Ophelia J Berry Fund Inc
- Assets
- $3.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Montclair, NJ
- Founding
- 08/2003
- Data as of
- 07/2022
- EIN
- 26-0060754
Organization Overview
Ophelia J Berry Fund Inc, operating under the name Pathways To College, is located in Montclair, NJ. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2022, Pathways To College employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathways To College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Pathways To College generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.6m during the year ending 07/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COUNSELING SERVICE TO HIGH SCHOOL STUDENTS OF COLOR THAT WISH TO ATTEND COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOST OF PATHWAY'S WORK TAKES PLACE AFTER SCHOOL HOURS DURING CLASS SESSIONS TAUGHT BY CAREFULLY CHOSEN TEACHERS FROM EACH PARTICIPATING SCHOOL. IN ADDITION, SINCE ITS INCEPTION, PATHWAYS HAS OPERATED A DISTANCE-LEARNING PROGRAM THAT HAS ATTRACTED PARTICIPANTS FROM 27 STATES. 100% OF GRADUATING SENIORS EARNED COLLEGE ACCEPTANCE, CONTINUING OUR TRACK RECORD SINCE 2003, AND DESPITE THE DISRUPTIONS OF THE PANDEMIC.LAUNCHED OUR SCHOLAR AMBASSADORS PROGRAM, THROUGH WHICH SCHOLARS AT EACH SITE CONTRIBUTE TO STUDENT RECRUITMENT AND OTHER LEADERSHIP EFFORTS.BEGAN THE FORMATION OF AN ALUMNI ORGANIZTION FOR MENTORING AND GIVING POTENTIAL, WITH THE LEADERSHIP OF TWO PATHWAYS TO COLLEGE ALUMNI.HIRED A PATHWAYS TO COLLEGE GRADUATE, WITH BA AND MA DEGREES AND NATIVE KNOWLEDGE OF THE AREA, AS A FULL-TIME REGIONAL PROGRAM MANAGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith B Griffin Pres- Pathways/berry Board | Officer | 40 | $214,707 |
Charles K Gleason Coo-Pathways | Officer | 40 | $157,241 |
Alfred E Prettyman Chairman - Berry Fund Board | OfficerTrustee | 0.8 | $0 |
Timothy Koller Chairman - Pathways Board | OfficerTrustee | 1.5 | $0 |
Bj Harrison Waymer Treasurer - Berry Fund Board | OfficerTrustee | 0.8 | $0 |
D Lorraine Johnson Secretary - Berry Fund Board | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,321,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,498,460 |
| Total Program Service Revenue | $700,000 |
| Investment income | $2,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,201,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,433 |
| Compensation of current officers, directors, key employees. | $53,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $94,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,030 |
| Advertising and promotion | $0 |
| Office expenses | $69,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,117 |
| All other expenses | $0 |
| Total functional expenses | $1,627,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,764 |
| Savings and temporary cash investments | $2,220,948 |
| Pledges and grants receivable | $1,118,311 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,192 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,439,215 |
| Accounts payable and accrued expenses | $4,574 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,574 |
| Net assets without donor restrictions | $3,349,641 |
| Net assets with donor restrictions | $45,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,439,215 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ophelia J Berry Fund Inc has recieved totaling $86,941.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $34,691 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $25,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $15,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $12,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
James Annenberg La Vea Charitable Foundation Philadelphia, PA | $176,224,277 | $5,500,392 |
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |