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Pathways Core Training INC EIN 26-1084626

Pathways Core Training INC

EIN  26-1084626 Public charity (501(c)(3)) Fort Worth, TX
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Size
$100K–1M
What they do
Empowers people with experiential training for purposeful, passionate, dignified, and integral lives.
Leadership
Laurie Mitchell · Executive Director · $65K
Money in and out
$326K revenue, $306K expenses
Bottom line
80% program efficiency

Empowers people with experiential training for purposeful, passionate, dignified, and integral lives. For fiscal year 2024 it reported $326K in revenue, $306K in expenses, and $-270K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$326K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$-270K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program efficiency
80%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+6%
revenue over expenses, this year▲ +163% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$326K
FY2024▼ -3%
Expenses
$306K
FY2024▼ -17%
Total assets
$126K
FY2024▼ -10%
Total liabilities
$396K
FY2024▼ -7%
Total revenue
$326K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$-270K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$126K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $246K of program spending, described in the organization's own filed words · FY2024.
01

Pathways implemented thirty-two Core and Specialized trainings to assist individuals overcome psychological barriers.

$246Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPathways Core Training INC
EINHdr · item D26-1084626
Principal addressHdr · item CFort Worth, TX
WebsiteHdr · item Jwww.pathwayscoretraining.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O99)
Ruling yearIRS BMFMar 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Laurie Mitchell
Executive Director
$65,000Pt VII · Sec A
Doug Dureau
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Tommi Weeden
Board Member
$0Pt VII · Sec A

Laurie Mitchell’s $65K as Executive Director is at the 56th percentile of top reported officer pay among 1984 $100K–1M youth development 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

NameFY2024FY2023FY2022FY2021FY2020
Laurie Mitchell$65,000$87,130$130,000$123,060—
Laurie Mitchell-Musser————$122,805

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 revenue$305K · 94%
Other revenue$18K · 5%
Contributions & grants$3K · 1%
Program service revenue94%$305K
Other revenue5%$18K
Contributions & grants1%$3K
Investment income$38
Total revenueLn 12$326K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program services80%$246K
Management & general18%$54K
Fundraising2%$7K
Total functional expensesLn 25$306K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$126K
Total liabilitiesLn 26$396K
Total net assetsLn 32$-270K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10K · Operating expenses/yr $306K
0.4 months
Where the money goes
Program services
Program services $246K · Total expenses $306K
80%
Management & General
Management & general $54K · Total expenses $306K
18%
Fundraising
Fundraising $7K · Total expenses $306K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $55K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3K · Total revenue $326K
1%
Government reliance
Government grants $0 · Total revenue $326K
0%
Earned-income share
Program service revenue $305K · Total revenue $326K
94%
Investment reliance
Investment income $38 · Total revenue $326K
0%
Program self-sufficiency
Program service revenue $305K · Total expenses $306K
100%
Growth & trend
Revenue growth (YoY)
This year $326K · Prior year $336K
-3%
Revenue CAGR
FY2020 $393K · FY2024 $326K
-5%
Net-asset trend (YoY)
End of year $-270K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $326K · Expenses $306K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $126K
—
Net-asset ratio
Net assets $-270K · Total assets $126K
-214%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $126K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laurie Mitchell · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $306K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $135K · Total expenses $306K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 18%——
Fundraising cost ratio 273%——
Revenue growth -3%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Grants

Schedule I · received and paid
Grants received · FY2023
American Endowment FoundationFY2023$20K
Amazonsmile FoundationFY2023$417
Total grants receivedfrom 2 funders$20K
Grants paid · 2 grants · $18K · 2020–2020
Unitemized GrantFY2020$12,864
Unitemized GrantFY2020$5,154

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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
FY2024 (Latest)$326K revenue · viewing · ⤓ 990 PDF
FY2023$336K revenue · ⤓ 990 PDF
FY2022$411K revenue · ⤓ 990 PDF
FY2021$228K revenue · ⤓ 990 PDF
FY2020$393K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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