New Gateways
- Assets
- $3.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Waterford, MI
- Founding
- 11/2005
- Data as of
- 09/2023
- EIN
- 35-2245430
Organization Overview
New Gateways is located in Waterford, MI. The organization was established in 2005. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2023, New Gateways employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Gateways 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 09/2023, New Gateways generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.9m during the year ending 09/2023. While expenses have increased by 7.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST ADULTS WITH DEVELOP- MENTAL DISABILITIES TO FEEL SAFE, INTERDEPENDENT AND INCLUDED IN THE COMMUNITY WHILE SUPPORTING THEM IN MAKING SAFE HEALTHY CHOICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS COMMUNITY PROGRAM HAS PROVIDED INSTRUCTION AND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Rebh President | OfficerTrustee | 1 | $0 |
Randall Meono Vice President | OfficerTrustee | 1 | $0 |
Zack Cardinell Secretary | OfficerTrustee | 1 | $0 |
C Dean-Ogene Director | Trustee | 1 | $0 |
Rosemary Rangi Director | Trustee | 1 | $0 |
G Provencal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,820,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,636 |
| Noncash contributions included in lines 1a–1f | $1,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,954,235 |
| Total Program Service Revenue | $22,033 |
| Investment income | $3,059 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,080 |
| Net Income from Fundraising Events | -$563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,027,303 |
| 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. | $98,264 |
| Compensation of current officers, directors, key employees. | $98,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,423 |
| Pension plan accruals and contributions | $44,910 |
| Other employee benefits | $99,619 |
| Payroll taxes | $28,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,914 |
| Advertising and promotion | $0 |
| Office expenses | $34,200 |
| Information technology | $41,637 |
| Royalties | $0 |
| Occupancy | $274,544 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,608 |
| Insurance | $60,346 |
| All other expenses | $0 |
| Total functional expenses | $2,894,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,435 |
| Savings and temporary cash investments | $695,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,854 |
| 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 | $62,770 |
| Net Land, buildings, and equipment | $298,272 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,466,534 |
| Other assets | $0 |
| Total assets | $3,086,016 |
| Accounts payable and accrued expenses | $96,453 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,446,689 |
| Total liabilities | $1,693,142 |
| Net assets without donor restrictions | $1,392,874 |
| 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 | $3,086,016 |