Sage Institute For Psychedelic Therapy
- Assets
- $268.3k
- Revenue
- $704.9k
- Investments
- $0.0
- Employees
- 32
- Location
- Oakland, CA
- Founding
- Data as of
- 08/2022
- EIN
- 84-2480193
Organization Overview
Sage Institute For Psychedelic Therapy is located in Oakland, CA. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2022, Sage Institute For Psychedelic Therapy employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sage Institute For Psychedelic Therapy 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, Sage Institute For Psychedelic Therapy generated $704.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 70.3% each year . All expenses for the organization totaled $845.1k during the year ending 08/2022. 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
ALCHEMY COMMUNITY THERAPY CENTER PROVIDES HIGH-QUALITY TRAINING, ACCESIBLE PSYCHEDELIC THERAPY, AND INNOVATIVE RESEARCH, FOSTERING EFFECTIVE AND CULTURALLY-RESPONSIBLE MENTAL HEALTH TREATMENT FOR UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALCHEMY COMMUNITY THERAPY CENTER PROVIDES HIGH-QUALITY TRAINING, ACCESIBLE PSYCHEDELIC THERAPY, AND INNOVATIVE RESEARCH, FOSTERING EFFECTIVE AND CULTURALLY-RESPONSIBLE MENTAL HEALTH TREATMENT FOR UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Genesee Herzberg Executive Dir. | OfficerTrustee | 20 | $54,788 |
Irina Alexander Director | OfficerTrustee | 20 | $37,251 |
Kat Conour Chairman | OfficerTrustee | 5 | $0 |
Mark Grant Treasurer | OfficerTrustee | 2 | $0 |
Charlie Bathgate Secretary | OfficerTrustee | 5 | $0 |
Deidra Somerville Executive Dir. | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,325 |
| Noncash contributions included in lines 1a–1f | $84 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,325 |
| Total Program Service Revenue | $302,562 |
| Investment income | $0 |
| 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 | $704,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,198 |
| Compensation of current officers, directors, key employees. | $47,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,728 |
| Payroll taxes | $49,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,255 |
| Fees for services: Accounting | $8,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,337 |
| Advertising and promotion | $2,454 |
| Office expenses | $3,009 |
| Information technology | $6,426 |
| Royalties | $0 |
| Occupancy | $55,200 |
| 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 | $0 |
| Insurance | $15,058 |
| All other expenses | $0 |
| Total functional expenses | $845,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,572 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $833 |
| 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 | $4,262 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,600 |
| Total assets | $268,267 |
| Accounts payable and accrued expenses | $27,456 |
| 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 | $27,456 |
| Net assets without donor restrictions | $240,811 |
| 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 | $268,267 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sage Institute For Psychedelic Therapy has recieved totaling $99,285.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $50,000 |
Evolve Foundation International San Rafael, CA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Goodcoin Foundation Charleston, SC PURPOSE: GENERAL SUPPORT | $14,285 |
Riverpsykhe Inc Kirkland, WA PURPOSE: General support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tidepool Project Palo Alto, CA | $8,802,323 | $8,057,426 |
The Clearity Foundation San Diego, CA | $1,046,628 | $2,174,746 |
Parkinson & Movement Disorder Alliance Tucson, AZ | $977,925 | $2,055,222 |
Ignite Collective Inc Mammoth Lakes, CA | $797,462 | $1,150,173 |
National Foundation For Autism Research San Diego, CA | $831,651 | $1,066,123 |
Vinnova Portland, OR | $117,552 | $1,020,031 |
Sage Institute For Psychedelic Therapy Oakland, CA | $268,267 | $704,887 |
International Hyperbarics Association Inc Los Angeles, CA | $361,311 | $721,513 |
Autism Research Group Inc Woodland Hills, CA | $410,160 | $209 |
Baron Jay Foundation North Hollywood, CA | $93,707 | $523,939 |
Oligo Nation Sebastopol, CA | $1,684,218 | $672,520 |
Napa Medical Research Foundation Napa, CA | $643,570 | $680,537 |