Psychotherapy & Spirituality Institute Inc
- Assets
- $234.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 13-4187902
Organization Overview
Psychotherapy & Spirituality Institute Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Psychotherapy & Spirituality Institute Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psychotherapy & Spirituality Institute Inc 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 12/2022, Psychotherapy & Spirituality Institute Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PSYCHOTHERAPY, COUNSELING, TRAINING, AND CONTINUING EDUCATION TO ADDRESS THE EMOTIONAL AND SPIRITUAL HEALTH OF THE PEOPLE OF NEW YORK CITY AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSI PROVIDES PSYCHOTHERAPY TO INDIVIDUALS, COUPLES AND FAMILIES; TRAINS MENTAL HEALTH CLINICIANS IN THE MODALITY OF SPIRITUALLY-INFORMED CARE, AND PROVIDES CONSULTATIVE SERVICES TO NONPROFITS, SPIRITUAL COMMUNITIES AND BUSINESSES. AS A RESULT OF THE PANDEMIC, PSI'S SERVICES ARE HYBRID-BOTH IN PERSON AND VIA TELEHEALTH. IN THE PREVIOUS YEAR, THERAPISTS PROVIDED THERAPY TO OVER 500 CLIENTS; STAFF LED AN ANNUAL CERTIFICATE PROGRAM, ALONG WITH A 28-HOUR MBSR COURSE TO MORE THAN A DOZEN THERAPISTS, CLERGY AND CHAPLAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Rev John A Kamas Chairman | OfficerTrustee | 1 | $0 |
Joseph P Merlino MD Secretary | OfficerTrustee | 1 | $0 |
David Sorblum Treasurer | OfficerTrustee | 1 | $0 |
Sarah Mccaslin Executive Director/therapist | Officer | 50 | $108,958 |
Kathleen Kelley Therapist | 40 | $138,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000 |
| Total Program Service Revenue | $1,050,336 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50 |
| 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 | $1,063,542 |
| 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. | $108,958 |
| Compensation of current officers, directors, key employees. | $7,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $728,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $13,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,640 |
| Advertising and promotion | $3,791 |
| Office expenses | $9,044 |
| Information technology | $9,977 |
| Royalties | $0 |
| Occupancy | $33,343 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,546 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,522 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,050,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,107 |
| Savings and temporary cash investments | $136,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,231 |
| 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 | $27,744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,260 |
| Total assets | $234,928 |
| Accounts payable and accrued expenses | $45,231 |
| 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 | $45,231 |
| Net assets without donor restrictions | $188,426 |
| Net assets with donor restrictions | $1,271 |
| 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 | $234,928 |