Solutions That Empower People Inc
- Assets
- $3.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 84
- Location
- Rocky Mount, VA
- Founding
- 09/1966
- Data as of
- 06/2023
- EIN
- 54-0801556
Organization Overview
Solutions That Empower People Inc is located in Rocky Mount, VA. The organization was established in 1966. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Solutions That Empower People Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solutions That Empower People 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 06/2023, Solutions That Empower People Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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
SOLUTIONS THAT EMPOWER PEIOPLE, INC. (STEP) IS A NON-PROFIT CORPORATION ORGANIZED TO PLAN AND COORDINATE PROGRAMS DESIGNED TO COMBAT PROBLEMS OF POVERTY AND SEEK THE ELIMINATION OR REDUCTION OF CONDITIONS OF POVERTY AS THEY AFFECT THE INHABITANTS OF THE COMMUNITIES OF THE FOLLOWING COUNTIES: FRANKLIN, PATRICK, HENRY, BEDFORD, AND PITTSYLVANIA AS WELL AS THE CITIES OF MARTINSVILLE AND DANVILLE. IN ADDITION, STEP PROVIDES HOUSING ASSISTANCE AND FUEL ASSISTANCE TO ADULTS IN NEED THROUGHOUT THE SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START: TO PROMOTE SCHOOL READINESS BY ENHANCING THE SOCIAL AND COGNITIVE DEVELOPMENT OF LOW-INCOME CHILDREN, INCLUDING CHILDREN OF FEDERAL RECOGNIZED RESERVATIONS AND CHILDREN OF MIGRATORY FARM WORKERS, THROUGH THE PROVISION OF COMPREHENSIVE HEALTH, EDUCATIONAL, NUTRITIONAL, SOCIAL AND OTHER SERVICES; AND TO INVOLVE PARENTS IN THEIR CHILDREN'S LEARNING AND TO HELP PARENTS MAKE PROGRESS TOWARDS EDUCATIONAL, LITERACY AND EMPLOYMENT GOALS. HEAD START ALSO EMPHASIZES THE SIGNIFCANT INVOLVEMENT OF PARENTS IN THE ADMINISTRATION OF THEIR LOCAL HEAD START PROGRAMS.
OTHER PROGRAMS INCLUDE: YOUTH SERVICES, HOMELESS PREVENTION, ETC.
HOUSING: PROVIDING SECTION 8 HOUSING ASSISTANCE AS WELL AS HEATING AND COOLING ENERGY ASSISTANCE TO LOW-INCOME FAMILIES AND INDIVIDUALS.
SENIOR SERVICES: PROVIDING SERVICES, SUCH AS MEALS ON WHEELS, TRANSPORTATION, AND OTHER SERVICES TO SENIORS WITHIN THE COMMUNITIES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Cooper Brown Member | Trustee | 2 | $0 |
Michael Ferguson Member | Trustee | 2 | $0 |
Heather Kesterson Treasurer | OfficerTrustee | 3 | $0 |
Betty Kingery Member | Trustee | 2 | $0 |
Brandy Mckenzie Member | Trustee | 2 | $0 |
Rita Murphy Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,831,132 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,846,944 |
| Total Program Service Revenue | $0 |
| Investment income | $260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,865,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,851,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $327,658 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,309 |
| Office expenses | $25,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,340 |
| Travel | $85,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,962 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,368 |
| Insurance | $44,240 |
| All other expenses | $243,933 |
| Total functional expenses | $4,680,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $387,183 |
| Accounts receivable, net | $41,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,882,927 |
| Investments—publicly traded securities | $152,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,893 |
| Total assets | $3,215,941 |
| Accounts payable and accrued expenses | $333,537 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $885,785 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,893 |
| Total liabilities | $1,233,215 |
| Net assets without donor restrictions | $1,916,054 |
| Net assets with donor restrictions | $66,672 |
| 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 | $3,215,941 |