Civic Intelligence

Solutions That Empower People Inc.

990 • Fiscal year 2017 • EIN 54-0801556

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 21, 2017

200 Dent StreetRocky Mount, VA 24151-1285

(540) 483-5142

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.84x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.38x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

12th percentile

-9.5%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-14%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,721,482

Down $180,740 (-9.5%) from 2016

Net Assets

Down

$267,167

Down $27,033 (-9.2%) from 2016

Liabilities

Down

$1,454,315

Down $153,707 (-9.6%) from 2016

Revenue

Down

$3,795,365

Down $620,276 (-14%) from 2016

Expenses

Down

$3,822,399

Down $584,875 (-13%) from 2016

Net Income

Down

-$27,034

Down $35,401 (-423%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,404,541Liabilities 2011: $2,200,173Net Assets 2011: $1,204,3682011Assets 2012: $3,273,236Liabilities 2012: $2,249,388Net Assets 2012: $1,023,8482012Assets 2013: $3,253,013Liabilities 2013: $2,248,518Net Assets 2013: $1,004,4952013Assets 2014: $2,856,727Liabilities 2014: $2,403,368Net Assets 2014: $453,3592014Assets 2015: $2,484,028Liabilities 2015: $2,286,218Net Assets 2015: $197,8102015Assets 2016: $1,902,222Liabilities 2016: $1,608,022Net Assets 2016: $294,2002016Assets 2017: $1,721,482Liabilities 2017: $1,454,315Net Assets 2017: $267,1672017Assets 2018: $1,687,552Liabilities 2018: $1,361,388Net Assets 2018: $326,1642018Assets 2019: $1,741,660Liabilities 2019: $1,344,184Net Assets 2019: $397,4762019Assets 2020: $2,663,486Liabilities 2020: $1,340,602Net Assets 2020: $1,322,8842020Assets 2021: $2,704,443Liabilities 2021: $1,337,240Net Assets 2021: $1,367,2032021Assets 2022: $2,965,391Liabilities 2022: $1,193,065Net Assets 2022: $1,772,3262022Assets 2023: $3,215,941Liabilities 2023: $1,233,215Net Assets 2023: $1,982,7262023Assets 2024: $3,306,276Liabilities 2024: $1,291,418Net Assets 2024: $2,014,8582024

Highlighted filing

2017

Assets$1,721,482
Liabilities$1,454,315
Net Assets$267,167

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $4,698,522Expenses 2011: $4,711,097Net Income 2011: -$12,5752011Revenue 2012: $4,337,050Expenses 2012: $4,517,570Net Income 2012: -$180,5202012Revenue 2013: $4,698,587Expenses 2013: $4,717,940Net Income 2013: -$19,3532013Revenue 2014: $3,902,780Expenses 2014: $4,109,722Net Income 2014: -$206,9422014Revenue 2015: $4,007,097Expenses 2015: $4,262,646Net Income 2015: -$255,5492015Revenue 2016: $4,415,641Expenses 2016: $4,407,274Net Income 2016: $8,3672016Revenue 2017: $3,795,365Expenses 2017: $3,822,399Net Income 2017: -$27,0342017Revenue 2018: $3,945,678Expenses 2018: $3,886,689Net Income 2018: $58,9892018Revenue 2019: $4,099,118Expenses 2019: $4,027,806Net Income 2019: $71,3122019Revenue 2020: $4,953,507Expenses 2020: $4,494,706Net Income 2020: $458,8012020Revenue 2021: $4,763,662Expenses 2021: $4,671,548Net Income 2021: $92,1142021Revenue 2022: $4,759,112Expenses 2022: $4,353,989Net Income 2022: $405,1232022Revenue 2023: $4,865,719Expenses 2023: $4,680,019Net Income 2023: $185,7002023Revenue 2024: $5,667,391Expenses 2024: $5,634,383Net Income 2024: $33,0082024

Highlighted filing

2017

Revenue$3,795,365
Expenses$3,822,399
Net Income-$27,034
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 21, 2017
Return Version
2016v3.0
Gross Receipts
$3,795,365
Mission and Program Overview

Mission

Solutions that empower people, inc (step) is a non profit corporation organized to plan and coordinate programs designed to combat probles of proverty and seek the elimination or reduction of conditions of poverty as they affect the inhabitants of the communities.

Solutions that empower people, inc. (step) is a non-profit corporation organized to plan and coordinate programs designed to combat problems of poverty and seek the elimination or reduction of conditions of poverty as they affect the inhabitants of the communities of the following counties: franklin, patrick, henry, bedford and pittsylvania as well as the cities of martinsville and danville. In addition, the organization provides housing assistance and fuel assistance to adults in need throughout the service area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,368,603$1,303,046▼ $65,557
Accounts Receivable$341,271$159,639▼ $181,632
Cash and Non-Interest-Bearing Accounts$58,270$149,252▲ $90,982
Investments in Publicly Traded Securities$57,316$63,145▲ $5,829
Prepaid Expenses and Deferred Charges$49,564$29,497▼ $20,067
Inventories for Sale or Use$17,198$16,903▼ $295
Investments Other Securities$10,000--
Total Assets$1,902,222$1,721,482▼ $180,740
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,161,075$1,144,365▼ $16,710
Accounts Payable and Accrued Expenses$446,947$309,950▼ $136,997
Total Liabilities$1,608,022$1,454,315▼ $153,707
Net Assets / Fund Balance
Unrestricted Net Assets$294,200$258,711▼ $35,489
Temporarily Rstr Net Assets-$8,456-
Total Net Assets Fund Balance$294,200$267,167▼ $27,033
Total Liabilities and Net Assets / Fund Balance$1,902,222$1,721,482▼ $180,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,056,308$571,982-
Land$265,286--
Equipment$-18,548$821,220-
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$3,672,815
Program Service Revenue
$0
Investment Income
$3,355
Other Revenue
$119,195
All Other Contributions
$146,293
Change in Net Assets
$-27,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,795,365
Revenue Not Reported on Form 990
$654,630
Total Revenue per Audited Statements
$4,449,995
Total Revenue per Form 990
$3,795,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,595,817
Other Expenses$1,226,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,966,111$162,201-$2,128,312
Other Employee Benefits$432,406$35,099-$467,505
Fees for Services Legal$192,078--$192,078
Other Expenses$112,999$993-$113,992
Office Expenses$43,106$8,124-$51,230
Interest-$50,303-$50,303
Insurance$22,239$17,112-$39,351
Advertising$18,300$643-$18,943
All Other Expenses$-260,099$-82,974-$-343,073
Total Functional Expenses$3,727,542$94,857$0$3,822,399

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,477,029
Expenses per Audited Statements$3,822,399
Total Expenses per Form 990$3,822,399
Expenses Not Reported on Form 990$654,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax return is reviewed by the audit committee before it is filed. Copies of the return are provided to the board of directors.

Form 990, Page 6, Part VI, Line 12C

Members of the finance committee and audit committee with significant financial expertise review the form 990 prior to filing. A paper copy of the form 990 will be made available to the entire board of directors at the next scheduled board meeting.

Form 990, Page 6, Part VI, Line 15A

Step uses bi-annual comparability studies. In addition, salary comparability studies are required by community block grant regulations every three years. The executive director's salary and all salary increases are reviewed and approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Step makes its governing documents, conflict of interest policy, and financial statements available upon request to the appropriate persons.

Form 990, Page 6, Part VI, Line 18

WWW.GUIDESTAR.COM

Form 990, Page 6, Part VI, Line 19

These documents are provided to the governing body and employees annually or when they become associated with the organization. These documents are on file and available for public inspection when requested by the general public.

Filing and Contact Details

Filer

Filer Name
Solutions That Empower People Inc
EIN
54-0801556
Phone
5404835142
Address
200 DENT STREET, ROCKY MOUNT, VA 24151-1285

Signing Officer

Name
Bobby Welch
Title
Finance Director
Phone
5404835142
Signed
2017-09-21

Organization Details

Principal Officer
Bobby Welch
Formed
1966
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
117
Volunteers
179

Preparer

Firm
William White Sr CPA
Address
902 LAFAYETTE BLVD NW, ROANOKE, VA 24017-3928
Preparer
William White Sr
Phone
5403421440
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Solutions that empower people, inc. (step) is a non-profit corporation organized to plan and coordinate programs designed to combat problems of poverty and seek the elimination or reduction of conditions of poverty as they affect the inhabitants of the communities of the following counties: franklin, patrick, henry, bedford and pittsylvania as well as the cities of martinsville and danville. In addition, the organization provides housing assistance and fuel assistance to adults in need throughout the service area.

Form 990, Page 2, Part III, Line 4D

Solutions that empower people, inc. (step) is a non-profit corporation organized to plan and coordinate programs designed to combat problems of poverty and seek the elimination or reduction of conditions of poverty as they affect the inhabitants of the communities of the following counties: franklin, patrick, henry, bedford and pittsylvania as well as the cities of martinsville and danville. In addition, the organization provides housing assistance and fuel assistance to adults in need throughout the service area.

Form 990, Part XI, Line 9

ROUNDING 1

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$1.29$2.01$5.67$5.63$0.03
2023Summary only. Only limited summary data is available for this year.$3.22$1.23$1.98$4.87$4.68$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$1.19$1.77$4.76$4.35$0.41
2021Summary only. Only limited summary data is available for this year.$2.70$1.34$1.37$4.76$4.67$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$1.34$1.32$4.95$4.49$0.46
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$1.34$0.40$4.10$4.03$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$1.36$0.33$3.95$3.89$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.72$1.45$0.27$3.80$3.82$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.90$1.61$0.29$4.42$4.41$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.48$2.29$0.20$4.01$4.26$0.26
2014Detailed filing. Detailed filing data is available for this year.$2.86$2.40$0.45$3.90$4.11$0.21
2013Summary only. Only limited summary data is available for this year.$3.25$2.25$1.00$4.70$4.72$0.02
2012Summary only. Only limited summary data is available for this year.$3.27$2.25$1.02$4.34$4.52$0.18
2011Summary only. Only limited summary data is available for this year.$3.40$2.20$1.20$4.70$4.71$0.01