Pathways Core Training INC EIN 26-1084626 Form 990 (PDF) Claim this org

Pathways Core Training INC FY2023 filing

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Empowers people with experiential training for purposeful, passionate, dignified, and integral lives. For fiscal year 2023 it reported $336K in revenue, $367K in expenses, and $-285K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Fort Worth, TX
Website
www.pathwayscoretraining.org
Filings
5 on file (2020–2023)
Revenue
$336KFY2023
Expenses
$367K
Net assets
$-285K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1084626 Public charity (501(c)(3)) Fort Worth, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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 · $87K
Money in and out
$336K revenue, $367K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$367K
Pt IX · Ln 25
Net assets
$-285K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.26 Fundraising $0.03
Program efficiency
71%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$336K
FY2023▼ -18%
Expenses
$367K
FY2023▼ -19%
Total assets
$140K
FY2023▼ -11%
Total liabilities
$424K
FY2023▼ -3%
Total revenue
$336K
Pt VIII · Ln 12
Total expenses
$367K
Pt IX · Ln 25
Net assets
$-285K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$140K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

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
Executive Director
$87,130Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Laurie Mitchell’s $65K as Executive Director is at the 56th percentile of top reported officer pay among 1992 $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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Mission & Programs · Part III

Where the work happens

1 program service account for $261K of program spending, described in the organization's own filed words · FY2023.
01

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

$261Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$270K · 80%
Contributions & grants$66K · 20%
Program service revenue80%$270K
Contributions & grants20%$66K
Investment income$34
Total revenueLn 12$336K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.26 Fundraising $0.03
Program services71%$261K
Management & general26%$96K
Fundraising3%$10K
Total functional expensesLn 25$367K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$140K
Total liabilitiesLn 26$424K
Total net assetsLn 32$-285K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10K · Operating expenses/yr $367K
0.3 months
Where the money goes
Program services
Program services $261K · Total expenses $367K
71%
Management & General
Management & general $96K · Total expenses $367K
26%
Fundraising
Fundraising $10K · Total expenses $367K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $78K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $66K · Total revenue $336K
20%
Government reliance
Government grants $0 · Total revenue $336K
0%
Earned-income share
Program service revenue $270K · Total revenue $336K
80%
Investment reliance
Investment income $34 · Total revenue $336K
+0.01%
Program self-sufficiency
Program service revenue $270K · Total expenses $367K
73%
Growth & trend
Revenue growth (YoY)
This year $336K · Prior year $411K
-18%
Net-asset trend (YoY)
End of year $-285K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $336K · Expenses $367K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $140K
Net-asset ratio
Net assets $-285K · Total assets $140K
-203%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $140K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laurie Mitchell · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $87K · Total expenses $367K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $191K · Total expenses $367K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 26%
Fundraising cost ratio 16%
Revenue growth -18%
Accounting fee ratio 3%

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
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 · ⤓ 990 PDF
FY2023$336K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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