| Entity | Document Type | Tax ID |
|---|---|---|
| Mental Health America | IRS Form 990 | 13-1614906 |
| Mental Health America | Audited Financial Statements | 13-1614906 |
|
Entity: Mental Health America Document Type: IRS Form 990 Tax ID: 13-1614906 |
|
Entity: Mental Health America Document Type: Audited Financial Statements Tax ID: 13-1614906 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Mary Giliberti | Chief Public Policy Officer | $253,561 |
| 2 | Jessica Kennedy | Chief Strategy & Finance Officer | $199,597 |
| 3 | Frederick M. King | Executive VP, Office Services & HR | $185,232 |
|
1 Name: Mary Giliberti Title: Chief Public Policy Officer Compensation: $253,561 |
|
2 Name: Jessica Kennedy Title: Chief Strategy & Finance Officer Compensation: $199,597 |
|
3 Name: Frederick M. King Title: Executive VP, Office Services & HR Compensation: $185,232 |
CharityWatch's rating of Mental Health America (MHA) does not include the mental health associations affiliated with MHA. According to the MHA audit of December 31, 2021 (Note 2 re: Affiliates): "Each of the mental health associations affiliated with MHA elects its own board of directors, conducts service programs independent of MHA and maintains its own financial accounts. Accordingly, due to lack of control, the financial statements of MHA do not include the accounts and activities of these affiliated organizations. MHA received dues from affiliates, which totaled $117,813 and $138,293 for the years ended December 31, 2021 and 2020, respectively. MHA made grants to affiliates, which totaled $161,500 and $86,190 for the years ended December 31, 2021 and 2020, respectively..." |
According to the Mental Health America (MHA) 2021 tax filing, MHA received donated services and use of facilities on which it placed a value of $697,678 and received contributed in-kind "online ads" on which it placed a value of $600,208 (IRS Form 990, Schedule D, Part XI & Schedule M). [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the Mental Health America (MHA) audit of December 31, 2021 (Note 11, Refundable Advance): "In March 2020, the Coronavirus Aid, Relief, and Economic Security Act (the 'CARES Act') was signed into law to provide emergency assistance and health care response for individuals, families and businesses affected by the 2020 coronavirus pandemic. Under the CARES Act, MHA applied for a Paycheck Protection Program ('PPP') loan with a bank that is administered by the Small Business Administration ('SBA'), and received $432,438 during April 2020. The PPP loan has a 1.0% rate of interest and a six-month deferral of principal and interest payments... MHA used the full amount of the PPP funds for payroll and other qualified expenses and expected the loan to be forgiven when the submission is approved by the bank and the SBA. "...Based on the facts and circumstances, MHA has determined it most appropriate to account for the PPP loan proceeds under the conditional contribution model... Under the conditional contribution model, MHA recognizes the proceeds received as a refundable advance, and subsequently recognizes grant revenue as the conditions are met. ... The conditions related to the right of return and barrier of the conditional contribution were met upon the acceptance of MHA's PPP loan forgiveness application in June 2021. Therefore, MHA recognized $432,438 as grant revenue during the year ended December 31, 2021." |
According to the Mental Health America (MHA) audit of December 31, 2021 (Note 2 re: Financial risk): "MHA invests in a professionally managed portfolio that contains mutual funds. Such investments are exposed to various risks, such as market and credit. Due to the level of risk associated with such investments and the level of uncertainty related to changes in the value of such investments, it is at least reasonably possible that changes in risks in the near-term could materially affect investment balances and the amounts reported in the financial statements." |
According to the Mental Health America (MHA) audit of December 31, 2021 (Note 12, Commitments and Contingency, Pandemic): "Subsequent to the coronavirus outbreak in 2020 in the United States, there has been substantial volatility in financial markets and the economy. Actions taken around the world to help mitigate the spread of the coronavirus include restrictions on travel, quarantines in certain areas, and forced closures for certain types of public places and businesses. The coronavirus, and actions taken to mitigate it, may have an adverse impact on the economies and financial markets of many countries, including the geographical area in which MHA operates. Since this could have long lasting impacts on MHA, management will continue to review and adjust planned expenditures should it be determined the outbreak will significantly impact the statement of financial position and statement of activities of MHA." |
