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← FINANCIAL PATHWAYS OF THE PIEDMONT INC

Form 990 for tax year 2024

Filed by FINANCIAL PATHWAYS OF THE PIEDMONT INC.

Totals

Total revenue
$1,501,590
Total expenses
$1,430,550
Contributions and grants received
$1,113,194
Grants paid
$0
Program service revenue
$314,504
Investment income
$75,383
Other revenue
-$1,491
Total assets, end of year
$1,910,386
Total liabilities, end of year
$1,140,279
Net assets or fund balances, end of year
$770,107
Program services expenses (Part IX)
$1,068,818
Management and general expenses
$160,401
Fundraising expenses
$201,331
Program service expenses (Part III)
$1,068,818

Program services were 74.7% 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

    $230,495

  • 1c · Fundraising events

    $69,601

  • 1e · Government grants (contributions)

    $301,671

  • 1f · All other contributions, gifts and grants

    $511,427

  • 2a · Program service revenue: CLIENT FEES

    total $267,561 · related or exempt $267,561

  • 2b · Program service revenue: CONTRACT COUNSELING

    total $41,743 · related or exempt $41,743

  • 2c · Program service revenue: DEBT MANAGEMENT PROGRAM FEES

    total $5,200 · related or exempt $5,200

  • 3 · Investment income

    total $75,383 · excluded $75,383

  • 8a · Fundraising events: contributions included on line 1c

    $69,601

  • 8b · Fundraising events: direct expenses

    $7,743

  • 8c · Net income from fundraising events

    total -$7,743 · excluded -$7,743

  • 11a · Other revenue: MISCELLANEOUS

    total $6,252 · excluded $6,252

  • 11e · Other revenue, total

    $6,252

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,723 · program services $93,251 · management and general $9,471 · fundraising $19,001

  • 7 · Other salaries and wages

    total $781,071 · program services $597,426 · management and general $60,793 · fundraising $122,852

  • 8 · Pension plan contributions

    total $11,942 · program services $9,293 · management and general $926 · fundraising $1,723

  • 9 · Other employee benefits

    total $85,681 · program services $66,677 · management and general $6,643 · fundraising $12,361

  • 10 · Payroll taxes

    total $66,233 · program services $50,240 · management and general $5,276 · fundraising $10,717

  • 11b · Fees: legal

    total $120 · program services $120

  • 11c · Fees: accounting

    total $23,750 · program services $18,245 · management and general $1,853 · fundraising $3,652

  • 11g · Fees: other

    total $99,336 · program services $70,709 · management and general $19,388 · fundraising $9,239

  • 12 · Advertising and promotion

    total $220 · program services $220

  • 13 · Office expenses

    total $53,584 · program services $36,386 · management and general $11,907 · fundraising $5,291

  • 16 · Occupancy

    total $113,965 · program services $89,520 · management and general $11,294 · fundraising $13,151

  • 17 · Travel

    total $7,261 · program services $3,620 · management and general $3,538 · fundraising $103

  • 19 · Conferences, conventions and meetings

    total $5,247 · program services $2,616 · management and general $2,557 · fundraising $74

  • 21 · Payments to affiliates

    total $17,100 · program services $17,100

  • 22 · Depreciation, depletion and amortization

    total $9,548 · management and general $9,548

  • 23 · Insurance

    total $14,046 · program services $11,052 · management and general $1,095 · fundraising $1,899

  • 24a · Other expenses: MISCELLANEOUS

    total $19,723 · program services $2,343 · management and general $16,112 · fundraising $1,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,130 · end of year $124,730

  • 2 · Savings and temporary cash investments

    beginning of year $160,821 · end of year $464,585

  • 3 · Pledges and grants receivable

    beginning of year $172,175 · end of year $163,432

  • 4 · Accounts receivable

    beginning of year $346,065 · end of year $14,802

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,207 · end of year $15,713

  • 10a · Land, buildings and equipment: cost or other basis

    $145,735

  • 10b · Land, buildings and equipment: accumulated depreciation

    $111,235

  • 10c · Land, buildings and equipment, net

    beginning of year $13,139 · end of year $34,500

  • 15 · Other assets

    beginning of year $1,216,232 · end of year $1,092,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,565 · end of year $48,333

  • 21 · Escrow or custodial account liability

    beginning of year $889,374 · end of year $874,794

  • 25 · Other liabilities

    beginning of year $330,763 · end of year $217,152

  • 27 · Net assets without donor restrictions

    beginning of year $541,270 · end of year $626,018

  • 28 · Net assets with donor restrictions

    beginning of year $157,797 · end of year $144,089

Mission and programs · 2024

Mission

TO DELIVER PROFESSIONAL EDUCATION AND COUNSELING SERVICES REGARDING PERSONAL MONEY MANAGEMENT, DEBT REDUCTION PROGRAMS, COMPREHENSIVE HOUSING COUNSELING AND THE WISE USE OF CREDIT TO, AND TO IMPROVE THE FINANCIAL WELL-BEING OF, ALL SEGMENTS OF THE COMMUNITY.

Activities or mission (Part I)

TO DELIVER PROFESSIONAL CONSUMER EDUCATION, DEBT REDUCTION PROGRAMS, COMPREHENSIVE HOUSING COUNSELING AND INFORMATION ON THE WISE USE OF CREDIT TO ALL SEGMENTS OF THE COMMUNITY, TO IMPROVE THEIR FINANCIAL WELL-BEING.

  • REPRESENTATIVE PAYEE: THE REPRESENTATIVE PAYEE PROGRAM IS AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION TO RECEIVE MONTHLY SSA/SSI FUNDS FOR THE BENEFIT OF CLIENTS WHO CANNOT MANAGE THEIR OWN MONEY. THE REP PAYEE CASE MANAGERS HELP CLIENTS MAINTAIN FINANCIAL WELL-BEING AND FOSTER INDEPENDENT LIVING.

    Expenses $344,372 · Revenue $252,048

  • HOUSING: THE HOUSING DIVISION ASSISTS CLIENTS WITH HOUSING RELATED TOPICS REGARDING HOMEOWNERSHIP, MORTGAGE DELINQUENCY, FINANCIAL MANAGEMENT, HOME EQUITY CONVERSION MORTGAGES, RENTERS AND LANDLORD/TENANT ISSUES. THE PRINCIPLE GOAL OF ALL HOUSING COUNSELING SERVICES IS TO PROVIDE THE CLIENT WITH ACCURATE, IMPARTIAL, DETAILED ADVICE, AND THE DEVELOPMENT OF AN ACTION PLAN TO ALLOW THE CLIENT TO ADDRESS THEIR HOUSING NEED OR PROBLEM.

    Expenses $486,234 · Revenue $27,376

  • CONSUMER FINANCIAL EDUCATION: WE SERVE CLIENTS WITH AN ARRAY OF EDUCATIONAL OPPORTUNITIES AND COACHING AIMED AT BOTH OVERCOMING CRISES AND ACHIEVING FINANCIAL ASPIRATIONS. THESE INCLUDE CLASSES AND WORKSHOPS ON BASIC FINANCES AS WELL AS SPECIALIZED CREDIT, MORTGAGE, AND HOMEOWNERSHIP TOPICS.

    Expenses $238,212 · Revenue $35,080

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

Listed in Part VII

  • PHYLLIS CALDWELL-GEORGE

    PRESIDENT &

    Total calculated
    $119,194
    From this org
    $108,164
    From related orgs
    $0
    Other
    $11,030
    Hours/week
    40

  • RONDA MAYS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT LEFELAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA KELLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMARKUS SWINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR SHERRI LAWSON-CLARK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CRISSY DIXON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM COWLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENT CARLTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROL DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA DEZARN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GRAY BARBOUR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDELL A CAIN JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN S OSBORNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAMELA SPALDING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDY HARDING

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TREVA OLIPHANT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOE CARROLL

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LYNN SPILLMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MIKE FISHER

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.0
Source object
202600529349300625

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