Albert Ellis Institute
- Assets
- $18.1m
- Revenue
- $1.2m
- Investments
- $13.7m
- Employees
- 7
- Location
- New York, NY
- Founding
- 08/1968
- Data as of
- 12/2023
- EIN
- 13-6275133
Organization Overview
Albert Ellis Institute is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Albert Ellis Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Ellis Institute 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, Albert Ellis Institute generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALBERT ELLIS INSTITUTE IS COMMITTED TO THE PROMOTION OF EMOTIONAL & BEHAVIORAL HEALTH TROUGH RESEARCH, PRACTICE, & TRAINING OF MENTAL HEALTH PROFESSIONALS IN THE USE OF RATIONAL-EMOTIVE & COGNITIVE BEHAVIOR THERAPY AS A COMPREHENSIVE, EVIDENCE-BASED PSYCHOTHERAPY.IN FURTHERANCE OF THIS MISSION, THE INSTITUTE PROVIDES COUNSELING SERVICES AND LECTURES/WORKSHOPS FOR THE PUBLIC.
ADVANCED PROFESSIONAL TRAINING TO MENTAL HEALTH PROFESSIONALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristene A Doyle Executive Director | 40 | $173,706 | |
Shannon Brome-Ward President | 3 | $0 | |
Ed Mcginty Secretary/treasurer | 3 | $0 | |
Vincent Mehnert Director | 3 | $0 | |
Julius Roberge Director | 3 | $0 | |
Naif Al-Mutawa Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $585 |
| Interest on Savings | $0 |
| Dividends & Interest | $553,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,527 |
| Capital Gain Net Income | $17,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $651,491 |
| Total Revenue | $1,223,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $274,479 |
| Other employee salaries and wages | $224,571 |
| Pension plans, employee benefits | $77,821 |
| Interest | $0 |
| Taxes | $8,481 |
| Depreciation | $1,156 |
| Occupancy | $509,488 |
| Travel, conferences, and meetings | $1,358 |
| Printing and publications | $0 |
| Other expenses | $184,304 |
| Total operating and administrative expenses | $1,533,957 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,533,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,259 |
| Savings and temporary cash investments | $1,402,778 |
| Net Accounts receivable | $310 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $8,860 |
| Prepaid expenses and deferred charges | $6,995 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $810,914 |
| Net Land, buildings, and equipment | $3,130 |
| Other assets | $2,839,552 |
| Total assets | $18,070,720 |
| Accounts payable and accrued expenses | $301 |
| Grants payable | $0 |
| Deferred revenue | $19,295 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,847,552 |
| Total liabilities | $2,867,148 |