CHOCOLATE MINT FOUNDATION

EIN: 271589053 501(c)(3) Youth Development

DeSoto, TX

Total Revenue
$2,346,768
Total Expenses
$1,363,010
Total Assets
$917,212
Net Assets
$863,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
TX
Principal Officer
Felicia Frazier
Phone
9722247200
Tax Period
2023-01-01 to 2023-12-31

CHOCOLATE MINT FOUNDATION, founded in 2009, is a community nonprofit in the Youth Development sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $984K, a strong 42% operating margin.

Mission

The Chocolate MINT Foundation provides direct services to families and individual defined as low income, living in zip codes of concentrated poverty through our food pantry, senior meal program, children and youth mentoring, financial literacy programs, rental and utility assistance and through supportive services program, making a tangible impact on our community's food insecurity, education and financial disparities. 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.

Program Service Accomplishments

Program 1
Expenses: $569,374 Revenue: $352,422

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...

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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. Seeks to reduce food insecurity, increase nutritional intake, and promote socialization and healthy living to mobile seniors and promote independent living to homebound, disabled and veterans who cannot easily access food. With the help of volunteers in 2023 TCMF distributed 2,195,876 pounds of food, 731,958 meals to 7,788 food insecure families. We also served 21,301 ready made meals to 223 Seniors over 60 years old and we distributed 1,250 Turkey Baskets at our Annual Turkey Basket Giveaway.

Program 2
Expenses: $19,544 Revenue: $2,065

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...

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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. Promotes literacy and math as essential components of a child's education by providing one-on-one tutoring, support, and enrichment activities. Provides youth ages 12-18 with the ability to understand and apply financial skills, including finance management, credit building, budgeting, and investing in order to achieve financial literacy. Connects mentors with youth with the efforts to improve their academic achievement, self-esteem, social competence, and avoidance of problem/high-risk behavior by providing a relationship with a caring adult who works to help youth reach their potential. Empower youth to make healthy lifestyle choices and reverse the trend of childhood obesity and its associated health issues by educating children on the value of nutrition, how to prepare healthy meals and exercise. Provides youth with the opportunity to learn life skills, enhance their financial knowledge, and support their pursuit of a college degree or long-term employment through curriculum-based training. TCMF distributed 5,097 toys to 791 kids through our Annual Toy Giveaway for kids. We also distributed school supplies to 750 school aged children through Annual Back to School Event. We reached 1,631 underserved kids through our community outreach events along with providing 10 kids ages 11-14 with Financial Literacy Workshops, Nutrition and healthy lifestyle workshop and College and Career readiness workshop. TCMF also provided Tutoring and Mentoring Services to 50 kids.

Program 3
Expenses: $659,480 Revenue: $1,291,893

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...

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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. Provides families with economic emergencies or financial hardships with rental, utility, or mortgage assistance. Program helps families increase savings, improve credit scores, acquire new lines of credit, increased savings, and decrease debt to income ratio. TCMF provided $467,438 housing and utility assistance to 646 households pending eviction, at risk of imminent homelessness, or pending utility disconnection. We also improved the credit score, reduced debt to income ratio and increased saving for 10 families.

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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 $2,346,768
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,346,768

Expense Breakdown

Grants Paid $455,497
Salaries & Benefits $534,326
Fundraising Expenses $47,516
Program Expenses $1,248,398
Other Expenses $373,187
TOTAL EXPENSES $1,363,010

Year-over-Year Comparison

2023 2022 Change
Revenue $2,346,768 $2,886,442 -0.2%
Expenses $1,363,010 $2,904,024 -0.5%
Net Income $983,758 $-17,582 -57.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
6
Employees
16
Volunteers
736

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
0
$0
Total Directors
9
$83,861
Key Employees
1
$83,861
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Felicia Frazier Executive Director 50
Director Key Emp Highest
$83,861 $0 $83,861
Samantha Brooks Board Member 5
Director
$0 $0 $0
George Forbis Treasurer 5
Director
$0 $0 $0
Vandrous Stripling Board Member 5
Director
$0 $0 $0
Flora Webb Board Member 5
Director
$0 $0 $0
Kabrina Luckey Advisory Board Chair 5
Director
$0 $0 $0
Brittney Green Youth Director & Co-Chair Alumni Board Chair 5
Director
$0 $0 $0
Brandi Green Asst Youth Director & Co-Chair Alumni Board Chair 5
Director
$0 $0 $0
Roxie Hamilton Director of Logistics 5
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
2024 No data No data No data No data
2023 $2,346,768 $1,363,010 $917,212 $983,758
2022 $2,886,442 $2,904,024 $853,819 $-17,582
2021 $3,502,041 $2,941,899 $983,539 $560,142
2021 $3,392,802 $2,961,414 $822,925 $431,388
2020 $796,524 $862,781 $198,491 $-66,257
2019 $302,927 $266,008 $235,895 $36,919
2018 $373,506 $296,901 $222,144 $76,605
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