Overview
What is Polk Burnett Payee Inc?
Polk Burnett Payee Inc is a nonprofit organization situated in Shell Lake, Wisconsin. With a primary focus on providing support, they offer Representative Payee and Financial Advocacy services to approximately 144 individuals annually. Their mission is to assist individuals who, for various reasons, find it challenging to manage their financial affairs on a monthly basis. By serving as financial representatives, Polk Burnett Payee Inc helps ensure that their clients' financial needs are met responsibly and effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
Polk Burnett Payee Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement, particularly in its financial transparency. The rating reflects a significant focus on accountability and finance, with the organization scoring well in areas such as having a majority of independent board members and maintaining proper governance policies. However, it falters in financial statement availability and asset management ratios, indicating potential issues in transparency and fiscal stability.
The organization demonstrates strengths in governance, with strong scores for its conflict of interest policy, whistleblower policy, and the maintenance of board meeting minutes. These elements suggest a commitment to ethical practices and oversight. The high program expense ratio implies that a large portion of its budget is allocated to its mission-related activities, which is a positive sign for its operational effectiveness.
On the downside, the lack of published financial statements and missing website links to these documents, as required by IRS regulations, raises concerns about the organization’s financial transparency. The liabilities to assets ratio also indicates a high level of debt compared to its assets, which could pose risks to its financial health and sustainability in the long run. Overall, while Polk Burnett Payee Inc operates with a commitment to governance, it must improve its financial reporting and transparency to enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Polk Burnett Payee Inc legitimate?
Polk Burnett Payee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk Burnett Payee 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: $0
For more financial information, click here
What is the mission statement of Polk Burnett Payee Inc?
Polk Burnett Payee Inc's mission is centered around providing essential financial assistance and advocacy to individuals who find it challenging to manage their finances regularly due to various reasons. The organization serves as a representative payee, managing financial affairs on behalf of these individuals, ensuring their financial well-being. In 2022, they provided this service to an average of 144 individuals. By providing this service, Polk Burnett Payee Inc aims to alleviate financial stress and promote financial stability for those who require assistance.
Who is the CEO of Polk Burnett Payee Inc?
Michael Andrews is the Director of Polk Burnett Payee Inc.
What is the revenue of Polk Burnett Payee Inc?
Polk Burnett Payee Inc's revenue in 2022 was $1,614,225.
Who are the executives of Polk Burnett Payee Inc and what are their salaries?
There 5 volunteers at Polk Burnett Payee Inc.
Here are 5 key members and their salaries:
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- Other: $0
- Compensation: $40,403
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $0
- Other: $0
Where can I find the form 990 for Polk Burnett Payee Inc?
Polk Burnett Payee Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Polk Burnett Payee Inc
Polk Burnett Payee Inc, as a nonprofit organization, is dedicated to providing representative payee and financial advocacy services to individuals who, for various reasons, struggle to manage their monthly finances independently. This mission is crucial in ensuring that these individuals receive and manage their financial resources effectively and responsibly. Polk Burnett Payee Inc serves an average of 144 individuals annually, playing a vital role in their financial well-being. By providing these services, the organization aims to empower and support those who may be vulnerable due to age, disability, or other circumstances that hinder their ability to manage their finances effectively. The organization's work is instrumental in promoting financial stability and independence for its clients, thereby contributing to their overall quality of life.
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Impact
July, 2024
Polk Burnett Payee Inc plays a crucial role in providing representative payee and financial advocacy services to individuals who are unable to manage their financial affairs independently. By offering these services, the organization ensures that vulnerable individuals, for various reasons, receive the support they need to manage their finances effectively each month. In 2022, Polk Burnett Payee Inc served an average of 144 individuals, making a direct impact on the lives of these individuals in Shell Lake, WI. Their mission to assist those who struggle with financial management highlights their commitment to promoting financial stability and well-being within the community.
This information is meant to be a general summary of Polk Burnett Payee 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.
- Program Service Revenue: $1,614,185
- Gross Receipts: $1,614,225
Assets and Liabilities:
- Total Assets: $321,235
- Total Liabilities: $318,196
- Net Assets: $3,039
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
1557006
Revenue
$1,552,596
MONTHLY SERVICE FEE
Revenue
$61,589
Organization Details
Founding Year
2009
Phone
(715) 554-0028Principal Officer
Michael Andrews
Main Address
PO BOX 577, SHELL LAKE, WI, 54871
NTEE Category
Code: P20 - Human services
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