The Telos Project

Tax-deductible

Fort Worth, TX501(c)(3)Mental HealthEIN 81-2585335Revenue $2.7M in FY2024

On file with the IRSthetelosproject.org7801 Oakmont Blvd Ste 101, 76132-4242 · Fort Worth, TXTax-exempt since Aug 2016Publicly supported — 509(a)(2)

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The Telos Project is a non profit public benefit corporation whose ongoing aim is removing barriers to therapeutic, mental health and community services in the state of texas. Our ultimate objective is to reduce individual psychological turmoil and empower the communities we serve.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$317K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $226K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$317K
to officers and key staff · 11% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.8M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+0.8% vs prior year
Spent
$2.8M
To programs
69%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.2M
FY2023$2.7M
FY2024$2.7M
Expenses
$2.8M
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$2.0M
FY2023$2.1M
FY2024$2.8M
Net assets
$1.5M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$779K
FY2021$842K
FY2022$1.0M
FY2023$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2016.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.9M Management & general 31% · $850K

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

5 people listed on the 990; $317K paid to officers and key staff.

Part VII, Section A · reportable compensation
$111,410Pt VII · Sec A
Secretary & Vice President
$107,513Pt VII · Sec A
Executive Director & Brd P
$98,359Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Alexandra Marks’s $111K as Treasurer is at the 37th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carol Bean—$120,819$117,587$106,923$79,525
Anthony Bean$98,359$111,514$111,793$109,526$103,831
Alexandra Marks$111,410$110,596—$106,412—
Carol Holiday Bean$107,513————

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 The Telos Project 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Removes barriers to mental health and community services in Texas.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2024
01

The telos project provides individual, play, couples, and family therapy as well as psychological, neuropsychological, and psychoeducational assessment to people of all races, creeds, colors, religions, and social economic status.

$1.9Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$36K
Money outPt IX
$2.8M
Ln 25
Programscol B$1.9M
Managementcol C$850K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$265K
Total assetsLn 16$4.3M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fees for servicesLn 2g$2.7M
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$265K
Cash and savings togetherLn 1–2$265K
InvestmentsLn 11–13$67K
Land, buildings, equipmentLn 10c$4.0M
Total assetsLn 16$4.3M
LiabilitiesLn 26$2.8M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$269K$265K
InvestmentsLn 11–13$67K$67K
Land, buildings, equipmentLn 10c$4.1M$4.0M
Total assetsLn 16$4.5M$4.3M
LiabilitiesLn 26$2.9M$2.8M
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$317K$117K$201K
Other salaries and wagesLn 7$1.2M$1.2M$42K
Other employee benefitsLn 9$363K$305K$58K
Payroll taxesLn 10$116K$98K$19K
Legal feesLn 11b$54K$54K
Other fees for servicesLn 11g$400$400
Advertising and promotionLn 12$409$409
Office expensesLn 13$87K$87K
OccupancyLn 16$12K$9K$3K
TravelLn 17$108$108
InterestLn 20$139K$139K
Depreciation, depletion and amortizationLn 22$142K$107K$36K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$314K$140K$173K
All other expensesLn 24e$30K$2K$28K
Total functional expensesLn 25$2.8M$1.9M$850K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$2.8M−$92K$1.5M 990 PDF
FY2023 $2.7M$2.1M$526K$1.6M 990 PDF
FY2022 $2.2M$2.0M$200K$1.0M 990 PDF
FY2021 $1.8M$1.7M$48K$842K 990 PDF
FY2020 $1.8M$1.4M$449K$779K 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 FY2024 990 (6 parts)
Part I · Summary $2,693,438 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$35,503
I-9 Program service revenuePrior year $2,597,066$2,657,935
I-10 Investment incomePrior year $1,990$0
I-11 Other revenuePrior year $74,311$0
I-12 Total revenuePrior year $2,673,367$2,693,438
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,722,331$1,997,638
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $424,864$787,552
I-18 Total expensesPrior year $2,147,195$2,785,190
I-19 Revenue less expensesPrior year $526,172−$91,752
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,693,438 across 4 lines filed
VIII-1f All other contributions, gifts and grants$35,503
VIII-1h Total contributions, gifts and grants$35,503
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,657,935$2,657,935
VIII-12 Total revenueRelated to mission $2,657,935 · Unrelated business $0 · Excluded from tax $0$2,693,438
Part IX · Statement of functional expenses $2,785,190 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $116,595 · Management $200,687$317,282
IX-7 Other salaries and wagesPrograms $1,158,763 · Management $42,499$1,201,262
IX-9 Other employee benefitsPrograms $304,805 · Management $58,120$362,925
IX-10 Payroll taxesPrograms $97,565 · Management $18,604$116,169
IX-11b Legal feesManagement $53,505$53,505
IX-11g Other fees for servicesManagement $400$400
IX-12 Advertising and promotionManagement $409$409
IX-13 Office expensesManagement $86,882$86,882
IX-16 OccupancyPrograms $8,660 · Management $2,887$11,547
IX-17 TravelManagement $108$108
IX-20 InterestManagement $138,725$138,725
IX-22 Depreciation, depletion and amortizationPrograms $106,506 · Management $35,502$142,008
IX-23 InsuranceManagement $9,997$9,997
IX-24 Other expenses (24a–d)Programs $140,362 · Management $173,427$313,789
IX-24e All other expensesPrograms $1,887 · Management $28,295$30,182
IX-25 Total functional expensesPrograms $1,935,143 · Management $850,047 · Fundraising $0$2,785,190
Part X · Balance sheet $4,320,585 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $268,615$265,085
X-10c Land, buildings and equipment, netStart of year $4,130,447$3,988,439
X-12 Other securitiesStart of year $67,061$67,061
X-16 Total assetsStart of year $4,466,123$4,320,585
X-17 Accounts payable and accrued expenses$19,630
X-24 Unsecured notes and loans payableStart of year $133,952$132,925
X-26 Total liabilitiesStart of year $2,903,311$2,849,527
X-27 Net assets without donor restrictionsStart of year $1,562,812$1,471,058
X-32 Total net assets or fund balancesStart of year $1,562,812$1,471,058
X-33 Total liabilities and net assetsStart of year $4,466,123$4,320,585
Part XI · Reconciliation of net assets $1,471,058 net assets at year end
XI-1 Total revenue$2,693,438
XI-2 Total expenses$2,785,190
XI-3 Revenue less expenses−$91,752
XI-4 Net assets at start of year$1,562,812
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,471,058

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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