Path To College Foundation Inc
- Assets
- $778.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Worth Beach, FL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-5228014
Organization Overview
Path To College Foundation Inc, operating under the name Path To College, is located in Lake Worth Beach, FL. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path To College 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, Path To College generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $929.3k during the year ending 12/2023. While expenses have increased by 53.3% per year over the past 6 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
OUR MISSION AT PATH TO COLLEGE (PCT) IS TO EXPAND MINDS AND IGNITE POTENTIAL. WE ENVISION A WORLD WHERE GENIUS, LEADERSHIP, AND EXCELLENCE ARE CULTIVATED IN THE MOST OVERLOOKED STUDENTS IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FLAGSHIP PROGRAM IS A THREE-YEAR ACADEMIC FELLOWSHIP THAT PROVIDES COMPREHENSIVE AND HOLISTIC SUPPORT TO DRIVEN STUDENTS FROM LOW-INCOME COMMUNITIES. SINCE ITS INCEPTION, PATH TO COLLEGE HAS HELPED THOUSANDS OF STUDENTS CLARIFY AND ACHIEVE THEIR COLLEGE ADMISSION GOALS. GRADUATES OF THE ACADEMIC FELLOWSHIP PROGRAM HAVE AN AVERAGE SAT INCREASE OF 150 POINTS, THEY APPLY TO COLLEGES 200% ABOVE THE NATIONAL RATE, AND 100% OF STUDENTS HAVE BEEN ACCEPTED TO 4-YEAR SCHOOLS, WITH 60% OF GRADUATES ACCEPTED TO TOP TIER UNIVERSITIES WITH FULL RIDE SCHOLARSHIPS. THROUGH ACADEMIC COMPETITIONS, SAT PREP, THREE-YEAR LONG TARGETED MENTORING, AND OPPORTUNITIES FOR LEADESHIP AND SERVICE, OUR STUDENTS ARE DEVELOPED INTO THE CANDIDATES SELECTIVE COLLEGES LOOK FOR. WE GO BEYOND JUST PROVIDING INFORMATION, WE CATALYZE THEIR OWN SELF-AGENCY IN THEIR ACADEMIC PURSUIT. IT IS CALLED A FELLOWSHIP BECAUSE, AT THE HEART OF OUR ETHOS, WHAT DRIVES OUR WORK FORWARD IS THE BELIEF THAT POSITIVE RELATIONSHIPS CAN TRULY CHANGE LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Sylvain Executive Director | OfficerTrustee | 40 | $116,543 |
Alan Saladrigas Treasurer | OfficerTrustee | 1 | $0 |
Michelle Pelletier Director | Trustee | 1 | $0 |
Paul E Dumars Jr Director | Trustee | 1 | $0 |
Latasha Akoma Director | Trustee | 1 | $0 |
Sandra Coto President | 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 | $1,072,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,072,107 |
| Total Program Service Revenue | $0 |
| Investment income | $14,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,616 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,138,077 |
| 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. | $116,543 |
| Compensation of current officers, directors, key employees. | $7,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,224 |
| Payroll taxes | $38,595 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,633 |
| Travel | $8,182 |
| 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 | $0 |
| Insurance | $8,060 |
| All other expenses | $258,569 |
| Total functional expenses | $929,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,600 |
| Savings and temporary cash investments | $402,040 |
| Pledges and grants receivable | $246,815 |
| 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 | $10,110 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,726 |
| Total assets | $778,291 |
| Accounts payable and accrued expenses | $350 |
| 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 | $36,316 |
| Total liabilities | $36,666 |
| Net assets without donor restrictions | $741,625 |
| 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 | $778,291 |