Civic Intelligence

Path Forward Inc

990 • Fiscal year 2017 • EIN 81-1438676

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

3 Park Ave 41st FloorNew York, NY 10016

(646) 367-3905

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • NTEE J • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.47x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • NTEE J • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-6.5%

Higher net margin than 23% of similar nonprofits.

2017 filings • NTEE J • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$154,651

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 35.0% of source-year revenue.

2017 filings • NTEE J • <$500k nonprofits • Source year 2017

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

2017 filings • NTEE J • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • NTEE J • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$232,641

Up $51,874 (+29%) from 2016

Net Assets

Down

$26,195

Down $28,796 (-52%) from 2016

Liabilities

Up

$206,446

Up $80,670 (+64%) from 2016

Revenue

Up

$441,362

Up $90,078 (+26%) from 2016

Expenses

Up

$470,158

Up $173,865 (+59%) from 2016

Net Income

Down

-$28,796

Down $83,787 (-152%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $180,767Liabilities 2016: $125,776Net Assets 2016: $54,9912016Assets 2017: $232,641Liabilities 2017: $206,446Net Assets 2017: $26,1952017Assets 2018: $387,906Liabilities 2018: $151,205Net Assets 2018: $236,7012018Assets 2019: $364,277Liabilities 2019: $47,500Net Assets 2019: $316,7772019Assets 2020: $317,285Liabilities 2020: $121,000Net Assets 2020: $196,2852020Assets 2021: $743,620Liabilities 2021: $302,000Net Assets 2021: $441,6202021Assets 2022: $713,442Liabilities 2022: $273,000Net Assets 2022: $440,4422022Assets 2023: $233,597Liabilities 2023: $116,500Net Assets 2023: $117,0972023Assets 2024: $142,224Liabilities 2024: $0Net Assets 2024: $142,2242024

Highlighted filing

2017

Assets$232,641
Liabilities$206,446
Net Assets$26,195

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $351,284Expenses 2016: $296,293Net Income 2016: $54,9912016Revenue 2017: $441,362Expenses 2017: $470,158Net Income 2017: -$28,7962017Revenue 2018: $833,750Expenses 2018: $623,244Net Income 2018: $210,5062018Revenue 2019: $892,574Expenses 2019: $812,498Net Income 2019: $80,0762019Revenue 2020: $661,601Expenses 2020: $782,093Net Income 2020: -$120,4922020Revenue 2021: $1,201,891Expenses 2021: $956,556Net Income 2021: $245,3352021Revenue 2022: $1,688,059Expenses 2022: $1,689,237Net Income 2022: -$1,1782022Revenue 2023: $1,033,963Expenses 2023: $1,357,308Net Income 2023: -$323,3452023Revenue 2024: $180,330Expenses 2024: $155,203Net Income 2024: $25,1272024

Highlighted filing

2017

Revenue$441,362
Expenses$470,158
Net Income-$28,796
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$441,362
Mission and Program Overview

Mission

Path forward inc. Is a nonprofit organization on a mission to reduce unemployment and underemployment provide education and training resources for successful employment and create opportunities for individuals re-entering the workforce after extended absences.

To provide education and training resources and opportunities for individuals re-entering the workforce after extended absences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$135,767$175,641▲ $39,874
Accounts Receivable$45,000$57,000▲ $12,000
Total Assets$180,767$232,641▲ $51,874
Liabilities
Accounts Payable and Accrued Expenses$95,776$108,946▲ $13,170
Deferred Revenue$30,000$97,500▲ $67,500
Total Liabilities$125,776$206,446▲ $80,670
Net Assets / Fund Balance
Unrestricted Net Assets$54,991$26,195▼ $28,796
Total Net Assets Fund Balance$54,991$26,195▼ $28,796
Total Liabilities and Net Assets / Fund Balance$180,767$232,641▲ $51,874
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tami FormanExecutive DirectorFT$154,651$154,651

Board Members and Trustees

NameTitle
Matt BlumbergCo-chair and President
Joanne WilsonCo-chair and Treasurer
Cathie BlackDirector
Raj VinnakotaDirector
Cathy HawleySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$189,362
Program Service Revenue
$252,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$189,362
Change in Net Assets
$-28,796

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$36,000Fair Market Value
Total Noncash Contributions1$36,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$369,936
Other Expenses$100,222
Total Fundraising Expense$49,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,550$36,994$44,392$369,936
Travel$41,407--$41,407
Occupancy$28,080$3,600$4,320$36,000
Fees for Services Accounting-$5,200-$5,200
Insurance-$3,954-$3,954
Fees for Services Legal-$1,606-$1,606
Other Expenses$1,947$985$358$985
Total Functional Expenses$368,749$52,339$49,070$470,158
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 A, Line 8B

There are no other commiteees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The organization distributes a draft copy of the 990 to its board members for review before the 990 is actually filed.

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

The organization's conflict of interest policy covers officers, directors, members of committees, and employees. Each covered person must disclose any and all facts that may be construed as a conflict of interest, both through an annual disclosure process and whenever such actual or potential conflict arises. The board of directors will review submitted disclosures, determine whether or not a conflict of interest exists, and determine whether or not such conflict materially and adversely affects the organization's interests. If the board determines that an actual or potential conflict of interest exists, it shall also determine an appropriate remedy. A covered person whose potential conflict is under review may not debate, vote, or otherwise participate in such determination except to disclose material facts and to respond to questions, and shall further abstain from participating in any matter affecting the interest under review pending a determination from the board. There have been no conflicts of interest to date, but path forward will follow this policy if and when one arises.

Form 990, Part VI, Section B, Line 15A

The organization's compensation policy requires that the compensation arrangement must be approved in advance by the board of directors or a delegated committee of the board, composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. When the approving body is considering compensation to covered individuals, it must rely on comparability data that demonstrates the fair market value of the compensation in question. The approving body must contemporaneously document how it reached its decisions, including the data on which it relied. In 2017, this process was undertaken to establish the compensation for the executive director.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available upon request

Filing and Contact Details

Filer

Filer Name
Path Forward Inc
EIN
81-1438676
Phone
6463673905
Address
3 PARK AVE 41ST FLOOR, NEW YORK, NY 10016

Signing Officer

Name
Matthew Blumberg
Title
Co-chair and President
Phone
6463673905
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Blumberg
Formed
2016
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Capossela Cohen LLC
Address
368 CENTER STREET, SOUTHPORT, CT 06890
Preparer
Joseph V Barranca CPA
Phone
2032547000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization recognizes the effects of the tax positions only when they are more likely than not of being sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement disclosure.

Raw XML Appendix379 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/Desc0PATH FORWARD, INC. WORKS WITH BUSINESSES TO HAVE PAID INTERNSHIP OPPORTUNITIES CREATED FOR MEN AND WOMEN WHO HAVE BEEN OUT OF WORK FOR MORE THAN TWO YEARS, RECRUITS CANDIDATES FOR THESE INTERNSHIP OPPORTUNITIES, AND PROVIDES THEM WITH EDUCATIONAL MATERIALS, MENTORING, AND NETWORKING SUPPORT. AS OF THE END OF 2017, MORE THAN 130 PARTICIPANTS HAVE BEEN PLACED AT MORE THAN 25 PARTNER COMPANIES. OF THOSE, 81% RECEIVED ONGOING OFFERS OF EMPLOYMENT AT THE END OF THE PROGRAM.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TAMI FORMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0154651
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES THE SALARY OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0IN-KIND RENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt036000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO OTHER COMMITEEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DISTRIBUTES A DRAFT COPY OF THE 990 TO ITS BOARD MEMBERS FOR REVIEW BEFORE THE 990 IS ACTUALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS OFFICERS, DIRECTORS, MEMBERS OF COMMITTEES, AND EMPLOYEES. EACH COVERED PERSON MUST DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH AN ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT ARISES. THE BOARD OF DIRECTORS WILL REVIEW SUBMITTED DISCLOSURES, DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND DETERMINE WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE ORGANIZATION'S INTERESTS. IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL ALSO DETERMINE AN APPROPRIATE REMEDY. A COVERED PERSON WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS, AND SHALL FURTHER ABSTAIN FROM PARTICIPATING IN ANY MATTER AFFECTING THE INTEREST UNDER REVIEW PENDING A DETERMINATION FROM THE BOARD. THERE HAVE BEEN NO CONFLICTS OF INTEREST TO DATE, BUT PATH FORWARD WILL FOLLOW THIS POLICY IF AND WHEN ONE ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S COMPENSATION POLICY REQUIRES THAT THE COMPENSATION ARRANGEMENT MUST BE APPROVED IN ADVANCE BY THE BOARD OF DIRECTORS OR A DELEGATED COMMITTEE OF THE BOARD, COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. WHEN THE APPROVING BODY IS CONSIDERING COMPENSATION TO COVERED INDIVIDUALS, IT MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE APPROVING BODY MUST CONTEMPORANEOUSLY DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED. IN 2017, THIS PROCESS WAS UNDERTAKEN TO ESTABLISH THE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0189362
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0368749
IRS990/TotalFunctionalExpensesGrp/TotalAmt0470158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125776
IRS990/TotalLiabilitiesEOYAmt0206446
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt0252000
IRS990/TotalReportableCompFromOrgAmt0154651
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0252000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0441362
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0180767
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0232641
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt041407
IRS990/TravelGrp/TotalAmt041407
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt054991
IRS990/UnrestrictedNetAssetsGrp/EOYAmt026195
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03 PARK AVE 41ST FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010016
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PATHFORWARD.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW BLUMBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIR AND PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06463673905
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATH FORWARD INC
ReturnHeader/Filer/BusinessNameControlTxt0PATH
ReturnHeader/Filer/EIN0811438676
ReturnHeader/Filer/PhoneNum06463673905
ReturnHeader/Filer/USAddress/AddressLine1Txt03 PARK AVE 41ST FLOOR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010016
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B0DD234DB9F3201013A3EC351D3A0B8820915E0E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B0DD234DB9F3201013A3EC351D3A0B8820915E0E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.89.170.50
ReturnHeader/FilingSecurityInformation/IPDt02018-10-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:23:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061415579
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAPOSSELA COHEN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0368 CENTER STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOUTHPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006890
ReturnHeader/PreparerPersonGrp/PhoneNum02032547000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH V BARRANCA CPA
ReturnHeader/ReturnTs02018-11-02T16:10:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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