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, 2010 and ending May 31, 2011.
As the figures below indicate, the financial picture of MSPP continues to strengthen. To highlight a few facts: the number of MSPP donors is growing; the school’s expansion has returned new income; expenses have been carefully monitored; scholarship aid totaled $335,000; the Spring Gala raised $93,128; investment gains were $308,370; operating income reached a new high of $1,114,056.
- Increase in net assets–$1,422,426
- Revenue increase over prior year–$2,960,551
- Expense increase over prior year-$2,757,518
- Net assets at beginning of year–$3,987,848
- Net assets at end of year–$5,410,274
| |
2007 |
2008 |
2009 |
2010 |
2011 |
| Revenue |
$6,821,825 |
$7,576,613 |
$8,418,207 |
$12,440,449 |
$15,401,000 |
| Expenses |
$6,297,060 |
$7,223,249 |
$9,014,741 |
$11,221,056 |
$13,978,574 |
| Contributions |
$224,595 |
$300,382 |
$264,674 |
$295,752 |
$395,297 |
For detailed information about our financial statements, please call Patrick Capobianco, Vice President of Finance and Operations, at 617-327-6777 with questions.

Updated
1/24/12