Veterans Path INC FY2021 filing

Colorado Springs, COUnknown exempt organization EIN 47-4428490Revenue $523K in FY2021

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.

78¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.0 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
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$523K
+66% vs prior year
Spent
$427K
To programs
78%
Net assets
$248K
By yearFY2020–FY2023
Revenue
$523K
FY2021▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$523K
FY2022$392K
FY2023$398K
Expenses
$427K
FY2021▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$625K
FY2021$427K
FY2022$499K
FY2023$538K
Net assets
$248K
FY2021▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$248K
FY2022$140K
FY2023$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

78 cents of each dollar spent went to programs.

Program services 78% · $333K Management & general 11% · $48K Fundraising 11% · $46K

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; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$87,200Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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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3 programs · $288K · in their own filed words · FY2021
01

Online Anchor Program (brave)

The brave retreat (breathwork recalibration and veteran empowerment) was adapted to be fully online during covid. This year, brave will be a combination of in-person and online. Brave combines a 5-DAY intensive in-person retreat with a 15-WEEK online practice period and a 3-DAY in-person closing ceremony.

$117Kprogram 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…

$110Kprogram expense
03

Veteran Programming

Veteran's path has partnered with veterans exploring treatment solutions (vets) to offer accelerated mind performance training to recipients of vets' foundational healing grants. The multi-week training is one on one, followed by group sessions and further train-the-trainer programming for participants who seek a deeper level of practice…

$61Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$523K
Ln 12
Gifts and grantsLn 1h$523K
Investment incomeLn 3$21
Money outPt IX
$427K
Ln 25
Programscol B$333K
Managementcol C$48K
Fundraisingcol D$46K
Owns and owesPt X
$248K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$3K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$523K
Government grantsLn 1e$51K
Investment incomeLn 3$21
Total revenueLn 12$523K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$251K
LiabilitiesLn 26$3K
Net assetsLn 32$248K
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 FY21End FY21
Cash and savingsLn 1–2$183K$251K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$198K$251K
LiabilitiesLn 26$46K$3K
Net assetsLn 32$152K$248K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$60K$10K$17K
Other salaries and wagesLn 7$7K$3K$2K$2K
Other employee benefitsLn 9$2K$361$2K
Payroll taxesLn 10$8K$4K$2K$2K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$262K$227K$12K$24K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$2K$920$61
Information technologyLn 14$4K$2K$1K$140
OccupancyLn 16$207$207
TravelLn 17$11K$11K
InterestLn 20$306$306
InsuranceLn 23$6K$3K$2K$514
Other expenses (24a–d)Ln 24$16K$16K$0$0
Total functional expensesLn 25$427K$333K$48K$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $398K$538K−$140K$0 990 PDF
FY2022 $392K$499K−$108K$140K 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $523,345 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $298,298$523,324
I-9 Program service revenuePrior year $17,009$0
I-10 Investment incomePrior year $69$21
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $315,376$523,345
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 $171,998$104,300
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $452,758$322,494
I-18 Total expensesPrior year $624,756$426,794
I-19 Revenue less expensesPrior year −$309,380$96,551
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
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 $523,345 across 5 lines filed
VIII-1e Government grants$50,613
VIII-1f All other contributions, gifts and grants$472,711
VIII-1h Total contributions, gifts and grants$523,324
VIII-3 Investment incomeExcluded from tax $21$21
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21$523,345
Part IX · Statement of functional expenses $426,794 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $59,557 · Management $10,203 · Fundraising $17,440$87,200
IX-7 Other salaries and wagesPrograms $3,458 · Management $1,729 · Fundraising $1,729$6,916
IX-9 Other employee benefitsPrograms $361 · Management $1,622$1,983
IX-10 Payroll taxesPrograms $3,759 · Management $2,221 · Fundraising $2,221$8,201
IX-11c Accounting feesManagement $15,367$15,367
IX-11g Other fees for servicesPrograms $227,007 · Management $11,899 · Fundraising $23,577$262,483
IX-12 Advertising and promotionPrograms $3,935$3,935
IX-13 Office expensesPrograms $2,236 · Management $920 · Fundraising $61$3,217
IX-14 Information technologyPrograms $2,202 · Management $1,402 · Fundraising $140$3,744
IX-16 OccupancyPrograms $207$207
IX-17 TravelPrograms $11,407$11,407
IX-20 InterestManagement $306$306
IX-23 InsurancePrograms $2,818 · Management $2,435 · Fundraising $514$5,767
IX-24 Other expenses (24a–d)Programs $16,061 · Management $0 · Fundraising $0$16,061
IX-25 Total functional expensesPrograms $333,008 · Management $48,104 · Fundraising $45,682$426,794
Part X · Balance sheet $251,197 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $183,264$250,634
X-9 Prepaid expenses and deferred chargesStart of year $14,661$563
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $197,925$251,197
X-17 Accounts payable and accrued expensesStart of year $28,220$3,108
X-26 Total liabilitiesStart of year $46,387$3,108
X-27 Net assets without donor restrictionsStart of year $151,538$248,089
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $151,538$248,089
X-33 Total liabilities and net assetsStart of year $197,925$251,197
Part XI · Reconciliation of net assets $248,089 net assets at year end
XI-1 Total revenue$523,345
XI-2 Total expenses$426,794
XI-3 Revenue less expenses$96,551
XI-4 Net assets at start of year$151,538
XI-10 Net assets at end of year$248,089

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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