Homegrown Pathways INC EIN 93-3147660 Form 990 (PDF) Claim this org

Homegrown Pathways INC

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Develops regional career and entrepreneurial pathways to boost economic mobility for rural youth. For fiscal year 2025 it reported $573K in revenue, $369K in expenses, and $234K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Education
Location
Ridgway, CO
Website
www.homegrownpathways.org
Filings
2 on file (2024–2025)
Revenue
$573KFY2025
Expenses
$369K
Net assets
$234K
People
5
Filings
2
Updates
0
More identity details & actions ⌄
EIN  93-3147660 Public charity (501(c)(3)) Ridgway, CO Founded 2023
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops regional career and entrepreneurial pathways to boost economic mobility for rural youth.
Leadership
Colin Lacy · Founder and President · $90K
Money in and out
$573K revenue, $369K expenses
Bottom line
91% program efficiency
Where the money goes · FY2025
Total revenue
$573K
Pt VIII · Ln 12
Total expenses
$369K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $205K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate▲ +464% vs prior filing year
Surplus margin
+36%
revenue over expenses, this year▲ +256% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$573K
FY2025▲ +99%
Expenses
$369K
FY2025▲ +42%
Total assets
$245K
FY2025▲ +693%
Total liabilities
$11K
FY2025▲ +482%
Total revenue
$573K
Pt VIII · Ln 12
Total expenses
$369K
Pt IX · Ln 25
Net assets
$234K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$205K
Total assetsPt X · Ln 16$245K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHomegrown Pathways INC
EINHdr · item D93-3147660
Principal addressHdr · item CRidgway, CO
WebsiteHdr · item Jwww.homegrownpathways.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMar 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
Founder and President
$90,333Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Colin Lacy’s $90K as Founder and President is at the 79th percentile of top reported officer pay among 1616 $100K–1M education 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.

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

NameFY2025FY2024
Colin Lacy$90,333$60,490

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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Mission & Programs · Part III

Where the work happens

3 program services account for $331K of program spending, described in the organization's own filed words · FY2025.
01

General Programs

The organization was launched via a federally funded planning process through three state-approved, americorps planning grants (serve colorado), in partnership with 9 school districts, 6 higher education institutions, and the largest workforce center on the western slope.

$280Kprogram expense
02

West Central

West central programming is specific activities related to spark lab implementation that were focused only within the counties of montrose, delta, gunnison, and ouray.

$33Kprogram expense
03

Youth Venture Fund

Homegrown pathways provided micro-grants to high school students who pitched their business and nonprofit venture ideas through spark lab, enabling them to take their first steps on their ideas.

$18Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$571K
Investment income$146
Other revenue$3K
Total revenueLn 12$573K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.01
Program services91%$336K
Management & general8%$28K
Fundraising1%$4K
Total functional expensesLn 25$369K

Balance Sheet

Part X · end of year
CashLn 1$243K
Total assetsLn 16$245K
Total liabilitiesLn 26$11K
Total net assetsLn 32$234K
Months of cash on handcomputed7.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $243K · Operating expenses/yr $369K
7.9 months
Where the money goes
Program services
Program services $336K · Total expenses $369K
91%
Management & General
Management & general $28K · Total expenses $369K
8%
Fundraising
Fundraising $4K · Total expenses $369K
1%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $430K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $571K · Total revenue $573K
100%
Government reliance
Government grants $0 · Total revenue $573K
0%
Earned-income share
Program service revenue $0 · Total revenue $573K
0%
Investment reliance
Investment income $146 · Total revenue $573K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $369K
0%
Growth & trend
Revenue growth (YoY)
This year $573K · Prior year $289K
+99%
Net-asset trend (YoY)
End of year $234K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $573K · Expenses $369K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $245K
Net-asset ratio
Net assets $234K · Total assets $245K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $245K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Colin Lacy · Reported title FOUNDER AND PRESIDENT · Highest reported compensation $90K · Total expenses $369K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $265K · Total expenses $369K
72%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 0.7%
Revenue growth 99%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$85K
Grants paid · 2 grants · $33K · 2024–2025
Unitemized GrantFY2025$14,293

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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)$573K revenue · viewing · ⤓ 990 PDF
FY2024$289K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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