Pathway Initiative INC

Boston, MA · Public charity (501(c)(3)) · Human Services

✓ Tax-deductible Latest data FY2024
Revenue
$323K
-0.4% vs prior year
Spent
$422K
To programs
0%
Net assets
$21K

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

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?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Fidelity Investments Charitable Gift Fund
$19K in the latest grant year.
Spent on programs?
0% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
→ -0.4% vs prior year
Legal name (IRS)Hdr · item CPathway Initiative INC
EINHdr · item D85-2950396
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBoston, MA
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jtpwi.org

Financial health

Revenue & expenses by yearFY2023–FY2024
Revenue
$323K
FY2024-0.4%
Expenses
$422K
FY2024▲ +83%
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate▼ -88% vs prior filing year
Surplus margin
-31%
revenue over expenses, this year▼ -206% vs prior filing year
Donor-funded
100%
of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$21K
FY2024▼ -77%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19−$99K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$21K
Total liabilitiesLn 26$0
Total net assetsLn 32$21K
Months of cash on handcomputed0.6

Statement of Revenue

Part VIII
Contributions & grants100%$323K
— government grantsLn 1e$306K
Total revenueLn 12$323K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses/yr $422K
0.6 months
Where the money goes
Program services
Program services $0 · Total expenses $422K
not reported
Management & General
Management & general $0 · Total expenses $422K
not reported
Fundraising
Fundraising $0 · Total expenses $422K
not reported
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $64K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $323K · Total revenue $323K
100%
Government reliance
Government grants $306K · Total revenue $323K
95%
Earned-income share
Program service revenue $0 · Total revenue $323K
0%
Investment reliance
Investment income $0 · Total revenue $323K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $422K
0%
Growth & trend
Revenue growth (YoY)
This year $323K · Prior year $324K
-0.4%
Net-asset trend (YoY)
End of year $21K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $323K · Expenses $422K
-31%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
—
Net-asset ratio
Net assets $21K · Total assets $21K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $21K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lawrence Mensah · Reported title CEO · Highest reported compensation $17K · Total expenses $422K
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $382K · Total expenses $422K
91%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -0.4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——

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
$17,190Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
General Secretary
$0Pt VII · Sec A

Lawrence Mensah’s $17K as CEO is at the 9th percentile of top reported officer pay among 2168 $100K–1M human services 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.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Helps talented minority students pursue medical careers.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Oyea Summer City of Boston July to Sept

2024 - 61,877 oyea summer city of boston oct 23 to may 24 - 70,875 oyea summer city of boston oct 24 - 10,080 moia daca spring 24 - 102,194 moia daca spring 24 - 33,687 moia daca spring 24 - 17,325 misc grants - 10,150 donations - 17,190

Pt IX · col B

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Funders

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$19K
See all 3 funders →
Grants paid · 7 grants · $655K · 2023–2024
City of Boston Immigrant AdvancementFY2024$190,600
City of Boston SuccesslinkFY2024$142,832
City of Boston Immigrant AdvancementFY2023$122,732
PfizerFY2023$100,000
City of Boston SuccesslinkFY2023$80,175

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $323K$422K-0.4% 990 PDF
FY2023 $324K$231K 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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