Overview
What is A New Path Foundation Inc?
A New Path Foundation Inc, located in Sherman Oaks, California, is a nonprofit organization committed to offering assistance to individuals in need. Their primary objective involves providing financial aid for scholarships, treatments, and various support services. In 2022, they extended their services to assist 9 individuals, covering areas such as housing, therapy, and transportation. The foundation operates with a mission to uplift and empower those in need, demonstrating a strong dedication to community welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
A New Path Foundation Inc has received a Three-Star rating from Charity Navigator, with an overall score of 77%. This rating is derived entirely from its Accountability & Finance metrics, which indicates a strong focus on responsible financial practices. The foundation has successfully maintained a high level of independent governance, with a fully independent board and no material diversion of assets.
Strengths highlighted in the evaluation include the foundation's excellent program expense ratio of 78.47%, demonstrating that a significant portion of its expenditures goes directly to its programs. Additionally, the organization has robust policies in place regarding conflict of interest, contributing to its credibility and trustworthiness. However, there are areas for improvement, particularly in the absence of a whistleblower policy and missing documentation related to board meeting minutes.
Overall, while A New Path Foundation Inc demonstrates a solid commitment to accountability and financial responsibility, enhancing transparency in governance practices could further strengthen its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is A New Path Foundation Inc legitimate?
A New Path Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A New Path Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of A New Path Foundation Inc?
A New Path Foundation Inc's mission is centered around providing financial assistance for scholarships, treatments, and various support services to individuals in need. The organization works diligently to fulfill this mission, as demonstrated by their ability to aid 9 individuals in 2022, offering assistance with housing, therapy, and transportation. By providing these essential resources, A New Path Foundation Inc aims to make a significant impact on the lives of those who require it.
Who is the CEO of A New Path Foundation Inc?
Aaron Postil is the Presidentdirector of A New Path Foundation Inc.
What is the revenue of A New Path Foundation Inc?
A New Path Foundation Inc's revenue in 2022 was $65,589.
Who are the executives of A New Path Foundation Inc and what are their salaries?
There 25 volunteers at A New Path Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for A New Path Foundation Inc?
A New Path Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of A New Path Foundation Inc
A New Path Foundation Inc, as per its mission statement, is dedicated to providing financial aid for scholarships, medical treatments, and various other support services to individuals who are in need. The organization's primary goal is to alleviate the financial burdens of these individuals, enabling them to access essential services that they might otherwise be unable to afford. In 2022, the foundation successfully offered its services to nine beneficiaries, providing assistance with housing, therapy, and transportation. Through its initiatives, A New Path Foundation Inc strives to make a significant impact on the lives of those in need, offering them a path towards improved well-being and opportunities for personal growth.
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Impact
August, 2024
A New Path Foundation Inc has made a meaningful impact in 2022 by providing services to 9 individuals in need, including assistance with housing, therapy, and transportation. Through their scholarships, treatments, and support services, they have effectively supported their mission of helping those in need in Sherman Oaks, CA. Their dedication to education and welfare is evident in the tangible difference they are making in the lives of individuals in their community.
This information is meant to be a general summary of A New Path Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $169,510
Assets and Liabilities:
- Total Assets: $50,582
- Total Liabilities: $0
- Net Assets: $50,582
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Organization Details
Founding Year
2017
Phone
(800) 464-3529Principal Officer
Aaron Postil
Main Address
15030 Ventura Blvd Ste 366, Sherman Oaks, CA, 91403
NTEE Category
Code: B82 - Education
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