MV GATE INC

EIN: 461269141 501(c)(3) Unknown

Mill Valley, CA

Total Revenue
$183,814
Total Expenses
$252,905
Total Assets
$30,453
Net Assets
$30,453
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Tax Period
2021-01-01 to 2021-12-31

MV GATE INC, founded in 2012, is a small nonprofit in the Unknown sector that reported $184K in total revenue in fiscal year 2021. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 38% operating deficit.

Mission

MVGATE Inc is an educational nonprofit that helps parents and communities in Mill Valley and nearby neighborhoods provide advanced learning opportunities to children who desire and need more educational challenges than traditional schooling provides.

Program Service Accomplishments

Program 1
Expenses: $242,163 Revenue: $0

In 2021 MVGATE's newer program CS Is Elementary formerly Family Code Night continued to extend its national reach and impact adding Puerto Rico. CSIE helps schools offer their own Family Code Nights...

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In 2021 MVGATE's newer program CS Is Elementary formerly Family Code Night continued to extend its national reach and impact adding Puerto Rico. CSIE helps schools offer their own Family Code Nights and related K-8 computer science learning programs. It has been featured on the front page of the Sunday New York Times on the White House website and at the 2016 White House Computer Science for All Summit. The program can be run by any school with no special resources or training and at virtually no expense to the school using a CSIE Event Kit created and provided for free by MVGATE or as a Livestream experience offered to many schools and families at once. Thousands of Event Kits have been distributed to principals parents and educators and thousands of Family Code Nights have been held for tens of thousands of participants. During 2021 CSIE continued an effective statewide school-recruitment model with plans to partner with schools districts and scores of states nationwide.

Program 2
Expenses: $10,742 Revenue: $13,314

2021 was a challenging year for MVGATE-Core. Its traditional in-person local educational activities both in-school and out-of-school were abruptly ended in March 2020 by California's COVID-19 state...

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2021 was a challenging year for MVGATE-Core. Its traditional in-person local educational activities both in-school and out-of-school were abruptly ended in March 2020 by California's COVID-19 state of emergency and lockdown. All key partners also suspended in-person operations. Some educational activities did not restart; others moved online. In two cases the move online allowed CORE to expand: its advanced Computer Science summer program serving middle school and high school students added a week-long intensive programming class; and its advanced math program added Marin's only open session of the American Mathematics Competition for high school students.

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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 (2021)

Revenue Breakdown

Contributions & Grants $170,500
Program Service Revenue $13,091
Investment Income $0
Other Revenue $223
TOTAL REVENUE $183,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,000
Fundraising Expenses $0
Program Expenses $252,905
Other Expenses $156,905
TOTAL EXPENSES $252,905

Year-over-Year Comparison

2021 2020 Change
Revenue $183,814 $243,406 -0.2%
Expenses $252,905 $213,346 +0.2%
Net Income $-69,091 $30,060 -3.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
$96,000
Total Directors
2
$96,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Pearce Director 60.00
Officer Director
$96,000 $0 $96,000
Jeff Leane Director 40.00
Officer 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
2021 $183,814 $252,905 $30,453 $-69,091
2020 $243,406 $213,346 $99,544 $30,060
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