Economic Mobility Pathways Inc
- Assets
- $13.4m
- Revenue
- $13.8m
- Investments
- $6.9m
- Employees
- 144
- Location
- Boston, MA
- Founding
- 04/1962
- Data as of
- 06/2022
- EIN
- 04-2104046
Organization Overview
Economic Mobility Pathways Inc, operating under the name Empath, is located in Boston, MA. The organization was established in 1962. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Empath employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empath is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Empath generated $13.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPATH COMBINES DIRECT SERVICE PROGRAMS, INDEPENDENT RESEARCH, AND PUBLIC POLICY ADVOCACY IN ITS MISSION TO TRANSFORM LIVES BY HELPING PEOPLE MOVE OUT OF POVERTY AND PROVIDES THE TOOLS FOR OTHER INSTITUTIONS TO SYSTEMATICALLY DO THE SAME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPATH'S HOUSING AND STABILIZATION PROGRAMS SERVED 967 PEOPLE, INCLUDING 408 FAMILIES IN FY22. THESE PROGRAMS INCLUDE EMERGENCY SHELTER FOR HOMELESS FAMILIES AND SUPPORTIVE HOUSING SERVICES FOR FORMERLY HOMELESS FAMILIES LIVING IN PERMANENT HOUSING. EMPATH IS ONE OF THE LARGEST PROVIDERS OF EMERGENCY HOUSING IN MASSACHUSETTS, OPERATING 158 UNITS. EMPATH'S HOUSING AND STABILIZATION PROGRAMS PROVIDE INTESIVE EDUCATION AND CASE MANAGEMENT TO HELP FAMILIES STABILIZE AND GAIN SKILLS AND CONFIDENCE NECESSARY TO ACHIEVE ECONOMIC INDEPENDENCE.
EMPATH'S MOBILITY MENTORING SERVICES PROVIDE LOW-INCOME WOMEN AN OPPORTUNITY TO DEVELOP THE SKILLS, KNOWLEDGE AND STRATEGIES NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY. THE MOBILITY MENTORING SERVICES PROGRAMS GROUND THEIR TRAINING IN THE FIVE PILLARS OF EMPATH'S "BRIDGE TO SELF SUFFICIENCY"(TM): FAMILY STABILITY, WELL-BEING, EDUCATION AND TRAINING, FINANCIAL MANAGEMENT, AND EMPLOYMENT AND CAREER MANAGEMENT. IN FY22, EMPATH PROVIDED MOBILITY MENTORING SERVICES TO 1,313 PARTICIPANTS. IN THE MOST INTESIVE MOBILITY PROGRAM, 62% OF PARTICIPANTS HAVE INCREASED THEIR CREDIT SCORES. IN ADDITION, THE AVERAGE ANNUAL INCOME INCREASED BY 168% FROM $18,960 TO $48,888 OVER THE DURATION OF THE PROGRAM.
THE ECONOMIC MOBILITY EXCHANGE IS A MEMBERSHIP-BASED NETWORK COMPRISED OF NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES LEARNING TOGETHER ABOUT EMPATH'S MOBILITY MENTORING MODEL. THROUGH TRAINING, WEBINARS, TECHNICAL ASSISTANCE, AND ONLINE RESOURCE PORTAL, THE NETWORK CAPTURES AND SHARES BACK INNOVATIVE WAYS IN WHICH MEMBERS EVOLVE AND ADAPT THE MODEL AND TOOLS, SHARING BEST PRACTICES TO MOST EFFICIENTLY SUPPORT PEOPLE IN THEIR JOURNEY TO FULL ECONOMIC SELF-SUFFICIENCY. IN FY22, THERE WERE 172 MEMBERS TRAINED BY THE MOBILITY NETWORKING MODEL. SINCE 2014, OVER 341,000 INDIVIDUALS HAVE BEEN SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Babcock President/ceo(retired 6/30/22) | OfficerTrustee | 40 | $227,258 |
Kim Janey President & Ceo(started 6/1/22) | OfficerTrustee | 40 | $0 |
Mary Coleman Senior VP & COO | Officer | 40 | $191,536 |
Ruth Liberman Vice President | 40 | $163,302 | |
Richard Gair CFO | Officer | 40 | $171,233 |
Ashley Winning Vice President | 40 | $113,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $97,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,611,130 |
| Noncash contributions included in lines 1a–1f | $83,565 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,708,630 |
| Total Program Service Revenue | $11,073,237 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,366 |
| Net Income from Fundraising Events | -$13,096 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,825,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $687,493 |
| Compensation of current officers, directors, key employees. | $259,007 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,090,963 |
| Pension plan accruals and contributions | $92,693 |
| Other employee benefits | $846,090 |
| Payroll taxes | $529,005 |
| Fees for services: Management | $455,976 |
| Fees for services: Legal | $5,863 |
| Fees for services: Accounting | $49,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,700 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87,313 |
| Office expenses | $464,891 |
| Information technology | $82,217 |
| Royalties | $0 |
| Occupancy | $3,525,564 |
| Travel | $42,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,204 |
| Interest | $7,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $298,029 |
| Insurance | $97,346 |
| All other expenses | $0 |
| Total functional expenses | $14,509,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,176,447 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,150 |
| Accounts receivable, net | $1,073,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $286,868 |
| Net Land, buildings, and equipment | $2,809,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,904,174 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,348 |
| Total assets | $13,381,545 |
| Accounts payable and accrued expenses | $1,388,811 |
| Grants payable | $0 |
| Deferred revenue | $61,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,450,506 |
| Net assets without donor restrictions | $7,469,004 |
| Net assets with donor restrictions | $4,462,035 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,381,545 |