Gateway Foundation
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Harvey, LA
- Founding
- 07/1997
- Data as of
- 09/2023
- EIN
- 72-1345367
Organization Overview
Gateway Foundation is located in Harvey, LA. The organization was established in 1997. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 09/2023, Gateway Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway 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 09/2023, Gateway Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 5 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
PROVIDE TRANSITIONAL AND PERMANENT HOUSING FOR HOMELESS INDIVIDUALS AND FAMILIES, PARTICULARLY VETERANS PRESENTING WITH SUBSTANCE ABUSE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED DAILY HOUSING, FOOD AND TRANSPORTATION FOR VETERANS AND OTHER QUALIFIED INDIVIDUALS. IN PARTICULAR THOSE THAT REQUIRE COUNSELING FOR SUBSTANCE ABUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcneely IV Executive Director | OfficerTrustee | 40 | $194,688 |
Eric Pitts RN Director | Trustee | 0 | $0 |
Darryl Chandler Treasurer/secretary | OfficerTrustee | 40 | $156,699 |
Mansfield Williams Director | Trustee | 40 | $45,000 |
Damian Rome Director | Trustee | 40 | $27,400 |
Bertrum Lee Director | Trustee | 40 | $28,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,808,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,808,974 |
| Total Program Service Revenue | $40,167 |
| Investment income | $18,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,406 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,872,906 |
| 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. | $452,437 |
| Compensation of current officers, directors, key employees. | $194,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,222 |
| Pension plan accruals and contributions | $16,210 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,815 |
| Advertising and promotion | $0 |
| Office expenses | $21,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $293,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,483 |
| Insurance | $90,583 |
| All other expenses | $145,165 |
| Total functional expenses | $1,850,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,923 |
| Savings and temporary cash investments | $775,160 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $256,168 |
| 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 | $36,110 |
| Net Land, buildings, and equipment | $770,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,600 |
| Intangible assets | $0 |
| Other assets | $9,398 |
| Total assets | $1,964,919 |
| Accounts payable and accrued expenses | $15,764 |
| 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 | $178,531 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,775 |
| Total liabilities | $234,070 |
| Net assets without donor restrictions | $1,730,849 |
| 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 | $1,964,919 |