Chocolate Mint Foundation EIN 27-1589053

Chocolate Mint Foundation

EIN  27-1589053 Public charity (501(c)(3)) Desoto, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers families with resources and training to overcome barriers and break the cycle of poverty.
Leadership
Felicia Frazier · Executive Director · $19K
Money in and out
$936K revenue, $652K expenses
Bottom line
86% program efficiency

Empowers families with resources and training to overcome barriers and break the cycle of poverty. For fiscal year 2024 it reported $936K in revenue, $652K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$936K
Pt VIII · Ln 12
Total expenses
$652K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $284K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.06 Fundraising $0.08
Program efficiency
86%
of spending reaches programs▼ -6% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▼ -28% vs prior filing year
Revenue trend
+4%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$936K
FY2024▼ -60%
Expenses
$652K
FY2024▼ -52%
Total assets
$1.4M
FY2024▲ +55%
Total liabilities
$52K
FY2024▼ -2%
Total revenue
$936K
Pt VIII · Ln 12
Total expenses
$652K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$284K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $559K of program spending, described in the organization's own filed words · FY2024.
01

The MINT Food and Nutrition Program works to alleviate hunger, reduce poverty, and eliminate barriers to accessing healthy food for vulnerable families and individuals across our community.

$356Kprogram expense
02

The MINT Financial Assistance and GROW Programs advocate for families facing eviction, housing instability, or financial crisis. Working collaboratively with local courts, landlords, and utility providers, the program helps households avoid homelessness, regain stability, and build long-term economic resilience.

$203Kprogram expense
03

The MINT Youth Education and Mentoring Programs aim to increase academic achievement and support the healthy development of children and youth ages 5-18. These programs expand academic learning beyond the school day, promote literacy and mathematics proficiency, and help identify environmental stressors that contribute to high-risk…

$40program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChocolate Mint Foundation
EINHdr · item D27-1589053
Principal addressHdr · item CDesoto, TX
WebsiteHdr · item Jwww.mintcares.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFAug 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$19,352Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Advisory Board Chair
$0Pt VII · Sec A
Youth Director & Co-Chair Alumni Board Chair
$0Pt VII · Sec A
Asst Youth Director & Co-Chair Alumni Board Chair
$0Pt VII · Sec A
Director of Logistics
$0Pt VII · Sec A

Felicia Frazier’s $19K as Executive Director is at the 14th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Felicia Frazier$19,352$83,861$85,992

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$936K
— government grantsLn 1e$295K
Total revenueLn 12$936K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.06 Fundraising $0.08
Program services86%$559K
Management & general6%$39K
Fundraising8%$54K
Total functional expensesLn 25$652K

Balance Sheet

Part X · end of year
CashLn 1$55K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$52K
Total net assetsLn 32$1.4M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $55K · Operating expenses (Pt IX) $652K · Less non-cash grants $681K · Cash operating expenses/yr $-29K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $559K · Total expenses $652K
86%
Management & General
Management & general $39K · Total expenses $652K
6%
Fundraising
Fundraising $54K · Total expenses $652K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $59K · Solicited contributions (3-yr avg) $792K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $936K · Total revenue $936K
100%
Government reliance
Government grants $295K · Total revenue $936K
32%
Earned-income share
Program service revenue $0 · Total revenue $936K
0%
Investment reliance
Investment income $0 · Total revenue $936K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $652K
0%
Growth & trend
Revenue growth (YoY)
This year $936K · Prior year $2.3M
-60%
Revenue CAGR
FY2020 $797K · FY2024 $936K
+4%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $936K · Expenses $652K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Felicia Frazier · Reported title Executive Director · Highest reported compensation $19K · Total expenses $652K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $112K · Total expenses $652K
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 6%
Fundraising cost ratio 6%
Revenue growth -60%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$146K
Grants paid · 2 grants · $467K · 2023–2023
Unitemized GrantFY2023$415,508
Unitemized GrantFY2023$51,930

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$936K revenue · viewing · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$2.9M revenue · ⤓ 990 PDF
FY2021$3.5M revenue · ⤓ 990 PDF
FY2020$797K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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