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

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.

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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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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