Michigan School Of Psychology
- Assets
- $11.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 90
- Location
- Farmington Hills, MI
- Founding
- 03/1981
- Data as of
- 08/2022
- EIN
- 38-2333042
Organization Overview
Michigan School Of Psychology is located in Farmington Hills, MI. The organization was established in 1981. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 08/2022, Michigan School Of Psychology employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan School Of Psychology 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 08/2022, Michigan School Of Psychology generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $5.5m during the year ending 08/2022. While expenses have increased by 8.0% per year over the past 7 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
EDUCATE PSYCHOLOGISTS TODAY WHO WILL TRANSFORM OUR WORLD TOMORROW. WE PROVIDE EXPERIENTIAL AND SCHOLARLY TRAINING IN CLINICAL PSYCHOLOGY FOR STUDENTS WHO WANT TO MAKE A DIFFERENCE. OUR EXPERIENCED FACULTY OF PRACTITIONER-SCHOLARS TEACH PSYCHOLOGICAL THEORY, TECHNIQUE AND SKILLS NEEDED FOR PRACTICE. OUR ALUMNI BECOME CLINICIANS WHO HELP CHANGE THE LIVES OF PEOPLE IN COMMUNITY CLINICS, HOSPITALS, SHELTERS, PRISONS, AND IN PRIVATE PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH ITS MISSION, DURING THE 2021-22 ACADEMIC YEAR, THE MICHIGAN SCHOOL OF PSYCHOLOGY ENROLLED 209 FULL- AND PART- TIME STUDENTS IN THE MASTER AND DOCTOR OF PSYCHOLOGY PROGRAMS (59% MASTER'S PROGRAM, 2% ABA PROGRAM AND 39% DOCTORAL PROGRAM). IN THE 2021- 2022 ACADEMIC YEAR, 74 INDIVIDUALS EARNED MASTER OF ARTS IN CLINICAL PSYCHOLOGY DEGREES, 2 INDIVIDUALS EARNED ABA CERTIFICATES, AND 16 INDIVIDUALS EARNED A DOCTOR OF PSYCHOLOGY DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Brown Fmr Presiden | OfficerTrustee | 40 | $210,412 |
Diane Zalapi Vice Preside | Officer | 40 | $194,323 |
Shannon Chavez-Korell PHD Dean Academi | 40 | $140,345 | |
Ruth Anan PHD Lp Bcba-D Director Of | 40 | $109,677 | |
Heidi Martin Dir. Of Cl T | 40 | $108,275 | |
Deandre A Lipscomb Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,279 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,844 |
| Total Program Service Revenue | $6,203,711 |
| Investment income | $128,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,562,014 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $99,175 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,854 |
| Compensation of current officers, directors, key employees. | $236,193 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,846,861 |
| Pension plan accruals and contributions | $129,350 |
| Other employee benefits | $280,629 |
| Payroll taxes | $229,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,427 |
| Fees for services: Accounting | $123,611 |
| Fees for services: Lobbying | $47,040 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,219 |
| Advertising and promotion | $0 |
| Office expenses | $22,399 |
| Information technology | $93,335 |
| Royalties | $0 |
| Occupancy | $253,422 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,048 |
| Insurance | $67,184 |
| All other expenses | $21,142 |
| Total functional expenses | $5,460,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,274 |
| Savings and temporary cash investments | $2,865,888 |
| Pledges and grants receivable | $40,124 |
| Accounts receivable, net | $15,064 |
| 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 | $179,751 |
| Net Land, buildings, and equipment | $5,489,236 |
| Investments—publicly traded securities | $2,653,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $187,340 |
| Total assets | $11,594,534 |
| Accounts payable and accrued expenses | $188,934 |
| Grants payable | $0 |
| Deferred revenue | $259,626 |
| 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 | $2,640,753 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,021 |
| Total liabilities | $3,095,334 |
| Net assets without donor restrictions | $8,449,744 |
| Net assets with donor restrictions | $49,456 |
| 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 | $11,594,534 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Michigan School Of Psychology has recieved totaling $10,062.
| Awarding Organization | Amount |
|---|---|
Wilkinson Foundation Comercia Bank Chelsea, MI PURPOSE: EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Endowment Analysis
| Beg. Balance | $4,440 |
| Ending Balance | $4,440 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |
Michigan School Of Psychology Farmington Hills, MI | $11,594,534 | $6,562,014 |
Graduate School Of Banking Inc Madison, WI | $1,229,337 | $3,378,911 |
Winebrenner Theological Seminary Findlay, OH | $3,677,557 | $2,219,718 |
Ocpm Foundation Independence, OH | $30,615,843 | $4,571,650 |
Veritas Baptist College Inc Lawrenceburg, IN | $617,304 | $1,024,760 |
Center For Healthcare Education And Simulation Inc Madison, WI | $579,310 | $604,107 |
Mesara Family Foundation Kalamazoo, MI | $7,044,084 | $179,741 |
Institute For The Future Of Law Practice Inc Bloomington, IN | $41,646 | $339,532 |
Cincinnati Psychoanalytic Institute Cincinnati, OH | $83,547 | $340,652 |