The Telos Project FY2023 filing

Tax-deductible

Fort Worth, TX501(c)(3)Mental HealthEIN 81-2585335

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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.
77¢ of each $1 spent went to programs.
$343K 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
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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$343K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 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
+23% vs prior year
Spent
$2.1M
To programs
77%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$2.7M
FY2023▲ +23%
Revenue by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$2.2M
FY2023$2.7M
FY2024$2.7M
Expenses
$2.1M
FY2023▲ +8%
Expenses by fiscal year
FY2020$1.4M
FY2021$1.7M
FY2022$2.0M
FY2023$2.1M
FY2024$2.8M
Net assets
$1.6M
FY2023▲ +52%
Net assets by fiscal year
FY2020$779K
FY2021$842K
FY2022$1.0M
FY2023$1.6M
FY2024$1.5M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 2016.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.6M Management & general 23% · $502K

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; $343K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary & Vice President
$120,819Pt VII · Sec A
Executive Director & Brd P
$111,514Pt VII · Sec A
$110,596Pt 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.

Provided by the organization

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1 program · $1.6M · in their own filed words · FY2023
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.

$1.6Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.6M
Other incomeLn 4–11$74K
Investment incomeLn 3$2K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$502K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$269K
Total assetsLn 16$4.5M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$2K
Other incomeLn 4–11$74K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$269K
Cash and savings togetherLn 1–2$269K
InvestmentsLn 11–13$67K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$4.5M
LiabilitiesLn 26$2.9M
Net assetsLn 32$1.6M
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 FY23End FY23
Cash and savingsLn 1–2$254K$269K
InvestmentsLn 11–13$58K$67K
Land, buildings, equipmentLn 10c$3.5M$4.1M
Total assetsLn 16$3.8M$4.5M
LiabilitiesLn 26$2.8M$2.9M
Net assetsLn 32$1.0M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$343K$126K$217K
Other salaries and wagesLn 7$936K$903K$33K
Other employee benefitsLn 9$343K$277K$66K
Payroll taxesLn 10$100K$80K$19K
Investment management feesLn 11f$342$342
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$559$559
Office expensesLn 13$30K$30K
OccupancyLn 16$112K$84K$28K
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$122K$92K$31K
InsuranceLn 23$316$316
Other expenses (24a–d)Ln 24$111K$73K$39K
All other expensesLn 24e$28K$10K$18K
Total functional expensesLn 25$2.1M$1.6M$502K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$2.8M−$92K$1.5M 990 PDF
FY2023 Viewing $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 FY2023 990 (5 parts)
Part I · Summary $2,673,367 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,133,276$2,597,066
I-10 Investment incomePrior year $2,263$1,990
I-11 Other revenuePrior year $45,398$74,311
I-12 Total revenuePrior year $2,180,937$2,673,367
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 $1,653,099$1,722,331
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $327,384$424,864
I-18 Total expensesPrior year $1,980,483$2,147,195
I-19 Revenue less expensesPrior year $200,454$526,172
Part VIII · Statement of revenue $2,673,367 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,597,066$2,597,066
VIII-3 Investment incomeExcluded from tax $1,990$1,990
VIII-6 Net rental income or lossRelated to mission $74,311$74,311
VIII-12 Total revenueRelated to mission $2,671,377 · Unrelated business $0 · Excluded from tax $1,990$2,673,367
Part IX · Statement of functional expenses $2,147,195 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $126,020 · Management $216,909$342,929
IX-7 Other salaries and wagesPrograms $903,343 · Management $33,131$936,474
IX-9 Other employee benefitsPrograms $277,399 · Management $65,978$343,377
IX-10 Payroll taxesPrograms $80,423 · Management $19,128$99,551
IX-11f Investment management feesManagement $342$342
IX-11g Other fees for servicesManagement $3,796$3,796
IX-12 Advertising and promotionManagement $559$559
IX-13 Office expensesManagement $30,113$30,113
IX-16 OccupancyPrograms $83,998 · Management $27,999$111,997
IX-20 InterestManagement $16,861$16,861
IX-22 Depreciation, depletion and amortizationPrograms $91,545 · Management $30,515$122,060
IX-23 InsuranceManagement $316$316
IX-24 Other expenses (24a–d)Programs $72,736 · Management $38,554$111,290
IX-24e All other expensesPrograms $9,819 · Management $17,711$27,530
IX-25 Total functional expensesPrograms $1,645,283 · Management $501,912 · Fundraising $0$2,147,195
Part X · Balance sheet $4,466,123 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $253,670$268,615
X-10c Land, buildings and equipment, netStart of year $3,489,469$4,130,447
X-12 Other securitiesStart of year $58,248$67,061
X-16 Total assetsStart of year $3,801,387$4,466,123
X-24 Unsecured notes and loans payable$133,952
X-25 Other liabilitiesStart of year $2,555$0
X-26 Total liabilitiesStart of year $2,771,914$2,903,311
X-27 Net assets without donor restrictionsStart of year $1,029,473$1,562,812
X-32 Total net assets or fund balancesStart of year $1,029,473$1,562,812
X-33 Total liabilities and net assetsStart of year $3,801,387$4,466,123
Part XI · Reconciliation of net assets $1,562,812 net assets at year end
XI-1 Total revenue$2,673,367
XI-2 Total expenses$2,147,195
XI-3 Revenue less expenses$526,172
XI-4 Net assets at start of year$1,029,473
XI-5 Net unrealized gains (losses) on investments$7,165
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,562,812

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

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