Pathway Learning Center EIN 47-2349959

Pathway Learning Center

EIN  47-2349959 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Pathway Learning Center claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Offers training in social services and enterprise to build leadership skills.
Leadership
Penelope Vang · Managing Director · $55K
Money in and out
$88K revenue, $200K expenses
Bottom line
79% program efficiency

Offers training in social services and enterprise to build leadership skills. For fiscal year 2024 it reported $88K in revenue, $200K in expenses, and $509K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$111K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.17 Fundraising $0.04
Program efficiency
79%
of spending reaches programs
Operating runway
11.1mo
months of highly liquid reserves at operating expense rate▼ -75% vs prior filing year
Surplus margin
-126%
revenue over expenses, this year▼ -3215% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$88K
FY2024▼ -64%
Expenses
$200K
FY2024▼ -16%
Total assets
$832K
FY2024▼ -9%
Total liabilities
$323K
FY2024▲ +158%
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$200K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$111K
Total assetsPt X · Ln 16$832K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $157K of program spending, described in the organization's own filed words · FY2024.
01

Pathway Learning Center PLC delivered professional development workforce training and entrepreneurial development services to support community members. By integrating professional learning job training and social-enterprise models we advanced economic mobility and strengthened our communitys capacity.

$157Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPathway Learning Center
EINHdr · item D47-2349959
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Director
$55,465Pt VII · Sec A
$0Pt VII · Sec A
Secertary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Penelope Vang’s $55K as Managing Director is at the 89th percentile of top reported officer pay among 113 <$100K youth development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Penelope Vang$55,465$54,056$63,750$29,984$6,300

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.

See Pathway Learning Center executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Investment income$46K · 52%
Program service revenue$41K · 47%
Contributions & grants$1K · 2%
Investment income52%$46K
Program service revenue47%$41K
Contributions & grants2%$1K
Total revenueLn 12$88K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.17 Fundraising $0.04
Program services79%$157K
Management & general17%$34K
Fundraising4%$8K
Total functional expensesLn 25$200K

Balance Sheet

Part X · end of year
CashLn 1$38K
Total assetsLn 16$832K
Total liabilitiesLn 26$323K
Total net assetsLn 32$509K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $170K · Operating expenses (Pt IX) $200K · Less non-cash grants $15K · Cash operating expenses/yr $185K
11.1 months
Where the money goes
Program services
Program services $157K · Total expenses $200K
79%
Management & General
Management & general $34K · Total expenses $200K
17%
Fundraising
Fundraising $8K · Total expenses $200K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $448
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $88K
2%
Government reliance
Government grants $0 · Total revenue $88K
0%
Earned-income share
Program service revenue $41K · Total revenue $88K
47%
Investment reliance
Investment income $46K · Total revenue $88K
+52%
Program self-sufficiency
Program service revenue $41K · Total expenses $200K
21%
Growth & trend
Revenue growth (YoY)
This year $88K · Prior year $247K
-64%
Revenue CAGR
FY2020 $113K · FY2024 $88K
-6%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $88K · Expenses $200K
-126%
Liabilities-to-Assets
Total liabilities — · Total assets $832K
Net-asset ratio
Net assets $509K · Total assets $832K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $132K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $832K
16%
People & payroll
Highest Reported Total Compensation
Individual Penelope Vang · Reported title Managing Director · Highest reported compensation $55K · Total expenses $200K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $98K · Total expenses $200K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 17%
Fundraising cost ratio 623%
Revenue growth -64%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
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 · FY2020
Total grants receivedfrom 1 funder$6K

Similar Organizations

Closest in mission — by what they do
See all organizations like Pathway Learning Center →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$88K revenue · viewing · ⤓ 990 PDF
FY2023$247K revenue · ⤓ 990 PDF
FY2022$24K revenue · ⤓ 990 PDF
FY2021$129K revenue · ⤓ 990 PDF
FY2020$113K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.