Building Pathways Inc
- Assets
- $2.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Roxbury, MA
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-5276622
Organization Overview
Building Pathways Inc is located in Roxbury, MA. The organization was established in 2016. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2023, Building Pathways Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Pathways 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, Building Pathways Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 17.0% 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
TO PROVIDE PRE-APPRENTICESHIP WORKFORCE TRAINING AND CREATE OPPORTUNITIES FOR LOW-INCOME AND UNDERREPRESENTED POPULATION IN THE BUILDING TRADES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARE INDIVIDUALS TO MEET THE ENTRY REQUIREMENTS FOR, GAIN CONSIDERATION FORM, AND SUCCEED IN A REGISTERED APPRENTICESHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Doherty President | Trustee | 0.5 | $0 |
Mark Fortune Treasurer | Trustee | 0.5 | $0 |
Richard Carter Clerk | Trustee | 0.5 | $0 |
Darlene Lombos Director | Trustee | 0.5 | $0 |
Nicole Horberg Decter Director | Trustee | 0.5 | $0 |
Kenell Broomstein Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,450,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,539,662 |
| Total Program Service Revenue | $0 |
| Investment income | $2,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $232,204 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,774,023 |
| 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. | $549,774 |
| Compensation of current officers, directors, key employees. | $31,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $53,602 |
| Other employee benefits | $99,989 |
| Payroll taxes | $47,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,949 |
| Advertising and promotion | $0 |
| Office expenses | $78,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,537 |
| Travel | $23,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,291 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,373,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,370 |
| Savings and temporary cash investments | $600,142 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,897 |
| 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 | $2,171 |
| Net Land, buildings, and equipment | $90,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $453,542 |
| Total assets | $2,222,253 |
| Accounts payable and accrued expenses | $111,956 |
| 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 | $431,063 |
| Total liabilities | $543,019 |
| Net assets without donor restrictions | $1,679,234 |
| 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 | $2,222,253 |