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Mental Insight Foundation: Case Study

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The Mental Insight Foundation has been one of IPP’s largest funders for several years. The partnership is very important to the agency. In fact, MIF provided $25,000 to the agency in an emergency grant for 2014 to assist the agency in its time of need.

Staff met with the then interim Executive Director, Billie Mizell and the Associate Director, Jennifer Thompson at the beginning of the year to discuss the changes in staff at the agency and the current financial situation. As you will remember, Ellen Barry was hired in 2012 to replace Jacques Verduin, the founder of the organization. She took this position aware of a $100,000 deficit and an outdated financial system. The organization was in financial, and staffing turmoil. Ms. Barry worked hard to turn the financial side of the agency around. She brought in a new accountant, hired a nonprofit accounting and financial management firm, and seated four new Board members, but it was not enough. …show more content…
Ms. Mizell also had worked with Robin Braverman and Associates (hired in 2013) to align the accounting system with GAPP. The upgraded accounting system showed a $174,755.10 deficit for 2013-2014. This larger deficit on paper reflected allocating grant funds when the award letter was received not when the funds were received. The organization had no real debt. A more balanced budget was created with significant cuts to expenses in 2015 and 2016. The program side has not suffered. She shifted around staff and hosted a very successful fundraising dinner. She was hired as the permanent Executive Director in September

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