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Nonprofiteer
← GATHER WELL PSCHEDELICS INC

Form 990 for tax year 2023

Filed by GATHER WELL PSCHEDELICS INC.

Totals

Total revenue
$560,701
Total expenses
$773,308
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$560,701
Investment income
$0
Other revenue
$0
Total assets, end of year
$126,317
Total liabilities, end of year
-$5,953
Net assets or fund balances, end of year
$132,270
Program services expenses (Part IX)
$280,335
Management and general expenses
$458,418
Fundraising expenses
$34,555
Program service expenses (Part III)
$280,335

Program services were 36.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM

    total $560,730 · related or exempt $560,730

  • 2b · Program service revenue: APP FEE

    total -$29 · related or exempt -$29

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $316,147 · program services $189,688 · management and general $94,844 · fundraising $31,615

  • 10 · Payroll taxes

    total $29,398 · program services $17,639 · management and general $8,819 · fundraising $2,940

  • 11b · Fees: legal

    total $124,650 · management and general $124,650

  • 11c · Fees: accounting

    total $7,945 · management and general $7,945

  • 11g · Fees: other

    total $146,836 · program services $73,008 · management and general $73,828

  • 12 · Advertising and promotion

    total $299 · management and general $299

  • 13 · Office expenses

    total $63,500 · management and general $63,500

  • 14 · Information technology

    total $28,752 · management and general $28,752

  • 17 · Travel

    total $282 · management and general $282

  • 24a · Other expenses: PROPERTY TAX

    total $58,399 · management and general $58,399

  • 24b · Other expenses: STATE TAX

    total -$2,900 · management and general -$2,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $334,202 · end of year $126,317

  • 10c · Land, buildings and equipment, net

    beginning of year $41,199

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,524 · end of year -$5,953

  • 31 · Retained earnings, endowment or other funds

    beginning of year $344,877 · end of year $132,270

Mission and programs · 2023

Mission

To research the effectiveness of various kinds of therapeutic and educational approaches to Psychedelic assisted therapy. In order to provide the research components we will train practioners to provide treatment for research.

  • Recreating a program in which students with no psychotherapeutic credentials gain foundational therapeutic, ritual, and guiding skills necessary to provide a strong container for work with expanded states of consciousness. Also redesigning current Professional Program to include 200 hours program in which licensed mental, physical and spiritual health professionals learn the guiding skills necessary to provide a strong container for work with expanded states of consciousness. This program does not give direct education about working with psychedelics. Psychedelic Guide Training Program: a 250 hour highly experiential program for direct education and embodied experience on how to facilitate healing and growth through the use of psilocybin mushrooms with the CCM approach. Taught in intimate cohorts, by expert teachers. Holistic psychotherapists or those who have graduated from either our comprehensive or professional program are eligible for this program.

    Expenses $280,335

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Collotta

    EMPLOYEE

    Total calculated
    $103,154
    From this org
    $103,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Naama Grossbard

    EXECUTIVE DIRECTOR

    Total calculated
    $85,050
    From this org
    $85,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202422859349301967

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