Pathstone Foundation EIN 46-4871866

Pathstone Foundation FY2021 filing

EIN  46-4871866 Public foundation / grantmaker Rochester, NY
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Supports PathStone Corporation's mission and activities.
Leadership
Money in and out
$808K revenue, $651K expenses
Bottom line
46% program efficiency

Supports PathStone Corporation's mission and activities. For fiscal year 2021 it reported $808K in revenue, $651K in expenses, and $661K in net assets.Pt I

Grants paid & assets · FY2021
Total revenue
$808K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$661K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $157K
Where spending went · Part IX cols B–D
Program services $0.46 Management & general $0.25 Fundraising $0.29
Program efficiency
46%
of spending reaches programs
Operating runway
15.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$808K
FY2021▲ +41%
Expenses
$651K
FY2021▲ +222%
Total assets
$831K
FY2021▲ +48%
Total liabilities
$170K
FY2021▲ +106%
Total revenue
$808K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$661K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$831K
Program-expense ratioPt IX · col B46%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $299K of program spending, described in the organization's own filed words · FY2020.
01

PathStone Foundation operates to raise funds to support the activities and mission of PathStone Corporation, a visionary, diverse organization empowering individuals, families and communities to attain economic and social resources for building better lives.

$299Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPathstone Foundation
EINHdr · item D46-4871866
Principal addressHdr · item CRochester, NY
WebsiteHdr · item Jpathstone.foundation
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T11)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 15aNo
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
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Pathstone CEO
$0Pt VII · Sec A
See Pathstone Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$808K
Total revenueLn 12$808K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.46 Management & general $0.25 Fundraising $0.29
Program services46%$299K
Management & general25%$160K
Fundraising29%$192K
Total functional expensesLn 25$651K

Balance Sheet

Part X · end of year
CashLn 1$672K
Total assetsLn 16$831K
Total liabilitiesLn 26$170K
Total net assetsLn 32$661K
Months of cash on handcomputed12.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $831K · Operating expenses/yr $651K
15.3 months
Where the money goes
Program services
Program services $299K · Total expenses $651K
46%
Management & General
Management & general $160K · Total expenses $651K
25%
Fundraising
Fundraising $192K · Total expenses $651K
29%
Cost to raise $1
Fundraising expense (2-yr avg) $138K · Solicited contributions (2-yr avg) $689K
$0.20 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $808K · Total revenue $808K
100%
Government reliance
Government grants — · Total revenue $808K
Earned-income share
Program service revenue $0 · Total revenue $808K
0%
Investment reliance
Investment income $0 · Total revenue $808K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $651K
0%
Growth & trend
Revenue growth (YoY)
This year $808K · Prior year $573K
+41%
Net-asset trend (YoY)
End of year $661K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $808K · Expenses $651K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $831K
Net-asset ratio
Net assets $661K · Total assets $831K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $160K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $831K
19%
People & payroll
Highest Reported Total Compensation
Individual Fernando Santiago · Reported title Chair · Highest reported compensation $0 · Total expenses $651K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $651K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 46%
Overhead ratio 25%
Fundraising cost ratio 24%
Revenue growth 41%
Accounting 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 5 grants · $1.2M · 2019–2023
Pathstone CorporationNY · FY2023$29,777
Pathstone CorporationNY · FY2022$84,000
Pathstone CorporationNY · FY2021$888,663
Pathstone CorporationNY · FY2020$191,752
Pathstone CorporationNY · FY2019$20,965

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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)$176K revenue · ⤓ 990 PDF
FY2023$515K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$808K revenue · viewing · ⤓ 990 PDF
FY2020$573K revenue · ⤓ 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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