Pathway Initiative Inc
- Assets
- $93.8k
- Revenue
- $324.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2950396
Organization Overview
Pathway Initiative Inc is located in Boston, MA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathway Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE AIM TO INCREASE ACCESS FOR TALENTED AND MOTIVATED AFRICAN AMERICAN, HISPANIC AND LATINO STUDENTS TO ACHIEVE THEIR CAREER POTENTIAL IN MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF BOSTON IMMIGRANT ADVANCE MERIT - 12/28/2023 - 114,407, CITY OF BOSTON IMMIGRANT ADVANCE MERIT - 9/13/2023 - 6,825, CITY OF BOSTON SUCCESSLINK PROGRAM - 8/16/2023 - 24,195, CITY OF BOSTON SUCCESSLINK PROGRAM - 8/2/2023 - 55,980, BOSTON AFTER SCHOOL AND BEYOND - 6/15/2023 - 10,000, PFIZER - 5/17/2023 - 100,000, CITY OF BOSTON IMMIGRANT ADVANCE MERIT 5/8/2023 - 1,500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Mensah CEO | Trustee | 20 | $0 |
Dr Kelley Gurley Board Chair | Trustee | 5 | $0 |
Beth Schaefer General Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,571 |
| Related organizations | $0 |
| Government grants | $212,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,478 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $324,478 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,705 |
| Advertising and promotion | $1,149 |
| Office expenses | $6,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,250 |
| Travel | $0 |
| 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 | $595 |
| All other expenses | $0 |
| Total functional expenses | $230,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $93,817 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $93,817 |
| 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 | $93,817 |
Grants Awarded
Over the last fiscal year, Pathway Initiative Inc has awarded $312,907 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BOSTON IMMIGRANT ADVANCEMENT PURPOSE: TEACHING | $122,732 |
CITY OF BOSTON SUCCESSLINK | | | $80,175 |
BOSTON AFTER SCHOOL AND BEYOND | | | $10,000 |
PFIZER | | | $100,000 |