Civic Intelligence

Psfc

990 • Fiscal year 2021 • EIN 82-4139859

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 17, 2022

3625 Gatewood CourtSanta Cruz, CA 95065

(617) 697-0277

Siviq Scores

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

Liabilities / Assets

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

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

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

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

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

47th percentile

$112,417

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

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

Asset Growth

60th percentile

14%

Faster asset growth than 60% of similar nonprofits.

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

Revenue Growth

54th percentile

15%

Faster revenue growth than 54% of similar nonprofits.

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

Assets

Flat

$8,888,871

Flat from 2021

Net Assets

Flat

$8,827,211

Flat from 2021

Liabilities

Flat

$61,660

Flat from 2021

Revenue

Flat

$6,472,995

Flat from 2021

Expenses

Flat

$2,088,678

Flat from 2021

Net Income

Flat

$4,384,317

Flat from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2018: $689,993Liabilities 2018: $2,076Net Assets 2018: $687,9172018Assets 2019: $4,777,372Liabilities 2019: $1,639,483Net Assets 2019: $3,137,8892019Assets 2020: $7,783,023Liabilities 2020: $3,334,749Net Assets 2020: $4,448,2742020Assets 2021: $8,888,871Liabilities 2021: $61,660Net Assets 2021: $8,827,2112021Assets 2021: $8,888,871Liabilities 2021: $61,660Net Assets 2021: $8,827,2112021Assets 2022: $7,546,245Liabilities 2022: $157,854Net Assets 2022: $7,388,3912022Assets 2023: $7,368,599Liabilities 2023: $84,808Net Assets 2023: $7,283,7912023Assets 2024: $5,495,189Liabilities 2024: $111,498Net Assets 2024: $5,383,6912024

Highlighted filing

2021

Assets$8,888,871
Liabilities$61,660
Net Assets$8,827,211

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2018: $1,356,667Expenses 2018: $668,750Net Income 2018: $687,9172018Revenue 2019: $6,673,005Expenses 2019: $4,556,366Net Income 2019: $2,116,6392019Revenue 2020: $5,631,967Expenses 2020: $4,321,582Net Income 2020: $1,310,3852020Revenue 2021: $6,472,995Expenses 2021: $2,088,678Net Income 2021: $4,384,3172021Revenue 2021: $6,472,995Expenses 2021: $2,088,678Net Income 2021: $4,384,3172021Revenue 2022: $4,091,433Expenses 2022: $5,530,253Net Income 2022: -$1,438,8202022Revenue 2023: $3,171,454Expenses 2023: $3,489,973Net Income 2023: -$318,5192023Revenue 2024: $3,836,963Expenses 2024: $5,737,156Net Income 2024: -$1,900,1932024

Highlighted filing

2021

Revenue$6,472,995
Expenses$2,088,678
Net Income$4,384,317
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 17, 2022
Return Version
2021v4.0
Gross Receipts
$6,472,995
Mission and Program Overview

Mission

PSFC supports research on and clinical trials of new mental health treatments and patient access to these treatments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,123,809--
Cash and Non-Interest-Bearing Accounts$741,214$5,681,111▲ $4,939,897
Pledges and Grants Receivable$918,000$3,014,369▲ $2,096,369
Investments in Publicly Traded Securities-$193,391-
Total Assets$7,783,023$8,888,871▲ $1,105,848
Liabilities
Grants Payable$3,288,765--
Accounts Payable and Accrued Expenses$45,984$61,660▲ $15,676
Other Liabilities$0$0→ $0
Total Liabilities$3,334,749$61,660▼ $3,273,089
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,849,000$5,232,218▲ $3,383,218
Net Assets Without Donor Restrictions$2,599,274$3,594,993▲ $995,719
Total Net Assets Fund Balance$4,448,274$8,827,211▲ $4,378,937
Total Liabilities and Net Assets / Fund Balance$7,783,023$8,888,871▲ $1,105,848
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben CollinsDirector of OperationsFT$106,410$6,007$112,417
Joseph GreenPresidentPT-$6,557$6,557

Board Members and Trustees

NameTitle
David BronnerDirector
Graham BoydSecretary/Treasurer and Executive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Thomas EckertExpert consulting3511 NE Couch Street, Portland, OR 97232$120,000
Executive TrajectoriesExpert consulting534 St Lawrence Ave, Reno, NV 89509$101,989
Revenue and Support

Revenue Composition

Contributions and Grants
$6,471,416
Program Service Revenue
$0
Investment Income
$1,579
Other Revenue
$0
All Other Contributions
$6,471,416
Change in Net Assets
$4,384,317

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,472,995
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$94,618
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$6,567,613
Total Revenue per Form 990
$6,472,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,247,548
Salaries, Compensation, and Employee Benefits$466,130
Grants and Similar Amounts Paid$375,000
Total Fundraising Expense$200,813
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$883,324$6,500$416$890,240
Grants to Domestic Orgs$375,000--$375,000
Other Salaries and Wages$191,461$12,220$87,456$291,137
Other Expenses$129,026$3,704$1,125$133,855
Fees for Services Management$72,784$13,540$34,922$121,246
Current Officers, Directors, Trustees, and Key Employees$65,108$22,483$31,383$118,974
Payroll Taxes$21,117$2,829$9,619$33,565
Office Expenses$14,935$9,465$7,351$31,751
Fees for Services Accounting$0$30,400$0$30,400
Travel$5,636$527$20,843$27,006
Other Employee Benefits$13,167$1,589$7,698$22,454
Fees for Services Legal$0$13,050$0$13,050
Total Functional Expenses$1,771,558$116,307$200,813$2,088,678

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,088,678
Expenses per Audited Statements$2,038,678
Total Expenses per Audited Statements$2,038,678
Expenses Not Reported on Financial Statements$50,000
Other Expense Adjustments$50,000
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Multidisciplinary Association for Psychedelic StudiesSanta Cruz, CA501c(3)Fund expert study on care delivery of MDMA-assisted therapy$375,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
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 2

Graham Boyd is a part-time employee of and David Bronner is the CEO of Dr. Bronner's Magic Soaps

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

The 990 is prepared by an outside accountant and reviewed by the Director of Operations. Prior to filing it is reviewed by the board of the directors.

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

Board members are required to report conflicts of interest annually, or as they come up, by signing a conflict of interest policy acknowledgment form.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public, upon request.

Filing and Contact Details

Filer

Filer Name
Psfc
EIN
82-4139859
Phone
6176970277
Address
3625 Gatewood Court, Santa Cruz, CA 95065

Signing Officer

Name
Graham Boyd
Title
Executive Director
Phone
6176970277
Signed
2022-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Graham Boyd
Formed
2018
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
2
Employees
4
Volunteers
0

Preparer

Firm
Shelby Malvoso CPA
Address
360 Grand Ave 408, Oakland, CA 94610
Preparer
Shelby Malvoso
Phone
5104736240
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Expert consultants $879,580, other contractors and consultants $10,660

Financial Statement Notes

Schedule D, Part X, Line 2

As a public charity, the Organization is exempt from income taxes except on activities unrelated to its mission. The Organization's federal Return of Organization Exempt from Income Tax (Form 990) filings for the tax years ending in 2019 through 2021 are subject to examination by the Internal Revenue Service, generally for three years after they were filed. The Organization's California Exempt Organization Annual Information Return (Form 199) filings for the tax years ending in 2018 through 2021 are subject to examination by the California Franchise Tax Board, generally for four years after they were filed.

Schedule D, Part XI, Line 2D

Grants received of $100,000 classified on the 2020 audit as pass thru grant liability were reclassified to restricted revenue in 2021. These grants had been reported on the 2020 990 as revenue and are therefore excluded from the 2021 990.

Schedule D, Part XII, Line 4B

Pass through grants excluded from expenses in accordance with GAAP.

Raw XML AppendixShowing 400 of 450 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/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06123809
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06571416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05628882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06673005
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01356667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020229970
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01579
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03085
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04664
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt013755994
IRS990ScheduleA/SubstantialContributorsTotAmt06473976
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06571416
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05628882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06673005
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01356667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020229970
IRS990ScheduleA/TotalSupportAmt020234634
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt050000
IRS990ScheduleD/ExpensesSubtotalAmt02038678
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5382
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt050000
IRS990ScheduleD/OtherRevenueAmt0100000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt094618
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06472995
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0As a public charity, the Organization is exempt from income taxes except on activities unrelated to its mission. The Organization's federal Return of Organization Exempt from Income Tax (Form 990) filings for the tax years ending in 2019 through 2021 are subject to examination by the Internal Revenue Service, generally for three years after they were filed. The Organization's California Exempt Organization Annual Information Return (Form 199) filings for the tax years ending in 2018 through 2021 are subject to examination by the California Franchise Tax Board, generally for four years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Grants received of $100,000 classified on the 2020 audit as pass thru grant liability were reclassified to restricted revenue in 2021. These grants had been reported on the 2020 990 as revenue and are therefore excluded from the 2021 990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Pass through grants excluded from expenses in accordance with GAAP.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D, Part XII, Line 4b
IRS990ScheduleD/TotalExpensesPerForm990Amt02088678
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt06472995
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06567613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02038678
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0375000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Fund expert study on care delivery of MDMA-assisted therapy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Multidisciplinary Association for Psychedelic Studies
IRS990ScheduleI/RecipientTable/RecipientEIN0592751953
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01115 Mission St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Santa Cruz
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095060
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PSFC monitors the use of grant funds through periodic grant reports, as well as through conversations and correspondence with leaders of grantee organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Graham Boyd is a part-time employee of and David Bronner is the CEO of Dr. Bronner's Magic Soaps
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is prepared by an outside accountant and reviewed by the Director of Operations. Prior to filing it is reviewed by the board of the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are required to report conflicts of interest annually, or as they come up, by signing a conflict of interest policy acknowledgment form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public, upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Expert consultants $879,580, other contractors and consultants $10,660
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07783023
IRS990/TotalAssetsEOYAmt08888871
IRS990/TotalAssetsGrp/BOYAmt07783023
IRS990/TotalAssetsGrp/EOYAmt08888871
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06471416
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0200813
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116307
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01771558
IRS990/TotalFunctionalExpensesGrp/TotalAmt02088678
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03334749
IRS990/TotalLiabilitiesEOYAmt061660
IRS990/TotalLiabilitiesGrp/BOYAmt03334749
IRS990/TotalLiabilitiesGrp/EOYAmt061660
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04448274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08827211
IRS990/TotalOtherCompensationAmt012564
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt01771558
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0106410
IRS990/TotalRevenueGrp/ExclusionAmt01579
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06472995
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07783023
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08888871

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