Pathways in Education - Memphis INC FY2021 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 2013EducationEIN 46-3518817Revenue $3.2M in FY2021

On file with the IRS320 N Halstead St Ste 210, 91107-3170 · Pasadena, CATax-exempt since Aug 2014School — 170(b)(1)(A)(ii)

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To provide alternative educational programs for the students in the community in which IT serves.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$255K 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
3 of 5
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$255K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$768K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
-4% vs prior year
Spent
$2.8M
To programs
93%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$3.2M
FY2021▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.2M
FY2022$2.3M
FY2023$231
FY2024$0
Expenses
$2.8M
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.8M
FY2022$2.4M
FY2023$506K
FY2024$0
Net assets
$1.7M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$1.6M
FY2023$1.1M
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · 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 Aug 2014.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $2.6M Management & general 7% · $208K

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; $255K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Cluster Director
$131,229Pt VII · Sec A
$123,680Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Valerie Brennan’s $116K as Regional Director is at the 95th percentile of top reported officer pay among 146 <$100K 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021
Martin McGreal——$131,229
Roderick Payne—$124,400$123,680
Valerie Brennan$116,315——

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers alternative education to help at-risk and disenfranchised youth succeed.

Provided by the organization

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1 program · $2.6M · in their own filed words · FY2020
01

Provide a high school education to the local community and supporting underserved students as well as empower, inspire and connect with students to help them achieve their goals.

$2.6Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$3.2M
Money outPt IX
$2.8M
Ln 25
Programscol B$2.6M
Managementcol C$208K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.5M
LiabilitiesLn 26$768K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$3.2M
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
Land, buildings, equipmentLn 10c$143K
Other assetsLn 15$8K
Total assetsLn 16$2.5M
LiabilitiesLn 26$768K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.3M$2.1M
Land, buildings, equipmentLn 10c$4K$143K
Total assetsLn 16$1.9M$2.5M
LiabilitiesLn 26$570K$768K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.4M$1.4M
Pension plan contributionsLn 8$23K$23K
Other employee benefitsLn 9$305K$305K
Payroll taxesLn 10$102K$102K
Management feesLn 11a$536K$429K$107K
Other fees for servicesLn 11g$53K$48K$5K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$52K$52K
Information technologyLn 14$5K$5K
OccupancyLn 16$227K$227K
TravelLn 17$9K$752$9K
Depreciation, depletion and amortizationLn 22$29K$23K$6K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$70K$65K$6K
Total functional expensesLn 25$2.8M$2.6M$208K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0$0$0 990 PDF
FY2023 $231$506K−$506K$1.1M 990 PDF
FY2022 $2.3M$2.4M−$117K$1.6M 990 PDF
FY2021 Viewing $3.2M$2.8M$379K$1.7M 990 PDF
FY2020 $3.3M$3.1M$276K$1.3M 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 $3,224,243 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,343,322$3,224,243
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,343,322$3,224,243
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,885,201$1,801,051
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,181,750$1,044,391
I-18 Total expensesPrior year $3,066,951$2,845,442
I-19 Revenue less expensesPrior year $276,371$378,801
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,224,243 across 4 lines filed
VIII-1e Government grants$3,223,767
VIII-1f All other contributions, gifts and grants$476
VIII-1h Total contributions, gifts and grants$3,224,243
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,224,243
Part IX · Statement of functional expenses $2,845,442 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,370,862$1,370,862
IX-8 Pension plan contributionsPrograms $22,670$22,670
IX-9 Other employee benefitsPrograms $305,379$305,379
IX-10 Payroll taxesPrograms $102,140$102,140
IX-11a Management feesPrograms $428,754 · Management $107,189$535,943
IX-11g Other fees for servicesPrograms $47,918 · Management $5,324$53,242
IX-12 Advertising and promotionManagement $23,257$23,257
IX-13 Office expensesManagement $52,395$52,395
IX-14 Information technologyPrograms $5,369$5,369
IX-16 OccupancyPrograms $226,864$226,864
IX-17 TravelPrograms $752 · Management $8,593$9,345
IX-22 Depreciation, depletion and amortizationPrograms $23,363 · Management $5,841$29,204
IX-23 InsurancePrograms $38,578$38,578
IX-24 Other expenses (24a–d)Programs $64,608 · Management $5,586$70,194
IX-25 Total functional expensesPrograms $2,637,257 · Management $208,185 · Fundraising $0$2,845,442
Part X · Balance sheet $2,450,821 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,333,762$2,065,114
X-4 Accounts receivableStart of year $507,094$216,341
X-9 Prepaid expenses and deferred chargesStart of year $20,644$18,375
X-10c Land, buildings and equipment, netStart of year $3,900$142,581
X-15 Other assetsStart of year $8,410$8,410
X-16 Total assetsStart of year $1,873,810$2,450,821
X-17 Accounts payable and accrued expensesStart of year $199,330$136,923
X-19 Deferred revenueStart of year $3,850$3,850
X-24 Unsecured notes and loans payableStart of year $290,000$568,727
X-25 Other liabilitiesStart of year $76,363$58,253
X-26 Total liabilitiesStart of year $569,543$767,753
X-27 Net assets without donor restrictionsStart of year $1,304,267$1,683,068
X-32 Total net assets or fund balancesStart of year $1,304,267$1,683,068
X-33 Total liabilities and net assetsStart of year $1,873,810$2,450,821
Part XI · Reconciliation of net assets $1,683,068 net assets at year end
XI-1 Total revenue$3,224,243
XI-2 Total expenses$2,845,442
XI-3 Revenue less expenses$378,801
XI-4 Net assets at start of year$1,304,267
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,683,068

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

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