Pathway Financial Education
- Assets
- $533.2k
- Revenue
- $591.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Kansas City, MO
- Founding
- Data as of
- 12/2021
- EIN
- 85-2703953
Organization Overview
Pathway Financial Education is located in Kansas City, MO. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Pathway Financial 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 12/2021, Pathway Financial Education generated $591.9k in total revenue. All expenses for the organization totaled $182.5k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PATHWAY FINANCIAL EDUCATION ("PATHWAY") IS COMMITTED TO PROVIDING COMPREHENSIVE FINANCIAL TRAINING AND EDUCATION TO SMALL BUSINESS OWNERS AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATHWAY OFFERS FREE FINANCIAL EDUCATION CLASSES TO SMALL BUSINESSES, ADULTS AND YOUTHS (GRADES 9-12). SMALL BUSINESS CLASSES FOCUS ON MONEY BASICS/ MANAGEMENT, TAX AND ACCOUNTING RECORDS SERVICES, BOOKKEEPING AND OTHER FINANCIAL SERVICES. ADULT FINANCIAL EDUCATION CLASSES ASSIST WITH BUILDING FINANCIAL FUTURES, MANAGING DEBT AND SPENDING/ SAVINGS PLANS. YOUTH CLASSES BUILD LITERACY SKILLS AND THE KNOWLEDGE NECESSARY TO BECOME A FINANCIALLY RESPONSIBLE ADULT, I.E. EARNING MONEY, SPENDING/ SAVING, BORROWING AND OTHER SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latasha Wilson Executive Director | Officer | 40 | $28,462 |
Peter Mallouk Executive Board Member | Trustee | 1 | $0 |
Vince Clark Board Member | Trustee | 25 | $0 |
Bob Harris Board Member | Trustee | 1 | $0 |
George Fernandez Board Member | Trustee | 1 | $0 |
Kara Feuerborn Board Member | Trustee | 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 | $591,858 |
| Noncash contributions included in lines 1a–1f | $5,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,858 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $591,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,461 |
| Compensation of current officers, directors, key employees. | $1,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,234 |
| 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 | $160 |
| Advertising and promotion | $11,008 |
| Office expenses | $9,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,812 |
| Travel | $0 |
| 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 | $66,643 |
| Insurance | $4,650 |
| All other expenses | $73 |
| Total functional expenses | $182,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $347,468 |
| Investments—publicly traded securities | $4,017 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,383 |
| Other assets | $0 |
| Total assets | $533,187 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $533,187 |
| Total liabilities and net assets/fund balances | $533,187 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pathway Financial Education has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Royals Charities Inc Kansas City, MO PURPOSE: PROGRAMS | $150,000 |
Opus Foundation Minneapolis, MN PURPOSE: LEARNING MANAGEMENT SYSTEM (LMS) IMPLEMENTATION | $50,000 |
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|---|---|---|
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