The Foundation Of Hope For Research & Treatment Of Mental Illness
- Assets
- $8.3m
- Revenue
- $2.7m
- Investments
- $6.6m
- Employees
- 16
- Location
- Raleigh, NC
- Founding
- 08/1985
- Data as of
- 12/2022
- 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 12/2022, Foundation Of Hope For Research & Treatment Of Mental Illness employed 16 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 12/2022, Foundation Of Hope For Research & Treatment Of Mental Illness generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
2022
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. SARA FACCIDOMO "A NOVEL GLUTAMATERGIC MECHANISM FOR THE TREATMENT OF COCAINE AND OPIOID USE DISORDERS, AND CO-OCCURING ANXIETY"DR. HIROYUKI KATO "CIRCUIT-LEVEL INVESTIGATION OF GLOBAL HYPOCONNECTIVITY IN THE SENSORY NEOCORTEX OF A MOUSE MODEL FOR AUTISM"DR. A. LESLIE MORROW "BIOMARKERS OF SYSTEMIC INFLAMMATION IN ALCOHOL USE DISORDER"DR. JUAN CARLOS PRIETO "DATA DRIVEN BRAIN SHAPE ANALYSIS FRAMEWORK AND EXPLAINABLE AI"DR. DANIELLE SWALES "HORMONE FLUX AND THE EMERGENCE OF IRRITABILITY DURING PREGNANCY: INVESTIGATING THE TRAJECTORY AND NEUROBIOLOGICAL CORRELATES OF AN UNDERRECOGNIZED MOOD STATE"DR. MENGSEN ZHANG / DR. TOBIAS SCHWIPPEL "NETWORK NEUROSCIENCE OF A NOVEL BRIEF INTERNVENTION FOR STRESS AND DEPRESSION SYMPTOMS IN COLLEGE STUDENTS"DR. MARGO NATHAN "THE COMORBIDITY OF DEPRESSION AND CARDIOVASCULAR DISEASE IN MIDLIFE WOMEN: INVESTIGATING NOVEL BIOLOGICAL PATHWAYS OF RISK"DR. ROB MCCLURE "A PILOT STUDY OF PSILOCYBIN-ASSISTED THERAPY IN TREATMENT-RESISTANT DEPRESSION: ACUTE CHANGES, DURATION OF EFFECT AND PREDICTORS OF RESPONSE"DR. ELIZA PARK "A WEB-BASED INTERVENTION TO PROVE MENTAL HEALTH OUTCOMES AMONG NEWLY DIAGNOSED PARENTS WITH CANCER"DR. ANTHONY ZANNAS & DR. JOSE RODRIGUEZ-ROMAGUERA "A TRANSITIONAL APPROACH TO IDENTIFY BIOMARKERS OF COVID-19 RELATED SOCIAL STRESS IN HEALTHCARE WORKERS"
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.
THE FOUNDATION'S ANNUAL WALK FOR HOPE AND OTHER FUNDRAISERS RAISE FUNDS FOR MENTAL ILLNESS RESEARCH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Wesley Fox Chair | OfficerTrustee | 1 | $0 |
Michael Zarzar MD Vice-Chair | OfficerTrustee | 1 | $0 |
Elizabeth Skvarla Secretary | OfficerTrustee | 1 | $0 |
Jack Naftel MD Interim Treasurer | OfficerTrustee | 1 | $0 |
John Bischoff 12022-22022 Board Member | Trustee | 1 | $0 |
Dana Boole 72022-122022 Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,823,307 |
| Related organizations | $0 |
| Government grants | $49,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $928,287 |
| Noncash contributions included in lines 1a–1f | $213,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,801,104 |
| Total Program Service Revenue | $0 |
| Investment income | $112,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$83,091 |
| Net Income from Fundraising Events | -$125,653 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,733,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| Grants and other assistance to domestic individuals. | $420,617 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,731 |
| Compensation of current officers, directors, key employees. | $20,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,908 |
| Payroll taxes | $20,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,438 |
| Fees for services: Accounting | $20,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,503 |
| Fees for services: Other | $27,110 |
| Advertising and promotion | $4,685 |
| Office expenses | $29,294 |
| Information technology | $25,006 |
| 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 | $717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,603 |
| All other expenses | $4,282 |
| Total functional expenses | $1,298,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050,898 |
| Savings and temporary cash investments | $696,036 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,035 |
| 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 | $6,555,603 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,348,572 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,490,508 |
| Net assets with donor restrictions | $858,064 |
| 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 | $8,348,572 |
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 |
|---|---|
UNC PSYCHIATRY PEDIATRIC BEHAVIOR CLINIC 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 |
UNC HEALTH FOUNDATION 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 |