PEOPLE INCORPORATED FINANCIAL SERVICES INC

Address
1173 WEST MAIN STREET
ABINGDON, VA 24210
Contact
Website: http://www.peopleinc.net
Phone: +1 (276) 623-9000
Nonprofit
EIN: 54-1989160
Year formed: 2000

Mission

TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.
 20172016201520142013
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel   $0.00$0.00
Number of employees00000
Number of people compensated >$100k   00
Number of highly compensated contractors   0 
Personnel
Blankenship, Ron
Title    Director
Name of key/compensated person    RON BLANKENSHIP
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Botello, Steve
TitleDIRECTORDIRECTOR   
Name of key/compensated personSTEVE BOTELLOSTEVE BOTELLO   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Carter, Tony
TitleVICE CHAIRVICE CHAIRDIRECTORDirectorDirector
Name of key/compensated personTONY CARTERTONY CARTERTONY CARTERTONY CARTERTONY CARTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrue   
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Combs, Sheila
Title DIRECTORDIRECTORDirectorDirector
Name of key/compensated person SHEILA COMBSSHEILA COMBSSHEILA COMBSSHEILA COMBS
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Forrester, Cameron
TitleCHAIRDIRECTORDIRECTORDirectorDirector
Name of key/compensated personCAMERON FORRESTERCAMERON FORRESTERCAMERON FORRESTERCAMERON FORRESTERCAMERON FORRESTER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Goldsmith, Robert
TitleCEOCEOCEOCEOCEO
Name of key/compensated personROBERT GOLDSMITHROBERT GOLDSMITHROBERT GOLDSMITHROBERT GOLDSMITHROBERT GOLDSMITH
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org   0.0010.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Harding, Leton
Title   DirectorDirector
Name of key/compensated person   LETON HARDINGLETON HARDING
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Hooper, Tony
TitleDIRECTORDIRECTORDIRECTORDirector 
Name of key/compensated personTONY HOOPERTONY HOOPERTONY HOOPERTONY HOOPER 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org   0.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Jones, Creed
Title   DirectorDirector
Name of key/compensated person   CREED JONESCREED JONES
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Kilgore, Kevin
Title   VICE CHAIRMANVICE CHAIRMAN
Name of key/compensated person   KEVIN KILGOREKEVIN KILGORE
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Kitts, Christine
Title    CFO
Name of key/compensated person    CHRISTINE KITTS
Position of compensated person
Current officer    True
Average hours per week working for org    10.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
McCracken, David
TitleSECRETARYSECRETARYSECRETARYSecretarySecretary
Name of key/compensated personDAVID MCCRACKENDAVID MCCRACKENDAVID MCCRACKENDAVID McCRACKENDAVID McCRACKEN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrue  
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Morris, Dennis
TitleDIRECTORDIRECTOR   
Name of key/compensated personDENNIS MORRISDENNIS MORRIS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Mullins, Charlotte
TitleDIRECTORCHAIRCHAIRMANCHAIRCHAIR
Name of key/compensated personCHARLOTTE MULLINSCHARLOTTE MULLINSCHARLOTTE MULLINSCHARLOTTE MULLINSCHARLOTTE MULLINS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrue  
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Peak, D
TitleTREASURERDIRECTORDIRECTORDirectorDirector
Name of key/compensated personD SCOTT PEAKD SCOTT PEAKD SCOTT PEAKD SCOTT PEAKD SCOTT PEAK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Porter, Vicki
TitleDIRECTORDIRECTOR   
Name of key/compensated personVICKI PORTERVICKI PORTER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Ratliff, Doug
Title   Director 
Name of key/compensated person   DOUG RATLIFF 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Rock, John
TitleDIRECTORDIRECTOR   
Name of key/compensated personJOHN ROCKJOHN ROCK   
Position of compensated person
Current individual trustee or directorTrueTrue   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Selbo, Jan
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJAN SELBOJAN SELBOJAN SELBO  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Shortridge, Chris
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personCHRIS SHORTRIDGECHRIS SHORTRIDGECHRIS SHORTRIDGECHRIS SHORTRIDGECHRIS SHORTRIDGE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Shrader, Janet
TitleVP OF FINANCVP OF FINANCCFO  
Name of key/compensated personJANET SHRADERJANET SHRADERJANET SHRADER  
Position of compensated person
Current officerTrueTrueTrue  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Snodgrass, John
Title  TREASURERTreasurerTreasurer
Name of key/compensated person  JOHN SNODGRASSJOHN SNODGRASSJOHN SNODGRASS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  True  
Average hours per week working for org   0.000.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Tuggle, Sheila
TitleDIRECTOR    
Name of key/compensated personSHEILA COMBS TUGGLE    
Position of compensated person
Current individual trustee or directorTrue    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Whitaker, Christy
Title   Director 
Name of key/compensated person   CHRISTY WHITAKER 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Yates, Larry
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personLARRY YATESLARRY YATESLARRY YATESLARRY YATESLARRY YATES
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.SEE SCHEDULE OTO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE INCORPORATED FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE INCORPORATED FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION.
Program service expenses, total$1,237,667.00$4,871,459.00$1,004,259.00$661,487.00$483,002.00
Programs, including revenue & expense
BUSINESS LENDING: 17 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.
Program expenses$774,911.00$766,094.00$958,120.00$624,757.00$474,341.00
Program revenue$1,088,828.00$681,904.00$958,120.00  
Program descriptionBUSINESS LENDING: 17 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.BUSINESS LENDING: 24 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.BUSINESS LENDING: 970 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.BUSINESS LENDING: 1543 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.BUSINESS LENDING: 916 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.
CONSUMER LENDING: 694 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING. 43 INDIVIDUALS RECEIVED ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.
Program expenses$59,114.00$52,374.00$46,139.00$36,730.00$8,661.00
Program revenue$35,646.00$11,812.00$46,139.00  
Program descriptionCONSUMER LENDING: 694 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING. 43 INDIVIDUALS RECEIVED ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.CONSUMER LENDING: 42 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.CONSUMER LENDING: 403 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.CONSUMER LENDING: 1274 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT-TERM NEEDS.CONSUMER LENDING: 227 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT-TERM NEEDS.
Financial data
Revenue
Total revenue, current year$1,971,077.00$1,824,709.00$2,379,398.00$1,496,027.00$1,515,851.00
Program service revenue, current year$0.00$0.00$0.00$0.00$0.00
Revenue from noncash contributions  $2,000.00  
Investment income, current year$169,701.00$140,507.00$142,161.00$206,681.00$187,428.00
Total revenue from grants, etc., current year$1,801,376.00$1,684,202.00$2,237,237.00$1,289,346.00$1,328,423.00
Total unrelated business revenue    $0.00
Other revenue, current year$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)   $0.00$0.00
Sources of contributions
Revenue from gov't grants$924,667.00$444,235.00$1,077,354.00$961,307.00$698,259.00
Revenue from all other contributions$876,709.00$1,239,967.00$1,159,883.00$328,039.00$630,164.00
Other types of revenue
Royalties (total)   $0.00$0.00
Miscellaneous revenue (total)   $0.00$0.00
Net revenue from gaming (total)   $0.00$0.00
Investment income$169,701.00$140,507.00$142,161.00$206,681.00$187,428.00
Net rental income   $0.00$0.00
Net income from fundraising events   $0.00$0.00
Net inventory sales (total)   $0.00$0.00
Expense categories (totals)
Total expenses, current year$1,656,625.00$5,003,197.00$1,157,533.00$716,713.00$521,990.00
Total functional expenses: program service $1,237,667.00$4,871,459.00$1,004,259.00$661,487.00$483,002.00
Total functional expenses: management and general$418,958.00$131,738.00$153,274.00$55,226.00$38,988.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)   $0.00$0.00
Total functional expenses: legal fees   $0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)   $0.00$0.00
Investment management fees (total)   $0.00$0.00
Assets and liabilities
Total assets, end of year$7,445,377.00$7,356,727.00$10,559,705.00$8,756,447.00$8,166,656.00
Total assets, beginning of current year$7,356,727.00$10,559,705.00$8,756,447.00$8,166,656.00$7,109,516.00
Total liabilities, end of year$1,451,412.00$1,677,214.00$1,701,704.00$1,120,311.00$1,309,834.00
Total liabilities, beginning of year$1,677,214.00$1,701,704.00$1,120,311.00$1,309,834.00$1,246,555.00
Pledges & accounts receivable, net$256,363.00$213,608.00$158,636.00$180,675.00$48,507.00
Loans & receivables from key persons   $0.00$0.00
Unrestricted net assets, end of year$3,506,674.00$3,205,978.00$6,440,720.00$5,409,705.00$4,665,567.00
Temporarily restricted net assets, end of year$2,487,291.00$2,473,535.00$2,417,281.00$2,226,431.00$2,191,255.00
Net assets, end of year$5,993,965.00$5,679,513.00$8,858,001.00$7,636,136.00$6,856,822.00
Net assets, beginning of current year$5,679,513.00$8,858,001.00$7,636,136.00$6,856,822.00$5,862,961.00
Other liabilities$146,911.00$141,451.00$26,804.00$16,865.00$18,127.00
Intangible assets   $0.00$0.00
Other assets$2,686,399.00$2,511,833.00$5,415,423.00$4,408,555.00$3,975,678.00
Investments: other securities   $0.00$0.00
Investments: publicly traded securities$7,329.00$6,897.00$6,206.00$0.00$0.00
Cash: non-interest bearing, end of year$908,948.00$1,499,607.00$2,202,844.00$1,576,139.00$1,081,143.00
Cash: non-interest bearing, beginning of year$1,499,607.00$2,202,844.00$1,576,139.00$1,081,143.00$2,208,031.00
Inventories for sale or use, end of year   $0.00$0.00
Gross receipts$1,971,077.00$1,824,709.00$2,379,398.00$1,496,027.00$1,515,851.00
Revenue less expenses, current year$314,452.00-$3,178,488.00$1,221,865.00$779,314.00$993,861.00
Advertising (total)   $0.00$0.00
Savings & temp cash invest   $0.00$0.00
Accounts receivable, net   $0.00$0.00
Prepaid expenses & deferred charges   $0.00$0.00
Accounts payable & accrued expenses$79,208.00$77,785.00$12,619.00$1,184.00$6,336.00
Deferred revenue$181,388.00$204,838.00$244,132.00  
Secured mortgages and notes payable, end of year$1,043,905.00$1,253,140.00$1,418,149.00$1,102,262.00$1,285,371.00
Total net assets or fund balances, end of year$5,993,965.00$5,679,513.00$8,858,001.00$7,636,136.00$6,856,822.00
Depreciation, depletion, amortization   $0.00$0.00
Payment to affiliates   $0.00$0.00
Governance and accountability
Number of voting members1414111313
Number of independent voting members1414111313
Accrual accountingTrueTrueTrueTrueTrue
Financial sheets were auditedTrueTrueTrueTrueTrue
both consolidated and separate basisTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.12015v3.02014v6.02013v4.02012v2.0
Filing identifier201830999349300653201701249349301430201611339349300236201501339349303415201431289349301053
Use these data in your project Benchmark this organization against its peers