Veterans Path INC

Colorado Springs, COUnknown exempt organization EIN 47-4428490Revenue $398K in FY2023

On file with the IRSveteranspath.org1540 South 8th Street No 38546 · Colorado Springs, CO

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Veteran's PATH enables returning veterans to rediscover meaning, purpose, and joy in their lives through mindfulness, meditation, and a safe community. Our approach reconnects veterans with strength and service. Through practical tools of meditation and mindfulness, physical and outdoor experiences, and a community of camaraderie, veterans rediscover peace, acceptance, transformation and honor in a new journey forward. Veteran's PATH builds a community of support for veterans, offering mindfulness, wellness and meditation tools. All our events are offered free of charge for veterans who have served since 1990.

80¢ of each $1 spent went to programs.
Run by 5 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $115K a year · 28% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Named funders
3
named funders · $151K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$398K
+2% vs prior year
Spent
$538K
To programs
80%
Net assets
$0
By yearFY2020–FY2023
Revenue
$398K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$523K
FY2022$392K
FY2023$398K
Expenses
$538K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$625K
FY2021$427K
FY2022$499K
FY2023$538K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$248K
FY2022$140K
FY2023$0

From the FY2023 Form 990 (year ending October 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $432K Management & general 10% · $53K Fundraising 10% · $52K

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

6 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director - Resigned on 10/12/2023
$72,294Pt VII · Sec A
Director - Resigned on 11/8/2023
$20,600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
David Drake$72,294$92,200$87,200$111,700
Kim Smith$20,600———

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps veterans find purpose and joy through mindfulness, meditation, and community.

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Provided by the organization

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3 programs · $320K · in their own filed words · FY2023
01

Brave stands for breathwork recalibration and veteran empowerment. The retreat invites women veterans to a 5-DAY intensive in-person gathering followed by a 12-WEEK practice period online (in groups and individually with veteran's path facilitators) and ending with a 3-DAY reconvening in-person.

$134Kprogram expense
02

Amp Dojo

Naval special warfare veterans are taking initiative in the fight against suicide by identifying, researching, and validating new mental health treatments. One of the most promising is psychedelic-assisted therapy ("pat"), which continues to headline advances in mental health treatments with ongoing research in hundreds of universities…

$131Kprogram expense
03

Evidence Based Mindfulness Training

Accelerated mind performance (amptm) training teaches skills for developing mental resilience and agility. The online course meets 1 hour weekly for 6 weeks of instruction. Veterans learn the science of mind-body dynamics, effects of stress on the nervous system, and how to re-engage system regulation and attention after a disruption.

$55Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$151K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$398K
Ln 12
Gifts and grantsLn 1h$397K
Investment incomeLn 3$79
Other incomeLn 4–11$53
Money outPt IX
$538K
Ln 25
Programscol B$432K
Managementcol C$53K
Fundraisingcol D$52K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$397K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$79
Other incomeLn 4–11$53
Total revenueLn 12$398K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$171K$0
LiabilitiesLn 26$30K$0
Net assetsLn 32$140K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$3K$3K
Pay of current officers, directors and key staffLn 5$94K$62K$13K$19K
Payroll taxesLn 10$5K$2K$1K$2K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$18K$18K
Professional fundraising feesLn 11e$31K$31K
Other fees for servicesLn 11g$252K$240K$13K
Advertising and promotionLn 12$15K$15K$89
Office expensesLn 13$10K$9K$972
Information technologyLn 14$3K$2K$1K
OccupancyLn 16$4K$4K
TravelLn 17$31K$31K
InsuranceLn 23$8K$3K$4K$760
Other expenses (24a–d)Ln 24$61K$61K$0$0
Total functional expensesLn 25$538K$432K$53K$52K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $398K$538K−$140K$0 990 PDF
FY2022 $392K$499K−$108K$140K 990 PDF
FY2021 $523K$427K$97K$248K 990 PDF
FY2020 $315K$625K−$309K$152K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $397,547 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,550$397,415
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $25$79
I-11 Other revenuePrior year $0$53
I-12 Total revenuePrior year $391,575$397,547
I-13 Grants and similar amounts paidPrior year $0$3,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $101,580$99,063
I-16a Professional fundraising feesPrior year $0$31,001
I-17 Other expensesPrior year $397,870$404,397
I-18 Total expensesPrior year $499,450$537,761
I-19 Revenue less expensesPrior year −$107,875−$140,214
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $397,547 across 11 lines filed
Lines not itemized here account for $53 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$397,415
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$397,415
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $79$79
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $53 · Unrelated business $0 · Excluded from tax $79$397,547
Part IX · Statement of functional expenses $537,761 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $3,300$3,300
IX-5 Pay of current officers, directors and key staffPrograms $61,747 · Management $13,402 · Fundraising $18,688$93,837
IX-10 Payroll taxesPrograms $2,300 · Management $1,104 · Fundraising $1,822$5,226
IX-11b Legal feesManagement $1,600$1,600
IX-11c Accounting feesManagement $17,822$17,822
IX-11e Professional fundraising feesFundraising $31,001$31,001
IX-11g Other fees for servicesPrograms $239,675 · Management $12,760$252,435
IX-12 Advertising and promotionPrograms $15,030 · Fundraising $89$15,119
IX-13 Office expensesPrograms $9,417 · Management $972$10,389
IX-14 Information technologyPrograms $1,945 · Management $1,030$2,975
IX-16 OccupancyPrograms $3,759$3,759
IX-17 TravelPrograms $30,713$30,713
IX-23 InsurancePrograms $3,245 · Management $4,266 · Fundraising $760$8,271
IX-24 Other expenses (24a–d)Programs $61,314 · Management $0 · Fundraising $0$61,314
IX-25 Total functional expensesPrograms $432,445 · Management $52,956 · Fundraising $52,360$537,761
Part X · Balance sheet $0 assets, 6 lines filed
X-16 Total assetsStart of year $170,571$0
X-26 Total liabilitiesStart of year $30,357$0
X-27 Net assets without donor restrictionsStart of year $40,214$0
X-28 Net assets with donor restrictionsStart of year $100,000$0
X-32 Total net assets or fund balancesStart of year $140,214$0
X-33 Total liabilities and net assetsStart of year $170,571$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$397,547
XI-2 Total expenses$537,761
XI-3 Revenue less expenses−$140,214
XI-4 Net assets at start of year$140,214
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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