Mental Wellness Foundation Inc
- Assets
- $24.8m
- Revenue
- $2.5m
- Investments
- $23.7m
- Employees
- 0
- Location
- Fulton, MD
- Founding
- 06/2002
- Data as of
- 06/2022
- EIN
- 52-2287352
Organization Overview
Mental Wellness Foundation Inc is located in Fulton, MD. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mental Wellness Foundation Inc 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 06/2022, Mental Wellness Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.1% each year . All expenses for the organization totaled $984.9k during the year ending 06/2022. While expenses have increased by 43.1% per year over the past 4 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
NONE NONE NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilfried Busse Director | 0.5 | $0 | |
Christine A Shreve Sec/treas | 0.5 | $0 | |
Barbara Bainum President/chair | 0.5 | $0 | |
Scott Renschler Director | 0.5 | $0 | |
Todd Renschler Director | 0.5 | $0 | |
Amanda Renschler Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,150,000 |
| Interest on Savings | $19,050 |
| Dividends & Interest | $237,439 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,584 |
| Capital Gain Net Income | $127,584 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,582 |
| Total Revenue | $2,531,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,826 |
| Total operating and administrative expenses | $54,933 |
| Contributions, gifts, grants paid | $930,000 |
| Total expenses and disbursements | $984,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,094,638 |
| 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 | $1,937,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,814,564 |
| 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 |
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