Gateway Second Chance Foundation
- Assets
- $79.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suitland, MD
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-3724037
Organization Overview
Gateway Second Chance Foundation is located in Suitland, MD. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Gateway Second Chance 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 12/2021, Gateway Second Chance Foundation generated $107.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $96.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ALTHOUGH HAMPERED IN OUR FACE-TO-FACE FUNDRAISING ACTIVITIES BY THE COVID PANDEMIC, THE FOUNDATION WAS ABLE TO HOST ITS FIRST VIRTUAL MAJOR FUNDRAISER AND PROMOTIONAL EVENT, OUR 6TH ANNUAL PRAYER BREAKFAST. BOTH THE EXTRAORDINARILY SUCCESSFUL FINANCIAL AND PROMOTIONAL OUTCOMES OF THE EVENT WERE ENABLED BY OUR INCREASED EXPERIENCE AND SKILL IN UTILIZING THE SOCIAL MEDIA CAPABILITY WE DEVELOPED IN 2020. THE GATEWAY FOUNDATION BOARD OF DIRECTORS AND VOLUNTEERS ALSO LEVERAGED THEIR EXPERIENCE AND EXPERTISE TO ACHIEVE CONTINUED FINANCIAL SUPPORT OF OUR SUSTAINING PARENTS ---AN ESTABLISHED GROUP OF REPEAT DONORS. THAT SUPPORT ENABLED US TO ACQUIRE NECESSARY EQUIPMENT AND KEEP UP REQUIRED CLEANING/DISINFECTING TO MITIGATE RISK OF COVID INFECTION OF THE YOUNGSTERS ENROLLED IN THE IN-PERSON FACET OF OUR INNOVATIVE HYBRID (IN-PERSONAL AND VIRTUAL ENROLLMENT) EDUCATIONAL AND LIFE-SKILLS YOUTH PROGRAMS. THIS YEAR THE FOUNDATION WAS NOT ONLY ABLE TO MAINTAIN EXISTING CORPORATE DONOR RELATIONSHIPS AND ATTRACT ADDITIONAL FINANCIAL SUPPORT FROM THE BUSINESS COMMUNITY, BUT DERIVED NET REVENUE FROM A COLLABORATIVE FUNDRAISER WITH ANOTHER NON-PROFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Carter Chairman | 22 | $0 | |
Donna Carter President | 20 | $0 | |
Sharon Watkins Treasurer | 4 | $0 | |
Alfred Lagarde Asst. Treasurer | 4 | $0 | |
Judy Carter Secretary | 4 | $0 | |
Deborah Swinson Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,023 |
| 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 | $107,023 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,488 |
| Occupancy, rent, utilities, and maintenance | $26,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,847 |
| Total expenses | $96,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,275 |
| Other assets | $0 |
| Total assets | $79,184 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,184 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gateway Second Chance Foundation has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Skillsource Group Inc Vienna, VA | $1,796,857 | $6,906,902 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Fauna & Flora International Usa Inc Washintgon, DC | $2,602,858 | $7,350,946 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Kennedy Krieger Foundation Inc Baltimore, MD | $94,709,715 | $9,828,353 |
Poise Foundation Pittsburgh, PA | $17,239,498 | $10,674,894 |