Civic Intelligence

Pathways Management Group Inc.

990 • Fiscal year 2015 • EIN 27-3946421

Jul 01, 2014 to Jun 30, 2015 • Filed on May 02, 2016

320 North Halstead St Suite 210Pasadena, CA 91107

(626) 683-3500

Siviq Scores

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

Liabilities / Assets

47th percentile

0.20x

Higher debt load relative to assets than 47% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

61st percentile

0.39x

Higher debt load relative to revenue than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

32nd percentile

-0.6%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$22,058,835

No earlier filing loaded for comparison.

Net Assets

$17,558,054

No earlier filing loaded for comparison.

Liabilities

$4,500,781

No earlier filing loaded for comparison.

Revenue

$11,500,125

No earlier filing loaded for comparison.

Expenses

$11,566,592

No earlier filing loaded for comparison.

Net Income

-$66,467

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2015: $22,058,835Liabilities 2015: $4,500,781Net Assets 2015: $17,558,0542015Assets 2017: $25,474,308Liabilities 2017: $1,814,116Net Assets 2017: $23,660,1922017Assets 2018: $28,202,622Liabilities 2018: $2,081,538Net Assets 2018: $26,121,0842018Assets 2019: $31,252,146Liabilities 2019: $5,576,649Net Assets 2019: $25,675,4972019Assets 2021: $27,742,984Liabilities 2021: $2,001,414Net Assets 2021: $25,741,5702021Assets 2022: $25,985,515Liabilities 2022: $1,666,274Net Assets 2022: $24,319,2412022Assets 2024: $28,289,678Liabilities 2024: $1,703,814Net Assets 2024: $26,585,8642024

Highlighted filing

2015

Assets$22,058,835
Liabilities$4,500,781
Net Assets$17,558,054

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2015: $11,500,125Expenses 2015: $11,566,592Net Income 2015: -$66,4672015Revenue 2017: $16,285,761Expenses 2017: $13,565,452Net Income 2017: $2,720,3092017Revenue 2018: $14,776,450Expenses 2018: $12,324,015Net Income 2018: $2,452,4352018Revenue 2019: $4,075,962Expenses 2019: $4,520,085Net Income 2019: -$444,1232019Revenue 2021: $4,110,742Expenses 2021: $6,670,449Net Income 2021: -$2,559,7072021Revenue 2022: $4,851,865Expenses 2022: $6,312,079Net Income 2022: -$1,460,2142022Revenue 2024: $6,899,358Expenses 2024: $5,961,184Net Income 2024: $938,1742024

Highlighted filing

2015

Revenue$11,500,125
Expenses$11,566,592
Net Income-$66,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 2, 2016
Return Version
2014v6.0
Gross Receipts
$11,500,125
Mission and Program Overview

Mission

Management of charter schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,450,000$9,550,000▲ $2,100,000
Savings and Temporary Cash Investments$5,048,864$5,059,644▲ $10,780
Accounts Receivable$456,616$3,814,302▲ $3,357,686
Cash and Non-Interest-Bearing Accounts$7,015,135$2,928,257▼ $4,086,878
Land, Buildings, and Equipment, Net$722,738$616,258▼ $106,480
Prepaid Expenses and Deferred Charges$68,339$67,910▼ $429
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$20,784,156$22,058,835▲ $1,274,679
Other Assets Total$22,464$22,464→ $0
Liabilities
Grants Payable$0$3,565,000▲ $3,565,000
Accounts Payable and Accrued Expenses$3,120,209$896,223▼ $2,223,986
Deferred Revenue$39,558$39,558→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,159,767$4,500,781▲ $1,341,014
Net Assets / Fund Balance
Unrestricted Net Assets$17,624,389$17,558,054▼ $66,335
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$17,624,389$17,558,054▼ $66,335
Total Liabilities and Net Assets / Fund Balance$20,784,156$22,058,835▲ $1,274,679

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$424,373$217,895$642,268
Other Land Buildings$191,885$162,781$354,666
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica G RayAssistant SuperintendentPT$169,345$2,540$169,345
Cynthia KhodaverdianDivision ControllerPT$124,699-$124,699
Joseph H ZottoDirector of Instruction--$108,293$108,293
Vrej BoghokianDirector of School ImplementationPT$100,655$2,516$103,171
Jamie DonahueSecretary--$41,600$41,600

Board Members and Trustees

NameTitle
John HallPresident
Joan HallVice President
Dr Stuart GotholdDirector
Elisia ChoiDirector
Mary JensenDirector
John Hall JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,500,113
Investment Income
$0
Other Revenue
$12
Change in Net Assets
$-66,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,500,125
Revenue Not Reported on Form 990
$132
Total Revenue per Audited Statements
$11,500,257
Total Revenue per Form 990
$11,500,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,023,773
Salaries, Compensation, and Employee Benefits$4,542,819
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,680,922$193,733-$3,874,655
Fees for Services Other$1,438,360$75,703-$1,514,063
Occupancy$503,271$26,614-$529,885
Payroll Taxes$295,384$15,547-$310,931
Other Employee Benefits$287,740$15,144-$302,884
Travel$258,622$13,598-$272,220
Office Expenses$243,463$12,807-$256,270
Conferences and Meetings$176,801$9,305-$186,106
Fees for Services Legal$150,622$7,927-$158,549
Depreciation Depletion$135,613$7,138$0$142,751
Advertising$99,539$6,089-$105,628
Information Technology$73,291$3,857-$77,148
Pension Plan Contributions$51,632$2,717-$54,349
Fees for Services Accounting-$47,024-$47,024
Other Expenses$38,333$2,018-$40,351
All Other Expenses$26,633$3,311-$29,944
Total Functional Expenses$7,554,118$4,012,474$0$11,566,592

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,566,592
Total Expenses per Audited Statements$11,566,592
Total Expenses per Form 990$11,566,592
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lupine Properties LLCSchedule OMaintenance & Property MgmtNo$641,393
Education Dynamics IncSchedule OComputer & Network ServicesNo$311,744
9 Dot Education Solutions LLCSchedule OMaintenance & Property MgmtNo$197,586
Education Managment Services IiiSchedule OEvents Supplies and ServiceNo$118,286

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Filing and Contact Details

Filer

Filer Name
Pathways Management Group Inc
EIN
27-3946421
In Care Of
% JOHN HALL
Phone
6266833500
Address
320 NORTH HALSTEAD ST SUITE 210, PASADENA, CA 91107

Signing Officer

Name
John Hall
Title
President
Phone
6266833500
Signed
2016-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Hall President
Formed
2010
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
94

Preparer

Firm
Maginnis Knechtel & McIntyre LLP
Address
300 W Colorado Blvd, Pasadena, CA 91105
Preparer
Linda E G Ballesteros
Phone
6264493466
Supplemental Narrative

Additional Explanations

Family or Business Relationships

990 part vi, line 2 family and business relationships: john hall, president joan hall, vice president john hall, jr, treasurer jamie hall, secretary

Documentation of Meetings

990 part vi, line 8b the organization had no committees with authority to act on behalf of the governing body.

Form 990 Review

990 part vi, line 11 the organization's form 990 is prepared by tax professionals and forwarded to management. Management reviews and sends questions and comments back to the tax preparer for discussion and clarification. After any needed revisions are made, the final form 990 is distributed to the directors. Each director then gives written consent approving the tax return prior to filing.

Conflict of Interest Policy Compliance

990 part vi, line 12c the organization distributes a written conflict of interest policy to the board of directors and officers. No director or board of directors shall vote on any matter or transaction concerning or with any individual, entity or matter with such director has, or had, any substantial ownership, employment, fiduciary contractural or creditor relationship. Each director shall disclose in writing all conflicts to the board of directors prior to the discussion by the board of directors and shall draw to the attention of the board of directors such conflict at any subsequent meetings at which wuch matter or transaction is discussed. Following such disclosure, a director shall be entitled to take part in the discussions of the board of directors concerning such matter and shall be considered in determining whether a quorum is present. The question of whether a conflict exists shall, in the absence of certainty, be determined by the vote of a majority of disinterested directors present at the meeting called for the purpose of discussing the transaction nor matter to which the conflict relates.

Compensation Review and Approval

990 part vi, line 15 directors shall not receive compensation for the services, but they may be reimbursed reasonable expenses in connection with their services as directors. Compensation of officers and key employees is reviewed and approved by the board based in part on comparability data.

Public Disclosure

990 part vi, line 19 the organization's governing documents, conflict of interest policy, and recent federal income tax returns are made available for public inspection at the organization's principal office during normal business hours.

Change to Governing Documents

990 part iii, line 3 990 part vi, line 4 in march 2015, the organization restated its articles of incorporation to expand its purpose.

Financial Statement Notes

Schedule D Part X Line 2

The organization is exempt from income taxes under Section 501(c)3 of the Internal Revenue Code and similar provisions of the California Revenue and Taxation Code. The United States Federal and State of California have statutes of limitations that generally range from three to four years. No open tax years are currently under examination

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IRS990/Desc0PROVIDES, AMONG OTHER SERVICES, THE EDUCATION PROGRAM FOR INDEPENDENT STUDY BASED INSTRUCTION, RECRUITS AND MANAGES PERSONNEL, PROVIDES ACCOUNTING SERVICES, AND MANAGED FACILITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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