Gateway Charitable Foundation Inc

EIN: 364063660 501(c)(3) Philanthropy & Grantmaking

Chicago, IL

Total Revenue
$349,008
Total Expenses
$492,958
Total Assets
$10,059,045
Net Assets
$10,049,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
Jeremy Klemanski
Phone
3126631130
Tax Period
2024-07-01 to 2025-06-30

Gateway Charitable Foundation Inc, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $349K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Expenses of $493K exceeded revenue, resulting in a 41% operating deficit.

Mission

Gateway Charitable Foundation, Inc. is a national, non-profit organization committed to reducing substance abuse and co-occurring mental health problems through effective and efficient treatment programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $413,190
Program Service Revenue $0
Investment Income $67
Other Revenue $-64,249
TOTAL REVENUE $349,008

Expense Breakdown

Grants Paid $205,893
Salaries & Benefits $229,441
Fundraising Expenses $287,065
Program Expenses $205,893
Other Expenses $57,624
TOTAL EXPENSES $492,958

Year-over-Year Comparison

2024 2023 Change
Revenue $349,008 $167,185 +1.1%
Expenses $492,958 $324,806 +0.5%
Net Income $-143,950 $-157,621 -0.1%
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

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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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
7
$1,285,529
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Larry Singer Chair 0.50
Officer Director
$0 $0 $0
Julie Brady Treasurer 0.50
Officer Director
$0 $0 $0
Elio Montenegro Secretary 0.50
Officer Director
$0 $0 $0
Ivy Walker Vice Chair 0.50
Officer Director
$0 $0 $0
Arla Lach Immediate Past Chair 0.50
Officer Director
$0 $0 $0
Jeremy Klemanski President & CEO 1.33
Officer
$0 $47,029 $899,709
Tomas Del Rio CFO (Until 5/27/25) 1.33
Officer
$0 $35,300 $385,820
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
2025 $349,008 $492,958 $10,059,045 $-143,950
2024 $167,185 $324,806 $10,070,883 $-157,621
2023 $1,319,092 $328,175 $11,000,223 $990,917
2022 $247,047 $333,201 $9,723,694 $-86,154
2021 $146,477 $256,405 $6,183,586 $-109,928
2020 $173,150 $259,730 $5,583,236 $-86,580
2019 $135,015 $275,238 $5,322,001 $-140,223
2018 $290,454 $218,527 $5,326,678 $71,927
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