Civic Intelligence

Sage Institute for Psychedelic Therapy

990 • Fiscal year 2022 • EIN 84-2480193

Sep 01, 2021 to Aug 31, 2022 • Filed on Dec 15, 2022

Organization ProfileN/A
444 34th StreetOakland, CA 94609

(510) 939-1259

Siviq Scores

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

Liabilities / Assets

68th percentile

0.10x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.04x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$54,788

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

4th percentile

-43%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

23rd percentile

-15%

Faster revenue growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$268,267

Down $204,073 (-43%) from 2021

Net Assets

Down

$240,811

Down $140,169 (-37%) from 2021

Liabilities

Down

$27,456

Down $63,904 (-70%) from 2021

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin16th percentile

Revenue

Down

$704,887

Down $121,750 (-15%) from 2021

Expenses

Up

$845,056

Up $351,450 (+71%) from 2021

Net Income

Down

-$140,169

Down $473,200 (-142%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$600K$400K$200K$0Assets 2020: $48,404Liabilities 2020: $455Net Assets 2020: $47,9492020Assets 2021: $472,340Liabilities 2021: $91,360Net Assets 2021: $380,9802021Assets 2022: $268,267Liabilities 2022: $27,456Net Assets 2022: $240,8112022Assets 2023: $272,819Liabilities 2023: $137,759Net Assets 2023: $135,0602023Assets 2024: $140,848Liabilities 2024: $34,485Net Assets 2024: $106,3632024

Highlighted filing

2022

Assets$268,267
Liabilities$27,456
Net Assets$240,811
Open 2022 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.0M$500K$0-$500KRevenue 2020: $142,662Expenses 2020: $108,469Net Income 2020: $34,1932020Revenue 2021: $826,637Expenses 2021: $493,606Net Income 2021: $333,0312021Revenue 2022: $704,887Expenses 2022: $845,056Net Income 2022: -$140,1692022Revenue 2023: $667,909Expenses 2023: $823,660Net Income 2023: -$155,7512023Revenue 2024: $761,012Expenses 2024: $789,709Net Income 2024: -$28,6972024

Highlighted filing

2022

Revenue$704,887
Expenses$845,056
Net Income-$140,169
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Dec 15, 2022
Return Version
2021v4.1
Gross Receipts
$704,887
Mission and Program Overview

Mission

Sage Institute provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.

Alchemy Community Therapy Center provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$464,788$260,572▼ $204,216
Prepaid Expenses and Deferred Charges$4,952$4,262▼ $690
Accounts Receivable-$833-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$472,340$268,267▼ $204,073
Other Assets Total$2,600$2,600→ $0
Liabilities
Accounts Payable and Accrued Expenses$91,360$27,456▼ $63,904
Total Liabilities$91,360$27,456▼ $63,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$380,980$240,811▼ $140,169
Total Net Assets Fund Balance$380,980$240,811▼ $140,169
Total Liabilities and Net Assets / Fund Balance$472,340$268,267▼ $204,073
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dr Genesee HerzbergExecutive DirectorPT$54,788$54,788
Irina AlexanderDirectorPT$37,251$37,251

Board Members and Trustees

NameTitle
Kat ConourChairman
Dr Sylver QuevedoDirector
Greg KearnsDirector
Ismael AliDirector
Jesse HudsonDirector
Deidra SomervilleExecutive Director
Charlie BathgateSecretary
Mark GrantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$402,325
Program Service Revenue
$302,562
Investment Income
$0
Other Revenue
$0
All Other Contributions
$402,325
Change in Net Assets
$-140,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$704,887
Total Revenue per Audited Statements
$704,887
Total Revenue per Form 990
$704,887
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$597,257
Other Expenses$239,999
Total Fundraising Expense$33,992
Grants and Similar Amounts Paid$7,800
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$347,611$92,000-$439,611
Fees for Services Other$111,111$7,226-$118,337
Current Officers, Directors, Trustees, and Key Employees$13,080$47,959$26,159$87,198
Occupancy$37,794$14,665$2,741$55,200
Payroll Taxes$34,042$13,209$2,469$49,720
Other Employee Benefits$14,192$5,507$1,029$20,728
Insurance$10,310$4,000$748$15,058
Fees for Services Legal-$12,255-$12,255
Fees for Services Accounting-$8,744-$8,744
Grants to Domestic Individuals$7,800--$7,800
Information Technology$6,330$81$15$6,426
Office Expenses$1,098$1,911-$3,009
Advertising$2,454--$2,454
Other Expenses$1,785$1,485$278$1,785
Total Functional Expenses$599,062$212,002$33,992$845,056

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$845,056
Total Expenses per Audited Statements$845,056
Total Expenses per Form 990$845,056
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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, Line 11B: Form 990 Review Process

“The Executive Director and the memebers of the Executive Committee of the Board of Directors will review the 990 before it is submitted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All board members sign the conflict of interest policy, and there is regular review of possible conflict of interest issues. There are two attorneys on the board to assist with policy compliance.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Sage Institute provides copies of its 990 and governing documents upon request.”

Filing and Contact Details

Filer

Filer Name
Alchemy Community Therapy Center
EIN
84-2480193
Phone
5109391259
Address
444 34th Street, Oakland, CA 94609

Signing Officer

Name
Deidra Somerville
Title
Executive Director
Signed
2022-12-15
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
7
Employees
32
Volunteers
7

Preparer

Firm
Helen Nelson CPA
Address
14612 MAPLE RIDGE, HANCOCK, MD 21750
Preparer
Helen Nelson
Phone
3015000556
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Accounting principles generally accepted in the United States of America require the Organization to evaluate uncertain tax positions taken. The financial statement effect of a tax position is recognized when the tax position is more likely than not, based on technical merits, to be sustained upon examination by the IRS. Alchemy Community Therapy Center has analyzed the tax position for the year ended August 31, 2022, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of August 31, 2022, there were no such accruals for interest and/or penalties.”

Raw XML AppendixShowing 400 of 464 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt091360
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt027456
IRS990/AccountsReceivableGrp/EOYAmt0833
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Alchemy Community Therapy Center provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.
IRS990/AdvertisingGrp/ProgramServicesAmt02454
IRS990/AdvertisingGrp/TotalAmt02454
IRS990/AllOtherContributionsAmt0402325
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Deidra Somerville
IRS990/BooksInCareOfDetail/PhoneNum05109391259
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0444 34th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Oakland
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094609
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0464788
IRS990/CashNonInterestBearingGrp/EOYAmt0260572
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt026159
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt047959
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt013080
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt087198
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0402325
IRS990/CYGrantsAndSimilarPaidAmt07800
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0239999
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0302562
IRS990/CYRevenuesLessExpensesAmt0-140169
IRS990/CYSalariesCompEmpBnftPaidAmt0597257
IRS990/CYTotalExpensesAmt0845056
IRS990/CYTotalFundraisingExpenseAmt033992
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0704887
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Alchemy Community Therapy Center provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt032
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0599062
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08744
IRS990/FeesForServicesAccountingGrp/TotalAmt08744
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt012255
IRS990/FeesForServicesLegalGrp/TotalAmt012255
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt07226
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0111111
IRS990/FeesForServicesOtherGrp/TotalAmt0118337
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Genesee Herzberg
IRS990/Form990PartVIISectionAGrp/PersonNm1Irina Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm2Kat Conour
IRS990/Form990PartVIISectionAGrp/PersonNm3Charlie Bathgate
IRS990/Form990PartVIISectionAGrp/PersonNm4Mark Grant
IRS990/Form990PartVIISectionAGrp/PersonNm5Greg Kearns
IRS990/Form990PartVIISectionAGrp/PersonNm6Ismael Ali
IRS990/Form990PartVIISectionAGrp/PersonNm7Jesse Hudson
IRS990/Form990PartVIISectionAGrp/PersonNm8Dr Sylver Quevedo
IRS990/Form990PartVIISectionAGrp/PersonNm9Deidra Somerville
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt054788
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt137251
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Dir.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt07800
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07800
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07800
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0704887
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt015
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt081
IRS990/InformationTechnologyGrp/ProgramServicesAmt06330
IRS990/InformationTechnologyGrp/TotalAmt06426
IRS990/InsuranceGrp/FundraisingAmt0748
IRS990/InsuranceGrp/ManagementAndGeneralAmt04000
IRS990/InsuranceGrp/ProgramServicesAmt010310
IRS990/InsuranceGrp/TotalAmt015058
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Alchemy Community Therapy Center provides high-quality training, accesible psychedelic therapy, and innovative research, fostering effective and culturally-responsible mental health treatment for underserved communities.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0380980
IRS990/NetAssetsOrFundBalancesEOYAmt0240811
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0380980
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0240811
IRS990/NoncashContributionsAmt084
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02741
IRS990/OccupancyGrp/ManagementAndGeneralAmt014665
IRS990/OccupancyGrp/ProgramServicesAmt037794
IRS990/OccupancyGrp/TotalAmt055200
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01911
IRS990/OfficeExpensesGrp/ProgramServicesAmt01098
IRS990/OfficeExpensesGrp/TotalAmt03009
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02600
IRS990/OtherAssetsTotalGrp/EOYAmt02600
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01029
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05507
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014192
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020728
IRS990/OtherExpensesGrp/Desc0bank fees
IRS990/OtherExpensesGrp/Desc1telephone
IRS990/OtherExpensesGrp/Desc2supplies
IRS990/OtherExpensesGrp/FundraisingAmt0553
IRS990/OtherExpensesGrp/FundraisingAmt1278
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11485
IRS990/OtherExpensesGrp/ProgramServicesAmt07628
IRS990/OtherExpensesGrp/ProgramServicesAmt13827
IRS990/OtherExpensesGrp/ProgramServicesAmt21785
IRS990/OtherExpensesGrp/TotalAmt011141
IRS990/OtherExpensesGrp/TotalAmt15590
IRS990/OtherExpensesGrp/TotalAmt21785
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0347611
IRS990/OtherSalariesAndWagesGrp/TotalAmt0439611
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02469
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013209
IRS990/PayrollTaxesGrp/ProgramServicesAmt034042
IRS990/PayrollTaxesGrp/TotalAmt049720
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04952
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04262
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621300
IRS990/ProgramServiceRevenueGrp/Desc0client fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0302562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0302562
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0497351
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt063260
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0146844
IRS990/PYProgramServiceRevenueAmt0329286
IRS990/PYRevenuesLessExpensesAmt0333031
IRS990/PYSalariesCompEmpBnftPaidAmt0283502
IRS990/PYTotalExpensesAmt0493606
IRS990/PYTotalRevenueAmt0826637
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-140169
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0302562
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0402325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0497351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt057802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0957478
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07353
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07353
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0335963
IRS990ScheduleA/SubstantialContributorsTotAmt0621515
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0402325
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0497351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt057802
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0957478
IRS990ScheduleA/TotalSupportAmt0964831
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0845056
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0704887
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require the Organization to evaluate uncertain tax positions taken. The financial statement effect of a tax position is recognized when the tax position is more likely than not, based on technical merits, to be sustained upon examination by the IRS. Alchemy Community Therapy Center has analyzed the tax position for the year ended August 31, 2022, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. The Organization is subject to routine audits by taxing authorities however there are currently no audits or any tax periods in progress. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions. As of August 31, 2022, there were no such accruals for interest and/or penalties.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0845056
IRS990ScheduleD/TotalRevenuePerForm990Amt0704887
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0704887
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0845056
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Organization follows up with recipients and monitors use of grant funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director and the memebers of the Executive Committee of the Board of Directors will review the 990 before it is submitted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members sign the conflict of interest policy, and there is regular review of possible conflict of interest issues. There are two attorneys on the board to assist with policy compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews salaries, and compares to market rates for similar positions. Most employees are paid below market rates due to budgetary constraints.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Sage Institute provides copies of its 990 and governing documents upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0472340
IRS990/TotalAssetsEOYAmt0268267
IRS990/TotalAssetsGrp/BOYAmt0472340
IRS990/TotalAssetsGrp/EOYAmt0268267
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0402325
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt033992

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$268,267
Liabilities
$27,456
Net assets
$240,811
Revenue
$704,887
Expenses
$845,056
Net income
-$140,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.34$1.06$7.61$7.90$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.73$1.38$1.35$6.68$8.24$1.56
2022Detailed filing. Detailed filing data is available for this year.$2.68$0.27$2.41$7.05$8.45$1.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.91$3.81$8.27$4.94$3.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.00$0.48$1.43$1.08$0.34