The non-profit Road2Recovery Foundation wants
your complete confidence and trust, and thus we have created this page
to show supporters and donors of R2R what we do with the donations we’re
given. We are extremely careful with how we spend the dollars you entrust
in our care, and offer you an inside look at our financials for this year
and years past.
Below is our 12/31/2006 Income Statement that was used to create our
2006 Tax Return. In addition, if you would like to see copies of our 2005
and 2006 tax returns, they can be viewed on the below links in PDF form
(actual tax returns filed with the IRS are shown).
Income Statement - For Period Ending 12/31/2006
2006 Revenues Received
Direct Donations and Fundraisers Combined $344,648.00
2006 Charitable Giving
FCAMX $10,500.00
Steve Hudson $3,500.00
James Marshall $144,927.00
Ernesto Fonseca $25,690.57
Chris Ackerman $690.57
Jamie Brockman $100.00
Steffy Bau $2,500.00
David Bailey $3,270.57
Asterisk $1,000.00
Total 2006 Donations to Injured Riders $192,178.71*
2006 Expenses
Wages & Payroll Taxes $26,796.30
Other Operating Expenses* $17,076.43
Fundraising Expenses** $44,912.21
Total 2006 Operating Expenses $88,784.94
Note: Donation amounts differ from rider to rider due to some donations
being received for a specific rider rather than the general Road 2 Recovery
fund
* The Road2Recovery Foundation is a not-for-profit foundation. However,
as with any foundation or operating company, we have expenses beyond just
wages and taxes. Other operating expenses include internet web page hosting
costs, marketing materials, accounting costs, and other expenses considered
ordinary in operating a financial entity.
** Fundraising expenses are specifically the costs required to put on
fundraisers. For example, putting on a golf tournament requires paying
a golf course for the use of their facility, the costs of food and beverage,
and so forth. Each fundraiser, as with all charitable events, has costs
associated with that event… and Road2Recovery is no different.
2007 year to date, we are pleased to show that the Foundation has also
given the following additional donations…
James Marshall $4,760.68
Ernesto Fonseca $8,465.26
David Bailey $80.00
Nick DePalo $70,479.66
FCA $2,000.00
Aaron Baker $3,000.00
Doug Henry $27,849.31
2007 donations as of 7/15/07 $116,624.91
CLICK HERE TO SEE 2006
TAX RETURN (pdf file)
CLICK HERE TO SEE 2005
TAX RETURN (pdf file)
CLICK HERE
TO SEE 2004 TAX RETURN (pdf file)
If you would like to see any additional information from the Foundation,
please send your request to info@road2recovery.com and we will be happy
to help you.
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