Pathways Academy Adult Education
- Assets
- $451.6k
- Revenue
- $651.9k
- Investments
- $0.0
- Employees
- 12
- Location
- San Marcos, CA
- Founding
- 07/2017
- Data as of
- 06/2021
- EIN
- 81-4867223
Organization Overview
Pathways Academy Adult Education is located in San Marcos, CA. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Pathways Academy Adult Education employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathways Academy Adult Education 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 06/2021, Pathways Academy Adult Education generated $651.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $714.7k during the year ending 06/2021. While expenses have increased by 38.9% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES TUITION FREE CHARTER SCHOOL PROGRAMS FOR STUDENTS AGES 16-25 TO COMPLETE THEIR HIGH SCHOOL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF TWO CALIFORNIA CHARTER SCHOOLS TO FURTHER THE MISSION SERVING APPROXIMATELY 64 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarom Luedtke Executive Director | Officer | 40 | $90,000 |
Rudy Kastelic Vice President | OfficerTrustee | 5 | $6,000 |
Thomas Schaaf Clerk | OfficerTrustee | 5 | $6,000 |
Charlie Padilla President | OfficerTrustee | 5 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $639,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,720 |
| Total Program Service Revenue | $0 |
| Investment income | $425 |
| 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 | $651,900 |
| 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. | $122,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,475 |
| Payroll taxes | $20,586 |
| Fees for services: Management | $2,547 |
| Fees for services: Legal | $87,584 |
| Fees for services: Accounting | $15,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,135 |
| Advertising and promotion | $0 |
| Office expenses | $433 |
| Information technology | $5,320 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,179 |
| All other expenses | $0 |
| Total functional expenses | $714,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $291,401 |
| 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 | $10,067 |
| 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 | $451,606 |
| Accounts payable and accrued expenses | $379,484 |
| Grants payable | $0 |
| Deferred revenue | $11,710 |
| 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 | $74,998 |
| Other liabilities | $73,000 |
| Total liabilities | $539,192 |
| Net assets without donor restrictions | -$87,586 |
| 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 | $451,606 |
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