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Nonprofiteer
← PATHWAYS COLLEGE INC

Form 990 for tax year 2022

Filed by PATHWAYS COLLEGE INC.

Totals

Total revenue
$35,419
Total expenses
$707,259
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,855
Investment income
$22,564
Other revenue
$0
Total assets, end of year
$2,028,255
Total liabilities, end of year
$132,671
Net assets or fund balances, end of year
$1,895,584
Program services expenses (Part IX)
$424,117
Management and general expenses
$283,142
Fundraising expenses
$0
Program service expenses (Part III)
$424,117

Program services were 60.0% 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.

  • 2a · Program service revenue: TUITION AND FEES

    total $12,855 · related or exempt $12,855

  • 3 · Investment income

    total $22,564 · related or exempt $22,564

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $265,406 · program services $235,406 · management and general $30,000

  • 9 · Other employee benefits

    total $4,724 · program services $4,724

  • 10 · Payroll taxes

    total $22,344 · program services $20,244 · management and general $2,100

  • 11g · Fees: other

    total $20,552 · management and general $20,552

  • 12 · Advertising and promotion

    total $5,290 · program services $5,290

  • 16 · Occupancy

    total $33,520 · management and general $33,520

  • 17 · Travel

    total $40,179 · management and general $40,179

  • 22 · Depreciation, depletion and amortization

    total $4,615 · management and general $4,615

  • 23 · Insurance

    total $16,489 · program services $16,489

  • 24a · Other expenses: EDUCATIONAL PROGRAM EXP

    total $213,882 · program services $96,894 · management and general $116,988

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $41,421 · program services $41,421

  • 24c · Other expenses: BUSINESSS TAX AND LICEN

    total $13,526 · management and general $13,526

  • 24d · Other expenses: G&A EXPENSE

    total $10,442 · program services $2,625 · management and general $7,817

  • 24e · All other expenses

    total $14,869 · program services $1,024 · management and general $13,845

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,350 · end of year $362,017

  • 4 · Accounts receivable

    beginning of year $0 · end of year $8,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,493 · end of year $11,470

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

    $25,174

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

    $4,615

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $20,559

  • 12 · Investments: other securities

    beginning of year $2,406,816 · end of year $1,578,802

  • 15 · Other assets

    beginning of year $752 · end of year $46,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,066 · end of year $50,859

  • 25 · Other liabilities

    beginning of year $8,966 · end of year $81,812

  • 27 · Net assets without donor restrictions

    beginning of year $2,540,379 · end of year $1,895,584

Mission and programs · 2022

Mission

TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND RELATED SUBJECTS MAY BE TAUGHT, AND ADVANCED DEGREES GRANTED ACCORDING TO COURSES OF STUDY APPROVED BY THE BOARD OF DIRECTORS, AND SUCH OTHER ACTIVITIES THAT ARE IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF THE CORPORATION.

Activities or mission (Part I)

TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND RELATED SUBJECTS MAY BE TAUGHT.

  • TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND RELATED SUBJECTS MAY BE TAUGHT, AND ADVANCED DEGREES GRANTED, ACCORDING TO COURSES OF STUDY APPROVED BY THE BOARD OF DIRECTORS, AND SUCH OTHER ACTIVITIES THAT ARE IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF THE CORPORATION.

    Expenses $424,117 · Revenue $12,855

  • INTEREST

    Revenue $22,564

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Griffin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Wilfert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karin Newlin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Covaleskie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Norbert Kreuzer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julie Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aeriell Woodhams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Price

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hall

    CHANCELLOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Hall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jamie Donahue

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Hall Jr

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Lenihan

    PRESIDENT

    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.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431349349308793

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