Annual Report

Financial Statement

The following are highlights from audited Financial Statements for the Massachusetts School of Professional Psychology, Inc. for the fiscal year beginning June 1, 2006 and ending May 31, 2007.

As the figures below indicate, the financial picture of MSPP continues to strengthen. To highlight a few facts: MSPP donors are growing in number; the school’s expansion has returned new income, while expenses have been carefully monitored; scholarship aid reached a new high of $233,050; the Spring Gala in support of the Freedman Center raised $103,000, of which 70 percent was available for program support. This year, operations and investment gains were on par for the first time in many years.

For detailed information about our financial statements, please call Patrick Capobianco, Vice President Finance and Operations, at 617-327-6777 with questions.

June 1, 2006 and ending May 31, 2007

Increase in Net Assets	$524,765
Revenue increase over prior year	$1,125,528
Expense increase over prior year	$945,135
Net Assets at beginning of year	$2,603,710
Net Assets at end of year	$3,128,475

Updated 1/28/08