Benefit Payment Services Inc
- Assets
- $3.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mitchell, SD
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 20-1739139
Organization Overview
Benefit Payment Services Inc is located in Mitchell, SD. The organization was established in 2004. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benefit Payment Services Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Benefit Payment Services Inc generated $55.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $51.6k during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
ORGANIZATION IS APPOINTED BY SOCIAL SECURITY TO ASSIST PEOPLE WITH MONEY MANAGEMENT. THE ORGANIZATION ASSIST AS PAYEE FOR ABOUT 100 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Miller President | 40 | $28,800 | |
Debra Garton Secretary- Treasurer | 1 | $0 | |
Allen Vandenberg Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,409 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,409 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,529 |
| Professional fees and other payments to independent contractors | $308 |
| Occupancy, rent, utilities, and maintenance | $6,697 |
| Printing, publications, postage, and shipping | $4,338 |
| Other expenses | $4,707 |
| Total expenses | $51,579 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,830 |
| Other assets | $0 |
| Total assets | $3,830 |
| Total liabilities | $0 |
| Net assets or fund balances | $3,830 |
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