Release Recovery Foundation Inc
- Assets
- $476.9k
- Revenue
- $812.9k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-2976778
Organization Overview
Release Recovery Foundation Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Release Recovery Foundation 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, Release Recovery Foundation Inc generated $812.9k in total revenue. All expenses for the organization totaled $387.2k during the year ending 12/2021.
Since 2021, Release Recovery Foundation Inc has awarded 12 individual grants totaling $574,438. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ASSISTANCE TO INDIVIDUALS SUFFERING FROM ADDICTION AND ALCOHOLISM AND TO THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT FOR THE TREATMENT OF ADDICTION AND MENTAL HEALTH RECOVERY AND SCHOLARSHIPS FOR MINORITIES, COLLEGE STUDENTS, WOMEN AND THE LGBTQ COMMUNITY.
PROVIDING SUPPORT FOR THE TREATMENT OF ADDICTION AND MENTAL HEALTH RECOVERY AND SCHOLARSHIPS FOR MINORITIES, COLLEGE STUDENTS, WOMEN AND THE LGBTQ COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rinkin President | OfficerTrustee | 3 | $0 |
Jeffrey Baum Treasurer | OfficerTrustee | 3 | $0 |
Eric Helper Secretary | OfficerTrustee | 3 | $0 |
Zac Clark Board Director | Trustee | 3 | $0 |
Justin Gurland Board Director | Trustee | 3 | $0 |
Dorothy Devlin Board Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,020 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $755,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $812,902 |
| Total Program Service Revenue | $0 |
| 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 | $812,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $302,619 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,767 |
| Advertising and promotion | $0 |
| Office expenses | $3,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,919 |
| All other expenses | $0 |
| Total functional expenses | $387,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $18,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,918 |
| Accounts payable and accrued expenses | $5,516 |
| Grants payable | $30,000 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,516 |
| Net assets without donor restrictions | $441,402 |
| 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 | $476,918 |
Grants Awarded
Over the last fiscal year, Release Recovery Foundation Inc has awarded $574,438 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Havre De Grace, MD PURPOSE: FOR SCHOLARSHIPS | $120,000 |
Boca Raton, FL PURPOSE: FOR SCHOLORSHIPS | $96,719 |
CARON PURPOSE: FOR SCHOLORSHIPS | $96,719 |
Havre De Grace, MD PURPOSE: FOR SCHOLARSHIPSFOR SCHOLORSHIPS | $90,000 |
CIRQUE LODGE PURPOSE: FOR SCHOLORSHIPS | $36,750 |
Orem, UT PURPOSE: FOR SCHOLORSHIPS | $36,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Release Recovery Foundation Inc has recieved totaling $19,512.
| Awarding Organization | Amount |
|---|---|
Sholl-Freede Family Foundation Seal Beach, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,262 |
Rita And Leo Greenland Family Foundation Norwalk, CT PURPOSE: UNRESTRICTED | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helio Health Inc Syracuse, NY | $72,770,323 | $84,614,502 |
Puerto Rican Orgnz To Motivate Enlighten & Serve Addicts Inc Bronx, NY | $96,919,355 | $79,584,077 |
Horizon House Rehabilitation Serv Inc Philadelphia, PA | $14,312,848 | $47,190,161 |
Northeast Treatment Centers Inc Philadelphia, PA | $32,576,263 | $43,098,585 |
The Connection Inc Middletown, CT | $7,357,877 | $41,021,166 |
Fortune Society Inc Long Island City, NY | $19,683,060 | $41,268,534 |
Vocational Instruction Project Community Services Inc Bronx, NY | $67,586,473 | $41,799,311 |
Palladia Inc New York, NY | $12,909,216 | $37,934,370 |
Rushford Center Inc Meriden, CT | $17,459,566 | $30,918,897 |
Gateway Rehabilitation Center Moon Township, PA | $23,829,344 | $31,864,968 |
Odyssey House Inc New York, NY | $54,299,421 | $30,044,456 |
Gosnold Inc Falmouth, MA | $11,214,398 | $30,130,611 |