Illinois Psychiatric Society
- Assets
- $418.4k
- Revenue
- $317.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Buffalo Grove, IL
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 36-2526396
Organization Overview
Illinois Psychiatric Society is located in Buffalo Grove, IL. The organization was established in 1967. 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. As of 12/2021, Illinois Psychiatric Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois 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 12/2021, Illinois Psychiatric Society generated $317.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $319.8k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 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 ADVOCATE FOR THE HIGHEST QUALITY CARE FOR PATIENTS WITH PSYCHIATRIC DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Lancia MD Secretary | Officer | $0 | |
Abdi Tinwalla MD Treasurer | Officer | $0 | |
Danesh Alam MD Past-Preside | Officer | $0 | |
Hossam Mahmoud MD Immed Past P | Officer | $0 | |
Steven Weinstein MD President El | Officer | $0 | |
Susan Scherer MD President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $197,413 |
| 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 | $197,413 |
| Total Program Service Revenue | $51,037 |
| Investment income | $35,129 |
| 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 | $316,954 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,295 |
| Pension plan accruals and contributions | $5,029 |
| Other employee benefits | $14,661 |
| Payroll taxes | $11,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $91,514 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,420 |
| Advertising and promotion | $0 |
| Office expenses | $2,048 |
| Information technology | $5,008 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,396 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,496 |
| All other expenses | $512 |
| Total functional expenses | $319,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,625 |
| Savings and temporary cash investments | $389,824 |
| 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 | $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 | $418,449 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,865 |
| Total liabilities | $5,865 |
| Net assets without donor restrictions | $412,584 |
| 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 | $418,449 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Psychiatric Society has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
American Psychiatric Association Washington, DC PURPOSE: CALF GRANT | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mental Health America Of Lake County Inc Hammond, IN | $2,813,892 | $4,546,994 |
Pharmacy Society Of Wisconsin Madison, WI | $4,590,033 | $2,164,056 |
Society Of Behavioral Medicine Inc Milwaukee, WI | $4,510,212 | $2,034,543 |
World Professional Association For Transgender Health Inc East Dundee, IL | $1,879,575 | $1,493,564 |
Community Behavioral Healthcare Association Of Illinois Springfield, IL | $1,288,181 | $1,293,696 |
Alzheimers & Dementia Alliance Of Wi Inc Madison, WI | $809,258 | $1,270,775 |
Indiana Council Of Community Mental Health Centers Inc Indianapolis, IN | $1,208,038 | $681,316 |
Psychiatric Rehabilitation Association South Bend, IN | $49,023 | $323,188 |
Illinois Psychological Association Chicago, IL | $693,725 | $426,441 |
Illinois Psychiatric Society Buffalo Grove, IL | $418,449 | $316,954 |
National Assoc Of Anorexia Nervosa And Associated Disorders Inc Chicago, IL | $369,098 | $501,884 |
Society For Psychotherapy Research Crestwood, KY | $623,338 | $379,574 |