Psychotherapy Action Network
- Assets
- $429.7k
- Revenue
- $164.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-4724252
Organization Overview
Psychotherapy Action Network is located in Chicago, IL. The organization was established in 2018. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, 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. Psychotherapy Action Network 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 12/2023, Psychotherapy Action Network generated $164.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $105.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION/ADVOCACY - ENGAGEMENT WITH AND EDUCATION OF THE PUBLIC THROUGH INTERNET AND SOCIAL MEDIA
PROFESSIONAL EDUCATION/ADVOCACY - EDUCATION OF MEMBERSHIP REGARDING EVIDENCE BASE AND INSURANCE ISSUES
POLICYMAKER EDUCATION/ADVOCACY - COMMUNICATION WITH POLICYMAKERS REGARDING EVIDENCE BASE, PUBLIC PERCEPTION, AND ISSURANCE ISSUES
RESEARCH - RESEARCH ON PUBLIC PERCEPTIONS OF PSYCHOTHERAPY AND THE MARKETPLACE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Michaels President | 35 | $22,645 | |
Felecia Powell-Williams Secretary | 1 | $0 | |
Pratyusha Tummala-Narra Vice President | 1 | $0 | |
Janice Muhr Treasurer | 15 | $9,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $135,479 |
| Interest on Savings | $78 |
| Dividends & Interest | $6,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $1,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,500 |
| Total Revenue | $164,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,001 |
| Other employee salaries and wages | $1,915 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,051 |
| Printing and publications | $144 |
| Other expenses | $13,044 |
| Total operating and administrative expenses | $105,776 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $105,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,805 |
| Savings and temporary cash investments | $388,936 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $429,741 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $381 |
| Total liabilities | $381 |
Grants Awarded
Over the last fiscal year, Psychotherapy Action Network has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO PSYCHOANALYTIC INSTITUTE (CPI) PURPOSE: DONATION TO AN EDUCATIONAL FUND CREATED BY CPI | $500 |
ROOM PURPOSE: REFLECT ON CURRENT ISSUESIN ADDITION TO BRINGING THE VOICES OF RECOGNIZED WRITERS AND ARTISTS TO NEW COMMUNITIES. | $500 |