Forward Paths Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Leesburg, FL
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 46-2442032
Organization Overview
Forward Paths Foundation Inc is located in Leesburg, FL. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Forward Paths Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Paths Foundation 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 12/2023, Forward Paths Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $554.8k during the year ending 12/2023. While expenses have increased by 29.5% per year over the past 9 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
HOUSE HOMELESS YOUTHS & PROVIDE SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: PROVIDE HOUSING BY PAYING RENTS, UTILITIES AND OTHER EXPENSES.
FOOD, HEALTHCARE & TRANSPORTATION: PROVIDE MEALS, GROCERIES, MEDICATIONS, COUNSELING AND TRANSPORTATION BY WORKING WITH OTHER ORGANIZATIONS AND PAYING FEES DIRECTLY.
EDUCATION: PROVIDE PAYMENTS AND SERVICES TO FURTHER YOUTHS EDUCATION INCLUDING TUITION, TESTING FEES, BOOKS AND SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Grimes Director | Trustee | 1 | $0 |
Larry Dolan Director | Trustee | 1 | $0 |
Sharon Wooten Vice President | Trustee | 1 | $0 |
Patrick Thomas Director | Trustee | 1 | $0 |
Lauren Ritchie Director | Trustee | 1 | $0 |
Kairise Conwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $440,080 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,840 |
| Noncash contributions included in lines 1a–1f | $84,046 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,920 |
| Total Program Service Revenue | $0 |
| Investment income | $21,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,119,187 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,721 |
| Advertising and promotion | $14,278 |
| Office expenses | $3,916 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,191 |
| Travel | $9,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,963 |
| Insurance | $9,391 |
| All other expenses | $34 |
| Total functional expenses | $554,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $992,655 |
| Savings and temporary cash investments | $771,425 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $819,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,583,703 |
| Accounts payable and accrued expenses | $3,396 |
| 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 | $232,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $236,146 |
| Net assets without donor restrictions | $2,347,557 |
| Net assets with donor restrictions | $0 |
| 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 | $2,583,703 |