ASSOCIATION OF BLACK PSYCHOLOGISTS

EIN: 382036088 501(c)(3) Mental Health

FORT WASHINGTON, MD

Total Revenue
$608,598
Total Expenses
$836,088
Total Assets
$557,083
Net Assets
$467,622
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
DC
Principal Officer
SHARON BETHEA
Tax Period
2023-10-01 to 2024-09-30

ASSOCIATION OF BLACK PSYCHOLOGISTS, founded in 1968, is a small nonprofit in the Mental Health sector that reported $609K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $836K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES; PROMOTING AND ADVANCING THE PROFESSION OF AFRICAN PSYCHOLOGY; INFLUENCING AND AFFECTING SOCIAL CHANGE;AND DEVELOPINGPROGRAMS WHEREBY PSYCHOLOGISTS OF AFRICAN DESCENT CAN ASSIST IN SOLVING BLACK PROBLEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $170,287
Program Service Revenue $300,005
Investment Income $7,005
Other Revenue $131,301
TOTAL REVENUE $608,598

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,016
Fundraising Expenses $0
Program Expenses $722,791
Other Expenses $579,072
TOTAL EXPENSES $836,088

Year-over-Year Comparison

2023 2022 Change
Revenue $608,598 $900,216 -0.3%
Expenses $836,088 $911,574 -0.1%
Net Income $-227,490 $-11,358 +19.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
50

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERMAINE ROBERTSON SOUTHERN REGIONAL REPRESENTAT 10.00
Director
$0 $0 $0
TANIA LODGE MIDWESTERN REGIONAL REPRESENT 10.00
Director
$0 $0 $0
ADEEBA DETERVILLE GENERAL ASSEMBLY CHAIR 10.00
Director
$0 $0 $0
ZEEYON WALKER WESTERN REGIONAL REPRESENTATI 10.00
Director
$0 $0 $0
ERYKA BOYD EASTERN REGIONAL REPRESENTATI 10.00
Director
$0 $0 $0
JOANNE LEBURN STUDENT CIRCLE CHAIR 10.00
Director
$0 $0 $0
SHARON BETHEA PRESIDENT 25.00
Officer Director
$0 $0 $0
DEREK WILSON PRESIDENT ELECT 25.00
Officer Director
$0 $0 $0
SHAWN JONES SECRETARY 10.00
Officer Director
$0 $0 $0
RACHEL GAITER TREASURER 10.00
Officer Director
$0 $0 $0
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
2024 $608,598 $836,088 $557,083 $-227,490
2023 $900,216 $911,574 $732,767 $-11,358
2022 $717,756 $565,205 $739,817 $152,551
2021 $951,008 $610,154 $587,422 $340,854
2020 $411,349 $436,578 $239,715 $-25,229
2019 $524,429 $432,948 $267,878 $91,481
2018 $678,571 $761,388 $248,985 $-82,817
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