Friends Of The Gateway School Inc
- Assets
- $0.0
- Revenue
- $194.0k
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 03/1983
- Data as of
- 06/2021
- EIN
- 13-3122312
Organization Overview
Friends Of The Gateway School Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Friends Of The Gateway School Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Gateway School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Friends Of The Gateway School Inc generated $194.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $404.5k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE GATEWAY SCHOOLS RAISES FUNDS TO SUPPORT THE GATEWAY SCHOOL OF NEW YORK, THE GATEWAY MIDDLE SCHOOL AND GSNY PROPERTIES, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE GATEWAY SCHOOLS MAKES GRANTS TO THE GATEWAY SCHOOL OF NEW YORK TO ENSURE THE SCHOOL CONTINUES TO OFFER AND DEVELOP ITS UNIQUE EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Cherney Director Of Institutional Advancement | 40 | $189,437 | |
Kieran Claffey Treasurer | OfficerTrustee | 1 | $0 |
Jodi J Schwartz Chair | OfficerTrustee | 1 | $0 |
Benson Kutrieb Secretary | OfficerTrustee | 1 | $0 |
Laurie Gruhn Head Of School (start 7/1/20) | Officer | 3 | $0 |
Maureen Ryan Cfoo | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counselling Service Co Llc Fundraising Consulting Services | 6/29/17 | $147,000 |
Great Performances Catering For 2016 Gala | 6/29/17 | $105,782 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,423 |
| Total Program Service Revenue | $0 |
| Investment income | $1,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,800 |
| Pension plan accruals and contributions | $7,503 |
| Other employee benefits | $21,768 |
| Payroll taxes | $17,737 |
| Fees for services: Management | $70,705 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,956 |
| Advertising and promotion | $1,505 |
| Office expenses | $2,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,268 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $982 |
| All other expenses | $39,381 |
| Total functional expenses | $404,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Friends Of The Gateway School Inc has awarded $7,810,620 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: FOR THE RENOVATION PROJECT | $3,700,000 |
New York, NY PURPOSE: FOR THE RENOVATION PROJECT | $3,700,000 |
New York, NY PURPOSE: FOR CAPITAL PROJECTS INVOICES AND OPERATIONS | $205,310 |
New York, NY PURPOSE: FOR CAPITAL PROJECTS INVOICES AND OPERATIONS | $205,310 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Friends Of The Gateway School Inc has recieved totaling $317,790.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $150,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $65,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $33,777 |
Every Org San Francisco, CA PURPOSE: ONLINE SUPPORT FOR CHARITABLE PURPOSES | $21,916 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $724,891 |
| Earnings | $153 |
| Other Expense | $725,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Forrestal Agricultural Corporation Princeton, NJ | $368,119,233 | $43,096,782 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
University Of Vermont And State Agricultural College Foundation Burlington, VT | $307,895,720 | $102,950,116 |