The Gateway Center for World Mission

EIN: 050530510 501(c)(3) Religion

Lexington, KY

Total Revenue
$143,455
Total Expenses
$156,423
Total Assets
$192,220
Net Assets
$20,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
KY
Principal Officer
Kenneth W Shirkey
Phone
8595373412
Tax Period
2019-01-01 to 2019-12-31

The Gateway Center for World Mission, founded in 2002, is a small nonprofit in the Religion sector that reported $143K in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year.

Mission

The organization's primary mission is to spread the gospel of Jesus Christ and to disciple his followers.

Program Service Accomplishments

Program 1
Expenses: $61,387 Revenue: $55,926

Direct Missionary Support

Program 2
Expenses: $34,732 Revenue: $27,683

Trained and Released Leaders in Uganda.

Program 3
Expenses: $1,958 Revenue: $0

Mobilized US churches in support of cross-cultural missions.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $143,435
Program Service Revenue $0
Investment Income $20
Other Revenue $0
TOTAL REVENUE $143,455

Expense Breakdown

Grants Paid $6,139
Salaries & Benefits $75,030
Fundraising Expenses $1,714
Program Expenses $98,077
Other Expenses $73,846
TOTAL EXPENSES $156,423

Year-over-Year Comparison

2019 2018 Change
Revenue $143,455 $172,351 -0.2%
Expenses $156,423 $163,221 0.0%
Net Income $-12,968 $9,130 -2.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
4
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$23,526
Total Directors
6
$23,526
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth W Shirkey President 50.00
Officer Director
$5,163 $18,363 $23,526
Martha S Shirkey Secretary 50.00
Officer Director
$0 $0 $0
Richard Bersett Director 1.00
Director
$0 $0 $0
Carol Hocutt Director 1.00
Director
$0 $0 $0
Jerry Wiedewitsch Director 1.00
Director
$0 $0 $0
Mary Thomas Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $143,455 $156,423 $192,220 $-12,968
2018 $172,351 $163,221 $205,187 $9,130
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