Gateway Ministries Inc

EIN: 222454307 501(c)(3)

Owego, NY

Total Revenue
$171,152
Total Expenses
$121,353
Total Assets
$394,266
Net Assets
$303,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
EDWARD J MCDONALD
Phone
6076879700
Tax Period
2020-01-01 to 2020-12-31

Gateway Ministries Inc, founded in 1982, is a small nonprofit that reported $171K in total revenue in fiscal year 2020. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 29% operating margin.

Mission

We hold several religious services a week serving around 100 children and adults. We provide counseling and help local and foreign missions as we preach the Gospel of Jesus Christ.

Program Service Accomplishments

Program 1
Expenses: $81,579

Preaching the Gospel of Jesus Christ through weekly religious services, music ministries, conferences, and meetings held on church premises.

Program 2
Expenses: $16,100

Preaching the Gospel of Jesus Christ through religious services and counseling by visiting and supporting missions.

Program 3
Expenses: $1,199

Preaching and following the Gospel of Jesus Christ by helping the needy, the unemployed, and fire and flood victims through benevolence funds.

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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 (2020)

Revenue Breakdown

Contributions & Grants $89,963
Program Service Revenue $0
Investment Income $81,189
Other Revenue $0
TOTAL REVENUE $171,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,100
Fundraising Expenses $0
Program Expenses $98,878
Other Expenses $105,253
TOTAL EXPENSES $121,353

Year-over-Year Comparison

2020 2019 Change
Revenue $171,152 $116,232 +0.5%
Expenses $121,353 $127,661 0.0%
Net Income $49,799 $-11,429 -5.4%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
15

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
4
$15,600
Total Directors
8
$15,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD J MCDONALD President 15.00
Officer Director
$0 $0 $0
JOHN B SCANLON VicePresident 15.00
Officer Director
$15,600 $0 $15,600
DENIS MCCANN Treasurer 5.000
Officer Director
$0 $0 $0
MAUREEN COX Secretary 4.000
Officer Director
$0 $0 $0
LEE BERRETTINI Director 4.000
Director
$0 $0 $0
BARBARA BUSH Director 4.000
Director
$0 $0 $0
CAROL SGUEGLIA Director 4.000
Director
$0 $0 $0
BRIAN J STOUT Director 4.000
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
2020 $171,152 $121,353 $394,266 $49,799
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