Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: COUNSELING FEES

  total $10,399,256 · related or exempt $10,399,256

• 3 · Investment income

  total $267,890 · excluded $267,890

• 7a · Gross sales of assets other than inventory

  securities $7,381,975

• 7b · Less cost or other basis and sales expenses

  securities $6,802,247

• 7c · Gain or loss

  securities $579,728

• 7d · Net gain or loss

  total $579,728 · excluded $579,728

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,012,429 · program services $732,365 · management and general $280,064

• 8 · Pension plan contributions

  total $51,791 · program services $39,873 · management and general $11,918

• 9 · Other employee benefits

  total $72,057 · program services $58,374 · management and general $13,683

• 10 · Payroll taxes

  total $68,575 · program services $50,567 · management and general $18,008

• 11b · Fees: legal

  total $3,322 · management and general $3,322

• 11c · Fees: accounting

  total $3,187 · management and general $3,187

• 11d · Fees: lobbying

  total $15,000 · fundraising $15,000

• 11f · Fees: investment management

  total $12,534 · management and general $12,534

• 13 · Office expenses

  total $16,116 · program services $13,690 · management and general $2,426

• 14 · Information technology

  total $993 · program services $993

• 17 · Travel

  total $1,643 · program services $1,643

• 24a · Other expenses: DIRECT PROGRAM EXPENSES

  total $9,284,659 · program services $9,284,659

• 24b · Other expenses: GRANT EXPENSES

  total $965,032 · program services $965,032

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,825,671 · end of year $528,741

• 2 · Savings and temporary cash investments

  end of year $655,267

• 4 · Accounts receivable

  beginning of year $1,952,099 · end of year $2,509,108

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,488

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

  $3,492,946

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

  $3,492,946

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $7,257,054 · end of year $8,387,038

• 17 · Accounts payable and accrued expenses

  beginning of year $2,042,216 · end of year $3,044,956

• 19 · Deferred revenue

  beginning of year $75,000 · end of year $185,000

• 27 · Net assets without donor restrictions

  beginning of year $8,924,096 · end of year $8,850,198

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD RELIES ON AN INDEPENDENT, THIRD PARTY COMPENSATION CONSULTANT TO COLLECT COMPARABILITY DATA, ASSESS MARKET TRENDS AND MAKE RECOMMENDATIONS ON THE CEO'S COMPENSATION PACKAGE. THE SAMPLE OF COMPARABLE ORGANIZATIONS IS COMPOSED OF ORGANIZATIONS FROM WHICH GREENPATH, INC. MIGHT RECRUIT A FUTURE CEO OR WHICH MIGHT HAVE AN INTEREST IN TRYING TO RECRUIT GREENPATH, INC. CEO AND WHICH ADDITIONALLY ARE LOCATED IN LABOR MARKETS WHERE GREENPATH, INC. HAS SIGNIFICANT PRESENCE. SPECIFIC DEGREE OF COMPARABILITY IS BASED ON A) GROSS RECEIPTS AND B) TOTAL ASSETS. THE BOARD APPROVAL OF THE PRESIDENT/CEO'S COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES.

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.