Nonprofit · EIN 54-1989160
PEOPLE INCORPORATED FINANCIAL SERVICES
Tax-exempt · ABINGDON, VA 24210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,542,230 | $2,623,189 | $919,041 | $8,083,485 | $2,477,854 | $5,605,631 |
| June 30, 2024 | 990 | $2,174,921 | $2,297,356 | -$122,435 | $8,688,506 | $4,001,916 | $4,686,590 |
| June 30, 2023 | 990 | $3,189,156 | $2,848,713 | $340,443 | $11,055,198 | $3,245,573 | $7,809,625 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,155,175
- of which government grants
- $1,102,675
- Program service revenue
- $1,960,786
- Investment income
- $373,430
- Other revenue
- $52,839
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $741,601
- Salaries, compensation and benefits (total)
- $980,224
- Professional fundraising fees
- $0
- Occupancy
- $110,681
- Travel
- $41,766
- Program services (functional)
- $2,492,477
- Management and general (functional)
- $130,712
Balance sheet and other
- Total assets, start of year
- $8,688,506
- Total assets, end of year
- $8,083,485
- Total liabilities, end of year
- $2,477,854
- Net assets, end of year
- $5,605,631
- Net assets without donor restrictions
- $3,014,405
- Net assets with donor restrictions
- $2,591,226
- Gross receipts
- $3,542,230
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2000
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRYAN PHIPPS | PRESIDENT/CEO Officer | 1 | $0 | $197,062 | $3,634 |
| CHARLOTTE MULLINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILLY TAYLOR | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELIA COMBS TUGGLE | TREASURER (THRU 05/2025) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID MCCRACKEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PEGGY KISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE MEADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN SELBO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS SHORTRIDGE | DIRECTOR (THRU 07/2025) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRYAN PHIPPS | PRESIDENT/CEO Officer | 1 | $0 | $191,482 | $3,829 |
| JANET SHRADER | VICE PRESIDENT/CFO (THRU 05/24) Officer | 1 | $0 | $123,360 | $16,599 |
| CHARLOTTE MULLINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILLY TAYLOR | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELIA COMBS TUGGLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID MCCRACKEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PEGGY KISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE MEADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN SELBO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS SHORTRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRYAN PHIPPS | CEO Officer | 1 | $0 | $184,294 | $3,617 |
| JANET SHRADER | VP OF FINANCE Officer | 1 | $0 | $119,335 | $12,926 |
| CHARLOTTE MULLINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BILLY TAYLOR | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHELIA COMBS TUGGLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID MCCRACKEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| WILLIAM BUTLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARTIN DIXON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PEGGY KISER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE MEADE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN SELBO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS SHORTRIDGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1173 W MAIN ST, ABINGDON, VA 24210-4703
- Principal officer (990 for 2024)
- BRYAN PHIPPS, 1173 WEST MAIN STREET, ABINGDON, VA 24210
- Signed the 990
- BRYAN PHIPPS, CEO
- Phone
- (276) 623-9000
- Website
- WWW.PEOPLEINC.NET
- Return prepared by
- WIPFLI ADVISORY LLC
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.
Program accomplishments
- BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 125 JOBS WERE CREATED AND RETAINED AS A RESULT OF COMMUNITY ECONOMIC DEVELOPMENT PROGRAM ACTIVITIES. BUSINESS LENDING & TRAINING: 1,128 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS. CONSUMER LENDING & EDUCATION: 387 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS.Expenses $2,492,477 · revenue $1,960,786
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1989160
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S22)
- Assets (IRS master file)
- $8,083,485
- Income (IRS master file)
- $3,542,230
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,542,230 | $2,623,189 | $8,083,485 | IRS |
| 990 | June 2024 | $2,174,921 | $2,297,356 | $8,688,506 | IRS |
| 990 | June 2023 | $3,189,156 | $2,848,713 | $11,055,198 | XML |
| 990 | June 2022 | $4,663,057 | $4,152,341 | $9,830,118 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1989160).
Questions about PEOPLE INCORPORATED FINANCIAL SERVICES
- What is the EIN of PEOPLE INCORPORATED FINANCIAL SERVICES?
- The employer identification number (EIN) of PEOPLE INCORPORATED FINANCIAL SERVICES is 54-1989160.
- Is PEOPLE INCORPORATED FINANCIAL SERVICES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PEOPLE INCORPORATED FINANCIAL SERVICES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEOPLE INCORPORATED FINANCIAL SERVICES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PEOPLE INCORPORATED FINANCIAL SERVICES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEOPLE INCORPORATED FINANCIAL SERVICES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PEOPLE INCORPORATED FINANCIAL SERVICES?
- The 990 for the year ended June 30, 2025 names BRYAN PHIPPS.
- Who are the officers and directors of PEOPLE INCORPORATED FINANCIAL SERVICES?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does PEOPLE INCORPORATED FINANCIAL SERVICES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,542,230, expenses of $2,623,189 and total assets of $8,083,485 at year end.
Other nonprofits in ABINGDON
- APPALACHIAN INDEPENDENCE CENTER INC EIN 52-1573451 · last filed 990 for 2025
- VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR EIN 54-1965102 · last filed 990 for 2025
- ROUND THE MOUNTAIN SOUTHWEST VIRGINIAS ARTISAN NETWORK EIN 20-2784463 · last filed 990 for 2025
- EO HOLDINGS EIN 99-3230893 · last filed 990 for 2025
- SOUTHWEST DEVELOPMENT FINANCING INC EIN 54-1681272 · last filed 990 for 2025
- VOTER REGISTRARS ASSOCIATION OF VIRGINIA INC EIN 80-0224491 · last filed 990-EZ for 2025
- TO THE BRIM EIN 99-0554147 · last filed 990-N for 2025
- AMERICAN ADVERTISING FEDERATION OF SOUTHWEST VIRGINIA EIN 27-3688619 · last filed 990-N for 2023
All nonprofits in ABINGDON · Virginia · Community improvement and capacity building