Veterans Path INC FY2020 filing

Colorado Springs, COUnknown exempt organization EIN 47-4428490Revenue $315K in FY2020

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.

76¢ of each $1 spent went to programs.
$112K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $151K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
Spent
$625K
To programs
76%
Net assets
$152K
By yearFY2020–FY2023
Revenue
$315K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$523K
FY2022$392K
FY2023$398K
Expenses
$625K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$625K
FY2021$427K
FY2022$499K
FY2023$538K
Net assets
$152K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$248K
FY2022$140K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

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

76 cents of each dollar spent went to programs.

Program services 76% · $478K Management & general 11% · $72K Fundraising 12% · $75K

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; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$111,700Pt VII · Sec A
President/Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary/Clerk
$0Pt VII · Sec A
Board Member Emeritus
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $406K · in their own filed words · FY2020
01

Online Anchor Program

Now fully online, our anchor program combines a 5-day intensive with a 15-week practice period, supporting veterans struggling with reintegration issues that can include post-traumatic stress, military sexual trauma, substance abuse, and family/caregiver matters.

$222Kprogram expense
02

General Programs

In an effort to expand our offerings safely during COVID we have partnered with various organizations to offer mindfulness training via classes, workshops, and other online programming. Additionally, these partnerships will use innovative technologies to provide immediate, confidential 24/7 support - for veterans by veterans - so that…

$136Kprogram expense
03

Mindful Littles

We're offering MYSELFTM (Mindfulness, Yoga, Service, Social-Emotional Learning & Fun), a free program for children of veterans, ages K-5. This 5-week program is fundamentally rooted in the principles of self-compassion and agency.

$48Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Gifts and grantsLn 1h$298K
Fees for servicesLn 2g$17K
Investment incomeLn 3$69
Money outPt IX
$625K
Ln 25
Programscol B$478K
Managementcol C$72K
Fundraisingcol D$75K
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$198K
LiabilitiesLn 26$46K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$298K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$17K
Investment incomeLn 3$69
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$183K
Cash and savings togetherLn 1–2$183K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$198K
LiabilitiesLn 26$46K
Net assetsLn 32$152K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$380K$183K
Land, buildings, equipmentLn 10c$136$0
Total assetsLn 16$462K$198K
LiabilitiesLn 26$650$46K
Net assetsLn 32$461K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$56K$22K$34K
Other salaries and wagesLn 7$46K$32K$7K$7K
Other employee benefitsLn 9$2K$238$1K
Payroll taxesLn 10$12K$6K$3K$4K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$350K$302K$19K$30K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$4K$3K$2K$43
Information technologyLn 14$18K$17K$1K
OccupancyLn 16$3K$3K
TravelLn 17$10K$10K$340
InterestLn 20$117$117
Depreciation, depletion and amortizationLn 22$136$136
InsuranceLn 23$6K$5K$422$527
Other expenses (24a–d)Ln 24$11K$11K$0$0
Total functional expensesLn 25$625K$478K$72K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $398K$538K−$140K$0 990 PDF
FY2022 $392K$499K−$108K$140K 990 PDF
FY2021 $523K$427K$97K$248K 990 PDF
FY2020 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $315,376 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $629,518$298,298
I-9 Program service revenuePrior year $183,000$17,009
I-10 Investment incomePrior year $194$69
I-11 Other revenuePrior year $20$0
I-12 Total revenuePrior year $812,732$315,376
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 $47,413$171,998
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $290,811$452,758
I-18 Total expensesPrior year $338,224$624,756
I-19 Revenue less expensesPrior year $474,508−$309,380
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
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 $315,376 across 12 lines filed
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$298,298
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$298,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,009 · Unrelated business $0 · Excluded from tax $0$17,009
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $69$69
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $17,009 · Unrelated business $0 · Excluded from tax $69$315,376
Part IX · Statement of functional expenses $624,756 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $55,850 · Management $22,340 · Fundraising $33,510$111,700
IX-7 Other salaries and wagesPrograms $31,831 · Management $7,251 · Fundraising $7,214$46,296
IX-9 Other employee benefitsPrograms $238 · Management $1,426$1,664
IX-10 Payroll taxesPrograms $6,239 · Management $2,591 · Fundraising $3,508$12,338
IX-11c Accounting feesManagement $15,642$15,642
IX-11g Other fees for servicesPrograms $301,589 · Management $18,733 · Fundraising $30,130$350,452
IX-12 Advertising and promotionPrograms $33,226$33,226
IX-13 Office expensesPrograms $2,603 · Management $1,741 · Fundraising $43$4,387
IX-14 Information technologyPrograms $17,307 · Management $1,148$18,455
IX-16 OccupancyPrograms $2,902$2,902
IX-17 TravelPrograms $9,681 · Fundraising $340$10,021
IX-20 InterestManagement $117$117
IX-22 Depreciation, depletion and amortizationManagement $136$136
IX-23 InsurancePrograms $5,454 · Management $422 · Fundraising $527$6,403
IX-24 Other expenses (24a–d)Programs $11,017 · Management $0 · Fundraising $0$11,017
IX-25 Total functional expensesPrograms $477,937 · Management $71,547 · Fundraising $75,272$624,756
Part X · Balance sheet $197,925 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $379,507$183,264
X-9 Prepaid expenses and deferred chargesStart of year $6,735$14,661
X-10c Land, buildings and equipment, netStart of year $136$0
X-16 Total assetsStart of year $461,568$197,925
X-17 Accounts payable and accrued expensesStart of year $650$28,220
X-24 Unsecured notes and loans payable$18,167
X-26 Total liabilitiesStart of year $650$46,387
X-27 Net assets without donor restrictionsStart of year $460,918$151,538
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $460,918$151,538
X-33 Total liabilities and net assetsStart of year $461,568$197,925
Part XI · Reconciliation of net assets $151,538 net assets at year end
XI-1 Total revenue$315,376
XI-2 Total expenses$624,756
XI-3 Revenue less expenses−$309,380
XI-4 Net assets at start of year$460,918
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$151,538

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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