Mv Gate Inc
- Assets
- $25.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mill Valley, CA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-1269141
Organization Overview
Mv Gate Inc is located in Mill Valley, CA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mv 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 12/2022, Mv Gate Inc generated $155.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $159.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 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
MVGATE INC IS AN EDUCATIONAL NONPROFIT THAT HELPS PARENTS AND COMMUNITIES IN MILL VALLEY AND NEARBY NEIGHBORHOODS PROVIDE ADVANCED LEARNING OPPORTUNITIES TO CHILDREN WHO DESIRE AND NEED MORE EDUCATIONAL CHALLENGES THAN TRADITIONAL SCHOOLING PROVIDES.
Describe the Organization's Program Activity:
Part 3
IN 2021 MVGATE'S NEWER PROGRAM CS IS ELEMENTARY FORMERLY FAMILY CODE NIGHT CONTINUED TO EXTEND ITS NATIONAL REACH AND IMPACT ADDING PUERTO RICO. CSIE HELPS SCHOOLS OFFER THEIR OWN FAMILY CODE NIGHTS AND RELATED K-8 COMPUTER SCIENCE LEARNING PROGRAMS. IT HAS BEEN FEATURED ON THE FRONT PAGE OF THE SUNDAY NEW YORK TIMES ON THE WHITE HOUSE WEBSITE AND AT THE 2016 WHITE HOUSE COMPUTER SCIENCE FOR ALL SUMMIT. THE PROGRAM CAN BE RUN BY ANY SCHOOL WITH NO SPECIAL RESOURCES OR TRAINING AND AT VIRTUALLY NO EXPENSE TO THE SCHOOL USING A CSIE EVENT KIT CREATED AND PROVIDED FOR FREE BY MVGATE OR AS A LIVESTREAM EXPERIENCE OFFERED TO MANY SCHOOLS AND FAMILIES AT ONCE. THOUSANDS OF EVENT KITS HAVE BEEN DISTRIBUTED TO PRINCIPALS PARENTS AND EDUCATORS AND THOUSANDS OF FAMILY CODE NIGHTS HAVE BEEN HELD FOR TENS OF THOUSANDS OF PARTICIPANTS. DURING 2021 CSIE CONTINUED AN EFFECTIVE STATEWIDE SCHOOL-RECRUITMENT MODEL WITH PLANS TO PARTNER WITH SCHOOLS DISTRICTS AND SCORES OF STATES NATIONWIDE.
2021 WAS A CHALLENGING YEAR FOR MVGATE-CORE. ITS TRADITIONAL IN-PERSON LOCAL EDUCATIONAL ACTIVITIES BOTH IN-SCHOOL AND OUT-OF-SCHOOL WERE ABRUPTLY ENDED IN MARCH 2020 BY CALIFORNIA'S COVID-19 STATE OF EMERGENCY AND LOCKDOWN. ALL KEY PARTNERS ALSO SUSPENDED IN-PERSON OPERATIONS. SOME EDUCATIONAL ACTIVITIES DID NOT RESTART; OTHERS MOVED ONLINE. IN TWO CASES THE MOVE ONLINE ALLOWED CORE TO EXPAND: ITS ADVANCED COMPUTER SCIENCE SUMMER PROGRAM SERVING MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS ADDED A WEEK-LONG INTENSIVE PROGRAMMING CLASS; AND ITS ADVANCED MATH PROGRAM ADDED MARIN'S ONLY OPEN SESSION OF THE AMERICAN MATHEMATICS COMPETITION FOR HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pearce Director | 60 | $48,000 | |
Jeff Leane Director | 40 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $350 |
| Total Program Service Revenue | $154,394 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $305 |
| Total Revenue | $155,049 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,000 |
| Professional fees and other payments to independent contractors | $66,185 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,189 |
| Other expenses | $35,537 |
| Total expenses | $159,911 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,591 |
| Other assets | $0 |
| Total assets | $25,591 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,591 |