Jacobs Pathway Foundation INC EIN 87-3660962 Form 990 (PDF) Claim this org

Jacobs Pathway Foundation INC FY2024 filing

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Helps families of fallen heroes with school tuition and medical expenses. For fiscal year 2024 it reported $17K in revenue, $11K in expenses, and $123K in net assets.Pt I

Founded
2021
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Marietta, GA
Website
www.jacobspathwayfoundation.com
Filings
4 on file (2022–2024)
Revenue
$17KFY2024
Expenses
$11K
Net assets
$123K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-3660962 Public foundation / grantmaker Marietta, GA Founded 2021
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Helps families of fallen heroes with school tuition and medical expenses.
Leadership
Tyler Davidson · Director
Money in and out
$17K revenue, $11K expenses
Bottom line
15% program efficiency
Grants paid & assets · FY2024
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $0.15 Management & general $0.18 Fundraising $0.67
Program efficiency
15%
of spending reaches programs
Operating runway
131.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17K
FY2024▼ -2%
Expenses
$11K
FY2024▼ -30%
Total assets
$123K
FY2024▲ +15%
Total liabilities
$0
FY2024
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$11K
Pt IX · Ln 25
Net assets
$123K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$123K
Program-expense ratioPt IX · col B15%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $2K of program spending, described in the organization's own filed words · FY2024.
01

To directly assist families of fallen servicemen and first responders, which may include activities such as paying school tuition or medical expenses for disadvantaged children of fallen firefighters, police officers, or members of armed forces.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJacobs Pathway Foundation INC
EINHdr · item D87-3660962
Principal addressHdr · item CMarietta, GA
Year of formationHdr · item L2021
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T99)
Ruling yearIRS BMFJul 2022

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 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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$14K · 83%
Investment income$3K · 17%
Contributions & grants83%$14K
Investment income17%$3K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.15 Management & general $0.18 Fundraising $0.67
Program services15%$2K
Management & general18%$2K
Fundraising67%$8K
Total functional expensesLn 25$11K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$123K
Total liabilitiesLn 26$0
Total net assetsLn 32$123K
Months of cash on handcomputed18.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $123K · Operating expenses/yr $11K
131.1 months
Where the money goes
Program services
Program services $2K · Total expenses $11K
15%
Management & General
Management & general $2K · Total expenses $11K
18%
Fundraising
Fundraising $8K · Total expenses $11K
67%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $47K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $14K · Total revenue $17K
83%
Government reliance
Government grants — · Total revenue $17K
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $3K · Total revenue $17K
+17%
Program self-sufficiency
Program service revenue $0 · Total expenses $11K
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $17K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $123K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $11K
+32%
Liabilities-to-Assets
Total liabilities — · Total assets $123K
Net-asset ratio
Net assets $123K · Total assets $123K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $106K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $123K
86%
People & payroll
Highest Reported Total Compensation
Individual Tyler Davidson · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $11K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $11K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 15%
Overhead ratio 18%
Fundraising cost ratio 55%
Revenue growth -2%
Investment management fee ratio 1%
Accounting fee ratio 6%

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 · FY2021
Total grants receivedfrom 1 funder$15K

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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)$23K revenue · ⤓ 990 PDF
FY2024$17K revenue · viewing · ⤓ 990 PDF
FY2023$17K revenue · ⤓ 990 PDF
FY2022$113K revenue · ⤓ 990 PDF

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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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