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Nonprofiteer
← GREENPATH INNOVATION DESIGN

Form 990 for tax year 2024

Filed by GREENPATH INNOVATION DESIGN.

Totals

Total revenue
$1,045,031
Total expenses
$1,045,031
Contributions and grants received
$1,045,031
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$125,390
Total liabilities, end of year
$125,390
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$870,842
Management and general expenses
$139,789
Fundraising expenses
$34,400
Program service expenses (Part III)
$870,842

Program services were 83.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $80,000

  • 1d · Related organizations

    $965,031

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $815,486 · program services $642,347 · management and general $138,739 · fundraising $34,400

  • 8 · Pension plan contributions

    total $28,073 · program services $28,073

  • 9 · Other employee benefits

    total $55,312 · program services $55,312

  • 10 · Payroll taxes

    total $41,539 · program services $41,539

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 11g · Fees: other

    total $44,980 · program services $44,980

  • 12 · Advertising and promotion

    total $125 · program services $125

  • 13 · Office expenses

    total $51,170 · program services $51,170

  • 17 · Travel

    total $5,839 · program services $5,839

  • 19 · Conferences, conventions and meetings

    total $1,457 · program services $1,457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,831 · end of year $11,498

  • 4 · Accounts receivable

    beginning of year $103,974 · end of year $83,931

  • 9 · Prepaid expenses and deferred charges

    end of year $29,961

  • 17 · Accounts payable and accrued expenses

    beginning of year $244,805 · end of year $125,390

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

GREENPATH INNOVATION DESIGN WAS ORGANIZED TO ENGAGE IN RESEARCH, ANALYSIS, AND TESTING THAT WILL LEAD TO BUILDING INNOVATIVE, HUMAN-CENTERED PRODUCTS AND SERVICES TO BENEFIT INDIVIDUALS IN IMPROVING THEIR SOCIAL AND FINANCIAL WELL-BEING. OUR FOCUS WILL BE ON MEETING THE NEEDS OF DIVERSE, UNDERSERVED POPULATIONS AND THE NONPROFIT ORGANIZATIONS THAT SERVE THEM.

Activities or mission (Part I)

TO BUILD INNOVATIVE PRODUCTS & SERVICES TO IMPROVE AN INDIVIDUAL'S SOCIAL AND FINANCIAL WELL-BEING.

  • PRODUCT DEVELOPMENT -GREENPATH INNOVATION DESIGN IS FOCUSED ON RESEARCH, ANALYSIS AND TESTING THAT LEADS TO NEW PRODUCTS AND SERVICES FOCUSED ON IMPROVING THE FINANCIAL AND SOCIAL WELL-BEING OF UNDERSERVED COMMUNITIES. OUR CURRENT PRIORITIES ARE FOCUSED ON IMPROVING FINANCIAL RESILIENCY AROUND BUILDING SAVINGS, TRANSITIONING PEOPLE FROM DEBT PAYOFF STRATEGIES TO LONGER-TERM WEALTH CREATION, AND SUPPORTING PEOPLE IN NAVIGATING TRUSTED FINANCIAL SYSTEMS TO IMPROVE CREDIT.

    Expenses $870,842

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jane Sydlowski

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Carey Pachla

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • May Russell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Luisa Schumacher

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michelle Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kristen Holt

    PRESIDENT & CEO

    Total calculated
    $519,626
    From this org
    $0
    From related orgs
    $474,384
    Other
    $45,242
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,437 related
    Bonus
    $0 + $90,449 related
    Other
    $0 + $9,498 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $27,992 related
    Filer's total
    $0 + $519,626 related

  • Richard T Hollis

    CFO (SERVED UNTIL 09/2024)

    Total calculated
    $276,899
    From this org
    $0
    From related orgs
    $265,414
    Other
    $11,485
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,111 related
    Bonus
    $0 + $47,790 related
    Other
    $0 + $56,513 related
    Deferred
    $0 + $11,485 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $276,899 related

  • Michael Shinkonis

    CFO (BEGAN SERVICE 08/2024)

    Total calculated
    $224,879
    From this org
    $0
    From related orgs
    $187,083
    Other
    $37,796
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,745 related
    Bonus
    $0 + $14,011 related
    Other
    $0 + $327 related
    Deferred
    $0 + $9,804 related
    Nontaxable benefits
    $0 + $27,992 related
    Filer's total
    $0 + $224,879 related

  • Richard Bialobrzeski

    CHIEF BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $304,655
    From this org
    $0
    From related orgs
    $263,194
    Other
    $41,461
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,741 related
    Bonus
    $0 + $48,875 related
    Other
    $0 + $9,578 related
    Deferred
    $0 + $13,601 related
    Nontaxable benefits
    $0 + $27,860 related
    Filer's total
    $0 + $304,655 related

  • Bradley O'Brien

    DIRECTOR OF GP INNOVATION DESIGN

    Total calculated
    $159,444
    From this org
    $0
    From related orgs
    $124,985
    Other
    $34,459
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $116,526 related
    Bonus
    $0 + $8,241 related
    Other
    $0 + $218 related
    Deferred
    $0 + $6,467 related
    Nontaxable benefits
    $0 + $27,992 related
    Filer's total
    $0 + $159,444 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT AND CEO LISTED IN FORM 990, PART VII, SECTION A, IS EMPLOYED BY GREENPATH, INC, WHICH IS THE SOLE MEMBER/PROPRIETOR OF THE FILING ORGANIZATION. THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED AND PAID ENTIRELY BY THE RELATED COMPANY. THE FILING ORGANIZATION DOES NOT HAVE ANY DIRECT EMPLOYEES AND DID NOT PARTICIPATE IN ESTABLISHING THE PRESIDENT AND CEO'S COMPENSATION. ACCORDINGLY, NO BOXES ARE CHECKED IN PART I, QUESTION 3.
PART I, LINE 4A
RICHARD T. HOLLIS, FORMER CHIEF FINANCIAL OFFICER, RECEIVED A SEVERANCE PAYMENT OF $36,308 FOLLOWING HIS RETIREMENT FROM THE ORGANIZATION IN SEPTEMBER 2024. THE PAYMENT WAS MADE BY GREENPATH, INC., A RELATED ORGANIZATION AND THE SOLE MEMBER OF THE FILING ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349303310

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