Gateway Rescue Mission Inc
- Assets
- $5.5m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Jackson, MS
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 64-0369382
Organization Overview
Gateway Rescue Mission Inc is located in Jackson, MS. The organization was established in 1960. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Gateway Rescue Mission Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Rescue Mission 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 12/2023, Gateway Rescue Mission Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER LIFE CHANGING HOPE THROUGH THE GOSPEL OF JESUS CHRIST TO HOMELESS MEN, WOMEN, AND CHILDREN THROUGH PROGRAMS TO DELIVER FOOD, SHELTER, COUNSELING AND DISCIPLESHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A CHRIST CENTERED RESPONSE TO PROBLEMS OF HUNGER AND HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Baker Executive Di | Officer | 40 | $80,740 |
Bentley Edwards CFO | Officer | 40 | $89,594 |
Elizabeth Archer Secretary | OfficerTrustee | 1 | $0 |
Donna Bruce Director | Trustee | 1 | $0 |
C Glen Bush Director | Trustee | 1 | $0 |
Danny Cawthon Director | Trustee | 1 | $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 | $2,623,431 |
| Noncash contributions included in lines 1a–1f | $665,772 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,623,431 |
| Total Program Service Revenue | $991,994 |
| Investment income | $79,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,702,971 |
| 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. | $249,202 |
| Compensation of current officers, directors, key employees. | $122,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $973,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $171,093 |
| Payroll taxes | $92,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,800 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,137 |
| Advertising and promotion | $13,320 |
| Office expenses | $2,027 |
| Information technology | $8,174 |
| Royalties | $0 |
| Occupancy | $7,388 |
| Travel | $1,690 |
| 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 | $178,261 |
| Insurance | $87,554 |
| All other expenses | $430,107 |
| Total functional expenses | $3,456,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,159,621 |
| Savings and temporary cash investments | $1,957,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,491 |
| Prepaid expenses and deferred charges | $25,041 |
| Net Land, buildings, and equipment | $2,249,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,808 |
| Total assets | $5,455,852 |
| Accounts payable and accrued expenses | $144,660 |
| 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 | $144,660 |
| Net assets without donor restrictions | $5,311,192 |
| Net assets with donor restrictions | $0 |
| 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 | $5,455,852 |