Pennsylvania Psychiatric Society
- Assets
- $816.1k
- Revenue
- $449.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Severna Park, MD
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 23-1548659
Organization Overview
Pennsylvania Psychiatric Society is located in Severna Park, MD. The organization was established in 1993. According to its NTEE Classification (F03) the organization is classified as: Professional Societies & 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. Pennsylvania Psychiatric Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Pennsylvania Psychiatric Society generated $449.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $384.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. 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
TO ADVANCE THE KNOWLEDGE, SCIENCE, AND PRACTICE OF PSYCHIATRY, TO IMPROVE THE QUALITY OF PSYCHIATRIC PRACTICE AND TRAINING, AND TO IMPROVE THE MENTAL HEALTH OF THE COMMUNITY THROUGH INCREASED USE OF PSYCHIATRIC SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING MEDICAL EDUCATION PROGRAMS (CME) IS OFFERED BOTH IN-PERSON AND VIRTUALLY TO ALL MEMBERS OF THE PENNSYLVANIA PSYCHIATRIC SOCIETY AT THE DISTRICT BRANCH AND CHAPTER LEVELS. DURING 2022, THE SOCIETY OFFERED A PATIENT SAFETY & RISK MANAGEMENT CONFERENCE, ADDICTION SYMPOSIUM, RISK MANAGEMENT WEBINARS, RESIDENT POSTER EVENTS, AND A WOMEN'S EDUCATIONAL CONFERENCE.
DISTRICT BRANCH (STATE) AND CHAPTER COUNCILS AND COMMITTEES MEET REGULARLY THROUGHOUT THE YEAR TO DEVELOP AND RESTRUCTURE POLICIES AND PROGRAMS. IN 2022, THE DISTRICT BRANCH HELD ITS ANNUAL BOARD ORIENTATION IN JUNE AND IN SEPTEMBER HELD ITS FIRST BOARD RETREAT FOR ALL DISTRICT BRANCH AND CHAPTER LEADERS, FOCUSING ON GOALS AND OBJECTIVES TO ADVANCE THE MISSION OF THE SOCIETY. A STRATEGIC PLAN WAS IMPLEMENTED BASED ON OUTCOMES FROM THE BOARD RETREAT.
THE PENNSYLVANIA PSYCHIATRIST NEWSLETTER PUBLICATION WAS EXPANDED TO A QUARTERLY PUBLICATION AND IS DISTRIBUTED TO ALL MEMBERS OF THE SOCIETY ELECTRONICALLY AND AVAILABLE ON THE WEBSITE (HTTPS://WWW.PAPSYCH.ORG). THE NEWSLETTER IS COMPLIMENTARY TO MEMBERS AND CONTAINS SCIENTIFIC, EDUCATIONAL, AND RESEARCH ARTICLES, EDITORIALS, COUNCIL AND CHAPTER HIGHLIGHTS, AND INFORMATION ON UPCOMING EVENTS AND PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dhanalakshmi Ramasamy MD Pres. Until May, Then Imm. Past Pres. | OfficerTrustee | 2 | $0 |
Hope Selarnick MD Pres.-Elect Until May, Then Pres. | OfficerTrustee | 1 | $0 |
Kavita Fischer MD Vice Pres Until May, Then Treasurer | OfficerTrustee | 0.5 | $0 |
Usman Hameed MD Treasurer Until May, Then Vice-Pres. | OfficerTrustee | 0.5 | $0 |
Kawish Garg MD Secretary Until May | OfficerTrustee | 0.5 | $0 |
Richard R Silbert MD Immediate Past Pres. Until May | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $448,389 |
| 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 | $449,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $297,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $200 |
| Fees for services: Lobbying | $37,456 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,574 |
| Information technology | $5,588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,886 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,620 |
| All other expenses | $0 |
| Total functional expenses | $384,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $788,353 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,734 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $816,092 |
| Accounts payable and accrued expenses | $858 |
| Grants payable | $0 |
| Deferred revenue | $86,899 |
| 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 | $87,757 |
| Net assets without donor restrictions | $728,335 |
| 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 | $816,092 |