Agape Therapy Institute Corporation
- Assets
- $137.4k
- Revenue
- $463.8k
- Investments
- $0.0
- Employees
- 14
- Location
- Orlando, FL
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 81-3510306
Organization Overview
Agape Therapy Institute Corporation is located in Orlando, FL. The organization was established in 2018. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Agape Therapy Institute Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agape Therapy Institute Corporation 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 12/2022, Agape Therapy Institute Corporation generated $463.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.1% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AGAPE THERAPY INSTITUTE IS TO PROVIDE AFFORDABLE AND ACCESSIBLE MENTAL HEALTH SERVICES TO INDIVIDUALS COUPLES AND FAMILIES. DURING 2022 THE ORGANIZATION PROVIDED 5,432 TREATMENT SESSIONS FOR 583 PATIENTS TO TREAT A VARIETY OF MENTAL HEALTH CONDITIONS. OUR TEAM OF CLINICAL HEALTHCARE PROVIDERS GREW IN 2022 TO ACCOMMODATE INCREASED DEMAND FOR MENTAL HEALTH COUNSELING SERVICES IN OUR COMMUNITY. WE BROUGHT ON SEVERAL NEW MASTER-LEVEL CLINICAL STUDENT INTERNS TO FURTHER OUR MISSION TO PROVIDE AFFORDABLE CARE. THESE ARE OUR LOWEST COST COUNSELING SERVICES WHILE ALSO SERVING AS A TRAINING SITE FOR ACCREDITED MASTER DEGREE PROGRAMS IN CLINICAL MENTAL HEALTH COUNSELING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGAPE THERAPY INSTITUTE CORP.'S OUTPATIENT CLINICAL MENTAL HEALTH COUNSELING: 5,432 TREATMENT SESSIONS FOR 583 PATIENTS TO TREAT MENTAL HEALTH CONDITIONS. A TOTAL OF $250,678.82 IN WRITE OFFS WERE ALLOCATED TOWARD REDUCTION IN COST OF SERVICES AND FINANCIAL ASSISTANCE PROVIDED WHICH IS A 35% DROP FROM POTENTIAL REVENUE AT FULL COST SERVICES AND A METRIC TO INDICATE THE REDUCED COST SERVICES PROVIDED BY THE HEALTHCARE ORGANIZATION. TOTAL EXPENSES FOR SERVICES PROVIDED FOR THE YEAR WAS $432,289 WHERE $373,430 WENT TOWARD SALARIES AND WAGES FOR CLINICAL AND ADMINISTRATIVE STAFF REQUIRED TO RENDER HEALTHCARE SERVICES AND $58,849 WENT TOWARD EXPENSES RELATED TO OCCUPANCY INSURANCE LICENSING FEES ADVERTISING MEETINGS FILING FEES INFORMATION TECHNOLOGY AND OFFICE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bearden Ms Lmhc Lmft Qs Founder CEO Clinical Director | Officer | 38 | $73,000 |
Megan Muir President | Trustee | 1 | $0 |
Jaimee Spector Cfre Treasurer | Trustee | 1 | $0 |
Sara Dreier Secretary | 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 | $690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690 |
| Total Program Service Revenue | $461,199 |
| 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 | $15 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,811 |
| 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. | $88,199 |
| Compensation of current officers, directors, key employees. | $88,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,843 |
| Payroll taxes | $17,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,280 |
| Advertising and promotion | $765 |
| Office expenses | $4,627 |
| Information technology | $13,164 |
| Royalties | $0 |
| Occupancy | $38,207 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,157 |
| All other expenses | $0 |
| Total functional expenses | $432,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,428 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,428 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $137,428 |
| 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 | $137,428 |