Nevada Coalition for Psychedelic Medicines

EIN: 923319884 Mental Health

Reno, NV

Total Revenue
$296,353
Total Expenses
$191,808
Total Assets
$113,897
Net Assets
$108,126
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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NV
Principal Officer
Catherine Cotter
Phone
7752507973
Tax Period
2024-01-01 to 2024-12-31

Nevada Coalition for Psychedelic Medicines, founded in 2023, is a small nonprofit in the Mental Health sector that reported $296K in total revenue in fiscal year 2024. Revenue surged 1097% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 35% operating margin.

Mission

To champion the legalization of psychedelic-assisted therapy and the reduction of penalties. Through education, collaboration, cultural change, and policy reform, we are fighting to save lives and revolutionize mental health.

Program Service Accomplishments

Program 1
Expenses: $74,032

Legislative Advocacy & Policy Reform:NCPM advocates for legislation and policy reforms that expand access to psychedelic-assisted therapies, particularly for veterans, first responders, and others...

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Legislative Advocacy & Policy Reform:NCPM advocates for legislation and policy reforms that expand access to psychedelic-assisted therapies, particularly for veterans, first responders, and others with treatment-resistant conditions. In 2024, we engaged directly with Nevada legislators, testified at hearings, coordinated with national advocacy partners, and organized public awareness efforts to support safe and regulated access to psychedelic therapies.(Continued on Schedule O)Key accomplishments include:- Meeting with Nevada state senators and assembly members to advance psychedelic therapy legislation.- Providing policy recommendations in collaboration with national partners including veteran and law enforcement non-profits. - Building bipartisan support and educating policymakers on the therapeutic potential and public health benefits of psychedelic-assisted therapy.In 2024, NCPM leadership also served on the Nevada Psychedelic Medicines Working Group, established under SB242 (passed in 2023 with NCPM's support). Through this role and sustained interim advocacy, NCPM helped shape key policy recommendations that led to the introduction of two major bills in 2025: SJR10, a resolution urging Congress to reschedule certain psychedelics, allocate funding for research, and expand access to therapy, and AB378, a pilot program providing regulated access to psilocybin therapy for veterans and former first responders. SJR10 passed with bipartisan support, with 27 legislators signing on as sponsors or co-sponsors; AB378 was similarly backed by 24 bipartisan supporters. Throughout the year, NCPM remained committed to its mission to advance safe, equitable, and science-informed psychedelic policy in Nevada.

Program 2
Expenses: $62,949 Revenue: $106

Public Education and Community Engagement:NCPM advances public understanding about the therapeutic potential of psychedelic medicines through educational outreach and community engagement efforts...

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Public Education and Community Engagement:NCPM advances public understanding about the therapeutic potential of psychedelic medicines through educational outreach and community engagement efforts aimed at shifting public perception, informing policy, and empowering stakeholders. In 2024, we hosted virtual summits and webinars addressing emerging clinical research and state and federal policy developments, published regular newsletters, and distributed educational content on safe, equitable access to psychedelic therapies. These initiatives aimed to inform both the public and policymakers, supporting cultural change and legislative momentum.(Continued on Schedule O)Accomplishments may include:- Produced and distributed digital newsletters highlighting local and national psychedelic policy developments.- Hosted online educational events, including webinars and virtual summits, to inform the public about access models, research, and regulation.- Maintained active engagement across digital platforms, reaching approximately 2,300 followers across email and combined social platforms.- Provided informational resources to policymakers and the public in support of safe, regulated psychedelic-assisted therapies.

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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 $296,243
Program Service Revenue $106
Investment Income $4
Other Revenue $0
TOTAL REVENUE $296,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,478
Fundraising Expenses $36,872
Program Expenses $136,981
Other Expenses $64,330
TOTAL EXPENSES $191,808

Year-over-Year Comparison

2024 2023 Change
Revenue $296,353 $24,751 +11.0%
Expenses $191,808 $21,210 +8.0%
Net Income $104,545 $3,541 +28.5%
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
N/A
Volunteers
20

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
$136,000
Total Directors
10
$136,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Anderson Secretary 1.00
Officer Director
$0 $0 $0
Catherine Cotter Executive Director/Treasurer 40.00
Officer Director
$59,000 $0 $59,000
Jonathan Dalton CEO/President 40.00
Officer Director
$77,000 $0 $77,000
Greg Rea Director (Until Jan '24) 1.00
Director
$0 $0 $0
Tory Clark Director (Until Jan '24) 1.00
Director
$0 $0 $0
Justin Van Pelt Director (Until Jan '24) 1.00
Director
$0 $0 $0
Bryan Lang Director 1.00
Director
$0 $0 $0
Matt Peek Director (Until Apr '24) 1.00
Director
$0 $0 $0
Barry Cole Director 1.00
Director
$0 $0 $0
Dr Sam Zand Director 1.00
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 $296,353 $191,808 $113,897 $104,545
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