Michigan Psychoanalytic Foundation
- Assets
- $2.5m
- Revenue
- $592.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 12/1988
- Data as of
- 05/2023
- EIN
- 38-2766826
Organization Overview
Michigan Psychoanalytic Foundation is located in Farmington Hills, MI. The organization was established in 1988. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Psychoanalytic Foundation 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 05/2023, Michigan Psychoanalytic Foundation generated $592.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $578.0k during the year ending 05/2023. 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 MICHIGAN PSYCHOANALYTIC FOUNDATION PROVIDES FINANCIAL SUPPORT FOR THE EDUCATIONAL, CLINICAL, AND RESEARCH PROGRAMS OF THE MICHIGAN PSYCHOANALYTIC INSTITUTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS THE MICHIGAN PSYCHOANALYTIC INSTITUTE
THE FOUNDATION RENTS A MAJORITY OF THE BUILDING TO THE MICHIGAN PSYCHOANALYTIC INSTITUTE AND PAYS ALL RELATED OCCUPANCY EXPENSES.
SCHOLARSHIPS FOR CERTAIN CANDIDATES OF THE MICHIGAN PSYCHOANALYTIC INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gilkey MD President | OfficerTrustee | 1 | $0 |
Jane S Miller JD Treasurer | OfficerTrustee | 1 | $0 |
Carol Barbour PHD Trustee | Trustee | 1 | $0 |
Mitchell Elkiss DO Trustee | Trustee | 1 | $0 |
Susan Flinders PHD Trustee | Trustee | 1 | $0 |
Edward Hammond JD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,064 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,126 |
| Total Program Service Revenue | $88,260 |
| Investment income | $30,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,480 |
| Net Gain/Loss on Asset Sales | -$24,738 |
| Net Income from Fundraising Events | $5,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $592,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,768 |
| Grants and other assistance to domestic individuals. | $32,403 |
| 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 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 | $7,022 |
| Fees for services: Accounting | $9,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,358 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,511 |
| Insurance | $0 |
| All other expenses | $13,704 |
| Total functional expenses | $578,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,762 |
| Savings and temporary cash investments | $264,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $440,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,027,381 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,935 |
| Total assets | $2,468,826 |
| Accounts payable and accrued expenses | $25,446 |
| 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 | $577,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,560 |
| Total liabilities | $607,764 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $819,511 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,041,551 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,468,826 |
Grants Awarded
Over the last fiscal year, Michigan Psychoanalytic Foundation has awarded $63,704 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN - DEPT OF PSYCHIATRY PURPOSE: SUPPORT THE PROGRAM FOR RESEARCH ON UNCONSCIOUS PROCESS | $13,748 |
MICHIGAN PSYCHOANALYTIC INSTITUTE PURPOSE: To support the Michigan Psychoanalytic Institute | $49,956 |