Tulsa Psychiatric Center Inc
- Assets
- $157.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Tulsa, OK
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 73-0703797
Organization Overview
Tulsa Psychiatric Center Inc is located in Tulsa, OK. The organization was established in 1992. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Tulsa Psychiatric Center Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa Psychiatric Center 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 12/2021, Tulsa Psychiatric Center Inc generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING ORGANIZATION FOR FACILITY PROVIDING MENTAL HEALTH SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
TULSA PSYCHIATRIC CENTER'S EXEMPT PURPOSE IS TO PROVIDE SUPPORT FOR, TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF PARKSIDE, INC., A TAX EXEMPT HOSPITAL PROVIDING MENTAL HEALTH SERVICES OR ITS SUCCESSORS OR ANY OTHER HEALTH CARE FACILITY OR PROGRAM DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986. TULSA PSYCHIATRIC CENTER IS OWNER AND PARKSIDE, INC. IS OPERATOR OF THE HOSPITAL FACILITY. BOTH ARE DEDICATED TO PROVIDING MEDICAL CARE TO THE COMMUNITY THROUGH AN INTERRELATED HEALTHCARE SYSTEM, AND ARE, THEREFORE, EXEMPT ORGANIZATIONS. ALTHOUGH REIMBURSEMENT FOR THE SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF TULSA PSYCHIATRIC CENTER, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MENTAL HEALTH SERVICES AND FURTHER THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING MENTAL HEALTH SERVICES AND EDUCATION. THEREFORE, IN KEEPING THIS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, FREE CARE AND/OR SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENT PROGRAMS TO SUPPORT COMMUNITY WILL BE CONSIDERED WHETHER THE NEED AND/OR INDIVIDUALS INABILITY TO PAY COEXISTS. THESE ACTIVITIES INCLUDE COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY AND HANDICAPPED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. TULSA PSYCHIATRIC CENTER ASSISTS IN THE CARE OF PERSONS COVERED BY THE GOVERNMENTAL PROGRAMS AT BELOW COST. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, TULSA PSYCHIATRIC CENTER RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. ALSO, IN RECOGNIZING ITS MISSION TO THE COMMUNITY, TULSA PSYCHIATRIC CENTER ASSISTS IN THE PROVISION OF SERVICES FOR THOSE UNABLE TO PAY. THESE CHARITY CARE SERVICES ARE NOT REIMBURSED. CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED ON ACTIVITIES AND SERVICES WHICH THE TULSA PSYCHIATRIC CENTER BELIEVES WILL SERVE LEGITIMATE COMMUNITY HEALTH NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Lessley President | OfficerTrustee | 0.5 | $0 |
Angela Baker Vp, Treasure | OfficerTrustee | 0.5 | $0 |
Robert S Farris Secretary | OfficerTrustee | 0.5 | $0 |
Sharon Gould Director | Trustee | 0.5 | $0 |
Ronald G Raynolds Deceased Past Preside | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Key Construction Construction | 12/30/20 | $2,411,070 |
Trust Company Of Oklahoma Investment Mgmt | 12/30/20 | $231,617 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $630,792 |
| Investment income | $1,979,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $226,882 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $471,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,136,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $630,792 |
| 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 | $222,187 |
| Pension plan accruals and contributions | $7,058 |
| Other employee benefits | $24,031 |
| Payroll taxes | $16,531 |
| Fees for services: Management | $118 |
| Fees for services: Legal | $4,836 |
| Fees for services: Accounting | $26,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $357,594 |
| Fees for services: Other | $1,748 |
| Advertising and promotion | $0 |
| Office expenses | $3,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,466 |
| Travel | $1,162 |
| 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 | $713,860 |
| Insurance | $34,494 |
| All other expenses | $2,743 |
| Total functional expenses | $2,137,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,334,888 |
| 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 | $159,509 |
| Net Land, buildings, and equipment | $14,403,863 |
| Investments—publicly traded securities | $108,675,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,890,606 |
| Total assets | $157,464,150 |
| Accounts payable and accrued expenses | $20,657 |
| 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 | $20,657 |
| Net assets without donor restrictions | $131,033,646 |
| Net assets with donor restrictions | $26,409,847 |
| 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 | $157,464,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tulsa Psychiatric Center Inc has recieved totaling $807,324.
| Awarding Organization | Amount |
|---|---|
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK PURPOSE: SUPPORT HOSPITAL | $807,324 |
Endowment Analysis
| Beg. Balance | $5,519,242 |
| Ending Balance | $5,519,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado West Inc Grand Junction, CO | $14,072,864 | $15,441,222 |
Saint Francis Community Services Inc Salina, KS | $25,882,563 | $16,129,810 |
Center For Counseling & Consultation Great Bend, KS | $3,818,991 | $5,396,206 |
Tulsa Psychiatric Center Inc Tulsa, OK | $157,464,150 | $4,136,826 |
Kids Counseling Inc Las Vegas, NM | $1,562,626 | $1,765,269 |
Sabin Group Inc Denver, CO | $2,609,362 | $789,876 |
Bethesda Foundation Inc Centennial, CO | $1,260,309 | $693,019 |
Valeo Crp Inc Topeka, KS | $1,071,302 | $571,044 |
Volunteer Council For Terrell State Hospital Terrell, TX | $113,670 | $0 |
Parsons State Hospital Endowment Association Parsons, KS | $408,706 | $36,751 |
Menninger Foundation Houston, TX | $3,751,258 | $265,908 |
High Frontier Las Vegas, NM | -$16,011 | $0 |