Pave Inc
- Assets
- $2.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- 09/2016
- Data as of
- 03/2023
- EIN
- 81-2330119
Organization Overview
Pave Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 03/2023, Pave Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pave 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 03/2023, Pave Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $2.2m during the year ending 03/2023. While expenses have increased by 31.9% per year over the past 7 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 GIVE FAMILIES A VOICE AND A CHOICE IN THE VISION FOR EDUCATION IN WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR GOAL IS TO CONNECT PARENTS, SCHOOL LEADERS, POLICYMAKERS, AND ELECTED OFFICIALS TO MAKE COLLABORATIVE DECISIONS THAT ENSURE ALL STUDENTS HAVE ACCESS TO GREAT EDUCATION IN DC. HIGHLIGHTS OF OUR ACCOMPLISHMENTS INCLUDE:* SIGNIFICANT BUDGET WINS IN LINE WITH PARENT PRIORITIES INCLUDING AN INCREASE IN " AT-RISK" FUNDING FOR THE FY23 SCHOOL YEAR, ADDITIONAL FUNDING FOR EXPANDED MENTAL HEALTH SUPPORTS, FUNDING FOR A COST STUDY TO DETERMINE THE TRUE COST OF THE SBMH NOW AND IN THE FUTURE, AND AN INCREASE IN FUNDING FOR OUT OF SCHOOL TIME (OST) PROGRAMS ON TOP OF MAINTAINING LARGE INVESTMENTS THAT PARENTS ADVOCATED FOR IN PREVIOUS YEARS.* 123 PARENT LEADERS SERVED ON PAVE PARENT LEADER IN EDUCATION BOARDS. THE BREAKDOWN BY WARD WAS 15 PARENT LEADERS FROM WARD 1, 23 FROM WARD 4, 16 PARENTS REPRESENTING WARD 5, 10 FROM WARD 6, 28 PARENTS IN WARD 7, AND 31 PARENTS REPRESENTING WARD 8. * PAVE CONVENED AND SUPPORTED DC SCHOOL LEADERS BY PROVIDING RESOURCES FOR REFLECTION, PEER LEARNING, AND BEST PRACTICE SHARING - ALL DESIGNED TO ELEVATE PARENT VOICE IN EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kemba Hendrix Vice Chair | OfficerTrustee | 1 | $0 |
Lajoy Johnson Law Director | Trustee | 1 | $0 |
Margery Yeager Board Chair | OfficerTrustee | 2 | $0 |
Matthew Haggerty Treasurer | OfficerTrustee | 1 | $0 |
Michael Yudin Director | Trustee | 1 | $0 |
Nathaniel Beers Secretary | OfficerTrustee | 1 | $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 | $2,200,803 |
| Noncash contributions included in lines 1a–1f | $10,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,803 |
| Total Program Service Revenue | $100 |
| Investment income | $11,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,499 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,223,870 |
| 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 | $1,023,000 |
| Pension plan accruals and contributions | $32,662 |
| Other employee benefits | $116,363 |
| Payroll taxes | $77,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,216 |
| Advertising and promotion | $0 |
| Office expenses | $27,204 |
| Information technology | $48,081 |
| Royalties | $0 |
| Occupancy | $90,001 |
| Travel | $13,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,826 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,754 |
| All other expenses | $8,953 |
| Total functional expenses | $2,241,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,139 |
| Savings and temporary cash investments | $1,050,199 |
| Pledges and grants receivable | $749,121 |
| 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 | $23,395 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,333,854 |
| Accounts payable and accrued expenses | $64,188 |
| Grants payable | $0 |
| Deferred revenue | $19,000 |
| 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 | $83,188 |
| Net assets without donor restrictions | $1,328,945 |
| Net assets with donor restrictions | $921,721 |
| 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 | $2,333,854 |