Civic Intelligence

Pathway Inc.

990 • Fiscal year 2022 • EIN 34-6562552

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 13, 2023

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

84th percentile

0.70x

Higher debt load relative to assets than 84% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.11x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

36th percentile

1.5%

Higher net margin than 36% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

17th percentile

$128,234

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

96th percentile

107%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

60%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,025,427

Up $2,077,473 (+107%) from 2021

Net Assets

Up

$1,204,530

Up $368,337 (+44%) from 2021

Liabilities

Up

$2,820,897

Up $1,709,136 (+154%) from 2021

Revenue

Up

$25,108,865

Up $9,432,675 (+60%) from 2021

Expenses

Up

$24,740,528

Up $9,130,634 (+58%) from 2021

Net Income

Up

$368,337

Up $302,041 (+456%) from 2021

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

2022

Assets$4,025,427
Liabilities$2,820,897
Net Assets$1,204,530

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

2022

Revenue$25,108,865
Expenses$24,740,528
Net Income$368,337
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 13, 2023
Return Version
2022v5.0
Gross Receipts
$25,108,865
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$871,433$1,812,367▲ $940,934
Pledges and Grants Receivable$1,016,852$553,463▼ $463,389
Investments Other Securities-$250,100-
Land, Buildings, and Equipment, Net$34,810$109,267▲ $74,457
Prepaid Expenses and Deferred Charges$24,859$29,279▲ $4,420
Accounts Receivable-$12,020-
Total Assets$1,947,954$4,025,427▲ $2,077,473
Other Assets Total-$1,258,931-
Liabilities
Other Liabilities$1,042,209$2,672,726▲ $1,630,517
Accounts Payable and Accrued Expenses$69,552$148,171▲ $78,619
Total Liabilities$1,111,761$2,820,897▲ $1,709,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$836,193$1,204,530▲ $368,337
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$836,193$1,204,530▲ $368,337
Total Liabilities and Net Assets / Fund Balance$1,947,954$4,025,427▲ $2,077,473

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$2,345$21,122$0
Land$0-$0
Equipment$106,922$111,240$0
Leasehold Improvements$0$0$0
Other Assets Org$1,258,931--
Closely Held Equity Interests$250,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jay Black JrChief Executive OfficerFT$114,590$13,644$128,234
Robert JordanChief Financial OfficerFT$104,978$13,058$118,036

Board Members and Trustees

NameTitle
Hassanayn JosephBoard Chair
Ken SaggeseTreasurer/budget & Fin. Comm Chair
Ardenia Jones TerryDirector
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 M GabrielSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mgm CommunicationsNetwork & It Services1678 LANCE POINT RD, Maumee, OH 43537$302,901
Revenue and Support

Revenue Composition

Contributions and Grants
$24,607,634
Program Service Revenue
$501,221
Investment Income
$10
Other Revenue
$0
All Other Contributions
$249,432
Change in Net Assets
$368,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,108,865
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$25,108,865
Total Revenue per Form 990
$25,108,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,014,143
Salaries, Compensation, and Employee Benefits$5,389,717
Other Expenses$2,336,668
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$17,014,143--$17,014,143
Other Salaries and Wages$3,499,125$440,433$0$3,939,558
Fees for Services Other$833,165$25,856$0$859,021
Other Employee Benefits$391,458$110,220$0$501,678
Occupancy$414,696$48,245$0$462,941
Payroll Taxes$379,842$69,416$0$449,258
Office Expenses$318,334$48,442$0$366,776
Current Officers, Directors, Trustees, and Key Employees$0$265,018$0$265,018
Pension Plan Contributions$201,100$33,105$0$234,205
Information Technology$79,171$7,592$0$86,763
Advertising$72,590$2,075$0$74,665
Other Expenses$14,679$56,893$0$71,572
Fees for Services Accounting-$30,885$0$30,885
Insurance$4,986$25,657$0$30,643
Travel$14,789$10,069$0$24,858
Fees for Services Legal$5,267$0$0$5,267
Depreciation Depletion$0$3,257$0$3,257
Conferences and Meetings$1,150$1,850$0$3,000
Total Functional Expenses$23,549,792$1,190,736$0$24,740,528

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,744,635
Expenses per Audited Statements$24,740,528
Total Expenses per Form 990$24,740,528
Expenses Not Reported on Form 990$4,107
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$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
Operating Lease Liabilities$1,280,245
Refundable Contract Advances$1,051,243
Vacation Payable$240,796
Accrued Salaries and Wages$69,894
Accrued Workers Compensation$18,137
Payroll Withholdings and Other Accrued Payroll Expenses$12,411
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
2023-10-13

Organization Details

Formed
1965
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
222
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Lucas 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

Financial Statement Notes

Schedule D, Part XII, Line 2D

Expenses related to pathway secor senior lofts ii, inc. For attorney fees - $3,450, incorporation fees - $67.50, and it services - $590.00

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/BUDGET & FIN. COMM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/InformationTechnologyGrp/ProgramServicesAmt079171
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0379842
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00

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