Prompt Institute
- Assets
- $1.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Santa Fe, NM
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 85-0484264
Organization Overview
Prompt Institute is located in Santa Fe, NM. The organization was established in 2002. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 12/2022, Prompt Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prompt Institute 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, Prompt Institute generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN AND CERTIFY SPEECH AND LANGUAGE PATHOLOGISTS IN THE PROMPT TECHNIQUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKSHOPS - THE ORGANIZATION HELD WORKSHOPS ON THE PROMPT METHOD, MAINLY ONLINE DUE TO THE COVID PANDEMIC. APPROCIMATELY 3,888 PEOPLE PARTICIPATED.
RESEARCH - THE ORGANIZATION CONDUCTED RESEARCH TO ESTABLISH AND DOCUMENT THE CLINICAL EFFICACY OF THE PROMPT METHOD. INDIVIDUALS SERVED INCLUDED ANY PERSON WHO HAS EVER BEEN TRAINED OR WILL RECEIVE TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barb Wallace President | OfficerTrustee | 1 | $0 |
Laura Steele Vice Rpesident | OfficerTrustee | 1 | $0 |
Mark Riek Treasurer | OfficerTrustee | 1 | $0 |
Ellen Jeffery Secretary | OfficerTrustee | 1 | $0 |
Guy Lisella Executive Director | Officer | 24 | $85,997 |
Amy Clark Director Of Clinical Eductation | 32 | $171,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,322 |
| All other contributions, gifts, grants, and similar amounts not included above | $665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,987 |
| Total Program Service Revenue | $2,742,144 |
| Investment income | $900 |
| 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 | $38,722 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,991,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,047 |
| 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. | $83,756 |
| Compensation of current officers, directors, key employees. | $12,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $672,740 |
| Pension plan accruals and contributions | $20,612 |
| Other employee benefits | $38,555 |
| Payroll taxes | $56,818 |
| Fees for services: Management | $24,616 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $807,283 |
| Advertising and promotion | $47,121 |
| Office expenses | $27,033 |
| Information technology | $78,571 |
| Royalties | $0 |
| Occupancy | $58,103 |
| Travel | $120,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,506 |
| Insurance | $3,934 |
| All other expenses | $61,409 |
| Total functional expenses | $2,693,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,530 |
| Savings and temporary cash investments | $1,281,269 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,309 |
| 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 | $55,548 |
| Net Land, buildings, and equipment | $4,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,195 |
| Other assets | $58,714 |
| Total assets | $1,604,131 |
| Accounts payable and accrued expenses | $47,406 |
| Grants payable | $0 |
| Deferred revenue | $231,516 |
| 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 | $62,187 |
| Total liabilities | $341,109 |
| Net assets without donor restrictions | $1,263,022 |
| 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 | $1,604,131 |