Civic Intelligence

William James College Inc

EIN 04-2620216 • 501(c)3 • Newton, MA

Profile

William james college strives to be a preeminent college of psychology that integrates rigorous academic instruction with extensive field education and close attention to professional development. We assume an ongoing social responsibility to create programs to educate specialists of many disciplines to meet the evolving mental health needs of society.

Refreshing map…

One Wells Avenue 400Newton, MA 02459

www.williamjames.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.51x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

65th percentile

0.60x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

47th percentile

3.5%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

82nd percentile

$786,973

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Revenue Growth

50th percentile

7.4%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2025

Assets

Up

$61,491,197

Up $3,453,202 (+5.9%) from 2024

Liabilities

Up

$31,186,793

Up $1,032,873 (+3.4%) from 2024

Net Assets

Up

$30,304,404

Up $2,420,329 (+8.7%) from 2024

Revenue

Up

$51,788,980

Up $3,559,502 (+7.4%) from 2024

Expenses

Up

$49,995,609

Up $3,704,143 (+8.0%) from 2024

Net Income

Down

$1,793,371

Down $144,641 (-7.5%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $7,388,772Liabilities 2011: $1,959,973Net Assets 2011: $5,428,7992011Assets 2012: $12,756,411Liabilities 2012: $7,402,031Net Assets 2012: $5,354,3802012Assets 2013: $15,241,482Liabilities 2013: $9,262,991Net Assets 2013: $5,978,4912013Assets 2014: $16,380,222Liabilities 2014: $9,309,317Net Assets 2014: $7,070,9052014Assets 2015: $17,315,286Liabilities 2015: $8,287,589Net Assets 2015: $9,027,6972015Assets 2016: $32,844,863Liabilities 2016: $22,153,258Net Assets 2016: $10,691,6052016Assets 2017: $34,086,114Liabilities 2017: $21,873,197Net Assets 2017: $12,212,9172017Assets 2018: $35,351,551Liabilities 2018: $21,712,517Net Assets 2018: $13,639,0342018Assets 2019: $36,352,330Liabilities 2019: $21,510,620Net Assets 2019: $14,841,7102019Assets 2020: $42,184,124Liabilities 2020: $24,165,459Net Assets 2020: $18,018,6652020Assets 2021: $45,239,419Liabilities 2021: $21,590,508Net Assets 2021: $23,648,9112021Assets 2022: $45,558,620Liabilities 2022: $21,996,293Net Assets 2022: $23,562,3272022Assets 2023: $50,241,420Liabilities 2023: $26,146,197Net Assets 2023: $24,095,2232023Assets 2024: $58,037,995Liabilities 2024: $30,153,920Net Assets 2024: $27,884,0752024Assets 2025: $61,491,197Liabilities 2025: $31,186,793Net Assets 2025: $30,304,4042025

Highlighted filing

2025

Assets$61,491,197
Liabilities$31,186,793
Net Assets$30,304,404

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0Expenses 2011: $13,983,2842011Expenses 2012: $17,714,0352012Revenue 2013: $19,986,461Expenses 2013: $19,620,504Net Income 2013: $365,9572013Revenue 2014: $21,362,653Expenses 2014: $20,461,687Net Income 2014: $900,9662014Revenue 2015: $24,987,356Expenses 2015: $22,992,496Net Income 2015: $1,994,8602015Revenue 2016: $27,140,303Expenses 2016: $25,298,121Net Income 2016: $1,842,1822016Revenue 2017: $27,361,098Expenses 2017: $26,039,943Net Income 2017: $1,321,1552017Revenue 2018: $30,125,010Expenses 2018: $28,806,719Net Income 2018: $1,318,2912018Revenue 2019: $32,022,555Expenses 2019: $30,607,620Net Income 2019: $1,414,9352019Revenue 2020: $34,165,479Expenses 2020: $31,009,384Net Income 2020: $3,156,0952020Revenue 2021: $38,636,649Expenses 2021: $34,863,928Net Income 2021: $3,772,7212021Revenue 2022: $39,612,124Expenses 2022: $38,420,223Net Income 2022: $1,191,9012022Revenue 2023: $44,900,652Expenses 2023: $43,839,105Net Income 2023: $1,061,5472023Revenue 2024: $48,229,478Expenses 2024: $46,291,466Net Income 2024: $1,938,0122024Revenue 2025: $51,788,980Expenses 2025: $49,995,609Net Income 2025: $1,793,3712025

Highlighted filing

2025

Revenue$51,788,980
Expenses$49,995,609
Net Income$1,793,371

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.5$31.2$30.3$51.8$50.0$1.79
2024Detailed filing. Detailed filing data is available for this year.$58.0$30.2$27.9$48.2$46.3$1.94
2023Detailed filing. Detailed filing data is available for this year.$50.2$26.1$24.1$44.9$43.8$1.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.6$22.0$23.6$39.6$38.4$1.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$21.6$23.6$38.6$34.9$3.77
2020Detailed filing. Detailed filing data is available for this year.$42.2$24.2$18.0$34.2$31.0$3.16
2019Detailed filing. Detailed filing data is available for this year.$36.4$21.5$14.8$32.0$30.6$1.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.4$21.7$13.6$30.1$28.8$1.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$21.9$12.2$27.4$26.0$1.32
2016Detailed filing. Detailed filing data is available for this year.$32.8$22.2$10.7$27.1$25.3$1.84
2015Summary only. Only limited summary data is available for this year.$17.3$8.29$9.03$25.0$23.0$1.99
2014Detailed filing. Detailed filing data is available for this year.$16.4$9.31$7.07$21.4$20.5$0.90
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$15.2$9.26$5.98$20.0$19.6$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$7.40$5.35$17.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$1.96$5.43$14.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Jan 19, 2026
Return Version
2024v5.5
Gross Receipts
$53,662,013
Mission and Program Overview

Mission

William james college strives to be a preeminent college of psychology that integrates rigorous academic instruction with extensive field education and close attention to professional development. We assume an ongoing social responsibility to create programs to educate specialists of many disciplines to meet the evolving mental health needs of society.

William james college strives to be a preeminent school of psychology that integrates rigorous academic instruction with extensive field education and close attention to professional development. We assume an ongoing social responsibility to create programs to educate specialists of many disciplines to meet the evolving mental health needs of society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,542,244$26,578,732▼ $963,512
Investments in Publicly Traded Securities$19,138,379$21,395,650▲ $2,257,271
Cash and Non-Interest-Bearing Accounts$4,576,868$4,942,817▲ $365,949
Savings and Temporary Cash Investments$2,864,143$4,472,204▲ $1,608,061
Accounts Receivable$3,196,774$3,402,182▲ $205,408
Prepaid Expenses and Deferred Charges$719,587$639,612▼ $79,975
Pledges and Grants Receivable-$60,000-
Total Assets$58,037,995$61,491,197▲ $3,453,202
Liabilities
Tax Exempt Bond Liabilities$22,696,895$22,120,091▼ $576,804
Deferred Revenue$4,330,006$5,176,789▲ $846,783
Accounts Payable and Accrued Expenses$3,127,019$3,889,913▲ $762,894
Total Liabilities$30,153,920$31,186,793▲ $1,032,873
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,529,664$28,582,351▲ $2,052,687
Net Assets With Donor Restrictions$1,354,411$1,722,053▲ $367,642
Total Net Assets Fund Balance$27,884,075$30,304,404▲ $2,420,329
Total Liabilities and Net Assets / Fund Balance$58,037,995$61,491,197▲ $3,453,202

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,041,231$4,779,446$16,820,677
Buildings$9,179,741$4,254,025$13,433,766
Land$4,618,064-$4,618,064
Other Land Buildings$739,696$2,132,899$2,872,595
Equipment$0$1,510,858$1,510,858

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,023,784$110,000▲ $92,395-$1,177,154
2023$927,410$2,500▲ $145,257-$1,023,784
2022$990,297$2,500▼ $14,004-$927,410
2021$1,165,267$2,500▼ $127,573-$990,297
2020$927,441-▲ $283,880-$1,165,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicholas CovinoPresidentFT$617,850$169,123$786,973
Stacey LambertVice President of Academic AffairsFT$292,652$47,312$339,964
Daniel BrentTreasurer and ClerkFT$299,561$9,459$309,020
Gemima St LouisVP for Workforce InitiativesFT$255,665$49,400$305,065
Daniel TierneyVP of Business DevelopmentFT$265,319$4,300$269,619
Nilda LaboyAss. VP for Academic AffairsFT$224,365$25,554$249,919
Evan GrenierAss. VP of Enrollment Mgmt.FT$180,529$5,482$186,011
Shannon LlorenttyAssistant ClerkFT$80,003$9,852$89,855

Highest Paid Contractors

ContractorServicesLocationCompensation
Vont LLCMarketing17 ASH STREET, Westbrook, ME 04092$1,092,378
Goulston & StorrsLegal400 ATLANTIC AVENUE, Boston, MA 02110$313,865
Rasky PartnersConsulting14 BEACON STREET, Boston, MA 02108$129,330
HollisterRecruiting28 STATE STREET, Boston, MA 02109$112,675
AnthologySoftware5201 CONGRESS AVENUE, Boca Raton, FL 33487$108,205
Revenue and Support

Revenue Composition

Contributions and Grants
$11,681,701
Program Service Revenue
$38,605,219
Investment Income
$1,435,468
Other Revenue
$66,592
All Other Contributions
$3,201,105
Change in Net Assets
$1,793,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,581,367
Revenue Not Reported on Financial Statements
$5,207,613
Revenue Not Reported on Form 990
$935,612
Other Revenue Adjustments
$5,059,346
Total Revenue per Audited Statements
$47,516,979
Total Revenue per Form 990
$51,788,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$33,108,156
Other Expenses$11,828,107
Grants and Similar Amounts Paid$5,059,346
Total Fundraising Expense$627,187
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,382,367$891,434$348,907$26,622,708
Grants to Domestic Individuals$5,059,346--$5,059,346
Other Employee Benefits$2,476,559$236,785$45,010$2,758,354
Fees for Services Other$2,412,355$100,627$123,658$2,636,640
Depreciation Depletion$1,668,482$149,664$25,008$1,843,154
Payroll Taxes$1,665,814$110,834$25,766$1,802,414
Advertising$1,489,875--$1,489,875
Office Expenses$670,050$649,483$6,241$1,325,774
Current Officers, Directors, Trustees, and Key Employees-$1,196,680-$1,196,680
Information Technology$1,004,554$105,668$26,098$1,136,320
Occupancy$801,957$87,340$14,594$903,891
Pension Plan Contributions$692,000$32,000$4,000$728,000
Other Expenses$565,038--$565,038
Interest$506,390$45,423$7,590$559,403
Fees for Services Legal-$326,472-$326,472
Insurance-$317,167-$317,167
Conferences and Meetings$201,386$50,382-$251,768
Fees for Service Investment Mgmnt Fees-$148,267-$148,267
Fees for Services Lobbying-$142,735-$142,735
Travel$90,561$3,165$315$94,041
Fees for Services Accounting-$87,562-$87,562
Total Functional Expenses$44,686,734$4,681,688$627,187$49,995,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$49,995,609
Total Expenses per Audited Statements$45,096,650
Expenses per Audited Statements$44,787,996
Expenses Not Reported on Financial Statements$5,207,613
Other Expense Adjustments$5,059,346
Expenses Not Reported on Form 990$308,654
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$224,010
Fundraising Direct Expenses$136,931
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
50th Anniversary Gala$243,090$224,010-$224,010
Total Events$243,090$224,010$136,931$87,079
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2021-05-28$22,885,000TO REFINANCE BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,885,000--$245,639

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of the completed form 990, including all schedules and attachments is presented first to the organization's finance committee and then to the executive committee for review. Upon approval, the 990 is presented to the board of directors with the finance and executive committees' recommendation for approval. Once approved, the 990 is signed and filed with the irs.

Form 990, Part VI, Section B, Line 12C

All officers, key employees and trustees are required to complete a conflict of interest questionnaire . The clerk reviews the questionaires for conflicts. Individuals with conflicts are barred from voting or participating in conflicting matters. Conflicts are disclosed in the annual audited financial statements and in the 990.

Form 990, Part VI, Section B, Line 15

The compensation of the president, treasurer and clerk are determined by the governanace committee of the board. The committee considers comparative data of similar positions of comparable sized colleges in the regions. For the president and treasurer, the college also engaged an outside consultant to help in the process. The deliberations and decisions of the committee are documented contemporaneously.

Form 990, Part VI, Section C, Line 19

The financial statements and form 990 can be obtained by the general public via the massachusetts attorney general's website. The conflict of interest policy is not available to the general public, but available upon request.

Filing and Contact Details

Filer

Filer Name
William James College Inc
EIN
04-2620216
Phone
6173276777
Address
ONE WELLS AVENUE 400, NEWTON, MA 02459

Signing Officer

Name
Daniel Brent
Title
Treasurer and Clerk
Phone
6173276777
Signed
2026-01-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Covino
Formed
1974
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
770
Volunteers
16

Preparer

Firm
Cbiz Advisors LLC
Address
53 STATE STREET 17TH FLOOR, BOSTON, MA 02109
Preparer
Brenda L Booth
Phone
6178075000
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

Donated artwork provides a comfortable environment for learning. The artwork also provides a stimulus for thought, conversation and interaction amongst students and faculty of the college.

PART V, LINE 4:

The college intends to use its endowment funds to support the future mission of the college.

PART X, LINE 2:

The college accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The college has identified its tax status as a tax exempt entity as a tax position; however, the college has determined that such tax position does not result in an uncertainty requiring recognition. The college is not currently under examination by any taxing jurisdiction. The college's federal and state income tax returns are generally open for examination for three years following the date filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 136,931. Rental expenses 171,723.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 5,059,346.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 171,723. Special event expense 136,931.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 5,059,346.

Raw XML AppendixShowing 400 of 979 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0WILLIAM JAMES COLLEGE STRIVES TO BE A PREEMINENT SCHOOL OF PSYCHOLOGY THAT INTEGRATES RIGOROUS ACADEMIC INSTRUCTION WITH EXTENSIVE FIELD EDUCATION AND CLOSE ATTENTION TO PROFESSIONAL DEVELOPMENT. WE ASSUME AN ONGOING SOCIAL RESPONSIBILITY TO CREATE PROGRAMS TO EDUCATE SPECIALISTS OF MANY DISCIPLINES TO MEET THE EVOLVING MENTAL HEALTH NEEDS OF SOCIETY.
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IRS990/Desc0ADVANCED DEGREE EDUCATIONAL INSTITUTION FOR PSYCHOLOGY (APPROXIMATELY 950 STUDENTS).ACADEMIC PROGRAMS: WILLIAM JAMES COLLEGE OFFERS INNOVATIVE ACADEMIC PROGRAMS THAT TRAIN PRACTITIONERS WHO ARE SENSITIVE TO UNDERSERVED POPULATIONS AND IS COMMITTED TO MAINTAINING AN ENVIRONMENT WHICH ACKNOWLEDGES AND RESPECTS CULTURAL AND INDIVIDUAL DIFFERENCES. AN INTEGRATIVE CURRICULUM OF CONCURRENT FIELD TRAINING AND ACADEMIC EXPERIENCE IMPARTS KNOWLEDGE AND SKILLS RELEVANT TO HUMAN DIVERSITY.DEGREE PROGRAMS:- DOCTOR OF PSYCHOLOGY- DOCTOR OF PSYCHOLOGY IN SCHOOL PSYCHOLOGY- DOCTOR OF PSYCHOLOGY IN LEADERSHIP PSYCHOLOGY- MASTER OF ARTS IN CLINICAL MENTAL HEALTH COUNSELING- MASTER OF ARTS IN ORGANIZATIONAL PSYCHOLOGY- MASTER OF ARTS IN PROFESSIONAL PSYCHOLOGY- MASTER OF ARTS IN APPLIED BEHAVIOR ANALYSIS- MASTER OF ARTS IN PSYCHOLOGY- BACHELOR OF SCIENCE IN PSYCHOLOGY AND HUMAN SERVICES- CERTIFICATE OF ADVANCED GRADUATE STUDIES IN SCHOOL PSYCHOLOGY- GRADUATE CERTIFICATE IN EXECUTIVE COACHING- CONTINUING EDUCATION, PREPATORY AND NON-MATRICULATING COURSES- CERTIFICATE IN APPLIED BEHAVIOR ANALYSIS AND GRADUATE CERTIFICATE IN SCHOOL LEADERSHIP - GRADUATE CERTIFICATE IN CRISIS RESPONSE IN BEHAVIORAL HEALTH- GRADUATE CERTIFICATE IN LEADING TRANSFORMATIVE MENTAL HEALTH IN SCHOOLSTHE COORDINATION OF THE ACADEMIC CLASSROOM EXPERIENCE AND FIELD PLACEMENT IS THE FOUNDATION FOR THE COHESIVE AND COMPREHENSIVE EDUCATIONAL PROGRAM AT WILLIAM JAMES COLLEGE. THE ACADEMIC EMPHASIS ON PROFESSIONAL PRACTICE, OPPORTUNITY TO APPLY CLASSROOM LEARNING IN THE FIELD, AND SEMINARS DESIGNED TO INTEGRATE CLASSROOM AND FIELD PLACEMENT EXPERIENCE ALL CONTRIBUTE TO THIS PURPOSE. FIELD PLACEMENT SITES, SELECTED AND DEVELOPED BY THE FIELD PLACEMENT STAFF, ARE COMPATIBLE WITH THE EDUCATIONAL OBJECTIVES OF THE COLLEGE. EACH STUDENT'S FIELD PLACEMENT COMBINES THEORY AND PRACTICE, AND MAXIMIZES THE STUDENT'S PROFESSIONAL DEVELOPMENT.SOME OF THE MOST EXCITING AND ENRICHING LEARNING OPPORTUNITIES TAKE PLACE IN WILLIAM JAMES COLLEGE'S FIELD PLACEMENT PROGRAM. WITH OVER 350 SITES TO CHOOSE FROM ACROSS THE WILLIAM JAMES COLLEGE TRAINING PROGRAMS, STUDENTS RECEIVE TRAINING IN A BROAD ARRAY OF CONTEXTS IN WHICH PROFESSIONAL PSYCHOLOGISTS PRACTICE. OUR INTEGRATED MODEL INCLUDES AN INTERNSHIP EXPERIENCE IN THE IMMEDIATE OR SURROUNDING AREA THAT IS CONSISTENT WITH THE STUDENT'S TRAINING GOALS AND OBJECTIVES.
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IRS990/MissionDesc0WILLIAM JAMES COLLEGE STRIVES TO BE A PREEMINENT COLLEGE OF PSYCHOLOGY THAT INTEGRATES RIGOROUS ACADEMIC INSTRUCTION WITH EXTENSIVE FIELD EDUCATION AND CLOSE ATTENTION TO PROFESSIONAL DEVELOPMENT. WE ASSUME AN ONGOING SOCIAL RESPONSIBILITY TO CREATE PROGRAMS TO EDUCATE SPECIALISTS OF MANY DISCIPLINES TO MEET THE EVOLVING MENTAL HEALTH NEEDS OF SOCIETY.
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