2022-02-28T17:42:47-08:00 2021-06-30 Crosby & Kaneda CPAs LLP 1970 Broadway STE 930 Oakland CA 94612 990 2020-07-01 943098928 MyPath MYPA 4152060846 2430 Mission St San Francisco CA 94110 Margaret Libby Founder & CEO 2022-02-28 true Margaret Libby 999009999 Felix Gorrindo P01658413 5108352727 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Margaret Libby 2430 Mission St San Francisco CA 94110 1805006 false X www.mypathus.org X 1989 CA MyPath engages low-income young people in banking, saving and credit-building to improve their access to college, jobs, housing and affordable loans. Ultimately, we teach them how to use financial products and goal-setting to achieve upward mobility and their potential. 3 3 24 25 0 3668857 1749803 24266 44507 17375 5052 5644 3710498 1805006 32348 30674 0 1853162 1924932 17640 33455 154245 604132 447264 2507282 2436325 1203216 -631319 3131083 2504971 456628 461835 2674455 2043136 MyPath positions low-income youth to take control of their finances and achieve economic mobility. false false 1957793 30674 44507 MyPath made significant strides to transform systems and policies to create new economic inclusion pathways for youth and young adults living in low-income communities. Recognizing that low-income BIPOC youth experience deeply entrenched racial and economic barriers to financial advancement, MyPath's innovations support them to exit the cycle of poverty and achieve upward economic mobility. We are best known for partnering with workforce development organizations to integrate financial education and banking into employment programs as youth enter the world of work. In Fiscal Year 2020-21, our models supported more than 2,600 low-income working youth to embark on this path. At a time when low-income BIPOC youth are particularly vulnerable to economic fallout from the COVID-19 pandemic, MyPath has made great progress in launching new innovations and advancements in the youth financial capability field. In the past year, we completed the development of our Youth Financial Mentor framework, the first of its kind to incorporate youth development and trauma-informed practices in preparing financial coaches to work with youth adults, and integrated this model into two youth guaranteed income pilots with the County of Santa Clara Social Services Agency and San Francisco Mayor's Office Opportunities for All initiative. We advanced the development of MyPath NEXT, a dynamic next generation fintech platform that will serve as a financial capability hub for youth participants, alumni, and staff at our partnering organizations. We also advanced our new Wealth Equity Lab, the first of its kind youth financial capability design and innovation hub, by taking steps to cultivate a growing ecosystem of more than 300 consultants and volunteers to work alongside MyPath staff and youth leaders to develop innovations that create wealth-building pathways for BIPOC youth. 1957793 true true false true false false false false false false true false false false true true true false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false true 25 0 true 24 true false false false false false false false 0 false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true true false CA X X Margaret Libby 4152060846 2430 Mission St Ste 602 San Francisco CA 94110 Margaret Libby Founder & CEO 40.00 0.00 X 152410 0 12627 Claudia Stillwell CFO 40.00 0.00 X 116715 0 16673 Mounir Tyler COO 40.00 0.00 127758 0 2652 Noelle Hylton CTO 40.00 0.00 116070 0 2400 Leslie Chard President 1.00 0.00 X X 0 0 0 Rohit Gera Treasurer 1.00 0.00 X X 0 0 0 Michelle Jun Secretary 1.00 0.00 X X 0 0 0 512953 34352 4 false true false 0 540362 1209441 1749803 Program Service Fees 900099 44507 44507 44507 5052 5052 0 0 0 0 0 0 0 Other income 900099 5644 5644 5644 1805006 44507 10696 0 30674 30674 0 0 308910 142878 130157 35875 0 1376467 1214037 104807 57623 25138 22822 1410 906 87905 83461 1137 3307 126512 100597 18632 7283 0 4136 4136 7550 7550 0 33455 33455 0 223079 196377 23333 3369 944 825 92 27 61567 51251 7699 2617 60938 49378 8531 3029 0 65115 48351 12537 4227 0 0 8969 5216 1981 1772 0 0 4976 3931 796 249 9990 7995 1489 506 0 2436325 1957793 324287 154245 270600 197389 2500485 2187227 274000 40000 23662 31361 0 0 0 0 41987 38832 28890 18728 20349 10162 0 0 0 0 0 3131083 2504971 435065 243744 21563 218091 456628 461835 X 571840 621717 2102615 1421419 2674455 2043136 3131083 2504971 -631319 X false true X true false X 1744443 2542824 1914859 3668857 1749803 11620786 0 0 1744443 2542824 1914859 3668857 1749803 11620786 5974677 5646109 4046 9793 23166 17375 5052 59432 0 2700 5644 8344 11688562 181748 0.48300 0.48130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 2596325 2596325 279816 69954 false 275364 279816 555180 832770 2154 2154 68841 69954 138795 208193 1101 1101 28890 18728 10162 10162 PPP Loan - unrecognized amount 218091 218091 X 1858488 53482 53482 1805006 1805006 2489807 53482 53482 2436325 2436325 Part X : FIN48 Footnote The Internal Revenue Service and the California Franchise Tax Board have determined that the Organization is exempt from federal and state income taxes under IRC 501(c)(3) and California RTC 23701(d). The Organization has evaluated its current tax positions as of June 30, 2021 and is not aware of any significant uncertain tax positions for which a reserve would be necessary. The Organizations tax returns are generally subject to examination by federal and state taxing authorities for three and four years, respectively, after they are filed. X X true Christine Comella 5357 Hillen Dr Oakland CA 94619 Grantwriting false 22530 Beth Ward 21 Sylvan Ln Northampton MA 01062 Grantwriting false 10925 33455 CA true 0 0 Youth incentives 63 30674 Grantmaker's Description of How Grants are Used The organization provided small stipends and incentives to its interns, volunteers and participants in recognition of their assistance and participation in its financial capacity programs. X X X X X false false false false false false false false false Margaret Libby Founder & CEO 152410 3070 9557 165037 Form 990, Part VI, Line 11b: Form 990 Review Process The CEO and the Treasurer review the 990 draft and provide the whole Board of Directors with a recommendation, and a copy of the final 990 to be submitted to the IRS, prior to the Board vote to approve the 990. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Board of Directors annually sign a conflict of interest policy form to determine whether any conflicts have arisen. In addition, the Board discusses potential conflicts of interest when city contracts are being reviewed and approved. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board of Directors reviewed the most recent Nonprofit Compensation Survey Report and 990s from peer organizations in our field before determining CEO compensation. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Directors reviewed the most recent Nonprofit Compensation Survey Report and 990s from peer organizations in our field before determining officer's or key employee's compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Upon request.