The information for Psi World is as of the organization's most recent filing in December 2018. This organization is located in Clearlake Oaks, CA. It has been in existence for 44 years, following its founding in 1974.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Psi World's NTEE code is P50. The "P" tells us that the organization is classified along with Human Services. The "50" tells us that the organization is classified as a Personal Social Services organization. The NTEE describes Personal Social Services as an organization that provides a variety of personal social services or offers personal social services not specified elsewhere.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Psi World is to conduct educational seminars encouraging a healthy balance of the physical, mental, emotional, and spiritual aspects of mankind.
PSI World is dedicated to helping people achieve a healthy balance of the physical, mental, emotional, and spiritual aspects of life through educational seminars.
Psi World is run by Shirley Hunt, who is the President. The organization has no employees, though it is supported by 10 volunteers.
Psi World is a well-governed non-profit organization, with six voting members and four independent members. Although potential conflicts of interest exist, the organization has taken steps to ensure that board and committee meetings are documented and that copies of the 990 are provided to the board prior to filing. Unfortunately, the organization does not have a conflict of interest policy, a written whistleblower policy, or a document retention policy in place. Additionally, the organization does not substantiate and review leadership or officer salaries. Despite these shortcomings, Psi World is a well-governed organization that has taken steps to ensure that meetings are documented and that the board is informed of financial information prior to filing.
Based on the data provided, Psi World appears to have grown over the given time period. Contributions and grants received, investment income, and other revenue all increased, while total revenue more than doubled. Total expenses increased slightly while the number of volunteers remained the same.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Mcmahan CFO | OfficerTrustee | 5 | $0 |
Janessa Willhite Meyers President | OfficerTrustee | 5 | $0 |
Debbie Vogel Secretary | OfficerTrustee | 1 | $0 |
Robert Sikora Director | Trustee | 1 | $0 |
Jane Willhite Chairwoman | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $134,272 |
Investment income | $17,520 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$266,168 |
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 | $10,845 |
Miscellaneous Revenue | $0 |
Total Revenue | -$98,531 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $104,726 |
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 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 | $0 |
Fees for services: Legal | $1,553 |
Fees for services: Accounting | $13,581 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $11,500 |
Advertising and promotion | $5,563 |
Office expenses | $1,381 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $92,712 |
Travel | $581 |
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 | $1,487 |
Insurance | $1,945 |
All other expenses | $0 |
Total functional expenses | $285,973 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $341,154 |
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 | $108,663 |
Notes and loans receivable | $0 |
Inventories for sale or use | $122,429 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $105,607 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,024,215 |
Accounts payable and accrued expenses | $0 |
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 | $885,470 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $166,522 |
Total liabilities | $1,051,992 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $972,223 |
Over the last fiscal year, we have identified 1 grants that Psi World has recieved totaling $10,720.
Awarding Organization | Amount |
---|---|
Mile High United Way Inc Denver, CO PURPOSE: DONOR ADVISED FUND | $10,720 |
Organization Name | Assets | Revenue |
---|---|---|
Georgia Investor Action Fund Inc Atlanta, GA | $1,202,318 | $9,887,043 |
Sylacauga Alliance For Family Enhancement Inc - Safe Sylacauga, AL | $1,918,841 | $3,896,450 |
South Florida Wellness Network Inc Fort Lauderdale, FL | $4,307,428 | $4,917,474 |
Stiller Family Foundation West Palm Beach, FL | $88,100 | $2,176,714 |
Center For Executive Leadership Inc Birmingham, AL | $2,490,667 | $2,959,899 |
Haitian Neighborhood Center Sant La Inc North Miami, FL | $5,027,572 | $2,806,472 |
Intown Collaborative Ministries Atlanta, GA | $816,682 | $2,226,002 |
2-1-1 Big Bend Inc Tallahassee, FL | $1,079,440 | $1,869,822 |
Easter Seals East Georgia Inc Augusta, GA | $1,886,077 | $733,248 |
Collier Harvest Foundation Naples, FL | $738,764 | $1,426,424 |
Lifechoices Womens Care Inc Lutz, FL | $372,817 | $1,044,138 |
The Path Project Inc Monroe, GA | $774,045 | $1,370,431 |