Overview
What is People-Providing Equal Opportunities Promoting Learning?
People-Providing Equal Opportunities Promoting Learning, or simply PEOPL, is a nonprofit organization located in Little Rock, Arkansas. With 16 dedicated employees, PEOPL focuses on providing financial assistance and education to small businesses and low- to moderate-income communities. Their mission involves offering technical assistance, financial education, and consumer and business loans. This nonprofit organization aims to empower these communities by offering financial products and services, thereby fostering economic growth and equality.
Official website here: wwww.peopletrustloans.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
People-Providing Equal Opportunities Promoting Learning has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with an overall score of 71%. This rating reflects strengths in governance, such as having 100% independent board members and a robust audit and oversight committee, which suggests a commitment to accountability and transparency in financial reporting.
However, the organization faces significant limitations, especially regarding policies that protect against conflicts of interest and the availability of financial documents on its website. The lack of a conflict of interest policy and missing tax forms contribute to lower scores in these areas, which can undermine stakeholder confidence. Additionally, while the program expense ratio is reasonably strong at 64.83%, the liabilities to assets ratio indicates potential financial strain.
Overall, while People-Providing Equal Opportunities Promoting Learning demonstrates some organizational strengths, particularly in board independence and oversight, the absence of critical policies and transparency measures highlights areas that require attention for better performance and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is People-Providing Equal Opportunities Promoting Learning legitimate?
People-Providing Equal Opportunities Promoting Learning is a legitimate nonprofit organization registered as a 501(c)(3) entity. People-Providing Equal Opportunities Promoting Learning 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: $266,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $260,369
For more financial information, click here
Official website here: wwww.peopletrustloans.org
What is the mission statement of People-Providing Equal Opportunities Promoting Learning?
People-Providing Equal Opportunities Promoting Learning is an organization committed to providing financial products and services to low and moderate-income communities. Their mission is to extend this support through the provision of technical assistance, financial education, and consumer and business loans to small businesses. This endeavor aims to empower these communities, fostering financial stability and economic growth.
Official website here: wwww.peopletrustloans.org
Who is the CEO of People-Providing Equal Opportunities Promoting Learning?
Arlo Washington is the President of People-Providing Equal Opportunities Promoting Learning.
Official website here: wwww.peopletrustloans.org
What is the revenue of People-Providing Equal Opportunities Promoting Learning?
People-Providing Equal Opportunities Promoting Learning's revenue in 2022 was $1,850,855.
Official website here: wwww.peopletrustloans.org
Who are the executives of People-Providing Equal Opportunities Promoting Learning and what are their salaries?
The average compensation at People-Providing Equal Opportunities Promoting Learning during 2022 was $32,908. There are 16 employees and 10 volunteers at People-Providing Equal Opportunities Promoting Learning.
Here are 5 key members and their salaries:
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $47,077
- Related: $0
- Other: $0
- Compensation: $42,476
- Related: $0
- Other: $0
- Compensation: $41,600
- Related: $0
- Other: $0
Official website here: wwww.peopletrustloans.org
Where can I find the form 990 for People-Providing Equal Opportunities Promoting Learning?
People-Providing Equal Opportunities Promoting Learning's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: wwww.peopletrustloans.org
Learn more at the official website: wwww.peopletrustloans.org
Mission Statement of People-Providing Equal Opportunities Promoting Learning
People-Providing Equal Opportunities Promoting Learning, often referred to as PEOPL, is committed to providing financial products and services to low and moderate income communities. Their mission is centered around extending these resources to individuals who may otherwise be underserved. To accomplish this, PEOPL offers technical assistance, financial education, and both consumer and business loans to small businesses. By doing so, they aim to empower these communities and contribute to their economic growth and stability.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
People-Providing Equal Opportunities Promoting Learning plays a crucial role in advancing economic stability and growth within low and moderate-income communities. By offering financial products and services, the organization addresses critical barriers to economic participation, empowering individuals and families to achieve their goals.
The impact is particularly significant in the realm of technical assistance and financial education. By equipping community members with essential financial knowledge and skills, the organization fosters greater financial literacy, enabling them to make informed decisions. This education helps individuals manage their finances effectively, build credit, and ultimately achieve financial independence.
Additionally, the provision of consumer and business loans to small businesses stimulates entrepreneurship in the area. Small business owners gain access to the capital they need to start or expand their enterprises, which not only contributes to individual financial growth but also stimulates job creation and economic vitality within the community.
Furthermore, this initiative emphasizes youth development, ensuring that the next generation is prepared to navigate financial challenges successfully. By instilling financial literacy in young people, the organization helps create a foundation for lifelong financial well-being, ultimately contributing to a more equitable and prosperous society.
Overall, People-Providing Equal Opportunities Promoting Learning significantly enhances the economic landscape of Little Rock, AR, by fostering financial inclusion, supporting small businesses, and developing the financial skills of youth.
This information is meant to be a general summary of People-Providing Equal Opportunities Promoting Learning. 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: $368,498
- Program Service Revenue: $620,612
- Gross Receipts: $1,850,855
Assets and Liabilities:
- Total Assets: $15,841,110
- Total Liabilities: $11,329,546
- Net Assets: $4,511,564
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
loan fees/technical assistance/ financial ed classes
Revenue
$244,792
emergency rental assistance
Revenue
$375,820
Organization Details
Founding Year
2016
Phone
(501) 404-4855Principal Officer
Arlo Washington
Main Address
5300 WEST 65TH STREET, LITTLE ROCK, AR, 72209
Website
wwww.peopletrustloans.orgNTEE Category
Code: O50 - Youth development
If you are a representative of People-Providing Equal Opportunities Promoting Learning and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.