Civic Intelligence

Path Foundation Philippines Inc

990 • Fiscal year 2022 • EIN 31-1787865

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Unit 2205 22/F Tower 2 Cityland ConSalcedo Village 1227Rp

(632) 817-3294

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.37x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.13x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

55th percentile

8.8%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

75th percentile

21%

Faster asset growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-14%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$247,866

Up $120,789 (+95%) from 2020

Net Assets

Up

$156,260

Up $77,066 (+97%) from 2020

Liabilities

Up

$91,606

Up $43,723 (+91%) from 2020

Revenue

Up

$705,208

Up $129,943 (+23%) from 2020

Expenses

Up

$643,044

Up $3,607 (+0.6%) from 2020

Net Income

Up

$62,164

Up $126,336 (+197%) 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 2022: $247,866Liabilities 2022: $91,606Net Assets 2022: $156,2602022Assets 2024: $188,215Liabilities 2024: $37,013Net Assets 2024: $151,2022024

Highlighted filing

2022

Assets$247,866
Liabilities$91,606
Net Assets$156,260

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 2022: $705,208Expenses 2022: $643,044Net Income 2022: $62,1642022Revenue 2024: $809,400Expenses 2024: $844,335Net Income 2024: -$34,9352024

Highlighted filing

2022

Revenue$705,208
Expenses$643,044
Net Income$62,164
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$705,208
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 primary purpose of PFPI is to undertake and or assist in the a assessment identification and development and field-testing of technologies related to health family planning natural resource management biodiversity conservation and environment; b development of communication strategies appropriate for the introduction and adaptation of related technologies; c design and dissemination of information and data to generate public awareness of the need benefits and the availability of health and family planning natural resources management and related technologies; and d design and implement evidence- based gender sensitive and cross-disciplinary initiatives in population health and environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$107,030$162,608▲ $55,578
Pledges and Grants Receivable$90,119$75,545▼ $14,574
Accounts Receivable$3,708$5,484▲ $1,776
Prepaid Expenses and Deferred Charges$4,296$4,140▼ $156
Cash and Non-Interest-Bearing Accounts$139$89▼ $50
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$205,292$247,866▲ $42,574
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$112,199$91,606▼ $20,593
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$112,199$91,606▼ $20,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$93,093$156,260▲ $63,167
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$93,093$156,260▲ $63,167
Total Liabilities and Net Assets / Fund Balance$205,292$247,866▲ $42,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Laura DavidBoard Member President
Dr Joan Regina L CastroExecutive Vice-President Treasurer
Dr Ferdinal FernandoBoard Member
Dr Francis MagbanuaBoard Member
Dr Nereus O AcostaBoard Member
Mr Mechai VeravaidyaBoard Member
Ms Cecilia Aldaba L LazaroBoard Member
Ms Leona D AgnesBoard Member
Dr Carmina A AquinoBoard Member Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$705,103
Program Service Revenue
$0
Investment Income
$105
Other Revenue
$0
All Other Contributions
$705,103
Change in Net Assets
$62,164

Audited Revenue Reconciliation

Revenue per Audited Statements
$705,208
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$705,208
Total Revenue per Form 990
$705,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$410,248
Other Expenses$174,238
Grants and Similar Amounts Paid$58,558
Total Fundraising Expense$3,788
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$249,972$78,335$2,985$331,292
Conferences and Meetings$78,872$12,276$0$91,148
Other Employee Benefits$66,915$12,041$0$78,956
Foreign Grants$58,558--$58,558
Occupancy$17,833$10,123$597$28,553
Travel$25,120$0$0$25,120
Office Expenses$7,173$1,455$206$8,834
Fees for Services Accounting$0$2,293$0$2,293
Total Functional Expenses$522,733$116,523$3,788$643,044

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$643,044
Total Expenses per Audited Statements$643,044
Total Expenses per Form 990$643,044
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 is prepared by the Finance & Administration Director and 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
2023-05-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Joan Regina L Castro
Formed
1992
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| FISH Right Project: The USAID Fish Right Program is a seven year 2018-2025 program and 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. PATH Foundation Philippines Inc. PFPI leads the implementation of Fish Right Program in the municipalities of Culion Coron Linapacan and Busuanga in the Calamianes Island Group in Palawan Province. The expanded scope of the Program in October 2021 included additional municipalities in the West Philippines Sea WPS in particular the Kalayaan Island Group located in Palawan Province in FMA 5 and Bajo de Masinloc in Zambales Province in FMA 6 as focus areas. 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 achieved through the five program objectives: 1 Put in place at least 2.5 million hectares of marine area under improved management effectiveness and sustainability based on a suite of regulatory and economic instruments; 2Improved capacities and accountability of at least 50 institutions to implement resilience and ecosystem-based fisheries management; 3Established and or improve at least 40 policies regulations that support resilient and ecosystem-based fisheries management; 4 Enhanced participation and leadership of at least 100 civil society organizations or networks of organizations representing women and men in resilient and ecosystem-based fisheries management; and 5 Increased investments leveraged from at least 8 public-private partnerships that contribute to resilient and ecosystem-based fisheries management., $366263, $58558, $0| In 2022 the following are PFPI-FISH Right project's key accomplishments: I. On capacity building a total of 467 individuals were trained on GIS FishMapping conservation enterprise mangrove nursery management and out planting gender community watchers II. On program and policy reforms eleven 11 policies and plans related to MPAS right sizing mangrove management and IUU reduction were crafted and passed. The Memorandum of Agreement of 4 LGUs in CIG for the operationalization of Calamianes Inter-LGU Fisheries Resources Management plan was also executed and generated PhP 400,000 cash commitments from the four municipalities to implement the plan. III. On constituency building three hundred three 303 new champions eco-warriors and advocates of rights sizing RSS etc. have been engaged oriented and led community and policy activities. IV. On enhancing climate resilience capacities one thousand two hundred forty-four 1,244 hectares of mangroves was monitored and managed. V. On reducing illegal unregulated and unreported fishing IUUF twenty 20 trainees were trained on the Philippine IUU Fishing Index and Threat Assessment Too a suite of tools to a assess the status of IUU fishing in a given area b identify other longer-lasting and targeted solutions to reducing IUU fishing and c track the progress towards preventing deterring and eliminating IUU fishing in Philippine waters across various levels of governance. Trainers assessed fifteen 15 LGUs in Palawan resulting in the development of 15 IUUF Reduction plans. VI. On engaging women in fisheries resource management eight 8 community savings groups were established monitored and were assisted on proposal development and linked to national agencies. This resulted in one group receiving almost PhP 12M project approved. VII. Hosted the community visit of the Vice President of United States of America in one of the sites of Fish Right., $0, $0, $0| BUILD Project: African Institute for Development Policy AFIDEP awarded sub-agreement to PATH Foundation Philippines In

Part XI, Line 9

| Description:, Explanation:, Amount:| Net Asset Beg 4,690,025.00 Less: CY Rate 5,224,379.00 Total loss 534,354.00 Dollar Increment CY 590,649.00 Total gain 56,295.00 USDollarRate 12 31 2022 56.12 Total USD Increment 1,003, Change in Net Asset or Fund Balance, $1003|

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits