Pcs For People
- Assets
- $20.6m
- Revenue
- $25.0m
- Investments
- $2.0m
- Employees
- 389
- Location
- St Paul, MN
- Founding
- 06/2008
- Data as of
- 04/2023
- EIN
- 26-2066045
Organization Overview
Pcs For People is located in St Paul, MN. The organization was established in 2008. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 04/2023, Pcs For People employed 389 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pcs For People is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Pcs For People generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $25.7m during the year ending 04/2023. While expenses have increased by 45.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ELECTRONIC REUSE, PCS FOR PEOPLE PROVIDES THE OPPORTUNITY FOR ALL INDIVIDUALS, FAMILIES, AND NONPROFITS WITH LOW INCOME TO BENEFIT FROM THE LIFE-CHANGING IMPACT OF COMPUTERS, INTERNET, AND DIGITAL SKILLS. IN FY 2022-23, PCS FOR PEOPLE DISTRIBUTED MORE THAN 58,000 COMPUTERS TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOURCE, REFURBISH, DISTRIBUTE, AND SUPPORTSOURCE: OUR ABILITY TO DISTRIBUTE AFFORDABLE TECHNOLOGY IS DEPENDENT ON OUR RECYCLING PARTNERSHIPS. WE OFFER A NATION-WIDE FREE END-OF-LIFE IT SERVICE OFFERING THAT INCLUDES NAID AAA-CERTIFIED DATA SANITIZATION AND R2-CERTIFIED SUSTAINABLE ELECTRONICS RECYCLING. REFURBISH: THE DONATED TECHNOLOGY IS SECURELY PROCESSED IN OUR WAREHOUSES. COMPUTERS AND THEN ARE CLEANED, PROCESSED THROUGH A STRINGENT QUALITY CHECK, AND INSTALLED WITH A NEW OPERATING SYSTEM. DISTRIBUTE: AFFORDABLE HIGH-QUALITY COMPUTERS ARE DISTRIBUTED TO INCOME QUALIFIED INDIVIDUALS THROUGH OUR RETAIL STORES, ONLINE, AND THROUGH NATIONAL DISTRIBUTION EVENTS. CONTINUED ON SCHEDULE O. SUPPORT: ONCE A CUSTOMER HAS RECEIVED A COMPUTER, IT IS IMPORTANT THAT THEY ARE CONFIDENT IN THEIR PURCHASE AND FEEL SUPPORTED. EACH COMPUTER COMES WITH A 1-YEAR HARDWARE WARRANTY, FREE DIGITAL LITERACY TRAINING, AND PHONE SUPPORT. IN FY 2022-23, PCS FOR PEOPLE COLLECTED OVER 104,000 COMPUTERS AND LAPTOPS. MORE THAN 58,000 OF THESE COMPUTERS WERE REFURBISHED AND DISTRIBUTED TO LOW-INCOME FAMILIES AND INDIVIDUALS. PCS FOR PEOPLE ALSO SUPPORTED THE COMPUTERS DISTRIBUTED WITH WARRANTY REPAIRS AND OFFERED DISCOUNTED REPAIRS AFTER THE WARRANTY PERIOD. REPAIRS WERE $25 AND ANY PARTS NEEDED WERE FREE. IN FY 2022-23, OVER 2,906 REPAIRS WERE COMPLETED AT AN AVERAGE COST OF $10.68 PER REPAIR.
MOBILE INTERNET SERVICEPCS FOR PEOPLE OFFERS NATIONWIDE LOW-COST HIGH SPEED 4G LTE MOBILE INTERNET SERVICE PROVIDED BY MOBILE BEACON AND MOBILE CITIZEN. PLANS ARE PREPAID WITH NO CREDIT CHECK OR HIDDEN FEES FOR INCOME ELIGIBLE INDIVIDUALS. IN FY 2022-23, PCS FOR PEOPLE OFFERED LOW-COST HIGH SPEED 4G LTE INTERNET TO MORE THAN 150,000 ELIGIBLE HOUSEHOLDS.
PCS FOR PEOPLE OFFERS IN-HOUSE, LOW-COST HIGH SPEED FIXED INTERNET SERVICE IN 9 STATES. SERVICE IS FIXED AT $15 A MONTH AND HOUSEHOLDS WHO ARE INCOME ELIGIBLE TO ENROLL IN THE AFFORDABILITY CONNECTIVITY PROGRAM (ACP) CAN HAVE THIS FEE COVERED. IN FY 2022-23, PCS FOR PEOPLE'S FIXED INTERNET SERVICE CONSISTS OF NEARLY 50 NETWORK TOWERS AND 10 MULTI-DWELLING UNITS (MDUS) COVERING MORE THAN 56,000 HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrainne Benton Furniss Board Member | Trustee | 2 | $0 |
Alexander Mcgruder Board Member | Trustee | 1 | $0 |
Andrew Elofson Chairman Of The Board / Fo | OfficerTrustee | 10 | $0 |
Brendt Rusten Board Member | Trustee | 1 | $0 |
Jeff Shellberg Treasurer | OfficerTrustee | 2 | $0 |
Jeffrey Kannas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,204,250 |
| Noncash contributions included in lines 1a–1f | $7,853,354 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,204,250 |
| Total Program Service Revenue | $1,473,110 |
| Investment income | $152,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $809 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,201,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,032,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,853,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $363,247 |
| Compensation of current officers, directors, key employees. | $143,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,171,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $569,712 |
| Payroll taxes | $86,108 |
| Fees for services: Management | $59,137 |
| Fees for services: Legal | $91,563 |
| Fees for services: Accounting | $55,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $139,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,932 |
| Advertising and promotion | $166,509 |
| Office expenses | $283,721 |
| Information technology | $71,407 |
| Royalties | $0 |
| Occupancy | $1,017,736 |
| Travel | $225,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,856 |
| Interest | $27,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $790,787 |
| Insurance | $194,894 |
| All other expenses | $31,280 |
| Total functional expenses | $25,687,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,126,711 |
| Savings and temporary cash investments | $501,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,140,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,552,705 |
| Prepaid expenses and deferred charges | $119,175 |
| Net Land, buildings, and equipment | $7,410,594 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,985,372 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $750,288 |
| Total assets | $20,587,247 |
| Accounts payable and accrued expenses | $11,081,188 |
| Grants payable | $0 |
| Deferred revenue | $285,241 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $486,865 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $736,620 |
| Total liabilities | $12,589,914 |
| Net assets without donor restrictions | $6,980,426 |
| Net assets with donor restrictions | $1,016,907 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,587,247 |