The Telos Project FY2021 filing

Tax-deductible

Fort Worth, TX501(c)(3)Mental HealthEIN 81-2585335Revenue $1.8M in FY2021

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.
66¢ of each $1 spent went to programs.
$323K 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

FY2021 · 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$323K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.0M
78% of total assets
Worth a look: liabilities are 78% 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
$1.8M
-2% vs prior year
Spent
$1.7M
To programs
66%
Net assets
$842K
By yearFY2020–FY2024
Revenue
$1.8M
FY2021▼ -2%
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
$1.7M
FY2021▲ +26%
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
$842K
FY2021▲ +8%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 2016.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $1.2M Management & general 34% · $587K

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; $323K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director & Brd P
$109,526Pt VII · Sec A
Secretary & Vice President
$106,923Pt VII · Sec A
$106,412Pt 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 · $1.2M · in their own filed words · FY2021
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.

$1.2Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$5K
Gifts and grantsLn 1h$125
Money outPt IX
$1.7M
Ln 25
Programscol B$1.2M
Managementcol C$587K
Owns and owesPt X
$842K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.0M
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$125
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$5K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
InvestmentsLn 11–13$69K
Land, buildings, equipmentLn 10c$3.6M
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.0M
Net assetsLn 32$842K
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 FY21End FY21
Cash and savingsLn 1–2$878K$152K
InvestmentsLn 11–13$69K
Land, buildings, equipmentLn 10c$41K$3.6M
Total assetsLn 16$919K$3.8M
LiabilitiesLn 26$140K$3.0M
Net assetsLn 32$779K$842K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$323K$194K$129K
Other salaries and wagesLn 7$789K$591K$197K
Other employee benefitsLn 9$240K$170K$71K
Payroll taxesLn 10$85K$60K$25K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$600$600
Investment management feesLn 11f$1K$1K
Advertising and promotionLn 12$646$646
Office expensesLn 13$60K$60K
OccupancyLn 16$120K$90K$30K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$75K$46K$29K
All other expensesLn 24e$15K$6K$8K
Total functional expensesLn 25$1.7M$1.2M$587K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $1,791,825 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120$125
I-9 Program service revenuePrior year $1,832,356$1,796,198
I-10 Investment incomePrior year $0$4,774
I-11 Other revenuePrior year $0−$9,272
I-12 Total revenuePrior year $1,832,476$1,791,825
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 $1,149,341$1,437,012
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $233,661$307,020
I-18 Total expensesPrior year $1,383,002$1,744,032
I-19 Revenue less expensesPrior year $449,474$47,793
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 $1,791,825 across 6 lines filed
VIII-1f All other contributions, gifts and grants$125
VIII-1h Total contributions, gifts and grants$125
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,796,198$1,796,198
VIII-3 Investment incomeExcluded from tax $4,774$4,774
VIII-6 Net rental income or lossRelated to mission −$9,272−$9,272
VIII-12 Total revenueRelated to mission $1,786,926 · Unrelated business $0 · Excluded from tax $4,774$1,791,825
Part IX · Statement of functional expenses $1,744,032 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $193,717 · Management $129,144$322,861
IX-7 Other salaries and wagesPrograms $591,489 · Management $197,163$788,652
IX-9 Other employee benefitsPrograms $169,771 · Management $70,552$240,323
IX-10 Payroll taxesPrograms $60,171 · Management $25,005$85,176
IX-11b Legal feesManagement $4,512$4,512
IX-11c Accounting feesManagement $600$600
IX-11f Investment management feesManagement $1,049$1,049
IX-12 Advertising and promotionManagement $646$646
IX-13 Office expensesManagement $59,554$59,554
IX-16 OccupancyPrograms $89,810 · Management $29,937$119,747
IX-17 TravelManagement $2,793$2,793
IX-22 Depreciation, depletion and amortizationManagement $22,774$22,774
IX-23 InsuranceManagement $5,756$5,756
IX-24 Other expenses (24a–d)Programs $45,740 · Management $29,046$74,786
IX-24e All other expensesPrograms $6,327 · Management $8,476$14,803
IX-25 Total functional expensesPrograms $1,157,025 · Management $587,007 · Fundraising $0$1,744,032
Part X · Balance sheet $3,817,076 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $877,636$152,015
X-10c Land, buildings and equipment, netStart of year $40,882$3,596,127
X-12 Other securities$68,934
X-16 Total assetsStart of year $918,518$3,817,076
X-24 Unsecured notes and loans payableStart of year $139,900$132,900
X-25 Other liabilitiesStart of year $0$2,555
X-26 Total liabilitiesStart of year $139,900$2,975,455
X-27 Net assets without donor restrictionsStart of year $778,618$841,621
X-32 Total net assets or fund balancesStart of year $778,618$841,621
X-33 Total liabilities and net assetsStart of year $918,518$3,817,076
Part XI · Reconciliation of net assets $841,621 net assets at year end
XI-1 Total revenue$1,791,825
XI-2 Total expenses$1,744,032
XI-3 Revenue less expenses$47,793
XI-4 Net assets at start of year$778,618
XI-5 Net unrealized gains (losses) on investments$15,210
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$841,621

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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