New Pathways INC FY2021 filing

EIN 41-1945426 Public charity (501(c)(3)) Cambridge, MN NTEE P99
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Revenue & expenses by yearFY2021–FY2024
Revenue
$634K
FY2021
Expenses
$400K
FY2021

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).


Helps homeless families with children find shelter, support, and resources. For fiscal year 2021 it reported $634K in revenue, $400K in expenses, and $815K in net assets.Pt I

Founded
1999
Type
Public charity (501(c)(3)) · Human Services
Location
Cambridge, MN
Website
www.newpathwaysmn.com
Filings
4 on file (2021–2021)
Revenue
$634KFY2021
Expenses
$400K
Net assets
$815K
People
9
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/1/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Helps homeless families with children find shelter, support, and resources.
Leadership
Tammy Odonovan · Secretaryas of Nov2020
Money in and out
$634K revenue, $400K expenses
Bottom line
97% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 6 funders, incl. Hearth Connection

$202K in the latest grant year. Details →

Spent on programs?

good 97% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$1–10M

Details →

Where the money goes · FY2021
Total revenue
$634K
Pt VIII · Ln 12
Total expenses
$400K
Pt IX · Ln 25
Net assets
$815K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $235K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
21.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$844K
FY2021
Total liabilities
$29K
FY2021
Revenue less expensesPt I · Ln 19$235K
Total assetsPt X · Ln 16$844K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CNew Pathways INC
EINHdr · item D41-1945426
Principal addressHdr · item CCambridge, MN
WebsiteHdr · item Jwww.newpathwaysmn.com
Year of formationHdr · item L1999
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFSep 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretaryas of Nov2020
$0Pt VII · Sec A
Board Memberas of June2020
$0Pt VII · Sec A
Board Memberas of Feb2021
$0Pt VII · Sec A
Board Memberas of Nov2020
$0Pt VII · Sec A
Board Memberas of June2020
$0Pt VII · Sec A
Board Memberas of June2020
$0Pt VII · Sec A
Vice Presidentas of May2020
$0Pt VII · Sec A
Treasureras of May2020
$0Pt VII · Sec A

Mary Ann Westlund’s $77K as Executive Director is at the 16th percentile of top reported officer pay among 3868 $1–10M human services 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.

See New Pathways INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $390K of program spending, described in the organization's own filed words · FY2020.
01

New Pathways provides services that help families with children experiencing homelessness access resource information to address their specific area of need. Services include shelter, case management, advocacy, skills training and access to phone, showers and laundry, personal care items, a mailing address and Internet access.

$390Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$562K · 89%
Program service revenue$72K · 11%
Contributions & grants89%$562K
Program service revenue11%$72K
Investment income$391
Total revenueLn 12$634K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$390K
Management & general3%$10K
Total functional expensesLn 25$400K

Balance Sheet

Part X · end of year
CashLn 1$686K
Total assetsLn 16$844K
Total liabilitiesLn 26$29K
Total net assetsLn 32$815K
Months of cash on handcomputed20.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $686K · Operating expenses (Pt IX) $400K · Less non-cash grants $9K · Cash operating expenses/yr $391K
21.1 months
Where the money goes
Program services
Program services $390K · Total expenses $400K
97%
Management & General
Management & general $10K · Total expenses $400K
3%
Fundraising
Fundraising $0 · Total expenses $400K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $562K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $562K · Total revenue $634K
89%
Government reliance
Government grants — · Total revenue $634K
—
Earned-income share
Program service revenue $72K · Total revenue $634K
11%
Investment reliance
Investment income $391 · Total revenue $634K
+0.06%
Program self-sufficiency
Program service revenue $72K · Total expenses $400K
18%
Growth & trend
Revenue growth (YoY)
This year $634K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $815K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $634K · Expenses $400K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $844K
—
Net-asset ratio
Net assets $815K · Total assets $844K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $844K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tammy Odonovan · Reported title SecretaryAs of Nov2020 · Highest reported compensation $0 · Total expenses $400K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $243K · Total expenses $400K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Accounting fee ratio 2%——

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 6 funders$202K
See all 6 funders →
Grants paid · 1 grant · $185K · 2024–2024
Unitemized GrantFY2024$184,511

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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$790K revenue · ⤓ 990 PDF
FY2023$577K revenue · ⤓ 990 PDF
FY2022$624K revenue · ⤓ 990 PDF
FY2021$634K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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