Overview
What is Psi Chi The International Honor Society In Psychology?
Psi Chi The International Honor Society in Psychology is a distinguished nonprofit organization located in Chattanooga, Tennessee. Its primary mission is to celebrate and encourage excellence within the field of psychology. This is achieved by recognizing outstanding students and professionals through various awards, grants, and scholarships. The society provides valuable resources for professional development, including convention programming, publications, and educational website materials. With a dedicated workforce of 17 individuals, Psi Chi fosters a community that supports and promotes the science and application of psychology, contributing to its growth and advancement.
Official website here: www.psichi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Psi Chi The International Honor Society In Psychology has achieved a high rating of 96%, reflecting its strong commitment to accountability and financial health. The organization boasts a perfect score for having an entirely independent board and a robust financial oversight structure, including comprehensive auditing and compliance policies. Such ratings highlight its operational transparency and dedication to maintaining ethical governance practices.
The financial metrics are commendable, with a program expense ratio of 80.01%, indicating that a significant portion of its funds is allocated directly to its mission-related activities. Additionally, the organization's liabilities to assets ratio stands at a healthy 12.33%, further reinforcing its financial stability. This solid foundation allows Psi Chi to effectively support its initiatives and provide value to its members and the broader psychology community.
Despite its strong performance, there are no specific limitations noted in the data provided. Overall, Psi Chi exemplifies a well-managed nonprofit organization that prioritizes its mission and demonstrates a commitment to responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Psi Chi The International Honor Society In Psychology legitimate?
Psi Chi The International Honor Society In Psychology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Psi Chi The International Honor Society In Psychology 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: $178,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $826,407
For more financial information, click here
Official website here: www.psichi.org
What is the mission statement of Psi Chi The International Honor Society In Psychology?
Psi Chi The International Honor Society in Psychology's mission is focused on recognizing and promoting excellence within the field of psychology. They strive to achieve this objective by identifying and highlighting outstanding achievements in both the scientific and practical applications of psychology. As part of their mission, they offer various benefits such as awards, grants, and scholarships to undergraduate and graduate students. Psi Chi also facilitates professional growth by providing opportunities through convention programming, publications, and educational website resources.
Official website here: www.psichi.org
What is the revenue of Psi Chi The International Honor Society In Psychology?
Psi Chi The International Honor Society In Psychology's revenue in 2024 was $1,832,802.
Official website here: www.psichi.org
Who are the executives of Psi Chi The International Honor Society In Psychology and what are their salaries?
The average compensation at Psi Chi The International Honor Society In Psychology during 2024 was $55,803. There are 18 employees at Psi Chi The International Honor Society In Psychology.
Here are 13 key members and their salaries:
- Compensation: $12,500
- Related: $0
- Other: $0
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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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- Compensation: $76,243
- Related: $0
- Other: $0
- Compensation: $92,971
- Related: $0
- Other: $20,623
- Compensation: $124,529
- Related: $0
- Other: $16,369
- Compensation: $118,295
- Related: $0
- Other: $9,564
Official website here: www.psichi.org
Where can I find the form 990 for Psi Chi The International Honor Society In Psychology?
Psi Chi The International Honor Society In Psychology's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.psichi.org
Learn more at the official website: www.psichi.org
Mission Statement of Psi Chi The International Honor Society In Psychology
Psi Chi, the International Honor Society in Psychology, is committed to fostering excellence within the field of psychology. Their mission is twofold: firstly, they recognize and celebrate outstanding achievements in the scientific and practical aspects of psychology. Secondly, they actively promote this excellence, aiming to encourage and support individuals who demonstrate a high level of dedication and proficiency in the field. Membership in Psi Chi comes with various advantages, including access to awards, grants, and scholarships for both undergraduate and graduate students. The society also offers professional development opportunities through convention programming, publications, and educational website resources, thereby facilitating the growth of its members.
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Impact
July, 2024
Psi Chi The International Honor Society In Psychology has a significant impact on the field by recognizing and promoting excellence in psychology. Through its awards, grants, scholarships, convention programming, publications, and educational resources, Psi Chi provides valuable support for undergraduate and graduate students pursuing psychology. By fostering professional growth and highlighting outstanding achievements in the field, Psi Chi contributes to the advancement of psychology education and practice.
This information is meant to be a general summary of Psi Chi The International Honor Society In Psychology. 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 2024.
- Investment Income: $59,846
- Program Service Revenue: $1,308,068
- Gross Receipts: $4,402,548
Assets and Liabilities:
- Total Assets: $4,597,330
- Total Liabilities: $250,116
- Net Assets: $4,347,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,307,468
CHARTER FEES
Revenue
$600
Organization Details
Founding Year
1988
Principal Officer
Marianne Fallon
Website
www.psichi.orgNTEE Category
Code: B83 - Education
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