Nonprofit · EIN 56-6246626
THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
Tax-exempt · RALEIGH, NC 27617
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,309,690 | $2,324,424 | $985,266 | $11,567,273 | $0 | $11,567,273 |
| December 31, 2023 | 990 | $3,432,284 | $1,773,181 | $1,659,103 | $10,239,100 | $0 | $10,239,100 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,529,372
- Program service revenue
- $0
- Investment income
- $511,593
- Net gain from sales of assets
- $251,274
- Net income from fundraising events
- $250,315
- Other revenue
- $268,725
Expenses
- Grants and similar amounts paid
- $1,645,141
- Compensation of officers, directors and key employees
- $104,451
- Other salaries and wages
- $237,315
- Salaries, compensation and benefits (total)
- $395,882
- Professional fundraising fees
- $0
- Legal fees
- $4,547
- Accounting fees
- $25,865
- Occupancy
- $21,000
- Program services (functional)
- $2,028,509
- Management and general (functional)
- $174,474
- Fundraising (functional)
- $121,441
Balance sheet and other
- Total assets, start of year
- $10,239,100
- Total assets, end of year
- $11,567,273
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,567,273
- Net assets without donor restrictions
- $9,279,774
- Net assets with donor restrictions
- $2,287,499
- Gross receipts
- $7,551,609
- Employees
- 17
- Volunteers
- 495
- Year formed
- 1984
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELLEY EURE BELK | EXECUTIVE DIRECTOR Officer | 40 | $92,000 | $12,450 |
| SARAH WESLEY FOX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ZARZAR MD | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH SKVARLA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JACK NAFTEL MD | INTERIM TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANA BOOLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY CANTANDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRY CARLTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAYLOR B CASH JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASA CORDLE MD | BOARD MEMBER (TO JUN '24) Trustee or director | 1 | $0 | $0 |
| ELIZABETH COX MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JODY DARDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TANYA DOEBLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SYLVIA HACKETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EASTER MAYNARD | BOARD MEMBER Trustee or director | 1 | $0 |
| HILDA PINNIX-RAGLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY QUIRK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID RUBINOW MD | BOARD MEMBER Trustee or director | 1 | $0 |
| KEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| NICOLE CAFAZZO SPECTOR MD | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE THANHAUSER | BOARD MEMBER Trustee or director | 1 | $0 |
| MARION WINSTON | BOARD MEMBER (TO JUL '24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELLEY EURE BELK | EXECUTIVE DIRECTOR Officer | 40 | $84,491 | $11,800 |
| SARAH WESLEY FOX | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ZARZAR MD | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH SKVARLA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JACK NAFTEL MD | INTERIM TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANA BOOLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY CANTANDO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TAYLOR B CASH JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASA CORDLE MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JODY DARDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TANYA DOEBLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SYLVIA HACKET | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEVE JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EASTER MAYNARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HILDA PINNIX-RAGLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY QUIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID RUBINOW MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD SEARS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEN SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF STOCKS | BOARD MEMBER (TO JUNE '23) Trustee or director | 1 | $0 | $0 |
| STEVE THANHAUSER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARION WINSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9401 GLENWOOD AVE, RALEIGH, NC 27617-7514
- Principal officer (990 for 2024)
- SARAH WESLEY FOX, 9401 GLENWOOD AVENUE, RALEIGH, NC 27617
- Signed the 990
- SHELLEY BELK, EXECUTIVE DIRECTOR
- Phone
- (919) 781-9255
- Website
- WWW.WALKFORHOPE.COM
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
TO CONQUER MENTAL ILLNESS BY INVESTING IN GROUNDBREAKING SCIENTIFIC RESEARCH AND MENTAL HEALTH INITIATIVES.
Program accomplishments
- 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"Expenses $1,053,465 · grants $1,053,465
- FOUNDATION OF HOPE CHILD AND ADOLESCENT ANXIETY AND MOOD DISORDERS PROGRAM (CHAAMP) RESEARCH GRANT FUNDS WERE PROVIDED TO THE UNC DEPARTMENT OF PSYCHIATRY. ALSO, CHAAMP GRANT FUNDS WERE ALSO PROVIDED TO THE UNC HEALTH FOUNDATION. CHAAMP IS A CLINICAL RESEARCH PROGRAM OPERATING WITHIN THE DEPARTMENT OF PSYCHIATRY AT UNC-CHAPEL HILL. CHAAMP CONDUCTS CUTTING-EDGE TRANSLATIONAL RESEARCH TO ADVANCE UNDERSTANDING AND TREATMENT OF CHILD AND ADOLESCENT ANXIETY AND MOOD DISORDERS, LEADS OUTCOME IMPROVEMENTS, AND ADDRESSES CARE DELIVERY FOR VULNERABLE CHILDREN. THE CHAAMP RESEARCH GRANT FUNDS WERE PROVIDED FOR THE FOLLOWING: UNC HEALTH FOUNDATION "CHILD & ADOLESCENT ANXIETY AND MOOD DISORDERS PROGRAM (CHAAMP)"Expenses $591,676 · grants $591,676
- THE FOUNDATION'S ANNUAL WALK FOR HOPE AND OTHER FUNDRAISERS RAISE FUNDS FOR MENTAL ILLNESS RESEARCH GRANTS.Expenses $383,368 · revenue $18,410
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6246626
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,567,273
- Income (IRS master file)
- $7,551,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,309,690 | $2,324,424 | $11,567,273 | XML |
| 990 | December 2023 | $3,432,284 | $1,773,181 | $10,239,100 | XML |
| 990 | December 2022 | $2,733,837 | $1,298,968 | $8,348,572 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6246626).
Questions about THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS
- What is the EIN of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS?
- The employer identification number (EIN) of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS is 56-6246626.
- Is THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS?
- The 990 for the year ended December 31, 2024 names SARAH WESLEY FOX.
- Who are the officers and directors of THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS?
- The 990 for the year ended December 31, 2024 lists 23 people; 1 received compensation from the organization, the highest $92,000 (SHELLEY EURE BELK, EXECUTIVE DIRECTOR).
- How much revenue does THE FOUNDATION OF HOPE FOR RESEARCH & TREATMENT OF MENTAL ILLNESS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,309,690, expenses of $2,324,424 and total assets of $11,567,273 at year end.
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