Institute For Mental Health & Wellness
- Assets
- $0.0
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Renton, WA
- Founding
- 02/2017
- Data as of
- 05/2023
- 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.
For the year ending 05/2023, Well Being Trust generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (45.2%) each year. All expenses for the organization totaled $2.7m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Well Being Trust has awarded 128 individual grants totaling $47,587,135. 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
2023
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 THEHEALTH OF OUR BODY AND SPIRIT. OUR GOAL IS TO SAVE LIVESFROM DEATHS OF DESPAIR AND TO INCREASE EQUITABLE WELL-BEINGFOR ALL. WE ARE COMMITTED TO IMPROVING SYSTEMS OF CARE,COVERAGE, AND COMMUNITY CONDITIONS AS ESSENTIAL TOADDRESSING THE MOST CRITICAL MENTAL HEALTH CHALLENGES FACINGAMERICA.WITH A BOLD MISSION, VISION AND OVERARCHING GOAL, WELL BEINGTRUST IS INVESTING IN APPROACHES THAT HAVE THE POTENTIAL TOMODEL THE WAY FORWARD AND ADVANCE CLINICAL, COMMUNITY ANDCULTURAL CHANGE TO TRANSFORM THE HEALTH OF THE NATION ANDIMPROVE WELL-BEING FOR EVERYONE.WE ARE COMMITTED TO THE FOLLOWING IMPACT STRATEGIES TOACCOMPLISH OUR GOAL:1. ALIGN THE NATION AROUND A CONSENSUS FRAMEWORK FOREXCELLENCE IN MENTAL HEALTH AND WELL-BEING.CONTINUED ON STATEMENT 11
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Santor Director | 0.5 | $0 | |
David Kim MD Director | 0.5 | $0 | |
Debra Canales Director | 0.5 | $0 | |
Dougal Hewitt Director | 0.5 | $0 | |
Erik Wexler Director | 0.5 | $0 | |
Jim Watson ESQ Director | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vermilion Inc | 12/30/22 | $249,399 |
Trust For Americas Health | 12/30/22 | $100,000 |
Active Minds Inc | 12/30/22 | $83,622 |
Lemonada Media Inc | 12/30/22 | $75,000 |
Pinkston Group Inc | 12/30/22 | $63,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,035,528 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $891,564 |
| Capital Gain Net Income | $891,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,932,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $103,800 |
| Depreciation | $0 |
| Occupancy | $51,856 |
| Travel, conferences, and meetings | $359 |
| Printing and publications | $0 |
| Other expenses | $2,237,126 |
| Total operating and administrative expenses | $2,696,165 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,696,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
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 |
|---|---|
ST JOSEPH HEALTH NORTHERN CALIFORNIA LLC PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $1,508,612 |
PROVIDENCE MEDICAL INSTITUTE PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $386,538 |
MISSION HOSPITAL REGIONAL MEDICAL CTR PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $629,508 |
PROVIDENCE HEALTH SYSTEM - SO CALIFORNIA PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $808,595 |
PROVIDENCE MEDICAL FOUNDATION PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $90,932 |
PROVIDENCE LITTLE COMPANY OF MARY FOUNDATION PURPOSE: COMMUNITY BENEFIT RESTRICTED GRANT | $196,385 |