Spero Recovery Inc
- Assets
- $695.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Evergreen, CO
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 82-0872925
Organization Overview
Spero Recovery Inc, operating under the name Spero Recovery, is located in Evergreen, CO. The organization was established in 2017. As of 12/2022, Spero Recovery employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spero Recovery 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 12/2022, Spero Recovery generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 22.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A RECOVER COMMUNITY ORGANIZATION PROVIDING RECOVERY SERVICES INCLUDING RESIDENTIAL DRUG AND ALCOHOL RECOVERY PROGRAMS AND SOBER LIVING HOMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOBER LIVING HOMES FOR MEN AND WOMEN WITH SUD. INCLUDES ANCILLARY SERVICES SUCH AS THERAPY AND COMMUNITY EVENTS FOR THOSE IN RECOVERY.
RESIDENTIAL RECOVERY CENTER FOR MEN AND WOMEN WITH SUBSTANCE USE DISORDER. 30-90 DAY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Johnson Program Director Men's | OfficerTrustee | 40 | $65,540 |
Alex Exline Program Manager | Officer | 40 | $32,517 |
Tyler Hoover Program Manager Men's | Officer | 40 | $48,322 |
Jean Healey Director Of Finance | OfficerTrustee | 40 | $65,208 |
Matthew Louzon Clinical Director | OfficerTrustee | 20 | $24,537 |
Bret Rausch Program Coordinator | Officer | 40 | $47,708 |
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 | $546,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,324 |
| Total Program Service Revenue | $1,203,209 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,749,533 |
| 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. | $381,749 |
| Compensation of current officers, directors, key employees. | $113,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,211 |
| Payroll taxes | $106,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,532 |
| 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 | $42,241 |
| Office expenses | $4,210 |
| Information technology | $58,329 |
| Royalties | $0 |
| Occupancy | $503,416 |
| Travel | $7,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $49,821 |
| All other expenses | $0 |
| Total functional expenses | $1,684,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,534 |
| Savings and temporary cash investments | $1,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,275 |
| 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 | $0 |
| Net Land, buildings, and equipment | $412,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $143,628 |
| Other assets | $0 |
| Total assets | $695,228 |
| Accounts payable and accrued expenses | $18,679 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $378,139 |
| Other liabilities | $0 |
| Total liabilities | $396,818 |
| Net assets without donor restrictions | $0 |
| 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 | $298,410 |
| Total liabilities and net assets/fund balances | $695,228 |