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Mcleod Addictive Disease Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581351529 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

Overview

What is Mcleod Addictive Disease Foundation Inc?

Mcleod Addictive Disease Foundation Inc, based in Charlotte, North Carolina, serves as a supporting entity for a tax-exempt organization. The Foundation owns and leases its buildings, equipment, and vehicles to the Mcleod Addictive Disease Center Inc, a related entity. The Center provides comprehensive services for individuals dealing with substance use disorders, offering treatment, behavioral health counseling, and educational programs. By doing so, the Foundation helps empower the Center to continue its mission of providing essential support for those struggling with addiction, fostering a path towards recovery and improved well-being.


Is Mcleod Addictive Disease Foundation Inc legitimate?

Mcleod Addictive Disease Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcleod Addictive Disease Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Mcleod Addictive Disease Foundation Inc?
Who is the CEO of Mcleod Addictive Disease Foundation Inc?
What is the revenue of Mcleod Addictive Disease Foundation Inc?
Who are the executives of Mcleod Addictive Disease Foundation Inc and what are their salaries?
Where can I find the form 990 for Mcleod Addictive Disease Foundation Inc?

Mission Statement of Mcleod Addictive Disease Foundation Inc

The Mcleod Addictive Disease Foundation Inc plays a pivotal role in the fight against substance use disorders by leasing its buildings, equipment, and vehicles to the Mcleod Addictive Disease Center Inc. This affiliated tax-exempt organization is dedicated to providing comprehensive treatment for substance use disorders, behavioral health counseling, and education programs. By providing essential assets, the Mcleod Addictive Disease Foundation Inc enables the Mcleod Addictive Disease Center Inc to deliver life-changing services to those struggling with addiction, offering them a pathway towards recovery and a improved quality of life. The Mcleod Addictive Disease Foundation Inc's mission is thus rooted in the altruistic pursuit of supporting those in need, fostering hope, and promoting healing.

Impact

This information is meant to be a general summary of Mcleod Addictive Disease Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Monday, June 17, 2024

The impact of Mcleod Addictive Disease Foundation Inc is significant in the realm of mental health. By owning and leasing its resources to the Mcleod Addictive Disease Center Inc, which provides substance use disorder treatment, behavioral health counseling, and education programs, the foundation plays a crucial role in supporting individuals struggling with addiction and related issues. Through this collaboration, the foundation indirectly contributes to improving the lives of those dealing with substance abuse and mental health challenges in Charlotte, NC, and beyond.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,582,429
  • Program Service Revenue: $0
  • Gross Receipts: $14,933,893

    • Assets and Liabilities:
  • Total Assets: $14,360,946
  • Total Liabilities: $496,275
  • Net Assets: $13,864,671
  • Organization Details

    Founding Year

    1970

    Principal Officer

    Mary Ward

    Main Address

    500 ARCHDALE DRIVE, CHARLOTTE, NC, 28217

    NTEE Category

    Code: F22Z - Mental health

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