Texas Institute For Professional Psychology

EIN: 852291951 501(c)(3)

Plano, TX

Total Revenue
$200,000
Total Expenses
$145,471
Total Assets
$54,529
Net Assets
$54,529
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Phone
4692771801
Tax Period
2020-01-01 to 2020-12-31

Texas Institute For Professional Psychology, founded in 2020, is a small nonprofit that reported $200K in total revenue in fiscal year 2020. The organization ran a surplus of $55K, a strong 27% operating margin.

Mission

The purpose of the Texas Institute of Professional Psychology is to provide and facilitate education leading to a Doctorate in Clinical Psychology (PsyD) that meets or exceeds rules and regulations set out by THECB, SACS and the American Psychology Association (APA), community mental health by the placement of TIPP students with existing clinics and organizations locally and nationally, as part of the required learning experiences, and providing Continuing Education Units (CEUs) Seminars for the general professional public. - The process for becoming the institute laid out in the purpose is a lengthy one. TIPP has made advances toward the purpose of providing CEU Units, through work with consultants.

Program Service Accomplishments

Program 1
Expenses: $110,872 Revenue: $0

Academic Programs: TIPP has worked tirelessly with consultants to complete all sections of the Texas Workforce Commission application for Certificate of Approval under the heading of Career Colleges...

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Academic Programs: TIPP has worked tirelessly with consultants to complete all sections of the Texas Workforce Commission application for Certificate of Approval under the heading of Career Colleges and Schools. This involves securing and preparing initial classroom space, writing all curricula and syllabi for TIPP's initial academic offering, the Advanced Psychoanalytic Patient Care Program - which will be a CEU driven program until such time as TIPP may file with the state to be a degree granting institution and then for regional and programmatic accreditation, as laid out in the purpose. All curricula have been reviewed and approved by outside experts, TIPP has secured and built out a Learning Management System for student use, made proper arrangements for collection of tuition, written all institute catalogs and supporting documents, and secured faculty for initial offerings, with the plan of beginning to accept students in Summer 2021. Meanwhile, TIPP has also consulted with experts and begun the initial critical steps to fulfill the long-term mission of regional and APA accreditation. The infrastructure necessary to responsibly admit and educate students has been put into place.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $200,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $200,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,575
Fundraising Expenses $99
Program Expenses $110,872
Other Expenses $34,896
TOTAL EXPENSES $145,471

Year-over-Year Comparison

2020 2019 Change
Revenue $200,000 N/A N/A
Expenses $145,471 N/A N/A
Net Income $54,529 $0 N/A
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
8
Independent Members
5
Employees
3
Volunteers
N/A

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
3
$101,923
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marie Krebs Board Chair 2.00
Director
$0 $0 $0
Jannis Moody Board Vice Chair 2.00
Director
$0 $0 $0
Marcy Kujak Board Secretary 2.00
Director
$0 $0 $0
Monika Arris Board Treasurer 2.00
Director
$0 $0 $0
Leigh Kamore-Haynes Board Member-at-Large 2.00
Director
$0 $0 $0
Michael Leach Board President/Dean 40.00
Officer
$33,846 $0 $33,846
Mark Matthews Board Executive Vice President/Director of Clinical Training 40.00
Officer
$33,846 $0 $33,846
Vicki Clear Provost 40.00
Officer
$34,231 $0 $34,231
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
2020 $200,000 $145,471 $54,529 $54,529
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