Overview
What is Payee Central Inc?
Payee Central Inc, located in Alexandria, Minnesota, is a nonprofit organization with a mission to assist Social Security and SSI beneficiaries who require help in managing their funds. Required by the Social Security Administration, Payee Central Inc acts as a representative payee, ensuring the proper allocation and utilization of their benefits. With a minimal workforce of two individuals, this nonprofit corporation plays a crucial role in supporting vulnerable individuals who may need assistance with financial management.
Official website here: www.payeecentral.com
Is Payee Central Inc legitimate?
Payee Central Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Payee Central 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: $193,104
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Official website here: www.payeecentral.com
What is the mission statement of Payee Central Inc?
Payee Central Inc, as a non-profit corporation, is mandated by the Social Security Administration to serve as a Representative Payee for beneficiaries of Social Security and SSI who require assistance. Its primary mission is to manage and distribute these benefits on behalf of the beneficiaries, ensuring their financial well-being and security. Payee Central Inc aims to provide a reliable and trustworthy service, acting as a bridge between the beneficiaries and the Social Security Administration. The organization's goals include protecting the financial interests of the beneficiaries, ensuring their needs are met, and providing peace of mind to their families and caregivers.
Official website here: www.payeecentral.com
What is the revenue of Payee Central Inc?
Payee Central Inc's revenue in 2024 was $408,174.
Official website here: www.payeecentral.com
Who are the executives of Payee Central Inc and what are their salaries?
The average compensation at Payee Central Inc during 2024 was $64,368. There are 3 employees at Payee Central Inc.
Here are 5 key members and their salaries:
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Official website here: www.payeecentral.com
Where can I find the form 990 for Payee Central Inc?
Payee Central Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.payeecentral.com
Learn more at the official website: www.payeecentral.com
Mission Statement of Payee Central Inc
Payee Central Inc, serving as a non-profit corporation, is mandated by the Social Security Administration to act as a Representative Payee for Social Security and SSI beneficiaries who require assistance. The organization's mission is centered around ensuring the financial well-being of these individuals by managing their benefits on their behalf. Payee Central Inc plays a crucial role in safeguarding the financial interests of vulnerable beneficiaries, ensuring that their funds are used for essential needs and living expenses. The corporation's primary objective is to promote financial stability and independence for these beneficiaries, thereby improving their overall quality of life.
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Impact
October, 2024
Payee Central Inc plays a crucial role in supporting Social Security and SSI beneficiaries who require assistance in managing their benefits. By acting as a representative payee, the organization helps ensure that individuals receive their financial support in a responsible and timely manner. This service is essential for beneficiaries who may struggle with managing their finances, allowing them to focus on their well-being without the added stress of financial mismanagement.
Located in Alexandria, MN, Payee Central Inc contributes significantly to the community by providing vital services that promote financial stability among vulnerable populations. Through its mission, the organization not only facilitates access to necessary resources but also empowers beneficiaries by helping them navigate their financial obligations. In doing so, it helps to enhance the quality of life for individuals who may otherwise face challenges in managing their finances, ensuring that they can meet their essential needs.
This information is meant to be a general summary of Payee Central 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 2024.
- Investment Income: $23
- Program Service Revenue: $408,151
- Gross Receipts: $408,174
Assets and Liabilities:
- Total Assets: $8,890
- Total Liabilities: $6,610
- Net Assets: $2,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REPRESENTATIVE PAYEE
Revenue
$408,151
Organization Details
Founding Year
2004
Principal Officer
John Widmark
Website
www.payeecentral.comNTEE Category
Code: P50 - Human services
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