The Chicago Psychoanalytic Institute transforms the lives of individuals, families and communities, using Psychoanalytic knowledge to help them grow and thrive.

501(c)(3) charity; gifts are tax-deductible.
53¢ of each $1 spent went to programs.
Run by 140 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $165K a year · 8% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $648K in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+31% vs prior year
Spent
$2.4M
To programs
53%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$2.4M
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.0M
FY2023$1.8M
FY2024$1.9M
FY2025$2.4M
Expenses
$2.4M
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$2.0M
FY2023$2.0M
FY2024$2.6M
FY2025$2.4M
Net assets
$1.1M
FY2025▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.3M
FY2023$2.1M
FY2024$1.2M
FY2025$1.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $1.3M Management & general 42% · $1.0M Fundraising 5% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$128,457Pt VII · Sec A
Executive Director
$81,591Pt VII · Sec A
Institute Dean
$31,155Pt VII · Sec A
Chief Operating Officer
$30,625Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

David Brooks’s $128K as President is at the 28th percentile of top reported officer pay among 145 $1–10M social science nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carolyn Handler——$118,175$130,026$149,738$137,401
David Brooks$128,457$128,161$43,176———
Erika Schmidt——$112,578$117,040$115,028$115,686
Lala Abasova——$112,521———
Jacquelyn O'Sullivan$30,625$109,309$29,282———
Madalyn Warren$81,591—————
Wendy Selene———$45,805$29,668—
Marshall Kordon$31,155$45,522————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Transforms lives using psychoanalytic knowledge for growth and thriving.

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Provided by the organization

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2 programs · $1.3M · in their own filed words · FY2024
01

Treatment Centers

1. Adult clinical services offer reduced fee psychotherapy services through approximately 20 licensed psychotherapists and a group of experienced student fellows. Services include consultations and psychotherapy to adult individuals and couples seeking help for difficulties with anxiety, depression, relationship problems, and a wide…

$980Kprogram expense
02

Education Programs

1. The psychoanalytic education program is a multifaceted course of study intended to expand and refine the capacity of mental helath professionals to understand and work with patients in DEPTH.2.

$313Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$578K
Investment incomeLn 3$201K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.3M
Managementcol C$1.0M
Fundraisingcol D$120K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$288K
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
22
listed · VII A
PaidVII A4
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$578K
Government grantsLn 1e$97K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$201K
Other incomeLn 4–11$126K
Gains on assetsLn 7$182K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$269K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$288K
InvestmentsLn 11–13$648K
Land, buildings, equipmentLn 10c$35K
Other assetsLn 15$1.5M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 519
VolunteersI 6140
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$68K$288K
InvestmentsLn 11–13$839K$648K
Land, buildings, equipmentLn 10c$54K$35K
Total assetsLn 16$3.0M$2.8M
LiabilitiesLn 26$1.8M$1.7M
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$238K$138K$100K
Other salaries and wagesLn 7$1.0M$821K$140K$67K
Other employee benefitsLn 9$93K$76K$11K$6K
Payroll taxesLn 10$82K$67K$10K$5K
Accounting feesLn 11c$145K$145K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$197K$69K$98K$31K
Advertising and promotionLn 12$68K$68K
Office expensesLn 13$24K$12K$9K$2K
Information technologyLn 14$112K$39K$72K$1K
OccupancyLn 16$237K$12K$225K
TravelLn 17$9K$9K
Conferences, conventions and meetingsLn 19$34$34
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$126K$50K$69K$7K
All other expensesLn 24e$4K$2K$2K$346
Total functional expensesLn 25$2.4M$1.3M$1.0M$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.4M$2.4M−$12K$1.1M 990 PDF
FY2024 $1.9M$2.6M−$723K$1.2M 990 PDF
FY2023 $1.8M$2.0M−$187K$2.1M 990 PDF
FY2022 $2.0M$2.0M$27K$2.3M 990 PDF
FY2021 $2.4M$2.3M$75K$2.6M 990 PDF
FY2020 $2.2M$2.4M−$173K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,437,846 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $521,964$578,259
I-9 Program service revenuePrior year $1,118,043$1,532,523
I-10 Investment incomePrior year $233,053$200,979
I-11 Other revenuePrior year −$13,537$126,085
I-12 Total revenuePrior year $1,859,523$2,437,846
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,010,614$1,440,473
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,571,620$1,009,476
I-18 Total expensesPrior year $2,582,234$2,449,949
I-19 Revenue less expensesPrior year −$722,711−$12,103
Part VI · Governance 20 of 20 board members independent, 2 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,437,846 across 11 lines filed
VIII-1b Membership dues$142,439
VIII-1e Government grants$96,835
VIII-1f All other contributions, gifts and grants$338,985
VIII-1g Noncash contributions (included above)$3,341
VIII-1h Total contributions, gifts and grants$578,259
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,532,523$1,532,523
VIII-3 Investment incomeExcluded from tax $19,191$19,191
VIII-7 Net gain or loss on sales of assetsExcluded from tax $181,788$181,788
VIII-8 Net income from fundraising eventsExcluded from tax $98,435$98,435
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,650$27,650
VIII-12 Total revenueRelated to mission $1,560,173 · Unrelated business $0 · Excluded from tax $299,414$2,437,846
Part IX · Statement of functional expenses $2,449,949 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $137,851 · Management $99,823$237,674
IX-7 Other salaries and wagesPrograms $820,975 · Management $139,862 · Fundraising $67,408$1,028,245
IX-9 Other employee benefitsPrograms $75,717 · Management $11,256 · Fundraising $5,742$92,715
IX-10 Payroll taxesPrograms $66,834 · Management $9,936 · Fundraising $5,069$81,839
IX-11c Accounting feesManagement $145,410$145,410
IX-11f Investment management feesManagement $1,820$1,820
IX-11g Other fees for servicesPrograms $68,642 · Management $97,654 · Fundraising $30,516$196,812
IX-12 Advertising and promotionManagement $67,796$67,796
IX-13 Office expensesPrograms $12,267 · Management $9,469 · Fundraising $2,353$24,089
IX-14 Information technologyPrograms $38,986 · Management $71,706 · Fundraising $1,268$111,960
IX-16 OccupancyPrograms $12,262 · Management $225,230$237,492
IX-17 TravelPrograms $8,549$8,549
IX-19 Conferences, conventions and meetingsFundraising $34$34
IX-22 Depreciation, depletion and amortizationManagement $19,037$19,037
IX-23 InsuranceManagement $66,136$66,136
IX-24 Other expenses (24a–d)Programs $49,698 · Management $69,306 · Fundraising $7,390$126,394
IX-24e All other expensesPrograms $1,812 · Management $1,789 · Fundraising $346$3,947
IX-25 Total functional expensesPrograms $1,293,593 · Management $1,036,230 · Fundraising $120,126$2,449,949
Part X · Balance sheet $2,800,821 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $49,415$269,438
X-2 Savings and temporary cash investmentsStart of year $18,474$18,140
X-3 Pledges and grants receivableStart of year $183,906$92,671
X-4 Accounts receivableStart of year $121,571$130,297
X-9 Prepaid expenses and deferred chargesStart of year $54,525$64,205
X-10c Land, buildings and equipment, netStart of year $53,625$34,589
X-11 Publicly traded securitiesStart of year $838,663$647,853
X-15 Other assetsStart of year $1,671,159$1,543,628
X-16 Total assetsStart of year $2,991,338$2,800,821
X-17 Accounts payable and accrued expensesStart of year $90,393$135,482
X-25 Other liabilitiesStart of year $1,678,002$1,594,467
X-26 Total liabilitiesStart of year $1,768,395$1,729,949
X-27 Net assets without donor restrictionsStart of year $709,036$540,974
X-28 Net assets with donor restrictionsStart of year $513,907$529,898
X-32 Total net assets or fund balancesStart of year $1,222,943$1,070,872
X-33 Total liabilities and net assetsStart of year $2,991,338$2,800,821
Part XI · Reconciliation of net assets $1,070,872 net assets at year end
XI-1 Total revenue$2,437,846
XI-2 Total expenses$2,449,949
XI-3 Revenue less expenses−$12,103
XI-4 Net assets at start of year$1,222,943
XI-5 Net unrealized gains (losses) on investments−$139,968
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,070,872

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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