Overview
What is The Psychonomic Society Inc?
The Psychonomic Society Inc, based in Chicago, Illinois, is a nonprofit organization with a focus on promoting the science of cognition. With approximately two employees, they strive to advance and disseminate basic research in experimental psychology and related disciplines. Notably, they hosted a hybrid meeting with over 2,800 registrations, demonstrating their significant impact in the field. Their mission is geared towards fostering cognitive research, contributing to the expansion of knowledge, and ultimately, the betterment of scientific understanding.
Official website here: www.psychonomic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Psychonomic Society Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% in this area, which highlights its commitment to transparency and responsible financial management. The high rating is based entirely on its accountability and finance score, indicating that the organization excels in these critical areas.
The nonprofit boasts a fully independent board with all members meeting the criteria for independence, and it has implemented comprehensive policies such as whistleblower and conflict of interest policies. Furthermore, there is no record of asset diversion, and the organization maintains a low liabilities to assets ratio, showcasing sound fiscal health.
However, while the organization performs well in financial accountability, the available data does not provide insights into the effectiveness or impact of its programs. Understanding the outcomes and benefits of its initiatives would be beneficial for potential donors looking for a complete picture of the nonprofit's operations.
This AI summary has been generated from information found on Charity Navigator.
Is The Psychonomic Society Inc legitimate?
The Psychonomic Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Psychonomic Society 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: $273,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,081
For more financial information, click here
Official website here: www.psychonomic.org
What is the mission statement of The Psychonomic Society Inc?
The Psychonomic Society Inc is dedicated to promoting the science of cognition by advancing and disseminating fundamental research in experimental psychology and related fields. Their primary goal is to foster the development of this field, with a focus on sharing knowledge and findings. The Society, in pursuit of this mission, held a significant annual meeting, attended by over 2,800 participants, as a hybrid event.
Official website here: www.psychonomic.org
Who is the CEO of The Psychonomic Society Inc?
Louis Shomette is the Chair of The Psychonomic Society Inc.
Official website here: www.psychonomic.org
What is the revenue of The Psychonomic Society Inc?
The Psychonomic Society Inc's revenue in 2022 was $2,401,700.
Official website here: www.psychonomic.org
Who are the executives of The Psychonomic Society Inc and what are their salaries?
The average compensation at The Psychonomic Society Inc during 2022 was $171,825. There are 2 employees and 4369 volunteers at The Psychonomic Society Inc.
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- Compensation: $220,559
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- Other: $53,010
Official website here: www.psychonomic.org
Where can I find the form 990 for The Psychonomic Society Inc?
The Psychonomic Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.psychonomic.org
Learn more at the official website: www.psychonomic.org
Mission Statement of The Psychonomic Society Inc
The Psychonomic Society, an esteemed organization, dedicates its efforts to advancing and promoting the science of cognition. By fostering basic research in experimental psychology and related disciplines, the Society aims to expand our understanding of cognitive processes and their underlying mechanisms.
In pursuit of its mission, the Society serves as a platform for the dissemination of knowledge in this field, encouraging communication and collaboration among researchers. The organization's annual meeting, which saw over 2,800 registrations as a hybrid event, underscores its commitment to bringing together professionals and fostering intellectual discourse. By doing so, the Psychonomic Society contributes significantly to the ongoing progress in the field of cognition research.
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Impact
June, 2024
The Psychonomic Society Inc's impact in fostering the science of cognition through the advancement and communication of basic research in experimental psychology and allied sciences is significant. Their annual meetings, such as the recent hybrid meeting with over 2,800 registrations, provide a platform for researchers to share their findings and collaborate on cutting-edge research in the field. By promoting research and knowledge-sharing in experimental psychology, The Psychonomic Society Inc plays a crucial role in advancing our understanding of cognition and mental processes.
This information is meant to be a general summary of The Psychonomic Society 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.
- Investment Income: $343,270
- Program Service Revenue: $1,963,591
- Gross Receipts: $2,993,333
Assets and Liabilities:
- Total Assets: $9,234,996
- Total Liabilities: $451,359
- Net Assets: $8,783,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTY AND PUBLICATION SUPPORT
Revenue
$1,855,415
MEETINGS
Revenue
$106,140
JOURNAL SUBSCRIPTIONS
Revenue
$2,036
Organization Details
Founding Year
1960
Phone
(847) 375-3696Principal Officer
Louis Shomette
Main Address
8735 W HIGGINS ROAD 300, CHICAGO, IL, 60631
Website
www.psychonomic.orgNTEE Category
Code: F99Z - Mental health
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