Overview
What is Training Institute For Mental Health?
The Training Institute for Mental Health is a nonprofit organization situated in New York City. Its primary mission is twofold: first, to provide affordable psychological therapy to individuals of low income, and second, to educate and train mental health practitioners. The institute also manages a Teen Talk Center, catering to the mental health requirements of at-risk adolescents. With a workforce of 54 individuals, the Training Institute for Mental Health plays a significant role in addressing mental health concerns within the community.
Official website here: www.timh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% - Three-Star out of Four Stars
The Training Institute For Mental Health has received a solid Three-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This score is primarily based on their excellent management practices, with a perfect score for having a majority of independent board members and comprehensive financial statements. A high program expense ratio of 81.05% reflects their commitment to utilizing funds effectively for their mission.
Despite the positive rating, there are some areas for improvement. Notably, the organization is missing a whistleblower policy and a document retention and destruction policy, which could enhance transparency and governance. However, their lack of material diversion of assets and solid liabilities to assets ratio further strengthens their financial credibility.
Overall, the Training Institute For Mental Health demonstrates a commitment to accountability and fiscal responsibility, making it a reliable choice for donors interested in supporting mental health initiatives. Addressing the identified policy gaps could further bolster their reputation as a leading nonprofit in the mental health sector.
This AI summary has been generated from information found on Charity Navigator.
Is Training Institute For Mental Health legitimate?
Training Institute For Mental Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Training Institute For Mental Health submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $21,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,708
For more financial information, click here
Official website here: www.timh.org
What is the mission statement of Training Institute For Mental Health?
The Training Institute for Mental Health is committed to providing affordable psychotherapy to individuals of low-income and offering instruction and training to mental health practitioners. Moreover, it operates a Teen Talk Center to cater to the mental health needs of at-risk adolescents. In essence, its mission is to ensure accessible mental health services and professional development for the mental health community.
Official website here: www.timh.org
Who is the CEO of Training Institute For Mental Health?
Frederick Aiese is the Trustee of Training Institute For Mental Health.
Official website here: www.timh.org
What is the revenue of Training Institute For Mental Health?
Training Institute For Mental Health's revenue in 2023 was $508,727.
Official website here: www.timh.org
Who are the executives of Training Institute For Mental Health and what are their salaries?
The average compensation at Training Institute For Mental Health during 2023 was $6,946. There are 54 employees and 9 volunteers at Training Institute For Mental Health.
Here are 12 key members and their salaries:
- Compensation: $53,332
- Related: $0
- Other: $0
- Compensation: $21,960
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Official website here: www.timh.org
Where can I find the form 990 for Training Institute For Mental Health?
Training Institute For Mental Health's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.timh.org
Learn more at the official website: www.timh.org
Mission Statement of Training Institute For Mental Health
The Training Institute for Mental Health, a nonprofit organization, is committed to making mental health services accessible to those who need it most, specifically low-income individuals. This institute offers affordable psychotherapy and serves as a hub for instruction and training of mental health practitioners. In addition, they operate a Teen Talk Center, catering to the mental health needs of at-risk adolescents. The Training Institute for Mental Health's mission is multifaceted, aiming to bridge the gap in mental health care while fostering the professional development of mental health practitioners.
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Impact
July, 2024
Training Institute For Mental Health has had a significant impact by providing affordable psychotherapy to low-income individuals and offering essential instruction and training to mental health practitioners in New York. Additionally, through its operation of a Teen Talk Center, it addresses the mental health needs of at-risk adolescents. This organization plays a vital role in improving access to mental health services, enhancing the skills of mental health professionals, and supporting vulnerable populations in the community.
This information is meant to be a general summary of Training Institute For Mental Health. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $9,935
- Program Service Revenue: $414,494
- Gross Receipts: $640,309
Assets and Liabilities:
- Total Assets: $429,430
- Total Liabilities: $162,618
- Net Assets: $266,812
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THERAPY AND FEES
Revenue
$340,264
TUITION AND FEES
Revenue
$53,355
RENTAL INCOME
Revenue
$20,875
Organization Details
Founding Year
1968
Phone
(212) 627-8181Principal Officer
Frederick Aiese
Main Address
115 WEST 27TH STREET 4TH FLOOR, NEW YORK, NY, 100016904
Website
www.timh.orgNTEE Category
Code: F02 - Mental health
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