Civic Intelligence

Psi World Inc

990 • Fiscal year 2020 • EIN 23-7396641

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 05, 2021

PO Box 990Clearlake Oaks, CA 95423

(707) 202-9134

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.52x

Higher debt load relative to assets than 82% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

100th percentile

390%

Higher net margin than 100% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

Asset Growth

7th percentile

-12%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2020

Assets

Down

$2,024,215

Down $613,856 (-23%) from 2018

Net Assets

Down

$972,223

Down $341,274 (-26%) from 2018

Liabilities

Down

$1,051,992

Down $272,582 (-21%) from 2018

Revenue

Down

-$98,531

Down $608,917 (-119%) from 2018

Expenses

Down

$285,973

Down $29,344 (-9.3%) from 2018

Net Income

Down

-$384,504

Down $579,573 (-297%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $2,687,967Liabilities 2015: $1,744,365Net Assets 2015: $943,6022015Assets 2016: $2,755,450Liabilities 2016: $1,663,374Net Assets 2016: $1,092,0762016Assets 2017: $2,719,004Liabilities 2017: $1,444,782Net Assets 2017: $1,274,2222017Assets 2018: $2,638,071Liabilities 2018: $1,324,574Net Assets 2018: $1,313,4972018Assets 2020: $2,024,215Liabilities 2020: $1,051,992Net Assets 2020: $972,2232020Assets 2021: $7,667,620Liabilities 2021: $135,520Net Assets 2021: $7,532,1002021Assets 2022: $7,438,346Liabilities 2022: $19,349Net Assets 2022: $7,418,9972022Assets 2023: $6,996,536Liabilities 2023: $300,000Net Assets 2023: $6,696,5362023Assets 2024: $6,937,436Liabilities 2024: $300,000Net Assets 2024: $6,637,4362024

Highlighted filing

2020

Assets$2,024,215
Liabilities$1,051,992
Net Assets$972,223

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $269,281Expenses 2015: $306,737Net Income 2015: -$37,4562015Revenue 2016: $378,559Expenses 2016: $230,085Net Income 2016: $148,4742016Revenue 2017: $510,565Expenses 2017: $328,419Net Income 2017: $182,1462017Revenue 2018: $510,386Expenses 2018: $315,317Net Income 2018: $195,0692018Revenue 2020: -$98,531Expenses 2020: $285,973Net Income 2020: -$384,5042020Revenue 2021: $6,748,579Expenses 2021: $220,821Net Income 2021: $6,527,7582021Revenue 2022: $531,450Expenses 2022: $454,082Net Income 2022: $77,3682022Revenue 2023: $315,349Expenses 2023: $1,015,760Net Income 2023: -$700,4112023Revenue 2024: $423,068Expenses 2024: $350,462Net Income 2024: $72,6062024

Highlighted filing

2020

Revenue-$98,531
Expenses$285,973
Net Income-$384,504
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$277,893
Mission and Program Overview

Mission

Psi world conducts educational seminars; encouraging a healthy balance of the physical, mental, and spiratual aspects of mankind.

Psi world conducts educational seminars; encouraging a healthy balance of the physical, mental, and spiritual aspects of mankind.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,454,767$1,346,362▼ $108,405
Loans From Officers Directors-$885,470-
Cash and Non-Interest-Bearing Accounts$585,044$341,154▼ $243,890
Inventories for Sale or Use$130,200$122,429▼ $7,771
Receivable From Disqualified Prsn$212,021$108,663▼ $103,358
Investments in Publicly Traded Securities$103,667$105,607▲ $1,940
Total Assets$2,487,026$2,024,215▼ $462,811
Other Assets Total$1,327--
Liabilities
Mortgage Notes Payable Secured by Investment Property$917,340--
Other Liabilities$207,459$166,522▼ $40,937
Accounts Payable and Accrued Expenses$5,500--
Total Liabilities$1,130,299$1,051,992▼ $78,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,151,693$806,889▼ $344,804
Net Assets With Donor Restrictions$205,034$165,334▼ $39,700
Total Net Assets Fund Balance$1,356,727$972,223▼ $384,504
Total Liabilities and Net Assets / Fund Balance$2,487,026$2,024,215▼ $462,811

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$628,753$2,925,612$3,554,365
Leasehold Improvements$307,025$1,203,660$1,510,685
Land$385,605-$385,605
Equipment$1,647$274,486$276,133
Other Land Buildings$23,332$9,568$32,900
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jane C WillhiteChairwoman
Shirley HuntPresident
Robert SikoraDirector
Ronald NewmanDirector
Ernestine FischerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$134,272
Program Service Revenue
$0
Investment Income
$17,520
Other Revenue
$-250,323
All Other Contributions
$134,272
Change in Net Assets
$-384,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,247
Grants and Similar Amounts Paid$104,726
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$104,726--$104,726
Occupancy$92,712--$92,712
Fees for Services Accounting-$13,581-$13,581
Fees for Services Other$11,500--$11,500
Advertising$5,563--$5,563
Insurance$1,945--$1,945
Other Expenses$1,613--$1,613
Fees for Services Legal$1,553--$1,553
Depreciation Depletion$1,487--$1,487
Office Expenses$1,381--$1,381
Travel$581--$581
Total Functional Expenses$272,392$13,581$0$285,973
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jenessa MeyersRelated OrgRental IncomeNo$85,000
-Board RelativeResearch & DevelopNo$22,600
-Board RelativeResearch & DevelopNo$15,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$885,470-
Receivables from Disqualified Persons$212,021$108,663▼ $103,358
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Restricted Funds$165,334
Sales Tax Payable$1,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Jane willhite jenessa meyers director director mother & daughter

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board prior to filing.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Psi World Inc
EIN
23-7396641
Phone
7072029134
Address
PO BOX 990, CLEARLAKE OAKS, CA 95423

Signing Officer

Name
Jane C Willhite
Title
Chairwoman
Phone
7072029134
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernestine Fischer
Formed
1973
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
100

Preparer

Firm
Horn Fulton Inc
Address
2600 E BIDWELL ST STE 270, FOLSOM, CA 95630
Preparer
Erin P Fulton CPA
Phone
9169847745
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0328361
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0271783
IRS990ScheduleA/Total509Grp/TotalAmt01705644
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0187893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0443628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0553781
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0371873
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0313101
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01870276
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0628753
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02925612
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03554365
IRS990ScheduleD/EquipmentGrp/BookValueAmt01647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0274486
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0276133
IRS990ScheduleD/LandGrp/BookValueAmt0385605
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0385605
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0307025
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01203660
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01510685
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023332
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09568
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0165334
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESTRICTED FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01346362
IRS990ScheduleD/TotalLiabilityAmt0166522
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0104726
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MISC. OTHER GRANTS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0INFORMATION AVAILABLE UPON REQUEST AT THE ORGANIZATION HEADQUARTERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PSI SEMINARS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1SUCCESS IS BY DESIGN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENESSA MEYERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD RELATIVE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2BOARD RELATIVE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt085000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt122600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt215000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENTAL INCOME
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1RESEARCH & DEVELOP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2RESEARCH & DEVELOP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0885470
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt169892
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt238771
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0PSI SEMINARS - 2016
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1PSI SEMINARS - 2015
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REFINANCE BUILDING LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REPAY EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2REPAY EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0885470
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1155464
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2159252
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JENESSA MEYERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD RELATIVE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PSI WORLD, INC RENTS PROPERTY TO A RELATED ORGANIZATION - PSI SEMINARS, LLC. THE RENT INCOME IS PROPERLY REPORTED ON FORM 990-T.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0994133
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANE WILLHITE JENESSA MEYERS DIRECTOR DIRECTOR MOTHER & DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0943288864
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0EDUCATIONA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PSI SEMINARS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0PO BOX 990
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0CLEARLAKE OAKS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd095423
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt085000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1108663
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1BALANCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PSI SEMINARS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PSI SEMINARS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1D
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

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