Sustainable Path Foundation EIN 26-3039940 Form 990 (PDF) Claim this org

Sustainable Path Foundation

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Promotes sustainability and health in Puget Sound through science-based collaboration. For fiscal year 2024 it reported $181K in revenue, $163K in expenses, and $565K in net assets.Pt I

Type
Public charity (501(c)(3)) · Social Science
Location
Seattle, WA
Website
sustainablepath.org
Filings
5 on file (2020–2024)
Revenue
$181KFY2024
Expenses
$163K
Net assets
$565K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3039940 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Promotes sustainability and health in Puget Sound through science-based collaboration.
Leadership
Nancy McKay · Chair
Money in and out
$181K revenue, $163K expenses
Bottom line
88% program efficiency
Where the money goes · FY2024
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.06 Fundraising $0.06
Program efficiency
88%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
41.6mo
months of highly liquid reserves at operating expense rate▼ -18% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▼ -62% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$181K
FY2024▲ +4%
Expenses
$163K
FY2024▲ +26%
Total assets
$568K
FY2024▲ +3%
Total liabilities
$3K
FY2024▼ -15%
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$163K
Pt IX · Ln 25
Net assets
$565K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$568K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSustainable Path Foundation
EINHdr · item D26-3039940
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jsustainablepath.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFSocial Science (V20)
Ruling yearIRS BMFFeb 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Sustainable Path Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $144K of program spending, described in the organization's own filed words · FY2024.
01

Grant Making

The goal of our grant making program is to fund projects that apply whole systems thinking and scientific understanding to address critical issues of sustainability and resilience in the Puget Sound region. The funded projects addressed a broad range of issues, including water quality, sustainable agriculture, and forest restoration.

$144Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$137K · 76%
Investment income$44K · 24%
Contributions & grants76%$137K
Investment income24%$44K
Total revenueLn 12$181K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.06 Fundraising $0.06
Program services88%$144K
Management & general6%$10K
Fundraising6%$9K
Total functional expensesLn 25$163K

Balance Sheet

Part X · end of year
CashLn 1$46K
Total assetsLn 16$568K
Total liabilitiesLn 26$3K
Total net assetsLn 32$565K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $566K · Operating expenses/yr $163K
41.6 months
Where the money goes
Program services
Program services $144K · Total expenses $163K
88%
Management & General
Management & general $10K · Total expenses $163K
6%
Fundraising
Fundraising $9K · Total expenses $163K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $107K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $137K · Total revenue $181K
76%
Government reliance
Government grants $0 · Total revenue $181K
0%
Earned-income share
Program service revenue $0 · Total revenue $181K
0%
Investment reliance
Investment income $44K · Total revenue $181K
+24%
Program self-sufficiency
Program service revenue $0 · Total expenses $163K
0%
Growth & trend
Revenue growth (YoY)
This year $181K · Prior year $174K
+4%
Revenue CAGR
FY2020 $141K · FY2024 $181K
+6%
Net-asset trend (YoY)
End of year $565K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $181K · Expenses $163K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $568K
Net-asset ratio
Net assets $565K · Total assets $568K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $520K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $568K
92%
People & payroll
Highest Reported Total Compensation
Individual Nancy McKay · Reported title Chair · Highest reported compensation $0 · Total expenses $163K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $163K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 6%
Fundraising cost ratio 7%
Revenue growth 4%
Investment management fee ratio 1%
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 · FY2024
Total grants receivedfrom 3 funders$66K
See all 3 funders →
Grants paid · 49 grants · $542K · 2020–2024
Zero Waste WashingtonWA · FY2024$15,000
Sustainable ConnectionsWA · FY2024$15,000
Friends of the San JuansWA · FY2024$15,000
Toxic-Free FutureWA · FY2024$12,000
Climate SolutionsWA · FY2024$10,000
Zero Waste WashingtonWA · FY2023$10,000
Washington Water TrustWA · FY2023$10,000
Sightline InstituteWA · FY2023$10,000
Remote EnergyWA · FY2023$10,000
Kulshan Carbon TrustWA · FY2023$10,000
See all 49 grants →

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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)$181K revenue · viewing · ⤓ 990 PDF
FY2023$174K revenue · ⤓ 990 PDF
FY2022$81K revenue · ⤓ 990 PDF
FY2021$243K revenue · ⤓ 990 PDF
FY2020$141K 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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