Foundation of Hope for Research and Treatment of Mental Illness

Nonprofit profile at a glance

EIN
566246626
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Raleigh, NC, US
Phone
919.781.9255
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,309,690
Expenses
$2,324,424
Assets
$11,567,273
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • SHELLEY EURE BELK (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SHELLEY EURE BELK (EXECUTIVE DIRECTOR): $104,450 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the understanding, treatment, and outcomes of mental illness.

What it reported doing in 2024

Mental health initiative grant funds and research grant funds were provided to unc department of psychiatry for the following studies: dr. Jessica cohen & dr. John gilmore "development of individual differences in adolescent brain structure and risk"dr. Anthony zannas "epigenetic mechanisms linking psychological stress with dementia risk in minoritized individuals"dr. Flavio frohlich "the carolina recovery from depression protocol (cared): a novel rapid treatment paradigm for depression"dr. Emily pisetsky "addressing an urgent need: developing and disseminating a brief eating disorders intervention for primary care (fast-ed)"dr. Samuel mclean "written exposure therapy to improve recovery among sexual assault survivors"dr. Danielle roubinov "identifying modifiable risk factors associated with suicidality in adolescents following acute psychiatric hospitalization"dr. Cope feurer, dr. Aysenil belger, & dr. Danielle roubinov "identifying novel biological profiles of early risk and intervention for mood disorders in adolescents: mapping stress-responsive changes in electrocortical indices in adolescent anhedonia"dr. Tyehimba hunt-harrison "youth mental health first aid training of rural black church leaders as a tool to improve mental health literacy and access"dr. Julia riddle "the other postpartum: depression, anxiety, and post-traumatic stress disorder following stillbirth and neonatal death"dr. Erin bondy "examining the effect of estradiol on mood symptoms during perimenopause through immune gene expression"dr. Antonio florido "developing a pre-clinical model to study the interaction of female pubertal hormones and early-life stress in vulnerability to anhedonia"dr. Rebecca grzadzinski "establishing the validity of a wearable technology of objective arousal measurements across development"dr. Alex gertner "the effects of addressing children's early life social needs on behavioral health"dr. Karen poulos & dr. Amy ursano "unc multidisciplinary child psychiatry collaborative - signature grantee"

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 81% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 97
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.2%; rating input score 69
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: $20.83 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.8%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 4.98; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 16.4% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 12.1% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 69.2% of revenue deployed · 87.3% of spending went to programs
  • Governance: 19 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $104K · 23 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Officer compensation ratio scored 57/100.