Minnesota Psychological Association
- Assets
- $329.0k
- Revenue
- $321.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1973
- Data as of
- 12/2022
- EIN
- 23-7269832
Organization Overview
Minnesota Psychological Association is located in Minneapolis, MN. The organization was established in 1973. 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. Minnesota Psychological Association 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, Minnesota Psychological Association generated $321.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $289.8k during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE SCIENCE OF PSYCHOLOGY AND ITS APPLICATIONS THROUGHOUT MINNESOTA SO THAT THE INTERESTS OF PUBLIC WELFARE AND PSYCHOLOGISTS ARE MUTUALLY ENHANCED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MPA ENHANCES PUBLIC AND PSYCHOLOGICAL INTEREST BY PROMOTING THE SCIENCE OF PSYCHOLOGY AND ITS APPLICATIONS. MPA PROVIDES QUALITY CONTINUING EDUCATION OPPORTUNITIES THROUGH ITS - FIRST FRIDAY FORUMS, FRIDAY FORUM ENCORES AND DISTINGUISHED SCHOLAR LECTURES. CONTINUING EDUCATION CREDITS ARE AVAILABLE TO ITS 1000 MEMBERS.
MPA IS INNOVATIVE BY CREATING NEW ROLES FOR PSYCHOLOGISTS THROUGH LEGISLATION AND MARKETING, RESULTING IN PSYCHOLOGISTS WHO FEEL POSITIVELY ABOUT THEIR PROFESSION AND THE PUBLIC UNDERSTANDING FOR THE NEED FOR PSYCHOLOGY.
MPA HELD 1 CONFERENCE DURING 2022 WHICH WAS THEIR ANNUAL CONFERENCE. MPA ALSO PROVIDED MANY OTHER EDUCATIONAL OPPORTUNITIES. THESE EVENTS PROVIDE CE CREDITS TO PSYCHOLOGISTS THROUGH THE THEMES OF CONNECTIONS, PROTECTION, AND GROWTH. THE CONFERENCE IS AIMED TO BRING MENTAL HEALTH PROFESSIONALS AND CLIENTS TOGETHER THROUGH COMMON LINKS OF RESEARCH, ACADEMICS, AND SCIENTIFIC PRINCIPLE APPLICATION. THE CONFERENCES SOUGHT TO PROTECT CONSUMERS, PRACTITIONER WELL-BEING, AND THE FUTURE OF PSYCHOLOGY. ALSO, THE CONFERENCES FOCUSED ON THE GROWTH OF PSYCHOLOGISTS AS PROFESSIONALS, PSYCHOLOGY AS A DISCIPLINE, AND NEW CAREER OPPORTUNITIES IN CHANGING HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mcpherson Director | Trustee | 2 | $0 |
Robin Mcleod Director | Trustee | 2 | $0 |
Matthew Syzdek Treasurer | OfficerTrustee | 2 | $0 |
Thyra Fossum Secretary | OfficerTrustee | 2 | $0 |
Yasmine Moideen President | OfficerTrustee | 2 | $0 |
Michael Sharland Director | Trustee | 2 | $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 | $34,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,195 |
| Total Program Service Revenue | $270,282 |
| Investment income | $126 |
| 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 | $321,204 |
| 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 | $162,779 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $46,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $569 |
| 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 | $906 |
| All other expenses | $21,281 |
| Total functional expenses | $289,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,802 |
| 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 | $328,989 |
| Accounts payable and accrued expenses | $16,811 |
| Grants payable | $0 |
| Deferred revenue | $58,557 |
| 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 | $75,368 |
| Net assets without donor restrictions | $253,621 |
| 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 | $328,989 |