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← PSFC

Form 990 for tax year 2024

Filed by PSFC.

Totals

Total revenue
$3,836,963
Total expenses
$5,737,156
Contributions and grants received
$3,426,402
Grants paid
$1,310,335
Program service revenue
$339,178
Investment income
$71,383
Other revenue
$0
Total assets, end of year
$5,495,189
Total liabilities, end of year
$111,498
Net assets or fund balances, end of year
$5,383,691
Program services expenses (Part IX)
$5,297,895
Management and general expenses
$322,147
Fundraising expenses
$117,114
Program service expenses (Part III)
$5,297,895

Program services were 92.3% 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.

  • 1f · All other contributions, gifts and grants

    $3,426,402

  • 2a · Program service revenue: Conference fees

    total $339,178 · related or exempt $339,178

  • 3 · Investment income

    total $71,383 · excluded $71,383

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,310,335 · program services $1,310,335

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $868,533 · program services $709,033 · management and general $92,906 · fundraising $66,594

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $427,626 · program services $362,356 · management and general $54,496 · fundraising $10,774

  • 8 · Pension plan contributions

    total $17,835 · program services $15,251 · management and general $2,301 · fundraising $283

  • 9 · Other employee benefits

    total $16,617 · program services $9,719 · management and general $4,462 · fundraising $2,436

  • 10 · Payroll taxes

    total $76,621 · program services $62,829 · management and general $9,195 · fundraising $4,597

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $12,003 · management and general $12,003

  • 11c · Fees: accounting

    total $68,608 · management and general $68,608

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $864,855 · program services $792,339 · management and general $48,344 · fundraising $24,172

  • 12 · Advertising and promotion

    total $1,101,246 · program services $1,101,246

  • 13 · Office expenses

    total $32,663 · program services $12,829 · management and general $17,661 · fundraising $2,173

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $82,733 · program services $67,841 · management and general $9,928 · fundraising $4,964

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $833,730 · program services $833,730

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $23,751 · program services $20,387 · management and general $2,243 · fundraising $1,121

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $988,918 · end of year $904,670

  • 2 · Savings and temporary cash investments

    beginning of year $3,727,709 · end of year $2,360,658

  • 3 · Pledges and grants receivable

    beginning of year $2,612,644 · end of year $2,199,736

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,328 · end of year $30,125

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,808 · end of year $96,163

  • 18 · Grants payable

    end of year $15,335

  • 27 · Net assets without donor restrictions

    beginning of year $2,109,136 · end of year $1,826,609

  • 28 · Net assets with donor restrictions

    beginning of year $5,174,655 · end of year $3,557,082

Mission and programs · 2024

Mission

PSFC supports research on and clinical trials of new mental health treatments and patient access to these treatments.

  • Provide funding to nonprofit and academic organizations working to research new mental health treatments, provide advisory support to scientists and organizations in the field, support patient access to care, and serve as an educational resource for philanthropists and grantmaking organizations through advising and convenings.

    Expenses $5,297,895 · Grants $1,310,335 · Revenue $339,178

As filed on the 2024 return.

Listed in Part VII

  • Daniel Grossman

    Head of Field Building

    Total calculated
    $433,800
    From this org
    $420,000
    From related orgs
    $0
    Other
    $13,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,800
    Nontaxable benefits
    not reported
    Filer's total
    $433,800

  • Ben Collins

    Deputy Director

    Total calculated
    $229,886
    From this org
    $213,646
    From related orgs
    $0
    Other
    $16,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,646
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,001
    Nontaxable benefits
    $8,239
    Filer's total
    $229,886

  • Graham Boyd

    Executive Dir.

    Total calculated
    $183,664
    From this org
    $176,600
    From related orgs
    $0
    Other
    $7,064
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $176,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,064
    Nontaxable benefits
    not reported
    Filer's total
    $183,664

  • Joseph Green

    President

    Total calculated
    $21,180
    From this org
    $0
    From related orgs
    $0
    Other
    $21,180
    Hours/week
    15

  • David Bronner

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Michael Cotton

    Director

    Total calculated
    $0
    Hours/week
    10

  • Suprotik Basu

    Director

    Total calculated
    $0
    Hours/week
    5

  • Genevieve Juvetson

    Director

    Total calculated
    $0
    Hours/week
    10

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202533049349302518

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