Civic Intelligence

The Academy of Cognitive Therapy

990 • Fiscal year 2016 • EIN 47-2315866

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

245 N 15th Street No MS 403Philadelphia, PA 19102

(215) 537-1789

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.08x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Net Margin

89th percentile

22%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$112,030

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2016

Asset Growth

89th percentile

38%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.9%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$815,003

Up $226,133 (+38%) from 2015

Net Assets

Up

$736,113

Up $213,244 (+41%) from 2015

Liabilities

Up

$78,890

Up $12,889 (+20%) from 2015

Revenue

Up

$954,056

Up $35,703 (+3.9%) from 2015

Expenses

Up

$744,311

Up $288,457 (+63%) from 2015

Net Income

Down

$209,745

Down $252,754 (-55%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $82,010Liabilities 2014: $0Net Assets 2014: $82,0102014Assets 2015: $588,870Liabilities 2015: $66,001Net Assets 2015: $522,8692015Assets 2016: $815,003Liabilities 2016: $78,890Net Assets 2016: $736,1132016Assets 2017: $1,079,097Liabilities 2017: $98,019Net Assets 2017: $981,0782017Assets 2018: $1,263,583Liabilities 2018: $85,175Net Assets 2018: $1,178,4082018Assets 2019: $1,299,211Liabilities 2019: $94,526Net Assets 2019: $1,204,6852019Assets 2020: $1,255,922Liabilities 2020: $79,727Net Assets 2020: $1,176,1952020Assets 2021: $1,323,858Liabilities 2021: $16,867Net Assets 2021: $1,306,9912021Assets 2022: $1,116,172Liabilities 2022: $14,671Net Assets 2022: $1,101,5012022Assets 2023: $1,053,949Liabilities 2023: $17,406Net Assets 2023: $1,036,5432023Assets 2024: $1,185,479Liabilities 2024: $18,596Net Assets 2024: $1,166,8832024

Highlighted filing

2016

Assets$815,003
Liabilities$78,890
Net Assets$736,113

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $127,350Expenses 2014: $45,340Net Income 2014: $82,0102014Revenue 2015: $918,353Expenses 2015: $455,854Net Income 2015: $462,4992015Revenue 2016: $954,056Expenses 2016: $744,311Net Income 2016: $209,7452016Revenue 2017: $866,766Expenses 2017: $671,084Net Income 2017: $195,6822017Revenue 2018: $835,617Expenses 2018: $638,287Net Income 2018: $197,3302018Revenue 2019: $495,262Expenses 2019: $480,241Net Income 2019: $15,0212019Revenue 2020: $548,381Expenses 2020: $602,183Net Income 2020: -$53,8022020Revenue 2021: $779,248Expenses 2021: $754,771Net Income 2021: $24,4772021Revenue 2022: $757,089Expenses 2022: $889,443Net Income 2022: -$132,3542022Revenue 2023: $731,661Expenses 2023: $795,793Net Income 2023: -$64,1322023Revenue 2024: $835,925Expenses 2024: $897,773Net Income 2024: -$61,8482024

Highlighted filing

2016

Revenue$954,056
Expenses$744,311
Net Income$209,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$954,056
Mission and Program Overview

Mission

Promote the achievement of excellence in cognitive therapy through education, certification, professional development and networking among its members and all other actions necessary, proper, advisable, or convenient for the accomplishment of these purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$483,963$346,311▼ $137,652
Investments in Publicly Traded Securities-$335,470-
Accounts Receivable$104,907$133,222▲ $28,315
Total Assets$588,870$815,003▲ $226,133
Liabilities
Deferred Revenue$66,001$60,145▼ $5,856
Accounts Payable and Accrued Expenses-$18,745-
Total Liabilities$66,001$78,890▲ $12,889
Net Assets / Fund Balance
Unrestricted Net Assets$522,869$736,113▲ $213,244
Total Net Assets Fund Balance$522,869$736,113▲ $213,244
Total Liabilities and Net Assets / Fund Balance$588,870$815,003▲ $226,133
Compensation and Service Providers

Employees

NameTitleBaseTotal
Leslie Sokol PhdSecretary$112,030$112,030
R Trent Codd Ed DBoard Member-at-large$57,670$57,670
Allen Miller PhdTreasurer$5,625$5,625

Board Members and Trustees

NameTitle
Aaron T Beck MdHonorary President
John P Williams MdPresident
Lynn Mcfarr PhdPresident (elect)
Dennis Greenberger PhdPresident (former)
Brad Richard PhdBoard Member-at-large
Elaine S Elliott-moskwa PhdBoard Member-at-large
Lata K Mcginn PhdBoard Member-at-large
Liane Browne EsqBoard Member-at-large
Troy ThompsonExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Drexel University College Of Medicine DTraining Costs1970 N BROAD STREET, Lansdale, PA 19446$112,030
-Management Fees & Salaries2900 W QUEEN LANE, Philadelphia, PA 19129$100,586
Revenue and Support

Revenue Composition

Contributions and Grants
$805
Program Service Revenue
$952,471
Investment Income
$0
Other Revenue
$780
All Other Contributions
$805
Change in Net Assets
$209,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$954,056
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,031
Total Revenue per Audited Statements
$957,087
Total Revenue per Form 990
$954,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$109,686
Travel---$33,430
Information Technology---$7,208
Insurance---$4,217
Other Expenses---$3,189
Fees for Services Accounting---$3,112
Fees for Services Legal---$2,357
Office Expenses---$1,829
All Other Expenses---$1,790
Fees for Service Investment Mgmnt Fees---$1,029
Occupancy---$113
Total Functional Expenses$0$0$0$744,311

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$744,311
Total Expenses per Audited Statements$744,311
Total Expenses per Form 990$744,311
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 4

The organization's bylaws were updated to include the creation of nondiscrimination, credentialing committee, and ethics committee, as well as the modification of number of board of directors, and executive director.

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

The executive director and the board treasurer review the form 990. The form 990 is then electronically distributed to the board for their review prior to filing.

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

Py: it is recognized that occasions may arise when an affiliate or officer of act has a financial or professional interest in a contract or transaction upon which action is to be taken by or withheld by the board of directors or a committee thereof. It is the policy of act and of its board of directors that a) the material facts as to the relationship or financial interest or professional interest shall be disclosed by such an affiliate or officer to the board or committee entitled to vote on such contract or transaction, b) the affiliate or officer having such financial or professional interest on any matter shall not vote or use any personal influence in regard to the matter (except that the affiliate or officer may state a position on the matter and respond to questions about it); however, such affiliate or officer may be counted in determining the quorum for the meeting at which the matter is voted upon. The minutes of the meeting shall reflect that the disclosure was made and that such affiliate or officer abstained from voting, c) no contract or transaction in which an affiliate or officer has a financial or professional interest shall be knowingly entered into by act unless it has been disclosed and authorized in good faith by the board of directors pursuant to relevant law. The members of the board of directors sign a conflict of interest of annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request and through the use of guidestar.org.

Filing and Contact Details

Filer

Filer Name
Academy of Cognitive Therapy
EIN
47-2315866
Phone
2155371789
Address
245 N 15TH STREET NO MS 403, PHILADELPHIA, PA 19102

Signing Officer

Name
Troy Thompson
Title
Executive Director
Phone
2155371789
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy Thompson
Formed
2014
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Friedman Llp
Address
2000 MARKET STREET SUITE 500, PHILADELPHIA, PA 19103
Preparer
Denise Mcknight
Phone
2154969200
Raw XML AppendixShowing 400 of 413 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/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY MANAGED TRAINING AND CONSULTATION IN COGNITIVE THERAPY FOR 500 LOS ANGELES COUNTY DEPARTMENT OF MENTAL HEALTH CLINICIANS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ACADEMY EVALUATED 100 TEXAS DEPARTMENT STATE HEALTH SERVICES IN COGNITIVE THERAPY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BYLAWS WERE UPDATED TO INCLUDE THE CREATION OF NONDISCRIMINATION, CREDENTIALING COMMITTEE, AND ETHICS COMMITTEE, AS WELL AS THE MODIFICATION OF NUMBER OF BOARD OF DIRECTORS, AND EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND THE BOARD TREASURER REVIEW THE FORM 990. THE FORM 990 IS THEN ELECTRONICALLY DISTRIBUTED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PY: IT IS RECOGNIZED THAT OCCASIONS MAY ARISE WHEN AN AFFILIATE OR OFFICER OF ACT HAS A FINANCIAL OR PROFESSIONAL INTEREST IN A CONTRACT OR TRANSACTION UPON WHICH ACTION IS TO BE TAKEN BY OR WITHHELD BY THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF. IT IS THE POLICY OF ACT AND OF ITS BOARD OF DIRECTORS THAT A) THE MATERIAL FACTS AS TO THE RELATIONSHIP OR FINANCIAL INTEREST OR PROFESSIONAL INTEREST SHALL BE DISCLOSED BY SUCH AN AFFILIATE OR OFFICER TO THE BOARD OR COMMITTEE ENTITLED TO VOTE ON SUCH CONTRACT OR TRANSACTION, B) THE AFFILIATE OR OFFICER HAVING SUCH FINANCIAL OR PROFESSIONAL INTEREST ON ANY MATTER SHALL NOT VOTE OR USE ANY PERSONAL INFLUENCE IN REGARD TO THE MATTER (EXCEPT THAT THE AFFILIATE OR OFFICER MAY STATE A POSITION ON THE MATTER AND RESPOND TO QUESTIONS ABOUT IT); HOWEVER, SUCH AFFILIATE OR OFFICER MAY BE COUNTED IN DETERMINING THE QUORUM FOR THE MEETING AT WHICH THE MATTER IS VOTED UPON. THE MINUTES OF THE MEETING SHALL REFLECT THAT THE DISCLOSURE WAS MADE AND THAT SUCH AFFILIATE OR OFFICER ABSTAINED FROM VOTING, C) NO CONTRACT OR TRANSACTION IN WHICH AN AFFILIATE OR OFFICER HAS A FINANCIAL OR PROFESSIONAL INTEREST SHALL BE KNOWINGLY ENTERED INTO BY ACT UNLESS IT HAS BEEN DISCLOSED AND AUTHORIZED IN GOOD FAITH BY THE BOARD OF DIRECTORS PURSUANT TO RELEVANT LAW. THE MEMBERS OF THE BOARD OF DIRECTORS SIGN A CONFLICT OF INTEREST OF ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THROUGH THE USE OF GUIDESTAR.ORG.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SUPPORT AND PROFESSIONAL DEVELOPMENT TO COGNITIVE THERAPISTS.
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IRS990/VotingMembersGoverningBodyCnt010
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
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ReturnHeader/FilingSecurityInformation/IPTm010:50:02
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