Gateway Ministries Inc
- Assets
- $348.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Owego, NY
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 22-2454307
Organization Overview
Gateway Ministries Inc is located in Owego, NY. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Ministries 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 12/2022, Gateway Ministries Inc generated $61.0k 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 (13.2%) each year. All expenses for the organization totaled $51.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE HOLD SEVERAL RELIGIOUS SERVICES A WEEK SERVING AROUND 100 CHILDREN AND ADULTS
Describe the Organization's Program Activity:
Part 3
PREACHING THE GOSPEL OF JESUS CHRIST THROUGH WEEKLY RELIGIOUS SERVICES, MUSIC MINISTRIES, CONFERENCES, AND MEETINGS HELD ON CHURCH PREMISES.
PREACHING THE GOSPEL OF JESUS CHRIST THROUGH RELIGIOUS SERVICES AND COUNSELING BY VISITING AND SUPPORTING MISSIONS.
PREACHING AND FOLLOWING THE GOSPEL OF JESUS CHRIST BY HELPING THE NEEDY, THE UNEMPLOYED, AND FIRE AND FLOOD VICTIMS THROUGH BENEVOLENCE FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward J Mcdonald President | 15 | $0 | |
John B Scanlon Vice-President | 15 | $2,600 | |
Denis Mccann Treasurer | 5 | $0 | |
Maureen Cox Secretary | 4 | $0 | |
Carol Squeglia Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,034 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,034 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,600 |
| Professional fees and other payments to independent contractors | $9,106 |
| Occupancy, rent, utilities, and maintenance | $35,075 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,952 |
| Total expenses | $51,733 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,823 |
| Other assets | $0 |
| Total assets | $348,514 |
| Total liabilities | $42,034 |
| Net assets or fund balances | $306,480 |