Wright Institute
- Assets
- $28.2m
- Revenue
- $16.8m
- Investments
- $12.0m
- Employees
- 323
- Location
- Berkeley, CA
- Founding
- 09/1969
- Data as of
- 06/2021
- EIN
- 94-1674865
Organization Overview
Wright Institute is located in Berkeley, CA. The organization was established in 1969. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Wright Institute employed 323 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright 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 06/2021, Wright Institute generated $16.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $14.7m during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRADUATE SCHOOL OF PSYCHOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 1968, THE WRIGHT INSTITUTE IS A FULLY-ACCREDITED GRADUATE SCHOOL OF PSYCHOLOGY AND OFFERS BOTH MASTER'S AND DOCTORAL LEVEL DEGREES. THE INSTITUTE WAS FOUNDED WITH THE MISSION OF EDUCATING CLINICIANS TO SOCIETY - CLINICIANS WHOSE PRACTICE WILL MEET THE NEEDS OF THE DIVERSE COMMUNITIES OF THE SAN FRANCISCO BAY AREA. COMMITTED TO INTEGRATING KNOWLEDGE OF SOCIAL ISSUES WITH CLINICAL PSYCHOLOGY, STUDENTS LEARN TO ANALYZE AND EVALUATE RESEARCH, THEORY, AND PRACTICE; AND MAKE APPROPRIATE USE OF THE EVOLVING BODY OF PSYCHOLOGICAL KNOWLEDGE. THE INSTITUTE CURRENTLY ENROLLS 500 STUDENTS.
THE WRIGHT INSTITUTE STUDENTS RECEIVE DIRECT TRAINING IN A VARIETY OF CLINICAL SETTINGS, PROVIDING PSYCHOLOGICAL SERVICES TO CLIENTS FROM LOW-INCOME COMMUNITIES THROUGHOUT THE GREATER BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Dybwad President | Officer | 40 | $430,158 |
Gilbert Newman VP Academic Affairs | Officer | 40 | $282,164 |
Tricia O'reilly VP Finance And Admin Af | Officer | 40 | $216,770 |
Katherine Mcgovern Faculty | 40 | $186,757 | |
Allison Brisco-Smith Faculty | 40 | $185,219 | |
Milena Esherick Program Director | Officer | 40 | $183,389 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liebert Cassidy Whitmore Legal Guidance | 6/29/20 | $220,444 |
Harmony Service Information Technology | 6/29/20 | $126,863 |
Liebert Cassidy Whitmore Legal Guidance | 6/29/20 | $220,444 |
Harmony Service Information Technology | 6/29/20 | $126,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $242,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,811 |
| Total Program Service Revenue | $16,447,815 |
| Investment income | $3,000 |
| 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 | $16,770,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,516,928 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,415,256 |
| Compensation of current officers, directors, key employees. | $694,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,561,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $760,124 |
| Payroll taxes | $680,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,252 |
| Fees for services: Accounting | $55,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,901 |
| Advertising and promotion | $199,704 |
| Office expenses | $271,800 |
| Information technology | $282,754 |
| Royalties | $0 |
| Occupancy | $559,244 |
| Travel | $4,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $520,724 |
| Insurance | $192,933 |
| All other expenses | $0 |
| Total functional expenses | $14,738,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,763 |
| Savings and temporary cash investments | $2,311,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,132,460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $329,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $149,802 |
| Net Land, buildings, and equipment | $12,131,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,986,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,173,670 |
| Accounts payable and accrued expenses | $1,089,605 |
| Grants payable | $0 |
| Deferred revenue | $980,406 |
| 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 | $2,119,227 |
| Total liabilities | $4,189,238 |
| Net assets without donor restrictions | $23,940,720 |
| Net assets with donor restrictions | $43,712 |
| 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 | $28,173,670 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wright Institute has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
William And Jacqueline Shaw Fam Foundation Inc Lincoln, MA PURPOSE: OPERATING SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $8,663,498 |
| Earnings | $782,538 |
| Net Contributions | $2,540,000 |
| Ending Balance | $11,986,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |
Fielding Graduate University Santa Barbara, CA | $38,250,030 | $25,475,508 |
Saybrook University Pasadena, CA | $17,039,418 | $21,644,889 |
Southwest College Of Naturopathic Medicine And Health Science Inc Tempe, AZ | $29,642,803 | $19,296,647 |
Multnomah University Portland, OR | $31,830,186 | $15,256,009 |