Overview
What is Pathway Capital Funding Inc?
Pathway Capital Funding Inc is a community-focused financial institution situated in Riviera Beach, Florida. Committed to supporting minorities and women, this organization offers a well-established loan program. The primary objective of Pathway Capital Funding is to extend access to essential financial resources, including capital, training, and technical assistance, to small businesses in Palm Beach County. By providing these services, the company aims to help minority and women-owned enterprises overcome financial hurdles and thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Pathway Capital Funding Inc has received an overall rating of 85%, reflecting strong performance in accountability and finance. The organization has achieved a perfect score in several key areas, including having a fully independent board and no material diversion of assets. These factors contribute positively to their rating, indicating a commitment to transparency and sound financial practices.
The nonprofit demonstrates a robust accountability framework, with documented policies for conflict of interest, whistleblower protection, and document retention, all of which are critical for maintaining organizational integrity. Furthermore, they have a high program expense ratio of 85.11%, suggesting that the majority of their funds are directed towards their mission-related activities.
While the financial management appears solid, the information about executive salaries indicates modest compensation for key personnel, which may reflect a dedication to resource allocation for programmatic efforts. Overall, Pathway Capital Funding Inc presents itself as a responsible and transparent organization committed to its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Pathway Capital Funding Inc legitimate?
Pathway Capital Funding Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pathway Capital Funding 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: $54,418
For more financial information, click here
What is the mission statement of Pathway Capital Funding Inc?
Pathway Capital Funding Inc's mission is centered around providing support to small businesses, specifically those owned by minorities and women. This community-focused lender offers a comprehensive loan program, which includes not just financial assistance, but also training and technical guidance. The aim is to empower these businesses by providing them with the necessary capital they require to thrive. The organization's activities are geared towards helping these small businesses in their operations and growth.
Who is the CEO of Pathway Capital Funding Inc?
Marlon White is the Chairman of Pathway Capital Funding Inc.
What is the revenue of Pathway Capital Funding Inc?
Pathway Capital Funding Inc's revenue in 2022 was $481,402.
Who are the executives of Pathway Capital Funding Inc and what are their salaries?
The average compensation at Pathway Capital Funding Inc during 2022 was $18,139. There are 3 employees and 5 volunteers at Pathway Capital Funding Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Pathway Capital Funding Inc?
Pathway Capital Funding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pathway Capital Funding Inc
Pathway Capital Funding Inc, as a community-focused lender, is committed to its mission of providing business loans and services to small businesses, particularly those owned by women and minorities. This mission is centered around offering access to essential capital, training, and technical assistance to these entrepreneurs, aiming to empower them in Palm Beach County. By providing these resources, Pathway Capital Funding Inc aims to support the growth and success of these small businesses, contributing to the overall economic development of the community.
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Impact
July, 2024
Pathway Capital Funding Inc's impact is evident through its dedicated efforts to empower minority and women-owned businesses by providing them with access to much-needed capital, training, and technical assistance. By operating as a community-based lender with an established loan program, Pathway Capital Funding plays a crucial role in supporting small businesses in Palm Beach County. Through their programs, they assist small business owners in securing the financial resources necessary for their growth and success. Overall, Pathway Capital Funding's focus on community improvement and its mission to provide business loans and services contribute significantly to the economic vitality and sustainability of the local business ecosystem.
This information is meant to be a general summary of Pathway Capital Funding 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.
- Investment Income: $166
- Gross Receipts: $481,402
Assets and Liabilities:
- Total Assets: $1,188,574
- Total Liabilities: $602,427
- Net Assets: $586,147
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Organization Details
Founding Year
2020
Phone
(561) 845-8055Principal Officer
Marlon White
Main Address
2001 BROADWAY AVENUE, RIVIERA BEACH, FL, 33404
NTEE Category
Code: S31 - Community improvement
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