Institute For Meditation & Psychotherapy
- Assets
- $310.3k
- Revenue
- $225.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 10/1996
- Data as of
- 12/2021
- 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 12/2021, Institutefor Meditation And Psycho generated $225.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $212.4k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 - Line 4a
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Fullon Board Member | Trustee | 20 | $107,370 |
Name Not Listed Contract Employee | Officer | 4 | $16,358 |
Susan Fairchild Contract Employee | Officer | 3 | $14,000 |
Jorge Armesto Contract Employee | Officer | 3 | $12,000 |
Humanized Communicati Contract Employee | Officer | 3 | $8,693 |
Charles Styron Treasurer | OfficerTrustee | 3 | $8,204 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,195 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,835 |
| Total Program Service Revenue | $209,456 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,767 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,495 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,749 |
| Advertising and promotion | $5,200 |
| Office expenses | $28,051 |
| Information technology | $0 |
| Royalties | $2,529 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $212,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,343 |
| Accounts payable and accrued expenses | $217,716 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $217,716 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $310,343 |
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