Illinois Psychological Association
- Assets
- $938.8k
- Revenue
- $454.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1952
- Data as of
- 06/2023
- EIN
- 36-6109267
Organization Overview
Illinois Psychological Association is located in Chicago, IL. The organization was established in 1952. 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. Illinois 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 06/2023, Illinois Psychological Association generated $454.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $375.3k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL BUSINESS ASSOCIATION FOR PSYCHOLOGISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND WORKSHOPS SERVICE OUTPUT: PARTICIPANTS' ATTENDANCE/INVOLVEMENT PROVIDES INFORMATION AND LECTURES REGARDING PROFESSION
NEWSLETTER AND PUBLICATIONS SERVICE OUTPUT: NEWSLETTERS AND BROCHURES PROVIDE INFORMATION, NEWS UPDATES, AND DEVELOPMENTS IN PROFESSION
CONSUMER INFORMATION/CONTINUING EDUCATION SERVICE OUTPUT: PARTICIPANTS' INVOLVEMENT PROVIDES INFORMATION TO PUBLIC REGARDING FIELD OF PSYCHOLOGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Faynor-Ciha PHD Apa Council Representative | Trustee | 2 | $0 |
Theresa M Schultz PHD Treasurer | OfficerTrustee | 2 | $0 |
Colin Ennis Psyd President | OfficerTrustee | 3 | $0 |
Derek Phillips Psyd Past President | Trustee | 2 | $0 |
Sue Bae PHD President Elect | Trustee | 2 | $0 |
Margo Jacquot Psyd Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $352,092 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,992 |
| Total Program Service Revenue | $96,002 |
| Investment income | $3,089 |
| 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 | $454,083 |
| 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. | $129,736 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,323 |
| Fees for services: Lobbying | $32,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $510 |
| Advertising and promotion | $7,840 |
| Office expenses | $36,590 |
| Information technology | $7,869 |
| Royalties | $0 |
| Occupancy | $50,391 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,610 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,635 |
| All other expenses | $0 |
| Total functional expenses | $375,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $931,883 |
| 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 | $6,950 |
| Total assets | $938,834 |
| 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 | $1,981 |
| Total liabilities | $1,981 |
| Net assets without donor restrictions | $936,853 |
| 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 | $938,834 |