Civic Intelligence

Psi World Inc

990 • Fiscal year 2021 • EIN 23-7396641

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

1050 E Shipwatch DriveJacksonville, FL 32225

(916) 930-0777

Siviq Scores

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

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.02x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

98th percentile

279%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Assets

Up

$7,667,620

Up $5,643,405 (+279%) from 2020

Net Assets

Up

$7,532,100

Up $6,559,877 (+675%) from 2020

Liabilities

Down

$135,520

Down $916,472 (-87%) from 2020

Revenue

Up

$6,748,579

Up $6,847,110 (+6949%) from 2020

Expenses

Down

$220,821

Down $65,152 (-23%) from 2020

Net Income

Up

$6,527,758

Up $6,912,262 (+1798%) from 2020

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

2021

Assets$7,667,620
Liabilities$135,520
Net Assets$7,532,100

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

2021

Revenue$6,748,579
Expenses$220,821
Net Income$6,527,758
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$8,297,368
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
Other Notes and Loans Receivable, Net-$4,000,000-
Investments in Publicly Traded Securities$105,607$3,205,980▲ $3,100,373
Land, Buildings, and Equipment, Net$1,346,362--
Cash and Non-Interest-Bearing Accounts$341,154$444,108▲ $102,954
Inventories for Sale or Use$122,429--
Receivable From Disqualified Prsn$108,663$17,532▼ $91,131
Total Assets$2,024,215$7,667,620▲ $5,643,405
Liabilities
Mortgage Notes Payable Secured by Investment Property$885,470--
Other Liabilities$166,522--
Accounts Payable and Accrued Expenses-$135,520-
Total Liabilities$1,051,992$135,520▼ $916,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$806,889$7,400,392▲ $6,593,503
Net Assets With Donor Restrictions$165,334$131,708▼ $33,626
Total Net Assets Fund Balance$972,223$7,532,100▲ $6,559,877
Total Liabilities and Net Assets / Fund Balance$2,024,215$7,667,620▲ $5,643,405
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$67,063
Program Service Revenue
$0
Investment Income
$6,815,899
Other Revenue
$-134,383
All Other Contributions
$67,063
Change in Net Assets
$6,527,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,095
Grants and Similar Amounts Paid$30,726
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$33,395--$33,395
Grants to Domestic Individuals$30,726--$30,726
Office Expenses$25,000$505-$25,505
Fees for Services Accounting-$16,158-$16,158
Occupancy-$7,200-$7,200
Fees for Service Investment Mgmnt Fees-$5,431-$5,431
Advertising$2,704$1,750-$4,454
All Other Expenses$1,100$1,364-$2,464
Insurance$2,074--$2,074
Fees for Services Legal-$1,585-$1,585
Other Expenses$3,155$1,390-$1,390
Interest-$883-$883
Total Functional Expenses$108,932$111,889$0$220,821
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
Jane WillhiteChairwomanRepayment of LoanNo$885,470
Jane WillhiteChairwomanRental ExpenseNo$7,200
Psi SeminarsRelated OrgRental IncomeNo$5,536

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$108,663$17,532▼ $91,131
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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 janessa meyers chairwoman president mother & daughter

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

The 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
9169300777
Address
1050 E SHIPWATCH DRIVE, JACKSONVILLE, FL 32225

Signing Officer

Name
Janessa Willhite Meyers
Title
President
Phone
9169300777
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janessa Willhite Meyers
Formed
1973
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
100

Preparer

Firm
Rood & Associates Llp
Address
715 UNIVERSITY AVE, SACRAMENTO, CA 95825-6708
Preparer
Manuel T Dinis CPA
Phone
9169294450
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

CONSULTING 33,395 0 0

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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0352308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022399
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt043512
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0107546
IRS990ScheduleA/InvestmentIncomeCYPct00.03000
IRS990ScheduleA/InvestmentIncomePYPct00.08000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt049116
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt049116
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt011171
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt020548
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt033992
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt065711
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94970
IRS990ScheduleA/PublicSupportPY509Pct00.92160
IRS990ScheduleA/PublicSupportTotal509Amt02956917
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt089195
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0340746
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0842458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01027796
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0656722
IRS990ScheduleA/Total509Grp/TotalAmt02956917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0138311
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0342498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0864857
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01067679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0700234
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03113579
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030726
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0MISC. OTHER GRANTS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INFORMATION AVAILABLE UPON REQUEST AT THE ORGANIZATION HEADQUARTERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PSI SEMINARS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JANE WILLHITE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2JANE WILLHITE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1CHAIRWOMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2CHAIRWOMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05536
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1885470
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt27200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENTAL INCOME
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1REPAYMENT OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2RENTAL EXPENSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt017532
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0PSI SEMINARS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0REPAY EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0314716
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0PSI WORLD, INC RENTED 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/TotalBalanceDueAmt017532
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANE WILLHITE JANESSA MEYERS CHAIRWOMAN PRESIDENT MOTHER & DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING 33,395 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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/PrimaryActivitiesTxt0SEMINARS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PSI SEMINARS
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/InvolvedAmt05536
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt117532
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
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02024215
IRS990/TotalAssetsEOYAmt07667620
IRS990/TotalAssetsGrp/BOYAmt02024215
IRS990/TotalAssetsGrp/EOYAmt07667620
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt067063
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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