Myers & Briggs Foundation Inc
- Assets
- $6.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 03/1989
- Data as of
- 12/2021
- EIN
- 59-2794573
Organization Overview
Myers & Briggs Foundation Inc is located in Gainesville, FL. The organization was established in 1989. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myers & Briggs 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 12/2021, Myers & Briggs Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $884.0k during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MYERS & BRIGGS FOUNDATION IS TO CONTINUE THE PIONEERING WORK OF KATHARINE COOK BRIGGS AND ISABEL BRIGGS MYERS IN THE FIELD OF PSYCHOLOGICAL TYPE, ESPECIALLY THE ETHICAL AND ACCURATE USE OF THE MYERS-BRIGGS TYPE INDICATOR INSTRUMENT. THESE GOALS ARE ACHIEVED THROUGH THE FOLLOWING METHODS:-EXTENDING THE BENEFITS OF PSYCHOLOGICAL TYPE THROUGHOUT THE WORLD-EXPANDING THE MBTI THEORY TO ENCOMPASS NEW UNDERSTANDING & RESEARCH-ENCOURAGING THE DEVELOPMENT AND USE OF TOOLS APPROPRIATE TO THE UNDERSTANDING OF PSYCHOLOGICAL TYPE AS A COMPLEX DYNAMIC SYSTEM-EDUCATING THROUGH THE DISSEMINATION OF APPLICABLE INFORMATION FOR THOSE WHO USE PSYCHOLOGICAL TYPE THROUGH TRAINING PROGRAMS, APPLICATION MATERIALS AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR THE CENTER FOR APPLICATIONS OF PSYCHOLOGICAL TYPE, INC. IN ALL AREAS OF ITS NOT-FOR-PROFIT MISSION BUT ESPECIALLY PERTAINING TO EDUCATIONAL TRAINING AND RESEARCH RELATED TO PSYCHOLOGICAL TYPE. THE ORGANIZATION MAINTAINS AN EDUCATIONAL/INFORMATIONAL WEBSITE AND ANSWERS QUESTIONS FROM THE PUBLIC ABOUT ETHICAL USE, RESEARCH OPPORTUNITIES, AND GENERAL INFORMATION ABOUT THE APPROPRIATE USE OF PSYCHOLOGICAL TYPE. IN 2021, APPROXIMATELY 211 EMAIL RESPONSES WERE SENT TO INDIVIDUALS WHO MADE SPECIFIC INQUIRIES. THE MYERS & BRIGGS FOUNDATION WEBSITE RECEIVED APPROXIMATELY 3,700,000 VISITS DURING THE 2021 CALENDAR YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naomi Quenk Secretary - Until 9/2021 | OfficerTrustee | 1 | $0 |
Hugh Heisler Vice Chair/director As Of 6/2021 | OfficerTrustee | 1 | $0 |
Elizabeth Styron Chairman- Resigned 5/2021 | OfficerTrustee | 4 | $0 |
C Michael Curry Treasurer - Resigned 3/2021 | OfficerTrustee | 1 | $0 |
Sondra Vansant Vice Chairman- As Of 6/2021 | OfficerTrustee | 1 | $0 |
Mark Enting Chairman | OfficerTrustee | 4 | $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 | $1,910,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,910,400 |
| Total Program Service Revenue | $0 |
| Investment income | $50,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,842 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $859,495 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,688 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,071 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,171 |
| All other expenses | $0 |
| Total functional expenses | $884,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,145,824 |
| Savings and temporary cash investments | $1,292,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,167,213 |
| Intangible assets | $0 |
| Other assets | $1,835 |
| Total assets | $6,607,422 |
| Accounts payable and accrued expenses | $45 |
| 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 | $45 |
| Net assets without donor restrictions | $6,607,377 |
| Net assets with donor restrictions | $0 |
| 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 | $6,607,422 |
Grants Awarded
Over the last fiscal year, Myers & Briggs Foundation Inc has awarded $387,083 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: EDUCATIONAL TRAINING AND RESEARCH RELATED TO PSYCHOLOGICAL TYPE | $277,083 |
Gainesville, FL PURPOSE: GRANT TO FUND ARCHIVE DIGITIZATION PROJECT | $110,000 |
Endowment Analysis
| Beg. Balance | $1,956,734 |
| Earnings | $377,863 |
| Admin Expense | $13,171 |
| Ending Balance | $2,347,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Public Policy Foundation Inc Atlanta, GA | $645,070 | $1,071,586 |
Myers & Briggs Foundation Inc Gainesville, FL | $6,607,422 | $1,982,316 |
Frank W Norris Foundation Athens, GA | $900,571 | $728,059 |
Caring Fields Felines Palm City, FL | $1,678,242 | $635,398 |
Georgia Council For Social Sciences Avondale Est, GA | $85,758 | $263,320 |
Florand Research Foundation Inc Gainesville, FL | $2,428,458 | $33,752 |
Perspectives Of Freedom Foundation Inc Pompano Beach, FL | $152,403 | $0 |
Destin 50 Beach Ultra Destin, FL | $76,180 | $0 |