Mypath FY2024 filing

Tax-deductible

San Francisco, CA501(c)(3)EIN 94-3098928Revenue $3.1M in FY2024

On file with the IRSmypathus.org2430 Mission St, 94110-2415 · San Francisco, CATax-exempt since May 1994Publicly supported charity — 170(b)(1)(A)(vi)

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MyPath engages low-income young people in banking, saving and credit-building to improve their access to college, jobs, housing and affordable loans. Ultimately, we teach them how to use financial products and goal-setting to achieve upward mobility and their potential.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$632K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $35K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$632K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.3M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$251K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+44% vs prior year
Spent
$2.7M
To programs
80%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$3.1M
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$1.8M
FY2022$2.9M
FY2023$2.1M
FY2024$3.1M
FY2025$3.3M
Expenses
$2.7M
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.4M
FY2022$2.6M
FY2023$3.1M
FY2024$2.7M
FY2025$3.2M
Net assets
$1.6M
FY2024▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.0M
FY2022$2.3M
FY2023$1.3M
FY2024$1.6M
FY2025$1.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1994.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.2M Management & general 12% · $341K Fundraising 7% · $203K

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

8 people listed on the 990; $632K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Founder & CEO
$158,116Pt VII · Sec A
$133,545Pt VII · Sec A
$120,893Pt VII · Sec A
$118,720Pt VII · Sec A
$100,869Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret Libby$160,540$158,116$155,621$165,171$152,410$153,753
Andrea Geise$137,426$120,893————
Claudia Stillwell$136,337$133,545$131,676$125,147$116,715$111,872
Noelle Hylton—$100,869$130,563$130,825$116,070$110,526
Mounir Tyler———$129,850$127,758$118,805
Claudia Villicana$128,424$118,720————
Ivan Becerra—————$114,019
Leslie Prado$107,899—————

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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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 15aYes

Programs and updates

Teaches low-income youth banking, saving, and credit to build financial futures and achieve goals.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2023
01

In the fiscal year ending June 30, 2024, MyPath served more than 3,400 young people across the US, helping them embark on a path to long-term financial stability through foundational financial education, connections to youth-friendly financial products, personal financial mentoring, youth leadership training, guaranteed income…

$2.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Citi FoundationFY2024$400K
Total grants receivedfrom 7 funders$1.3M
See all 7 funders →
Grants paid · 15 grants · $300K · 2019–2024
Unitemized GrantFY2024$54,979
Unitemized GrantFY2024$29,000
Unitemized GrantFY2024$22,671
Unitemized GrantFY2024$1,315
Unitemized GrantFY2023$24,880
Unitemized GrantFY2023$22,500
Unitemized GrantFY2023$1,607
Unitemized GrantFY2022$22,770
Unitemized GrantFY2022$19,957
Unitemized GrantFY2022$2,239
Unitemized GrantFY2021$20,569
Unitemized GrantFY2021$12,550
Unitemized GrantFY2021$1,833
Unitemized GrantFY2020$30,674
Unitemized GrantFY2019$32,348

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$21K
Fees for servicesLn 2g$6K
Money outPt IX
$2.7M
Ln 25
Programscol B$2.2M
Managementcol C$341K
Fundraisingcol D$203K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.9M
LiabilitiesLn 26$251K
PeoplePt VI, VII
8
listed · VII A
PaidVII A5
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$1.6M
Fees for servicesLn 2g$6K
Investment incomeLn 3$21K
Gains on assetsLn 7$0
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$530K
SavingsLn 2$862K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$78K
Other assetsLn 15$126K
Total assetsLn 16$1.9M
LiabilitiesLn 26$251K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 523
VolunteersI 625
Fiscal year endsHeaderJune
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$1.4M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$74K$78K
Total assetsLn 16$1.6M$1.9M
LiabilitiesLn 26$289K$251K
Net assetsLn 32$1.3M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$49K$49K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$622K$346K$147K$128K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.0M$910K$80K$30K
Pension plan contributionsLn 8$31K$27K$4K
Other employee benefitsLn 9$134K$119K$8K$7K
Payroll taxesLn 10$122K$95K$16K$11K
Management feesLn 11a$0
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$13K$13K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$463K$432K$26K$5K
Advertising and promotionLn 12$0
Office expensesLn 13$72K$62K$7K$3K
Information technologyLn 14$92K$84K$5K$3K
RoyaltiesLn 15$0
OccupancyLn 16$13K$10K$1K$918
TravelLn 17$24K$20K$3K$671
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$17K$7K$10K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$25K$25K$594$194
InsuranceLn 23$17K$14K$2K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$2.7M$2.2M$341K$203K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.2M$38K$1.7M 990 PDF
FY2024 Viewing $3.1M$2.7M$307K$1.6M 990 PDF
FY2023 $2.1M$3.1M−$1.0M$1.3M 990 PDF
FY2022 $2.9M$2.6M$301K$2.3M 990 PDF
FY2021 $1.8M$2.4M−$631K$2.0M 990 PDF
FY2020 $3.7M$2.5M$1.2M$2.7M 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 FY2024 990 (6 parts)
Part I · Summary $3,051,373 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,087,989$3,024,402
I-9 Program service revenuePrior year $5,522$5,783
I-10 Investment incomePrior year $23,387$21,188
I-11 Other revenue$0
I-12 Total revenuePrior year $2,116,898$3,051,373
I-13 Grants and similar amounts paidPrior year $44,966$48,987
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,211,961$1,928,502
I-16a Professional fundraising feesPrior year $23,940$13,380
I-17 Other expensesPrior year $843,343$753,050
I-18 Total expensesPrior year $3,124,210$2,743,919
I-19 Revenue less expensesPrior year −$1,007,312$307,454
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,051,373 across 10 lines filed
VIII-1e Government grants$1,606,900
VIII-1f All other contributions, gifts and grants$1,417,502
VIII-1h Total contributions, gifts and grants$3,024,402
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,783$5,783
VIII-3 Investment incomeExcluded from tax $21,188$21,188
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,783 · Excluded from tax $21,188$3,051,373
Part IX · Statement of functional expenses $2,743,919 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $48,987$48,987
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $346,429 · Management $147,353 · Fundraising $127,785$621,567
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $910,419 · Management $79,509 · Fundraising $29,945$1,019,873
IX-8 Pension plan contributionsPrograms $26,580 · Management $4,440$31,020
IX-9 Other employee benefitsPrograms $118,592 · Management $8,483 · Fundraising $6,668$133,743
IX-10 Payroll taxesPrograms $95,163 · Management $15,973 · Fundraising $11,163$122,299
IX-11a Management fees$0
IX-11b Legal feesManagement $15,000$15,000
IX-11c Accounting feesManagement $15,200$15,200
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $13,380$13,380
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $431,648 · Management $26,245 · Fundraising $4,800$462,693
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $62,199 · Management $6,695 · Fundraising $3,428$72,322
IX-14 Information technologyPrograms $83,965 · Management $4,617 · Fundraising $3,129$91,711
IX-15 Royalties$0
IX-16 OccupancyPrograms $10,337 · Management $1,459 · Fundraising $918$12,714
IX-17 TravelPrograms $19,873 · Management $3,370 · Fundraising $671$23,914
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $7,198 · Management $9,851$17,049
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $24,612 · Management $594 · Fundraising $194$25,400
IX-23 InsurancePrograms $13,778 · Management $2,014 · Fundraising $1,255$17,047
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,199,780 · Management $340,803 · Fundraising $203,336$2,743,919
Part X · Balance sheet $1,894,892 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $248,955$530,295
X-2 Savings and temporary cash investmentsStart of year $995,395$862,136
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $132,642$248,092
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $76,476$50,812
X-10c Land, buildings and equipment, netStart of year $74,391$78,031
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $98,205$125,526
X-16 Total assetsStart of year $1,626,064$1,894,892
X-17 Accounts payable and accrued expensesStart of year $289,478$228,506
X-19 Deferred revenue$22,346
X-26 Total liabilitiesStart of year $289,478$250,852
X-27 Net assets without donor restrictionsStart of year $858,340$946,543
X-28 Net assets with donor restrictionsStart of year $478,246$697,497
X-32 Total net assets or fund balancesStart of year $1,336,586$1,644,040
X-33 Total liabilities and net assetsStart of year $1,626,064$1,894,892
Part XI · Reconciliation of net assets $1,644,040 net assets at year end
XI-1 Total revenue$3,051,373
XI-2 Total expenses$2,743,919
XI-3 Revenue less expenses$307,454
XI-4 Net assets at start of year$1,336,586
XI-10 Net assets at end of year$1,644,040

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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