Alchemy Community Therapy Center
- Assets
- $272.8k
- Revenue
- $667.9k
- Investments
- $0.0
- Employees
- 32
- Location
- Oakland, CA
- Founding
- Data as of
- 08/2023
- EIN
- 84-2480193
Organization Overview
Alchemy Community Therapy Center is located in Oakland, CA. According to its NTEE Classification (G99) the organization is classified as: Voluntary Health Associations & Medical Disciplines N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2023, Alchemy Community Therapy Center employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alchemy Community Therapy Center 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 08/2023, Alchemy Community Therapy Center generated $667.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $823.7k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALCHEMY COMMUNITY THERAPY CENTER PROVIDES HIGH-QUALITY TRAINING, ACCESIBLE PSYCHEDELIC THERAPY, AND INNOVATIVE RESEARCH, FOSTERING EFFECTIVE AND CULTURALLY-RESPONSIBLE MENTAL HEALTH TREATMENT FOR UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALCHEMY COMMUNITY THERAPY CENTER PROVIDES HIGH-QUALITY TRAINING, ACCESIBLE PSYCHEDELIC THERAPY, AND INNOVATIVE RESEARCH, FOSTERING EFFECTIVE AND CULTURALLY-RESPONSIBLE MENTAL HEALTH TREATMENT FOR UNDERSERVED COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidra Somerville Executive Dir. | Officer | 40 | $97,094 |
Gregory Kearns Chairman | OfficerTrustee | 2 | $0 |
Jesse Hudson Secretary | OfficerTrustee | 0.1 | $0 |
Mark Grant Treasurer | OfficerTrustee | 2 | $0 |
Charlie Bathgate Director | Trustee | 0.1 | $0 |
Ismael Ali Director | Trustee | 0.1 | $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 | $115,615 |
| Noncash contributions included in lines 1a–1f | $411 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,615 |
| Total Program Service Revenue | $551,254 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,025 |
| 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 | $667,909 |
| 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. | $121,392 |
| Compensation of current officers, directors, key employees. | $66,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $407,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,829 |
| Payroll taxes | $46,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,993 |
| Fees for services: Accounting | $12,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,310 |
| Advertising and promotion | $914 |
| Office expenses | $0 |
| Information technology | $15,422 |
| Royalties | $0 |
| Occupancy | $57,327 |
| Travel | $2,643 |
| 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 | $12,000 |
| Insurance | $8,102 |
| All other expenses | $0 |
| Total functional expenses | $823,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,073 |
| 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 | $8,293 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,000 |
| Other assets | $103,586 |
| Total assets | $272,819 |
| Accounts payable and accrued expenses | $35,445 |
| 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 | $102,314 |
| Total liabilities | $137,759 |
| Net assets without donor restrictions | $135,060 |
| 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 | $272,819 |