY DISABLED.
OPERATION OF COMMUNITY DAY, EMPLOYMENT AND SHARED LIVING PROGRAMS FOR THE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Kavanagh President/executive Direct | OfficerTrustee | 40 | $169,758 |
Ellen Almeida Director Of Finance | Officer | 40 | $136,316 |
Julianne Derosier Associate Director | Officer | 40 | $114,181 |
Laura Doster Director Of Finance | Officer | 40 | $30,771 |
John Mccaughey Vice President | OfficerTrustee | 11 | $28,875 |
Marypat Murphy Treasurer | OfficerTrustee | 1 | $7,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chase Masonry Llc Repointing Construction | 12/30/21 | $233,592 |
Freedom Tech Inc It Services | 12/30/21 | $112,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,008 |
| Related organizations | $0 |
| Government grants | $804,555 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,096 |
| Noncash contributions included in lines 1a–1f | $21,821 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,659 |
| Total Program Service Revenue | $14,659,977 |
| Investment income | $65,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| Net Gain/Loss on Asset Sales | $5,374 |
| Net Income from Fundraising Events | $2,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,791,441 |
| 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. | $567,489 |
| Compensation of current officers, directors, key employees. | $500,496 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,185,668 |
| Pension plan accruals and contributions | $334,564 |
| Other employee benefits | $1,463,748 |
| Payroll taxes | $653,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,000 |
| Fees for services: Accounting | $55,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,123 |
| Fees for services: Other | $87,555 |
| Advertising and promotion | $5,747 |
| Office expenses | $104,369 |
| Information technology | $90,335 |
| Royalties | $0 |
| Occupancy | $243,440 |
| Travel | $131,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,566 |
| Interest | $2,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,007 |
| Insurance | $225,651 |
| All other expenses | $46,010 |
| Total functional expenses | $15,024,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,165,832 |
| Savings and temporary cash investments | $145,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,589,888 |
| 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 | $31,627 |
| Net Land, buildings, and equipment | $4,259,387 |
| Investments—publicly traded securities | $2,373,390 |
| Investments—other securities | $92,446 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,657,965 |
| Accounts payable and accrued expenses | $1,925,185 |
| Grants payable | $0 |
| Deferred revenue | $698,400 |
| 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 | $35,424 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,659,009 |
| Net assets without donor restrictions | $9,740,741 |
| Net assets with donor restrictions | $258,215 |
| 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 | $12,657,965 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Refocus Inc has recieved totaling $80,124.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: COMPLETING THE REPOINTING PROJECT AT 45 GREELEY STREET | $75,000 |
Mark And Donna Ross Family Foundation Warwick, RI PURPOSE: GENERAL PURPOSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abilis Inc Greenwich, CT | $15,787,242 | $27,221,520 |
Refocus Inc Providence, RI | $12,657,965 | $15,791,441 |
Reliance Health Inc Norwich, CT | $5,093,297 | $14,005,308 |
Newport County Community Mental Health Center Inc Middletown, RI | $4,640,257 | $13,986,361 |
Central Naugatuck Valley Help Incorporated Waterbury, CT | $974,128 | $4,402,652 |
Keystone House Inc Norwalk, CT | $1,760,341 | $2,848,625 |
Pathways Inc Greenwich, CT | $9,611,501 | $2,517,120 |
Bridgemark Inc Warwick, RI | $4,343,495 | $2,468,303 |
Parents Foundation For Transitional Living Inc New Haven, CT | $1,783,065 | $2,358,814 |
Domus Incorporated Westfield, MA | $7,172,325 | $936,305 |
Martin House Incorporated Norwich, CT | $1,082,867 | $1,342,139 |
Wellmet Project Inc Cambridge, MA | $1,790,667 | $753,911 |