Gatesway Foundation Inc
- Assets
- $5.5m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 327
- Location
- Broken Arrow, OK
- Founding
- 08/1965
- Data as of
- 06/2022
- EIN
- 73-0746440
Organization Overview
Gatesway Foundation Inc is located in Broken Arrow, OK. The organization was established in 1965. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Gatesway Foundation Inc employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gatesway Foundation 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 06/2022, Gatesway Foundation Inc generated $9.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $9.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE INDEPENDENCE AND PROVIDE OPPORTUNITIES FOR PEOPLE WITH INTELLECTUAL DISABILITIES THAT WILL ENABLE THEM TO LIVE/WORK IN THE COMMUNITY AND IMPROVE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE PROVIDES HOMES AND THE INDIVIDUALLY SPECIFIC SUPPORTS REQUIRED FOR PEOPLE WITH INTELLECTUAL DISABILITIES TO LIVE SUCCESSFULLY IN SAFE AND LOVING ENVIRONMENTS AND THEREBY REALIZE THEIR GOALS OF HAVING A HOME FOR OVER 50 PEOPLE WITH INTELLECTUAL AND OTHER DISABILITIES.
COMMUNITY RESIDENTIAL PROVIDES NEEDED RESIDENTIAL SUPPORTS INCLUDING HOME MANAGEMENT AND IN HOME STAFFING IN ORDER TO MEET INDIVIDUALLY SPECIFIC NEEDS FOR HEALTH AND MEDICAL SUPPORTS, ACTIVITIES OF DAILY LIVING SUPPORTS (DINING, HYGIENE, DRESSING,GROOMING, ETC), SOCIAL SKILLS TRAINING, AND OTHER LIVING SKILLS. SUPPORTS FOR OVER 200 PEOPLE WITH INTELLECTUAL AND OTHER DISABILITIES IN ORDER FOR THEM TO LIVE SUCCESSFULLY AND SAFELY IN PUBLIC COMMUNITIES.
VOCATIONAL PROVIDES REAL JOBS, JOB SUPPORTS, JOB SKILLS TRAINING, AND RELATED EMPLOYMENT SUPPORTS (INCLUDING TRANSPORTATION TO AND FROM WORK, NEEDED SUPERVISION, OTHER JOB SUPPORTS) TO BUILD FINANCIAL SELF-SUFFICIENCY AND SELF-ESTEEM FOR OVER 200 ADULTS WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elijah Blankenship Chief Dev Offic | Officer | 40 | $60,020 |
John Feary President | OfficerTrustee | 1 | $0 |
Larry Langford Secretary | OfficerTrustee | 1 | $0 |
Ray Miller Jr Member | Trustee | 1 | $0 |
Claire Collard Member | Trustee | 1 | $0 |
Sean Kouplen Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $288,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,245 |
| Noncash contributions included in lines 1a–1f | $46,529 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $503,709 |
| Total Program Service Revenue | $9,388,154 |
| Investment income | $1,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,918,070 |
| 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. | $60,020 |
| Compensation of current officers, directors, key employees. | $7,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,667,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $574,779 |
| Payroll taxes | $550,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $492,266 |
| Advertising and promotion | $0 |
| Office expenses | $63,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $448,598 |
| Travel | $102,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $207,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,809 |
| Insurance | $292,571 |
| All other expenses | $137,929 |
| Total functional expenses | $9,244,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,291,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $485,627 |
| 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 | $48,404 |
| Net Land, buildings, and equipment | $2,062,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,183 |
| Total assets | $5,467,940 |
| Accounts payable and accrued expenses | $558,258 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $468,051 |
| 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 | $500,000 |
| Total liabilities | $1,526,309 |
| Net assets without donor restrictions | $3,941,631 |
| 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 | $5,467,940 |