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Paths for Success Foundation FY2022 filing

Montgomery, ALUnknown exempt organizationEIN 88-3777372Revenue $229K in FY2022

On file with the IRSpathsforsuccess.com8232 Old Federal Road · Montgomery, AL

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To assist alabama citizens in obtaining skills, credentials, and/or certifications that lead to gainful employment. To provide opportunities by eliminating barriers that impact an individual's ability to participate.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $159K a year · 23% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 15 voting members
Concern: none of 15 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229K
Spent
$392K
To programs
100%
Net assets
$1.1M
By yearFY2022–FY2023
Revenue
$229K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$229K
FY2023$1.1M
Expenses
$392K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$392K
FY2023$648K
Net assets
$1.1M
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$1.1M
FY2023$1.6M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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% · $392K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Baker
Board Member
$0Pt VII · Sec A
Sonny Brasfield
Board Member
$0Pt VII · Sec A
George Clark
Board Member
$0Pt VII · Sec A
Greg Cochran
Board Member
$0Pt VII · Sec A
Helena Duncan
Board Member
$0Pt VII · Sec A
Michelle Hurdle
Board Member
$0Pt VII · Sec A
Tim Lewis
Board Member
$0Pt VII · Sec A
Jeff Peoples
Board Member
$0Pt VII · Sec A
See Paths for Success Foundation executive salaries →

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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

Helps Alabamians gain skills and overcome barriers for better jobs.

Questions for Paths for Success Foundation

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Provided by the organization

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1 program · $392K · in their own filed words · FY2022
01

Provide scholarship funds to state COLLEGE/UNIVERISITY/COMMUNITY COLLEGES/TRADE schools

$392Kprogram expense

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 · 2 grants · $330K · 2022–2023
Northeast Alabama Community CollegeAL · FY2023$50,000
Unitemized GrantFY2022$280,452

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$229K
Ln 12
Gifts and grantsLn 1h$155K
Investment incomeLn 3$74K
Money outPt IX
$392K
Ln 25
Programscol B$392K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$1.1M
LiabilitiesLn 26$5K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Investment incomeLn 3$74K
Gains on assetsLn 7$29K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$331
Cash and savings togetherLn 1–2$92K
InvestmentsLn 11–13$980K
Other assetsLn 15$7K
Total assetsLn 16$1.1M
LiabilitiesLn 26$5K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
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$61K$92K
InvestmentsLn 11–13$1.2M$980K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$0$5K
Net assetsLn 32$1.2M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$280K$280K
Pay of current officers, directors and key staffLn 5$73K$73K
Legal feesLn 11b$25K$25K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$988$988
OccupancyLn 16$777$777
InterestLn 20$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$40$40
Total functional expensesLn 25$392K$392K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.1M$648K$481K$1.6M 990 PDF
FY2022 Viewing $229K$392K−$163K$1.1M 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
See the full FY2022 990 (6 parts)
Part I · Summary $229,272 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $43,200$155,450
I-9 Program service revenue$0
I-10 Investment incomePrior year $67,073$73,822
I-11 Other revenuePrior year $950$0
I-12 Total revenuePrior year $111,223$229,272
I-13 Grants and similar amounts paidPrior year $34,000$280,452
I-14 Benefits paid to members$0
I-15 Salaries and benefits$72,845
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $9,087$38,759
I-18 Total expensesPrior year $43,087$392,056
I-19 Revenue less expensesPrior year $68,136−$162,784
Part VI · Governance 0 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
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 $229,272 across 5 lines filed
VIII-1f All other contributions, gifts and grants$155,450
VIII-1h Total contributions, gifts and grants$155,450
VIII-3 Investment incomeRelated to mission $44,402$44,402
VIII-7 Net gain or loss on sales of assetsRelated to mission $29,420$29,420
VIII-12 Total revenueRelated to mission $73,822 · Unrelated business $0 · Excluded from tax $0$229,272
Part IX · Statement of functional expenses $392,056 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $280,452$280,452
IX-5 Pay of current officers, directors and key staffPrograms $72,845$72,845
IX-11b Legal feesPrograms $25,000$25,000
IX-11c Accounting feesPrograms $7,500$7,500
IX-13 Office expensesPrograms $988$988
IX-16 OccupancyPrograms $777$777
IX-20 InterestPrograms $3,389$3,389
IX-23 InsurancePrograms $1,065$1,065
IX-24 Other expenses (24a–d)Programs $40$40
IX-25 Total functional expensesPrograms $392,056 · Management $0 · Fundraising $0$392,056
Part X · Balance sheet $1,078,677 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $60,189$91,317
X-2 Savings and temporary cash investmentsStart of year $331$331
X-11 Publicly traded securitiesStart of year $1,163,027$980,314
X-15 Other assetsStart of year $1,200$6,715
X-16 Total assetsStart of year $1,224,747$1,078,677
X-25 Other liabilitiesStart of year $0$4,886
X-26 Total liabilitiesStart of year $0$4,886
X-32 Total net assets or fund balancesStart of year $1,224,747$1,073,791
X-33 Total liabilities and net assetsStart of year $1,224,747$1,078,677
Part XI · Reconciliation of net assets $1,073,791 net assets at year end
XI-1 Total revenue$229,272
XI-2 Total expenses$392,056
XI-3 Revenue less expenses−$162,784
XI-4 Net assets at start of year$1,224,747
XI-8 Prior period adjustments$11,828
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,073,791

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

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