Path Foundation Inc
- Assets
- $16.5m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 11/1991
- Data as of
- 03/2024
- EIN
- 58-1949696
Organization Overview
Path Foundation Inc is located in Atlanta, GA. The organization was established in 1991. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 03/2024, Path Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path 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 03/2024, Path Foundation Inc generated $22.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $14.3m during the year ending 03/2024. While expenses have increased by 2.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PLANNING, DESIGN AND CONSTRUCTION OF MULTI-USE TRAIL SYSTEMS THROUGHOUT METRO ATLANTA AND THE STATE OF GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS PARTNERED TO MASTER PLAN AND DEVELOP TRAILS WITH THE CITY OF ATLANTA, MANY CITIES AND COUNTIES IN METRO ATLANTA AND THE STATE OF GEORGIA. THE ORGANIZATION HAS PLANNED TRAIL SYSTEMS FOR OUR PARTNERS AND ASSISTED WITH IMPLEMENTATION OF TRAIL SEGMENTS.
THE ORGANIZATION HAS ENTERED INTO PUBLIC-PRIVATE PARTNERSHIPS WITH THE CITY OF ATLANTA, MANY CITIES AND COUNTIES IN METRO ATLANTA AND THE STATE OF GEORGIA TO ADVANCE TRAIL CONSTRUCTION. SINCE 1991, THE ORGANIZATION HAS ASSISTED IN THE BUILDING OF OVER 325 MILES OF TRAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Taylor Board Member/vice Chairman | OfficerTrustee | 2 | $0 |
B Harvey Hill Jr Board Member | Trustee | 2 | $0 |
C Austin Stephens Board Member | Trustee | 2 | $0 |
Charles Shufeldt Board Chairman | OfficerTrustee | 2 | $0 |
Ciannat Howett Board Member | Trustee | 2 | $0 |
E Cody Laird Jr Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lewallen Construction Co Construction | 3/30/19 | $2,944,255 |
Astra Group Inc Construction | 3/30/19 | $1,687,801 |
Kaizen Collaborative Llc Construction | 3/30/19 | $1,470,391 |
Capital Signs Inc Architecture And Design | 3/30/19 | $339,413 |
North Georgia Land Services Inc Landscape Contractors | 3/30/19 | $250,470 |
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 | $19,110,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,110,127 |
| Total Program Service Revenue | $2,788,688 |
| Investment income | $53,322 |
| 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 | $21,953,168 |
| 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. | $840,707 |
| Compensation of current officers, directors, key employees. | $212,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,344 |
| Payroll taxes | $48,656 |
| 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 | $11,273 |
| Fees for services: Other | $16,964 |
| Advertising and promotion | $7,994 |
| Office expenses | $5,583 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,895 |
| 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 | $8,319 |
| Insurance | $153,870 |
| All other expenses | $83,100 |
| Total functional expenses | $14,299,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,336,843 |
| Pledges and grants receivable | $9,209,531 |
| Accounts receivable, net | $1,111 |
| 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 | $23,597 |
| Net Land, buildings, and equipment | $9,063 |
| Investments—publicly traded securities | $944,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,524,737 |
| Accounts payable and accrued expenses | $1,662,430 |
| 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 | $1,662,430 |
| Net assets without donor restrictions | $6,725,493 |
| Net assets with donor restrictions | $8,136,814 |
| 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 | $16,524,737 |