The American College Of Psychiatrists Inc
- Assets
- $9.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 03/1984
- Data as of
- 12/2020
- EIN
- 52-6075346
Organization Overview
The American College Of Psychiatrists Inc is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2020, American College Of Psychiatrists Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Psychiatrists 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 12/2020, American College Of Psychiatrists Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 2.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN COLLEGE OF PSYCHIATRISTS IS A NOT-FOR-PROFIT HONORARY ASSOCIATION DEDICATED TO PROVIDING CONTINUING EDUCATION TO ITS MEMBERS, PROMOTING THE LATEST ADVANCES IN THE SPECIALTY AND SUPPORTING THE HIGHEST STANDARDS IN PSYCHIATRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMINATIONS: THREE DIFFERENT EXAMINATIONS ARE DEVELOPED, ADMINISTERED, OFFERED AND SOLD TO PSYCHIATRIC RESIDENTS AND PRACTITIONERS FOR STUDYING AND EDUCATIONAL PURPOSES. THE PRITE AND CHILD PRITE ARE EXAMS FOR RESIDENTS AND PIPE IS AN EXAM FOR PRACTICING PSYCHIATRISTS. THE OBJECTIVE OF THIS ACTIVITY IS TO PROVIDE CONTINUING EDUCATION TO COLLEGE MEMBERS, PROMOTE THE LATEST ADVANCES IN THE SPECIALTY, AND SUPPORT THE HIGHEST STANDARDS IN PSYCHIATRY.
MEETINGS: INCLUDES COMMITTEES ON SCIENTIFIC PROGRAMS AND LOCAL PLANNING. ALSO INCLUDES AN ANNUAL EDUCATIONAL SEMINAR WHERE MEMBERS AND EXPERTS IN THE FIELD OF PSYCHIATRY PRESENT THE LATEST RESEARCH AND DEVELOPMENTS IN THE PROFESSION. THE OBJECTIVE OF THIS PROGRAM IS TO PROMOTE THE LATEST ADVANCES IN THE SPECIALTY AND SUPPORT THE HIGHEST STANDARDS IN PSYCHIATRIC PRACTICE.
AWARDS: THE COLLEGE ACKNOWLEDGES OUTSTANDING CONTRIBUTIONS TO PSYCHIATRY MADE BY ITS MEMBERS AND BY MENTAL HEALTH PROFESSIONALS WORLDWIDE.
PUBLICATIONS: THE COLLEGE PUBLISHES A NEWSLETTER FOR ITS MEMBERS THREE TIMES PER YEAR (ONE PRINTED ISSUE AND TWO ELECTRONIC ISSUES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Samuels Executive Director | Officer | 40 | $194,718 |
Larry R Faulkner MD President-Elect | OfficerTrustee | 2 | $0 |
Robert N Golden MD Past-President | OfficerTrustee | 2 | $0 |
Steven S Sharfstein MD Past-President | OfficerTrustee | 2 | $0 |
Eugene V Beresin MD First Vice President | OfficerTrustee | 2 | $0 |
Carol A Bernstein MD Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,150 |
| 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 | $273,150 |
| Total Program Service Revenue | $1,811,940 |
| Investment income | $165,811 |
| 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 | $2,254,996 |
| 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. | $194,718 |
| Compensation of current officers, directors, key employees. | $73,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,184 |
| Pension plan accruals and contributions | $84,079 |
| Other employee benefits | $45,516 |
| Payroll taxes | $30,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,740 |
| Fees for services: Accounting | $31,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,185 |
| Fees for services: Other | $351,221 |
| Advertising and promotion | $0 |
| Office expenses | $1,169 |
| Information technology | $21,803 |
| Royalties | $0 |
| Occupancy | $82,511 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,776 |
| All other expenses | $79,528 |
| Total functional expenses | $1,790,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,943 |
| 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 | $151,454 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,794,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,402 |
| Total assets | $9,840,990 |
| Accounts payable and accrued expenses | $111,632 |
| Grants payable | $0 |
| Deferred revenue | $2,716 |
| 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 | $114,348 |
| Net assets without donor restrictions | $9,726,642 |
| 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 | $9,840,990 |
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