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← PEOPLE-PROVIDING EQUAL OPPORTUNITIES PROMOTING LEARNING

Form 990 for tax year 2022

Filed by PEOPLE-PROVIDING EQUAL OPPORTUNITIES PROMOTING LEARNING.

Totals

Total revenue
$1,850,855
Total expenses
$1,819,167
Contributions and grants received
$861,745
Grants paid
$481,798
Program service revenue
$620,612
Investment income
$368,498
Other revenue
$0
Total assets, end of year
$15,841,110
Total liabilities, end of year
$11,329,546
Net assets or fund balances, end of year
$4,511,564
Program services expenses (Part IX)
$555,955
Management and general expenses
$1,263,212
Fundraising expenses
$0
Program service expenses (Part III)
$555,955

Program services were 30.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $283,890

  • 1f · All other contributions, gifts and grants

    $577,855

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: loan fees/technical assistance/ financial ed classes

    total $244,792 · related or exempt $244,792 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: emergency rental assistance

    total $375,820 · related or exempt $375,820 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $368,498 · related or exempt $368,498 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $481,798 · program services $481,798

  • 5 · Compensation of officers, directors and key employees

    total $266,153 · management and general $266,153

  • 7 · Other salaries and wages

    total $260,369 · management and general $260,369

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $3,360 · management and general $3,360

  • 10 · Payroll taxes

    total $53,862 · management and general $53,862

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 11g · Fees: other

    total $79,811 · management and general $79,811

  • 12 · Advertising and promotion

    total $36,274 · management and general $36,274

  • 13 · Office expenses

    total $33,936 · management and general $33,936

  • 14 · Information technology

    total $107,157 · program services $74,157 · management and general $33,000

  • 16 · Occupancy

    total $111,247 · management and general $111,247

  • 17 · Travel

    total $67,118 · management and general $67,118

  • 19 · Conferences, conventions and meetings

    total $13,856 · management and general $13,856

  • 20 · Interest

    total $31,482 · management and general $31,482

  • 22 · Depreciation, depletion and amortization

    total $40,020 · management and general $40,020

  • 23 · Insurance

    total $3,825 · management and general $3,825

  • 24a · Other expenses: Taxes and Licenses

    total $7,502 · program services $0 · management and general $7,502

  • 24b · Other expenses: PPP expenses

    total $12,397 · program services $0 · management and general $12,397

  • 24c · Other expenses: Dues and Subscriptions

    total $24,762 · program services $0 · management and general $24,762

  • 24d · Other expenses: Bad Debt

    total $178,738 · program services $0 · management and general $178,738

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,197,215 · end of year $971,546

  • 4 · Accounts receivable

    beginning of year $494,718 · end of year $522,207

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $32,897,013 · end of year $12,330,551

  • 10a · Land, buildings and equipment: cost or other basis

    $2,106,561

  • 10b · Land, buildings and equipment: accumulated depreciation

    $89,755

  • 10c · Land, buildings and equipment, net

    beginning of year $1,258,958 · end of year $2,016,806

  • 14 · Intangible assets

    beginning of year $21,967

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,016 · end of year $23,405

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    beginning of year $648,025 · end of year $452,006

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $34,716,954 · end of year $10,854,135

  • 27 · Net assets without donor restrictions

    beginning of year $4,479,876 · end of year $4,511,564

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PROVIDE FINANCIAL PRODUCTS AND SERVICES TO THE LOW AND MODERATE INCOME COMMUNITIES.

  • PROVIDE TECHNICAL ASSISTANCE /FINANCIAL EDUCATION /CONSU MER AND BUSINESS LOAN TO SMALL BUSINESS.

    Expenses $239,448 · Grants $165,291 · Revenue $244,792

  • EMERGENCY RENTAL ASSISTANCE

    Expenses $316,507 · Grants $316,507 · Revenue $375,820

As filed on the 2022 return.

Listed in Part VII

  • Arlo Washington

    PRESIDENT

    Total calculated
    $75,000
    From this org
    $75,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Kimberly Odell

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Alexia Mahomes

    Underwriter

    Total calculated
    $47,077
    From this org
    $47,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rashanda Smith

    Manager

    Total calculated
    $42,476
    From this org
    $42,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Erica Baldwin

    ADMINISTRATIVE ASSISTANT

    Total calculated
    $41,600
    From this org
    $41,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333169349300913

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