New Pathways Tech INC FY2020 filing

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EIN 81-5153416 Public charity (501(c)(3)) Culpeper, VA NTEE B30
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$51K
FY2020
Expenses
$67K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers technical training and workforce development in Virginia's Piedmont region. For fiscal year 2020 it reported $51K in revenue, $67K in expenses, and $10K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Education
Location
Culpeper, VA
Filings
6 on file (2020–2020)
Revenue
$51KFY2020
Expenses
$67K
Net assets
$10K
People
9
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Provided by the organization

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Size
$100K–1M
What they do
Offers technical training and workforce development in Virginia's Piedmont region.
Leadership
Sue Hansohn · President
Money in and out
$51K revenue, $67K expenses
Bottom line
97% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Fauquier Health Foundation

1 distinct foundation funder(s) on file, $20K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$51K
Pt VIII · Ln 12
Total expenses
$67K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
11.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-31%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$66K
FY2020
Total liabilities
$56K
FY2020
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$66K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CNew Pathways Tech INC
EINHdr · item D81-5153416
Principal addressHdr · item CCulpeper, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B30)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $65K of program spending, described in the organization's own filed words · FY2020.
01

New pathways tech, inc will develop programs that directly respond to the needs of the business community while empowering students to succeed in ways that meaningfully contribute to a culture of american ingenuity.

$65Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$26K · 51%
Contributions & grants$25K · 49%
Program service revenue51%$26K
Contributions & grants49%$25K
— government grantsLn 1e$10K
Total revenueLn 12$51K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$65K
Management & general3%$2K
Total functional expensesLn 25$67K

Balance Sheet

Part X · end of year
CashLn 1$66K
Total assetsLn 16$66K
Total liabilitiesLn 26$56K
Total net assetsLn 32$10K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $66K · Operating expenses/yr $67K
11.8 months
Where the money goes
Program services
Program services $65K · Total expenses $67K
97%
Management & General
Management & general $2K · Total expenses $67K
3%
Fundraising
Fundraising $0 · Total expenses $67K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $15K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $51K
49%
Government reliance
Government grants $10K · Total revenue $51K
19%
Earned-income share
Program service revenue $26K · Total revenue $51K
51%
Investment reliance
Investment income $0 · Total revenue $51K
0%
Program self-sufficiency
Program service revenue $26K · Total expenses $67K
39%
Growth & trend
Revenue growth (YoY)
This year $51K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $51K · Expenses $67K
-31%
Liabilities-to-Assets
Total liabilities — · Total assets $66K
—
Net-asset ratio
Net assets $10K · Total assets $66K
15%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $66K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sue Hansohn · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $67K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $67K
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.1%——

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 · FY2024
Total grants receivedfrom 1 funder$20K

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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
FY2025 (Latest)$199K revenue · ⤓ 990 PDF
FY2024$299K revenue · ⤓ 990 PDF
FY2023$79K revenue · ⤓ 990 PDF
FY2022$24K revenue · ⤓ 990 PDF
FY2021$148K revenue · ⤓ 990 PDF
FY2020$51K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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