Dallas Psychoanalytic Institute

“| Other Revenues:, Amount:| Recovery of misappropriation of funds lost over the last 5 years. In March 2019 the officers of the Organization discovered that there had been misappropriation of the Organization's funds for a period of more than five years. The misappropriated funds were used to purchase personal goods and services through the Organization's financial credit accounts and misappropriating cash from bank accounts. Upon discovery of this misappropriation the Organization immediately created a task force to address issues created by the misconduct. The task force spent hundreds of hours investigating records and accounts of the Organization over more than five years to determine the precise extent and nature of the misappropriation of funds. The task force retained a forensic accountant to review the findings from this investigation and an attorney experienced with non-profit corporations to advise the officers and board members regarding legal issues in connection with the misconduct. As a result of the investigation of records and accounts the task force discovered that a significant amount of money had been misappropriated from the Organization. The Organization obtained repayment of the misappropriated funds., $39824|”

“| Other Expenses:, Amount:| Office Supplies, $8530| Information Technology, $7932| Travel, $925| Conferences and meetings, $6561| Insurance, $4427| Other Direct Expenses, $7918|”

“| Explanation:, BOYAmount:, EOYAmount:| Accounts Receivable, $0, $17|”

“| Explanation:, BOYAmount:, EOYAmount:| Accounts Payable, $2649, $0|”