Gateway Of Hope Addiction Recovery Center
- Assets
- $1.4m
- Revenue
- $206.6k
- Investments
- $0.0
- Employees
- 1
- Location
- New London, NC
- Founding
- Data as of
- 12/2023
- EIN
- 83-2335413
Organization Overview
Gateway Of Hope Addiction Recovery Center is located in New London, NC. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Of Hope Addiction Recovery Center 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 Of Hope Addiction Recovery Center generated $206.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $218.1k during the year ending 12/2023. 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 PROVIDE A CHRISTIAN-CENTERED SUBSTANCE ABUSE RECOVERY CENTER AND OFFER JOB PLACEMENT, WORK SKILLS TRAINING, AND SUPPORT FOR EFFECTED FAMILY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SHELTER, CARE AND SUPPORT FOR INDIVIDUALS RECOVERING FROM SUBSTANCE ABUSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Wilkins Board Member | Trustee | 2 | $0 |
Renee Parah Board Member | Trustee | 2 | $0 |
Carol Emerick Board Member | Trustee | 2 | $0 |
Glenda Wilkins Board Member | Trustee | 2 | $0 |
Wayne Shue Board Member | Trustee | 2 | $0 |
Paul Wilkins President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,348 |
| Total Program Service Revenue | $75,550 |
| Investment income | $2,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,032 |
| 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 | $206,621 |
| 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. | $68,930 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $9,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $3,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,545 |
| Travel | $7,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $902 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,928 |
| Insurance | $7,314 |
| All other expenses | $1,190 |
| Total functional expenses | $218,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,254 |
| Savings and temporary cash investments | $370,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $966,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,400,241 |
| Accounts payable and accrued expenses | $0 |
| 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 | $32,031 |
| Other liabilities | $551 |
| Total liabilities | $32,582 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,367,659 |
| 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 | $1,400,241 |