Nonprofit · EIN 99-4357431
ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC
Tax-exempt · WASHINGTON, DC 20001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $200,000 | $140,097 | $59,903 | $60,003 | $100 | $59,903 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $200,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,579
- Accounting fees
- $2,416
- Program services (functional)
- $100,000
- Management and general (functional)
- $40,097
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $60,003
- Total liabilities, end of year
- $100
- Net assets, end of year
- $59,903
- Net assets without donor restrictions
- $59,903
- Gross receipts
- $200,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2024
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jonathan S Kostas | President/Sec./Treas. Trustee or director, Officer | 10 | $20,000 |
Address and contacts
- Address (IRS master file)
- 20 F ST NW STE 800, WASHINGTON, DC 20001-6708
- Principal officer (990 for 2024)
- Jonathan S Kostas, 777 6th Street NW 8th Floor, Washington, DC 20001
- Signed the 990
- Jonathan S Kostas, President
- Phone
- (267) 319-5207
- Website
- www.psychedelicsrx.org
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
To educate, advocate, and accelerate access to safe and effective prescription psychedelic therapies for patients who need them most.
Program accomplishments
- SERVE AS THE TRUSTED AND RECOGNIZED INDUSTRY VOICE AT THE NATIONAL AND STATE LEVELS ON PRESCRIPTION PSYCHEDELIC MEDICINE AND ITS INTEGRATION INTO THE HEALTHCARE SYSTEM. DEMONSTRATE THE IMPORTANCE OF GOVERNMENT SPONSORED RESEARCH, PUBLIC-PRIVATE PARTNERSHIPS, PATIENT CENTRICITY, AND HEALTHCARE INFRASTRUCTURE DEVELOPMENT TO SUPPORT THE FOUNDATION OF THIS INNOVATIVE AREA OF MEDICINE. PROMOTE ACCURATE INFORMATION ABOUT PRESCRIPTION PSYCHEDELIC MEDICINE BY EDUCATING POLICYMAKERS, REGULATORS, AND OTHER KEY STAKEHOLDERS ABOUT PSYCHEDELICS AND ENTACTOGENS/EMPATHOGENS AND THE ASSOCIATED MEDICAL CONDITIONS EACH COMPOUND MAY BE ABLE TO TREAT. PRIORITIZE ETHICAL STANDARDS IN RESEARCH, MANUFACTURING, ACCESS, AND ADMINISTRATION OF PRESCRIPTION PSYCHEDELIC MEDICINE TO ENSURE PATIENT SAFETY AND WELL-BEING. SUPPORT PATIENT CENTERED MEDICATION TREATMENT GUIDELINES THAT PRIORITIZE THE NEEDS AND EXPERIENCES OF PATIENTS AND CHAMPION THE ADOPTION OF FDA-APPROVED PRESCRIPTION PSYCHEDELICS PROVIDED BY LICENSED HEALTH CARE PROVIDERS. ADVANCE RESPONSIBLE LEGISLATIVE AND REGULATORY POLICIES THAT DRIVE INNOVATION, INCREASE FUNDING FOR RESEARCH, AND ENHANCE ACCESS AND COVERAGE FOR PRESCRIPTION PSYCHEDELIC MEDICINE. ADVOCATE FOR THE USE OF PRESCRIPTION PSYCHEDELIC MEDICATION BASED ON RIGOROUS SCIENTIFIC RESEARCH, CLINICAL TRIALS, AND EMPIRICAL EVIDENCE, WHILE SUPPORTING ONGOING RESEARCH TO EXPAND THE FIELD OF KNOWLEDGE. FOSTER COLLABORATION AMONG INDUSTRY, ACADEMIC RESEARCHERS, HEALTHCARE PROFESSIONALS, POLICY MAKERS AND PATIENTS TO ADVANCE UNDERSTANDING AND INTEGRATION OF PRESCRIPTION PSYCHEDELIC MEDICINE INTO THE HEALTHCARE SYSTEM. THESE ACTIVITIES WILL BE CONDUCTED BY THE ASSOCIATION OF MEMBERS, AND THEY WILL TAKE PLACE IN-PERSON AT THE UNITED STATES CONGRESS AND FEDERAL GOVERNMENT AND ONLINE. ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS, INC. PLANS TO DEVOTE 85 PERCENT OF ITS TIME TO THE ACTIVITIES PREVIOUSLY OUTLINED AND THE ACTIVITY WILL BE FUNDED THROUGH MEMBER DUES. AND THEY WILL TAKE PLACE IN-PERSON AT THE UNITED STATES CONGRESS AND FEDERAL GOVERNMENT AND ONLINE. ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS, INC. PLANS TO DEVOTE 85 PERCENT OF ITS TIME TO THE ACTIVITIES PREVIOUSLY OUTLINED AND THE ACTIVITY WILL BE FUNDED THROUGH MEMBER DUES.Expenses $100,000 · revenue $200,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-4357431
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2026
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E01)
- Assets (IRS master file)
- $60,003
- Income (IRS master file)
- $200,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $200,000 | $140,097 | $60,003 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-4357431).
Questions about ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC
- What is the EIN of ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC?
- The employer identification number (EIN) of ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC is 99-4357431.
- Is ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2026.
- Are donations to ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC?
- The 990 for the year ended December 31, 2024 names Jonathan S Kostas.
- Who are the officers and directors of ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $20,000 (Jonathan S Kostas, President/Sec./Treas.).
- How much revenue does ASSOCIATION FOR PRESCRIPTION PSYCHEDELICS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $200,000, expenses of $140,097 and total assets of $60,003 at year end.
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