Overview
What is People Incorporated Financial Services Inc?
People Incorporated Financial Services Inc, based in Abingdon, Virginia, is a nonprofit organization with a mission to foster economic self-sufficiency and improve the lives of local citizens. They achieve this by supporting small business ownership, job creation, and asset development. The organization provides various services, including business and financial literacy training, individual technical assistance, and marketing support, to entrepreneurs and others within the region. Their primary activity involves offering small business development lending and training services to 58 entrepreneurs, empowering them to manage their businesses successfully.
Official website here: www.peopleinc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
People Incorporated Financial Services Inc has achieved an impressive 100% rating on Charity Navigator, reflecting exceptional performance in accountability and finance. This rating highlights the organization’s strong governance structure, with a completely independent board and comprehensive oversight mechanisms in place. The charity's commitment to transparency is evident through its adherence to policies such as conflict of interest, whistleblower protections, and proper documentation practices.
The organization demonstrates a solid financial standing, indicated by a favorable liabilities-to-assets ratio of 29.35%. Furthermore, it allocates 82.53% of its expenses directly to programs, ensuring that the majority of its resources are directed toward fulfilling its mission. This approach not only showcases financial efficiency but also reinforces the charity's dedication to making a meaningful impact in the community it serves.
While no significant limitations were noted in the data, the consistently high ratings suggest that People Incorporated Financial Services Inc maintains robust operational practices. Overall, the organization's high accountability and financial management scores position it as a reliable choice for donors seeking to support a nonprofit with a strong commitment to ethical practices and effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is People Incorporated Financial Services Inc legitimate?
People Incorporated Financial Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. People Incorporated Financial Services Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $746,782
For more financial information, click here
Official website here: www.peopleinc.net
What is the mission statement of People Incorporated Financial Services Inc?
People Incorporated Financial Services Inc aims to foster economic self-sufficiency and improve the quality of life for its community members. They accomplish this by encouraging small business ownership, job creation, and asset development. To support this objective, the organization offers business and financial literacy training, individual technical assistance, and marketing services to entrepreneurs and others in the region. By doing so, People Incorporated Financial Services Inc aims to empower individuals, contributing to a more prosperous and self-reliant community.
Official website here: www.peopleinc.net
Who is the CEO of People Incorporated Financial Services Inc?
Brian Phipps is the Director of People Incorporated Financial Services Inc. The CEO's salary of People Incorporated Financial Services Inc is $0 and their total compensation is $0.
Official website here: www.peopleinc.net
What is the revenue of People Incorporated Financial Services Inc?
People Incorporated Financial Services Inc's revenue in 2022 was $4,663,057.
Official website here: www.peopleinc.net
Who are the executives of People Incorporated Financial Services Inc and what are their salaries?
Here are 12 key members and their salaries (People Incorporated Financial Services Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.peopleinc.net
Where can I find the form 990 for People Incorporated Financial Services Inc?
People Incorporated Financial Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peopleinc.net
Learn more at the official website: www.peopleinc.net
Mission Statement of People Incorporated Financial Services Inc
People Incorporated Financial Services Inc is dedicated to enhancing the economic self-sufficiency and improving the quality of life for citizens in the region. To achieve this objective, the organization focuses on fostering small business ownership, creating jobs, and promoting asset development. In support of these goals, People Financial Services offers a range of resources to entrepreneurs and individuals across the region. These include business and financial literacy training, individual technical assistance, and marketing services. By providing these services, the organization aims to empower individuals and contribute to a more prosperous community.
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Impact
July, 2024
People Incorporated Financial Services Inc's impact is substantial in promoting economic self-sufficiency and enhancing the quality of life for citizens in the region through small business ownership, job creation, and asset development. By providing business and financial literacy training, individual technical assistance, and marketing services to entrepreneurs and others throughout the region, this organization is empowering individuals to take control of their financial futures.
In particular, People Incorporated Financial Services Inc has facilitated small business development lending and training services for 58 entrepreneurs, enabling them to successfully manage their own businesses. Through these efforts, the organization is contributing to the growth of local businesses, fostering job opportunities, and supporting the overall economic prosperity of the community. Their dedication to promoting entrepreneurship and financial education is driving positive change and improvement in the region.
This information is meant to be a general summary of People Incorporated Financial Services Inc. 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: $194,407
- Gross Receipts: $4,663,057
Assets and Liabilities:
- Total Assets: $9,830,118
- Total Liabilities: $2,360,936
- Net Assets: $7,469,182
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Organization Details
Founding Year
2000
Phone
(276) 623-9000Principal Officer
Brian Phipps
Main Address
1173 WEST MAIN STREET, ABINGDON, VA, 24210
Website
www.peopleinc.netNTEE Category
Code: S22 - Community improvement
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