Foster The Mind
- Assets
- $36.8k
- Revenue
- $211.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Burleson, TX
- Founding
- 04/2019
- Data as of
- 12/2022
- EIN
- 83-1899451
Organization Overview
Foster The Mind is located in Burleson, TX. The organization was established in 2019. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., 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. Foster The Mind 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, Foster The Mind generated $211.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.0% each year . All expenses for the organization totaled $212.0k during the year ending 12/2022. While expenses have increased by 51.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FTM PROVIDED 600 HOURS OF COUNSELING NEUROFEEDBACK TO CLIENTS WHO WERE UNABLE TO PAY OR COULD ONLY PAY A PORTION OF FEES DIRECT EXPENSES INCURRED WERE EEG AND LEARNING DISORDER CONSULTATIONS FOR TREATMENT PLANS
FTM PROVIDED CASE MANAGEMENT FOR 2 CLIENTS THAT INCLUDED COORDINATION OF THERAPEUTIC MUSIC LESSONS AND PSYCHIATRIC CARE DIRECT EXPENSES INCURRED WERE MUSIC LESSONS AND DOCTOR VISITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mikael Stanton President | 0 | $0 | |
Carolyn Self Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $192,183 |
| Total Revenue | $211,083 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $140,911 |
| Pension plans, employee benefits | $1,641 |
| Interest | $188 |
| Taxes | $11,558 |
| Depreciation | $10,321 |
| Occupancy | $3,523 |
| Travel, conferences, and meetings | $1,290 |
| Printing and publications | $0 |
| Other expenses | $34,991 |
| Total operating and administrative expenses | $211,955 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $211,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,335 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $16,762 |
| 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 | $15,724 |
| Other assets | $0 |
| Total assets | $36,821 |
| Accounts payable and accrued expenses | $20,755 |
| 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 | $20,755 |