Washington Baltimore Center for Psychoanalysis Inc

Nonprofit profile at a glance

EIN
530213312
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2022371854
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health Association

Official website

Reported finances

Revenue
$1,474,893
Expenses
$1,051,960
Assets
$9,266,640
Liabilities
$191,420

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

Leadership & pay

13 people listed

Executive titles in this filing

  • YVONNE DE CUIR (PRESIDENT)
  • ANITA BRYCE (IMMEDIATE PAST PRESIDENT)
  • JOSEPH CHIRICO (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOSEPH CHIRICO (EXECUTIVE DIRECTOR): $144,608 total reported compensation

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

Overview

Mission

To educate and support psychoanalysts, psychotherapists and scholars, and to collaborate with members of the community in applying psychoanalytic knowledge to psychosocial problems.

What it reported doing in 2024

Continuing education: the Washington baltimore psychoanalytic institute offers three educational programs: the psychoanalytic studies program (psp): a two year program which introduces students to essential concepts in psychoanalysis. For students interested in becoming clinical psychoanalysts, psp will be credited as the first two years of the four and a half year psychoanalytic curriculum. Adult psychoanalytic training: comprehensive training in psychoanalytic theory and technique, building on the concepts learned in the psp program. Graduates of the program are qualified to practice clinical psychoanalysis with adults. Wbcp also offers a range of continuing education programs for mental health professionals, which focus on a psychoanalytic approach to treating and working with patients. Wbcp is fortunate to have a large group of highly qualified professionals which generously volunteer their time to teach and mentor in many of the programs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.1%; rating input score 52
  • Program expense ratio: 62.5%; rating input score 62
  • Fundraising efficiency: $2.55 raised per $1 spent on fundraising; rating input score 7; 7th 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.7%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 8.81; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 13.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 15.9% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 52.1% of revenue deployed · 62.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $657K in reported program spending
  • Leadership: top reported pay $145K · 13 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Officer compensation ratio scored 26/100.