Civic Intelligence

Rocknrecovery Inc

EIN 47-4513941 • 501(c)3 • Woodbridge, NJ

Profile

To provide short term assistance resources to music professionals in times of need.

91 Willry StreetWoodbridge, NJ 07095

www.rocknrecoveryfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P60 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE P60 • <$500k nonprofits • Source year 2023

Net Margin

15th percentile

-20%

Higher net margin than 15% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE P60 • <$500k nonprofits • Source year 2023

Asset Growth

18th percentile

-32%

Faster asset growth than 18% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-80%

Faster revenue growth than 8% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$5,817

Down $2,679 (-32%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$5,817

Down $2,679 (-32%) from 2022

Operations
Liabilities / Revenue75th percentileNet Margin15th percentile

Revenue

Down

$13,562

Down $53,502 (-80%) from 2022

Expenses

Down

$16,241

Down $46,550 (-74%) from 2022

Net Income

Down

-$2,679

Down $6,952 (-163%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0Assets 2021: $4,223Liabilities 2021: $0Net Assets 2021: $4,2232021Assets 2022: $8,496Liabilities 2022: $0Net Assets 2022: $8,4962022Assets 2023: $5,817Liabilities 2023: $0Net Assets 2023: $5,8172023

Highlighted filing

2023

Assets$5,817
Liabilities$0
Net Assets$5,817
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2021: $165,526Expenses 2021: $177,154Net Income 2021: -$11,6282021Revenue 2022: $67,064Expenses 2022: $62,791Net Income 2022: $4,2732022Revenue 2023: $13,562Expenses 2023: $16,241Net Income 2023: -$2,6792023

Highlighted filing

2023

Revenue$13,562
Expenses$16,241
Net Income-$2,679
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,817
Liabilities
$0
Net assets
$5,817
Revenue
$13,562
Expenses
$16,241
Net income
-$2,679
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.14$0.16$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.67$0.63$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$1.66$1.77$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2024
Return Version
2023v5.1
Gross Receipts
$13,562
Mission and Program Overview

Mission

To provide short term assistance resources to music professionals in times of need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,496$5,817▼ $2,679
Rtn Earn Endowment Incm Other Fnds$8,496$5,817▼ $2,679
Total Assets$8,496$5,817▼ $2,679
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,496$5,817▼ $2,679
Total Liabilities and Net Assets / Fund Balance$8,496$5,817▼ $2,679
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Geri FasanoPresident
Melody MageraTreasurer/acting Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,288
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$12,274
All Other Contributions
$1,288
Change in Net Assets
$-2,679
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,886
Grants and Similar Amounts Paid$6,355
Total Fundraising Expense$1,562
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$6,355--$6,355
Other Expenses$4,929--$4,929
Office Expenses$2,230-$1,562$3,792
All Other Expenses$125--$125
Total Functional Expenses$14,679$0$1,562$16,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,274
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

“The form is reviewed by the officers prior to filing. It can be reviewed by others upon request.”

Form 990, Part VI, Section C, Line 18

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Rocknrecovery Inc
EIN
47-4513941
In Care Of
% GERI FASANO
Phone
7323061072
Address
91 WILLRY STREET, WOODBRIDGE, NJ 07095

Signing Officer

Name
Geri Fasano
Title
President
Phone
7323061072
Signed
2024-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geri Fasano
Formed
2015
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Maria Bucsanszky Ea - Tax & Bookkeeping Services
Address
109 GREEN STREET PO BOX 884, WOODBRIDGE, NJ 07095
Preparer
Maria Bucsanszky
Phone
7322185973
Raw XML Appendix289 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/ReturnTs02024-08-21T12:35:37-00:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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