Gate 1 Foundation
- Assets
- $1.3k
- Revenue
- $2.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Washington, PA
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-1058205
Organization Overview
Gate 1 Foundation is located in Fort Washington, PA. The organization was established in 2015. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gate 1 Foundation 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, Gate 1 Foundation generated $2.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (53.4%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (53.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gate 1 Foundation has awarded 20 individual grants totaling $451,321. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PRIMARY SCHOOLS IN DEVELOPING COUNTRIES VIA THE PURCHASE OF CLASSROOM SUPPLIES, FURNISHING CLASSROOMS AND RENOVATING BUILDINGS TO MAKE SUITABLE LEARNING ENVIRONMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dani Pipano President | 1 | $0 | |
Robin Dean Secretary | 1 | $0 | |
Jason Mccrane Treasurer | 1 | $0 | |
Urs Andrey International Representati | 1 | $0 | |
Linda Dean Educational Advisory | 1 | $0 | |
Aharoni Zisling Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,750 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,750 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,294 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,294 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gate 1 Foundation has awarded $65,705 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAFARI SCHOOL PURPOSE: DINING HALL CONSTRUCTION | $33,205 |
SHREE PANAUTIBASIC SCHOOL PURPOSE: SCHOOL CONSTRUCTION | $32,500 |