Psi World
- Assets
- $7.7m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 23-7396641
Organization Overview
Psi World is located in Jacksonville, FL. The organization was established in 1974. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psi World 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, Psi World generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.4% each year . All expenses for the organization totaled $220.8k during the year ending 12/2021. 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
PSI WORLD CONDUCTS EDUCATIONAL SEMINARS; ENCOURAGING A HEALTHY BALANCE OF THE PHYSICAL, MENTAL, AND SPIRITUAL ASPECTS OF MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PSI WORLD CONDUCTS EDUCATIONAL SEMINARS; ENCOURAGING A HEALTHY BALANCE OF THE PHYSICAL, MENTAL, AND SPIRITUAL ASPECTS OF MANKIND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcmahan CFO | OfficerTrustee | 5 | $0 |
Janessa Willhite Meyers President | OfficerTrustee | 5 | $0 |
Robert Sikora Director | Trustee | 1 | $0 |
Robert Sikora Director | Trustee | 1 | $0 |
Debbie Vogel Secretary | OfficerTrustee | 1 | $0 |
Jane Willhite Chairwoman | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,063 |
| Investment income | $188,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,536 |
| Net Gain/Loss on Asset Sales | $6,626,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$142,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,748,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $30,726 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $1,585 |
| Fees for services: Accounting | $16,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,431 |
| Fees for services: Other | $33,395 |
| Advertising and promotion | $4,454 |
| Office expenses | $25,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,074 |
| All other expenses | $0 |
| Total functional expenses | $220,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,108 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $17,532 |
| Notes and loans receivable | $4,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,205,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,667,620 |
| Accounts payable and accrued expenses | $135,520 |
| 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 | $135,520 |
| Net assets without donor restrictions | $7,400,392 |
| Net assets with donor restrictions | $131,708 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,532,100 |