To build innovative products & services to improve an individual's social and financial well-being

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
2 of 2
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$245K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.2M
To programs
85%
Net assets
$0
By yearFY2023–FY2024
Revenue
$1.2M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$1.2M
FY2024$1.0M
Expenses
$1.2M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$1.2M
FY2024$1.0M
Net assets
$0
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$0
FY2024$0

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Dec 2023.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.0M Management & general 12% · $146K Fundraising 3% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Business Development Officer
$0Pt VII · Sec A
See Greenpath Innovation Design 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

Develops new tools and services to boost people's social and financial health.

Questions for Greenpath Innovation Design

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2023
01

Product Development

Greenpath innovation design is focused on research, analysis and testing that leads to new products and services focused on improving the financial and social well being of underserved communities.

$1.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$160K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$146K
Fundraisingcol D$34K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$245K
LiabilitiesLn 26$245K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$141K
Cash and savings togetherLn 1–2$141K
Total assetsLn 16$245K
LiabilitiesLn 26$245K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$141K
Total assetsLn 16$0$245K
LiabilitiesLn 26$0$245K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$949K$769K$146K$34K
Pension plan contributionsLn 8$28K$28K
Other employee benefitsLn 9$53K$53K
Payroll taxesLn 10$52K$52K
Legal feesLn 11b$7K$7K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$592$592
Office expensesLn 13$61K$61K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$4K$4K
Total functional expensesLn 25$1.2M$1.0M$146K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.0M$1.0M$0$0 990 PDF
FY2023 Viewing $1.2M$1.2M$0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,201,821 revenue, 12 lines filed
I-8 Contributions and grants$1,201,821
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$1,201,821
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$1,081,723
I-16a Professional fundraising fees$0
I-17 Other expenses$120,098
I-18 Total expenses$1,201,821
I-19 Revenue less expenses$0
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,201,821 across 4 lines filed
VIII-1a Federated campaigns$80,000
VIII-1d Related organizations$1,121,821
VIII-1h Total contributions, gifts and grants$1,201,821
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,201,821
Part IX · Statement of functional expenses $1,201,821 across 10 lines filed
IX-7 Other salaries and wagesPrograms $768,637 · Management $145,600 · Fundraising $34,400$948,637
IX-8 Pension plan contributionsPrograms $28,124$28,124
IX-9 Other employee benefitsPrograms $53,397$53,397
IX-10 Payroll taxesPrograms $51,565$51,565
IX-11b Legal feesPrograms $7,309$7,309
IX-11g Other fees for servicesPrograms $40,667$40,667
IX-12 Advertising and promotionPrograms $592$592
IX-13 Office expensesPrograms $61,295$61,295
IX-17 TravelPrograms $6,140$6,140
IX-19 Conferences, conventions and meetingsPrograms $4,095$4,095
IX-25 Total functional expensesPrograms $1,021,821 · Management $145,600 · Fundraising $34,400$1,201,821
Part X · Balance sheet $244,805 assets, 9 lines filed
X-1 Cash, non-interest-bearing$140,831
X-4 Accounts receivable$103,974
X-16 Total assetsStart of year $0$244,805
X-17 Accounts payable and accrued expenses$244,805
X-26 Total liabilitiesStart of year $0$244,805
X-27 Net assets without donor restrictions$0
X-28 Net assets with donor restrictions$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$244,805
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,201,821
XI-2 Total expenses$1,201,821
XI-3 Revenue less expenses$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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