The Foundation of Hope: Breakthrough Research for Mental Illness

aka Walk for Hope, Thad & Alice Eure Walk for Hope, Foundation of Hope, Foundation of Hope for Research and Treatment of Mental Illness   |   Raleigh, NC   |
GuideStar Charity Check


EIN: 56-6246626


We exist to conquer mental illness by investing in groundbreaking scientific research and mental health initiatives.

Ruling year info


Executive Director

Shelley Eure Belk

Main address

9401 Glenwood Ave

Raleigh, NC 27617 USA

Show more contact info



Subject area info

Mental health care

Mental and behavioral disorders

Population served info

Children and youth


People with psychosocial disabilities

NTEE code info

Mental Health Disorders (F70)

Fund Raising and/or Fund Distribution (F12)

Mental Health Association, Multipurpose (F80)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms


What we aim to solve

SOURCE: Self-reported by organization

Mental illnesses can be difficult to diagnose, both because they can emulate other illnesses and because their symptoms can be intangible, emotional and/or hard to describe. But they are as real as physical illnesses and, even with medication and therapy, typically last a lifetime. In truth, “mental illness” describes a spectrum of conditions that can affect each person differently, and that often have many overlapping traits between one illness and another. Currently, most can be managed with a combination of therapy and medication—and it is our great hope that, one day, advances in medicine will eradicate the worst symptoms of these diseases.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Thad & Alice Eure Walk for Hope

An annual charity walk and run that raises money for the research and treatment of mental illness. Over 3,000 participants annually, with 100% of walker contributions going to research

Population(s) Served

An annual charity wine dinner and auction benefiting The Foundation of Hope for Research & Treatment of Mental Illness.

Population(s) Served

CHAAMP is the first of its kind in NC and will operate within the UNC Department of Psychiatry. The Program will conduct cutting-edge translational research to revolutionize understanding and treatment of child and adolescent anxiety and mood disorders. Our goal is to create a state-of-the-art research program that expands our knowledge of the child and adolescent brain, creates new treatment protocols, and trains future generations of clinician-scientists. CHAAMP research will catalyze innovation and set the stage for future development of new research and researchers in this critical area.

Population(s) Served
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of research studies funded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth

Related Program

The Thad & Alice Eure Walk for Hope

Type of Metric

Output - describing our activities and reach

Direction of Success


Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Children and youth

Related Program

The Thad & Alice Eure Walk for Hope

Type of Metric

Output - describing our activities and reach

Direction of Success


Context Notes

We funded 8 seed research grants in 2022 for a total of $478,028, plus $400,000 to the CHAAMP research program for kids and teens. To date, we have funded over $7.4 million in seed research grants.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We seek to make a far-reaching impact in mental health, taking the support from the Triangle and extending it to become known as a leading champion of mental health research and community programs. We seek to educate our volunteers and donors on the impact of their involvement and have a more evident presence, in our own community and beyond. Within the next five years, we seek to become a multimillion-dollar foundation, through diversification of funding resources and expanding our donor base, with the ultimate goal of growing our impact on worthwhile research projects and community initiatives.

As mental illness research continues to see progress in terms of both treatment and awareness, The Foundation of Hope is committed to funding research veterans as well as promising young investigators who themselves will usher in a new generation of leaders.

The Foundation of Hope funds projects that focus on a variety of mental disorders, including but not limited to:

Alcoholism / Substance Use Disorder
Anxiety disorders
Bipolar disorder
Eating Disorders
Post-traumatic stress disorder
Women's Mood Disorders

The Foundation of Hope receives contributions through our special events (Walk for Hope and Evening of Hope), as well as from donors, grant-giving agencies, and patron contributions. We seek to fund at least 5 research projects yearly, with each research project ranging from about $35,000 to about $150,000. Investigators then take these seed grants and use their projects to apply for federal funding from the National Institute of Health and other national agencies. Through private contributions and grants, we have been able to succeed year after year in funding some of the nation's brightest scientists, many of whom are on the verge of groundbreaking research in the treatment of a variety of mental illnesses.

To date, we have funded over $7.4 million in seed research projects; these grants have in turn leveraged over $211 million in further funding from the NIH and other federal and private agencies. We would like to fund even more research projects, and we would like to fund more projects that are in mid-stage. The seed grant model that we use for investigators launches the careers of many young brilliant scientists; however, we are starting to turn a partial focus to seasoned investigators who have worked in their fields for many years. Projects by these individuals have been published nationally and internationally, and their findings are well known in their respective sub-fields. With an upswing in funding and continued annual growth, we believe we will be able to accomplish funding of this level in future years.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    Those individuals and families in our community and beyond who struggle with mental illnesses.

  • How is your organization collecting feedback from the people you serve?

    Electronic surveys (by email, tablet, etc.), Focus groups or interviews (by phone or in person), Constituent (client or resident, etc.) advisory committees,

  • How is your organization using feedback from the people you serve?

    To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve,

  • What significant change resulted from feedback?

    We created a donor recognition platform to give special thanks to our donors who go above and beyond for our mission. Through quarterly emails, website recognition, passes to events, and access to panels with the researchers, donors receive additional personal touches that encourage sustained giving.

  • With whom is the organization sharing feedback?

    The people we serve, Our staff, Our board,

  • How has asking for feedback from the people you serve changed your relationship?

    We created an Advisory Board of donors, supporters, and sponsors that give advice and help serve as ambassadors throughout the community. By asking for feedback and incorporating the ideas we receive not only from our Advisory Board but also from other supporters, we have adjusted events, created online fundraising campaigns, instituted special meetings with researchers, and more.

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded,

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, It is difficult to identify actionable feedback,


Fiscal year: Jan 01 - Dec 31
Financial documents
2021 Foundation of Hope Audited Financials 2021 2020 2020 Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020 info

SOURCE: IRS Form 990


Average of 14528.48 over 10 years

Months of cash in 2020 info

SOURCE: IRS Form 990


Average of 15.6 over 10 years

Fringe rate in 2020 info

SOURCE: IRS Form 990


Average of 10% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info


Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data


Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data


Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2016 2017 2018 2019 2020
Unrestricted surplus (deficit) before depreciation $182,510 -$27,293 $871,090 $258,532 $929,768
As % of expenses 20.2% -1.9% 74.8% 19.3% 104.4%
Unrestricted surplus (deficit) after depreciation $178,968 -$28,123 $870,396 $258,532 $929,768
As % of expenses 19.7% -2.0% 74.7% 19.3% 104.4%
Revenue composition info
Total revenue (unrestricted & restricted) $1,087,520 $1,411,107 $2,034,962 $1,600,093 $1,022,958
Total revenue, % change over prior year -32.1% 29.8% 44.2% -21.4% -36.1%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 9.8% 8.0% 6.4% 8.4% 11.6%
Government grants 0.0% 0.0% 0.0% 0.0% 3.9%
All other grants and contributions 106.4% 82.9% 62.2% 92.2% 90.4%
Other revenue -16.3% 9.1% 31.4% -0.6% -5.9%
Expense composition info
Total expenses before depreciation $905,010 $1,438,400 $1,163,872 $1,340,561 $890,808
Total expenses, % change over prior year -33.1% 58.9% -19.1% 15.2% -33.5%
Personnel 23.9% 18.3% 21.6% 18.3% 31.8%
Professional fees 5.0% 3.4% 4.0% 2.9% 7.3%
Occupancy 1.5% 0.9% 1.1% 1.0% 1.2%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 20.8% 47.5% 43.1% 50.5% 50.3%
All other expenses 48.8% 29.9% 30.2% 27.4% 9.4%
Full cost components (estimated) info 2016 2017 2018 2019 2020
Total expenses (after depreciation) $908,552 $1,439,230 $1,164,566 $1,340,561 $890,808
One month of savings $75,418 $119,867 $96,989 $111,713 $74,234
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $983,970 $1,559,097 $1,261,555 $1,452,274 $965,042

Capital structure indicators

Liquidity info 2016 2017 2018 2019 2020
Months of cash 13.5 6.4 8.3 8.1 14.3
Months of cash and investments 60.4 37.8 55.7 50.6 88.6
Months of estimated liquid unrestricted net assets 60.4 37.8 55.7 50.7 88.8
Balance sheet composition info 2016 2017 2018 2019 2020
Cash $1,014,807 $763,298 $809,375 $901,071 $1,058,622
Investments $3,541,730 $3,762,946 $4,591,269 $4,748,886 $5,517,992
Receivables $5,991 $5,446 $4,510 $12,362 $14,551
Gross land, buildings, equipment (LBE) $14,924 $14,924 $14,924 $35,465 $35,465
Accumulated depreciation (as a % of LBE) 89.8% 95.3% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 0.1% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $4,560,507 $4,532,384 $5,402,780 $5,661,312 $6,591,080
Temporarily restricted net assets $0 $0 $0 N/A N/A
Permanently restricted net assets $0 $0 $0 N/A N/A
Total restricted net assets $0 $0 $0 $1,000 $0
Total net assets $4,560,507 $4,532,384 $5,402,780 $5,662,312 $6,591,080

Key data checks

Key data checks info 2016 2017 2018 2019 2020
Material data errors No No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Executive Director

Shelley Eure Belk

Number of employees

Source: IRS Form 990


Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.


Board of directors
as of 03/01/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Sarah Wesley Fox

Smith Anderson Law Firm

Sarah Wesley Fox

Michael Zarzar

Albert Jackson Naftel

Liz Skvarla

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 3/1/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity


Sexual orientation


We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 06/07/2022

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.