Practical Rep Payee Services INC EIN 26-2663153

Practical Rep Payee Services INC

EIN  26-2663153 Public charity (501(c)(3)) Mayer, MN Founded 2008
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Size
$100K–1M
What they do
Manages finances and ensures personal care for individuals needing support.
Leadership
Kristina Skahaug · Vice President · $152K
Money in and out
$198K revenue, $196K expenses
Bottom line
100% program efficiency

Manages finances and ensures personal care for individuals needing support. For fiscal year 2025 it reported $198K in revenue, $196K in expenses, and $38K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
55.2mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▼ -86% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$198K
FY2025▲ +8%
Expenses
$196K
FY2025▲ +15%
Total assets
$904K
FY2025▼ -6%
Total liabilities
$867K
FY2025▼ -6%
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$196K
Pt IX · Ln 25
Net assets
$38K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$904K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $196K of program spending, described in the organization's own filed words · FY2025.
01

Practical Rep Payee Services, Inc. served approximately 310 individuals who were deemed by social security to be unable to handle their social security and/or supplemental security money. First priority is day-to-day needs for goods and shelter. Remaining benefits are used for personal needs such as medical, clothing, and recreational.

$196Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPractical Rep Payee Services INC
EINHdr · item D26-2663153
Principal addressHdr · item CMayer, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2008
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJan 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$152,000Pt VII · Sec A
$7,600Pt VII · Sec A
President
$0Pt VII · Sec A

Kristina Skahaug’s $152K as Vice President is at the 98th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kristina Skahaug$152,000$132,000$128,000$112,000$72,000
Mona Morrisette$7,600$5,400$4,160$2,048

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue100%$198K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$196K
Total functional expensesLn 25$196K

Balance Sheet

Part X · end of year
CashLn 1$904K
Total assetsLn 16$904K
Total liabilitiesLn 26$867K
Total net assetsLn 32$38K
Months of cash on handcomputed55.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $904K · Operating expenses/yr $196K
55.2 months
Where the money goes
Program services
Program services $196K · Total expenses $196K
100%
Management & General
Management & general $0 · Total expenses $196K
0%
Fundraising
Fundraising $0 · Total expenses $196K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $198K
0%
Government reliance
Government grants $0 · Total revenue $198K
0%
Earned-income share
Program service revenue $198K · Total revenue $198K
100%
Investment reliance
Investment income $0 · Total revenue $198K
0%
Program self-sufficiency
Program service revenue $198K · Total expenses $196K
101%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year $183K
+8%
Revenue CAGR
FY2021 $113K · FY2025 $198K
+15%
Net-asset trend (YoY)
End of year $38K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $196K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $904K
Net-asset ratio
Net assets $38K · Total assets $904K
4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $904K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristina Skahaug · Reported title Vice President · Highest reported compensation $152K · Total expenses $196K
77%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $176K · Total expenses $196K
90%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$198K revenue · viewing · ⤓ 990 PDF
FY2024$183K revenue · ⤓ 990 PDF
FY2023$162K revenue · ⤓ 990 PDF
FY2022$136K revenue · ⤓ 990 PDF
FY2021$113K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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