Payee Central Inc
- Assets
- $35.6k
- Revenue
- $292.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Alexandria, MN
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 54-2148150
Organization Overview
Payee Central Inc is located in Alexandria, MN. The organization was established in 2004. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Payee Central Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Payee Central 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 12/2021, Payee Central Inc generated $292.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $283.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PAYEE CENTRAL IS A NON PROFIT CORPORATION AS REQUIRED BY THE SOCIAL SECURITY ADMINISTRATION TO ACT AS A REPRESENTATIVE PAYER FOR SOCIAL SECURITY AND SSI BENEFICIARIES WHO NEED ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYEE CENTRAL IS A NON PROFIT CORPORATION AS REQUIRED BY THE SOCIAL SECURITY ADMINISTRATION TO ACT AS A REPRESENTATIVE PAYER FOR SOCIAL SECURITY AND SSI BENEFICIARIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Anderson Treasurer | OfficerTrustee | 0.5 | $0 |
John Widmark President | OfficerTrustee | 20 | $0 |
Jeff Montgomery Director | Trustee | 0.5 | $0 |
Jakob Widmark Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $292,889 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,914 |
| 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 | $125,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,883 |
| Payroll taxes | $11,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $1,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,919 |
| Information technology | $10,929 |
| Royalties | $0 |
| Occupancy | $26,899 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,556 |
| All other expenses | $125 |
| Total functional expenses | $283,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80 |
| 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 | $29,019 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,614 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $46,033 |
| Other liabilities | $0 |
| Total liabilities | $46,033 |
| Net assets without donor restrictions | -$10,419 |
| Net assets with donor restrictions | $0 |
| 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 | $35,614 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Emergency Services Inc Minneapolis, MN | $2,368,068 | $2,544,254 |
Successlink Inc Waterloo, IA | $1,100,580 | $1,981,543 |
Hope Honoring Opportunities For Personal Empowerment West Des Moines, IA | $413,285 | $1,227,796 |
Big Brothers Big Sisters Of Southern Minnesota Owatonna, MN | $2,418,811 | $1,312,210 |
Amyotrophic Lateral Sclerosis Association West Des Moines, IA | $1,135,191 | $1,214,799 |
Side By Side Ministries Inc Le Mars, IA | $130,968 | $686,862 |
Healing The Culture Rapid City, SD | $1,117,795 | $882,632 |
Higher Power Automotive Ministries Inc Moorhead, MN | $144,841 | $574,989 |
Supportive Community Services Llc Milwaukee, WI | $906,641 | $577,651 |
Minnesota Transportation Alliance Saint Paul, MN | $890,916 | $574,369 |
Mind Body Solutions St Louis Park, MN | $937,590 | $479,224 |
Global Mother Divine Organization-Usa Fairfield, IA | $402,164 | $348,086 |