Minnesota Psychoanalytic Society and Institute
Nonprofit profile at a glance
- EIN
- 411898207
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6122004141
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $141,591
- Expenses
- $162,509
- Assets
- $354,078
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- HAL STEIGER (PRESIDENT)
People named in this filing
- HEIDI HOLSTE (EXECUTIVE DI)
- MICHELLE MEEHAN (SECRETARY OF)
- HAL STEIGER (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Corporation is organized exclusively for charitable, religious, educational, or scientific purposes as specified in section 501(c)(3) of the internal revenue code, or the corresponding section of a future federal tax code. This corporation shall not be operated for profit, but rather shall be operated exclusively for charitable purposes. The specific purpose of organization is educational: to provide psychoanalytically informed educational and charitable resources to the community. This includes but is not limited to: 1.) providing psychoanalytically oriented training programs and educational resources to clinicians so they may expand and deepen their professional skills; 2.) instructing and training the public through forums, panels, discussion groups, and other similar activities for the purpose of training future psychoanalysts and psychoanalytic psychotherapists, and improving and developing community members capabilities; 3.) operating an academic- community partnership education
What it reported doing in 2024
Mpsi operates a low-fee clinic providing psychotherapy services to individuals who may not otherwise be able to afford treatment. Services are delivered by interns/fellows under supervision, offering both critical public service and training opportunities for emerging clinicians. Clinical activity levels, including session counts and client numbers, are tracked in our financial records.
Operating model
- Revenue model
- Earned-program. 77% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.7%; rating input score 93
- Program expense ratio: 80.6%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -14.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 2.18; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 22.1%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 1.8% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 92.7% of revenue deployed · 80.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $131K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 15/100.