The Institute for the Psychological Sciences Inc

EIN: 541911091 501(c)(3) Education

Sterling, VA

Total Revenue
$14,391,046
Total Expenses
$14,355,274
Total Assets
$9,209,158
Net Assets
$5,907,020
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
Fr Charles Sikorsky
Phone
7034161411
Tax Period
2024-07-01 to 2025-06-30

The Institute for the Psychological Sciences Inc, founded in 1998, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2017. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $7.4M left a modest 9% surplus.

Mission

Divine Mercy University is a Catholic graduate school of psychology and counseling, founded in 1999. The University is dedicated to the scientific study of psychology and counseling with a Catholic understanding of the person, marriage and the family.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,206,473
Program Service Revenue $9,997,398
Investment Income $23,273
Other Revenue $163,902
TOTAL REVENUE $14,391,046

Expense Breakdown

Grants Paid $2,375,920
Salaries & Benefits $8,342,125
Fundraising Expenses $760,826
Program Expenses $11,984,349
Other Expenses $3,637,229
TOTAL EXPENSES $14,355,274

Year-over-Year Comparison

2024 2023 Change
Revenue $14,391,046 $13,922,189 +0.0%
Expenses $14,355,274 $13,718,098 +0.0%
Net Income $35,772 $204,091 -0.8%
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
11
Independent Members
11
Employees
170
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
4
$78,308
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harvey Isaac Payne Dean - School of Counseling 40.00
Highest
$165,794 $16,609 $182,403
Thomas Ray Brooks VP - Enrollment & Marketing 40.00
Highest
$168,600 $12,504 $181,104
Stephen Sharp Dean of the Global Campus 40.00
Highest
$146,990 $10,859 $157,849
William Nordling Professor PSYD Program 40.00
Highest
$153,731 $3,923 $157,654
Thomas Cronquist Director Institutional Advancement 40.00
Highest
$145,108 $0 $145,108
Antonio Maza VP of FinanceTreasurer 40.00
Officer
$70,304 $8,004 $78,308
Eugene Zurlo Director 2.00
Director
$0 $0 $0
Dr G Alexander Ross Director 2.00
Director
$0 $0 $0
Bishop Paul Loverde Director 2.00
Director
$0 $0 $0
Barry Sugarman Director 5.00
Director
$0 $0 $0
Sr Mary Patrice Ahearn Director 2.00
Director
$0 $0 $0
Frank Hanna III Director 2.00
Director
$0 $0 $0
Christopher Lanconi Director 2.00
Director
$0 $0 $0
Maria Lourdes Fernandez Director 2.00
Director
$0 $0 $0
Fr Charles Sikorsky President Secretary 60.00
Officer Director
$0 $0 $0
Fr John Hopkins Vice Chairman 2.00
Officer Director
$0 $0 $0
Thomas Cunningham Chairman 4.00
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
2025 $14,391,046 $14,355,274 $9,209,158 $35,772
2024 $13,922,189 $13,718,098 $9,553,798 $204,091
2023 $12,376,635 $12,435,634 $9,059,637 $-58,999
2022 $11,624,455 $11,581,953 $8,909,677 $42,502
2021 $11,484,124 $11,209,827 $9,394,146 $274,297
2020 $10,534,586 $10,260,980 $10,673,904 $273,606
2019 $10,320,508 $9,066,094 $9,719,398 $1,254,414
2018 $8,154,992 $7,416,768 $8,092,141 $738,224
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