Civic Intelligence

Open Path Psychotherapy Collective Inc.

990 • Fiscal year 2017 • EIN 47-1657042

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 09, 2018

22 South Pack SquareAsheville, NC 28801

(800) 268-2833

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE E • $500k-$1M nonprofits • Source year 2017

Net Margin

82nd percentile

25%

Higher net margin than 82% of similar nonprofits.

2017 filings • NTEE E • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

85th percentile

$112,059

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 21.1% of source-year revenue.

2017 filings • NTEE E • $500k-$1M nonprofits • Source year 2017

Asset Growth

94th percentile

104%

Faster asset growth than 94% of similar nonprofits.

2017 filings • NTEE E • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

90%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • NTEE E • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$259,867

Up $132,643 (+104%) from 2016

Net Assets

Up

$259,867

Up $132,643 (+104%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$531,267

Up $251,076 (+90%) from 2016

Expenses

Up

$398,145

Up $180,076 (+83%) from 2016

Net Income

Up

$133,122

Up $71,000 (+114%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $44,380Net Assets 2014: $44,3802014Assets 2015: $65,029Net Assets 2015: $65,0292015Assets 2016: $127,224Liabilities 2016: $0Net Assets 2016: $127,2242016Assets 2017: $259,867Liabilities 2017: $0Net Assets 2017: $259,8672017Assets 2018: $453,733Liabilities 2018: $0Net Assets 2018: $453,7332018Assets 2019: $771,487Liabilities 2019: $0Net Assets 2019: $771,4872019Assets 2020: $1,535,998Liabilities 2020: $65,092Net Assets 2020: $1,470,9062020Assets 2021: $2,170,523Liabilities 2021: $65,092Net Assets 2021: $2,105,4312021Assets 2022: $2,332,105Liabilities 2022: $6,396Net Assets 2022: $2,325,7092022Assets 2023: $2,542,624Liabilities 2023: $0Net Assets 2023: $2,542,6242023Assets 2024: $2,696,197Liabilities 2024: $0Net Assets 2024: $2,696,1972024

Highlighted filing

2017

Assets$259,867
Liabilities$0
Net Assets$259,867

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2014: $75,336Expenses 2014: $30,956Net Income 2014: $44,3802014Revenue 2015: $160,364Expenses 2015: $139,715Net Income 2015: $20,6492015Revenue 2016: $280,191Expenses 2016: $218,069Net Income 2016: $62,1222016Revenue 2017: $531,267Expenses 2017: $398,145Net Income 2017: $133,1222017Revenue 2018: $645,137Expenses 2018: $451,271Net Income 2018: $193,8662018Revenue 2019: $879,721Expenses 2019: $567,876Net Income 2019: $311,8452019Revenue 2020: $1,558,293Expenses 2020: $863,950Net Income 2020: $694,3432020Revenue 2021: $1,966,960Expenses 2021: $1,325,674Net Income 2021: $641,2862021Revenue 2022: $1,873,215Expenses 2022: $1,604,297Net Income 2022: $268,9182022Revenue 2023: $1,919,246Expenses 2023: $1,716,299Net Income 2023: $202,9472023Revenue 2024: $1,757,166Expenses 2024: $1,607,872Net Income 2024: $149,2942024

Highlighted filing

2017

Revenue$531,267
Expenses$398,145
Net Income$133,122
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 9, 2018
Return Version
2017v2.2
Gross Receipts
$531,267
Mission and Program Overview

Mission

Affordable psychotherapy. See Note

In partnership with licensed mental health clinicians in private practice throughout the fifty states, open path psychotherapy collective provides middle and lower-income level individuals, couples, families, and (continued on page 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$92,852$234,989▲ $142,137
Land, Buildings, and Equipment, Net$30,812$18,994▼ $11,818
Savings and Temporary Cash Investments$2,881$5,825▲ $2,944
Receivables From Officers Etc$670--
Accounts Receivable$9$59▲ $50
Total Assets$127,224$259,867▲ $132,643
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$127,224$259,867▲ $132,643
Total Net Assets Fund Balance$127,224$259,867▲ $132,643
Total Liabilities and Net Assets / Fund Balance$127,224$259,867▲ $132,643

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,994$49,793$68,787
Equipment-$3,685$3,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul FugelsangExecutive DirectorFT$98,599$13,460$112,059

Board Members and Trustees

NameTitle
Yael Goldman BaldwinPresident
Eric ZickermanV. President & Treasurer
Aditi SethiBoard Member
Brent BeamBoard Member
Sonal TaylorBoard Member
Katherine FisherSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,710
Program Service Revenue
$527,557
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,710
Change in Net Assets
$133,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$256,897
Other Expenses$141,248
Total Fundraising Expense$28,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,370$61,256$4,539$116,165
Current Officers, Directors, Trustees, and Key Employees$67,236$28,015$16,809$112,060
Advertising$26,293$4,930$1,644$32,867
Office Expenses$22,652$4,592$1,470$28,714
Information Technology$20,188$3,785$1,261$25,234
Depreciation Depletion$17,488$4,372$0$21,860
Payroll Taxes$9,193$7,211$1,622$18,026
Other Employee Benefits$10,646$0$0$10,646
Fees for Services Accounting$0$5,433$0$5,433
Insurance$4,059$761$254$5,074
Travel$4,482$498$0$4,980
Occupancy$2,616$491$164$3,271
Fees for Services Legal$2,603$488$163$3,254
Other Expenses$0$0$750$750
Fees for Services Other$554$104$35$693
Total Functional Expenses$247,434$121,984$28,727$398,145
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$670--
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Open Path Psychotherapy Collective
EIN
47-1657042
Phone
8002682833
Address
22 South Pack Square, Asheville, NC 28801

Signing Officer

Name
Paul Fugelsang
Title
Executive Director
Phone
8002682833
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Fugelsang
Formed
2014
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
8
Volunteers
0

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801-1434
Preparer
Stephen C Corliss
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is prepared by independent accountants, reviewed by management,presented to the board for review, proposed revisions and final approval.

Pt VI, Line 12C

Enforced as necessary. Any board member with a conflict of interest onany specific issue informs the board and abstains from voting on the issue.

Pt VI, Line 15A

In the annual budgeting process, the board approves a budget line foraggregate salary expense. Thereafter, individual salaries and salaryincreases for employees are determined by the executive director. The board of directors sets the executive director's salary after a performance review and a check of comparable salary information for similar organizations with similar budgets.

Pt VI, Line 18

Forms 1023 and 990 are available upon request.

Pt VI, Line 19

Governing documents and reviewed financial statements are available upon request.

Pt III, Line 2

In 2017, Open Path launched a new related program service area "Being Seen," an initiative designed to help individuals of all income levels find it easier to locate and access mental health services by reducing the stigma and other social barriers associated with such treatment.

Pt III, Line 2

Being Seen is an online directory of therapists that requires only a one-time membership fee of $100 for an Open Path Member or $150 for a New Registrant.

Pt III, Line 2

Open Path's original Form 1023 stated the following: "It has been demonstrated in several peer reviewed studies that disclosure barriers, social stigma, and affordability are the most commonly reported deterrents to receiving mental health care." Open Path's primary progam service area addresses affordability while Being Seen addresses disclosure barriers and social stigma.

Form 990EZ, Part I, Line 16

Office Expenses

Form 990EZ, Part I, Line 16

Advertising

Form 990EZ, Part I, Line 16

Books & Educational Materials

Form 990EZ, Part I, Line 16

Dues & Subscription Fees

Form 990EZ, Part I, Line 16

Information Technology

Form 990EZ, Part I, Line 16

Merchant Processing Fees

Form 990EZ, Part I, Line 16

Fund Management Fees - FEMHC

Form 990EZ, Part I, Line 16

Insurance Fees

Form 990EZ, Part I, Line 16

Miscellaneous

Form 990EZ, Part I, Line 16

Travel

Form 990EZ, Part II, Line 24

Fixed Assets, Net

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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/ActivityOrMissionDesc0IN PARTNERSHIP WITH LICENSED MENTAL HEALTH CLINICIANS IN PRIVATE PRACTICE THROUGHOUT THE FIFTY STATES, OPEN PATH PSYCHOTHERAPY COLLECTIVE PROVIDES MIDDLE AND LOWER-INCOME LEVEL INDIVIDUALS, COUPLES, FAMILIES, AND (CONTINUED ON PAGE 2)
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IRS990/ProgSrvcAccomActy2Grp/Desc0THROUGHOUT 2017, OPEN PATH CONTINUED TO DEVELOP ITS MENTAL HEALTH EDUCATION INITIATIVE. ALL OF OPEN PATH'S SOCIAL EMOTIONAL LEARNING COURSES CAN BE ACCESSED FOR A ONE-TIME FEE OF $4.99. BY THE END OF 2017, OPEN PATH HAD CONNECTED A GRAND TOTAL OF 21,000 STUDENTS TO AFFORDABLE MENTAL HEALTH EDUCATION. DURING 2017, 540 THERAPISTS JOINED BEING SEEN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY MANAGEMENT,PRESENTED TO THE BOARD FOR REVIEW, PROPOSED REVISIONS AND FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCED AS NECESSARY. ANY BOARD MEMBER WITH A CONFLICT OF INTEREST ONANY SPECIFIC ISSUE INFORMS THE BOARD AND ABSTAINS FROM VOTING ON THE ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN THE ANNUAL BUDGETING PROCESS, THE BOARD APPROVES A BUDGET LINE FORAGGREGATE SALARY EXPENSE. THEREAFTER, INDIVIDUAL SALARIES AND SALARYINCREASES FOR EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS SETS THE EXECUTIVE DIRECTOR'S SALARY AFTER A PERFORMANCE REVIEW AND A CHECK OF COMPARABLE SALARY INFORMATION FOR SIMILAR ORGANIZATIONS WITH SIMILAR BUDGETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Forms 1023 and 990 are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents and reviewed financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5In 2017, Open Path launched a new related program service area "Being Seen," an initiative designed to help individuals of all income levels find it easier to locate and access mental health services by reducing the stigma and other social barriers associated with such treatment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Being Seen is an online directory of therapists that requires only a one-time membership fee of $100 for an Open Path Member or $150 for a New Registrant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Open Path's original Form 1023 stated the following: "It has been demonstrated in several peer reviewed studies that disclosure barriers, social stigma, and affordability are the most commonly reported deterrents to receiving mental health care." Open Path's primary progam service area addresses affordability while Being Seen addresses disclosure barriers and social stigma.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Office Expenses
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Advertising
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Books & Educational Materials
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Dues & Subscription Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Information Technology
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Merchant Processing Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Fund Management Fees - FEMHC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Insurance Fees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Miscellaneous
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Travel
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Fixed Assets, Net
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part II, Line 24
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IRS990/USAddress/AddressLine1Txt022 South Pack Square Ste 1000
IRS990/USAddress/CityNm0Asheville
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL FUGELSANG

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