Civic Intelligence

Pathway Inc.

990 • Fiscal year 2021 • EIN 34-6562552

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

505 Hamilton StreetToledo, OH 43604-8520

(419) 242-7304

Siviq Scores

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

Liabilities / Assets

80th percentile

0.57x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

25th percentile

0.07x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

23rd percentile

0.4%

Higher net margin than 23% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

31st percentile

$122,381

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

3rd percentile

-22%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

99%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,947,954

Down $537,560 (-22%) from 2020

Net Assets

Up

$836,193

Up $66,297 (+8.6%) from 2020

Liabilities

Down

$1,111,761

Down $603,857 (-35%) from 2020

Revenue

Up

$15,676,190

Up $7,788,737 (+99%) from 2020

Expenses

Up

$15,609,894

Up $7,795,370 (+100%) from 2020

Net Income

Down

$66,296

Down $6,633 (-9.1%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $10,672,411Liabilities 2012: $9,639,985Net Assets 2012: $1,032,4262012Assets 2020: $2,485,514Liabilities 2020: $1,715,618Net Assets 2020: $769,8962020Assets 2021: $1,947,954Liabilities 2021: $1,111,761Net Assets 2021: $836,1932021Assets 2022: $4,025,427Liabilities 2022: $2,820,897Net Assets 2022: $1,204,5302022Assets 2023: $3,844,830Liabilities 2023: $2,151,372Net Assets 2023: $1,693,4582023Assets 2024: $3,296,601Liabilities 2024: $1,566,857Net Assets 2024: $1,729,7442024

Highlighted filing

2021

Assets$1,947,954
Liabilities$1,111,761
Net Assets$836,193

Operations Trend

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

$30M$20M$10M$0Expenses 2012: $17,441,2942012Revenue 2020: $7,887,453Expenses 2020: $7,814,524Net Income 2020: $72,9292020Revenue 2021: $15,676,190Expenses 2021: $15,609,894Net Income 2021: $66,2962021Revenue 2022: $25,108,865Expenses 2022: $24,740,528Net Income 2022: $368,3372022Revenue 2023: $17,799,454Expenses 2023: $17,310,526Net Income 2023: $488,9282023Revenue 2024: $10,790,879Expenses 2024: $10,754,593Net Income 2024: $36,2862024

Highlighted filing

2021

Revenue$15,676,190
Expenses$15,609,894
Net Income$66,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$15,676,190
Mission and Program Overview

Mission

Pathway reduces poverty by providing comprehensive services that create pathways to self-sufficiency

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$204,290$1,016,852▲ $812,562
Cash and Non-Interest-Bearing Accounts$2,221,867$871,433▼ $1,350,434
Land, Buildings, and Equipment, Net$45,871$34,810▼ $11,061
Prepaid Expenses and Deferred Charges$13,486$24,859▲ $11,373
Total Assets$2,485,514$1,947,954▼ $537,560
Liabilities
Other Liabilities$1,546,458$1,042,209▼ $504,249
Mortgage Notes Payable Secured by Investment Property$92,869--
Accounts Payable and Accrued Expenses$76,291$69,552▼ $6,739
Total Liabilities$1,715,618$1,111,761▼ $603,857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$769,896$836,193▲ $66,297
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$769,896$836,193▲ $66,297
Total Liabilities and Net Assets / Fund Balance$2,485,514$1,947,954▼ $537,560

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$34,810$236,989$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jay Black JrChief Executive OfficerFT$109,564$12,817$122,381
Robert JordanChief Financial OfficerFT$103,647$12,462$116,109

Board Members and Trustees

NameTitle
Hassanayn JosephBoard Chair
Ken SaggeseTreasurer/budget & Fin. Comm Chair
ARDENIA JONES TERRY PhDDirector
Barbara a KylesDirector
Earl MurryDirector
Jeffrey GreenDirector
Joseph HabibDirector
Marie FlanneryDirector
Martin SutterDirector
Michael HartDirector
Patricia HernandezDirector
Perry Harris IiiDirector
Tiffanie McnairDirector
Tina ButtsDirector
Theresa GabrielSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mgm CommunicationsNetwork & It Services1678 LANCE POINT RD, Maumee, OH 43537$138,638
Revenue and Support

Revenue Composition

Contributions and Grants
$15,071,837
Program Service Revenue
$604,343
Investment Income
$10
Other Revenue
$0
All Other Contributions
$195,247
Change in Net Assets
$66,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,676,189
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$15,676,189
Total Revenue per Form 990
$15,676,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,176,589
Salaries, Compensation, and Employee Benefits$3,957,923
Other Expenses$1,475,382
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$10,176,589--$10,176,589
Other Salaries and Wages$2,612,629$322,226-$2,934,855
Fees for Services Other$541,819$14,755-$556,574
Occupancy$326,233$61,244-$387,477
Payroll Taxes$301,257$29,260-$330,517
Other Employee Benefits$245,685$50,225-$295,910
Office Expenses$213,877$39,819-$253,696
Current Officers, Directors, Trustees, and Key Employees-$244,191-$244,191
Pension Plan Contributions$132,689$19,761-$152,450
Information Technology$45,295$9,303-$54,598
Other Expenses$12,751$40,970$0$53,721
Insurance$3,711$21,797-$25,508
Fees for Services Accounting-$24,868-$24,868
Depreciation Depletion-$11,061-$11,061
Advertising$7,776$2,326-$10,102
Fees for Services Legal$907$8,396-$9,303
Travel$4,095$602-$4,697
Interest-$3,798-$3,798
Conferences and Meetings$349$200-$549
Total Functional Expenses$14,695,468$914,426$0$15,609,894

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,609,894
Expenses per Audited Statements$15,609,893
Total Expenses per Audited Statements$15,609,893
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
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
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Contract Advances$755,387
Vacation Payable$175,092
Accrued Salaries and Wages$95,097
Accrued Workers Compensation$16,633
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 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
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, Part VI, Section B, Line 11B

The form 990 is completed by the cfo and is reviewed by the budget and finance committee prior to sending to the board of directors for their submission approval

Form 990, Part VI, Section B, Line 12C

Statements are signed annually and any possible conflicts are reviewed by our attorney and monitored

Form 990, Part VI, Section B, Line 15

The personnel committee, or a committee established by the board, makes a recommendation of the individual to be hired and the salary to the full board of directors for their approval. Any subsequent salary increases are recommended by a board committee to the full board for their approval.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Pathway Inc
EIN
34-6562552
Phone
4192427304
Address
505 HAMILTON STREET, TOLEDO, OH 43604-8520
Doing Business As
Pathway

Signing Officer

Name
Robert Jordan
Title
CFO
Phone
4192427304
Signed
2022-11-11

Organization Details

Formed
1965
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
198
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Pathway significantly increased services to the community with home relief mortgage and rental relief, and utility assistance. Pathway also increased providing the community with low income household water assistance through the (lihwap) program

Form 990, Part XI, Line 9

Rounding difference of $1

Financial Statement Notes

Schedule D, Part XI, Line 4B

Rounding difference of $1

Schedule D, Part XII, Line 4B

Rounding difference of $1

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IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt09303
IRS990/InformationTechnologyGrp/ProgramServicesAmt045295
IRS990/InformationTechnologyGrp/TotalAmt054598
IRS990/InsuranceGrp/ManagementAndGeneralAmt021797
IRS990/InsuranceGrp/ProgramServicesAmt03711
IRS990/InsuranceGrp/TotalAmt025508
IRS990/InterestGrp/ManagementAndGeneralAmt03798
IRS990/InterestGrp/TotalAmt03798
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt010
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0236989
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045871
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034810
IRS990/LandBldgEquipCostOrOtherBssAmt0271799
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PATHWAY REDUCES POVERTY BY PROVIDING COMPREHENSIVE SERVICES THAT CREATE PATHWAYS TO SELF-SUFFICIENCY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt092869
IRS990/NetAssetsOrFundBalancesBOYAmt0769896
IRS990/NetAssetsOrFundBalancesEOYAmt0836193
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0769896
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0836193
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt061244
IRS990/OccupancyGrp/ProgramServicesAmt0326233
IRS990/OccupancyGrp/TotalAmt0387477
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt039819
IRS990/OfficeExpensesGrp/ProgramServicesAmt0213877
IRS990/OfficeExpensesGrp/TotalAmt0253696
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt050225
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0245685
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0295910
IRS990/OtherExpensesGrp/Desc0CLIENT TRAINING
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18613
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21011
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt340970
IRS990/OtherExpensesGrp/ProgramServicesAmt023622
IRS990/OtherExpensesGrp/ProgramServicesAmt142867
IRS990/OtherExpensesGrp/ProgramServicesAmt23317
IRS990/OtherExpensesGrp/ProgramServicesAmt312751
IRS990/OtherExpensesGrp/TotalAmt023622
IRS990/OtherExpensesGrp/TotalAmt151480
IRS990/OtherExpensesGrp/TotalAmt24328
IRS990/OtherExpensesGrp/TotalAmt353721
IRS990/OtherLiabilitiesGrp/BOYAmt01546458
IRS990/OtherLiabilitiesGrp/EOYAmt01042209
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0322226
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02612629
IRS990/OtherSalariesAndWagesGrp/TotalAmt02934855
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029260
IRS990/PayrollTaxesGrp/ProgramServicesAmt0301257
IRS990/PayrollTaxesGrp/TotalAmt0330517
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019761
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0132689
IRS990/PensionPlanContributionsGrp/TotalAmt0152450
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0204290
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01016852
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013486
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024859
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0PATHWAY INC
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
IRS990/ProgramServiceRevenueGrp/BusinessCd1624100
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY CONNECTIONS
IRS990/ProgramServiceRevenueGrp/Desc1SENIOR BROKERING PROGRAM
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0581646
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0581646
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122697
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0HOME ENERGY ASSISTANCE PROGRAM - HOUSEHOLDS SERVED: HEAP - 20,738; WINTER CRISIS - 2,285; SUMMER CRISIS - 1,650; PIPP - 15,252; FUEL FUND - 1,377
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02037577
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0798732
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY SERVICES BLOCK GRANT - HOUSEHOLDS SERVED: MORTGAGE/RENTAL ASSISTANCE-1,559; UTILITY ASSITANCE-1,377
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01393769
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0132624
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LUCAS COUNTY PARTNERSHIPS; INFANT MORTALITY ASSISTANCE; FINANCIAL OPPORTUNITY CENTER; COMMUNITY CONNECTIONS PROGRAMS; HEALTHY START; SKILL UP TO MOVE UP; BROTHERS/SISTERS UNITED PROGRAMS; EMERGENCY HOME REPAIR; SENIOR BROKERING PROGRAM
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01761230
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt0457195
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0604343
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07702217
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03548956
IRS990/PYInvestmentIncomeAmt010
IRS990/PYOtherExpensesAmt01561870
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0185226
IRS990/PYRevenuesLessExpensesAmt072929
IRS990/PYSalariesCompEmpBnftPaidAmt02703698
IRS990/PYTotalExpensesAmt07814524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07887453
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt066296
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00

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