Gateway Wellness Foundation
- Assets
- $17.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Marion, NC
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-3395393
Organization Overview
Gateway Wellness Foundation is located in Marion, NC. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Gateway Wellness Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Wellness 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 12/2023, Gateway Wellness Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 21.2% per year over the past 9 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.
Since 2016, Gateway Wellness Foundation has awarded 85 individual grants totaling $3,567,190. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS CENTERED IN THE HEALTH AND WELLBEING OF OUR WESTERN NORTH CAROLINA COMMUNITY. THROUGH INTENTIONAL PARTNERSHIPS AND COLLABORATIONS, GATEWAY WELLNESS IMPROVES AND SUPPORTS QUALITY OF LIFE IN WNC BY PROMOTING WELLNESS OPPORTUNITIES AMONG ORGANIZATIONS FOR PEOPLE WE SERVE REGIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH INTENTIONAL PARTNERSHIPS AND COLLABORATIONS, GATEWAY WELLNESS FOUNDATION WORKS TO IMPROVE AND SUPPORT THE QUALITY OF LIFE IN WESTERN NORTH CAROLINA BY ADDRESSING THE SOCIAL DETERMINANTS OF HEALTH AND PROVIDING FUNDING TO NONPROFIT ORGANIZATIONS THAT SEEK SOLUTIONS TO HEALTH AND WELLNESS OBSTACLES FOR THE RESIDENTS OF WNC. FUNDING FOR 2023 WAS FOCUSED ON PROJECTS RELATED TO ACCESS TO HEALTHCARE, EARLY CHILDHOOD DEVELOPMENT, FOOD INSECURITY AND HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion Baker Member | Trustee | 1 | $0 |
Rebecca Cross Member | Trustee | 1 | $0 |
Hill Evans Member | Trustee | 1 | $0 |
Katrina Blumetti Member | Trustee | 1 | $0 |
Leon Godlock Member | Trustee | 1 | $0 |
Norman Guthrie Chairman | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,302,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,035 |
| Total Program Service Revenue | $0 |
| Investment income | $319,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,484 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,792,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $616,172 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,946 |
| Payroll taxes | $27,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $940 |
| Advertising and promotion | $1,300 |
| Office expenses | $5,931 |
| Information technology | $2,886 |
| Royalties | $0 |
| Occupancy | $5,792 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,174 |
| Insurance | $1,220 |
| All other expenses | $2,486 |
| Total functional expenses | $2,259,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $843,342 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $337,867 |
| 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 | $1,605 |
| Net Land, buildings, and equipment | $884,917 |
| Investments—publicly traded securities | $14,523,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $669,253 |
| Total assets | $17,260,932 |
| Accounts payable and accrued expenses | $230,586 |
| 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 | $336,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,480 |
| Total liabilities | $591,400 |
| Net assets without donor restrictions | $15,968,166 |
| Net assets with donor restrictions | $701,366 |
| 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 | $17,260,932 |
Grants Awarded
Over the last fiscal year, Gateway Wellness Foundation has awarded $722,250 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CARE REACH PURPOSE: PEER SUPPORT FOR SUBSTANCE USE DISORDER, ALSO COMMUNITY RESOURCE FAIRS | $352,350 |
RUTHERFORD COUNTY HABITIAT FOR HUMANITY PURPOSE: SPINDALE REVITIALIZATION PROJECT HOME REPAIRS | $20,000 |
ABOUNDING GRACE MINISTRIES PURPOSE: REHABILITATION AND ALSO AFTERSCHOOL PROGRAM | $11,000 |
ISOTHERMAL COMMUNITY COLLEGE PURPOSE: ADULT EDUCATION | $7,500 |
LIVE LIKE MEGAN FOUNDATION PURPOSE: KINSHIP SUPPORT PROGRAM | $10,000 |
MOSIAC HOPE LLC PURPOSE: PURCHASE AND RENOVATE MOSIAC HOUSE | $40,000 |