Payee Resource Inc
- Assets
- $147.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mason, MI
- Founding
- 01/2005
- Data as of
- 12/2020
- EIN
- 42-1628091
Organization Overview
Payee Resource Inc is located in Mason, MI. The organization was established in 2005. According to its NTEE Classification (Y02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Payee Resource Inc 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 12/2020, Payee Resource Inc generated $62.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $66.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROVIDING REPRESENTATIVE PAYEE SERVICES FOR CLIENTS UNABLE TO MANAGE THEIR OWN RESOURCES. ADVOCACY SERVICES FOR LOW INCOME INDIVIDUALS. AVERAGE 175 CLIENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Rouse Directortreasurer | 40 | $22,326 | |
Gary Broyles Presidentdirector | 1 | $0 | |
Sarah Dennings Secretarydirector | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $62,273 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,273 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $48,900 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,658 |
| Other expenses | $13,453 |
| Total expenses | $66,011 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,961 |
| Other assets | $0 |
| Total assets | $147,198 |
| Total liabilities | $147,490 |
| Net assets or fund balances | -$292 |