Psychometric Society Educational Testing Service
- Assets
- $723.4k
- Revenue
- $209.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/1968
- Data as of
- 12/2021
- EIN
- 59-6169781
Organization Overview
Psychometric Society Educational Testing Service is located in Madison, WI. The organization was established in 1968. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psychometric Society Educational Testing Service 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 12/2021, Psychometric Society Educational Testing Service generated $209.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $158.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PSYCHOMETRIC SOCIETY IS AN INTERNATIONAL NONPROFIT PROFESSIONAL ORGANIZATION DEVOTED TO THE ADVANCEMENT OF QUANTITATIVE MEASUREMENT PRACTICES IN PSYCHOLOGY, EDUCATION, AND THE SOCIAL SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY PUBLISHES THE JOURNAL "PSYCHOMETRIKA", WHICH CONTAINS ARTICLES ON THE DEVELOPMENT OF QUANTITATIVE MODELS OF PSYCHOLOGICAL PHENOMENA, AS WELL AS STATISTICAL METHODS AND MATHEMATICAL TECHNIQUES FOR EVALUATING PSYCHOLOGICAL AND EDUCATIONAL DATA.
IN ADDITION TO THE JOURNAL, THE SOCIETY CONDUCTS AN ANNUAL MEETING. THIS MEETING PROVIDES A RESEARCH FORUM FOR CONTRIBUTED PAPERS ON CURRENT ISSUES RELEVANT TO THE FIELD OF PSYCHOMETRICS. THE SOCIETY HELD ITS 2021 ANNUAL MEETING FROM JULY 19-23 VIRTUALLY STREAMING FROM BOLOGNA, ITALY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Douglas President-El | OfficerTrustee | 2 | $0 |
Irini Moustake President | OfficerTrustee | 5 | $0 |
Edgar Merkle Treasurer | OfficerTrustee | 2 | $0 |
Carolyn Anderson Secretary | OfficerTrustee | 2 | $0 |
Dan Bolt Past Preside | OfficerTrustee | 2 | $0 |
Steven Culpepper Trustee | Trustee | 1 | $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 | $2,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,627 |
| Total Program Service Revenue | $191,207 |
| Investment income | $9,014 |
| 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 | $209,398 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $94,073 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,501 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $613 |
| Information technology | $7,850 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $158,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,059 |
| 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 | $25,600 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $406,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $723,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,835 |
| 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 | $8,835 |
| Net assets without donor restrictions | $714,581 |
| 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 | $723,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Psychometric Society Educational Testing Service has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Graduate Management Admission Council Reston, VA PURPOSE: PROMOTING GMAC PRODUCTS, SERVICES, AND RESEARCH AND PROVIDING INDUSTRY SUPPORT. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwestern Higher Education Commission Minneapolis, MN | $6,945,692 | $5,714,621 |
Patriotic Republic Chicago, IL | $3,805,673 | $272,368 |
Policy Circle Co Wilmette, IL | $560,042 | $1,719,439 |
Family And Youth Institute Ofmichigan Canton, MI | $1,026,903 | $757,178 |
Psychometric Society Educational Testing Service Madison, WI | $723,416 | $209,398 |
Insyght Institute Lansing, MI | $196,133 | $0 |
Society For Economic Dynamics Minneapolis, MN | $434,045 | $150,109 |
International Visual Sociology Association Inc Chicago, IL | $116,030 | $0 |
Center For Service Learning And Social Change St Cloud, MN | $17,777 | $61,697 |
Border Hawk News Corp Petoskey, MI | $139,832 | $0 |
Pacific Atlantic Action Coalition Chicago, IL | $527,727 | $200,186 |
Because Foundation Homewood, IL | $0 | $10,470 |