Pathway to the Future Learning Center INC

Tax-deductible

Indianapolis, IN501(c)(3)Human ServicesEIN 38-3681150Revenue $992K in FY2024

On file with the IRSpathwayindy.org10119 John Marshall Dr, 46235-2384 · Indianapolis, INTax-exempt since Jul 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Mission statement: Pathway resource center's mission is to foster affordable housing, transportation services, provide training and resources to create opportunities that promote resident self-sufficiency while bridging the "digital divide and reducing welfare dependency and crime. The target population includes underserved, low-income residents (seniors, women, black males, at-risk youth and families) living within amber woods apartments and residents living on the far eastside of indianapolis and surrounding areas.vision statement: Pathway is a caring transformational Center of excellence that contributes to the workforce, family and economic development of the community. Their culture fosters professionalism, honesty, and integrity through a supportive Learning environment that is accessible and affordable to residents.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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 $1.2M a year · 63% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $278K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$666K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$992K
+18% vs prior year
Spent
$911K
To programs
84%
Net assets
$6.8M
By yearFY2020–FY2024
Revenue
$992K
FY2024▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.2M
FY2021$648K
FY2022$1.6M
FY2023$837K
FY2024$992K
Expenses
$911K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$368K
FY2021$494K
FY2022$725K
FY2023$893K
FY2024$911K
Net assets
$6.8M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.6M
FY2021$6.4M
FY2022$7.2M
FY2023$6.7M
FY2024$6.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2003.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $769K Management & general 15% · $137K Fundraising 1% · $5K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
See Pathway to the Future Learning Center INC 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 15aNo

Programs and updates

Provides housing, training, and resources to help low-income residents become self-sufficient.

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Provided by the organization

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1 program · $769K · in their own filed words · FY2024
01

Pathway serves residences on the far eastside to include amber woods apartments and surrounding communities in indianapolis. Pathway provides a variety of events and activities for youth and adults, including a computer lab.

$769Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$278K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$992K
Ln 12
Gifts and grantsLn 1h$667K
Investment incomeLn 3$295K
Fees for servicesLn 2g$31K
Money outPt IX
$911K
Ln 25
Programscol B$769K
Managementcol C$137K
Fundraisingcol D$5K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$7.4M
LiabilitiesLn 26$666K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$667K
Fees for servicesLn 2g$31K
Investment incomeLn 3$295K
Total revenueLn 12$992K
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$185K
Total assetsLn 16$7.4M
LiabilitiesLn 26$666K
Net assetsLn 32$6.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$229K$185K
Total assetsLn 16$7.4M$7.4M
LiabilitiesLn 26$742K$666K
Net assetsLn 32$6.7M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$535$535
Other salaries and wagesLn 7$333K$333K
Payroll taxesLn 10$29K$29K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$18K$14K$4K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$64K$45K$19K
OccupancyLn 16$336K$229K$107K
TravelLn 17$53K$53K
Depreciation, depletion and amortizationLn 22$44K$41K$3K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$911K$769K$137K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $992K$911K$81K$6.8M 990 PDF
FY2023 $837K$893K−$55K$6.7M 990 PDF
FY2022 $1.6M$725K$886K$7.2M 990 PDF
FY2021 $648K$494K$153K$6.4M 990 PDF
FY2020 $5.2M$368K$4.8M$5.6M 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 FY2024 990 (6 parts)
Part I · Summary $992,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $506,658$666,678
I-9 Program service revenuePrior year $42,117$30,751
I-10 Investment incomePrior year $288,710$294,877
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $837,485$992,306
I-13 Grants and similar amounts paidPrior year $4,000$535
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $356,104$362,275
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $532,468$548,150
I-18 Total expensesPrior year $892,572$910,960
I-19 Revenue less expensesPrior year −$55,087$81,346
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $992,306 across 6 lines filed
VIII-1d Related organizations$4,611
VIII-1f All other contributions, gifts and grants$662,067
VIII-1h Total contributions, gifts and grants$666,678
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,751$30,751
VIII-3 Investment incomeUnrelated business $102,246 · Excluded from tax $192,631$294,877
VIII-12 Total revenueRelated to mission $30,751 · Unrelated business $102,246 · Excluded from tax $192,631$992,306
Part IX · Statement of functional expenses $910,960 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $535$535
IX-7 Other salaries and wagesPrograms $333,428$333,428
IX-10 Payroll taxesPrograms $28,847$28,847
IX-11b Legal feesManagement $4,490$4,490
IX-11c Accounting feesPrograms $13,505 · Management $4,480$17,985
IX-12 Advertising and promotionPrograms $23,512$23,512
IX-13 Office expensesPrograms $45,400 · Management $18,594$63,994
IX-16 OccupancyPrograms $229,042 · Management $106,750$335,792
IX-17 TravelPrograms $53,114$53,114
IX-22 Depreciation, depletion and amortizationPrograms $41,224 · Management $2,844$44,068
IX-24 Other expenses (24a–d)Fundraising $5,195$5,195
IX-25 Total functional expensesPrograms $768,607 · Management $137,158 · Fundraising $5,195$910,960
Part X · Balance sheet $7,437,705 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,229,901$1,085,352
X-4 Accounts receivableStart of year $5,971,434$6,164,065
X-9 Prepaid expenses and deferred chargesStart of year $2,245$3,568
X-10c Land, buildings and equipment, netStart of year $228,534$184,720
X-16 Total assetsStart of year $7,432,114$7,437,705
X-17 Accounts payable and accrued expensesStart of year $71,014$54,810
X-25 Other liabilitiesStart of year $671,164$611,613
X-26 Total liabilitiesStart of year $742,178$666,423
X-27 Net assets without donor restrictionsStart of year $5,989,936$6,731,282
X-28 Net assets with donor restrictionsStart of year $700,000$40,000
X-32 Total net assets or fund balancesStart of year $6,689,936$6,771,282
X-33 Total liabilities and net assetsStart of year $7,432,114$7,437,705
Part XI · Reconciliation of net assets $6,771,282 net assets at year end
XI-1 Total revenue$992,306
XI-2 Total expenses$910,960
XI-3 Revenue less expenses$81,346
XI-4 Net assets at start of year$6,689,936
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,771,282

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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