Path Foundation INC FY2025 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1991Recreation & SportsEIN 58-1949696

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Designing and building a bicycle and pedestrian trail system through metro atlanta and helping other georgia cities advance trail development.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$720K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.2M a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$720K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$642K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.1M
-27% vs prior year
Spent
$12.9M
To programs
93%
Net assets
$18.0M
By yearFY2021–FY2025
Revenue
$16.1M
FY2025▼ -27%
Revenue by fiscal year
FY2021$6.4M
FY2022$9.5M
FY2023$9.3M
FY2024$22.0M
FY2025$16.1M
FY2025$18.5M
Expenses
$12.9M
FY2025▼ -10%
Expenses by fiscal year
FY2021$10.4M
FY2022$10.6M
FY2023$9.1M
FY2024$14.3M
FY2025$12.9M
FY2025$18.3M
Net assets
$18.0M
FY2025▲ +21%
Net assets by fiscal year
FY2021$8.0M
FY2022$6.9M
FY2023$7.1M
FY2024$14.9M
FY2025$18.0M
FY2025$18.3M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1991.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $12.1M Management & general 4% · $558K Fundraising 2% · $283K

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

25 people listed on the 990; $720K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$427,322Pt VII · Sec A
Construction Manager
$292,311Pt VII · Sec A
Board Member/Secretary
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Greta Demayo’s $464K as Executive Director is at the 76th percentile of top reported officer pay among 290 $10–100M recreation & sports 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 · 6 named individuals · Part VII

NameFY2025FY2025FY2024FY2023FY2022FY2021
Edwin E McBrayer———$175,967$482,087$536,636
Greta Demayo$463,504$427,322$371,153$369,088$349,499$279,000
Pete Pellegrini$331,336$292,311$281,225$278,536$276,684$235,449
Jonathan McCaig———$157,941$217,973$187,438
Seth a Bollinger$180,183—————
Claire Kern——$176,625———

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 Path Foundation INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and designs bicycle and pedestrian trails in Atlanta and other Georgia cities.

Provided by the organization

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1 program service account for $12.1M of program spending, described in the organization's own filed words · FY2024.
01

The organization has partnered to master plan and develop trails with the city of atlanta, many cities and counties in metro atlanta and the state of georgia. The organization has planned trail systems for our partners and assisted with implementation of trail segments.

$12.1Mprogram expense

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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 · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.1M
Ln 12
Gifts and grantsLn 1h$12.6M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$197K
Money outPt IX
$12.9M
Ln 25
Programscol B$12.1M
Managementcol C$558K
Fundraisingcol D$283K
Owns and owesPt X
$18.0M
net assets · Ln 32
Cash and savingsLn 1–2$9.7M
Total assetsLn 16$18.7M
LiabilitiesLn 26$642K
PeoplePt VI, VII
25
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.6M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$197K
Other incomeLn 4–11$12
Total revenueLn 12$16.1M
Assets in detailPt X, end of year
SavingsLn 2$9.7M
Cash and savings togetherLn 1–2$9.7M
InvestmentsLn 11–13$983K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$18.7M
LiabilitiesLn 26$642K
Net assetsLn 32$18.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderMarch
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 FY25End FY25
Cash and savingsLn 1–2$6.3M$9.7M
InvestmentsLn 11–13$945K$983K
Land, buildings, equipmentLn 10c$9K$1K
Total assetsLn 16$16.5M$18.7M
LiabilitiesLn 26$1.7M$642K
Net assetsLn 32$14.9M$18.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$988K$744K$139K$106K
Other employee benefitsLn 9$45K$35K$8K$2K
Payroll taxesLn 10$49K$38K$8K$3K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$207K$207K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$5K$5K
TravelLn 17$21K$18K$3K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$158K$89K$64K$4K
Other expenses (24a–d)Ln 24$11.4M$11.2M$28K$168K
All other expensesLn 24e$48K$2K$46K
Total functional expensesLn 25$12.9M$12.1M$558K$283K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Viewing $16.1M$12.9M$3.1M$18.0M 990 PDF
FY2024 $22.0M$14.3M$7.7M$14.9M 990 PDF
FY2023 $9.3M$9.1M$247K$7.1M 990 PDF
FY2022 $9.5M$10.6M−$1.1M$6.9M 990 PDF
FY2021 $6.4M$10.4M−$3.9M$8.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $16,072,290 across 6 lines filed
VIII-1f All other contributions, gifts and grants$12,570,954
VIII-1h Total contributions, gifts and grants$12,570,954
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,304,044$3,304,044
VIII-3 Investment incomeExcluded from tax $197,280$197,280
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12$12
VIII-12 Total revenueRelated to mission $3,304,056 · Unrelated business $0 · Excluded from tax $197,280$16,072,290
Part IX · Statement of functional expenses $12,937,596 across 12 lines filed
IX-7 Other salaries and wagesPrograms $743,548 · Management $138,773 · Fundraising $105,764$988,085
IX-9 Other employee benefitsPrograms $34,675 · Management $7,764 · Fundraising $2,131$44,570
IX-10 Payroll taxesPrograms $38,061 · Management $7,592 · Fundraising $2,966$48,619
IX-11f Investment management feesManagement $14,203$14,203
IX-11g Other fees for servicesManagement $207,449$207,449
IX-12 Advertising and promotionManagement $29,525$29,525
IX-13 Office expensesManagement $4,886$4,886
IX-17 TravelPrograms $18,246 · Management $2,636$20,882
IX-22 Depreciation, depletion and amortizationManagement $7,328$7,328
IX-23 InsurancePrograms $89,411 · Management $64,205 · Fundraising $4,074$157,690
IX-24 Other expenses (24a–d)Programs $11,170,789 · Management $28,329 · Fundraising $167,729$11,366,847
IX-24e All other expensesPrograms $1,845 · Management $45,667$47,512
IX-25 Total functional expensesPrograms $12,096,575 · Management $558,357 · Fundraising $282,664$12,937,596
Part X · Balance sheet $18,661,009 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,336,843$9,693,106
X-3 Pledges and grants receivableStart of year $9,209,531$7,956,589
X-4 Accounts receivableStart of year $1,111$202
X-9 Prepaid expenses and deferred chargesStart of year $23,597$26,440
X-10c Land, buildings and equipment, netStart of year $9,063$1,184
X-11 Publicly traded securitiesStart of year $944,592$983,488
X-16 Total assetsStart of year $16,524,737$18,661,009
X-17 Accounts payable and accrued expensesStart of year $1,662,430$641,707
X-26 Total liabilitiesStart of year $1,662,430$641,707
X-27 Net assets without donor restrictionsStart of year $6,725,493$10,791,156
X-28 Net assets with donor restrictionsStart of year $8,136,814$7,228,146
X-32 Total net assets or fund balancesStart of year $14,862,307$18,019,302
X-33 Total liabilities and net assetsStart of year $16,524,737$18,661,009
Part XI · Reconciliation of net assets $18,019,302 net assets at year end
XI-1 Total revenue$16,072,290
XI-2 Total expenses$12,937,596
XI-3 Revenue less expenses$3,134,694
XI-4 Net assets at start of year$14,862,307
XI-5 Net unrealized gains (losses) on investments$22,301
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,019,302

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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