Odyssey INC FY2020 filing

Tax-deductible

Louisa, KY501(c)(3)Since 2007Mental HealthEIN 14-2002356Revenue $6.4M in FY2020

On file with the IRS125 S Main Cross St, 41230-1330 · Louisa, KYTax-exempt since Apr 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To provide a one-stop rehabilitation service for addicts, affected family and friends, the court system and the business community. Odyssey's mission is to provide chaplain and spiritual life support, peer to peer recovery, food services and overall life guidance to individuals overcoming addiction.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $339K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 0.4% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.1M
181% of total assets
Concern: liabilities are 181% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.4M
Spent
$9.0M
To programs
100%
Net assets
−$5.0M
By yearFY2020–FY2024
Revenue
$6.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$11.6M
FY2022$14.5M
FY2023$13.7M
FY2024$18.3M
Expenses
$9.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.0M
FY2021$10.4M
FY2022$14.1M
FY2023$15.1M
FY2024$17.6M
Net assets
−$5.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$5.0M
FY2021−$3.7M
FY2022−$3.3M
FY2023−$4.7M
FY2024−$4.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $9.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$35,089Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Eric Flener’s $200K as Exec. Director is at the 28th percentile of top reported officer pay among 746 $10–100M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021FY2020
Eric Flener$200,000——
Rick May—$33,017$35,089

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers comprehensive rehabilitation, spiritual support, and life guidance for individuals overcoming addiction and their families.

Provided by the organization

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1 program · $8.5M · in their own filed words · FY2020
01

Providing comprehensive substance abuse services and resources

$8.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$9K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.4M
Ln 12
Fees for servicesLn 2g$6.2M
Other incomeLn 4–11$162K
Money outPt IX
$9.0M
Ln 25
Programscol B$9.0M
Owns and owesPt X
−$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$386K
Total assetsLn 16$6.1M
LiabilitiesLn 26$11.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.2M
Other incomeLn 4–11$162K
Total revenueLn 12$6.4M
Assets in detailPt X, end of year
CashLn 1$386K
Cash and savings togetherLn 1–2$386K
Land, buildings, equipmentLn 10c$4.4M
Total assetsLn 16$6.1M
LiabilitiesLn 26$11.1M
Net assetsLn 32−$5.0M
OperationsPt I, VI
EmployeesI 542
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$384K$386K
Land, buildings, equipmentLn 10c$3.9M$4.4M
Total assetsLn 16$5.7M$6.1M
LiabilitiesLn 26$8.0M$11.1M
Net assetsLn 32−$2.3M−$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.2M$3.2M
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$285K$285K
Management feesLn 11a$3.4M$3.4M
Legal feesLn 11b$910$910
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$548$548
Information technologyLn 14$3K$3K
OccupancyLn 16$463K$463K
TravelLn 17$18K$18K
InterestLn 20$207K$207K
Depreciation, depletion and amortizationLn 22$220K$220K
InsuranceLn 23$119K$119K
Other expenses (24a–d)Ln 24$1.2M$1.2M
Total functional expensesLn 25$9.0M$9.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $18.3M$17.6M$742K−$4.0M 990 PDF
FY2023 $13.7M$15.1M−$1.5M−$4.7M 990 PDF
FY2022 $14.5M$14.1M$468K−$3.3M 990 PDF
FY2021 $11.6M$10.4M$1.2M−$3.7M 990 PDF
FY2020 Viewing $6.4M$9.0M−$2.7M−$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $6,385,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,755$0
I-9 Program service revenuePrior year $3,000,631$6,222,755
I-10 Investment incomePrior year −$300$0
I-11 Other revenuePrior year $508,642$162,396
I-12 Total revenuePrior year $3,536,728$6,385,151
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,385,629$3,471,914
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,757,843$5,575,757
I-18 Total expensesPrior year $8,143,472$9,047,671
I-19 Revenue less expensesPrior year −$4,606,744−$2,662,520
Part VI · Governance 0 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,385,151 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,222,755$6,222,755
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $162,396$162,396
VIII-12 Total revenueRelated to mission $6,385,151$6,385,151
Part IX · Statement of functional expenses $9,047,671 across 15 lines filed
IX-7 Other salaries and wagesPrograms $3,172,256$3,172,256
IX-9 Other employee benefitsPrograms $14,527$14,527
IX-10 Payroll taxesPrograms $285,131$285,131
IX-11a Management feesPrograms $3,376,831$3,376,831
IX-11b Legal feesPrograms $910$910
IX-11c Accounting feesPrograms $7,200$7,200
IX-11g Other fees for servicesPrograms $7,956$7,956
IX-12 Advertising and promotionPrograms $548$548
IX-14 Information technologyPrograms $2,942$2,942
IX-16 OccupancyPrograms $462,752$462,752
IX-17 TravelPrograms $17,733$17,733
IX-20 InterestPrograms $206,686$206,686
IX-22 Depreciation, depletion and amortizationPrograms $219,827$219,827
IX-23 InsurancePrograms $118,768$118,768
IX-24 Other expenses (24a–d)Programs $1,153,604$1,153,604
IX-25 Total functional expensesPrograms $9,047,671 · Management $0 · Fundraising $0$9,047,671
Part X · Balance sheet $6,098,958 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $384,434$386,302
X-4 Accounts receivableStart of year $1,356,849$1,288,480
X-10c Land, buildings and equipment, netStart of year $3,948,913$4,424,176
X-16 Total assetsStart of year $5,690,196$6,098,958
X-17 Accounts payable and accrued expensesStart of year $606,985$3,106,710
X-25 Other liabilitiesStart of year $7,379,263$7,950,820
X-26 Total liabilitiesStart of year $7,986,248$11,057,530
X-27 Net assets without donor restrictionsStart of year −$2,296,052−$4,958,572
X-32 Total net assets or fund balancesStart of year −$2,296,052−$4,958,572
X-33 Total liabilities and net assetsStart of year $5,690,196$6,098,958
Part XI · Reconciliation of net assets −$4,958,572 net assets at year end
XI-1 Total revenue$6,385,151
XI-2 Total expenses$9,047,671
XI-3 Revenue less expenses−$2,662,520
XI-4 Net assets at start of year−$2,296,052
XI-10 Net assets at end of year−$4,958,572

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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