Payee Services INC FY2021 filing

Tax-deductible

Menomonie, WI501(c)(3)Human ServicesEIN 41-2209098

Provide representative payee services (bills paid and accounts managed) to an average of 725 clients troughout the year

501(c)(3) charity; gifts are tax-deductible.
24¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $693 a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
24%
of spending
Concern: 24% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$45K
220% of total assets
Concern: liabilities are 220% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$373K
-1% vs prior year
Spent
$399K
To programs
24%
Net assets
−$25K
By yearFY2020–FY2024
Revenue
$373K
FY2021▼ -1%
Revenue by fiscal year
FY2020$378K
FY2021$373K
FY2022$486K
FY2023$436K
FY2024$457K
Expenses
$399K
FY2021▲ +11%
Expenses by fiscal year
FY2020$359K
FY2021$399K
FY2022$443K
FY2023$447K
FY2024$485K
Net assets
−$25K
FY2021▼ -136%
Net assets by fiscal year
FY2020$68K
FY2021−$25K
FY2022$18K
FY2023$7K
FY2024$9K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

24 cents of each dollar spent went to programs.

Program services 24% · $94K Management & general 76% · $305K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Karen Hurtgen’s $2K as President is at the 1st percentile of top reported officer pay among 2168 $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 · 1 named individual · Part VII

NameFY2024FY2023
Karen Hurtgen$2,463$5,179

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.

See Payee Services INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages finances and pays bills for hundreds of clients annually.

Provided by the organization

This section is blank until Payee Services INC claims this page.

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1 program service account for $94K of program spending, described in the organization's own filed words · FY2021.
01

Provide representative payee services

$94Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$373K
Ln 12
Fees for servicesLn 2g$373K
Investment incomeLn 3$15
Money outPt IX
$399K
Ln 25
Programscol B$94K
Managementcol C$305K
Owns and owesPt X
−$25K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$45K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$373K
Investment incomeLn 3$15
Total revenueLn 12$373K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$45K
Net assetsLn 32−$25K
OperationsPt I, VI
EmployeesI 58
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$69K$20K
Total assetsLn 16$69K$20K
LiabilitiesLn 26$980$45K
Net assetsLn 32$68K−$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$0$73K$0
Pay of disqualified personsLn 6$167K$0$167K$0
Payroll taxesLn 10$19K$0$19K$0
Accounting feesLn 11c$455$0$455$0
Other fees for servicesLn 11g$8K$0$8K$0
Advertising and promotionLn 12$250$0$250$0
Office expensesLn 13$41K$34K$7K$0
Information technologyLn 14$2K$0$2K$0
OccupancyLn 16$34K$34K$0$0
TravelLn 17$8K$8K$0$0
Conferences, conventions and meetingsLn 19$5K$4K$815$0
Depreciation, depletion and amortizationLn 22$3K$0$3K$0
InsuranceLn 23$11K$6K$5K$0
Other expenses (24a–d)Ln 24$30K$9K$21K$0
Total functional expensesLn 25$399K$94K$305K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $457K$485K−$28K$9K 990 PDF
FY2023 $436K$447K−$11K$7K 990 PDF
FY2022 $486K$443K$43K$18K 990 PDF
FY2021 Viewing $373K$399K−$26K−$25K 990 PDF
FY2020 $378K$359K$19K$68K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $372,758 across 2 lines filed
Lines not itemized here account for $372,743 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$15
VIII-12 Total revenueRelated to mission $15 · Unrelated business $0 · Excluded from tax $372,743$372,758
Part IX · Statement of functional expenses $398,836 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $72,514 · Fundraising $0$72,514
IX-6 Pay of disqualified personsPrograms $0 · Management $166,620 · Fundraising $0$166,620
IX-10 Payroll taxesPrograms $0 · Management $18,893 · Fundraising $0$18,893
IX-11c Accounting feesPrograms $0 · Management $455 · Fundraising $0$455
IX-11g Other fees for servicesPrograms $0 · Management $7,600 · Fundraising $0$7,600
IX-12 Advertising and promotionPrograms $0 · Management $250 · Fundraising $0$250
IX-13 Office expensesPrograms $33,926 · Management $7,000 · Fundraising $0$40,926
IX-14 Information technologyPrograms $0 · Management $1,551 · Fundraising $0$1,551
IX-16 OccupancyPrograms $34,051 · Management $0 · Fundraising $0$34,051
IX-17 TravelPrograms $7,625 · Management $0 · Fundraising $0$7,625
IX-19 Conferences, conventions and meetingsPrograms $4,076 · Management $815 · Fundraising $0$4,891
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $2,531 · Fundraising $0$2,531
IX-23 InsurancePrograms $5,544 · Management $5,411 · Fundraising $0$10,955
IX-24 Other expenses (24a–d)Programs $8,878 · Management $21,096 · Fundraising $0$29,974
IX-25 Total functional expensesPrograms $94,100 · Management $304,736 · Fundraising $0$398,836
Part X · Balance sheet $20,485 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $7,365$5,276
X-2 Savings and temporary cash investmentsStart of year $62,114$15,209
X-16 Total assetsStart of year $69,479$20,485
X-17 Accounts payable and accrued expensesStart of year $980$5,398
X-26 Total liabilitiesStart of year $980$45,138
X-27 Net assets without donor restrictionsStart of year $68,499−$24,653
X-32 Total net assets or fund balancesStart of year $68,499−$24,653
X-33 Total liabilities and net assetsStart of year $69,479$20,485
Part XI · Reconciliation of net assets −$24,653 net assets at year end
XI-1 Total revenue$372,758
XI-2 Total expenses$398,836
XI-3 Revenue less expenses−$26,078
XI-4 Net assets at start of year$68,499
XI-10 Net assets at end of year−$24,653

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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