The Foundation Of Hope For Research & Treatment Of Mental Illness
- Assets
- $8.0m
- Revenue
- $1.9m
- Investments
- $6.4m
- Employees
- 7
- Location
- Raleigh, NC
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 56-6246626
Organization Overview
The Foundation Of Hope For Research & Treatment Of Mental Illness is located in Raleigh, NC. The organization was established in 1985. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Foundation Of Hope For Research & Treatment Of Mental Illness employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Hope For Research & Treatment Of Mental Illness 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 12/2021, Foundation Of Hope For Research & Treatment Of Mental Illness generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation Of Hope For Research & Treatment Of Mental Illness has awarded 17 individual grants totaling $722,520. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONQUER MENTAL ILLNESS BY INVESTING IN GROUNDBREAKING SCIENTIFIC RESEARCH AND MENTAL HEALTH INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MENTAL HEALTH INITIATIVE GRANT WAS PROVIDED TO UNC PSYCHIATRY PEDIATRIC BEHAVIOR CLINIC. ALSO, RESEARCH GRANTS WERE PROVIDED TO UNC DEPARTMENT OF PSYCHIATRY FOR THE FOLLOWING STUDIES: DR. KAREN POULOS & DR. AMY URSANO "UNC PSYCHIATRY BEHAVIOR CLINIC"DR. BRENNA MADDOX "BIOBEHAVIORAL MARKERS OF SUICIDE RISK IN FEMALE ADOLESCENTS ON THE AUTISM SPECTRUM"DR. CAMDEN MATHERNE "CO-OCCURRENCE OF DISORDERS OF GUT-BRAIN INTERACTION AND FEEDING AND EATING DISORDERS IN ADOLESCENCE: PREVALENCE, COMPLICATIONS, AND CLINICAL MANAGEMENT"DR. ROB MCCLURE "A PILOT STUDY OF PSILOCYBIN-ASSISTED THERAPY IN TREATMENT-RESISTANT DEPRESSION: ACUTE CHANGES, DURATION OF EFFECT AND PREDICATORS OF RESPONSE"DR. JULIANNA PRIM "MONITORING AFFECTIVE STATE CHANGE WITH WEARABLE TECHNOLOGY: ASSESSING PHYSIOLOGICAL AND BEHAVIORAL MECHANISMS IN PREMENSTRUAL DYSPHORIC DISORDER"DR. JUSTIN RIDDLE "STRIATUM-TARGETED ANHEDONIA RAPID TREATMENT (START): A NOVEL TRANSCRANIAL MAGNETIC STIMULATION PARADIGM FOR TREATING SYMPTOMS OF ANHEDONIA IN DEPRESSION"DR. XIAOMING ZENG "DEVELOPING AND EVALUATING A COMPUTABLE PHENOTYPE FOR TREATMENT-RESISTANT SCHIZOPHRENIA"DR. ANTHONY ZANNAS & DR. JOSE RODRIGUEZ-ROMAGUERA "A TRANSITIONAL APPROACH TO IDENTIFY BIOMARKERS OF COVID-19 RELATED SOCIAL STRESS IN HEALTHCARE WORKERS"
THE FOUNDATIONS ANNUAL WALK FOR HOPE AND OTHER FUNDRAISERS RAISE FUNDS FOR MENTAL HEALTH RESEARCH AND GRANTS.
THE FOUNDATION OF HOPE CHILD AND ADOLESCENT ANXIETY AND MOOD DISORDERS PROGRAM (CHAAMP) IS INTENDED TO BE A CLINICAL RESEARCH PROGRAM THAT WILL OPERATE WITHIN THE DEPARTMENT OF PSYCHIATRY AT UNC-CHAPEL HILL. CHAAMP 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Eure Belk Executive Director | Officer | 40 | $79,250 |
Sarah Wesley Fox Chair | OfficerTrustee | 1 | $0 |
Elizabeth C Skvarla Secretary | OfficerTrustee | 1 | $0 |
Carolyn Eskridge 12021-062021 Treasurer | OfficerTrustee | 1 | $0 |
Jack Naftel MD Interim Treasurer | OfficerTrustee | 1 | $0 |
Michael Zarzar MD Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $812,864 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $699,325 |
| Noncash contributions included in lines 1a–1f | $197,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,512,189 |
| Total Program Service Revenue | $0 |
| Investment income | $123,730 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,705 |
| Net Income from Fundraising Events | $71,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,866,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,000 |
| Grants and other assistance to domestic individuals. | $293,970 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,950 |
| Compensation of current officers, directors, key employees. | $20,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,947 |
| Payroll taxes | $18,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,884 |
| Fees for services: Accounting | $20,742 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,420 |
| Fees for services: Other | $22,383 |
| Advertising and promotion | $26,427 |
| Office expenses | $36,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,800 |
| 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 | $305 |
| Total functional expenses | $1,147,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,383,338 |
| Savings and temporary cash investments | $216,348 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,172 |
| 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 | $6,401,009 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,015,867 |
| Accounts payable and accrued expenses | $0 |
| 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 | $49,510 |
| Other liabilities | $0 |
| Total liabilities | $49,510 |
| Net assets without donor restrictions | $7,921,019 |
| Net assets with donor restrictions | $45,338 |
| 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 | $8,015,867 |
Grants Awarded
Over the last fiscal year, The Foundation Of Hope For Research & Treatment Of Mental Illness has awarded $395,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: THE PROGRAM IS INTENDED TO CONDUCT CUTTING-EDGE TRANSLATIONAL RESEARCH TO ADVANCE UNDERSTANDING AND TREATMENT OF PEDIATRIC AND ADOLESCENT MOOD AND ANXIETY DISORDERS, IMPROVE OUTCOMES, AND ULTIMATELY INFORM INNOVATIONS IN CARE DELIVERY FOR THIS VULNERABLE POPULATION. | $375,000 |
Chapel Hill, NC PURPOSE: TO PROVIDE FUNDS FOR THE CLINIC'S CONTINUED MENTAL HEALTH SERVICES TO CHILDREN AND FAMILIES. FUNDS HELP SUPPORT A PSYCHOEDUCATIONAL CONSULTANT AND A CHILD PSYCHOLOGIST, PROVIDING DIAGNOSTIC EVALUATION AND TREATMENT FOR OUTPATIENT CLINIC CHILDREN. THE PSYCHOEDUCATIONAL CONSULTANT'S SERVES AS A LIAISON BETWEEN THE CLINIC AND THE PATIENT'S SCHOOL, GATHERING INFORMATION NECESSARY FOR DIAGNOSIS, SCHOOL PLACEMENT NEEDS AND MONITORING MEDICATION. | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The Foundation Of Hope For Research & Treatment Of Mental Illness has recieved totaling $333,024.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $273,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $26,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,238 |
Cahec Foundation Raleigh, NC PURPOSE: DISASTER RELIEF ASSISTANCE | $10,000 |
Community Affordable Housing Equity Corporation Raleigh, NC PURPOSE: 2021 EVENING OF HOPE GALA | $7,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $2,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Mental Health Fund Inc Hickory, NC | $8,635,144 | $9,285,181 |
Mental Health America Inc Alexandria, VA | $14,195,480 | $10,108,066 |
Tennessee Voices For Children Goodlettsville, TN | $7,791,891 | $6,497,196 |
American Psychiatric Nurses Association Falls Church, VA | $6,382,736 | $5,149,190 |
Rhea Of Sunshine Inc Dayton, TN | $2,010,279 | $3,199,208 |
Traime Behavioral Health Inc Atlanta, GA | $710,087 | $2,897,961 |
Mental Health Association Of Middle Tennessee Nashville, TN | $3,755,995 | $5,187,775 |
Treatment Advocacy Center Arlington, VA | $1,970,585 | $2,479,377 |
The Womens Initiative Charlottesville, VA | $1,529,066 | $2,116,717 |
Mental Health America Of South Carolina Columbia, SC | $6,122,956 | $1,962,057 |
Nami Georgia Inc Atlanta, GA | $1,333,558 | $1,703,467 |
Mental Health America Of Central Carolinas Inc Charlotte, NC | $1,322,957 | $1,228,674 |