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Nonprofiteer
← THE MENNINGER CLINIC FOUNDATION

Form 990 for tax year 2023

Filed by THE MENNINGER CLINIC FOUNDATION.

Totals

Total revenue
$5,329,995
Total expenses
$11,600,736
Contributions and grants received
$4,535,962
Grants paid
$9,904,522
Program service revenue
$0
Investment income
$794,033
Other revenue
$0
Total assets, end of year
$65,952,406
Total liabilities, end of year
$1,409,214
Net assets or fund balances, end of year
$64,543,192
Program services expenses (Part IX)
$9,904,522
Management and general expenses
$221,271
Fundraising expenses
$1,474,943
Program service expenses (Part III)
$9,904,522

Program services were 85.4% 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.

  • 1f · All other contributions, gifts and grants

    $4,535,962

  • 1g · Noncash contributions included above

    $14,941

  • 3 · Investment income

    total $2,207,809 · excluded $2,207,809

  • 7a · Gross sales of assets other than inventory

    securities $56,552,103

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

    securities $57,965,879

  • 7c · Gain or loss

    securities -$1,413,776

  • 7d · Net gain or loss

    total -$1,413,776 · excluded -$1,413,776

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,904,522 · program services $9,904,522

  • 11f · Fees: investment management

    total $212,959 · management and general $212,959

  • 24a · Other expenses: SALARIES AND EMPLOYEE B

    total $1,148,223 · fundraising $1,148,223

  • 24b · Other expenses: PURCHASED SERVICES ALLO

    total $292,459 · fundraising $292,459

  • 24c · Other expenses: SUPPLIES AND OTHER ALLO

    total $34,034 · fundraising $34,034

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $8,312 · management and general $8,312

  • 24e · All other expenses

    total $227 · fundraising $227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $701,588 · end of year $792,485

  • 2 · Savings and temporary cash investments

    beginning of year $6,231,386 · end of year $2,220,791

  • 3 · Pledges and grants receivable

    beginning of year $539,581 · end of year $34,176

  • 4 · Accounts receivable

    beginning of year $36,820

  • 12 · Investments: other securities

    beginning of year $58,658,656 · end of year $60,644,161

  • 15 · Other assets

    beginning of year $1,990,135 · end of year $2,260,793

  • 25 · Other liabilities

    beginning of year $4,899,108 · end of year $1,409,214

  • 27 · Net assets without donor restrictions

    beginning of year $18,835,914 · end of year $17,134,309

  • 28 · Net assets with donor restrictions

    beginning of year $44,423,144 · end of year $47,408,883

Mission and programs · 2023

Mission

THE MISSION OF THE FOUNDATION IS TO PROVIDE GRANTS TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.

  • THE FOUNDATION PROVIDES GRANTS TO PROMOTE MEDICAL SCIENCE THROUGH RESEARCH IN THE FIELD OF PSYCHIATRY AND ITS RELATED DISCIPLINES; TO PROVIDE FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; AND TO PROVIDE DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE FOR SUCH TREATMENT.

    Expenses $9,904,522 · Grants $9,904,522

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia Adkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elise N Banks-Lovely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy J Corbet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Milby Dow Dunn II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anette T Edens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elaine W Finger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David E K Frischkorn Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mandy J Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marjorie Bintliff Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • F Allen Lyons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Poppi Massey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Menninger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susie Peake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Douglas Richnow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Judson W Robinson III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lucy R Schimmel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Orgena L Singleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leo Van Den Thillart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nicole C West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael U Ellington Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Dodson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald P Cuenod Jr

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Armando Colombo

    PRESIDENT & CEO

    Total calculated
    $703,688
    From this org
    $0
    From related orgs
    $663,000
    Other
    $40,688
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $663,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,347 related
    Nontaxable benefits
    $0 + $24,341 related
    Filer's total
    $0 + $703,688 related

  • Gerald Noll

    VICE PRESIDENT & CFO

    Total calculated
    $319,072
    From this org
    $0
    From related orgs
    $272,250
    Other
    $46,822
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,613 related
    Nontaxable benefits
    $0 + $33,209 related
    Filer's total
    $0 + $319,072 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1B
THE MENNINGER CLINIC FOUNDATION DOES NOT ESTABLISH OR PAY THE COMPENSATION OF ANY INDIVIDUALS ALTHOUGH IT DOES REIMBURSE THE MENNINGER CLINIC FOR THE USE OF CERTAIN EMPLOYEES DEVOTED TO FOUNDATION OPERATIONS. THE MENNINGER CLINIC USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO. THE HUMAN RESOURCES DEPARTMENT COLLECTS COMPENSATION DATA FOR SIMILAR POSITIONS IN SIMILAR TYPE ORGANIZATIONS IN THE MARKET AREA. IN ADDITION, INDEPENDENT CONSULTANTS HAVE REVIEWED CORPORATE OFFICER COMPENSATION AND DETERMINED SUCH COMPENSATION TO BE FAIR. THIS INFORMATION IS REPORTED TO THE BOARD OF DIRECTORS, WHO MAKES THE FINAL DETERMINATION OF COMPENSATION FOR OFFICERS.
PART I, LINE 4B
ARMANDO COLOMBO - $17,993

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE MENNINGER CLINIC

    501(C)(3) · MENTAL HEALTH · TX

    Directly controlled by MENNINGER CLINIC MEMBERSHIP FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202422959349301337

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