Steinberg Institute

Tax-deductible

Sacramento, CA501(c)(3)Mental HealthEIN 81-4361691

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The purposes of this corporation IS to (1) advance mental health awareness, inspire mental health leadership, de-stigmatize mental health issues, and prioritize the delivery of mental health services within and outside California; and (2) engage in any other charitable activity.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 6 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $78K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 51% of spending
Top officer’s pay higher than 94% of similar orgs
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $60K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$501K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-69% vs prior year
Spent
$2.1M
To programs
76%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▼ -69%
Revenue by fiscal year
FY2020$2.1M
FY2021$584K
FY2022$579K
FY2023$3.4M
FY2024$1.0M
Expenses
$2.1M
FY2024▲ +22%
Expenses by fiscal year
FY2020$824K
FY2021$1.1M
FY2022$1.5M
FY2023$1.7M
FY2024$2.1M
Net assets
$1.1M
FY2024▼ -49%
Net assets by fiscal year
FY2020$2.0M
FY2021$1.4M
FY2022$500K
FY2023$2.2M
FY2024$1.1M

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Apr 2017.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.6M Management & general 24% · $498K Fundraising 0% · $724

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

19 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$255,000Pt VII · Sec A
Director of Strategic Partnerships
$170,448Pt VII · Sec A
Director of Government Affairs
$150,250Pt VII · Sec A
Senior Research Associate
$128,600Pt VII · Sec A
Chief Operating Officer
$126,760Pt VII · Sec A
Associate Director of Partnerships
$125,591Pt VII · Sec A
Director of Administration
$108,000Pt VII · Sec A
$0Pt VII · Sec A

Karen Larsen’s $255K as Chief Executive Officer is at the 94th percentile of top reported officer pay among 1683 $1–10M mental health 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Karen Larsen$255,000$260,000$197,917——
Margaret Merritt$126,760$180,677$169,500$185,000$175,000
Jason W Shoultz$170,448$149,400$134,129——
Tara Gamboa-Eastman$150,250$139,900$118,958——
Corey Hashida$128,600$123,750———
John W Drebinger$125,591————
Carmen Marcelo$108,000————

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.

See Steinberg Institute executive salaries →

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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

Promotes mental health awareness, leadership, and services, while fighting stigma.

Provided by the organization

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1 program · $1.6M · in their own filed words · FY2024
01

Since our founding in 2015, the institute has helped enact sweeping improvements in california mental health policy, including securing significant funding to provide permanent supportive housing and care for individuals living with mental health and substance use conditions who are experiencing homelessness, peer certification, parity…

$1.6Mprogram 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 · FY2024
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$4K
Other incomeLn 4–11$98
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$498K
Fundraisingcol D$724
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$501K
PeoplePt VI, VII
19
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Noncash giftsLn 1g$318
Investment incomeLn 3$4K
Other incomeLn 4–11$98
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$675K
SavingsLn 2$467K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$328K
Total assetsLn 16$1.6M
LiabilitiesLn 26$501K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$222$0
Total assetsLn 16$2.4M$1.6M
LiabilitiesLn 26$201K$501K
Net assetsLn 32$2.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$427K$395K$32K
Other salaries and wagesLn 7$874K$808K$65K
Pension plan contributionsLn 8$71K$65K$5K
Other employee benefitsLn 9$64K$59K$5K
Payroll taxesLn 10$93K$86K$7K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$65K$35K$30K
Lobbying feesLn 11d$14K$14K
Professional fundraising feesLn 11e$724$724
Other fees for servicesLn 11g$163K$92K$72K
Advertising and promotionLn 12$39K$3K$36K
Office expensesLn 13$21K$765$20K
Information technologyLn 14$6K$2K$5K
OccupancyLn 16$129K$129K
TravelLn 17$11K$1K$10K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$222$222
InsuranceLn 23$14K$4K$10K
Other expenses (24a–d)Ln 24$103K$56K$46K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$2.1M$1.6M$498K$724

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$2.1M−$1.1M$1.1M 990 PDF
FY2023 $3.4M$1.7M$1.7M$2.2M 990 PDF
FY2022 $579K$1.5M−$948K$500K 990 PDF
FY2021 $584K$1.1M−$549K$1.4M 990 PDF
FY2020 $2.1M$824K$1.3M$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,042,651 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,038,470
VIII-1g Noncash contributions (included above)$318
VIII-1h Total contributions, gifts and grants$1,038,470
VIII-3 Investment incomeExcluded from tax $4,083$4,083
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $98$98
VIII-12 Total revenueRelated to mission $98 · Unrelated business $0 · Excluded from tax $4,083$1,042,651
Part IX · Statement of functional expenses $2,108,211 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $395,214 · Management $31,944$427,158
IX-7 Other salaries and wagesPrograms $808,309 · Management $65,334$873,643
IX-8 Pension plan contributionsPrograms $65,472 · Management $5,292$70,764
IX-9 Other employee benefitsPrograms $58,759 · Management $4,749$63,508
IX-10 Payroll taxesPrograms $86,356 · Management $6,980$93,336
IX-11b Legal feesManagement $7,082$7,082
IX-11c Accounting feesPrograms $34,909 · Management $29,904$64,813
IX-11d Lobbying feesManagement $14,058$14,058
IX-11e Professional fundraising feesFundraising $724$724
IX-11g Other fees for servicesPrograms $91,751 · Management $71,513$163,264
IX-12 Advertising and promotionPrograms $2,510 · Management $36,285$38,795
IX-13 Office expensesPrograms $765 · Management $20,410$21,175
IX-14 Information technologyPrograms $1,548 · Management $4,639$6,187
IX-16 OccupancyManagement $128,984$128,984
IX-17 TravelPrograms $1,075 · Management $10,271$11,346
IX-19 Conferences, conventions and meetingsManagement $3,552$3,552
IX-22 Depreciation, depletion and amortizationManagement $222$222
IX-23 InsurancePrograms $3,760 · Management $10,290$14,050
IX-24 Other expenses (24a–d)Programs $56,239 · Management $46,311$102,550
IX-24e All other expensesPrograms $3,000$3,000
IX-25 Total functional expensesPrograms $1,609,667 · Management $497,820 · Fundraising $724$2,108,211
Part X · Balance sheet $1,609,922 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $827,116$675,364
X-2 Savings and temporary cash investmentsStart of year $415,228$466,840
X-3 Pledges and grants receivableStart of year $1,013,472$15,000
X-4 Accounts receivableStart of year $30,450$35,000
X-9 Prepaid expenses and deferred chargesStart of year $23,105$89,860
X-10c Land, buildings and equipment, netStart of year $222$0
X-15 Other assetsStart of year $65,736$327,858
X-16 Total assetsStart of year $2,375,329$1,609,922
X-17 Accounts payable and accrued expensesStart of year $133,261$145,617
X-19 Deferred revenue$51,000
X-25 Other liabilitiesStart of year $67,576$304,373
X-26 Total liabilitiesStart of year $200,837$500,990
X-27 Net assets without donor restrictionsStart of year $435,559$197,201
X-28 Net assets with donor restrictionsStart of year $1,738,933$911,731
X-32 Total net assets or fund balancesStart of year $2,174,492$1,108,932
X-33 Total liabilities and net assetsStart of year $2,375,329$1,609,922
Part XI · Reconciliation of net assets $1,108,932 net assets at year end
XI-1 Total revenue$1,042,651
XI-2 Total expenses$2,108,211
XI-3 Revenue less expenses−$1,065,560
XI-4 Net assets at start of year$2,174,492
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,108,932

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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