Iron Gate Inc
- Assets
- $11.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Tulsa, OK
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-3164551
Organization Overview
Iron Gate Inc is located in Tulsa, OK. The organization was established in 2005. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Iron Gate Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iron Gate 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 12/2021, Iron Gate Inc generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. 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
FEEDING THE HUNGRY AND HOMELESS OF TULSA EVERYDAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY MEALSTHE DAILY SOUP KITCHEN SERVES A NUTRITIOUS, HOME-COOKED MEAL EVERY DAY OF THE YEAR FROM 8:30 AM TO 10:30 AM.
GROCERY PANTRYOUR GROCERY PANTRY IS OPEN ON WEDNESDAY AND FRIDAY FROM 12:00 P.M. - 1 P.M. AND SATURDAYS FROM 11 A.M. - 12:00 P.M. THE GROCERY PANTRY PROVIDES A SELF-SERVE GROCERY BAG OF BASICS AND FRESH PRODUCE WITH NO REQUIRED DOCUMENTATION. GUESTS CAN GET GROCERY ASSISTANCE FROM OUR PANTRY ONCE A MONTH. IN 2021, IRON GATE PROVIDED 30,108 HOUSEHOLDS WITH GROCERIES, BENEFITING 71,891 PEOPLE. WE DISTRIBUTED MORE THAN 500 BAGS OF GROCERIES A WEEK.
KIDS PANTRYTHE KIDS PANTRY DISTRIBUTES A ZIPLOC BAG OF KID-FRIENDLY, HEALTHY SNACKS TO EVERY YOUTH SERVED BY IRON GATE, EITHER THROUGH THE GROCERY PANTRY OR SOUP KITCHEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Vesely Henderson Executive Director | Officer | 45 | $101,680 |
Tom Maxwell Board Chair & President | OfficerTrustee | 6 | $0 |
Paige Shelton Vice Chair | OfficerTrustee | 4 | $0 |
Robert Curfman Treasurer | OfficerTrustee | 3 | $0 |
Kaysi Moore Secretary | OfficerTrustee | 5 | $0 |
Josh Roby Development | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flintco Llc Construction | 12/30/18 | $857,239 |
Gh2 Architects Architectural Design | 12/30/18 | $293,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $206,266 |
| Related organizations | $0 |
| Government grants | $744,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,317,741 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,268,946 |
| Total Program Service Revenue | $296,546 |
| Investment income | $50,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $47,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,664,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $101,680 |
| Compensation of current officers, directors, key employees. | $12,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $126,512 |
| Payroll taxes | $63,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $191,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,534 |
| Travel | $30,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344,062 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,043,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,654,265 |
| Savings and temporary cash investments | $3,964,701 |
| 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 | $5,524,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,411 |
| Total assets | $11,231,140 |
| Accounts payable and accrued expenses | $6,561 |
| 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 | $6,561 |
| Net assets without donor restrictions | $11,224,579 |
| 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 | $11,231,140 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iron Gate Inc has recieved totaling $1,250.
| Awarding Organization | Amount |
|---|---|
Moran Family Foundation Tulsa, OK PURPOSE: GENERAL FUND | $1,000 |
Forbes Foundation Tulsa, OK PURPOSE: FEED THE NEEDY IN TULSA | $250 |
Endowment Analysis
| Beg. Balance | $74,917 |
| Earnings | $12,494 |
| Ending Balance | $87,411 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tenfold Bpo Colorado Springs, CO | $1,512,725 | $2,416,907 |
Iron Gate Inc Tulsa, OK | $11,231,140 | $2,664,818 |
Missions Resource Network Bedford, TX | $4,580,881 | $2,063,631 |
Schusterman Initiatives Inc Tulsa, OK | $1,811,845 | $3,942 |
Texas Christian Educational Foundation Inc Houston, TX | $3,507,628 | $1,666,291 |
Disciplenations Inc El Dorado, KS | $293,251 | $1,121,028 |
Young Catholic Professionals Dallas, TX | $810,022 | $1,118,843 |
Field Life Tomball, TX | $182,533 | $465,820 |
Christ Embassy Lewisville, TX | $113,474 | $528,118 |
Gaston Christian Center Dallas, TX | $4,871,470 | $697,659 |
Living Waters Christian Canoe Camp And Retreat Center Inc Overland Park, KS | $976,985 | $575,771 |
New Beginnings Title Holding Company Brenham, TX | $0 | $89,146 |