New Jersey Psychiatric Association Inc
- Assets
- $345.8k
- Revenue
- $223.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Westfield, NJ
- Founding
- 04/1956
- Data as of
- 12/2021
- EIN
- 21-0736620
Organization Overview
New Jersey Psychiatric Association Inc is located in Westfield, 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 12/2021, 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 12/2021, New Jersey Psychiatric Association Inc generated $223.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $254.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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 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 |
|---|---|---|---|
Patricia Decotiis Executive Director | Officer | 40 | $112,990 |
Kenan Osmanovic MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Stephen Matekado Vice President/president Elect | OfficerTrustee | 1 | $0 |
Debra Koss MD President/immediate Past President | OfficerTrustee | 1 | $0 |
Lauren Kaplan-Sagal MD Chapter Trustee/vice President | OfficerTrustee | 1 | $0 |
Ramon Solhkhah MD President Elect/president | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $165,149 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,784 |
| Total Program Service Revenue | $51,790 |
| Investment income | $135 |
| 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 | $223,803 |
| 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. | $114,190 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,701 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,323 |
| Fees for services: Lobbying | $33,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $724 |
| Advertising and promotion | $26,237 |
| Office expenses | $7,582 |
| Information technology | $5,823 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$1,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $622 |
| All other expenses | $0 |
| Total functional expenses | $254,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,479 |
| Savings and temporary cash investments | $245,326 |
| 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 | $345,805 |
| Accounts payable and accrued expenses | $1,255 |
| 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 | $1,255 |
| Net assets without donor restrictions | $344,550 |
| 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 | $345,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Jersey Psychiatric Association Inc has recieved totaling $17,830.
| Awarding Organization | Amount |
|---|---|
American Psychiatric Association Washington, DC PURPOSE: CONTRIBUTION AND LEGISLATIVE ASSISTANCE | $17,830 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mental Health Partnerships Philadelphia, PA | $7,825,414 | $16,042,776 |
Mental Health Association In Essex County Westport, NY | $601,249 | $2,113,385 |
Drug Chemical And Associated Technologies Association Inc Robbinsville, NJ | $7,404,869 | $2,350,712 |
New Jersey Association Of Mental Health And Addiction Agencies Inc Mercerville, NJ | $2,175,561 | $1,839,376 |
Pennsylvania Psychological Association Harrisburg, PA | $1,190,908 | $1,011,140 |
The Mental Health Association In Jefferson County Incorporated Watertown, NY | $173,724 | $778,461 |
New York Integrated Network For Persons With Developmental Disabil Brooklyn, NY | $1,758,205 | $1,507,662 |
International Society For Bipolar Disorders Inc Monroeville, PA | $2,121,867 | $822,920 |
New Jersey Psychological Association Livingston, NJ | $940,228 | $697,746 |
New York State Psychological Association Inc New York, NY | $813,575 | $586,201 |
New York Psychiatric Association Inc Garden City, NY | $406,049 | $494,311 |
The Academy For Clinical And Livingston, NJ | $1,296,112 | $642,925 |