New Pathways Tech INC FY2023 filing

Culpeper, VA · Public charity (501(c)(3)) · Since 2016 · Education

✓ Tax-deductible Latest data FY2023
Revenue
$79K
▲ +228% vs prior year
Spent
$49K
To programs
100%
Net assets
$49K
By yearFY2020–FY2025
Revenue
$79K
FY2023▲ +228%
Revenue by fiscal year
FY2020$51K
FY2021$148K
FY2022$24K
FY2023$79K
FY2024$299K
FY2025$199K
Expenses
$49K
FY2023▼ -60%
Expenses by fiscal year
FY2020$67K
FY2021$38K
FY2022$124K
FY2023$49K
FY2024$120K
FY2025$166K
Net assets
$49K
FY2023▲ +148%
Net assets by fiscal year
FY2020$10K
FY2021$120K
FY2022$20K
FY2023$49K
FY2024$228K
FY2025$260K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Fauquier Health Foundation
$20K in the latest grant year.
Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +228% vs prior year
Legal name (IRS)Hdr · item CNew Pathways Tech INC
EINHdr · item D81-5153416
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2017
Year of formationHdr · item L2016
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CCulpeper, VA
NTEE classificationIRS BMFEducation (B30)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$49K
Total functional expensesLn 25$49K

Financial health

Program efficiency
100%
of spending reaches programs
Operating runway
27.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$112K
FY2023▲ +30%
Total assets by fiscal year
FY2020$66K
FY2021$171K
FY2022$86K
FY2023$112K
FY2024$257K
FY2025$262K
Total liabilities
$63K
FY2023▼ -6%
Total liabilities by fiscal year
FY2020$56K
FY2021$51K
FY2022$66K
FY2023$63K
FY2024$29K
FY2025$2K
Revenue less expensesPt I · Ln 19$29K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$112K
Total liabilitiesLn 26$63K
Total net assetsLn 32$49K
Months of cash on handcomputed27.1

Statement of Revenue

Part VIII
Contributions & grants$45K · 57%
Program service revenue$34K · 43%
Contributions & grants57%$45K
Program service revenue43%$34K
Total revenueLn 12$79K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $49K
27.1 months
Where the money goes
Program services
Program services $49K · Total expenses $49K
100%
Management & General
Management & general $0 · Total expenses $49K
0%
Fundraising
Fundraising $0 · Total expenses $49K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $52K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $45K · Total revenue $79K
57%
Government reliance
Government grants — · Total revenue $79K
—
Earned-income share
Program service revenue $34K · Total revenue $79K
43%
Investment reliance
Investment income $0 · Total revenue $79K
0%
Program self-sufficiency
Program service revenue $34K · Total expenses $49K
69%
Growth & trend
Revenue growth (YoY)
This year $79K · Prior year $24K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $49K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $79K · Expenses $49K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
—
Net-asset ratio
Net assets $49K · Total assets $112K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual D Leon Fincher · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $49K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $49K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 228%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See New Pathways Tech INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
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

Mission and programs

Offers technical training and workforce development in Virginia's Piedmont region.

Provided by the organization

This section is blank until New Pathways Tech INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $49K of program spending, described in the organization's own filed words · FY2023.
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.

$49Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $199K$166K-33% 990 PDF
FY2024 $299K$120K+279% 990 PDF
FY2023 Viewing $79K$49K+228% 990 PDF
FY2022 $24K$124K-84% 990 PDF
FY2021 $148K$38K+189% 990 PDF
FY2020 $51K$67K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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