Overview
What is Kentucky Psychological Foundation?
The Kentucky Psychological Foundation is a nonprofit organization dedicated to fostering psychologically healthy lives within the state. Their primary mission is to build a psychologically healthy Kentucky, which they pursue by hosting an annual academic conference for psychology students to showcase their research and enhance their practical skills. Furthermore, they sponsor ongoing continuing education workshops throughout the year, focusing on relevant topics for psychological practitioners and their clients. In essence, the Kentucky Psychological Foundation aims to contribute to the overall well-being of individuals in Kentucky by providing opportunities for learning and development in the field of psychology.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (54%)
The Kentucky Psychological Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and management. The overall score is derived solely from its Accountability & Finance metrics, which suggest that while it maintains a wholly independent board and has established various governance policies, it falls short in other critical financial areas.
The organization scored exceptionally well on aspects such as having a majority of independent board members and a clear conflict of interest policy. However, its financial health is alarming, reflected in a liabilities to assets ratio of 45.19%, which raises questions about its sustainability. The program expense ratio of 43.26% also signals that a large portion of expenditures may not be directed towards its intended programs, potentially impacting its effectiveness.
These financial challenges suggest that while the foundation may have solid governance in place, it needs to improve its financial performance and transparency to foster greater trust and support from the community. Addressing these limitations will be crucial for the organization to enhance its impact and regain credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Psychological Foundation legitimate?
Kentucky Psychological Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Psychological Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,939
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What is the mission statement of Kentucky Psychological Foundation?
The Kentucky Psychological Foundation's mission is geared towards fostering healthy and meaningful lives. Specifically, the foundation aims to establish a psychologically healthy environment for all. To achieve this, they host an annual academic conference for psychology students, enabling them to present their research and hone practical skills. Moreover, they sponsor ongoing continuing education workshops throughout the year, focusing on relevant topics for psychological professionals and their clients.
Who is the CEO of Kentucky Psychological Foundation?
Eric Russ Phd is the President of Kentucky Psychological Foundation.
What is the revenue of Kentucky Psychological Foundation?
Kentucky Psychological Foundation's revenue in 2022 was $323,623.
Who are the executives of Kentucky Psychological Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Kentucky Psychological Foundation?
Kentucky Psychological Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky Psychological Foundation
The Kentucky Psychological Foundation, a notable non-profit organization, dedicates itself to fostering healthy and meaningful lives across the state. Its mission is centered around building a psychologically healthy Kentucky. To achieve this, the foundation hosts an annual academic conference during spring, offering a platform for psychology students to showcase their research and strengthen their practical skills.
In addition to the conference, the Kentucky Psychological Foundation organizes ongoing continuing education workshops throughout the year. These workshops focus on relevant topics for psychological practitioners and their clients, ensuring that professionals are well-equipped to provide effective services. The foundation's efforts are not limited to one-time events; instead, they strive for sustained growth and improvement in the field of psychology, making a significant impact on the lives of many.
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Impact
June, 2024
Kentucky Psychological Foundation's impact is significant in promoting healthy and meaningful lives by building a psychologically healthy Kentucky. Through hosting academic conferences and providing opportunities for psychology students to present their research and develop practical skills, as well as sponsoring continuing education workshops on relevant topics for psychological practitioners and their clients, the foundation plays a crucial role in advancing mental health awareness and support in Louisville, Kentucky.
This information is meant to be a general summary of Kentucky Psychological Foundation. 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: $152,799
- Gross Receipts: $323,623
Assets and Liabilities:
- Total Assets: $262,334
- Total Liabilities: $118,555
- Net Assets: $143,779
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROFESSIONAL DEVP.
Revenue
$152,799
Organization Details
Founding Year
1999
Phone
(502) 894-0777Principal Officer
Eric Russ Phd
Main Address
8004 LYNDON CENTRE WAY, LOUISVILLE, KY, 40222
NTEE Category
Code: F80Z - Mental health
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