New Jersey Psychiatric Association Inc
- Assets
- $263.8k
- Revenue
- $518.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Neptune, NJ
- Founding
- 04/1956
- Data as of
- 12/2023
- EIN
- 21-0736620
Organization Overview
New Jersey Psychiatric Association Inc is located in Neptune, NJ. The organization was established in 1956. According to its NTEE Classification (F03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, New Jersey Psychiatric Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Psychiatric Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, New Jersey Psychiatric Association Inc generated $518.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $559.0k during the year ending 12/2023. While expenses have increased by 8.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEW JERSEY PSYCHIATRIC ASSOCIATION IS TO SERVE ITS MEMBERS' PROFESSIONAL PRACTICE NEEDS, INCLUDING DELIVERING ESSENTIAL PRACTICE MANAGEMENT TOOLS AND CONTINUING EDUCATION PROGRAMS; FOSTERING PHYSICIAN WELLNESS AS THE FOUNDATION OF SUCCESSFUL PRACTICE; EDUCATING THE PUBLIC AND NEW JERSEY'S LAWMAKERS ON THE SCIENCE OF PSYCHIATRY; SUPPORTING THE DEVELOPMENT OF NJ PSYCHIATRISTS IN TRAINING; PROMOTING THE PROFESSIONAL STANDARDS OF PSYCHIATRIC CARE; AND ADVOCATING TO PROTECT THE INTERESTS OF PATIENTS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER THE SCIENCE, ART AND PROGRESS OF PSYCHIATRY, IN COOPERATION WITH AND AS A CONSTITUENT PART OF THE AMERICAN PSYCHIATRIC ASSOCIATION; TO SERVE AS AN INFLUENCE TOWARD THE MAINTENANCE OF HIGH PROFESSIONAL AND ADMINISTRATIVE STANDARDS THERETO RELATED; TO REPRESENT PSYCHIATRY IN NEW JERSEY; TO ASSIST THE AMERICAN PSYCHIATRY ASSOCIATION IN PROMOTING ITS AIMS AND OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Sagot DO Early Career Psych Trustee/vice President | OfficerTrustee | 1 | $0 |
Amy DE Silva MD Resident Trustee | Trustee | 1 | $0 |
Anna Rossi DO Trustee-At-Large | Trustee | 1 | $0 |
Brian Isaacson MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Consuelo Cagande MD Apa Assembly Rep | Trustee | 1 | $0 |
Debra Koss MD Immediate Past Pres./council On Adv. Trustee | OfficerTrustee | 1 | $34,656 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $182,121 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,591 |
| Total Program Service Revenue | $59,275 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $518,099 |
| 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. | $201,536 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,717 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,374 |
| Advertising and promotion | $50,525 |
| Office expenses | $68,036 |
| Information technology | $14,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $696 |
| All other expenses | $384 |
| Total functional expenses | $558,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,249 |
| Savings and temporary cash investments | $205,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $263,769 |
| Accounts payable and accrued expenses | $1,730 |
| 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 | $1,730 |
| Net assets without donor restrictions | $262,039 |
| 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 | $263,769 |