Path Partnerships
- Assets
- $3.9m
- Revenue
- $729.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Warrenton, VA
- Founding
- Data as of
- 09/2023
- EIN
- 85-1911943
Organization Overview
Path Partnerships is located in Warrenton, VA. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path Partnerships 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 09/2023, Path Partnerships generated $729.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.8%) each year. All expenses for the organization totaled $742.2k during the year ending 09/2023. 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
THE MISSION OF THE CORPORATION IS TO PROMOTE HEALTH, EDUCATE THE PUBLIC, PROVIDE RELIEF TO THE POOR AND DISTRESSED, LESSEN THE BURDENS OF GOVERNMENT, AND COMBAT COMMUNITY DETERIORATION BY SERVING AS A STATEWIDE RESOURCE THAT (1) OFFERS FINANCIAL SUPPORT FOR CHARITABLE AND EDUCATIONAL INITIATIVES ACROSS THE STATE, (2) ENGAGES IN RESEARCH AND EDUCATION THAT IS MADE PUBLICLY AVAILABLE, AND (3) DEVELOPS AND ENCOURAGES COLLABORATIONS THAT ACCOMPLISH CHARITABLE AND EDUCATIONAL OBJECTIVES THROUGH RESOURCE-SHARING, LEARNING, AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIRGINIA FUNDERS' NETWORK (VFN) - A NEWLY-FORMED STATEWIDE MEMBERSHIP PROGRAM OF MORE THAN 100 PHILANTHROPIC ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE IN THE COMMONWEALTH. VFN ENHANCES THE EFFECTIVENESS OF OUR MEMBERS' WORK THROUGH NETWORKING, COLLABORATION, LEARNING, AND LEVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Connolly President | OfficerTrustee | 2 | $0 |
Elizabeth L Dietel Chair | OfficerTrustee | 0.25 | $0 |
Douglas Marshall Vice Chair | OfficerTrustee | 0.25 | $0 |
Raymond C Knott Member | Trustee | 0.25 | $0 |
Roger Baker Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Katy Moore Left 010123 Ceo, Virginia Funders Network | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,978 |
| Total Program Service Revenue | $205,375 |
| Investment income | $54,489 |
| 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 | $729,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $124,529 |
| Compensation of current officers, directors, key employees. | $24,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,039 |
| Pension plan accruals and contributions | $5,347 |
| Other employee benefits | $6,800 |
| Payroll taxes | $18,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,036 |
| Fees for services: Accounting | $44,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,711 |
| Advertising and promotion | $0 |
| Office expenses | $34,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461 |
| Insurance | $0 |
| All other expenses | $1,191 |
| Total functional expenses | $742,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,000 |
| 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 | $6,876 |
| Net Land, buildings, and equipment | $1,117 |
| Investments—publicly traded securities | $2,756,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $625,605 |
| Total assets | $3,931,687 |
| Accounts payable and accrued expenses | $17,133 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $31,125 |
| Total liabilities | $58,258 |
| Net assets without donor restrictions | $3,089,974 |
| Net assets with donor restrictions | $783,455 |
| 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 | $3,931,687 |