People Incorporated Of Virginia
- Assets
- $22.5m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 328
- Location
- Abingdon, VA
- Founding
- 02/1967
- Data as of
- 06/2022
- EIN
- 54-0763686
Organization Overview
People Incorporated Of Virginia is located in Abingdon, VA. The organization was established in 1967. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, People Incorporated Of Virginia employed 328 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People Incorporated Of Virginia 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 06/2022, People Incorporated Of Virginia generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $14.3m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED PEOPLE TO REACH THEIR GOALS IN ORDER TO ENHANCE THEIR LIVES, THEIR FAMILIES, AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START - 343 CHILDREN RECEIVED EARLY CHILDHOOD EDUCATION AND 510 FAMILIES RECEIVED DEVELOPMENT SERVICES.
WEATHERIZATION - IMPROVED LIVING CONDITIONS FOR NUMEROUS HOMES AND ENABLED LOW INCOME FAMILIES TO PERMANENTLY REDUCE THEIR ENERGY BILLS BY MAKING THEIR HOMES MORE ENERGY EFFICIENT.
WORKFORCE DEVELOPMENT - ENABLED 232 LOW INCOME ADULTS AND YOUTH TO IMPROVE JOB SKILLS AND OBTAIN EMPLOYMENT.
PEOPLE INCORPORATED PROVIDES VARIOUS ASSISTANCE PROGRAMS TO RESIDENTS OF VIRGINIA WHO ARE ECONOMICALLY DISADVANTAGED. THIS IS ACCOMPLISHED THROUGH BOTH FEDERAL AND STATE GRANTS RECEIVED BY THE AGENCY. OTHER PROGRAMS INCLUDE: HUD SECTION 8, NUTRITION, DOMESTIC VIOLENCE & SEXUAL ASSAULT ASSISTANCE, HOMELESS PREVENTION, AND SUPPORTIVE SERVICES FOR VETERANS FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Goldsmith Retired CEO | Officer | 40 | $439,691 |
Angela Groseclose Vp, COO | Officer | 40 | $123,430 |
Brian Phipps President/ce | Officer | 40 | $119,132 |
Janet Shrader Vp, CFO | Officer | 40 | $105,520 |
Pam Horn Director | OfficerTrustee | $0 | |
Chris Shortridge Chairperson | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peacock Holland Construction | 6/29/22 | $750,099 |
Ken's Construction | 6/29/22 | $111,356 |
Wb Properties And Construction Llc | 6/29/22 | $8,068,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,115,978 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,382,754 |
| Noncash contributions included in lines 1a–1f | $136,572 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,498,732 |
| Total Program Service Revenue | $0 |
| Investment income | $39,008 |
| 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 | $16,537,740 |
| 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. | $787,773 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,574,262 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,758,967 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $296,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,210,390 |
| Insurance | $0 |
| All other expenses | -$875,679 |
| Total functional expenses | $14,348,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,802,203 |
| Pledges and grants receivable | $2,428,922 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,117,412 |
| Inventories for sale or use | $84,025 |
| Prepaid expenses and deferred charges | $138,229 |
| Net Land, buildings, and equipment | $15,865,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,747 |
| Total assets | $22,478,644 |
| Accounts payable and accrued expenses | $441,515 |
| Grants payable | $0 |
| Deferred revenue | $93,519 |
| 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 | $2,160,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,272,191 |
| Total liabilities | $7,968,078 |
| Net assets without donor restrictions | -$800,541 |
| Net assets with donor restrictions | $15,311,107 |
| 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 | $22,478,644 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that People Incorporated Of Virginia has recieved totaling $31,225.
| Awarding Organization | Amount |
|---|---|
Culpeper Wellness Foundation Culpeper, VA PURPOSE: COURT APPOINTED SPECIAL ADVOCATES | $10,000 |
Uva Culpeper Medical Center Culpeper, VA PURPOSE: COMMUNITY OUTREACH | $8,000 |
Speedway Childrens Charities Concord, NC PURPOSE: CRITICAL | $7,000 |
Virginia Community Action Partnership Richmond, VA PURPOSE: Earned Income Tax Credit Initiative | $6,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Training Fund Annapolis, MD | $65,607,769 | $32,226,310 |
Center For Community Change Washington, DC | $47,020,939 | $18,160,209 |
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Heart Of America Foundation Washington, DC | $21,952,714 | $13,311,439 |
Waterfront Partnership Of Baltimore Inc Baltimore, MD | $10,304,693 | $15,904,703 |
N Street Village Inc Washington, DC | $31,040,838 | $11,867,277 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |
Reinvestment Partners Durham, NC | $12,338,640 | $8,350,193 |