Nonprofit · EIN 23-7360583
INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19147
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $665,867 | $745,813 | -$79,946 | $276,285 | $260,621 | $15,664 |
| May 31, 2024 | 990 | $759,780 | $736,285 | $23,495 | $410,201 | $319,420 | $90,781 |
| May 31, 2023 | 990 | $803,466 | $711,762 | $91,704 | $425,793 | $358,507 | $67,286 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $35,073
- Membership dues
- $3,250
- Program service revenue
- $620,302
- Investment income
- $0
- Net rental income
- $7,283
- Other revenue
- $10,492
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $150,804
- Other salaries and wages
- $83,864
- Salaries, compensation and benefits (total)
- $256,614
- Professional fundraising fees
- $0
- Accounting fees
- $6,996
- Occupancy
- $9,074
- Travel
- $663
- Depreciation
- $13,728
- Program services (functional)
- $542,872
- Management and general (functional)
- $202,836
Balance sheet and other
- Total assets, start of year
- $410,201
- Total assets, end of year
- $276,285
- Total liabilities, end of year
- $260,621
- Net assets, end of year
- $15,664
- Land, buildings and equipment
- $196,814
- Gross receipts
- $665,867
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1973
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Correale | Executive Director Officer, Key employee | 40 | $75,500 |
| Wallace Fletcher | President Trustee or director | 2 | $0 |
| Marie Hartke | Vice President Trustee or director, Officer | 10 | $0 |
| Jack Brown | Treasurer Trustee or director, Officer | 2 | $0 |
| Deb Grigson | Public Board Member Trustee or director, Officer | 2 | $0 |
| William Lorman | Secretary Trustee or director, Officer | 2 | $0 |
| Chandler Zachary | Independent Board Member Trustee or director | 2 | $0 |
| Barbara Smith | Board Member Trustee or director | 2 | $0 |
| Evelyn White | Board Member Trustee or director | 2 | $0 |
990 for the year ended May 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Correale | Executive Director Officer, Key employee | 40 | $75,551 |
| Wallace Fletcher | President Trustee or director, Officer | 2 | $0 |
| Marie Hartke | Vice President Trustee or director, Officer | 10 | $0 |
| Jack Brown | Treasurer Trustee or director, Officer | 2 | $0 |
| Deb Grigson | Public Board Member Trustee or director, Officer | 2 | $0 |
| William Lorman | Secretary Trustee or director, Officer | 2 | $0 |
| Chandler Zachary | Independent Board Member Trustee or director | 2 | $0 |
| Barbara Smith | Board Member Trustee or director | 2 | $0 |
| Evelyn White | Board Member Trustee or director | 2 | $0 |
990 for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lisa Correale | Executive Director Officer, Key employee | 40 | $56,195 |
| Marie Hartke | Vice President Trustee or director, Officer | 10 | $24,000 |
| Wallace Fletcher | President Trustee or director, Officer | 2 | $0 |
| Jack Brown | Treasurer Trustee or director, Officer | 2 | $0 |
| Deb Grigson | Public Board Member Trustee or director, Officer | 2 | $0 |
| William Lorman | Secretary Trustee or director, Officer | 2 | $0 |
| Chandler Zachary | Independent Board Member Trustee or director | 2 | $0 |
| Barbara Smith | Board Member Trustee or director | 2 | $0 |
| Evelyn White | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 401 S 2ND ST STE 303, PHILADELPHIA, PA 19147-1612
- Principal officer (990 for 2024)
- Lisa Correale, 313 S 16TH ST, PHILADELPHIA, PA 191024908
- Signed the 990
- Lisa Correale, Executive Director
- Phone
- (215) 732-8244
- Website
- www.psptraining.com
Mission
Psychoanalytic training institute for mental health professionals and provision of mental health services through our clinic to the Medicaid population of Philadelphia PA.
Program accomplishments
- Continuing operation of a mental health clinic which serves the Medicaid population of Philadelphia PAExpenses $370,598 · revenue $552,735
- Continuing operation of a school to train PsychotherapistsExpenses $172,274 · revenue $67,567
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7360583
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B5XZ)
- Assets (IRS master file)
- $276,285
- Income (IRS master file)
- $665,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $665,867 | $745,813 | $276,285 | XML |
| 990 | May 2024 | $759,780 | $736,285 | $410,201 | XML |
| 990 | May 2023 | $803,466 | $711,762 | $425,793 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7360583).
Questions about INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA
- What is the EIN of INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA?
- The employer identification number (EIN) of INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA is 23-7360583.
- Is INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA?
- The 990 for the year ended May 31, 2025 names Lisa Correale.
- Who are the officers and directors of INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA?
- The 990 for the year ended May 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $75,500 (Lisa Correale, Executive Director).
- How much revenue does INSTITUTE FOR MODERN PSYCHOANALYSIS OF PHILADELPHIA have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $665,867, expenses of $745,813 and total assets of $276,285 at year end.
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