GATEWAY EMPOWERMENT INC

EIN: 471596128 501(c)(3) Religion

MILLBROOK, AL

Total Revenue
$484,096
Total Expenses
$294,911
Total Assets
$203,104
Net Assets
$196,685
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Principal Officer
FELICIA BATES
Phone
3346592288
Tax Period
2023-01-01 to 2023-09-30

GATEWAY EMPOWERMENT INC, founded in 2018, is a small nonprofit in the Religion sector that reported $215K in total revenue in fiscal year 2022. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $203K, a strong 94% operating margin.

Mission

CHILDHOOD EARLY CARE

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $267,000
Program Service Revenue $217,096
Investment Income $0
Other Revenue $0
TOTAL REVENUE $484,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,165
Fundraising Expenses $0
Other Expenses $103,746
TOTAL EXPENSES $294,911

Year-over-Year Comparison

2023 2022 Change
Revenue $484,096 $215,404 +1.2%
Expenses $294,911 $12,300 +23.0%
Net Income $189,185 $203,104 -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

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Governance

Voting Members
2
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FELICIA BATES PRESIDENT 20
$8,000 $0 $8,000
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
2023 $484,096 $294,911 $203,104 $189,185
2022 $215,404 $12,300 $203,104 $203,104
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