Smith Psychological Services Inc
- Assets
- $86.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-2371299
Organization Overview
Smith Psychological Services Inc is located in Virginia Beach, VA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smith Psychological Services 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 12/2023, Smith Psychological Services Inc generated $94.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $113.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SPS CURRENTLY CONTRACTS WITH THE FOLLOWING ORGANIZATIONS (DATES OF INCEPTION FOR THE CONTRACTS OFFERED IN PARENTHESIS, ALONG WITH CURRENT AVERAGE ANNUAL PAYMENTS TO SPS): -CITY OF VIRGINIA BEACH ID/DD SERVICES, VIRGINIA (2019, 24,000)- 38 CLIENTS SERVICED CITY OF VIRGINIA BEACH DHS, VIRGINIA (2019, 78,000)- AVERAGE OF 32 CLIENTS SERVED ANNUALLY -HOLIDAY HOUSE OF PORTSMOUTH, VIRGINIA (2018, 12,000)- 28 CLIENTS SERVED CITY OF CHESAPEAKE (HIGHLANDS ICF), VIRGINIA (2019, 6,000)- 12 CLIENTS SERVED CITY OF CHESAPEAKE (INTEGRATIVE BEHAVIORAL HEALTH), VIRGINIA (2020, 36,000)- AVERAGE OF 30 CLIENTS SERVED ANNUALLY SOUTHEASTERN VIRGINIA TRAINING CENTER, VIRGINIA (2021, 22,000) 76 RESIDENTS SERVED CITY OF NORFOLK DHS, VIRGINIA (2021, NEW CONTRACT- PROJECTED 36,000) PROJECTED, 12 CLIENTS SERVED ANNUALLY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $94,672 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,672 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,154 |
| Professional fees and other payments to independent contractors | $6,187 |
| Occupancy, rent, utilities, and maintenance | $15,211 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,711 |
| Total expenses | $113,263 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,971 |
| Other assets | $0 |
| Total assets | $86,044 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,044 |