Form 990 for tax year 2022

Filed by PCS FOR PEOPLE.

Totals

Total revenue: $25,032,144
Total expenses: $25,687,470
Contributions and grants received: $19,204,250
Grants paid: $7,853,875
Program service revenue: $1,473,110
Investment income: $152,632
Other revenue: $4,202,152
Total assets, end of year: $20,587,247
Total liabilities, end of year: $12,589,914
Net assets or fund balances, end of year: $7,997,333
Program services expenses (Part IX): $22,251,280
Management and general expenses: $2,801,952
Fundraising expenses: $634,238
Program service expenses (Part III): $22,251,280

Program services were 86.6% 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.

1f · All other contributions, gifts and grants

$19,204,250
1g · Noncash contributions included above

$7,853,354
2a · Program service revenue: COMPUTER RECYCLING

total $780,188 · related or exempt $780,188
2b · Program service revenue: MAR LICENSE REVENUE

total $466,661 · related or exempt $466,661
2c · Program service revenue: WISPY SERVICE & REPAIRS

total $93,331 · related or exempt $93,331
2d · Program service revenue: OTHER PROGRAM SERVICE REV

total $77,111 · related or exempt $77,111
2e · Program service revenue: KIDS-EDUCATIONAL SERVICES

total $55,819 · related or exempt $55,819
3 · Investment income

total $152,632 · excluded $152,632
6a · Gross rents

real property $809
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $809
6d · Net rental income or loss

total $809 · related or exempt $809
10a · Gross sales of inventory

$9,945,778
10b · Cost of goods sold

$5,744,435
10c · Net income from sales of inventory

total $4,201,343 · related or exempt $4,201,343

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $7,853,875 · program services $7,853,875
5 · Compensation of officers, directors and key employees

total $363,247 · program services $174,044 · management and general $143,344 · fundraising $45,859
7 · Other salaries and wages

total $9,171,141 · program services $7,881,956 · management and general $976,711 · fundraising $312,474
9 · Other employee benefits

total $569,712 · program services $272,968 · management and general $224,819 · fundraising $71,925
10 · Payroll taxes

total $86,108 · program services $41,257 · management and general $33,980 · fundraising $10,871
11a · Fees: management

total $59,137 · program services $59,137
11b · Fees: legal

total $91,563 · management and general $91,563
11c · Fees: accounting

total $55,772 · management and general $55,772
11e · Fees: professional fundraising services

total $139,600 · fundraising $139,600
11g · Fees: other

total $90,932 · program services $43,569 · management and general $35,883 · fundraising $11,480
12 · Advertising and promotion

total $166,509 · management and general $166,509
13 · Office expenses

total $283,721 · program services $151,378 · management and general $132,343
14 · Information technology

total $71,407 · program services $71,407
16 · Occupancy

total $1,017,736 · program services $712,416 · management and general $305,320
17 · Travel

total $225,018 · program services $114,039 · management and general $110,979
19 · Conferences, conventions and meetings

total $30,856 · management and general $30,856
20 · Interest

total $27,330 · management and general $27,330
22 · Depreciation, depletion and amortization

total $790,787 · program services $553,551 · management and general $237,236
23 · Insurance

total $194,894 · program services $129,283 · management and general $65,611
24a · Other expenses: PROGRAM SERVICE EXPENSE

total $3,969,412 · program services $3,969,412
24b · Other expenses: OTHER WAGE EXP

total $332,909 · program services $159,508 · management and general $131,372 · fundraising $42,029
24c · Other expenses: OTHER BUSINESS EXPENSE

total $36,136 · program services $23,899 · management and general $12,237
24d · Other expenses: VOLUNTEER/SPONSORSHIP E

total $28,388 · program services $18,831 · management and general $9,557
24e · All other expenses

total $31,280 · program services $20,750 · management and general $10,530

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,318,126 · end of year $6,126,711
2 · Savings and temporary cash investments

beginning of year $3,968,016 · end of year $501,748
4 · Accounts receivable

beginning of year $676,009 · end of year $1,140,654
8 · Inventories for sale or use

beginning of year $3,057,225 · end of year $2,552,705
9 · Prepaid expenses and deferred charges

beginning of year $413,427 · end of year $119,175
10a · Land, buildings and equipment: cost or other basis

$8,862,351
10b · Land, buildings and equipment: accumulated depreciation

$1,451,757
10c · Land, buildings and equipment, net

beginning of year $4,857,396 · end of year $7,410,594
12 · Investments: other securities

beginning of year $983,560 · end of year $1,985,372
15 · Other assets

beginning of year $51,827 · end of year $750,288
17 · Accounts payable and accrued expenses

beginning of year $2,095,047 · end of year $11,081,188
19 · Deferred revenue

beginning of year $565,338 · end of year $285,241
23 · Secured mortgages and notes payable

beginning of year $817,527 · end of year $486,865
25 · Other liabilities

beginning of year $0 · end of year $736,620
27 · Net assets without donor restrictions

beginning of year $11,314,291 · end of year $6,980,426
28 · Net assets with donor restrictions

beginning of year $1,533,383 · end of year $1,016,907

Mission and programs · 2022

Mission

FOUNDED IN 1998, PCS FOR PEOPLE WAS CREATED TO PROVIDE THE OPPORTUNITY FOR LOW-INCOME INDIVIDUALS AND NONPROFITS TO BENEFIT FROM THE LIFE CHANGING IMPACT OF COMPUTERS, MOBILE INTERNET, AND DIGITAL LITERACY.

Activities or mission (Part I)

THROUGH ELECTRONIC REUSE, PCS FOR PEOPLE PROVIDES THE OPPORTUNITY FOR ALL INDIVIDUALS, FAMILIES, AND NONPROFITS WITH LOW INCOME TO BENEFIT FROM THE LIFE-CHANGING IMPACT OF COMPUTERS, INTERNET, AND DIGITAL SKILLS. IN FY 2022-23, PCS FOR PEOPLE DISTRIBUTED MORE THAN 58,000 COMPUTERS TO THOSE IN NEED.

SOURCE, REFURBISH, DISTRIBUTE, AND SUPPORTSOURCE: OUR ABILITY TO DISTRIBUTE AFFORDABLE TECHNOLOGY IS DEPENDENT ON OUR RECYCLING PARTNERSHIPS. WE OFFER A NATION-WIDE FREE END-OF-LIFE IT SERVICE OFFERING THAT INCLUDES NAID AAA-CERTIFIED DATA SANITIZATION AND R2-CERTIFIED SUSTAINABLE ELECTRONICS RECYCLING. REFURBISH: THE DONATED TECHNOLOGY IS SECURELY PROCESSED IN OUR WAREHOUSES. COMPUTERS AND THEN ARE CLEANED, PROCESSED THROUGH A STRINGENT QUALITY CHECK, AND INSTALLED WITH A NEW OPERATING SYSTEM. DISTRIBUTE: AFFORDABLE HIGH-QUALITY COMPUTERS ARE DISTRIBUTED TO INCOME QUALIFIED INDIVIDUALS THROUGH OUR RETAIL STORES, ONLINE, AND THROUGH NATIONAL DISTRIBUTION EVENTS. CONTINUED ON SCHEDULE O. SUPPORT: ONCE A CUSTOMER HAS RECEIVED A COMPUTER, IT IS IMPORTANT THAT THEY ARE CONFIDENT IN THEIR PURCHASE AND FEEL SUPPORTED. EACH COMPUTER COMES WITH A 1-YEAR HARDWARE WARRANTY, FREE DIGITAL LITERACY TRAINING, AND PHONE SUPPORT. IN FY 2022-23, PCS FOR PEOPLE COLLECTED OVER 104,000 COMPUTERS AND LAPTOPS. MORE THAN 58,000 OF THESE COMPUTERS WERE REFURBISHED AND DISTRIBUTED TO LOW-INCOME FAMILIES AND INDIVIDUALS. PCS FOR PEOPLE ALSO SUPPORTED THE COMPUTERS DISTRIBUTED WITH WARRANTY REPAIRS AND OFFERED DISCOUNTED REPAIRS AFTER THE WARRANTY PERIOD. REPAIRS WERE $25 AND ANY PARTS NEEDED WERE FREE. IN FY 2022-23, OVER 2,906 REPAIRS WERE COMPLETED AT AN AVERAGE COST OF $10.68 PER REPAIR.

Expenses $21,412,199 · Grants $7,853,875 · Revenue $5,581,122
MOBILE INTERNET SERVICEPCS FOR PEOPLE OFFERS NATIONWIDE LOW-COST HIGH SPEED 4G LTE MOBILE INTERNET SERVICE PROVIDED BY MOBILE BEACON AND MOBILE CITIZEN. PLANS ARE PREPAID WITH NO CREDIT CHECK OR HIDDEN FEES FOR INCOME ELIGIBLE INDIVIDUALS. IN FY 2022-23, PCS FOR PEOPLE OFFERED LOW-COST HIGH SPEED 4G LTE INTERNET TO MORE THAN 150,000 ELIGIBLE HOUSEHOLDS.
PCS FOR PEOPLE OFFERS IN-HOUSE, LOW-COST HIGH SPEED FIXED INTERNET SERVICE IN 9 STATES. SERVICE IS FIXED AT $15 A MONTH AND HOUSEHOLDS WHO ARE INCOME ELIGIBLE TO ENROLL IN THE AFFORDABILITY CONNECTIVITY PROGRAM (ACP) CAN HAVE THIS FEE COVERED. IN FY 2022-23, PCS FOR PEOPLE'S FIXED INTERNET SERVICE CONSISTS OF NEARLY 50 NETWORK TOWERS AND 10 MULTI-DWELLING UNITS (MDUS) COVERING MORE THAN 56,000 HOUSEHOLDS.

Expenses $839,081 · Revenue $93,331

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

Listed in Part VII

Adrainne Benton FurnissADRAINNE BENTON FURNISS

BOARD MEMBER

Total calculated

$0

Hours/week

2
Alexander McGruderALEXANDER MCGRUDER

BOARD MEMBER

Total calculated

$0

Hours/week

1
Andrew ElofsonANDREW ELOFSON

CHAIRMAN OF THE BOARD / FO

Total calculated

$0

Hours/week

10
Brendt RustenBRENDT RUSTEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Jeff ShellbergJEFF SHELLBERG

TREASURER

Total calculated

$0

Hours/week

2
Jeffrey KannasJEFFREY KANNAS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Kathy RasmussenKATHY RASMUSSEN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Milinda Rambel StoneMILINDA RAMBEL STONE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Srilekha AkulaSRILEKHA AKULA

BOARD MEMBER

Total calculated

$0

Hours/week

1
Tim FeathersTIM FEATHERS

BOARD MEMBER

Total calculated

$0

Hours/week

1
Zeb AndersonZEB ANDERSON

VICE CHAIRMAN

Total calculated

$0

Hours/week

2
Andrea DaleANDREA DALE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Bryan MaukBRYAN MAUK

CHIEF INNOVATION OFFICER

Total calculated

$136,746

From this org

$124,309

From related orgs

$0

Other

$12,437

Hours/week

50
Casey SorensenCASEY SORENSEN

CEO

Total calculated

$189,511

From this org

$163,442

From related orgs

$0

Other

$26,069

Hours/week

60

Schedule J breakdown matched by us

Base

$163,442

Bonus

$0

Other

$0

Deferred

$6,800

Nontaxable benefits

$19,269

Filer's total

$189,511

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 committee
3 · Form 990 of other organizations
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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PCS FOR PEOPLE MINNESOTA LLC

MINNESOTA OPERATIONS · MN · assets $3,626,204

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE COLORADO LLC

COLORADO OPERATIONS · MN · assets $2,449,489

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE OHIO LLC

OHIO OPERATIONS · MN · assets $1,824,120

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE MARYLAND LLC

MARYLAND OPERATIONS · MN · assets -$484,844

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE KANSAS CITY LLC

MISSOURI OPERATIONS · MN · assets $574,813

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE WISPY LLC

WISP OPERATIONS · MN · assets $4,925,886

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE ILLINOIS LLC

ILLINOIS OPERATIONS · MN · assets -$1,680,682

Directly controlled by PCS FOR PEOPLE
PCS FOR PEOPLE GEORGIA LLC

GEORGIA OPERATIONS · MN · assets -$15,805

Directly controlled by PCS FOR PEOPLE

Provenance

Return type: form_990
Tax year: 2022
Filed: 27 February 2024
IRS schema version: 2022v5.0
Source object: 202410719349301166

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