Totals
- Total revenue
- $41,665,634
- Total expenses
- $43,449,321
- Contributions and grants received
- $10,504,621
- Grants paid
- $0
- Program service revenue
- $31,785,534
- Investment income
- -$625,246
- Other revenue
- $725
- Total assets, end of year
- $58,285,070
- Total liabilities, end of year
- $20,259,921
- Net assets or fund balances, end of year
- $38,025,149
- Program services expenses (Part IX)
- $37,901,631
- Management and general expenses
- $3,684,389
- Fundraising expenses
- $1,863,301
- Program service expenses (Part III)
- $37,901,631
Program services were 87.2% 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
$30,243
-
1e · Government grants (contributions)
$5,612,097
-
1f · All other contributions, gifts and grants
$4,862,281
-
2a · Program service revenue: CLIENT FEES AND OTHER PROGRAM REV
total $31,785,534 · related or exempt $31,785,534
-
3 · Investment income
total $225,426 · excluded $225,426
-
7a · Gross sales of assets other than inventory
securities $133,645
-
7b · Less cost or other basis and sales expenses
securities $983,687 · other assets $630
-
7c · Gain or loss
securities -$850,042 · other assets -$630
-
7d · Net gain or loss
total -$850,672 · excluded -$850,672
-
11a · Other revenue: MISCELLANEOUS INCOME
total $725 · related or exempt $725
-
11e · Other revenue, total
$725
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,188,319 · program services $754,597 · management and general $1,140,185 · fundraising $293,537
-
7 · Other salaries and wages
total $22,018,657 · program services $20,283,482 · management and general $883,504 · fundraising $851,671
-
8 · Pension plan contributions
total $1,061,122 · program services $991,283 · management and general $33,107 · fundraising $36,732
-
9 · Other employee benefits
total $2,645,589 · program services $2,431,504 · management and general $149,553 · fundraising $64,532
-
10 · Payroll taxes
total $1,886,623 · program services $1,683,002 · management and general $126,132 · fundraising $77,489
-
11b · Fees: legal
total $122,409 · management and general $122,409
-
11c · Fees: accounting
total $185,044 · management and general $185,044
-
11d · Fees: lobbying
total $12,000 · management and general $12,000
-
11f · Fees: investment management
total $22,234 · management and general $22,234
-
11g · Fees: other
total $824,669 · program services $605,810 · management and general $218,859
-
12 · Advertising and promotion
total $1,340,434 · program services $861,326 · management and general $1,188 · fundraising $477,920
-
13 · Office expenses
total $2,356,909 · program services $2,214,588 · management and general $121,557 · fundraising $20,764
-
16 · Occupancy
total $782,399 · program services $782,399
-
17 · Travel
total $169,638 · program services $110,291 · management and general $45,690 · fundraising $13,657
-
20 · Interest
total $113,311 · program services $113,311
-
22 · Depreciation, depletion and amortization
total $2,964,577 · program services $2,896,898 · management and general $43,706 · fundraising $23,973
-
23 · Insurance
total $535,790 · program services $4,614 · management and general $531,176
-
24a · Other expenses: EQUIPMENT
total $2,341,532 · program services $2,290,461 · management and general $48,045 · fundraising $3,026
-
24b · Other expenses: BANK CHARGES
total $414,381 · program services $414,381
-
24c · Other expenses: REGULATORY FEES
total $146,706 · program services $146,706
-
24d · Other expenses: GRANT EXPENSES
total $130,988 · program services $130,988
-
24e · All other expenses
total $1,185,990 · program services $1,185,990
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,995,529 · end of year $1,237,341
-
4 · Accounts receivable
beginning of year $4,567,424 · end of year $5,357,818
-
9 · Prepaid expenses and deferred charges
beginning of year $1,299,867 · end of year $1,147,770
-
10a · Land, buildings and equipment: cost or other basis
$54,100,576
-
10b · Land, buildings and equipment: accumulated depreciation
$25,319,767
-
10c · Land, buildings and equipment, net
beginning of year $28,210,678 · end of year $28,780,809
-
11 · Investments: publicly traded securities
beginning of year $18,019,718 · end of year $13,387,080
-
14 · Intangible assets
beginning of year $37,165
-
15 · Other assets
beginning of year $9,271,919 · end of year $8,374,252
-
17 · Accounts payable and accrued expenses
beginning of year $3,422,332 · end of year $4,015,886
-
19 · Deferred revenue
beginning of year $1,264,899 · end of year $138,316
-
20 · Tax-exempt bond liabilities
beginning of year $9,205,964 · end of year $8,166,240
-
21 · Escrow or custodial account liability
beginning of year $8,960,677 · end of year $7,700,921
-
25 · Other liabilities
beginning of year $320,593 · end of year $238,558
-
27 · Net assets without donor restrictions
beginning of year $38,871,085 · end of year $36,251,174
-
28 · Net assets with donor restrictions
beginning of year $2,356,750 · end of year $1,773,975
Mission and programs · 2022
Mission
EMPOWER PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES
Activities or mission (Part I)
EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES.
-
CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, PRE-FILING BANKRUPTCY COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES TO PEOPLE IN ALL 50 STATES. IN 2022, WE PROVIDED THESE CREDIT AND DEBT COUNSELING SERVICES TO NEARLY 43,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 49,000 PEOPLE REPAY MORE THAN $185 MILLION IN DEBT.
Expenses $33,986,785 · Revenue $31,786,259
-
HOUSING COUNSELING: AS A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) INTERMEDIARY AND HOUSING COUNSELING AGENCY, GREENPATH PROVIDES MORTGAGE/RENT DELINQUENCY COUNSELING, PRE-PURCHASE HOME BUYER COUNSELING AND EDUCATION, AND REVERSE MORTGAGE (HECM) COUNSELING TO PEOPLE IN ALL 50 STATES. IN 2022, WE PROVIDED THESE HOUSING COUNSELING SERVICES TO MORE THAN 40,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS.
Expenses $3,914,846
As filed on the 2022 return.
Listed in Part VII
-
Kristen HoltKRISTEN HOLT
PRESIDENT & CEO
- Total calculated
- $542,929
- From this org
- $504,816
- From related orgs
- $0
- Other
- $38,113
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $382,250
- Bonus
- $112,500
- Other
- $10,066
- Deferred
- $15,250
- Nontaxable benefits
- $22,863
- Filer's total
- $542,929
-
Donna McNeillDONNA MCNEILL
CHIEF OPERATING OFFICER
- Total calculated
- $397,902
- From this org
- $352,175
- From related orgs
- $0
- Other
- $45,727
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $272,183
- Bonus
- $68,000
- Other
- $11,992
- Deferred
- $15,250
- Nontaxable benefits
- $30,477
- Filer's total
- $397,902
-
Sireesha MandavaSIREESHA MANDAVA
CHIEF INFORMATION OFFICER
- Total calculated
- $356,695
- From this org
- $321,561
- From related orgs
- $0
- Other
- $35,134
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $258,984
- Bonus
- $62,250
- Other
- $327
- Deferred
- $15,250
- Nontaxable benefits
- $19,884
- Filer's total
- $356,695
-
Richard T HollisRICHARD T HOLLIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $313,806
- From this org
- $274,276
- From related orgs
- $0
- Other
- $39,530
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $221,786
- Bonus
- $49,823
- Other
- $2,667
- Deferred
- $13,829
- Nontaxable benefits
- $25,701
- Filer's total
- $313,806
-
Richard BialobrzeskiRICHARD BIALOBRZESKI
CHIEF BUSINESS DEVELOPMENT OFFICER
- Total calculated
- $293,537
- From this org
- $255,133
- From related orgs
- $0
- Other
- $38,404
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,875
- Bonus
- $46,800
- Other
- $9,458
- Deferred
- $13,159
- Nontaxable benefits
- $25,245
- Filer's total
- $293,537
-
Susan Elizabeth Duncan-MurphySUSAN ELIZABETH DUNCAN-MURPHY
CHIEF PEOPLE OFFICER
- Total calculated
- $283,450
- From this org
- $240,279
- From related orgs
- $0
- Other
- $43,171
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,527
- Bonus
- $48,250
- Other
- $502
- Deferred
- $12,531
- Nontaxable benefits
- $30,640
- Filer's total
- $283,450
-
David FloresDAVID FLORES
DIRECTOR OF CLIENT SERVICES & PROGRAM PERFORMANCE
- Total calculated
- $253,252
- From this org
- $216,768
- From related orgs
- $0
- Other
- $36,484
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,406
- Bonus
- $39,145
- Other
- $217
- Deferred
- $11,239
- Nontaxable benefits
- $25,245
- Filer's total
- $253,252
-
Jennifer FraserJENNIFER FRASER
DIRECTOR OF STAKEHOLDER ENGAGEMENT & CCO
- Total calculated
- $235,781
- From this org
- $183,316
- From related orgs
- $0
- Other
- $52,465
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $166,191
- Bonus
- $16,642
- Other
- $483
- Deferred
- $9,503
- Nontaxable benefits
- $42,962
- Filer's total
- $235,781
-
Edward C EnneyEDWARD C ENNEY
SR. BUSINESS APPLICATION MANAGER
- Total calculated
- $199,910
- From this org
- $159,074
- From related orgs
- $0
- Other
- $40,836
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,531
- Bonus
- $7,640
- Other
- $903
- Deferred
- $6,781
- Nontaxable benefits
- $34,055
- Filer's total
- $199,910
-
Maureen Ann AndersonMAUREEN ANN ANDERSON
DIRECTOR OF COMPLIANCE AND NETWORK OVERSIGHT
- Total calculated
- $205,230
- From this org
- $158,344
- From related orgs
- $0
- Other
- $46,886
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $144,672
- Bonus
- $13,171
- Other
- $501
- Deferred
- $8,202
- Nontaxable benefits
- $38,684
- Filer's total
- $205,230
-
Leo G HopperLEO G HOPPER
DIRECTOR OF INFORMATION SECURITY
- Total calculated
- $203,049
- From this org
- $156,163
- From related orgs
- $0
- Other
- $46,886
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,781
- Bonus
- $12,444
- Other
- $938
- Deferred
- $8,202
- Nontaxable benefits
- $38,684
- Filer's total
- $203,049
-
Carey PachlaCAREY PACHLA
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michelle GreeneMICHELLE GREENE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Anthony ZambelliANTHONY ZAMBELLI
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William RichardsWILLIAM RICHARDS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John FirthJOHN FIRTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bruce GottschallBRUCE GOTTSCHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joe LafeirJOE LAFEIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael PoulosMICHAEL POULOS
DIRECTOR (LEFT 11/2022)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joshua SledgeJOSHUA SLEDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Shawn StewartSHAWN STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jane SydlowskiJANE SYDLOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 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
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 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
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.
-
HOMEOWNERSHIP PRESERVATION FOUNDATION
501(C)(3) · HOUSING · MN · controlled entity
Directly controlled by GREENPATH INC
-
501(C)(3) · DEBT RESTRUCTURING, FINANCIAL EDUCATION, TAX RETURN PREPARATION · MT · controlled entity
Directly controlled by GREENPATH INC
-
501(C)(3) · HOUSING, FINANCIAL EDUCATION · PA · controlled entity
Directly controlled by GREENPATH INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332059349300808
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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