Group Foundation for Advancing Mental Health Inc

EIN: 136161730 501(c)(3) Mental Health

New York, NY

Total Revenue
$812,091
Total Expenses
$377,250
Total Assets
$8,171,813
Net Assets
$7,047,781
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NY
Principal Officer
Angela Stephens
Tax Period
2023-07-01 to 2024-06-30

Group Foundation for Advancing Mental Health Inc, founded in 1961, is a small nonprofit in the Mental Health sector that reported $812K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $435K, a strong 54% operating margin.

Mission

The Group Foundation for Advancing Mental Health is a philantrophic organization dedicated to change lives through therapeutic group work by advancing the most effective and innovative approaches to group therapy education, training, research and community outreach.

Program Service Accomplishments

Program 1
Expenses: $203,765

The Group Foundation advocates for and supports the research, education/training and community programs to assure the advancement of the most innovative group work to enhance peoples lives. Evidence...

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The Group Foundation advocates for and supports the research, education/training and community programs to assure the advancement of the most innovative group work to enhance peoples lives. Evidence is now clear that group interventions are at the forefront of treatments to heal trauma, improve individual, family, and workplace relationships, to treat psychological conditions, and to aid the military and their families in dealing with the psychological impact of war. In short, Group changes lives. With the knowledge that groups change lives and promote mental health, the Group Foundation is dedicated to supporting the advancement of evidenced based group interventions and research, supporting the education and training of effective group leaders, and supporting community outreach and the dissemination of information for the benefit of the public and professional communities. Over the years, the gifts from our generous donors have allowed The Group Foundation to establish programs to advance education and training in group psychotherapy, establish the Tnternational Board for Certification of Group Psychotherapists, award innovative research and community outreach projects, fund training manuals for group work and provide AGPA annual meeting scholarships and overall support for meeting, through underwriting grants and the endowment of events.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $787,746
Program Service Revenue $0
Investment Income $0
Other Revenue $24,345
TOTAL REVENUE $812,091

Expense Breakdown

Grants Paid $136,703
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $203,765
Other Expenses $240,547
TOTAL EXPENSES $377,250

Year-over-Year Comparison

2023 2022 Change
Revenue $812,091 $4,941,013 -0.8%
Expenses $377,250 $912,156 -0.6%
Net Income $434,841 $4,028,857 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shelton Sullivan Director 1.00
Director
$0 $0 $0
Susan Mengden Director 1.00
Director
$0 $0 $0
Shelley Firestone Director 1.00
Director
$0 $0 $0
Rhea Pledger Director 1.00
Director
$0 $0 $0
Robert Hsiung Director 1.00
Director
$0 $0 $0
Beverlin Rosario-Williams Director 1.00
Director
$0 $0 $0
Gloria Kahn Director 1.00
Director
$0 $0 $0
Helen Chao Director 1.00
Director
$0 $0 $0
Francois Williams Director 1.00
Director
$0 $0 $0
Cheryl Kalter Director 1.00
Director
$0 $0 $0
Elizabeth Knight Director 1.00
Director
$0 $0 $0
Leonardo Leiderman Director 1.00
Director
$0 $0 $0
Lindsey Randol Director 1.00
Director
$0 $0 $0
Karen Eberwein Director 1.00
Director
$0 $0 $0
Kelechi Fluitt Director 1.00
Director
$0 $0 $0
Lorraine Wodiska Director 1.00
Director
$0 $0 $0
Molyn Leszcz Director 1.00
Director
$0 $0 $0
Phyllis Siegel Director 1.00
Director
$0 $0 $0
Maryetta Andrews-Sachs Director 1.00
Director
$0 $0 $0
Mary Nicholas Director 1.00
Director
$0 $0 $0
Angela Stephens Secretary & Treasurer 1.00
Officer Director
$0 $0 $0
Darryl Pure Chair 40.00
Officer Director
$0 $0 $0
Kathy Rider Vice-Chair 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $812,091 $377,250 $8,171,813 $434,841
2023 $4,941,013 $912,156 $7,575,125 $4,028,857
2022 $555,776 $535,899 $3,034,275 $19,877
2021 $1,133,674 $566,114 $2,788,532 $567,560
2021 $1,133,674 $566,114 $2,788,532 $567,560
2020 $522,847 $684,375 $2,604,997 $-161,528
2020 $522,845 $686,994 $2,342,502 $-164,149
2019 $806,794 $656,816 $2,264,793 $149,978
2018 $707,918 $677,064 $2,108,412 $30,854
2018 $707,918 $677,064 $2,108,412 $30,854
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