Pathway Excel Foundation FY2022 filing

Frankfort, ILUnknown exempt organizationEIN 84-4540881Revenue $217K in FY2022

On file with the IRS719 Colony Lane · Frankfort, IL

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To develop educational programs and experiences to improve the quality of life of underserved and disadvantaged audiences.

100¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $0 a year · under 1% 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
+20% vs prior year
Spent
$213K
To programs
100%
Net assets
$40K
By yearFY2020–FY2024
Revenue
$217K
FY2022▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$400
FY2021$182K
FY2022$217K
FY2023$215
FY2024$0
Expenses
$213K
FY2022▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$36
FY2021$147K
FY2022$213K
FY2023$29K
FY2024$11K
Net assets
$40K
FY2022▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$364
FY2021$35K
FY2022$40K
FY2023$11K
FY2024$0

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $213K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$10,000Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
James Oliver$2,725$14,500$10,000

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 15aNo

Programs and updates

Develops educational programs and experiences to improve the quality of life for underserved audiences.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

To develop educational programs and experiences

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $327K · 2021–2022
Cottage House INCAL · FY2022$110,475
Individual RecipientFY2022$75,059
Cottage House INCAL · FY2021$87,875
Individual RecipientFY2021$53,288

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$217K
Ln 12
Gifts and grantsLn 1h$217K
Money outPt IX
$213K
Ln 25
Programscol B$213K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$40K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Government grantsLn 1e$217K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Total assetsLn 16$40K
LiabilitiesLn 26$0
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$35K$40K
Total assetsLn 16$35K$40K
LiabilitiesLn 26$0$0
Net assetsLn 32$35K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$187K$187K
Pay of current officers, directors and key staffLn 5$10K$10K
Management feesLn 11a$10K$10K
Legal feesLn 11b$10$10
Accounting feesLn 11c$420$420
Office expensesLn 13$6K$6K
Total functional expensesLn 25$213K$213K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$11K−$11K$0 990 PDF
FY2023 $215$29K−$29K$11K 990 PDF
FY2022 Viewing $217K$213K$4K$40K 990 PDF
FY2021 $182K$147K$35K$35K 990 PDF
FY2020 $400$36$364$364 990 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 FY2022 990 (6 parts)
Part I · Summary $217,465 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $181,797$217,465
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $181,797$217,465
I-13 Grants and similar amounts paidPrior year $142,163$186,694
I-14 Benefits paid to members$0
I-15 Salaries and benefits$10,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,543$16,686
I-18 Total expensesPrior year $146,706$213,380
I-19 Revenue less expensesPrior year $35,091$4,085
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $217,465 across 3 lines filed
VIII-1e Government grants$217,465
VIII-1h Total contributions, gifts and grants$217,465
VIII-12 Total revenue$217,465
Part IX · Statement of functional expenses $213,380 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $186,694$186,694
IX-5 Pay of current officers, directors and key staffPrograms $10,000$10,000
IX-11a Management feesPrograms $10,000$10,000
IX-11b Legal feesPrograms $10$10
IX-11c Accounting feesPrograms $420$420
IX-13 Office expensesPrograms $6,256$6,256
IX-25 Total functional expensesPrograms $213,380 · Management $0 · Fundraising $0$213,380
Part X · Balance sheet $39,540 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $35,455$39,540
X-16 Total assetsStart of year $35,455$39,540
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $35,455$39,540
X-32 Total net assets or fund balancesStart of year $35,455$39,540
X-33 Total liabilities and net assetsStart of year $35,455$39,540
Part XI · Reconciliation of net assets $39,540 net assets at year end
XI-1 Total revenue$217,465
XI-2 Total expenses$213,380
XI-3 Revenue less expenses$4,085
XI-4 Net assets at start of year$35,455
XI-10 Net assets at end of year$39,540

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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