THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
The Foundation of Hope: Breakthrough Research for Mental Illness
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
EIN: 56-6246626
Mission
We exist to conquer mental illness by investing in groundbreaking scientific research and mental health initiatives.
Ruling year
1985
Executive Director
Shelley Eure Belk
Main address
9401 Glenwood Ave
Raleigh, NC 27617 USA
EIN
56-6246626
Mental health care
Mental and behavioral disorders
Population served
Children and youth
Adults
People with psychosocial disabilities
NTEE code
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
Communication
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
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
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
The Evening of Hope
An annual charity wine dinner and auction benefiting The Foundation of Hope for Research & Treatment of Mental Illness.
FOH Child and Adolescent Anxiety and Mood Disorders Program (CHAAMP)
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.
Where we work
External reviews
Videos
Our results
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
Increasing
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
Increasing
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
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
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
Autism
Bipolar disorder
Depression
Eating Disorders
Post-traumatic stress disorder
Schizophrenia
Women's Mood Disorders
What are the organization's capabilities for doing this?
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.
What have they accomplished so far and what's next?
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
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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Who are the people you serve with your mission?
Those individuals and families in our community and beyond who struggle with mental illnesses.
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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,
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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,
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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.
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With whom is the organization sharing feedback?
The people we serve, Our staff, Our board,
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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.
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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,
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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,
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
12625.56
Months of cash in 2020 info
14.3
Fringe rate in 2020 info
19%
Funding sources info
Assets & liabilities info
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Balance sheetFiscal 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.
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Financial trends analysis Glossary & formula definitionsFiscal 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.
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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 |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Shelley Eure Belk
Number of employees
Source: IRS Form 990
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Board of directorsas of 03/01/2023
Board of directors data
Sarah Wesley Fox
Smith Anderson Law Firm
Sarah Wesley Fox
Michael Zarzar
Albert Jackson Naftel
Liz Skvarla
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
Equity strategies
Last updated: 06/07/2022GuideStar 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.
- 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.
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- Letter of Determination
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