Chocolate Mint Foundation FY2023 filing

Tax-deductible

Desoto, TX501(c)(3)Youth DevelopmentEIN 27-1589053

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We partner with individuals and families aspiring to overcome education, housing, and racial barriers by providing resources and training necessary to break the cycle of generational poverty and close the wealth gap.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$84K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $349K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $146K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$53K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 9 voting members
Looks good: 6 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
-19% vs prior year
Spent
$1.4M
To programs
92%
Net assets
$864K
By yearFY2020–FY2024
Revenue
$2.3M
FY2023▼ -19%
Revenue by fiscal year
FY2020$797K
FY2021$3.5M
FY2022$2.9M
FY2023$2.3M
FY2024$936K
Expenses
$1.4M
FY2023▼ -53%
Expenses by fiscal year
FY2020$863K
FY2021$2.9M
FY2022$2.9M
FY2023$1.4M
FY2024$652K
Net assets
$864K
FY2023▲ +199%
Net assets by fiscal year
FY2020−$33K
FY2021$459K
FY2022$289K
FY2023$864K
FY2024$1.4M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.2M Management & general 5% · $67K Fundraising 3% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$83,861Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$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

Felicia Frazier’s $19K as Executive Director is at the 14th percentile of top reported officer pay among 1992 $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.

See Chocolate Mint Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers families with resources and training to overcome barriers and break the cycle of poverty.

Provided by the organization

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3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2023.
01

The MINT Financial Assistance and GROW Programs Seeks to resolve the immediate crisis and promote economic and housing stability. Assist families who are homeless or at risk of homelessness quickly regain stability in permanent affordable housing after experiencing a housing crisis and homelessness.

$659Kprogram expense
02

The MINT Food and Nutrition Program seeks to alleviate hunger and poverty, improve the quality of life for individuals and families and removes barrier to healthy food options, and eliminates food insecurities in our local community.

$569Kprogram expense
03

The MINT Youth Education and Mentoring Programs Strive to increase academic success for children and youth ages 5-14 by expanding students' learning in ways that complement methods used during the school day to prevent remediation and identify environmental factors that may lead our youth to participate in high-risk behaviors.

$20Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.3M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$67K
Fundraisingcol D$48K
Owns and owesPt X
$864K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$917K
LiabilitiesLn 26$53K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$878K
Noncash giftsLn 1g$532K
Fundraising eventsLn 1c$34K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$0
Cash and savings togetherLn 1–2$41K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$9K
Total assetsLn 16$917K
LiabilitiesLn 26$53K
Net assetsLn 32$864K
OperationsPt I, VI
EmployeesI 514
VolunteersI 6454
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$82K$41K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$27K$44K
Total assetsLn 16$854K$917K
LiabilitiesLn 26$564K$53K
Net assetsLn 32$289K$864K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$455K$455K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$481K$399K$48K$34K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$9K$8K$862$166
Payroll taxesLn 10$45K$37K$5K$3K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$12K$11K$216$382
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$42K$42K$0$0
Advertising and promotionLn 12$7K$6K$119$481
Office expensesLn 13$22K$17K$349$4K
Information technologyLn 14$10K$10K$87$154
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$152K$142K$6K$4K
TravelLn 17$11K$11K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$7K$0$7K$0
InsuranceLn 23$30K$28K$545$962
Other expenses (24a–d)Ln 24$82K$82K$98$8
Total functional expensesLn 25$1.4M$1.2M$67K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $936K$652K$284K$1.4M 990 PDF
FY2023 Viewing $2.3M$1.4M$984K$864K 990 PDF
FY2022 $2.9M$2.9M−$18K$289K 990 PDF
FY2021 $3.5M$2.9M$560K$459K 990 PDF
FY2020 $797K$863K−$66K−$33K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $2,346,768 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$33,740
VIII-1d Related organizations$0
VIII-1e Government grants$878,364
VIII-1f All other contributions, gifts and grants$1,434,664
VIII-1g Noncash contributions (included above)$531,966
VIII-1h Total contributions, gifts and grants$2,346,768
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,346,768
Part IX · Statement of functional expenses $1,363,010 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $455,497$455,497
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $398,537 · Management $48,059 · Fundraising $33,994$480,590
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $7,589 · Management $862 · Fundraising $166$8,617
IX-10 Payroll taxesPrograms $37,485 · Management $4,512 · Fundraising $3,122$45,119
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $11,402 · Management $216 · Fundraising $382$12,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $41,593 · Management $0 · Fundraising $0$41,593
IX-12 Advertising and promotionPrograms $6,297 · Management $119 · Fundraising $481$6,897
IX-13 Office expensesPrograms $17,458 · Management $349 · Fundraising $3,959$21,766
IX-14 Information technologyPrograms $9,774 · Management $87 · Fundraising $154$10,015
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $141,815 · Management $5,652 · Fundraising $4,288$151,755
IX-17 TravelPrograms $10,562 · Management $0 · Fundraising $0$10,562
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $6,597 · Fundraising $0$6,597
IX-23 InsurancePrograms $28,090 · Management $545 · Fundraising $962$29,597
IX-24 Other expenses (24a–d)Programs $82,299 · Management $98 · Fundraising $8$82,405
IX-25 Total functional expensesPrograms $1,248,398 · Management $67,096 · Fundraising $47,516$1,363,010
Part X · Balance sheet $917,212 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $81,656$41,452
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$220,004
X-8 Inventories for sale or useStart of year $729,873$602,873
X-9 Prepaid expenses and deferred chargesStart of year $2,331$0
X-10c Land, buildings and equipment, netStart of year $27,053$43,706
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $12,906$9,177
X-16 Total assetsStart of year $853,819$917,212
X-17 Accounts payable and accrued expensesStart of year $135,266$9,539
X-24 Unsecured notes and loans payableStart of year $429,200$43,794
X-26 Total liabilitiesStart of year $564,466$53,333
X-27 Net assets without donor restrictionsStart of year $289,353$863,879
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $289,353$863,879
X-33 Total liabilities and net assetsStart of year $853,819$917,212
Part XI · Reconciliation of net assets $863,879 net assets at year end
XI-1 Total revenue$2,346,768
XI-2 Total expenses$1,363,010
XI-3 Revenue less expenses$983,758
XI-4 Net assets at start of year$289,353
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$409,232
XI-10 Net assets at end of year$863,879

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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