Veterans Path INC EIN 47-4428490 Form 990 (PDF) Claim this org

Veterans Path INC FY2021 filing

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Helps veterans find purpose and joy through mindfulness, meditation, and community. For fiscal year 2021 it reported $523K in revenue, $427K in expenses, and $248K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Colorado Springs, CO
Website
www.veteranspath.org
Filings
4 on file (2020–2021)
Revenue
$523KFY2021
Expenses
$427K
Net assets
$248K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  47-4428490 Unknown exempt organization Colorado Springs, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →
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Size
$100K–1M
What they do
Helps veterans find purpose and joy through mindfulness, meditation, and community.
Leadership
David Drake · Executive Director · $87K
Money in and out
$523K revenue, $427K expenses
Bottom line
+18% surplus margin
Reported financial activity · FY2021
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$248K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $97K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Surplus margin
+18%
revenue over expenses, this year
Program spending
78%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$523K
FY2021▲ +66%
Expenses
$427K
FY2021▼ -32%
Total assets
$251K
FY2021▲ +27%
Total liabilities
$3K
FY2021▼ -93%
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$427K
Pt IX · Ln 25
Net assets
$248K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$97K
Total assetsPt X · Ln 16$251K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $288K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVeterans Path INC
EINHdr · item D47-4428490
Principal addressHdr · item CColorado Springs, CO
WebsiteHdr · item Jwww.veteranspath.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
David Drake$111,700
David Drake$72,294$92,200$87,200
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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Statement of Revenue

Part VIII
Contributions & grants100%$523K
Investment income$21
— government grantsLn 1e$51K
Total revenueLn 12$523K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.11 Fundraising $0.11
Program services78%$333K
Management & general11%$48K
Fundraising11%$46K
Total functional expensesLn 25$427K

Balance Sheet

Part X · end of year
CashLn 1$251K
Total assetsLn 16$251K
Total liabilitiesLn 26$3K
Total net assetsLn 32$248K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $251K · Operating expenses/yr $427K
7.0 months
Where the money goes
Program services
Program services $333K · Total expenses $427K
78%
Management & General
Management & general $48K · Total expenses $427K
11%
Fundraising
Fundraising $46K · Total expenses $427K
11%
Cost to raise $1
Fundraising expense (2-yr avg) $60K · Solicited contributions (2-yr avg) $386K
$0.16 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $523K · Total revenue $523K
100%
Government reliance
Government grants $51K · Total revenue $523K
10%
Earned-income share
Program service revenue $0 · Total revenue $523K
0%
Investment reliance
Investment income $21 · Total revenue $523K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $427K
0%
Growth & trend
Revenue growth (YoY)
This year $523K · Prior year $315K
+66%
Net-asset trend (YoY)
End of year $248K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $523K · Expenses $427K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $251K
Net-asset ratio
Net assets $248K · Total assets $251K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $251K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Drake · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $87K · Total expenses $427K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $104K · Total expenses $427K
24%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 11%
Fundraising cost ratio 9%
Revenue growth 66%
Accounting fee ratio 4%

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 · FY2023
Total grants receivedfrom 3 funders$151K
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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
FY2023 (Latest)$398K revenue · ⤓ 990 PDF
FY2022$392K revenue · ⤓ 990 PDF
FY2021$523K revenue · viewing · ⤓ 990 PDF
FY2020$315K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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