Wright Institute Los Angeles
- Assets
- $324.0k
- Revenue
- $784.5k
- Investments
- $0.0
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 08/1976
- Data as of
- 12/2020
- EIN
- 95-2988883
Organization Overview
Wright Institute Los Angeles is located in Los Angeles, CA. The organization was established in 1976. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2020, Wright Institute Los Angeles employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wright Institute Los Angeles 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 12/2020, Wright Institute Los Angeles generated $784.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $662.1k during the year ending 12/2020. While expenses have increased by 2.1% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LOW COST PSYCHOTHERAPY CLINIC; PSYCHOANALYTIC CLINICAL TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
WRIGHT INSTITUTE PSYCHOTHERAPY CLINIC IS THE CLINICAL TRAINING SITE FOR THE ORGANIZATION'S PROGRAMS. IT PROVIDES MENTAL HEALTH SERVICES AT FEES COMMENSURATE WITH INCOME. DURING THE YEAR THE CLINIC SCHEDULED APPROXIMATELY 11813 INDIVIDUAL AND GROUP PSYCHOTHERAPY SESSIONS SERVING APPROXIMATELY 571 CLIENTS. THE CLINIC ALSO RUNS SEVERAL GROUP THERAPY PROGRAMS. GRADUATE STUDENTS, POSTGRADUATE FELLOWS AND LICENSED MENTAL HEALTH PROFESSIONALS PARTICIPATE IN THE ORGANIZATION'S EDUCATIONAL PROGRAMS. THESE CONSIST OF SEMINARS AND CONFERENCES, INDIVIDUAL MENTORING AND SUPERVISED CLINICAL EXPERIENCE. ALL THERAPY AND CLASSES WERE CONDUCTED VIA PHONE AND ZOOM VIDEO. THERAPY SERVICES WERE PROVIDED THROUGH TELEHEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Gomes Psyd Executive Director | Officer | 45 | $72,000 |
Molly Cahanpsyd Chairperson | OfficerTrustee | 10 | $0 |
Lauren Moses Psyd Alumni Assoc President | OfficerTrustee | 3 | $0 |
Terry Simpson Psyd Director | Trustee | 1 | $0 |
Stephen Phillips JD Psyd Director | Trustee | 1 | $0 |
Yemi Adeyanju Esqmba Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,844 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,542 |
| Total Program Service Revenue | $642,973 |
| Investment income | $27 |
| 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 | $784,542 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,218 |
| Payroll taxes | $22,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,995 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,894 |
| Advertising and promotion | $1,245 |
| Office expenses | $24,237 |
| Information technology | $11,699 |
| Royalties | $0 |
| Occupancy | $223,434 |
| Travel | $0 |
| 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 | $357 |
| Insurance | $22,267 |
| All other expenses | $0 |
| Total functional expenses | $662,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,237 |
| Savings and temporary cash investments | $210,080 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,842 |
| 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 | $2,166 |
| Net Land, buildings, and equipment | $387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,272 |
| Total assets | $323,984 |
| Accounts payable and accrued expenses | $6,827 |
| Grants payable | $0 |
| Deferred revenue | $13,750 |
| 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 | $11,694 |
| Total liabilities | $32,271 |
| Net assets without donor restrictions | $291,713 |
| 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 | $323,984 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wright Institute Los Angeles has recieved totaling $164.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |