GATEWAY UNIVERSITY SCHOOLS OF APPLIED SCIENCE

EIN: 811469086 501(c)(3)

MEMPHIS, TN

Total Revenue
$958,309
Total Expenses
$1,083,708
Total Assets
$459,359
Net Assets
$457,564
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Principal Officer
DR SOSEPRIALA DEDE
Phone
9018056031
Tax Period
2017-07-01 to 2018-06-30

GATEWAY UNIVERSITY SCHOOLS OF APPLIED SCIENCE, founded in 2016, is a small nonprofit that reported $958K in total revenue in fiscal year 2017. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

GATEWAY UNIVERSITY IS A CHARTER HIGH SCHOOL WHOSE MISSION IS TO EMPOWER SCHOLARS WITH THE HABITS OF MIND AND CHARACTER TO ASSUME THE HIGHEST RESPONSIBILITIES OF LIFE, CITIZENSHIP, AND LEADERSHIP, WHO ARE COLLEGE, CAREER, AND COMMUNITY READY FROM DAY ONE. THIS IS ACHIEVED BY STRAGEGICALLY PARTNERING WITH ELITE INSTITUTIONS OF HIGHER EDUCATIONS, LOCAL AND GLOBAL CORPORATE PARTNERS, AND COMMUNITY AND CIVIC LEADERS, IN A COLLECTIVE EFFORT TO PROVIDE EACH SCHOLAR WITH A UNIQUE EDUCATIONAL ENVIRONMENT AND MODEL THAT CULTIVATES LEARNING BY ENGAGING AND DOING, AND INSPIRES AND REQUIRES CREATIVITY AND INNOVATION, CRITICAL THINKING AND PROBLEM SOLVING, AND COMMUNICATION AND COLLABORATION.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $958,309
Investment Income $0
Other Revenue $0
TOTAL REVENUE $958,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $471,888
Fundraising Expenses $0
Program Expenses $1,083,708
Other Expenses $611,820
TOTAL EXPENSES $1,083,708

Year-over-Year Comparison

2017 2016 Change
Revenue $958,309 $641,026 +0.5%
Expenses $1,083,708 $58,063 +17.7%
Net Income $-125,399 $582,963 -1.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
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
7
$105,417
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLBY MITCHELL BOARD CHAIR N/A
Officer Director
$0 $0 $0
SHAPRESE SIMS BOARD MEMBER N/A
Officer Director
$0 $0 $0
CHANDRA BOYKINS BOARD MEMBER N/A
Officer Director
$0 $0 $0
TREVIA CHATMAN BOARD MEMBER N/A
Officer Director
$0 $0 $0
ERICA COWAN BOARD MEMBER N/A
Officer Director
$0 $0 $0
DR LADONNA YOUNG BOARD MEMBER N/A
Officer Director
$0 $0 $0
DR SOSEPRIALA DEDE PRESIDENT 40.00
Officer
$105,417 $0 $105,417
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
2018 $958,309 $1,083,708 $459,359 $-125,399
2017 $641,026 $58,063 $582,963 $582,963
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