Telos Project
- Assets
- $3.8m
- Revenue
- $1.8m
- Investments
- $68.9k
- Employees
- 24
- Location
- Fort Worth, TX
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2585335
Organization Overview
Telos Project is located in Fort Worth, TX. The organization was established in 2016. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Telos Project employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Telos Project 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, Telos Project generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 63.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 70.1% per year over the past 5 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 TELOS PROJECT IS A NON PROFIT PUBLIC BENEFIT CORPORATION WHOSE ONGOING AIM IS REMOVING BARRIERS TO THERAPEUTIC, MENTAL HEALTH AND COMMUNITY SERVICES IN THE STATE OF TEXAS. OUR ULTIMATE OBJECTIVE IS TO REDUCE INDIVIDUAL PSYCHOLOGICAL TURMOIL AND EMPOWER THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TELOS PROJECT PROVIDES INDIVIDUAL, PLAY, COUPLES, AND FAMILY THERAPY AS WELL AS PSYCHOLOGICAL, NEUROPSYCHOLOGICAL, AND PSYCHOEDUCATIONAL ASSESSMENT TO PEOPLE OF ALL RACES, CREEDS, COLORS, RELIGIONS, AND SOCIAL ECONOMIC STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Bean Executive Director & Brd P | OfficerTrustee | 40 | $109,526 |
Carol Bean Secretary & Vice President | OfficerTrustee | 40 | $106,923 |
Alexandra Marks Treasurer | OfficerTrustee | 5 | $106,412 |
Nicole Keehn Director | Trustee | 5 | $0 |
Megan Paris Director | Trustee | 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 | $125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125 |
| Total Program Service Revenue | $1,796,198 |
| Investment income | $4,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,272 |
| 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 | $1,791,825 |
| 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. | $322,861 |
| Compensation of current officers, directors, key employees. | $129,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $788,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $240,323 |
| Payroll taxes | $85,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,512 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,049 |
| Fees for services: Other | $0 |
| Advertising and promotion | $646 |
| Office expenses | $59,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,747 |
| Travel | $2,793 |
| 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 | $22,774 |
| Insurance | $5,756 |
| All other expenses | $14,803 |
| Total functional expenses | $1,744,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,015 |
| Savings and temporary cash investments | $0 |
| 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 | $3,596,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $68,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,817,076 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,840,000 |
| Unsecured mortgages and notes payable | $132,900 |
| Other liabilities | $2,555 |
| Total liabilities | $2,975,455 |
| Net assets without donor restrictions | $841,621 |
| 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 | $3,817,076 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Telos Project has recieved totaling $325.
| Awarding Organization | Amount |
|---|---|
Vanderark Foundation Englewood, CO PURPOSE: GENERAL | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For Integrative Counseling And Psychology Dallas, TX | $7,080,463 | $4,703,746 |
Family And Youth Counseling Agency Lake Charles, LA | $1,867,209 | $2,685,088 |
Telos Project Fort Worth, TX | $3,817,076 | $1,791,825 |
Dance With Todd Inc Houston, TX | $1,488,266 | $1,520,999 |
Amistad Family Services Inc Las Cruces, NM | $349,602 | $1,498,400 |
Childrens Advocacy Center Of Bastrop County Bastrop, TX | $1,068,245 | $1,738,416 |
Samaritan Counseling Center Of Tyler Inc Tyler, TX | $637,914 | $1,295,383 |
Interface Samaritan Counseling Centers Houston, TX | $0 | $521,711 |
Napa Valley Counseling Center Inc Little Rock, AR | $432,246 | $1,235,691 |
Crucible Project Waller, TX | $410,214 | $1,039,573 |
Gingerbread House Shreveport, LA | $1,075,482 | $1,277,880 |
Art Station Fort Worth, TX | $343,639 | $1,006,929 |