The Chicago School of Professional Psychology

EIN: 363005527 501(c)(3) Education

Chicago, IL

Total Revenue
$35,543,648
Total Expenses
$40,347,235
Total Assets
$81,988,762
Net Assets
$77,582,676
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
IL
Principal Officer
Michael Horowitz
Phone
3123296600
Tax Period
2024-06-01 to 2025-05-31

The Chicago School of Professional Psychology, founded in 1979, is a mid-sized nonprofit in the Education sector that reported $35.5M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $40.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

The Chicago School educates the next generation of change-makers in innovative theory and culturally competent practice to strengthen the integrated health of individuals, organizations, and communities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,819,779
Program Service Revenue $32,798,600
Investment Income $349,677
Other Revenue $575,592
TOTAL REVENUE $35,543,648

Expense Breakdown

Grants Paid $1,913,346
Salaries & Benefits $16,138,859
Fundraising Expenses $399,411
Program Expenses $26,067,575
Other Expenses $22,295,030
TOTAL EXPENSES $40,347,235

Year-over-Year Comparison

2024 2023 Change
Revenue $35,543,648 $41,863,124 -0.2%
Expenses $40,347,235 $37,220,453 +0.1%
Net Income $-4,803,587 $4,642,671 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
4
Employees
26
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,012,236
Total Directors
6
$2,800,848
Key Employees
1
$658,216
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Horowitz Corporate President/Trustee 2.00
Officer Director
$0 $181,097 $1,747,997
Michele Nealon Institution Pres./Trustee 2.00
Officer Director
$0 $100,010 $1,052,851
Terrence Layng Board Chair 2.00
Director
$0 $0 $0
Marie Hansen Vice Chair 2.00
Director
$0 $0 $0
Victoria Dolan Trustee 2.00
Director
$0 $0 $0
Manika Turnbull Trustee 2.00
Director
$0 $0 $0
Jennifer Gantz Corporate Treasurer 2.00
Officer
$0 $24,740 $400,478
Shari Mikos Corporate Secretary 2.00
Officer
$0 $28,735 $368,593
Greg Beno Assistant Corporate Treasurer 2.00
Officer
$0 $18,468 $276,060
Sara Sotelo Assistant Corporate Secretary 2.00
Officer
$0 $19,684 $113,178
Elisa Davis Assistant Secretary 2.00
Officer
$0 $3,895 $53,079
John Lucas Dean/Chief Academic Officer 40.00
Key Emp
$0 $54,873 $658,216
Michael Russell Executive Director, Forensic Center 40.00
Highest
$138,359 $22,959 $161,318
Ana Belmonte Division Chair 40.00
Highest
$129,421 $22,329 $151,750
Casey Sharpe Department Faculty 40.00
Highest
$117,920 $8,907 $126,827
Rebecca Gilley Staff Psychologist 40.00
Highest
$103,447 $11,171 $114,618
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $35,543,648 $40,347,235 $81,988,762 $-4,803,587
2024 $41,863,124 $37,220,453 $87,024,474 $4,642,671
2023 $39,286,382 $35,124,141 $85,670,645 $4,162,241
2022 $36,980,422 $33,842,759 $82,663,765 $3,137,663
2021 $37,883,527 $32,820,055 $85,051,044 $5,063,472
2020 $35,936,035 $31,325,234 $79,379,426 $4,610,801
2019 $33,960,773 $28,846,639 $70,854,651 $5,114,134
2018 $34,296,338 $32,305,102 $65,189,293 $1,991,236
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