Boston Graduate School of Psychoanalysis Inc
Nonprofit profile at a glance
- EIN
- 237410494
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Brookline, MA, USA
- Phone
- 6172770021
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Graduate, Professional Schools (Separate Entities)
Reported finances
- Revenue
- $2,366,165
- Expenses
- $2,557,452
- Assets
- $4,682,087
- Liabilities
- $980,549
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- CAROL PANETTA (PRESIDENT)
Highest reported compensation
- CAROL PANETTA (PRESIDENT): $121,554 total reported compensation
- JANE C SNYDER (PROVOST): $58,175 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bgsp is committed to addressing the most difficult mental health challenges. Uniquely, the school trains its graduate students to use deeply effective therapeutic techniques, enabling them to work with a wide range of mental health issues in the community and in their private practices. The therapy center, an integral part of bgsp, offers therapy to people of all ages, including couples and families, in an inclusive clinical setting.
What it reported doing in 2024
Bgsp offered graduate education to 97 master's students and 85 doctoral students in mental health counseling, psychoanalysis, and related fields. Of these students, 79 participated in community programs offering counseling and psychotherapy in a range of community-based settings, including bgsp's therapy center. The therapy center provided income-sensitive psychotherapy to close to 200 patients this fiscal year, including patients using telehealth.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.5%; rating input score 81
- Program expense ratio: 76.6%; rating input score 77
- Fundraising efficiency: $2.15 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 23rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.1%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.83; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 7%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 81.5% of revenue deployed · 76.6% of spending went to programs
- Governance: 12 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $122K · 14 people listed
- Highest-paid contractors: 2 contractors listed · $227K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 5/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.