Civic Intelligence

Pathway Academy Inc

990 • Fiscal year 2018 • EIN 26-4717987

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 04, 2018

2015 East 72nd StreetKansas City, MO 64132

(816) 621-7100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$96,918

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-37%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,602,465

Down $1,175,765 (-31%) from 2017

Net Assets

Down

$2,588,097

Down $1,173,199 (-31%) from 2017

Liabilities

Down

$14,368

Down $2,566 (-15%) from 2017

Revenue

Down

$3,205,788

Down $1,906,704 (-37%) from 2017

Expenses

Down

$4,378,987

Down $572,009 (-12%) from 2017

Net Income

Down

-$1,173,199

Down $1,334,695 (-826%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2011: $1,231,884Liabilities 2011: $2,246,844Net Assets 2011: -$1,014,9602011Assets 2012: $1,416,460Liabilities 2012: $0Net Assets 2012: $1,416,4602012Assets 2013: $2,814,085Liabilities 2013: $577,830Net Assets 2013: $2,236,2552013Assets 2014: $2,915,026Liabilities 2014: $389,039Net Assets 2014: $2,525,9872014Assets 2015: $3,122,626Liabilities 2015: $245,075Net Assets 2015: $2,877,5512015Assets 2016: $3,633,993Liabilities 2016: $34,193Net Assets 2016: $3,599,8002016Assets 2017: $3,778,230Liabilities 2017: $16,934Net Assets 2017: $3,761,2962017Assets 2018: $2,602,465Liabilities 2018: $14,368Net Assets 2018: $2,588,0972018Assets 2019: $408,031Liabilities 2019: $0Net Assets 2019: $408,0312019

Highlighted filing

2018

Assets$2,602,465
Liabilities$14,368
Net Assets$2,588,097

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $6,341,6282011Expenses 2012: $4,995,7772012Expenses 2013: $5,104,2762013Revenue 2014: $5,577,770Expenses 2014: $5,288,038Net Income 2014: $289,7322014Revenue 2015: $5,484,680Expenses 2015: $5,133,116Net Income 2015: $351,5642015Revenue 2016: $5,607,475Expenses 2016: $4,885,226Net Income 2016: $722,2492016Revenue 2017: $5,112,492Expenses 2017: $4,950,996Net Income 2017: $161,4962017Revenue 2018: $3,205,788Expenses 2018: $4,378,987Net Income 2018: -$1,173,1992018Revenue 2019: $2,505,362Expenses 2019: $3,288,880Net Income 2019: -$783,5182019

Highlighted filing

2018

Revenue$3,205,788
Expenses$4,378,987
Net Income-$1,173,199
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 4, 2018
Return Version
2017v2.3
Gross Receipts
$3,205,788
Mission and Program Overview

Mission

Through perseverance, personal investment, pride and respect, pathway academy scholars will exceed academic standards in order to be successsful in the middle school, high school and university of their choice.

Through perseverance, personal investment, pride and respect, pathway academy scholars will exceed academic standards in order to be successful in the middle school, high school and university of their choice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,399,087$1,396,549▼ $2,538
Cash and Non-Interest-Bearing Accounts$2,366,441$1,193,183▼ $1,173,258
Savings and Temporary Cash Investments$12,702$12,733▲ $31
Total Assets$3,778,230$2,602,465▼ $1,175,765
Liabilities
Accounts Payable and Accrued Expenses$16,934$14,368▼ $2,566
Total Liabilities$16,934$14,368▼ $2,566
Net Assets / Fund Balance
Unrestricted Net Assets$3,761,296$2,588,097▼ $1,173,199
Total Net Assets Fund Balance$3,761,296$2,588,097▼ $1,173,199
Total Liabilities and Net Assets / Fund Balance$3,778,230$2,602,465▼ $1,175,765

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,299,787$231,356$1,531,143
Equipment$6,384$852,326$858,710
Land$87,785-$87,785
Other Land Buildings$2,593$23,697$26,290
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dante BoldenCOOFT$96,780$138$96,918

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
First Group AmericaTransportation22157 NETWORK PLACE, Chicago, IL 60673$324,273
American Food And Vending CorpFood Service124 METROPOLITAN PARK DR, Syracuse, NY 13088$315,074
K12itc INCIt Services5904 NW 63RD TERR, Kansas City, MO 64151$158,373
Woodley Building MaintenanceMaintenancePO BOX 16838, Raytown, MO 64133$145,188
Cornerstones Of CareSped300 E 36TH ST, Kansas City, MO 64111$100,669
Revenue and Support

Revenue Composition

Contributions and Grants
$5,973
Program Service Revenue
$3,168,945
Investment Income
$20,378
Other Revenue
$10,492
All Other Contributions
$5,973
Change in Net Assets
$-1,173,199

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,205,788
Total Revenue per Audited Statements
$3,205,788
Total Revenue per Form 990
$3,205,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,426,033
Other Expenses$1,952,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,752,932$112,328-$1,865,260
Occupancy$482,528--$482,528
Other Employee Benefits$231,392$27,034-$258,426
Pension Plan Contributions$142,267$10,109-$152,376
Payroll Taxes$141,378$8,593-$149,971
Other Expenses$116,589$15,265-$131,854
All Other Expenses$71,203--$71,203
Insurance$68,391--$68,391
Depreciation Depletion$53,218--$53,218
Travel$4,679--$4,679
Fees for Services Legal-$3,446-$3,446
Total Functional Expenses$4,053,262$325,725$0$4,378,987

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,378,987
Total Expenses per Audited Statements$4,376,449
Expenses per Audited Statements$4,325,769
Expenses Not Reported on Financial Statements$53,218
Other Expense Adjustments$53,218
Expenses Not Reported on Form 990$50,680
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The chief operating officer along with the board treasurer will review the form 990 before filing.

Form 990, Page 6, Part VI, Line 15A

The process of determining compensation of the organization's ceo, executive director, or top management official includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 15B

The process of determining compensation of the organization's other officers or key employees includes a review and approval by independent persons, comparability data, and contemporanous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 19

All documents required by section 1604 for public inspection are available at our office location.

Filing and Contact Details

Filer

Filer Name
Pathway Academy Inc
EIN
26-4717987
Phone
8166217100
Address
2015 EAST 72ND STREET, KANSAS CITY, MO 64132

Signing Officer

Name
Dante Bolden
Title
COO
Phone
8166217100
Signed
2018-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corbyn Jones
Formed
2009
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
5
Employees
61
Volunteers
7

Preparer

Firm
Westbrook & Co Pc
Address
749 DRISKILL DR, RICHMOND, MO 64085-1608
Preparer
Rita Russell
Phone
8167763584
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Change in capital outlay 50,680

Schedule D, Page 4, Part XII, Line 4B

DEPRECIATION 53,218

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210583
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt015280
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08420
IRS990/PYOtherExpensesAmt02192901
IRS990/PYOtherRevenueAmt0275656
IRS990/PYProgramServiceRevenueAmt04813136
IRS990/PYRevenuesLessExpensesAmt0161496
IRS990/PYSalariesCompEmpBnftPaidAmt02758095
IRS990/PYTotalExpensesAmt04950996
IRS990/PYTotalRevenueAmt05112492
IRS990/ReconcilationRevenueExpnssAmt0-1173199
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03195797
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012702
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012733
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01299787
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0231356
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01531143
IRS990ScheduleD/EquipmentGrp/BookValueAmt06384
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0852326
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0858710
IRS990ScheduleD/ExpensesNotReportedAmt050680
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt053218
IRS990ScheduleD/ExpensesSubtotalAmt04325769
IRS990ScheduleD/LandGrp/BookValueAmt087785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt087785
IRS990ScheduleD/OtherExpensesIncludedAmt050680
IRS990ScheduleD/OtherExpensesNotIncludedAmt053218
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02593
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023697
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026290
IRS990ScheduleD/RevenueSubtotalAmt03205788
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN CAPITAL OUTLAY 50,680
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION 53,218
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01396549
IRS990ScheduleD/TotalExpensesPerForm990Amt04378987
IRS990ScheduleD/TotalRevenuePerForm990Amt03205788
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03205788
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04376449
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS ON THE ORGANIZATION'S WEBSITE, HOWEVER IT IS NOT PUBLICIZED IN THE LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT AWARD SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE AND DOES NOT SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES FEDERAL AND STATE OF MISSOURI SCHOOL FUNDING PASSED THROUGH THE MISSOURI DEPARTMENT OF ELEMENTARY AND SECONDARY EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHIEF OPERATING OFFICER ALONG WITH THE BOARD TREASURER WILL REVIEW THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PROCESS OF DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS OF DETERMINING COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS REQUIRED BY SECTION 1604 FOR PUBLIC INSPECTION ARE AVAILABLE AT OUR OFFICE LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03778230
IRS990/TotalAssetsEOYAmt02602465
IRS990/TotalAssetsGrp/BOYAmt03778230
IRS990/TotalAssetsGrp/EOYAmt02602465
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05973
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0325725
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04053262
IRS990/TotalFunctionalExpensesGrp/TotalAmt04378987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016934
IRS990/TotalLiabilitiesEOYAmt014368
IRS990/TotalLiabilitiesGrp/BOYAmt016934
IRS990/TotalLiabilitiesGrp/EOYAmt014368
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03761296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02588097
IRS990/TotalOtherCompensationAmt0138
IRS990/TotalProgramServiceExpensesAmt04053262
IRS990/TotalProgramServiceRevenueAmt03168945
IRS990/TotalReportableCompFromOrgAmt096780
IRS990/TotalRevenueGrp/ExclusionAmt04018
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03195797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03205788
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03778230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02602465
IRS990/TravelGrp/ProgramServicesAmt04679
IRS990/TravelGrp/TotalAmt04679
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03761296
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02588097
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02015 E 72ND STREET
IRS990/USAddress/CityNm0KANSAS CITY
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd064132
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PATHWAYACADEMY.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANTE BOLDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/PhoneNum08166217100
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATHWAY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0PATH
ReturnHeader/Filer/EIN0264717987
ReturnHeader/Filer/PhoneNum08166217100
ReturnHeader/Filer/USAddress/AddressLine1Txt02015 EAST 72ND STREET
ReturnHeader/Filer/USAddress/CityNm0KANSAS CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd064132

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