Menninger Foundation
- Assets
- $5.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1941
- Data as of
- 06/2022
- EIN
- 48-0543752
Organization Overview
Menninger Foundation is located in Houston, TX. The organization was established in 1941. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menninger Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Menninger Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $257.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING MEDICAL SCIENCE AND ESPECIALLY THE DEVELOPMENT OF PSYCHIATRY AND ITS RELATED DISCIPLINES; PROVIDING OPPORTUNITIES FOR SCIENTISTS TO APPLY THEMSELVES TO RESEARCH IN THE PROBLEMS OF MEDICINE, PSYCHOLOGY, AND RELATED DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING MEDICAL SCIENCE AND ESPECIALLY THE DEVELOPMENT OF PSYCHIATRY AND ITS RELATED DISCIPLINES; PROVIDING OPPORTUNITIES FOR SCIENTISTS TO APPLY THEMSELVES TO RESEARCH IN THE PROBLEMS OF MEDICINE, PSYCHOLOGY, AND RELATED DISCIPLINES; PROVIDING FOR THE INSTRUCTION OF PHYSICIANS, NURSES, THERAPISTS, AND EDUCATORS IN A BROAD AND INTENSIVE UNDERSTANDING OF THE HUMAN PERSONALITY; PROVIDING DIAGNOSIS, TREATMENT, AND CARE OF PATIENTS, INCLUDING THOSE WHOSE FUNDS MAY NOT BE ADEQUATE; STUDYING THE CONDITIONS UNDER WHICH MENTAL ILLNESS IS FOSTERED AND THE MANNER IN WHICH THE PERSONALITY OF THE CHILD MAY BE IMPAIRED; STUDYING AND DEVELOPING THE APPLICATION OF PSYCHIATRY TO EDUCATION, INDUSTRY, PREVENTATIVE MEDICINE AND OTHER SOCIAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Walt Menninger Director | Trustee | 1 | $0 |
Joan Wagnon Director | Trustee | 1 | $0 |
Justice Eric Rosen Director | Trustee | 1 | $0 |
Larry Wolgast Director | Trustee | 1 | $0 |
Roy Menninger Chair | OfficerTrustee | 1 | $0 |
Armando E Colombo President & CEO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,305,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,305,494 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $262,859 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,568,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $83,000 |
| Fees for services: Legal | $170,453 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $257,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,042,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $327,768 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,150,540 |
| Total assets | $5,521,183 |
| Accounts payable and accrued expenses | $34,245 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,218,500 |
| Total liabilities | $38,252,745 |
| Net assets without donor restrictions | -$25,410,735 |
| Net assets with donor restrictions | -$7,320,827 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,521,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laureate Psychiatric Clinic And Hospital Inc Tulsa, OK | $57,136,306 | $49,430,959 |
Clarity Child Guidance Center San Antonio, TX | $41,932,131 | $30,632,766 |
Tulsa Psychiatric Center Inc Tulsa, OK | $142,351,047 | $14,778,748 |
Kids Counseling Inc Las Vegas, NM | $2,205,494 | $1,691,252 |
Menninger Foundation Houston, TX | $5,521,183 | $1,568,353 |
Volunteer Council For Terrell State Hospital Terrell, TX | $126,842 | $0 |
High Frontier Las Vegas, NM | $0 | $0 |
Intracare Hospital Houston, TX | $0 | $0 |
Menninger Clinic Of Kansas Inc Houston, TX | $0 | $0 |