Totals
- Total revenue
- $91,118
- Total expenses
- $240,862
- Contributions and grants received
- $52,000
- Grants paid
- $0
- Program service revenue
- $35,935
- Investment income
- $3,183
- Other revenue
- $0
- Total assets, end of year
- $1,916,711
- Total liabilities, end of year
- $1,578,039
- Net assets or fund balances, end of year
- $338,672
- Program services expenses (Part IX)
- $204,733
- Management and general expenses
- $36,129
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $204,733
Program services were 85.0% 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.
-
1f · All other contributions, gifts and grants
$52,000
-
2a · Program service revenue: Program Service Fee
total $35,935 · related or exempt $35,935
-
3 · Investment income
total $3,183 · excluded $3,183
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $76,245 · program services $64,809 · management and general $11,436
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $36,341 · program services $30,889 · management and general $5,452
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $11,292 · program services $9,598 · management and general $1,694
-
10 · Payroll taxes
total $7,568 · program services $6,433 · management and general $1,135
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $192 · program services $163 · management and general $29
-
11c · Fees: accounting
total $5,187 · program services $4,409 · management and general $778
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $34,260 · program services $29,121 · management and general $5,139
-
12 · Advertising and promotion
total $1,172 · program services $996 · management and general $176
-
13 · Office expenses
total $235 · program services $200 · management and general $35
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $33,574 · program services $28,538 · management and general $5,036
-
17 · Travel
total $26 · program services $22 · management and general $4
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $15,822 · program services $13,449 · management and general $2,373
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,908 · program services $7,572 · management and general $1,336
-
24a · Other expenses: BANK CHARGES AND FEES
total $3,826 · program services $3,252 · management and general $574
-
24b · Other expenses: SOFTWARE
total $3,159 · program services $2,685 · management and general $474
-
24c · Other expenses: DUES AND SUBSCRIPTIONS
total $2,283 · program services $1,941 · management and general $342
-
24d · Other expenses: MEALS
total $315 · program services $268 · management and general $47
-
24e · All other expenses
total $457 · program services $388 · management and general $69
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $963,574 · end of year $1,527,137
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $225,000 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $161,638
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $7,267
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $220,669
-
17 · Accounts payable and accrued expenses
beginning of year $2,427 · end of year $13,962
-
23 · Secured mortgages and notes payable
beginning of year $600,000 · end of year $1,350,000
-
25 · Other liabilities
end of year $214,077
-
27 · Net assets without donor restrictions
beginning of year $261,147 · end of year $193,193
-
28 · Net assets with donor restrictions
beginning of year $325,000 · end of year $145,479
Mission and programs · 2022
Mission
Pathway Capital Funding Inc.'s mission is to expand the flow of capital to small, minority, and women-owned businesses with a documented history of discrimination to achieve parity in business development in Palm Beach County and the Treasure Coast of Florida; and to aid businesses in low to moderate income areas that substantially hire low-income persons and offer livable wages.
Activities or mission (Part I)
Leveling the playing field in procurement opportunities, Pathway Capital Funding, Inc., is committed to providing affordable loans, coaching and connections to underserved small businesses in low- and- moderate income areas of Palm Beach County.
-
To assist small business owners an alternative opportunity to obtain financing for their small business that they would not ordinaryily qualified for through their local banks, under similar approval process.
Expenses $204,733 · Grants $52,000 · Revenue $39,118
As filed on the 2022 return.
Listed in Part VII
-
Marlon White
Former CEO
- Total calculated
- $39,065
- From this org
- $39,065
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Pamela Stewart
President & CEO
- Total calculated
- $37,180
- From this org
- $37,180
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Charles W Keys III
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sean Chaderton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Douglas Lawson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lochan Chanderballi
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bobby Saint-Preux
Director
- Total calculated
- $0
- Hours/week
- 2
-
Maya Chandler
Director
- Total calculated
- $0
- Hours/week
- 2
-
Edwin Ferguson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Donna Carroll
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Timpthy B Thompson
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Steven L Eassa
Secretary
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 8 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440399349300819
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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