Potomac Massage Training Institute Inc
- Assets
- $1.7m
- Revenue
- $841.6k
- Investments
- $0.0
- Employees
- 64
- Location
- Silver Spring, MD
- Founding
- 06/1983
- Data as of
- 08/2023
- EIN
- 52-1124583
Organization Overview
Potomac Massage Training Institute Inc is located in Silver Spring, MD. The organization was established in 1983. As of 08/2023, Potomac Massage Training Institute Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Massage Training Institute 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 08/2023, Potomac Massage Training Institute Inc generated $841.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $941.2k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 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
PMTI, A NATIONAL LEADER IN MASSAGE THERAPY EDUCATION, TRANSFORMS THE HEALTH AND WELL BEING OF THE WASHINGTON, DC METROPOLITAN COMMUNITY THROUGH PROFESSIONAL DEVELOPMENT, TEACHING AND TRAINING MASSAGE THERAPY METHODS/ TECHNIQUES TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES REVENUE AND EXPENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamera Gelman Executive Director | OfficerTrustee | 40 | $64,500 |
Brenda Rayner Assistant Treasurer | OfficerTrustee | 30 | $53,235 |
Isaac Rabi Chair | OfficerTrustee | 0.5 | $0 |
Sandra Mateko Dankwa Vice President | OfficerTrustee | 0.5 | $0 |
Sharon L Conn Treasurer & Secretary | OfficerTrustee | 0.5 | $0 |
Jacqueline Prince Registrar | 30 | $25,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $145,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,774 |
| Noncash contributions included in lines 1a–1f | $64,794 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,310 |
| Total Program Service Revenue | $619,321 |
| Investment income | $0 |
| 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 | $841,631 |
| 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. | $117,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,421 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,528 |
| Fees for services: Legal | $55,419 |
| Fees for services: Accounting | $9,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,583 |
| Office expenses | $46,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $192,783 |
| Travel | $0 |
| 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 | $9,994 |
| All other expenses | $191,778 |
| Total functional expenses | $941,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,211 |
| 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 | $1,574,399 |
| Total assets | $1,661,042 |
| Accounts payable and accrued expenses | $1,693,264 |
| Grants payable | $0 |
| Deferred revenue | $16,983 |
| 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 | $67,158 |
| Other liabilities | $0 |
| Total liabilities | $1,777,405 |
| Net assets without donor restrictions | -$116,363 |
| 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 | $1,661,042 |