Chase Recovery Foundation EIN 45-5622166 Form 990 (PDF) Claim this org

Chase Recovery Foundation

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Rebuilds, repairs, and restores lives broken by addiction, supporting recovery. For fiscal year 2021 it reported $198K in revenue, $198K in expenses, and $793 in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Tacoma, WA
Website
www.chaserecovery.org
Filings
1 on file (2021–2021)
Revenue
$198KFY2021
Expenses
$198K
Net assets
$793
People
3
Filings
1
Updates
0
More identity details & actions ⌄
EIN  45-5622166 Public charity (501(c)(3)) Tacoma, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Rebuilds, repairs, and restores lives broken by addiction, supporting recovery.
Leadership
Money in and out
$198K revenue, $198K expenses
Bottom line
79% program efficiency
Where the money goes · FY2021
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$793
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $0
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$793
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$0
Total assetsPt X · Ln 16$793
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChase Recovery Foundation
EINHdr · item D45-5622166
Principal addressHdr · item CTacoma, WA
WebsiteHdr · item Jwww.chaserecovery.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F20)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $156K of program spending, described in the organization's own filed words · FY2021.
01

The organization endured significant COVID-related hardships. This resulted in revenue loss, however, the organization was able to continue operating five houses despite the difficulties faced during the year.

$156Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$198K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$156K
Management & general21%$42K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$793
Total assetsLn 16$793
Total liabilitiesLn 26$0
Total net assetsLn 32$793
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $793 · Operating expenses/yr $198K
0.0 months
Where the money goes
Program services
Program services $156K · Total expenses $198K
79%
Management & General
Management & general $42K · Total expenses $198K
21%
Fundraising
Fundraising $0 · Total expenses $198K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $198K
0%
Government reliance
Government grants — · Total revenue $198K
Earned-income share
Program service revenue $198K · Total revenue $198K
100%
Investment reliance
Investment income $0 · Total revenue $198K
0%
Program self-sufficiency
Program service revenue $198K · Total expenses $198K
100%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $793 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $198K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $793
Net-asset ratio
Net assets $793 · Total assets $793
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $793
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Howard Vaughn · Reported title CEO · Highest reported compensation $0 · Total expenses $198K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $198K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Legal fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$198K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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