The Psychological Center Inc
- Assets
- $1.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 56
- Location
- Lawrence, MA
- Founding
- 08/1972
- Data as of
- 06/2021
- EIN
- 23-7185825
Organization Overview
The Psychological Center Inc is located in Lawrence, MA. The organization was established in 1972. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Psychological Center Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psychological Center 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, Psychological Center Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 0.0% 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
TO EMPOWER PEOPLE TO RECLAIM THEIR LIVES BY PROVIDING SUBSTANCE ABUSE EDUCATION AND TREATMENT, SAFE SHELTER, AND LIFE SKILLS FOR A FUTURE FILLED WITH PROMISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSTANCE ABUSE PREVENTION/RECOVERY CENTER/HOMELESS SHELTER AND ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carina Pappalardo CEO | Officer | 40 | $122,980 |
Barbara Grondine President | OfficerTrustee | 1 | $0 |
Jessica Finocchiaro Director | Trustee | 1 | $0 |
Karen Bramwell Director | Trustee | 1 | $0 |
Penny Hamel Director | Trustee | 1 | $0 |
Charles Manzi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $176,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,917 |
| Total Program Service Revenue | $2,075,686 |
| 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 | $2,487,603 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $120,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,101,010 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,725 |
| Payroll taxes | $115,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,757 |
| Fees for services: Accounting | $33,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,907 |
| Office expenses | $33,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,680 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,109 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,589 |
| Insurance | $66,506 |
| All other expenses | $56,193 |
| Total functional expenses | $1,973,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,396,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,642 |
| 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 | $14,374 |
| Net Land, buildings, and equipment | $81,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,350 |
| Total assets | $1,742,873 |
| Accounts payable and accrued expenses | $447,474 |
| 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 | $800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,247,474 |
| Net assets without donor restrictions | $495,399 |
| 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 | $1,742,873 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Psychological Center Inc has recieved totaling $42,855.
| Awarding Organization | Amount |
|---|---|
Oneworld Boston Inc Woburn, MA PURPOSE: HEALTH AND PREVENTION | $25,000 |
Rags Of Honor 1 Chicago, IL PURPOSE: Unrestricted | $9,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,812 |
The Savings Bank Charitable Foundation Inc Wakefield, MA PURPOSE: GENERAL SUPPORT | $2,000 |
We Share A Common Thread Foundation Inc Lowell, MA PURPOSE: EXEMPT PURPOSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Eastside Service Center Inc New York, NY | $18,518,556 | $19,028,125 |
Victory Programs Inc Boston, MA | $13,484,459 | $20,494,134 |
Codac Inc Cranston, RI | $7,883,380 | $20,562,671 |
National Association On Drug Abuse Problems New York State Inc New York, NY | $7,722,509 | $16,122,188 |
Midwestern Connecticut Council Of Alcoholism Inc Danbury, CT | $14,682,588 | $14,280,578 |
Manchester Alcoholism Rehabilitation Center Manchester, NH | $20,749,931 | $13,271,574 |
Connecticut Renaissance Inc Shelton, CT | $3,197,741 | $13,899,862 |
Bronx Addiction Services Integrated Concepts System Inc Bronx, NY | $5,540,701 | $12,540,388 |
Casa Esperanza Inc Roxbury, MA | $7,692,330 | $13,392,453 |
Steppingstone Inc Fall River, MA | $5,324,915 | $12,106,634 |
The Southeastern Council On Alcoholism And Drug Dependence Inc Lebanon, CT | $3,252,987 | $10,608,737 |
Cazenovia Recovery Systems Inc Buffalo, NY | $14,901,273 | $11,296,604 |