The Way FY2021 filing

Tax-deductible

Evergreen, CO501(c)(3)EducationEIN 36-4899108Revenue $388K in FY2021

On file with the IRS410 Elmgreen Ln, 80439-9626 · Evergreen, COTax-exempt since Oct 2018Publicly supported — 509(a)(2)

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Move men from frustration & fear to clarity & courage in every dimension of their lives.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $45K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $284K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$388K
-6% vs prior year
Spent
$364K
To programs
81%
Net assets
$193K
By yearFY2020–FY2024
Revenue
$388K
FY2021▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$413K
FY2021$388K
FY2022$381K
FY2023$382K
FY2024$562K
Expenses
$364K
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$308K
FY2021$364K
FY2022$347K
FY2023$403K
FY2024$477K
Net assets
$193K
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$169K
FY2021$193K
FY2022$208K
FY2023$187K
FY2024$272K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $293K Management & general 19% · $71K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
$97,570Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeff Spadafora’s $97K as Chairman is at the 82nd percentile of top reported officer pay among 1613 $100K–1M education 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
Jeff Spadafora$96,744$80,795$97,506$97,570$160,686
Jon Sborov$75,140$100,295———

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.

See The Way executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers men to overcome frustration and fear, fostering clarity and courage in all life areas.

Questions for The Way

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Provided by the organization

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2 programs · $293K · in their own filed words · FY2021
01

Tuition

This is the core of what is accomplished thru the way. Several hundred hours of voluntary service provided supporting the poorest of poor and sharing how much we love them, how much god loves them, and how jesus bridges all human bak into a healthy relationship with god once AGAIN0. 80% of members are on full scholarship.

$293Kprogram expense
02

Coaching

This continues to provide living expenses and program fees necessary to keep leading the 41 men who are part of the way.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 1 grant · $15K · 2024–2024
Unitemized GrantFY2024$14,800

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$388K
Ln 12
Gifts and grantsLn 1h$203K
Fees for servicesLn 2g$185K
Money outPt IX
$364K
Ln 25
Programscol B$293K
Managementcol C$71K
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$214K
LiabilitiesLn 26$21K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$203K
Fees for servicesLn 2g$185K
Total revenueLn 12$388K
Assets in detailPt X, end of year
CashLn 1$164K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$50K
Total assetsLn 16$214K
LiabilitiesLn 26$21K
Net assetsLn 32$193K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$119K$164K
InvestmentsLn 11–13$50K$50K
Total assetsLn 16$170K$214K
LiabilitiesLn 26$845$21K
Net assetsLn 32$169K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$144K$144K
Other salaries and wagesLn 7$3K$3K
Payroll taxesLn 10$11K$11K
Other fees for servicesLn 11g$46K$46K
Office expensesLn 13$24K$24K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$65K$65K
InsuranceLn 23$440$440
Other expenses (24a–d)Ln 24$63K$63K
Total functional expensesLn 25$364K$293K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $562K$477K$85K$272K 990 PDF
FY2023 $382K$403K−$21K$187K 990 PDF
FY2022 $381K$347K$34K$208K 990 PDF
FY2021 Viewing $388K$364K$24K$193K 990 PDF
FY2020 $413K$308K$105K$169K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $388,007 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,314$202,573
I-9 Program service revenuePrior year $236,289$185,434
I-10 Investment incomePrior year $2,413$0
I-11 Other revenuePrior year $20,800$0
I-12 Total revenuePrior year $412,816$388,007
I-13 Grants and similar amounts paidPrior year $8,504$5,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $170,479$157,719
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,102$200,592
I-18 Total expensesPrior year $308,085$363,711
I-19 Revenue less expensesPrior year $104,731$24,296
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $388,007 across 4 lines filed
VIII-1f All other contributions, gifts and grants$202,573
VIII-1h Total contributions, gifts and grants$202,573
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,434$185,434
VIII-12 Total revenueRelated to mission $185,434 · Unrelated business $0 · Excluded from tax $0$388,007
Part IX · Statement of functional expenses $363,711 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $5,400$5,400
IX-5 Pay of current officers, directors and key staffPrograms $143,830$143,830
IX-7 Other salaries and wagesPrograms $2,646$2,646
IX-10 Payroll taxesPrograms $11,243$11,243
IX-11g Other fees for servicesManagement $46,390$46,390
IX-13 Office expensesManagement $23,707$23,707
IX-17 TravelPrograms $1,902$1,902
IX-19 Conferences, conventions and meetingsPrograms $64,940$64,940
IX-23 InsuranceManagement $440$440
IX-24 Other expenses (24a–d)Programs $63,213$63,213
IX-25 Total functional expensesPrograms $293,174 · Management $70,537 · Fundraising $0$363,711
Part X · Balance sheet $213,942 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $119,094$164,402
X-4 Accounts receivableStart of year $285−$587
X-12 Other securitiesStart of year $50,127$50,127
X-16 Total assetsStart of year $169,506$213,942
X-25 Other liabilitiesStart of year $845$20,985
X-26 Total liabilitiesStart of year $845$20,985
X-27 Net assets without donor restrictionsStart of year $168,661$192,957
X-32 Total net assets or fund balancesStart of year $168,661$192,957
X-33 Total liabilities and net assetsStart of year $169,506$213,942
Part XI · Reconciliation of net assets $192,957 net assets at year end
XI-1 Total revenue$388,007
XI-2 Total expenses$363,711
XI-3 Revenue less expenses$24,296
XI-4 Net assets at start of year$168,661
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$192,957

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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