Riverpsykhe Inc

Nonprofit profile at a glance

EIN
841828638
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Santa Rosa, CA, USA
Phone
2536770098
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$278,554
Expenses
$168,130
Assets
$4,364,609
Liabilities
$2,119

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Miriam Volat (Vice President)

Highest reported compensation

  • Miriam Volat (Vice President): $286,610 total reported compensation
  • Kevin Bayuk (Treasurer): $63,000 total reported compensation
  • Thomas Cody Swift (Director/Pres.): $20,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Organization's mission is to promote social welfare by seeking to effect the liberation of consciousness in healthful and fluid relationship to self, other, and the natural world.

What it reported doing in 2024

Psychedelics research: during the year, riverpsykhe successfully continued to help guide the conversation in the emerging psychedelic movement in deference to native american health and sovereignty. In addition, riverpsykhe continued to advance work to study the qualitative impacts of psychedelic use by religious professionals.we continue to engage in capacity building and support of the indigenous medicine conservation fund, a 501c3 for the benefit of five distinct indigenous biocultures around the world.riverpsykhe directors sat on the boards of maps, the heffter research institute, the indigenous medicine conservation fund, b. More, and riverstyx foundation. Riverpsykhe directors sat on the advisory board of the nyu center for psychedelic medicine.indigenous medicine support: in support of native medicine conservation, riverpsykhe staff provided continued capacity building with the indigenous peyote conservation initiative and the indigenous medicine conservation fund.additionally, staff networked our indigenous partners with a variety of media outlets and reporters including national and international conferences. Impact investment portfolio: we maintained an impact investment portfolio towards catalytic change in the death care industry, indigenous food sovereignty, regenerative agriculture, nutrient cycling, and innovative/ethical psychedelic businesses. Grants: in 2024 we made $20,000 in 501c3 charitable grants and awards. In 2024 we donated $85,000 to various 501c4 organizations for advocacy work in support of safe regulated access to natural psychedelic medicines to provide safe, regulated access to promising natural psychedelic medicines for treatment-resistant ptsd, anxiety, and depression.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and revenue comfortably covers expenses. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 59
  • Accountability: 53
  • Sustainability: 77
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 98.8%; rating input score 99; 59th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 17th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.6%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 25.96; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 220.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -27.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87% of spending went to programs
  • Governance: 3 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $146K in reported program spending
  • Leadership: top reported pay $287K · 5 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 28 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Transparency & Controls: Schedule M noncash within contributions did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.