Overview
What is Foundation For Mental Health & Mental Retardation?
The Foundation for Mental Health & Mental Retardation is a nonprofit organization based in Midland, Texas. Its primary mission is to support the Permian Basin Community Centers for Mental Health/Mental Retardation (MH/MR) by providing them with office space through program service contracts. This arrangement is crucial for the foundation's tax-exempt purpose and forms the primary source of its program service revenue. The foundation may also offer additional financial support if requested by MH/MR. This nonprofit's activities are focused on furthering mental health and mental retardation services in the Permian Basin community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50% (One-Star out of Four Star rating)
The Foundation For Mental Health & Mental Retardation has received a low overall score of 50%, primarily due to its Accountability & Finance metrics. The absence of independent board members and missing policies related to conflict of interest, document retention, and whistleblower protection significantly impacted its rating. These factors reflect a lack of governance practices that are typically expected in well-managed nonprofits.
Despite these governance issues, the organization does have strengths in its financial management, evidenced by a program expense ratio of 100%. This indicates that all of its expenses are directed towards its programs, suggesting a commitment to its mission. Additionally, there are no reported material diversions of assets, indicating that funds are being used as intended.
However, the lack of transparency, as reflected by missing documents and policies, raises concerns about the organization's accountability. This could affect donor confidence and the ability to sustain operations in the long term. Overall, while the foundation is dedicated to its cause, improvements in governance practices are necessary to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Mental Health & Mental Retardation legitimate?
Foundation For Mental Health & Mental Retardation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Mental Health & Mental Retardation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Foundation For Mental Health & Mental Retardation?
The Foundation for Mental Health & Mental Retardation supports its tax-exempt purpose by providing program service contracts to the Permian Basin Community Centers for Mental Health/Mental Retardation (MH/MR). This primarily generates revenue for the foundation. The contracts allow MH/MR to utilize various buildings as office spaces. Besides this, the foundation may also offer additional financial support upon request. The foundation's primary function is to facilitate these contracts, contributing to the furtherance of mental health and mental retardation services.
Who is the CEO of Foundation For Mental Health & Mental Retardation?
Dana Engelstad is the Vice Pres Treas of Foundation For Mental Health & Mental Retardation.
What is the revenue of Foundation For Mental Health & Mental Retardation?
Foundation For Mental Health & Mental Retardation's revenue in 2023 was $491,327.
Who are the executives of Foundation For Mental Health & Mental Retardation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Foundation For Mental Health & Mental Retardation?
Foundation For Mental Health & Mental Retardation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Foundation For Mental Health & Mental Retardation
The Foundation for Mental Health & Mental Retardation carries out its mission by entering into program service contracts with the Permian Basin Community Centers for MH/MR (75-1401776). Through these agreements, the foundation provides access to various buildings as office space, contributing to its tax-exempt purpose. This primary source of revenue for the foundation significantly supports its operations in the mental health and mental retardation sector. In addition, the foundation may offer additional financial assistance upon request by MH/MR. The program service contract revenue is categorized as program service revenue for the foundation.
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Impact
July, 2024
The Foundation for Mental Health & Mental Retardation's impact lies in providing program service contracts to the Permian Basin Community Centers for MH/MR, allowing them to use various buildings as office space in furtherance of their tax-exempt purpose. This support is crucial in enabling the Community Centers to effectively carry out their mission of providing mental health and mental retardation services to the community. By providing this essential infrastructure support, the Foundation facilitates the delivery of much-needed services to individuals in need, ultimately contributing to the overall well-being and support of the community.
This information is meant to be a general summary of Foundation For Mental Health & Mental Retardation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $304,286
- Program Service Revenue: $187,041
- Gross Receipts: $887,310
Assets and Liabilities:
- Total Assets: $7,624,757
- Total Liabilities: $1,174
- Net Assets: $7,623,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG/SER CONTRACTS
Revenue
$187,041
Organization Details
Founding Year
1978
Principal Officer
Dana Engelstad
Main Address
550 W TEXAS 1000, MIDLAND, TX, 79701
NTEE Category
Code: P82 - Human services
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