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Alma Institute

Tax-deductible

Portland, OR501(c)(3)Community Development EIN 87-3652181Revenue $257K in FY2024

On file with the IRS401 Ne 19th Ave, 97232-4800 · Portland, ORTax-exempt since Sep 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Alma Institute is an educational organization. We are a private career school approved by oregons higher education coordinating commission and the oregon health authority.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 4 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 3
filings with a surplus
Average deficit $29K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $65K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$88K
×52 of total assets
Concern: liabilities are 5200% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
-60% vs prior year
Spent
$172K
To programs
46%
Net assets
−$86K
By yearFY2022–FY2024
Revenue
$257K
FY2024▼ -60%
Tap a bar for its year
Revenue by fiscal year
FY2022$291K
FY2023$636K
FY2024$257K
Expenses
$172K
FY2024▼ -73%
Tap a bar for its year
Expenses by fiscal year
FY2022$463K
FY2023$635K
FY2024$172K
Net assets
−$86K
FY2024▲ +50%
Tap a bar for its year
Net assets by fiscal year
FY2022−$172K
FY2023−$171K
FY2024−$86K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2022.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $79K Management & general 54% · $93K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Robert Stanley
Board Chair
$0Pt VII · Sec A
Ani Achugbue
Board Treasurer
$0Pt VII · Sec A
Keeno Jones
Board Member
$0Pt VII · Sec A
Juliana Mulligan
Board Member
$0Pt VII · Sec A
Greg Kieser
Board Member
$0Pt VII · Sec A
Rebecca Recker
Executive Director
$0Pt VII · Sec A
See Alma 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 15aNo

Programs and updates

Trains individuals for careers in healthcare and other fields.

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Provided by the organization

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1 program · $79K · in their own filed words · FY2024
01

Alma institutes flagship program is a psilocybin facilitator certification. Designed to fit the requirements of training programs under measure 109, this program provides 150 hours of skill building for individuals pursuing licensure under the state of oregon to offer supervised psilocybin sessions to clients within state-licensed…

$79Kprogram 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
Riverstyx FoundationFY2024$25K
Healing Hearts Changing Minds INCFY2024$20K
The Educational Foundation of AmericaFY2024$20K
Total grants receivedfrom 3 funders$65K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Gifts and grantsLn 1h$257K
Investment incomeLn 3$6
Money outPt IX
$172K
Ln 25
Programscol B$79K
Managementcol C$93K
Owns and owesPt X
−$86K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$88K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$257K
Investment incomeLn 3$6
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$6
Cash and savings togetherLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$88K
Net assetsLn 32−$86K
OperationsPt I, VI
EmployeesI 57
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5K$2K
Total assetsLn 16$5K$2K
LiabilitiesLn 26$176K$88K
Net assetsLn 32−$171K−$86K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$32K$32K
Other salaries and wagesLn 7$87K$64K$23K
Payroll taxesLn 10$12K$6K$6K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
Information technologyLn 14$7K$7K
OccupancyLn 16$3K$3K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$168$168
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$172K$79K$93K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $257K$172K$85K−$86K 990 PDF
FY2023 $636K$635K$1K−$171K 990 PDF
FY2022 $291K$463K−$172K−$172K 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 FY2024 990 (6 parts)
Part I · Summary $257,077 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $222,175$257,071
I-9 Program service revenuePrior year $414,152$0
I-10 Investment incomePrior year $2$6
I-11 Other revenue$0
I-12 Total revenuePrior year $636,329$257,077
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $387,851$131,607
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $247,286$40,508
I-18 Total expensesPrior year $635,137$172,115
I-19 Revenue less expensesPrior year $1,192$84,962
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $257,077 across 6 lines filed
VIII-1a Federated campaigns$257,171
VIII-1f All other contributions, gifts and grants−$100
VIII-1h Total contributions, gifts and grants$257,071
VIII-3 Investment incomeRelated to mission $6$6
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $6 · Unrelated business $0 · Excluded from tax $0$257,077
Part IX · Statement of functional expenses $172,115 across 11 lines filed
IX-5 Pay of current officers, directors and key staffManagement $32,362$32,362
IX-7 Other salaries and wagesPrograms $64,060 · Management $23,268$87,328
IX-10 Payroll taxesPrograms $6,378 · Management $5,539$11,917
IX-11b Legal feesManagement $18,401$18,401
IX-11c Accounting feesManagement $4,063$4,063
IX-11g Other fees for servicesPrograms $1,375$1,375
IX-14 Information technologyPrograms $7,232$7,232
IX-16 OccupancyManagement $3,159$3,159
IX-17 TravelManagement $2,751$2,751
IX-19 Conferences, conventions and meetingsManagement $168$168
IX-24e All other expensesManagement $3,359$3,359
IX-25 Total functional expensesPrograms $79,045 · Management $93,070 · Fundraising $0$172,115
Part X · Balance sheet $1,719 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $4,742$1,713
X-2 Savings and temporary cash investmentsStart of year $8$6
X-16 Total assetsStart of year $4,750$1,719
X-24 Unsecured notes and loans payableStart of year $175,866$87,873
X-26 Total liabilitiesStart of year $175,866$87,873
X-27 Net assets without donor restrictionsStart of year −$171,116−$86,154
X-32 Total net assets or fund balancesStart of year −$171,116−$86,154
X-33 Total liabilities and net assetsStart of year $4,750$1,719
Part XI · Reconciliation of net assets −$86,154 net assets at year end
XI-1 Total revenue$257,077
XI-2 Total expenses$172,115
XI-3 Revenue less expenses$84,962
XI-4 Net assets at start of year−$171,116
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$86,154

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

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