Open Path Psychotherapy Collective Inc
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Asheville, NC
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 47-1657042
Organization Overview
Open Path Psychotherapy Collective Inc is located in Asheville, NC. The organization was established in 2014. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Open Path Psychotherapy Collective Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Path Psychotherapy Collective 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 12/2023, Open Path Psychotherapy Collective Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 32.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPEN PATH PROVIDES PEOPLE IN NEED WITH ACCESS TO TRANFORMATIVE AND AFFORDABLE MENTAL AND HOLISTIC CARE. WE ENVISION A JUST, COMPASSIONATE WORLD WHERE ALL PEOPLE CAN EASILY ACCESS THE CARE THEY NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 OPEN PATH EXPANDED ITS AFFORDABLE PSYCHOTHERAPY INITIATIVE, ITS AFFORDABLE MENTAL HEALTH EDUCATION PROGRAM, AND BEING SEEN, AN INITIATIVE DESIGNED TO HELP INSURANCE-BASED AND FULL-FEE CLIENTS ACCESS TO REPUTABLE THERAPISTS IN THEIR COMMUNITIES. OPEN PATH IMPLEMENTED A STUDENT INTERN PROGRAM. THIS PROGRAM ENABLES GRADUATE STUDENT INTERNS TO WORK WITH CLIENTS IN NEED OF REDUCED-RATE, $30 SESSIONS. THROUGHOUT 2023, OVER 1,000 STUDENT INTERNS JOINED AS THERAPISTS AND OVER 1,400 CLIENTS SIGNED UP TO WORK WITH A STUDENT INTERN. BY THE END OF 2023, OPEN PATH HAD INCREASED ITS THERAPIST NUMBERS TO OVER 26,000 IN ALL 50 STATES AND CANADA AND WAS CONNECTING AN AVERAGE OF 1,934 NEW CLIENTS A MONTH.
OPEN PATH CONCLUDED THE HEALING ARTS COLLECTIVE, AN INITIATIVE THAT CONNECTED OVER 1,000 CLIENTS TO AFFORDABLE HOLISTIC CARE, TO DIRECT MORE RESOURCES TOWARDS THE FLAGSHIP AFFORDABLE THERAPY PROGRAM. THROUGHOUT 2023, OPEN PATH CONTINUED TO DEVELOP ITS MENTAL HEALTH EDUCATION INITIATIVE. ALL OF OPEN PATHS SOCIAL-EMOTIONAL LEARNING COURSES CAN BE ACCESSED FOR A ONE-TIME FEE OF $4.99. BY THE END OF 2023, OPEN PATH HAD CONNECTED OVER 60,000 STUDENTS TO AFFORDABLE MENTAL HEALTH EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Fugelsang Executive Director | Officer | 40 | $244,327 |
Lisa Isenhart Deputy Director | 40 | $171,635 | |
Myleik Teal President | OfficerTrustee | 1.25 | $0 |
Amy Durso Vice President | OfficerTrustee | 1.25 | $0 |
Patricia Ortiz Treasurer | OfficerTrustee | 1.25 | $0 |
Paul Bialik Secretary | OfficerTrustee | 1.25 | $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 | $9,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,781 |
| Total Program Service Revenue | $1,839,236 |
| Investment income | $70,229 |
| 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 | $1,919,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $504 |
| 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. | $487,475 |
| Compensation of current officers, directors, key employees. | $155,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,765 |
| Pension plan accruals and contributions | $53,830 |
| Other employee benefits | $47,512 |
| Payroll taxes | $65,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,065 |
| Fees for services: Accounting | $11,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,912 |
| Advertising and promotion | $375,457 |
| Office expenses | $76,189 |
| Information technology | $56,628 |
| Royalties | $0 |
| Occupancy | $9,376 |
| Travel | $4,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,162 |
| Insurance | $4,265 |
| All other expenses | $5,509 |
| Total functional expenses | $1,716,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,141 |
| 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 | $0 |
| Net Land, buildings, and equipment | $337,076 |
| Investments—publicly traded securities | $2,144,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,542,624 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,542,624 |
| 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 | $2,542,624 |