Civic Intelligence

Pathway Christian Academy Inc

EIN 58-2046312 • 501(c)3 • Goldsboro, NC

Profile

Providing a Christian education program through a campus program, publishing, and broadcast services to our community. Our campus program reached an average of 67 students during the 2024 academic year. We also provide an educational outreach through a non-commercial radio outreach ministry reaching much of Eastern North Carolina. We also publish a free monthly magazine addressing the religious, educational, general welfare, and public interest of our service area.

PO Box 1895Goldsboro, NC 27533

www.pathwayacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.00x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$24,323

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

49th percentile

3.0%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.1%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$555,663

Up $16,354 (+3.0%) from 2023

Liabilities

Down

$3,392

Down $5,348 (-61%) from 2023

Net Assets

Up

$552,271

Up $21,702 (+4.1%) from 2023

Revenue

Up

$1,102,233

Up $63,791 (+6.1%) from 2023

Expenses

Up

$1,080,531

Up $54,556 (+5.3%) from 2023

Net Income

Up

$21,702

Up $9,235 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $600,604Liabilities 2011: $402,656Net Assets 2011: $197,9482011Assets 2012: $598,262Liabilities 2012: $369,988Net Assets 2012: $228,2742012Assets 2013: $553,766Liabilities 2013: $338,524Net Assets 2013: $215,2422013Assets 2014: $557,576Liabilities 2014: $305,286Net Assets 2014: $252,2902014Assets 2015: $544,726Liabilities 2015: $269,282Net Assets 2015: $275,4442015Assets 2016: $484,606Liabilities 2016: $229,962Net Assets 2016: $254,6442016Assets 2017: $443,946Liabilities 2017: $172,425Net Assets 2017: $271,5212017Assets 2018: $427,012Liabilities 2018: $137,815Net Assets 2018: $289,1972018Assets 2019: $424,019Liabilities 2019: $99,101Net Assets 2019: $324,9182019Assets 2020: $438,499Liabilities 2020: $48,170Net Assets 2020: $390,3292020Assets 2021: $513,664Liabilities 2021: $14,392Net Assets 2021: $499,2722021Assets 2022: $525,911Liabilities 2022: $7,809Net Assets 2022: $518,1022022Assets 2023: $539,309Liabilities 2023: $8,740Net Assets 2023: $530,5692023Assets 2024: $555,663Liabilities 2024: $3,392Net Assets 2024: $552,2712024

Highlighted filing

2024

Assets$555,663
Liabilities$3,392
Net Assets$552,271

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $851,644Expenses 2011: $861,574Net Income 2011: -$9,9302011Revenue 2012: $820,584Expenses 2012: $790,258Net Income 2012: $30,3262012Revenue 2013: $845,633Expenses 2013: $858,665Net Income 2013: -$13,0322013Revenue 2014: $967,544Expenses 2014: $930,496Net Income 2014: $37,0482014Revenue 2015: $925,392Expenses 2015: $902,238Net Income 2015: $23,1542015Revenue 2016: $944,250Expenses 2016: $965,050Net Income 2016: -$20,8002016Revenue 2017: $901,355Expenses 2017: $884,478Net Income 2017: $16,8772017Revenue 2018: $941,336Expenses 2018: $923,660Net Income 2018: $17,6762018Revenue 2019: $947,805Expenses 2019: $912,084Net Income 2019: $35,7212019Revenue 2020: $998,844Expenses 2020: $933,433Net Income 2020: $65,4112020Revenue 2021: $1,134,824Expenses 2021: $1,025,881Net Income 2021: $108,9432021Revenue 2022: $1,042,427Expenses 2022: $1,023,597Net Income 2022: $18,8302022Revenue 2023: $1,038,442Expenses 2023: $1,025,975Net Income 2023: $12,4672023Revenue 2024: $1,102,233Expenses 2024: $1,080,531Net Income 2024: $21,7022024

Highlighted filing

2024

Revenue$1,102,233
Expenses$1,080,531
Net Income$21,702

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.55$1.10$1.08$0.02
2023Summary only. Only limited summary data is available for this year.$0.54$0.01$0.53$1.04$1.03$0.01
2022Summary only. Only limited summary data is available for this year.$0.53$0.01$0.52$1.04$1.02$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.01$0.50$1.13$1.03$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.05$0.39$1.00$0.93$0.07
2019Summary only. Only limited summary data is available for this year.$0.42$0.10$0.32$0.95$0.91$0.04
2018Summary only. Only limited summary data is available for this year.$0.43$0.14$0.29$0.94$0.92$0.02
2017Summary only. Only limited summary data is available for this year.$0.44$0.17$0.27$0.90$0.88$0.02
2016Summary only. Only limited summary data is available for this year.$0.48$0.23$0.25$0.94$0.97$0.02
2015Summary only. Only limited summary data is available for this year.$0.54$0.27$0.28$0.93$0.90$0.02
2014Summary only. Only limited summary data is available for this year.$0.56$0.31$0.25$0.97$0.93$0.04
2013Summary only. Only limited summary data is available for this year.$0.55$0.34$0.22$0.85$0.86$0.01
2012Summary only. Only limited summary data is available for this year.$0.60$0.37$0.23$0.82$0.79$0.03
2011Summary only. Only limited summary data is available for this year.$0.60$0.40$0.20$0.85$0.86$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.0
Gross Receipts
$1,102,233
Mission and Program Overview

Mission

Providing a Christian education program through a campus program, publishing, and broadcast services to our community. Our campus program reached an average of 63 students during the 2022 academic year. We also provide an educational outreach through a non-commercial radio outreach ministry reaching much of Eastern North Carolina. We also publish a free monthly magazine addressing the religious, educational, general welfare, and public interest of our service area.

Christian education and religious outreach and training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$530,569$552,271▲ $21,702
Cash and Non-Interest-Bearing Accounts$311,850$338,402▲ $26,552
Land, Buildings, and Equipment, Net$197,630$180,130▼ $17,500
Accounts Receivable$19,610$22,312▲ $2,702
Savings and Temporary Cash Investments$10,219$14,819▲ $4,600
Other Notes and Loans Receivable, Net$0$0→ $0
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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$539,309$555,663▲ $16,354
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,740$3,392▼ $5,348
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--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,740$3,392▼ $5,348
Net Assets / Fund Balance
Total Net Assets Fund Balance$530,569$552,271▲ $21,702
Total Liabilities and Net Assets / Fund Balance$539,309$555,663▲ $16,354

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$95,130$254,870$350,000
Land$85,000-$85,000
Other Land Buildings$0$0$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Amber ShermanDirector-$24,323$24,323
T D WorthingtonPresidentPT$18,350$18,350
Connie PetersDirectorPT$8,156$8,156

Board Members and Trustees

NameTitle
Tiffany JohnsonSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$929,841
Program Service Revenue
$172,362
Investment Income
$30
Other Revenue
$0
All Other Contributions
$929,841
Change in Net Assets
$21,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$668,109
Salaries, Compensation, and Employee Benefits$412,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$334,746$0$0$334,746
Occupancy$258,192$0$0$258,192
Other Expenses$145,936$0$0$145,936
Current Officers, Directors, Trustees, and Key Employees-$50,829$0$50,829
Office Expenses$29,508$0$0$29,508
Payroll Taxes$22,958$3,889$0$26,847
Depreciation Depletion$17,500$0$0$17,500
Insurance$17,320$0$0$17,320
Royalties$11,900$0$0$11,900
Interest$10,658$0$0$10,658
Fees for Services Legal$9,897$0$0$9,897
Travel$4,800$0$0$4,800
Fees for Services Accounting$3,110$0$0$3,110
Total Functional Expenses$1,025,813$54,718$0$1,080,531
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
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

Form 990, Part VI, Section B, Line 11b - Form 990, Part VI, Section B, Line 11b - The Completed 990 an all attached schedules and supporting documents are made available to out entire board for their review before the return is filed. Opportunity is given for comments or questions.

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

Form 990, Part VI, Section B, Line 12c - Board members and any key employees are required to disclose conflicts annually, or as the possibility of conflict is realized or determined, whichever occurs first. The individual is also required to leave the room when conflict of interest items are discussed.

Form 990, Part VI, Section B, Line 15

Form 990, Part VI, Section B, Line 15 - Our board approves an annual pay scale based upon the specific requirements of each job responsibility. In determining this pay scale, we research comparable data from other private schools, market conditions, and budgeting concerns. The approved pay scale is then refined for the individual based upon an employee performance valuation and longevity. Final approval rest with the board. It is understood that as a Christian ministry, most of our employees are grossly underpaid as compared to their secular counterparts.

Form 990, Part VI, Section C, Line 19

Form 990. Part VI, Section C, Line 19 - Copies of form 990 and associated schedules, our governing documents, conflict of interest policy, and related materials which are designated as "available for public inspection", are made available to the public during normal business hours at the academy office.

Form 990, Part VII, Section A, Line 1D

Dr. T.D. Worthington, Mrs. Amber Sherman, Connie Peters, And Tiffany Johnson ARE NOT compensated for their services on our board. Dr. T.D. Worthington, Mrs. Amber Sherman, and Mrs. Connie Peters are compensated for their services and responsibilities in the daily operations of the academy ministry. By policy, no one receives compensation from specifically serving on our board.

Filing and Contact Details

Filer

Filer Name
Pathway Christian Academy Inc
EIN
58-2046312
Phone
9197359176
Address
PO Box 1895, Goldsboro, NC 27533

Signing Officer

Name
T D Worthington
Title
President
Phone
9197359176
Signed
2025-05-13

Organization Details

Principal Officer
TD Worthington
Formed
1992
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
1
Employees
15
Volunteers
6
Raw XML AppendixShowing 400 of 539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt017320
IRS990/InsuranceGrp/TotalAmt017320
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt010658
IRS990/InterestGrp/TotalAmt010658
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0254870
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0197630
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0180130
IRS990/LandBldgEquipCostOrOtherBssAmt0435000
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Providing a Christian education program through a campus program, publishing, and broadcast services to our community. Our campus program reached an average of 67 students during the 2024 academic year. We also provide an educational outreach through a non-commercial radio outreach ministry reaching much of Eastern North Carolina. We also publish a free monthly magazine addressing the religious, educational, general welfare, and public interest of our service area.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0552271
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt029508
IRS990/OfficeExpensesGrp/TotalAmt029508
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt00
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IRS990/OtherExpensesGrp/Desc0School Curriculum
IRS990/OtherExpensesGrp/Desc1Equipment
IRS990/OtherExpensesGrp/Desc2Printing & Postage
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt047061
IRS990/OtherExpensesGrp/ProgramServicesAmt1112227
IRS990/OtherExpensesGrp/ProgramServicesAmt2145936
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IRS990/OtherExpensesGrp/TotalAmt1112227
IRS990/OtherExpensesGrp/TotalAmt2145936
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0334746
IRS990/OtherSalariesAndWagesGrp/TotalAmt0334746
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt00
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IRS990/PayrollTaxesGrp/TotalAmt026847
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/PriorPeriodAdjustmentsAmt00
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IRS990/RegularMonitoringEnfrcInd01
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IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0530569
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0552271
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014819
IRS990ScheduleA/SchoolInd0X

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