Overview
What is Psi Services Of Indiana Inc?
Psi Services of Indiana Inc, located in Merrillville, Indiana, serves as a contractor for the Indiana Department of Child Support, offering foster care services to children with diverse mental health and medical conditions. Their mission is to provide the highest level of care to these children, utilizing effective foster family recruitment, licensing, and training methods. With a committed workforce of 11 individuals, Psi Services dedicates its efforts to ensuring these children receive the necessary support and nurturing they require during challenging times.
Official website here: www.psiindiana.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Psi Services of Indiana Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 92%. This high rating indicates that the organization is effectively managing its resources and demonstrating transparency in its operations. The evaluation is based entirely on financial accountability, which is crucial for maintaining donor trust.
One of the notable strengths of Psi Services of Indiana Inc is its board structure, featuring 100% independent board members, ensuring unbiased governance. The organization also scored perfectly in several areas, such as financial audits and material diversion of assets, indicating sound financial practices. With a program expense ratio of nearly 96%, the majority of its expenditures are directed toward program services, highlighting its commitment to fulfilling its mission.
However, there is a significant limitation in the absence of a whistleblower policy, which may raise concerns about internal governance and accountability. While the organization excels in many aspects, addressing this gap could further strengthen its governance framework and enhance overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Psi Services Of Indiana Inc legitimate?
Psi Services Of Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Psi Services Of Indiana Inc 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: $144,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,440
For more financial information, click here
Official website here: www.psiindiana.com
What is the mission statement of Psi Services Of Indiana Inc?
Psi Services of Indiana Inc's mission is centered around providing foster care services for children with diverse mental health and medical conditions. They achieve this by actively recruiting, licensing, and training foster families to deliver the highest quality of care for these children under their management. As a contractor for the Indiana Department of Child Support, Psi Services has been providing these foster care services to children in need.
Official website here: www.psiindiana.com
Who is the CEO of Psi Services Of Indiana Inc?
Melvin Swope is the Exectutive Director of Psi Services Of Indiana Inc.
Official website here: www.psiindiana.com
What is the revenue of Psi Services Of Indiana Inc?
Psi Services Of Indiana Inc's revenue in 2022 was $509,024.
Official website here: www.psiindiana.com
Who are the executives of Psi Services Of Indiana Inc and what are their salaries?
The average compensation at Psi Services Of Indiana Inc during 2022 was $26,884. There are 11 employees at Psi Services Of Indiana Inc.
Here are 7 key members and their salaries:
- Compensation: $88,079
- Related: $0
- Other: $0
- Compensation: $56,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.psiindiana.com
Where can I find the form 990 for Psi Services Of Indiana Inc?
Psi Services Of Indiana Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.psiindiana.com
Learn more at the official website: www.psiindiana.com
Mission Statement of Psi Services Of Indiana Inc
Psi Services of Indiana Inc is committed to providing foster care services for children with diverse mental health and medical conditions. To achieve this mission, the organization utilizes various strategies, including fostering family recruitment, licensing, and training. This comprehensive approach enables Psi Services of Indiana Inc to offer the highest level of foster care to the children under its management, acting as a contractor for the Indiana Department of Child Support. By providing a nurturing and supportive environment, Psi Services of Indiana Inc aims to contribute positively to the well-being of these vulnerable children, enabling them to overcome their challenges and thrive.
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Impact
July, 2024
Psi Services Of Indiana Inc's impact lies in its crucial role of providing foster care services to children with various levels of mental health and medical conditions. Through its work as a contractor of the Indiana Department of Child Support, Psi Services Of Indiana Inc ensures that these vulnerable children receive the specialized care and support they need. By utilizing foster family recruitment, licensing, and training, Psi Services Of Indiana Inc is able to provide the highest level of foster care to the children under their management in Merrillville, Indiana. This organization's mission is to ensure that children in difficult circumstances have a safe and nurturing environment where they can thrive despite their challenges.
This information is meant to be a general summary of Psi Services Of Indiana Inc. 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 2022.
- Program Service Revenue: $915,763
- Gross Receipts: $915,763
Assets and Liabilities:
- Total Assets: $286,815
- Total Liabilities: $81,771
- Net Assets: $205,044
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$915,763
Organization Details
Founding Year
2016
Phone
(219) 756-8201Principal Officer
Melvin Swope
Main Address
8120 GEORGIA ST D, MERRILLVILLE, IN, 46410
Website
www.psiindiana.comNTEE Category
Code: P40 - Human services
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