Nonprofit · EIN 85-4272437
PEARL PSYCHEDELIC INSTITUTE
Tax-exempt · WAYNESVILLE, NC 28786
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $536,305 | $666,970 | -$130,665 | $19,616 | $223,710 | -$204,094 |
| December 31, 2024 | 990 | $382,706 | $537,615 | -$154,909 | $39,864 | $113,293 | -$73,429 |
| December 31, 2023 | 990 | $630,212 | $539,456 | $90,756 | $82,530 | $1,050 | $81,480 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $142,553
- Program service revenue
- $393,752
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,536
- Salaries, compensation and benefits (total)
- $82,214
- Professional fundraising fees
- $0
- Legal fees
- $19,110
- Accounting fees
- $2,400
- Occupancy
- $59,617
- Travel
- $5,114
- Depreciation
- $6,531
- Program services (functional)
- $588,165
- Management and general (functional)
- $56,618
- Fundraising (functional)
- $22,187
Balance sheet and other
- Total assets, start of year
- $39,864
- Total assets, end of year
- $19,616
- Total liabilities, end of year
- $223,710
- Net assets, end of year
- -$204,094
- Land, buildings and equipment
- $12,949
- Net assets without donor restrictions
- -$204,094
- Gross receipts
- $536,305
- Employees
- 5
- Year formed
- 2020
- State of legal domicile
- NC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ASHLEY ROBINSON | EMPLOYEE Key employee | 15 | $36,503 | $36,503 |
| RAYMOND TURPIN III | CLINICAL AND EXECUTIVE DIRECTOR Officer, Key employee | 35 | $22,000 | $22,000 |
| KIMBERLY TURPIN | EMPLOYEE Key employee | 35 | $17,033 | $17,033 |
| BILL ZIMMER | TREASURER Trustee or director, Officer | 10 | $0 | $0 |
| LYNN CARLSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| NICK NOWAK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GINA GIORGIO | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ANTHONY RIVERA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALEX SIMON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EHREN CRUZ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JUSTIN POWELL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOHN MICHAEL KLEDIS | TREASURER Trustee or director, Officer | 0.5 | $0 |
| LYNN CARLSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KELLY BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| COLLIN OBERRY | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| RAYMOND TURPIN III | CLINICAL AND EXECUTIVE DIRECTOR Officer | 35 | $0 |
| BILL ZIMMER | CFO AND COO Officer, Key employee | 10 | $0 |
| LAURA PATE | EMPLOYEE Key employee | 15 | $0 |
| KIMBERLY TURPIN | EMPLOYEE Key employee | 35 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| RAYMOND TURPIN III | CLINICAL AND EXECUTIVE DIRECT Officer, Key employee | 35 | $45,000 | $45,000 |
| KIMBERLY TURPIN | EMPLOYEE Key employee | 35 | $26,083 | $26,083 |
| BILL ZIMMER | CFO AND COO Officer, Key employee | 10 | $22,500 | $22,500 |
| LAURA PATE | EMPLOYEE Key employee | 15 | $10,556 | $10,556 |
| EHREN CRUZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| JUSTIN POWELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| COLLIN OBERRY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN MICHAEL KLEDIS | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| LYNN CARLSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KELLY BUTLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 ACADEMY ST, WAYNESVILLE, NC 28786-3701
- In care of
- % RAYMOND TURPIN III
- Principal officer (990 for 2025)
- RAYMOND TURPIN III, 55 ACADEMY ST, Waynesville, NC 28786
- Signed the 990
- RAYMOND TURPIN III, CLINICAL AND EXECUTIVE DIRECTOR
- Phone
- (828) 507-1421
- Return prepared by
- PERIDOT CONSULTING INC
Mission
THE PEARL PSYCHEDELIC INSTITUTE HAS BEEN CREATED TO ADVANCE THE STUDY AND UNDERSTANDING OF PSYCHEDELIC MEDICINES THROUGH RESEARCH, TREATMENT, TRAINING AND COMMUNITY EDUCATION.
Program accomplishments
- RESEARCH, TREATMENT, TRAINING AND COMMUNITY EDUCATION.Expenses $588,165 · revenue $393,752
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4272437
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H48)
- Assets (IRS master file)
- $19,616
- Income (IRS master file)
- $536,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $536,305 | $666,970 | $19,616 | IRS |
| 990 | December 2024 | $382,706 | $537,615 | $39,864 | IRS |
| 990 | December 2023 | $630,212 | $539,456 | $82,530 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 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 85-4272437).
Questions about PEARL PSYCHEDELIC INSTITUTE
- What is the EIN of PEARL PSYCHEDELIC INSTITUTE?
- The employer identification number (EIN) of PEARL PSYCHEDELIC INSTITUTE is 85-4272437.
- Is PEARL PSYCHEDELIC INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PEARL PSYCHEDELIC INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEARL PSYCHEDELIC INSTITUTE 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 PEARL PSYCHEDELIC INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEARL PSYCHEDELIC INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PEARL PSYCHEDELIC INSTITUTE?
- The 990 for the year ended December 31, 2025 names RAYMOND TURPIN III.
- Who are the officers and directors of PEARL PSYCHEDELIC INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 9 people; 3 received compensation from the organization, the highest $36,503 (ASHLEY ROBINSON, EMPLOYEE).
- How much revenue does PEARL PSYCHEDELIC INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $536,305, expenses of $666,970 and total assets of $19,616 at year end.
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All nonprofits in WAYNESVILLE · North Carolina · Medical research