New Path Inc
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Tipp City, OH
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 31-1710997
Organization Overview
New Path Inc is located in Tipp City, OH. The organization was established in 2001. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, New Path Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Path Inc 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 12/2021, New Path Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST FAMILIES AND INDIVIDUALS IN FINANCIAL CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW PATH, INC. IS A FAITH-BASED ORGANIZATION THAT OFFERS MANY PROGRAMS OPERATED BY BOTH STAFF AND VOLUNTEER LEADERS, THE FOCUS OF OUR PROGRAMMING IS PROVIDING AFFORDABLE ALTERNATIVES TO BASIC NEEDS FOR THOSE PEOPLE STRUGGLING ECONOMICALLY; AND A PATHWAY TO A MORE PROMISING LIFE ASSURED THROUGH BETTER EDUCATION, ACCESS TO TECHNOLOGY, STABLE HOUSING, AND SAFE NEIGHBORHOODS. IN ANY GIVEN YEAR, THE NEW PATH, INC. WILL SERVE 48,000 INDIVIDUALS THROUGHOUT MIAMI COUNTY, OHIO AND PORTIONS OF MONTGOMERY COUNTY, OHIO, AS WELL. THE FOOD PANTRY PROVIDES A BOX OF A VARIETY OF FOODS FOR FAMILIES ONCE A MONTH WHO MEET FEDERAL POVERTY INCOME GUIDELINES OR WHO ARE IN AN EMERGENCY CRISIS. THE FOOD PANTRY PROVIDED SERVICES TO INDIVIDUALS.
RESALE SHOP FOR "GENTLY USED CLOTHING" TO PROVIDE CLOTHING AT NO COST FAMILIES IN EMERGENCY SITUATIONS AND GENERATE REVENUE TO SUPPORT ALL OF THE ORGANIZATIONS PROGRAMS. EACH HOUSEHOLD IN EMERGENCY SITUATIONS MAY RECEIVE CLOTHING BASED ON THE SIZE OF THE HOUSEHOLD EVERY SIX MONTHS.
HOUSEHOLD GOOD PROVIDED TO FAMILIES IN EMERGENCY SITUATIONS. THE ORGANIZATION PROVIDED HOUSEHOLD GOODS TO INDIVIDUALS.
PROVIDES ASSISTANCE FOR INDIVIDUALS AND/OR FAMILIES IN VARIOUS AREAS WHICH INCLUDES: CLOTHING, FOOD, UTILITIES, FURNITURE, VEHICLES, TRANSITIONAL HOUSING, TRAINING, AND TECHNICAL ASSISTANCE, SALES OF DONATED ITEMS. PROVIDED USED MEDICAL EQUIPMENT TO INDIVIDUALS. PROVIDED SUPPORT WITH PET FOOD TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Lutz Executive Di | Officer | 40 | $81,781 |
Bruce Boyd Vice-Pres. | OfficerTrustee | 5 | $0 |
Beth Handwerker Treasurer | OfficerTrustee | 5 | $0 |
Dr Jake Mathias DVM President | OfficerTrustee | 5 | $0 |
Susan Westfall Board Member | Trustee | 5 | $0 |
Margie Dehays Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,363,841 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,363,841 |
| Total Program Service Revenue | $0 |
| Investment income | $1,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,344 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $234,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,612,732 |
| 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. | $81,781 |
| Compensation of current officers, directors, key employees. | $20,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,000 |
| Travel | $1,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,016 |
| Insurance | $0 |
| All other expenses | $88,887 |
| Total functional expenses | $1,493,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,449 |
| Savings and temporary cash investments | $309,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $368,330 |
| Prepaid expenses and deferred charges | $41,706 |
| Net Land, buildings, and equipment | $202,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,890 |
| Total assets | $1,050,428 |
| Accounts payable and accrued expenses | $41,620 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $41,620 |
| Net assets without donor restrictions | $953,388 |
| Net assets with donor restrictions | $55,420 |
| 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 | $1,050,428 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that New Path Inc has recieved totaling $36,715.
| Awarding Organization | Amount |
|---|---|
United Way Of Miami County Inc Troy, OH PURPOSE: FOOD/FINANCIAL ASSIS | $23,560 |
Upper Valley Medical Center Dayton, OH PURPOSE: SUPPORT | $7,110 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,493 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Bucks County Opportunity Council Inc Doylestown, PA | $4,467,309 | $12,553,071 |
Water Street Ministries Lancaster, PA | $27,847,945 | $13,681,131 |
Area Iv Agency On Aging And Community Action Programs Inc Lafayette, IN | $2,168,785 | $11,411,192 |
Light Of Life Ministries Inc Pittsburgh, PA | $24,514,350 | $12,091,518 |
Real Alternatives Harrisburg, PA | $3,218,782 | $7,572,282 |
Old Order Amish Helping Program Elizabethville, PA | $294,169,877 | $7,401,236 |
Shepherd Community Inc Indianapolis, IN | $12,371,405 | $8,451,700 |
Peoples Emergency Center Philadelphia, PA | $15,414,180 | $6,602,781 |
Lifeline For The Empowerment & Development Of Consumers Inc Painesville, OH | $2,217,869 | $5,898,404 |
Weaverland Financial Aid Lititz, PA | $214,771,821 | $5,826,105 |
The Good Samaritan Ministries Holland, MI | $6,761,787 | $5,714,896 |