My Path
My Path
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About this organization
Mission
MyPath is a national nonprofit focused on paving economic pathways for low-income youth. ENGINEERING EFFECTIVE MODELS. We design, test and scale models to support cities, youth employment programs and financial institutions to build economic pathways for low-income youth. SHARING WHAT WORKS. Once proof of concept is established, MyPath shares our best practices and evidence-based models through training and technical assistance to support the adoption of our models. ADVANCING POLICY CHANGE. MyPath engages youth and other stakeholders to push for policy and systems-level changes that will improve pathways for low-income youth.
About
MyPath made significant strides in building a youth financial capability ecosystem that supports youth and young adults from low-wealth communities to gain access to safe banking and asset-building tools and knowledge. With a presence in 17 cities and partnerships with over 75 youth-serving organizations, MyPath reached over 6,500 youth and young adults in the last year. Youth participating in MyPath's early youth financial capability interventions have committed to save $3.54 million in the last year. Using extensive data collected through the innovative MyPath Money platform, MyPath published a series of publications to share insights around youth financial decision-making. MyPath also launched a longitudinal evaluation of the MyPath Credit pilot to illuminate how young adults tap into their financial capability as they transition to adulthood. MyPath is leading the field in developing a youth financial mentor training framework, a new financial coaching approach that centers youth financial experience and needs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “Mypath positions low-income youth to take control of their finances and achieve economic mobility.”.
When discussing its operations, they were defined as: “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.”.
- The state where the non-profit operates has been legally reported as CA.
- The filing indicates that the non-profit's address in 2020 is located at 1663 Mission St Ste 602, San Francisco, CA, 94103.
- The non-profit has reported 23 employees on their form as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$563,523.
- The CEO's remuneration policy within the organization is established through an impartial review and endorsement process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization was formed in 1989.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $1,572,538 in salary, compensation, and benefits to its employees.
- The organization pays $115,030 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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