PSI FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PSI FOUNDATION (EIN 23-7222740)
Tax period
2020-01-01 to 2020-12-31
Filed
2022-04-29
IRS object ID
202211199349101016
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-04-29T14:42:12-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DANIEL LUNDENBERGBusinessNameLine1Txt

Preparer Foreign Address PreparerForeignAddress

FieldValueIRS element (for citing)
Address Line1222 BAY STREET UNIT 2200AddressLine1Txt
CityTORONTOCityNm
Province Or StateONProvinceOrStateNm
CountryCACountryCd
Foreign PostalM5K 1H1ForeignPostalCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237222740EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Physician's Services Incorporated FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% SAMUEL MOOREInCareOfNm
Business Name ControlPHYSBusinessNameControlTxt
Phone4162266323PhoneNum

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line15G - 4773 Yonge StreetAddressLine1Txt
CityTorontoCityNm
Province Or StateONProvinceOrStateNm
CountryCACountryCd
Foreign PostalM4N 0G2ForeignPostalCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL MOOREPersonNm
Person TitleExecutive DirectorPersonTitleTxt
Phone4162266323PhoneNum
Signature2022-04-28SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMUELPersonFirstNm
Person LastMOOREPersonLastNm
FieldValueIRS element (for citing)
SSN888008888SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL LUNDENBERGPreparerPersonNm
PTINP00177600PTIN
Phone4168650200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Foreign OrganizationYes (X)ForeignOrganizationInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$92,074,512FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$2,645,523DividendsRevAndExpnssAmt
Total Rev And Expnss$2,645,523TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss$247,726OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$185,794OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$75,194PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl$56,397PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$6,392LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$57,272AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$14,318AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$112,628OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$112,634OtherProfFeesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$34,617DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss$14,505OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl$14,505OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$2,982TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$2,982TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$420,075OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$33,242OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$971,391TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$419,872TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$3,919,955ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$3,919,955ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,891,346TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$4,339,827TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,245,823ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$499,138SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$537,453SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$537,453SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$43,644PrepaidExpensesBOYAmt
Prepaid Expenses EOY$38,891PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$38,891PrepaidExpensesEOYFMVAmt
Other Assets BOY$90,389,962OtherAssetsBOYAmt
Other Assets EOY$91,498,168OtherAssetsEOYAmt
Other Assets EOYFMV$91,498,168OtherAssetsEOYFMVAmt
Total Assets BOY$90,932,744TotalAssetsBOYAmt
Total Assets EOY$92,074,512TotalAssetsEOYAmt
Total Assets EOYFMV$92,074,512TotalAssetsEOYFMVAmt
Accounts Payable BOY$222,936AccountsPayableBOYAmt
Accounts Payable EOY$131,519AccountsPayableEOYAmt
Grants Payable BOY$7,583,490GrantsPayableBOYAmt
Grants Payable EOY$7,556,943GrantsPayableEOYAmt
Total Liabilities BOY$7,806,426TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,688,462TotalLiabilitiesEOYAmt
Tot Net Ast Or Fund Balances BOY$83,126,316TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$84,386,050TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$90,932,742TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$92,074,512TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$83,126,316TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,245,823ExcessRevenueOverExpensesAmt
Other Increases$3,505,557OtherIncreasesAmt
Subtotal$84,386,050SubtotalAmt
Tot Net Ast Or Fund Balances EOY$84,386,050TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd
Website Addresspsifoundation.orgWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SAMUEL MOOREBusinessNameLine1Txt

Location Of Books Foreign Address LocationOfBooksForeignAddress

FieldValueIRS element (for citing)
Address Line15G-4773 YONGE STREETAddressLine1Txt
CityTORONTOCityNm
Province Or StateONTARIOProvinceOrStateNm
CountryCACountryCd
Foreign PostalM2N 02GForeignPostalCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonnonePersonNm

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1NONEAddressLine1Txt
CityNONECityNm
Province Or StateNONEProvinceOrStateNm
CountryCACountryCd
Foreign PostalNONEForeignPostalCd
FieldValueIRS element (for citing)
TitlenoneTitleTxt
Average Hrs Per Wk Devoted To Pos0.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdService TypeServiceTypeTxtCompensationCompensationAmt
CONNOR CLARK & LUNN
1400-130 KING ST WTORONTOONCAM5X 1C8INVESTMENT MANAGER$119,793
18 ASSET MANAGEMENT
284 DUNDAS STREET SUITE 218LONDONONCAN6B 1T6INVESTMENT MANAGER$62,192
KPMG
333 BAY STREET STE 4600TORONTOONCAM5H 2S5AUDITOR$19,548
BDO
222 BAY STREET STE 2200TORONTOONCAM5K 1H6BOOKKEEPING$37,723
CREST POINT REAL ESTATE
1400-130 KING STREET WESTTORONTOONCAM5X 1C8INVESTMENT MANAGER$108,263
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$0MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$0DistributableBeforeAdjAmt
Distributable Before Ded$0DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,339,827ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$4,339,827QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$4,339,827AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Prior Year12018PriorYear1Yr
Prior Year22017PriorYear2Yr
Prior Year32016PriorYear3Yr
Qualifying Distributions$4,339,827QualifyingDistributionsAmt
Applied To Current Year$0AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,339,827RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$4,339,827TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$4,339,827ExcessDistriCyovToNextYrAmt
Excess From Current Year$4,339,827ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonSAM MOORERecipientPersonNm

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line15G-4773 YONGE STREETAddressLine1Txt
CityTORONTOCityNm
Province Or StateONTARIOProvinceOrStateNm
CountryCACountryCd
Foreign PostalM4N O2GForeignPostalCd
FieldValueIRS element (for citing)
Recipient Phone4163996259RecipientPhoneNum
Form And Info And MaterialsALL APPLICATIONS ARE SUBMITTED THROUGH AN ONLINE GRANTS MANAGEMENT SYSTEM WWW.PSIFOUNDATION.ORGFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINES. FOUR COMPETITIONS ANNUALLY.SubmissionDeadlinesTxt
Restrictions On AwardsPSI FUNDS CLINICIAN RESEARCHERS IN THE PROVINCE OF ONTARIO.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1See attachedBusinessNameLine1Txt

Recipient Foreign Address RecipientForeignAddress

FieldValueIRS element (for citing)
Address Line1see attachedAddressLine1Txt
Citysee attachedCityNm
Province Or StateONProvinceOrStateNm
CountryCACountryCd
Foreign PostalABC 999ForeignPostalCd
FieldValueIRS element (for citing)
Recipient Foundation StatusIRecipientFoundationStatusTxt
Grant Or Contribution Purposesee attachedGrantOrContributionPurposeTxt
Amt$5,258,620Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,258,620TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion24ExclusionCd
Exclusion$2,645,523ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$2,645,523ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,645,523TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number4LineNumberTxt
Relationship StatementSource of income for grants in medical research fieldRelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Contractor Compensation Expln ContractorCompensationExpln

Contractor Comp Expln ContractorCompExplnGrp (5 entries)

ExplanationExplanationTxt
CONNOR CLARK LUNN
service provider
18 ASSET MANAGEMENT
service provider
KPMG
service provider
BDO
service provider
CREST POINT REAL ESTATE
service provider

Depreciation Schedule DepreciationSchedule

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationN/AExplanationTxt

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