Ophelia J Berry Fund Inc
- Assets
- $2.3m
- Revenue
- $584.1k
- Investments
- $0.0
- Employees
- 39
- Location
- Montclair, NJ
- Founding
- 08/2003
- Data as of
- 07/2023
- 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 07/2023, 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 07/2023, Pathways To College generated $584.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $1.8m during the year ending 07/2023. 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
2023
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
PATHWAYS TO COLLEGE IS CELEBRATING OUR 20TH ANNIVERSARY OF NURTURING OVERLOOKED STUDENTS OF COLOR TOWARD SUCCESS IN COLLEGE AND IN LIFE. PATHWAYS IS EXTREMELY PROUD THAT, CONTINUING A TREND THAT BEGAN WITH OUR FOUNDING AS AN INDEPENDENT NONPROFIT IN 2003, 100% OF OUR CLASS OF 2023 EARNED COLLEGE ACCEPTANCE DESPITE THEIR ENTIRE HIGH SCHOOL TENURE BEING AFFECTED BY THE PANDEMIC.DURING FY23, PATHWAYS BEGAN THE DEMONSTRATION PHASE OF OUR NEWEST PROGRAM, THE BLENDEDLEARNING NATIONAL SCHOLARS PROGRAM. SCHOLARS IN THREE SITES: GARY, IN; NEWARK, NJ; AND PINE BLUFF, AR, CAME TOGETHER TO LEARN FROM PATHWAYS' HIGHLY SUCCESSFUL, RESEARCHBASED HISTORIC CURRICULUM, BASED ON OUR TWENTYYEAR EMPHASIS ON SOCIAL AND EMOTIONAL LEARNING. IN ADDITION TO THE UNIQUE EXPERIENCE OF ENGAGING IN LEARNING WITH PEERS ACROSS GEOGRAPHIES, SCHOLARS EXPERIENCED OVERNIGHT TRIPS TO EXPLORE COLLEGES AND CULTURAL SITES IN CHICAGO, IL; MEMPHIS, TN; AND WASHINGTON, DC.EIGHTEEN SCHOLARS WERE SELECTED FOR EMPLOYMENT AS SCHOLAR AMBASSADORS THROUGH A PAID, WORKBASED LEARNING OPPORTUNITY WITH RESPONSIBILITIES FOR PROFESSIONAL LEARNING, PEER RECRUITMENT, MARKETING, AND OTHER AREAS OF LEADERSHIP.TEN SCHOLARS WERE NAMED AWARD WINNERS IN OUR ANNUALLY PUBLISHED LITERARY MAGAZINE, SCHOLAR VOICES. AN ADDITIONAL 19 SCHOLARS CONTRIBUTED ARTWORK OR WRITING IN THE GENRES OF ART, ESSAY, MEMOIR, PHOTOGRAPHY, AND POETRY (HTTPS://PATHWAYSTOCOLLEGE.ORG/SCHOLARVOICES/).OUR STAFF IDENTIFIED AND CAREFULLY PREPARED FOUR SCHOLARS TO COMPLETE A RIGOROUS APPLICATION FOR THE PRESTIGIOUS OPRAH WINFREY LEADERS SCHOLARSHIP, WHICH PROVIDES FULL FUNDING AND AN ONGOING MENTORING NETWORK. PATHWAYS WAS ONE OF JUST A FEW ORGANIZATIONS CHOSEN TO NOMINATE PROSPECTIVE APPLICANTS. ONE OF OUR SCHOLARS IS AMONG THE SCHOLARSHIP RECIPIENTS.PATHWAYS EXCEEDED OUR $2 MILLION OPRAH WINFREY CHARITABLE FOUNDATION MATCHING CHALLENGE GRANT, WHICH ENDED IN NOVEMBER 2022. FROM 2020 THROUGH 2022, GENEROUS DONATIONS TOWARD THE MATCH TOTALED MORE THAN $2,020,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred E Prettyman Chairman Berry Fund Board | OfficerTrustee | 0.5 | $0 |
Bj Harrison Waymer Treasurer Berry Fund Board /pathways Board | OfficerTrustee | 1.5 | $0 |
D Lorraine Johnson Secretary Berry Fund Board | OfficerTrustee | 0.5 | $0 |
Ebonee Lewis Board Member - Pathways | Trustee | 1 | $0 |
Edna M Arrington Brown Board Member - Berry Fund Board | Trustee | 0.5 | $0 |
Eric D Bailey Board Member - Pathways | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $517,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,383 |
| Total Program Service Revenue | $40,000 |
| Investment income | $26,721 |
| 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 | $584,104 |
| 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. | $316,811 |
| Compensation of current officers, directors, key employees. | $85,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $967,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $99,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,537 |
| Fees for services: Accounting | $29,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $121,970 |
| Advertising and promotion | $0 |
| Office expenses | $69,234 |
| Information technology | $24,025 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,078 |
| 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 | $12,875 |
| All other expenses | $0 |
| Total functional expenses | $1,759,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,419 |
| Savings and temporary cash investments | $2,138,186 |
| Pledges and grants receivable | $3,500 |
| 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 | $2,261,297 |
| Accounts payable and accrued expenses | $2,123 |
| 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 | $42,123 |
| Net assets without donor restrictions | $2,179,174 |
| Net assets with donor restrictions | $40,000 |
| 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 | $2,261,297 |