New Pathways For Children Inc
- Assets
- $5.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 32
- Location
- Melber, KY
- Founding
- 05/1996
- Data as of
- 06/2023
- EIN
- 61-1297776
Organization Overview
New Pathways For Children Inc is located in Melber, KY. The organization was established in 1996. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 06/2023, New Pathways For Children Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Pathways For Children Inc 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 06/2023, New Pathways For Children Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 11.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S RESIDENTIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FOOD, CLOTHING, SHELTER, MEDICAL CARE, COUNSELING, AND SUPERVISION FOR AT-RISK CHILDREN AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky G Burse Executive Dir. | Officer | 40 | $108,150 |
Benjamin Clayton Director | Trustee | 1 | $0 |
Trent Fields Director | Trustee | 1 | $0 |
William B Hester Director | Trustee | 1 | $0 |
Jay Hite Director | OfficerTrustee | 2 | $0 |
Cara Lovell Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,586,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,686,155 |
| Total Program Service Revenue | $0 |
| Investment income | $7,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,551 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,774,154 |
| 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. | $108,150 |
| Compensation of current officers, directors, key employees. | $54,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $830,487 |
| Pension plan accruals and contributions | $13,524 |
| Other employee benefits | $58,392 |
| Payroll taxes | $73,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,837 |
| Office expenses | $24,901 |
| Information technology | $1,570 |
| Royalties | $0 |
| Occupancy | $126,739 |
| Travel | $56,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,257 |
| Insurance | $53,723 |
| All other expenses | $30,178 |
| Total functional expenses | $1,758,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,184 |
| Savings and temporary cash investments | $415,517 |
| Pledges and grants receivable | $112,600 |
| 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 | $6,290 |
| Net Land, buildings, and equipment | $3,164,027 |
| Investments—publicly traded securities | $130,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $820,253 |
| Total assets | $4,950,130 |
| Accounts payable and accrued expenses | $28,981 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $65,121 |
| Total liabilities | $94,102 |
| Net assets without donor restrictions | $1,496,083 |
| Net assets with donor restrictions | $3,359,945 |
| 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 | $4,950,130 |