Institute For Meditation & Psychotherapy
- Assets
- $247.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 04-3313698
Organization Overview
Institute For Meditation & Psychotherapy, operating under the name Institutefor Meditation And Psycho, is located in Belmont, MA. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institutefor Meditation And Psycho is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Institutefor Meditation And Psycho generated $166.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $173.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE FOR MEDITATION AND PSYCHOTHERAPY IS A NON PROFIT ORGANIZATION DEDICATED TO THE EDUCATION AND TRAINING OF MENTAL HEALTH PROFESSIONALS IN THE INTEGRATION OF MINDFULNESS MEDITATION AND PSYC
Describe the Organization's Program Activity:
Part 3
THE INSTITUTE FOR MEDITATION AND PSYHCOTHERAPY IS A NON PROFIT ORGANIZATION DEDICATEDTO THE EDUCATION AND TRAINING OF MENTAL HEALTH PROFESSIONALS IN THE INTEGRATION OF MINDFULNESS MEDITATION AND PSYCHOTHERAPY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Fulton Board Member | 20 | $13,532 | |
Susan Fairchild Board Member | 20 | $40,000 | |
Sandra L Chew Contract Employee | 4 | $12,000 | |
Jorge Armesto Board Member | 4 | $12,000 | |
Charles Styron Treasurer | 4 | $5,000 | |
Name Not Listed Contract Employee | 4 | $9,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,280 |
| Total Program Service Revenue | $151,887 |
| Membership dues | $6,196 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $166,388 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $110,023 |
| Professional fees and other payments to independent contractors | $19,707 |
| Occupancy, rent, utilities, and maintenance | $25,304 |
| Printing, publications, postage, and shipping | $93 |
| Other expenses | $18,000 |
| Total expenses | $173,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241,440 |
| Other assets | $0 |
| Total assets | $247,483 |
| Total liabilities | $0 |
| Net assets or fund balances | $247,483 |