Psfc
- Assets
- $7.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 6
- Location
- San Francisco, CA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-4139859
Organization Overview
Psfc is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2022, Psfc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psfc 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, Psfc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Psfc has awarded 19 individual grants totaling $14,314,765. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PSFC SUPPORTS RESEARCH ON AND CLINICAL TRIALS OF NEW MENTAL HEALTH TREATMENTS AND PATIENT ACCESS TO THESE TREATMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO NONPROFIT AND ACADEMIC ORGANIZATIONS WORKING TO RESEARCH NEW MENTAL HEALTH TREATMENTS, PROVIDE ADVISORY SUPPORT TO SCIENTISTS AND ORGANIZATIONS IN THE FIELD, SUPPORT PATIENT ACCESS TO CARE, AND SERVE AS AN EDUCATIONAL RESOURCE FOR PHILANTHROPISTS AND GRANTMAKING ORGANIZATIONS.
PROVIDE FUNDING TO NONPROFIT AND ACADEMIC ORGANIZATIONS WORKING TO RESEARCH NEW MENTAL HEALTH TREATMENTS, PROVIDE ADVISORY SUPPORT TO SCIENTISTS AND ORGANIZATIONS IN THE FIELD, SUPPORT PATIENT ACCESS TO CARE, AND SERVE AS AN EDUCATIONAL RESOURCE FOR PHILANTHROPISTS AND GRANTMAKING ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Collins Deputy Director | 40 | $159,571 | |
Joseph Green President | OfficerTrustee | 20 | $0 |
Graham Boyd Secretary | OfficerTrustee | 20 | $0 |
David Bronner Director | Trustee | 2 | $0 |
Ben Collins Deputy Director | 40 | $159,571 | |
Joseph Green President | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tenfold Health Executive Assistant | 12/30/22 | $100,528 |
Dara Menashi Or Workplan Developmemt | 12/30/22 | $258,553 |
Daniel Abrahamson Implementing Or 109 | 12/30/22 | $102,896 |
Thomas Eckert Implementing Or 109 | 12/30/22 | $180,000 |
Tenfold Health Executive Assistant | 12/30/22 | $100,528 |
Dara Menashi Or Workplan Developmemt | 12/30/22 | $258,553 |
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 | $3,882,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,882,025 |
| Total Program Service Revenue | $159,967 |
| Investment income | $49,441 |
| 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 | $4,091,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,078,091 |
| 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. | $181,595 |
| Compensation of current officers, directors, key employees. | $34,512 |
| Compensation to disqualified persons | $21,750 |
| Other salaries and wages | $380,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,986 |
| Payroll taxes | $41,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,913 |
| Fees for services: Accounting | $56,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,151,305 |
| Advertising and promotion | $0 |
| Office expenses | $21,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,366 |
| All other expenses | $0 |
| Total functional expenses | $5,321,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,310 |
| Savings and temporary cash investments | $4,744,469 |
| Pledges and grants receivable | $2,703,106 |
| 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 | $16,000 |
| 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 | $7,754,885 |
| Accounts payable and accrued expenses | $67,854 |
| Grants payable | $90,000 |
| 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 | $157,854 |
| Net assets without donor restrictions | $3,060,509 |
| Net assets with donor restrictions | $4,536,522 |
| 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 | $7,754,885 |
Grants Awarded
Over the last fiscal year, Psfc has awarded $6,146,182 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CREATIVE VISIONS FOUNDATION PURPOSE: Support for APPA | $90,000 |
HEALING ADVOCACY FUND PURPOSE: Implementing OR 109 | $458,091 |
HEROIC HEARTS PROJECT PURPOSE: Grant | $250,000 |
PLAYERS PHILANTHROPY FUND PURPOSE: Support for APPA | $450,000 |
MAPS PURPOSE: Unrestricted support | $225,000 |
THE GIVING BACK FUND PURPOSE: Support for APPA | $1,600,000 |