Gateway Industries Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 71
- Location
- Ronceverte, WV
- Founding
- 08/1980
- Data as of
- 06/2021
- EIN
- 55-0590745
Organization Overview
Gateway Industries Inc is located in Ronceverte, WV. The organization was established in 1980. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2021, Gateway Industries Inc employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Industries 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 06/2021, Gateway Industries Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORK SKILLS TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THE DISABLED "HELPING PEOPLE HELP THEMSELVES"
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 56 CLIENTS WERE CONTINUALLY BEING TRAINED IN SKILLS TO ENABLE THEM TO ENTER A COMPETITIVE EMPLOYMENT OPPORTUNITY IN THE COMMUNITY OR WORK SKILLS TO KEEP THEM EMPLOYED AT OUR CURRENT FACILITY. 3 CLIENTS HAVE BEEN PLACED LAST YEAR INTO FULL AND PART-TIME POSITIONS OUTSIDE THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Cantrell-Massie Executive Director | Officer | 40 | $88,440 |
Betty Carola Chair Person | Officer | 5 | $0 |
Steve Clendenen Vice President | Officer | 5 | $0 |
Tyler Ingram Secretary/treasurer | Officer | 5 | $0 |
Aaron Ambler Director | Trustee | 5 | $0 |
Herbert Montgomery Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,313 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,824 |
| Total Program Service Revenue | $766,945 |
| Investment income | $1,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,469 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $102,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,187,720 |
| 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. | $88,440 |
| Compensation of current officers, directors, key employees. | $44,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,415 |
| Payroll taxes | $71,862 |
| Fees for services: Management | $5,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,795 |
| Insurance | $35,568 |
| All other expenses | $78,608 |
| Total functional expenses | $1,047,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,508 |
| Savings and temporary cash investments | $268,574 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,796 |
| Prepaid expenses and deferred charges | $9,354 |
| Net Land, buildings, and equipment | $766,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,438,654 |
| Accounts payable and accrued expenses | $13,948 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,948 |
| Net assets without donor restrictions | $1,410,804 |
| Net assets with donor restrictions | $13,902 |
| 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 | $1,438,654 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Gateway Industries Inc has recieved totaling $54,949.
| Awarding Organization | Amount |
|---|---|
Seneca Trail Charitable Foundation Inc Lewisburg, WV PURPOSE: REPLACE EXISTING TECHNOLOGY | $13,849 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $10,000 |
Louise R Lester Foundation Inc Roanoke, VA PURPOSE: FOOD INSECURITY FUND | $10,000 |
Jeanne G Hamilton & Lawson W Hamilt On Jr Family Foundation Inc Lewisburg, WV PURPOSE: GRANT | $6,500 |
Hollowell Dawkins Foundation Inc Lewisburg, WV PURPOSE: BASIC NEEDS PROGRAM FOR PARTICIPANTS | $6,000 |
Daywood Foundation Inc Charleston, WV PURPOSE: EMERGENCY ASSISTANCE PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
Saw Inc Maple Heights, OH | $6,395,410 | $10,960,526 |
Richland Newhope Industries Inc Mansfield, OH | $8,935,690 | $8,394,692 |
Weaver Industries Inc Akron, OH | $6,119,573 | $9,368,029 |
Tac Industries Inc Springfield, OH | $17,661,661 | $9,778,253 |
Workshops Inc Canton, OH | $5,457,390 | $7,999,125 |
Alpha Group Of Delaware Inc Delaware, OH | $7,565,752 | $7,411,638 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Jackson County Developmental Center Inc Millwood, WV | $3,126,310 | $5,044,000 |
Sw Resources Inc Parkersburg, WV | $3,802,865 | $5,085,647 |
Fairhaven Industries Inc Warren, OH | $2,155,831 | $5,422,840 |
Riverview Industries Inc Oak Harbor, OH | $3,184,218 | $4,947,812 |