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Nonprofiteer
← THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS

Form 990 for tax year 2023

Filed by THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS.

Totals

Total revenue
$3,432,284
Total expenses
$1,773,181
Contributions and grants received
$2,463,955
Grants paid
$1,073,459
Program service revenue
$0
Investment income
$725,938
Other revenue
$242,391
Total assets, end of year
$10,239,100
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,239,100
Program services expenses (Part IX)
$1,490,378
Management and general expenses
$155,787
Fundraising expenses
$127,016
Program service expenses (Part III)
$1,490,378

Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,083,082

  • 1f · All other contributions, gifts and grants

    $1,380,873

  • 1g · Noncash contributions included above

    $341,761

  • 3 · Investment income

    total $173,105 · excluded $173,105

  • 7a · Gross sales of assets other than inventory

    securities $5,465,983

  • 7b · Less cost or other basis and sales expenses

    securities $4,913,150

  • 7c · Gain or loss

    securities $552,833

  • 7d · Net gain or loss

    total $552,833 · excluded $552,833

  • 8a · Fundraising events: gross income

    $981,740

  • 8a · Fundraising events: contributions included on line 1c

    $1,083,082

  • 8b · Fundraising events: direct expenses

    $762,969

  • 8c · Net income from fundraising events

    total $218,771 · excluded $218,771

  • 11a · Other revenue: BROCHURE/NEWSLETTER

    total $21,920 · related or exempt $21,920

  • 11b · Other revenue: SALES TAX ADJUSTMENT

    total $1,700 · excluded $1,700

  • 11e · Other revenue, total

    $23,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 2 · Grants to domestic individuals

    total $823,459 · program services $823,459

  • 5 · Compensation of officers, directors and key employees

    total $96,291 · program services $61,024 · management and general $18,332 · fundraising $16,935

  • 7 · Other salaries and wages

    total $221,117 · program services $140,132 · management and general $42,097 · fundraising $38,888

  • 9 · Other employee benefits

    total $25,805 · program services $16,354 · management and general $4,913 · fundraising $4,538

  • 10 · Payroll taxes

    total $23,784 · program services $15,007 · management and general $4,473 · fundraising $4,304

  • 11c · Fees: accounting

    total $18,241 · program services $7,253 · management and general $7,667 · fundraising $3,321

  • 11f · Fees: investment management

    total $28,667 · management and general $28,667

  • 11g · Fees: other

    total $67,975 · program services $48,495 · management and general $6,147 · fundraising $13,333

  • 12 · Advertising and promotion

    total $11,141 · program services $4,430 · management and general $4,683 · fundraising $2,028

  • 13 · Office expenses

    total $35,356 · program services $14,058 · management and general $14,861 · fundraising $6,437

  • 14 · Information technology

    total $26,139 · program services $10,393 · management and general $10,987 · fundraising $4,759

  • 16 · Occupancy

    total $12,500 · program services $4,167 · management and general $4,167 · fundraising $4,166

  • 19 · Conferences, conventions and meetings

    total $3,641 · program services $1,448 · management and general $1,530 · fundraising $663

  • 23 · Insurance

    total $14,364 · program services $5,711 · management and general $6,038 · fundraising $2,615

  • 24a · Other expenses: CAMPAIGN LAUNCH EXPENSE

    total $39,982 · program services $31,986 · fundraising $7,996

  • 24b · Other expenses: ANNUAL FUND SUPPORT FOR

    total $30,580 · program services $23,108 · management and general $501 · fundraising $6,971

  • 24e · All other expenses

    total $44,139 · program services $33,353 · management and general $724 · fundraising $10,062

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,050,898 · end of year $688,006

  • 2 · Savings and temporary cash investments

    beginning of year $696,036 · end of year $909,878

  • 4 · Accounts receivable

    beginning of year $46,035 · end of year $14,898

  • 10a · Land, buildings and equipment: cost or other basis

    $35,465

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,465

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $6,555,603 · end of year $8,626,318

  • 27 · Net assets without donor restrictions

    beginning of year $7,490,508 · end of year $8,577,474

  • 28 · Net assets with donor restrictions

    beginning of year $858,064 · end of year $1,661,626

Mission and programs · 2023

Mission

TO CONQUER MENTAL ILLNESS BY INVESTING IN GROUNDBREAKING SCIENTIFIC RESEARCH AND MENTAL HEALTH INITIATIVES.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $624,459 · Grants $624,459

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $449,000 · Grants $449,000

  • THE FOUNDATION'S ANNUAL WALK FOR HOPE AND OTHER FUNDRAISERS RAISE FUNDS FOR MENTAL ILLNESS RESEARCH GRANTS.

    Expenses $416,919 · Revenue $21,920

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • SARAH WESLEY FOX

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ZARZAR MD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH SKVARLA

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JACK NAFTEL MD

    INTERIM TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DANA BOOLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY CANTANDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR B CASH JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASA CORDLE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JODY DARDEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TANYA DOEBLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SYLVIA HACKET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EASTER MAYNARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HILDA PINNIX-RAGLAND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY QUIRK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID RUBINOW MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRAD SEARS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF STOCKS

    BOARD MEMBER (TO JUNE '23)

    Total calculated
    $0
    Hours/week
    1

  • STEVE THANHAUSER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARION WINSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY EURE BELK

    EXECUTIVE DIRECTOR

    Total calculated
    $96,291
    From this org
    $84,491
    From related orgs
    $0
    Other
    $11,800
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • UNC HEALTH FOUNDATION

    $250,000

    RESEARCH GRANT PROVIDED TO UNC DEPARTMENT OF PSYCHIATRY FOR THE FOUNDATION OF HOPE CHILD AND ADOLESCENT ANXIETY AND MOOD DISORDERS PROGRAM (CHAAMP) WHICH IS INTENDED TO BE A CLINICAL RESEARCH PROGRAM THAT WILL CONDUCT CUTTING-EDGE TRANSLATIONAL RESEARCH TO ADVANCE UNDERSTANDING AND TREATMENT OF CHILD AND ADOLESCENT ANXIETY AND MOOD DISORDERS, LEAD OUTCOME IMPROVEMENTS, AND ADDRESS CARE DELIVERY FOR VULNERABLE CHILDREN.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349314321

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