Hopebound Mental Health
- Assets
- $277.0k
- Revenue
- $662.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 01/2020
- Data as of
- 12/2023
- EIN
- 84-4008940
Organization Overview
Hopebound Mental Health is located in Atlanta, GA. The organization was established in 2020. 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. As of 12/2023, Hopebound Mental Health employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopebound Mental Health 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 12/2023, Hopebound Mental Health generated $662.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $908.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPEBOUND PROVIDES ADOLESCENTS FROM MARGINALIZED COMMUNITIES WITH IN-PERSON OR VIDEO-BASED MENTAL HEALTH COUNSELING, FREE OF CHARGE OR AT LOW COST, PROVIDED BY SUPERVISED MENTAL HEALTH CLINICIAN INTERNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPEBOUND EXISTS TO ENSURE THAT EVERY YOUNG PERSON AGED 10-18, ESPECIALLY THOSE WITH MARGINALIZED IDENTITIES, HAS ACCESS TO THERAPY. OUR MISSION IS TWOFOLD: CARING FOR THE YOUTH OF TODAY WHILE TRAINING THE THERAPISTS OF TOMORROW. WE ARE COMMITTED TO PROVIDING HIGH-QUALITY MENTAL HEALTH CARE THAT IS RADICALLY INCLUSIVE AND NORM-DEFYING, CENTERING ON BIPOC, QUEER, AND LOW-INCOME COMMUNITIES. WE UTILIZE EMERGING MASTERS AND DOCTORAL LEVEL CLINICIANS AS OUR PROVIDERS, MANY OF WHOM SHARE THE BACKGROUND OF OUR YOUTH, AND FOCUS ON PROVIDING THEM WITH EXPERT TRAINING TO ENSURE THAT THE LOW COST OF THEIR SERVICES DOES NOT TRANSLATE TO A LOWER QUALITY OF CARE. TO DATE, WE HAVE PROVIDED NEARLY 4,000 INDIVIDUAL THERAPY SESSIONS TO YOUTH AT NO OR LOW-COST AND HAVE PROVIDED DOZENS OF GROUP THERAPY SESSIONS AND MENTAL HEALTH WORKSHOPS IN PARTNERSHIP WITH LOCAL COMMUNITY ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Guilbeau Executive Dir. | Trustee | 40 | $112,500 |
Terrill Mcfarland Executive Dir. | Trustee | 40 | $46,667 |
Richard Vance Director | Trustee | 1 | $0 |
Jared Leiderman Board Chair | OfficerTrustee | 1.5 | $0 |
Angela Howard Vice Chair, Sec | OfficerTrustee | 1.5 | $0 |
William Collins Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,887 |
| Total Program Service Revenue | $6,504 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $662,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,167 |
| Compensation of current officers, directors, key employees. | $63,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,429 |
| Payroll taxes | $37,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $283,415 |
| Advertising and promotion | $6,291 |
| Office expenses | $12,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,999 |
| Travel | $10,074 |
| 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 | $2,158 |
| Insurance | $4,588 |
| All other expenses | $7,564 |
| Total functional expenses | $908,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,650 |
| Savings and temporary cash investments | $128,616 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $5,000 |
| 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 | $3,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,375 |
| Total assets | $276,992 |
| Accounts payable and accrued expenses | $72 |
| 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 | $72 |
| Net assets without donor restrictions | $264,420 |
| Net assets with donor restrictions | $12,500 |
| 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 | $276,992 |