Civic Intelligence

Denver Institute for Psychoanalysis Attn Denise Wagner

990 • Fiscal year 2020 • EIN 23-7065236

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 03, 2020

13001 E 17th Place Mail Stop F546Aurora, CO 80045

(303) 724-2666

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

40th percentile

0.08x

Higher debt load relative to revenue than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$14,000

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

63rd percentile

13%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

79th percentile

27%

Faster revenue growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,407,348

Up $157,438 (+13%) from 2019

Net Assets

Up

$1,380,575

Up $133,669 (+11%) from 2019

Liabilities

Up

$26,773

Up $23,769 (+791%) from 2019

Revenue

Up

$336,533

Up $70,818 (+27%) from 2019

Expenses

Up

$202,864

Up $17,544 (+9.5%) from 2019

Net Income

Up

$133,669

Up $53,274 (+66%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2013: $894,646Liabilities 2013: $5,384Net Assets 2013: $889,2622013Assets 2014: $919,745Liabilities 2014: $3,436Net Assets 2014: $916,3092014Assets 2015: $947,696Liabilities 2015: $123Net Assets 2015: $947,5732015Assets 2016: $1,013,983Liabilities 2016: $271Net Assets 2016: $1,013,7122016Assets 2017: $1,079,306Liabilities 2017: $1,586Net Assets 2017: $1,077,7202017Assets 2018: $1,171,184Liabilities 2018: $4,673Net Assets 2018: $1,166,5112018Assets 2019: $1,249,910Liabilities 2019: $3,004Net Assets 2019: $1,246,9062019Assets 2020: $1,407,348Liabilities 2020: $26,773Net Assets 2020: $1,380,5752020Assets 2021: $1,528,456Liabilities 2021: $5,774Net Assets 2021: $1,522,6822021Assets 2022: $1,669,530Liabilities 2022: $3,012Net Assets 2022: $1,666,5182022Assets 2023: $1,657,464Liabilities 2023: $7,878Net Assets 2023: $1,649,5862023Assets 2024: $1,646,540Liabilities 2024: $679Net Assets 2024: $1,645,8612024Assets 2025: $1,704,684Liabilities 2025: -$1,043Net Assets 2025: $1,705,7272025

Highlighted filing

2020

Assets$1,407,348
Liabilities$26,773
Net Assets$1,380,575

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2013: $176,5762013Revenue 2014: $175,836Expenses 2014: $148,789Net Income 2014: $27,0472014Revenue 2015: $186,750Expenses 2015: $155,486Net Income 2015: $31,2642015Revenue 2016: $227,875Expenses 2016: $161,736Net Income 2016: $66,1392016Revenue 2017: $232,494Expenses 2017: $168,485Net Income 2017: $64,0092017Revenue 2018: $266,271Expenses 2018: $177,480Net Income 2018: $88,7912018Revenue 2019: $265,715Expenses 2019: $185,320Net Income 2019: $80,3952019Revenue 2020: $336,533Expenses 2020: $202,864Net Income 2020: $133,6692020Revenue 2021: $371,403Expenses 2021: $229,296Net Income 2021: $142,1072021Revenue 2022: $377,120Expenses 2022: $233,284Net Income 2022: $143,8362022Revenue 2023: $210,733Expenses 2023: $227,665Net Income 2023: -$16,9322023Revenue 2024: $240,560Expenses 2024: $244,285Net Income 2024: -$3,7252024Revenue 2025: $302,062Expenses 2025: $242,196Net Income 2025: $59,8662025

Highlighted filing

2020

Revenue$336,533
Expenses$202,864
Net Income$133,669
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 3, 2020
Return Version
2019v5.1
Gross Receipts
$1,381,948
Mission and Program Overview

Mission

The Denver Institute for Psychoanalysis is organized for the purpose of providing psychoanalytic education for the qualified applicants, to advance scholarship and research in the science of psychoanalysis, and to encourage application of psychoanalytic knowledge to relevant fields of study and practice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$983,295$1,083,376▲ $100,081
Savings and Temporary Cash Investments$246,047$247,419▲ $1,372
Cash and Non-Interest-Bearing Accounts$19,650$75,602▲ $55,952
Land, Buildings, and Equipment, Net$885$885→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,249,910$1,407,348▲ $157,438
Other Assets Total$33$66▲ $33
Liabilities
Other Liabilities$0$24,101▲ $24,101
Accounts Payable and Accrued Expenses$3,004$2,672▼ $332
Total Liabilities$3,004$26,773▲ $23,769
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,246,906$1,380,575▲ $133,669
Total Liabilities and Net Assets / Fund Balance$1,249,910$1,407,348▲ $157,438

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$885$5,849$6,734
Other Securities$1,083,376--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$246,047-▼ $886-$247,419
2018$189,344$50,000▲ $14,136-$246,047
2017$136,745$50,000▲ $8,297-$189,344
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stacey Fry PsyDDirectorPT$14,000$14,000
Rachel Norwood MDAssociate DirectorPT$8,000$8,000
Paula Bernstein PhDTreasurerPT$2,000$2,000
David Williams MDSecretary-$933$933

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$129,556
Program Service Revenue
$95,863
Investment Income
$111,114
Other Revenue
$0
All Other Contributions
$129,556
Change in Net Assets
$133,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,896
Other Expenses$59,968
Professional Fundraising Fees$3,000
Total Fundraising Expense$3,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,552--$104,552
Current Officers, Directors, Trustees, and Key Employees$24,933--$24,933
Fees for Services Legal-$13,702-$13,702
Payroll Taxes$8,375--$8,375
Occupancy$6,291--$6,291
Insurance$5,603--$5,603
Information Technology$4,463--$4,463
Conferences and Meetings$4,183--$4,183
Other Expenses$3,000--$3,000
Fees for Services Professional Fundraising--$3,000$3,000
Fees for Services Accounting-$2,425-$2,425
Office Expenses$2,234--$2,234
Other Employee Benefits$2,036--$2,036
All Other Expenses$959--$959
Advertising$202--$202
Total Functional Expenses$183,737$16,127$3,000$202,864
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$3,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP Loan$24,101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the 990 is electronically transmitted to the organization for their review before the return is filed.

Form 990, Part VI, Section C, line 19

Posted last 3 years on Colorado Gives website.

Part VI, line 11

The Director of the Institute and the Treasurer review the 990 and attempt to identify any areas of concern, discrepancies or inaccuracies.

Filing and Contact Details

Filer

Filer Name
Denver Institute for Psychoanalysis
EIN
23-7065236
Phone
3037242666
Address
13001 E 17th Place Mail Stop F546, Aurora, CO 80045

Signing Officer

Name
Paula Bernstein
Title
Treasurer
Phone
3037242666
Signed
2020-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Rosen PsyD
Formed
1970
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
SingerLewak LLP
Address
2000 S Colorado Blvd Ste 2-200, Denver, CO 80222
Preparer
William M Holben
Phone
3037592727
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

Funds held by Community First Foundation for the purpose of providing psychoanalytic education for the qualified applicants, to advance scholarship and research in the science of psychoanalysis, and to encourage application of psychoanalytic knowledge to relevant fields of study and practice.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Funds held by Community First Foundation for the purpose of providing psychoanalytic education for the qualified applicants, to advance scholarship and research in the science of psychoanalysis, and to encourage application of psychoanalytic knowledge to relevant fields of study and practice.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policy is stated in the materials describing the programs that are used to solicit students, including the Bulletin and the Website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is electronically transmitted to the organization for their review before the return is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Posted last 3 years on Colorado Gives website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Director of the Institute and the Treasurer review the 990 and attempt to identify any areas of concern, discrepancies or inaccuracies.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, line 11
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IRS990/USAddress/AddressLine1Txt013001 E 17th Place Mail Stop F546

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