Boston Psychoanalytic Society And Institute Inc
- Assets
- $17.5m
- Revenue
- $2.7m
- Investments
- $10.4m
- Employees
- 9
- Location
- Newton Centre, MA
- Founding
- 07/1954
- Data as of
- 06/2021
- EIN
- 04-2010675
Organization Overview
Boston Psychoanalytic Society And Institute Inc is located in Newton Centre, MA. The organization was established in 1954. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Boston Psychoanalytic Society And Institute Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Psychoanalytic Society And Institute Inc 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 06/2021, Boston Psychoanalytic Society And Institute Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BOSTON PSYCHOANALYTIC SOCIETY AND INSTITUTE IS DEDICATED TO THE ENDURING VITALITY OF PSYCHOANALYTIC THOUGHT AND PRACTICE IN THE CONTEMPORARY WORLD. THROUGH OUR COMMITMENT TO EXCELLENCE IN EDUCATION, RESEARCH, AND TREATMENT, WE SEEK TO REDUCE EMOTIONAL SUFFERING AND ADVANCE THE GREATER UNDERSTANDING AND WELL-BEING OF INDIVIDUALS, FAMILIES, AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED EDUCATIONAL PROGRAMS IN THE FIELD OF PSYCHOANALYTIC EDUCATION, PSYCHOTHERAPY EDUCATION, AND CONTINUING EDUCATION FOR OUR MEMBERSHIP AND THE MENTAL HEALTH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Kimble MD Executive Director | OfficerTrustee | 30 | $111,453 |
Carole A Nathan Managing Director | 40 | $110,158 | |
Julie Watts Licsw Until 43121 Immediate Past President | OfficerTrustee | 1 | $0 |
James Nemetz Treasurer | OfficerTrustee | 1 | $0 |
Michael Caplan MD Secretary | OfficerTrustee | 1 | $0 |
James Barron PHD Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaplan Construction Construction | 6/29/15 | $2,518,967 |
Schwartzsilver Architects Architectural | 6/29/15 | $159,601 |
Creative Office Pavilion Office Furniture Design | 6/29/15 | $155,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $316,781 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,073 |
| Total Program Service Revenue | $298,653 |
| Investment income | $142,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,759,980 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,697,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,858 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,453 |
| Compensation of current officers, directors, key employees. | $57,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,770 |
| Payroll taxes | $39,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,263 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,398 |
| Fees for services: Other | $6,285 |
| Advertising and promotion | $0 |
| Office expenses | $3,682 |
| Information technology | $47,088 |
| Royalties | $0 |
| Occupancy | $87,324 |
| Travel | $360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,745 |
| Insurance | $40,785 |
| All other expenses | $26,817 |
| Total functional expenses | $1,293,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $474,021 |
| Pledges and grants receivable | $11,916 |
| Accounts receivable, net | $32,678 |
| 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 | $14,091 |
| Net Land, buildings, and equipment | $4,266,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,382,314 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,345,071 |
| Total assets | $17,526,827 |
| Accounts payable and accrued expenses | $31,594 |
| 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 | $1,065,972 |
| Total liabilities | $1,097,566 |
| Net assets without donor restrictions | $13,918,367 |
| Net assets with donor restrictions | $2,510,894 |
| 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 | $17,526,827 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boston Psychoanalytic Society And Institute Inc has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Herbst Family Foundation Chicago, IL PURPOSE: PROGRAM SUPPORT | $20,000 |
New England Foundation For Psychoanalysis Inc Wellesley Hills, MA PURPOSE: GENERAL | $5,000 |
The Arons Family Foundation Cambridge, MA PURPOSE: SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $742,218 |
| Earnings | $118,292 |
| Net Contributions | $36,000 |
| Other Expense | $35,703 |
| Ending Balance | $1,006,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lakes Region Mental Health Center Inc Laconia, NH | $16,534,727 | $16,794,140 |
Comprehensive Mental Health Systems North Dartmouth, MA | $3,589,910 | $11,614,122 |
Wellspring Foundation Inc Bethlehem, CT | $6,587,130 | $5,676,810 |
St Josephs Hospital Health Center Foundation Inc Syracuse, NY | $19,284,095 | $2,021,499 |
New York Association Of Psychiatric Rehabilitation Services Inc Albany, NY | $409,776 | $1,929,887 |
Queens County Neuropsychiatric Institute Inc Jackson Heights, NY | $425,058 | $1,253,548 |
American Friends Of Herzog Hospital Inc New York, NY | $302,031 | $1,226,116 |
Boston Psychoanalytic Society And Institute Inc Newton Centre, MA | $17,526,827 | $2,697,086 |
Nami Western Massachusetts Inc Agawam, MA | $62,518 | $0 |
Woodhull Medical & Mental Health Center Auxiliary Inc Brooklyn, NY | $695,712 | $18,384 |