PSYCHEDELIC RESEARCH AND TRAINING INSTITUTE

EIN: 843307188 501(c)(3) Education

FORT COLLINS, CO

Total Revenue
$449,479
Total Expenses
$503,722
Total Assets
$242,683
Net Assets
$242,683
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CO
Principal Officer
WILHELMINA DE CASTRO
Phone
9097029968
Tax Period
2025-01-01 to 2025-12-31

PSYCHEDELIC RESEARCH AND TRAINING INSTITUTE, founded in 2019, is a small nonprofit in the Education sector that reported $449K in total revenue in fiscal year 2025. Revenue decreased 20% compared to the prior year. Expenses of $504K exceeded revenue, resulting in a 12% operating deficit.

Mission

PRATI IS A NONPROFIT COMMUNITY OF PRACTITIONERS, RESEARCHERS, AND EDUCATORS. THROUGH PSYCHEDELIC MEDICINE, PRATI NURTURES A NEW APPROACH TO MENTAL HEALTH AND ILLUMINATES A PATHWAY FOR INDIVIDUAL AND PLANETARY HEALING. WE DO SO BY EXPANDING PROFESSIONAL CAPACITY FOR TRANSFORMATIONAL CARE, APPROACH TO MENTAL HEALTH AND ILLUMINATES A PATHWAY FOR INDIVIDUAL AND PLANETARY HEALING. WE DO SO BY EXPANDING PROFESSIONAL CAPACITY FOR TRANSFORMATIONAL CARE, RESTORING A RELATIONAL PARADIGM OF HEALTH AND HEALING, AND CONDUCTING CLINICALLY RELEVANT RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $175,083 Revenue: $1,495

THE BUSINESS OF PSYCHEDELIC MEDICINE - PRATI CONTINUES TO PROVIDE A FOUR-DAY LIVE TRAINING PROGRAM THAT DELIVERS PRACTICAL SKILLS TO BUILD AND RUN A PSYCHEDELIC MEDICINE CLINIC.

Program 2
Expenses: $126,422 Revenue: $246,734

KETAMINE-ASSISTED PSYCHOTHERAPY TRAINING - PRATI SUCCESSFULLY TRAINED 140 HEALTHCARE PROFESSIONALS IN KETAMINE-ASSISTED PSYCHOTHERAPY. WE WERE EXCITED TO IMPLEMENT A 100% DISCOUNT TO 20 BIPOC AND/OR...

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KETAMINE-ASSISTED PSYCHOTHERAPY TRAINING - PRATI SUCCESSFULLY TRAINED 140 HEALTHCARE PROFESSIONALS IN KETAMINE-ASSISTED PSYCHOTHERAPY. WE WERE EXCITED TO IMPLEMENT A 100% DISCOUNT TO 20 BIPOC AND/OR INDIVIDUALS FACING ECONOMIC HARDSHIP.

Program 3
Expenses: $81,141 Revenue: $30,200

ETS - THIS PRATI PROGRAM WAS TO SUPPORT HEALTHCARE PROFESSIONALS IN LEARNING DIFFERENT THERAPEUTIC AND SUPPORTIVE TECHNIQUES FROM INDIGENOUS TEACHERS, TO HELP SUPPORT THEIR WORK IN PSYCHEDELIC...

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ETS - THIS PRATI PROGRAM WAS TO SUPPORT HEALTHCARE PROFESSIONALS IN LEARNING DIFFERENT THERAPEUTIC AND SUPPORTIVE TECHNIQUES FROM INDIGENOUS TEACHERS, TO HELP SUPPORT THEIR WORK IN PSYCHEDELIC ASSISTED THERAPY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $8,307
Program Service Revenue $435,272
Investment Income $0
Other Revenue $5,900
TOTAL REVENUE $449,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,860
Fundraising Expenses $0
Program Expenses $453,349
Other Expenses $387,862
TOTAL EXPENSES $503,722

Year-over-Year Comparison

2025 2024 Change
Revenue $449,479 $559,658 -0.2%
Expenses $503,722 $511,479 0.0%
Net Income $-54,243 $48,179 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
3

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
1
$104,860
Total Directors
4
$104,860
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILHELMINA DE CASTRO PRESIDENT 25
Officer Director
$104,860 $0 $104,860
LIA MIX BOARD MEMBER 2
Director
$0 $0 $0
JOE TAFUR BOARD MEMBER 2
Director
$0 $0 $0
KWASI ADUSEI BOARD MEMBER 2
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 $449,479 $503,722 $242,683 $-54,243
2024 No data No data No data No data
2023 $519,283 $456,345 $248,747 $62,938
2022 $440,493 $325,904 $185,536 $114,589
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