Institute For Mental Health & Wellness
- Assets
- $128.8m
- Revenue
- $8.7m
- Investments
- $117.3m
- Employees
- 0
- Location
- Renton, WA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-4260130
Organization Overview
Institute For Mental Health & Wellness, operating under the name Well Being Trust, is located in Renton, WA. The organization was established in 2017. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, 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. Well Being Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Well Being Trust has awarded 159 individual grants totaling $60,753,521. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
INSTITUTE FOR MENTAL HEALTH & WELLNESS ("WELL BEING TRUST") IS A FOUNDATION DEDICATED TO ADVANCING THE MENTAL, SOCIAL, AND SPIRITUAL HEALTH FOR ALL.WE BELIEVE THE HEALTH OF OUR MIND IS INSEPARABLE FROM THE HEALTH OF OUR BODY AND SPIRIT. OUR GOAL IS TO SAVE LIVES FROM DEATHS OF DESPAIR AND TO INCREASE EQUITABLE WELL-BEING FOR ALL. WE ARE COMMITTED TO IMPROVING SYSTEMS OF CARE, COVERAGE, AND COMMUNITY CONDITIONS AS ESSENTIAL TO ADDRESSING THE MOST CRITICAL MENTAL HEALTH CHALLENGES FACING AMERICA.WITH A BOLD MISSION, VISION AND OVERARCHING GOAL, WELL BEING TRUST IS INVESTING IN APPROACHES THAT HAVE THE POTENTIAL TO MODEL THE WAY FORWARD AND ADVANCE CLINICAL, COMMUNITY AND CULTURAL CHANGE TO TRANSFORM THE HEALTH OF THE NATION AND IMPROVE WELL-BEING FOR EVERYONE.WE ARE COMMITTED TO THE FOLLOWING IMPACT STRATEGIES TO ACCOMPLISH OUR GOAL: 1. ALIGN THE NATION AROUND A CONSENSUS FRAMEWORK FOR EXCELLENCE IN MENTAL HEALTH AND WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod F Hochman MD President/chair | 0.5 | $0 | |
Joel Gilbertson Director | 0.5 | $0 | |
Debra Canales Director | 0.5 | $0 | |
Amy Compton-Phillips MD Director | 0.5 | $0 | |
Jim Watson ESQ Secretary | 0.5 | $0 | |
Jo Ann Escasa-Haigh Treasurer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Home Front Communications Llc | 12/30/21 | $224,489 |
Nobody Media Llc | 12/30/21 | $164,011 |
Civitas Public Affairs Group | 12/30/21 | $197,250 |
Active Minds Inc | 12/30/21 | $146,505 |
Pinkston Group Inc | 12/30/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,465,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,204,726 |
| Capital Gain Net Income | $7,204,726 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,725 |
| Total Revenue | $8,706,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,085 |
| Depreciation | $0 |
| Occupancy | $208,562 |
| Travel, conferences, and meetings | $42,473 |
| Printing and publications | $0 |
| Other expenses | $3,383,948 |
| Total operating and administrative expenses | $6,116,919 |
| Contributions, gifts, grants paid | $4,245,570 |
| Total expenses and disbursements | $10,362,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,221,518 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $117,282,584 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,215,031 |
| Total assets | $128,751,133 |
| Accounts payable and accrued expenses | $85,050 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,037,361 |
| Total liabilities | $19,122,411 |
Grants Awarded
Over the last fiscal year, Institute For Mental Health & Wellness has awarded $4,245,570 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Renton, WA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $1,508,612 |
Renton, WA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $808,595 |
Renton, WA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $629,508 |
Renton, WA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $386,538 |
Washington, DC PURPOSE: OPERATIONAL SUPPORT | $200,000 |
PROVIDENCE LITTLE COMPANY OF MARY FOUNDATION PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $196,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Institute For Mental Health & Wellness has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
National Foundation For The Ctrs For Disease Contr & Prevention Inc Atlanta, GA PURPOSE: EMERGENCY RESPONSE FUND-CORONAVIRUS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifeworks Nw Portland, OR | $92,908,796 | $53,219,937 |
Kitsap Mental Health Service Bremerton, WA | $57,560,085 | $58,338,707 |
Lifeways Inc Ontario, OR | $24,742,781 | $27,121,389 |
Perigee Fund Seattle, WA | $13,471,874 | $29,852,062 |
Cascade Community Healthcare Centralia, WA | $17,152,141 | $19,395,957 |
Klamath Child And Family Treatment Center Klamath Falls, OR | $52,718,101 | $35,830,015 |
Mat-Su Health Services Inc Wasilla, AK | $8,084,085 | $12,557,142 |
Core Health Longview, WA | $10,335,558 | $12,671,152 |
Institute For Mental Health & Wellness Renton, WA | $128,751,133 | $8,706,306 |
Community House Mental Health Agency Seattle, WA | $23,232,585 | $9,917,575 |
Clatsop Behavioral Healthcare Warrenton, OR | $6,184,427 | $10,791,242 |
Family Solutions Vancouver, WA | $6,356,222 | $7,016,159 |