Passageways Institute Inc Dba Passageworks Institute

Nonprofit profile at a glance

EIN
481278766
IRS 990-EZ coverage
2022–2022
Forms available
Form 990 2021, Form 990-EZ 2022
Location
Boulder, CO, USA
Phone
3038845605
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Delinquency Prevention

Official website

Reported finances

Revenue
$51,723
Expenses
$101,563
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • Victoria Keziah (Director)
  • Ari Gerzon-Kessler (Director)
  • Melody Suitts Conway (Co-Chairman)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

PassageWorks Institute provides K-12 educators and families with innovative practices and principles that integrate social, emotional, and academic learning, promote mindfulness, and create safe, meaningful, and inclusive classrooms.

What it reported doing in 2022

PassageWorks Institute creates impact in 3 ways: 1) Whole-School Transformative Learning -- multi-year school projects collaborating with educators, students, & families to create culturally responsive learning communities, 2) Creating Collective Impact with Community Partners -- to create long-term change in schools & communities, 3) Changing the National/Regional Conversation about the Future of Education to a learner-centered vision. On March 10, 2022, after months of deliberation the PassageWorks board of directors resolved that PassageWorks should dissolve as a Colorado corporation and terminate as 501(c)(3). In 2022, a greatly reduced number of Passageworks staff & faculty facilitated a small number of courses and workshops for educators, school leaders, & families. PWI also continued to offer a small number of online introductory mindfulness programs in Colorado.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 6
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 51.6%; rating input score 52

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -96.4%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 19.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3.9% per year; rating input score 0; 42nd percentile among comparable filings
  • Asset growth: -15.8% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 51.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $52K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.