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Nonprofiteer
← PACE OF THE SOUTHERN PIEDMONT INC

Form 990 for tax year 2022

Filed by PACE OF THE SOUTHERN PIEDMONT INC.

Totals

Total revenue
$16,203,941
Total expenses
$14,882,206
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,103,526
Investment income
$100,415
Other revenue
$0
Total assets, end of year
$12,249,656
Total liabilities, end of year
$6,206,091
Net assets or fund balances, end of year
$6,043,565
Program services expenses (Part IX)
$12,264,450
Management and general expenses
$2,617,756
Fundraising expenses
$0
Program service expenses (Part III)
$12,264,450

Program services were 82.4% 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.

  • 2a · Program service revenue: CAPITATION REVENUE

    total $16,103,526 · related or exempt $16,103,526

  • 3 · Investment income

    total $100,415 · excluded $100,415

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,193 · management and general $219,193

  • 7 · Other salaries and wages

    total $3,121,452 · program services $2,593,710 · management and general $527,742

  • 8 · Pension plan contributions

    total $82,253 · program services $67,056 · management and general $15,197

  • 9 · Other employee benefits

    total $253,999 · program services $208,631 · management and general $45,368

  • 10 · Payroll taxes

    total $241,462 · program services $200,153 · management and general $41,309

  • 11a · Fees: management

    total $96,885 · management and general $96,885

  • 11b · Fees: legal

    total $31,431 · management and general $31,431

  • 11c · Fees: accounting

    total $43,571 · management and general $43,571

  • 11g · Fees: other

    total $7,458,534 · program services $6,586,151 · management and general $872,383

  • 12 · Advertising and promotion

    total $65,682 · management and general $65,682

  • 13 · Office expenses

    total $38,827 · management and general $38,827

  • 14 · Information technology

    total $226,701 · program services $116,013 · management and general $110,688

  • 16 · Occupancy

    total $287,541 · program services $230,059 · management and general $57,482

  • 17 · Travel

    total $9,533 · management and general $9,533

  • 21 · Payments to affiliates

    total $38,095 · management and general $38,095

  • 22 · Depreciation, depletion and amortization

    total $276,178 · program services $182,277 · management and general $93,901

  • 23 · Insurance

    total $80,957 · program services $53,432 · management and general $27,525

  • 24a · Other expenses: PHARMACEUTICALS

    total $1,700,699 · program services $1,700,699

  • 24b · Other expenses: OTHER PROGRAM SUPPLIES

    total $162,960 · program services $162,960

  • 24c · Other expenses: MEDICAL EQUIPMENT

    total $145,972 · program services $145,972

  • 24d · Other expenses: RECRUITING

    total $38,344 · management and general $38,344

  • 24e · All other expenses

    total $261,937 · program services $17,337 · management and general $244,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,826,629 · end of year $6,796,855

  • 2 · Savings and temporary cash investments

    beginning of year $1,875,000 · end of year $1,875,000

  • 4 · Accounts receivable

    beginning of year $506,677 · end of year $499,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,897

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

    $3,654,886

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

    $2,997,340

  • 10c · Land, buildings and equipment, net

    beginning of year $573,989 · end of year $657,546

  • 15 · Other assets

    beginning of year $497,943 · end of year $2,420,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,922,110 · end of year $2,416,499

  • 19 · Deferred revenue

    beginning of year $729,237 · end of year $963,898

  • 25 · Other liabilities

    beginning of year $966,958 · end of year $2,825,694

  • 27 · Net assets without donor restrictions

    beginning of year $4,721,830 · end of year $6,043,565

Mission and programs · 2022

Mission

PACE OF THE SOUTHERN PIEDMONT'S MISSION AND VISION IS TO BUILD OUR FUTURE THROUGH TRUSTING RELATIONSHIPS AND CREATING CAPACITY TO CARE AND SERVE THE FRAIL OLDER ADULTS IN OUR COMMUNITY WHO DESIRE TO REMAIN LIVING SAFELY AT HOME.

Activities or mission (Part I)

PACE OF THE SOUTHERN PIEDMONT PROVIDED ACCESS TO CARE AND SERVICES TO ELIGIBLE ADULTS IN MECKLENBURG, CABARRUS, STANLY, AND UNION COUNTIES. WE ADJUSTED OUR SERVICES AMID THE PANDEMIC TO ENSURE OUR PARTICIPANTS' NEEDS WERE MET. WE EXPANDED OUR SERVICES IN THE HOME AND WERE AWARDED A HOME CARE AGENCY LICENSE FOR NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, IN HOME AIDE, COMPANION, AND SITTER CARE. WE IMPLEMENTED VIDEO TECHNOLOGY IN THE HOMES OF SOME PARTICIPANTS. PACE OF THE SOUTHERN PIEDMONT ENROLLED 49 NEW PARTICIPANTS INTO THE PROGRAM AND OVERALL HAD A NET PARTICIPANT INCREASE OF 2 FOR THE YEAR. OUR PARTICIPANT SATISFACTION SURVEY RESULT WAS 92% AND CAREGIVER SATISFACTION WAS 87% SATISFIED.

  • PACE OF THE SOUTHERN PIEDMONT (POSP) IS A PROGRAM OF ALL INCLUSIVE CARE FOR THE ELDERLY. POSP SERVES 55+ YEAR OLDS WHO LIVE IN OUR SERVICE AREA: MECKLENBURG, CABARRUS, STANLY, AND UNION COUNTIES. THE ELIGIBLE PARTICIPANT MUST MEET NURSING HOME LEVEL OF CARE AND LIVE SAFELY IN THE COMMUNITY AT TIME OF ENROLLMENT. POSP'S SERVICES ARE PROVIDED BY AN INTERDISCIPLINARY TEAM CONSISTING OF MEDICAL DOCTORS, NURSE PRACTITIONERS, REGISTERED NURSES, LICENSED PRACTICAL NURSES, CERTIFIED NURSE ASSISTANTS, PHARMACISTS, REGISTERED DIETITIAN, PHYSICAL THERAPIST, OCCUPATIONAL THERAPIST, RECREATIONAL THERAPIST, MASTERS IN SOCIAL WORK, AND PARATRANSIT DRIVERS. POSP OFFERS SERVICES IN AN OUTPATIENT MEDICAL CLINIC, OUTPATIENT THERAPY GYM, ADULT DAY HEALTH CENTER, AND IN THE HOME. POSP PROVIDES ALL MEDICATIONS. POSP COVERS ALL MEDICARE AND MEDICAID COVERED CARE AND SERVICES, AND OTHER SERVICES THAT THE POSP TEAM OF HEALTHCARE PROFESSIONALS DECIDES ARE NECESSARY TO IMPROVE AND MAINTAIN HEALTH.

    Expenses $12,264,450 · Revenue $16,103,526

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert E Spencer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ted W Goins Jr

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kirby Nickerson

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    2

  • Veronica J Feduniec

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Renee Rizzuti

    PRESIDENT

    Total calculated
    $219,193
    From this org
    $209,616
    From related orgs
    $0
    Other
    $9,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,029
    Bonus
    $28,587
    Other
    $0
    Deferred
    $4,598
    Nontaxable benefits
    $4,979
    Filer's total
    $219,193

  • Teresa Satterwhite

    CLINIC SUPERVISOR

    Total calculated
    $141,846
    From this org
    $132,424
    From related orgs
    $0
    Other
    $9,422
    Hours/week
    40

  • Heidi Goss

    OPERATIONS DIRECTOR

    Total calculated
    $127,985
    From this org
    $118,226
    From related orgs
    $0
    Other
    $9,759
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART II:
DURING THE YEAR, RENEE RIZZUTI WAS DIRECTLY EMPLOYED BY ONE MEMBER OF THE ORGANIZATION. THE ORGANIZATION HAD A MANAGEMENT CONTRACT WITH THAT MEMBER WHEREBY IT PAID SUCH MEMBER FOR THE SERVICES RENDERED BY HER TO THE ORGANIZATION. THE AMOUNT REPORTED IN PART II REPRESENTS THE AMOUNTS PAID BY SUCH MEMBERS FOR HER SERVICES TO THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431359349300833

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