The Path INC EIN 46-4894140

The Path INC

EIN  46-4894140 Public charity (501(c)(3)) Estancia, NM
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Preserves and conserves heritage seeds through education and awareness.
Leadership
Heather Hall-Dudney · Treasurer
Money in and out
$366K revenue, $312K expenses
Bottom line
64% program efficiency

Preserves and conserves heritage seeds through education and awareness. For fiscal year 2024 it reported $366K in revenue, $312K in expenses, and $95K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$95K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Program efficiency
64%
of spending reaches programs
Operating runway
2.6mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +301% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$366K
FY2024▲ +315%
Total revenue
$366K
Pt VIII · Ln 12
Total expenses
$312K
Pt IX · Ln 25
Net assets
$95K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$96K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $200K of program spending, described in the organization's own filed words · FY2024.
01

The Paths purpose is to address, educate, coordinate, and provide educational awareness on a local and global level. The Path is dedicated to the education, preservation, and conservation of heritage and heirloom seeds for future generations.The Path provides education by providing free and paid for lectures and slideshows, and films in…

$159Kprogram expense
02

THE PATH AIMS TO COLLABORATE WITH OTHER ORGANIZATIONS, INCLUDING THE SONG CARRIERS WOMEN'S CIRCLE. THE SONG CARRIERS WOMEN'S CIRCLE IS dedicated to holding and nurturing medicine songs of the ancestors, as well as birthing and activating new songs of the Earth, while weaving a communal space of balance and creativity with ceremonial…

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Path INC
EINHdr · item D46-4894140
Principal addressHdr · item CEstancia, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$355K · 97%
Other revenue$11K · 3%
Contributions & grants97%$355K
Other revenue3%$11K
Total revenueLn 12$366K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$200K
Management & general36%$112K
Total functional expensesLn 25$312K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$96K
Total liabilitiesLn 26$1K
Total net assetsLn 32$95K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $312K
2.6 months
Where the money goes
Program services
Program services $200K · Total expenses $312K
64%
Management & General
Management & general $112K · Total expenses $312K
36%
Fundraising
Fundraising $0 · Total expenses $312K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $355K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $355K · Total revenue $366K
97%
Government reliance
Government grants — · Total revenue $366K
Earned-income share
Program service revenue $0 · Total revenue $366K
0%
Investment reliance
Investment income $0 · Total revenue $366K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $312K
0%
Growth & trend
Revenue growth (YoY)
This year $366K · Prior year $88K
+315%
Revenue CAGR
FY2019 $54K · FY2024 $366K
+47%
Net-asset trend (YoY)
End of year $95K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $366K · Expenses $312K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $96K
Net-asset ratio
Net assets $95K · Total assets $96K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $96K
0%
People & payroll
Highest Reported Total Compensation
Individual Heather Hall-Dudney · Reported title Treasurer · Highest reported compensation $0 · Total expenses $312K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $312K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 36%
Fundraising cost ratio 0%
Revenue growth 315%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$46K
See all 4 funders →

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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)$366K revenue · viewing · ⤓ 990 PDF
FY2023$88K revenue · ⤓ 990 PDF
FY2022$51K revenue · ⤓ 990 PDF
FY2021$68K revenue · ⤓ 990 PDF
FY2020$78K revenue · ⤓ 990 PDF
FY2019$54K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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