Civic Intelligence

Path Foundation Philippines Inc

990 • Fiscal year 2021 • EIN 31-1787865

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

Unit 2205 22/F Tower 2 CitylandSalcedo Village 1227Rp

(632) 817-3294

Siviq Scores

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

Liabilities / Assets

87th percentile

0.55x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.14x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

32nd percentile

2.1%

Higher net margin than 32% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

86th percentile

62%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

42%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$205,292

Up $78,215 (+62%) from 2020

Net Assets

Up

$93,093

Up $13,899 (+18%) from 2020

Liabilities

Up

$112,199

Up $64,316 (+134%) from 2020

Revenue

Up

$816,793

Up $241,528 (+42%) from 2020

Expenses

Up

$799,631

Up $160,194 (+25%) from 2020

Net Income

Up

$17,162

Up $81,334 (+127%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $127,077Liabilities 2020: $47,883Net Assets 2020: $79,1942020Assets 2021: $205,292Liabilities 2021: $112,199Net Assets 2021: $93,0932021Assets 2022: $247,866Liabilities 2022: $91,606Net Assets 2022: $156,2602022Assets 2024: $188,215Liabilities 2024: $37,013Net Assets 2024: $151,2022024

Highlighted filing

2021

Assets$205,292
Liabilities$112,199
Net Assets$93,093

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $575,265Expenses 2020: $639,437Net Income 2020: -$64,1722020Revenue 2021: $816,793Expenses 2021: $799,631Net Income 2021: $17,1622021Revenue 2022: $705,208Expenses 2022: $643,044Net Income 2022: $62,1642022Revenue 2024: $809,400Expenses 2024: $844,335Net Income 2024: -$34,9352024

Highlighted filing

2021

Revenue$816,793
Expenses$799,631
Net Income$17,162
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.0
Gross Receipts
$816,793
Mission and Program Overview

Mission

The organizations mission is to alleviate poverty improve health and contribute to environmentally sustainable development particularly in under-served areas in the Philippines and other developing countries.

The organization's mission is to alleviate poverty improve health and contribute to environmentally sustainable development particularly in under-served areas in the Philippines and other developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$121,038$107,030▼ $14,008
Pledges and Grants Receivable$0$90,119▲ $90,119
Prepaid Expenses and Deferred Charges$5,042$4,296▼ $746
Accounts Receivable$851$3,708▲ $2,857
Cash and Non-Interest-Bearing Accounts$146$139▼ $7
Other Notes and Loans Receivable, Net$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
Land, Buildings, and Equipment, Net$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$127,077$205,292▲ $78,215
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$47,883$112,199▲ $64,316
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$47,883$112,199▲ $64,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$79,194$93,093▲ $13,899
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$79,194$93,093▲ $13,899
Total Liabilities and Net Assets / Fund Balance$127,077$205,292▲ $78,215
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Angel C AlcalaBoard Member President
Dr Joan Regina L CastroExecutive Vice-President Treasurer
Dr Nereus O AcostaBoard Member
Mr Mechai VeravaidyaBoard Member
Ms Cecilia L LazaroBoard Member
Ms Leona D AgnesBoard Member
Dr Carmina A AquinoBoard Member Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$816,700
Program Service Revenue
$0
Investment Income
$93
Other Revenue
$0
All Other Contributions
$816,700
Change in Net Assets
$17,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$816,793
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$816,793
Total Revenue per Form 990
$816,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$443,722
Other Expenses$193,266
Grants and Similar Amounts Paid$162,643
Total Fundraising Expense$6,348
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,850$75,450$5,015$362,315
Foreign Grants$162,643--$162,643
Conferences and Meetings$91,224$20,578$0$111,802
Other Employee Benefits$69,237$12,170$0$81,407
Occupancy$12,837$17,768$1,003$31,608
Office Expenses$9,080$2,976$330$12,386
Fees for Services Accounting$0$2,555$0$2,555
Travel$871$48$0$919
Total Functional Expenses$653,585$139,698$6,348$799,631

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$799,631
Total Expenses per Audited Statements$799,631
Total Expenses per Form 990$799,631
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 11A

The financial statement was prepared by the Finance and Administration Director and the local Independent Auditors reviewed by the Executive Vice President the Treasurer and at least one 1 Board Member.

Part VI, Line 11B

The financial statement was prepared by the Finance and Administration Director and the local Independent Auditors reviewed by the Executive Vice President the Treasurer and at least one 1 Board Member.

Filing and Contact Details

Filer

Filer Name
Path Foundation Philippines Inc
EIN
31-1787865
In Care Of
% JOAN REGINA L CASTRO
Phone
6328173294
Address
RP
Doing Business As
Non-government Organization Ngo

Signing Officer

Name
Joan Regina L Castro
Title
Executive Vice-President
Signed
2022-05-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Joan Regina L Castro
Formed
1992
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| University of Rhode Island FISH Right project The USAID Fish Right Program is a partnership between the Government of the Philippines and the United States Government through the U.S. Agency for International Development USAID to influence system change within the fisheries sector by improving resource user compliance with agreed upon fisheries practices resulting in increased fish biomass in the three marine key biodiversity areas MKBA. The program is implemented in three marine key biodiversity areas namely Calamianes Island group CIG Southern Negros and Visayan Sea. PFPI leads the CIG area and cross cutting themes on behavior change and gender and development. The goal of the program is 10% increase in fish biomass across three sites based on catch-per-unit-effort and observed reef fish biomass. In 2021 Fish Right Program in CIG worked in partnership with various stakeholders to reduce biodiversity threats to key select fisheries commodities. Key accomplishments were: I. A Memorandum of Understanding effecting the five-year CIG Inter LGU Fisheries Resource Management Plan IFRMP was signed by the four mayors in CIG. The Busuanga Culion Coron and Linapacan BCCL executive office was set up with PhP 400,000.00 initial funding secured from the four LGUs to support the BCCL IFRMP initiatives. Related IFRMP Manual of operations preparation was supported by the Program, $417657, $162643, $0| II. 82 new PEs were trained in leadership and have reached 7822 peers through peer education III. Three MPAs supported by the Program won the PEARL awards. The 3rd Recognition Awards for CIGs Enhanced Ecosystem RACE awards was conducted. IV. Two 2 MPA ordinances in Coron were approved V. Vulnerability assessments and validation in Busuanga and Linapacan were completed VI. 27 community watchers reporters were actively reporting IUUF behaviors, $0, $0, $0| VII. 27 trained on financial literacy. Fifteen 15 conservation enterprises business plans drafted and submitted to funding institutions. a. 1,398 fishers registered via the Project led Registration caravan b. Gender sensitive indicator tool developed as reference for gender and EAFM planning and programming VIII. More than 2200 hectares of mangrove in CIG have been identified as MPA and priority areas for rehabilitation. 291 stakeholders have been trained on mangrove nursery establishment maintenance and outplanting and 14 mangrove nurseries have been established., $0, $0, $0| African Institute for Development Policy BUILD project The BUILD program is a five-year USAID supported project 2021-2026. This is a global PED initiative designed to leverage the interconnectedness of Population Environment and Development to spur strong political commitment sustained financial resources and accountability for voluntary family planning and reproductive health in low- and middle-income countries. The African Institute for Development Policy AFIDEP is the prime implementer with its Consortium partners. In its Asia-Pacific Hub PATH Foundation Philippines Inc. PFPI is tasked to contribute to the following key results: 1 to strengthen individual and institutional capacity in advocacy policy communications and negotiations Result 1; and 2 increase commitment for cross-sectoral approaches to integrate population the environment and climate change food security and livelihoods and governance Result 2. For 2021 PFPI focused on the preparatory actions as a foundation to implementing the BUILD Program in the Asia-Pacific region. Evidence and information on existing policies and programs on population environment health and development. Volumes of information were collected from multiple countries in the Asia and the Pacific. Specifically,, $73285, $0, $0| I. Listed bookmarked and reviewed 30 USAID-assisted programs and 83 policies on climate change resilience biodiversity conservation food security water and energy. II. Mapped these sixteen 16 countr

Part XI, Line 9

| Description:, Explanation:, Amount:| $79,194 @ 48.04 2020 PhP3,804,464 $79,194 @ 58.38 2021 PhP3,989,777 PhP85,313 PhP20,908, Net Asset Beginning Less Current Year Total Foreign Exchange Loss Add:Foreign Exchange gain-current, $0| Php164,405 50.38, Total US Dollar Conversion Rate 12 31 21 Total US Dollar Equivalent, $-3263|

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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrossAmountSalesAssetsGrp/OtherAmt00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt00
IRS990/GrossReceiptsAmt0816793
IRS990/GrossRentsGrp/PersonalAmt00
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
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IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
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IRS990/InvestmentExpenseAmt00
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IRS990/LandBldgEquipAccumDeprecAmt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileCountryCd0RP
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt079194
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt093093
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IRS990/OccupancyGrp/FundraisingAmt01003
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IRS990/OccupancyGrp/ProgramServicesAmt012837
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012170
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt069237
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IRS990/OtherExpensesGrp/ProgramServicesAmt218647
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IRS990/OtherExpensesGrp/TotalAmt07357
IRS990/OtherExpensesGrp/TotalAmt15621
IRS990/OtherExpensesGrp/TotalAmt221018
IRS990/OtherExpensesGrp/TotalAmt30
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281850
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