Financial Pathways Of The Piedmont Inc
- Assets
- $1.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Winstonsalem, NC
- Founding
- 04/1973
- Data as of
- 06/2022
- EIN
- 56-1015074
Organization Overview
Financial Pathways Of The Piedmont Inc is located in Winstonsalem, NC. The organization was established in 1973. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 06/2022, Financial Pathways Of The Piedmont Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Pathways Of The Piedmont Inc 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, Financial Pathways Of The Piedmont Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. 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 DELIVER PROFESSIONAL CONSUMER EDUCATION, DEBT REDUCTION PROGRAMS, COMPREHENSIVE HOUSING COUNSELING AND INFORMATION ON THE WISE USE OF CREDIT TO ALL SEGMENTS OF THE COMMUNITY, TO IMPROVE THEIR FINANCIAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATIVE PAYEE: THE REPRESENTATIVE PAYEE PROGRAM IS AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION TO RECEIVE MONTHLY SSA/SSI FUNDS FOR THE BENEFIT OF CLIENTS WHO CANNOT MANAGE THEIR OWN MONEY. THE REP PAYEE CASE MANAGERS HELP CLIENTS MAINTAIN FINANCIAL WELL-BEING AND FOSTER INDEPENDENT LIVING.
HOUSING: THE HOUSING DIVISION ASSISTS CLIENTS WITH HOUSING RELATED TOPICS REGARDING HOMEOWNERSHIP, MORTGAGE DELINQUENCY, FINANCIAL MANAGEMENT, HOME EQUITY CONVERSION MORTGAGES, RENTERS AND LANDLORD/TENANT ISSUES. THE PRINCIPLE GOAL OF ALL HOUSING COUNSELING SERVICES IS TO PROVIDE THE CLIENT WITH ACCURATE, IMPARTIAL, DETAILED ADVICE, AND THE DEVELOPMENT OF AN ACTION PLAN TO ALLOW THE CLIENT TO ADDRESS THEIR HOUSING NEED OR PROBLEM.
CONSUMER FINANCIAL EDUCATION: WE SERVE CLIENTS WITH AN ARRAY OF EDUCATIONAL OPPORTUNITIES AND COACHING AIMED AT BOTH OVERCOMING CRISES AND ACHIEVING FINANCIAL ASPIRATIONS. THESE INCLUDE CLASSES AND WORKSHOPS ON BASIC FINANCES AS WELL AS SPECIALIZED CREDIT, MORTGAGE, AND HOMEOWNERSHIP TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Caldwell-George President & | Officer | 40 | $116,454 |
Kevin S Osborne Vice Chair | OfficerTrustee | 1 | $0 |
Kathy Cissna Immediate Pa | OfficerTrustee | 1 | $0 |
Mike Fisher Board Chair | OfficerTrustee | 1 | $0 |
Lynn Spillman Secretary | OfficerTrustee | 1 | $0 |
Joe Carroll Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $324,816 |
| Membership dues | $0 |
| Fundraising events | $27,242 |
| Related organizations | $0 |
| Government grants | $745,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $453,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,550,419 |
| Total Program Service Revenue | $298,947 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,976 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,849,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $270,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,839 |
| Compensation of current officers, directors, key employees. | $12,108 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $706,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,848 |
| Payroll taxes | $59,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,943 |
| Advertising and promotion | $14,847 |
| Office expenses | $66,941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,995 |
| Travel | $1,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,221 |
| Interest | $0 |
| Payments to affiliates | $21,356 |
| Depreciation, depletion, and amortization | $11,476 |
| Insurance | $14,399 |
| All other expenses | $23,630 |
| Total functional expenses | $1,668,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,662 |
| Savings and temporary cash investments | $228,342 |
| Pledges and grants receivable | $215,601 |
| Accounts receivable, net | $9,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $30,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,530 |
| Net Land, buildings, and equipment | $30,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,190 |
| Total assets | $1,642,751 |
| Accounts payable and accrued expenses | $51,725 |
| Grants payable | $0 |
| Deferred revenue | $212,835 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $809,494 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,074,054 |
| Net assets without donor restrictions | $376,901 |
| Net assets with donor restrictions | $191,796 |
| 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 | $1,642,751 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Financial Pathways Of The Piedmont Inc has recieved totaling $420,481.
| Awarding Organization | Amount |
|---|---|
United Way Of Forsyth County Inc Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $282,107 |
National Foundation For Credit Counseling Inc Washington, DC PURPOSE: FINANCIAL EDUCATION SUPPORT | $58,100 |
North Carolina Housing Coalition Inc Durham, NC | | $45,924 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $25,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 9 GRANT(S) FOR VARYING PURPOSES | $9,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |
Consumer Credit Insurance Association Rocky Mount, NC | $1,066,199 | $942,381 |
American Financial Education Alliance Charlotte, NC | $225,082 | $614,339 |
D&e A Financial Education And Training Institute Inc East Point, GA | $953,735 | $847,505 |
Level Up 700 Incorporated Atlanta, GA | $69,929 | $257,513 |
Consumer Credit Counseling Service Of The Savannah Area Inc Savannah, GA | $1,147,306 | $564,336 |
Increasing H O P E North Charleston, SC | $127,870 | $448,680 |