Boundless Community Pathways INC EIN 31-0794511 Form 990 (PDF) Claim this org

Boundless Community Pathways INC FY2022 filing

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Empowers individuals with developmental disabilities by providing essential support services to help them achieve their full potential and improve their general welfare. For fiscal year 2022 it reported $3.7M in revenue, $4.5M in expenses, and $-123K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Worthington, OH
Website
iamboundless.org
Filings
5 on file (2020–2022)
Revenue
$3.7MFY2022
Expenses
$4.5M
Net assets
$-123K
People
24
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-0794511 Public charity (501(c)(3)) Worthington, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Empowers individuals with developmental disabilities by providing essential support services to help them achieve their full potential and improve their general welfare.
Leadership
Patrick Maynard · President & CEO
Money in and out
$3.7M revenue, $4.5M expenses
Bottom line
90% program efficiency
Where the money goes · FY2022
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$4.5M
Pt IX · Ln 25
Net assets
$-123K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$757K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$3.7M
FY2022▲ +28%
Expenses
$4.5M
FY2022▲ +27%
Total assets
$2.6M
FY2022▼ -21%
Total liabilities
$2.7M
FY2022▲ +3%
Total revenue
$3.7M
Pt VIII · Ln 12
Total expenses
$4.5M
Pt IX · Ln 25
Net assets
$-123K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$757K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoundless Community Pathways INC
EINHdr · item D31-0794511
Principal addressHdr · item CWorthington, OH
WebsiteHdr · item Jiamboundless.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $4.0M of program spending, described in the organization's own filed words · FY2022.
01

Boundless Community Pathways offers several programs, including: - high-quality residential services to individuals with developmental disabilities who are living in the comfort of their own homes, - Adult day services designed to cater to the needs of the individual, whether they prefer to enjoy their day in a center, participate…

$2.0Mprogram expense
02

Sometimes, the only barrier to community integration is transportation. Not everyone Boundless serves has the ability to drive a car. Often, public transportation can't take a person we serve from their home directly to the door of an employer.

$1.1Mprogram expense
03

Workforce development goes beyond just preparing individuals for specific job requirements. It's about creating connections and fostering a sense of belonging. At Boundless, we specialize in helping employers find the perfect match among qualified job seekers with disabilities.

$1.0Mprogram expense

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Statement of Revenue

Part VIII
Program service revenue$3.0M · 81%
Contributions & grants$601K · 16%
Other revenue$117K · 3%
Program service revenue81%$3.0M
Contributions & grants16%$601K
Other revenue3%$117K
Total revenueLn 12$3.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$4.0M
Management & general10%$428K
Total functional expensesLn 25$4.5M

Balance Sheet

Part X · end of year
CashLn 1$128K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$2.7M
Total net assetsLn 32$-123K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $128K · Operating expenses/yr $4.5M
0.3 months
Where the money goes
Program services
Program services $4.0M · Total expenses $4.5M
90%
Management & General
Management & general $428K · Total expenses $4.5M
10%
Fundraising
Fundraising $0 · Total expenses $4.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $324K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $601K · Total revenue $3.7M
16%
Government reliance
Government grants — · Total revenue $3.7M
Earned-income share
Program service revenue $3.0M · Total revenue $3.7M
81%
Investment reliance
Investment income $0 · Total revenue $3.7M
0%
Program self-sufficiency
Program service revenue $3.0M · Total expenses $4.5M
67%
Growth & trend
Revenue growth (YoY)
This year $3.7M · Prior year $2.9M
+28%
Net-asset trend (YoY)
End of year $-123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.7M · Expenses $4.5M
-20%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $-123K · Total assets $2.6M
-5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.6M
0%
People & payroll
Highest Reported Total Compensation
Individual Patrick Maynard · Reported title PRESIDENT & CEO · Highest reported compensation $0 · Total expenses $4.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $4.5M
59%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 28%
Investment management fee ratio 0%
Legal fee ratio 0.04%
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 · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

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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)$70K revenue · ⤓ 990 PDF
FY2023$70K revenue · ⤓ 990 PDF
FY2022$3.7M revenue · viewing · ⤓ 990 PDF
FY2021$2.9M revenue · ⤓ 990 PDF
FY2020$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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