Pathway Ministries
- Assets
- $6.0m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 103
- Location
- Peoria, IL
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 37-0804158
Organization Overview
Pathway Ministries is located in Peoria, IL. The organization was established in 1957. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Pathway Ministries employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathway Ministries 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 12/2023, Pathway Ministries generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MINISTER TO THE SPIRITUAL AND WELFARE NEEDS OF INDIVIDUALS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST TRANSIENT MEN WITH BASIC NEEDS OF LIFE: PHYSICAL, EMOTIONAL, MENTAL AND SPIRITUAL - INCLUDES MEALS, LODGING, CLOTHING, COUNSELING, JOB ASSISTANCE, AND WORSHIP SERVICES.
ASSIST TRANSIENT WOMEN WITH BASIC NEEDS OF LIFE: PHYSICAL, EMOTIONAL, MENTAL, AND SPIRITUAL - INCLUDES MEALS, LODGING, CLOTHING, COUNSELING, JOB ASSISTANCE, AND WORHSIP SERVICES.
PROVIDE WORK-READINESS TRAINING FOR INDIVIDUALS STAYING AT THE MISSION TO ASSIST WITH ACQUIRING A SUSTAINABLE LIFE OF SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Rocke Executive Dir. | Officer | 40 | $135,326 |
Christian Pearson Director | Trustee | 1 | $0 |
Nick Verardo Treasurer | OfficerTrustee | 1 | $0 |
Jeremiah Alwerdt Director | Trustee | 1 | $0 |
Julie Roth Secretary | OfficerTrustee | 1 | $0 |
Jenna Kahler Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $367,424 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,418,300 |
| Noncash contributions included in lines 1a–1f | $628,986 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,785,724 |
| Total Program Service Revenue | $0 |
| Investment income | $56,719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,482 |
| Net Income from Fundraising Events | -$39,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $718,633 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,672,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $139,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,326 |
| Compensation of current officers, directors, key employees. | $81,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,537,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $329,932 |
| Payroll taxes | $199,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $307,759 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $236,470 |
| Office expenses | $84,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,573 |
| Travel | $67,557 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $303,925 |
| Insurance | $170,493 |
| All other expenses | $233,039 |
| Total functional expenses | $5,998,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350 |
| Savings and temporary cash investments | $1,172,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $179,722 |
| Prepaid expenses and deferred charges | $85,373 |
| Net Land, buildings, and equipment | $4,465,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,994,871 |
| Accounts payable and accrued expenses | $247,417 |
| 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 | $247,417 |
| Net assets without donor restrictions | $5,709,462 |
| Net assets with donor restrictions | $37,992 |
| 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 | $5,994,871 |