Gateway STEM Academy Charter School No 4264

EIN: 822364892 501(c)(3) Education

Burnsville, MN

Total Revenue
$3,482,591
Total Expenses
$3,591,412
Total Assets
$1,483,217
Net Assets
$-956,484
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MN
Principal Officer
Mohamed Ahmed
Phone
9522064050
Tax Period
2024-07-01 to 2025-06-30

Gateway STEM Academy Charter School No 4264, founded in 2017, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

Gateway STEM Academy reaches underserved populations in grades K-6 in St. Paul and surrounding areas providing a STEM education.

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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 $3,346,118
Program Service Revenue $1,004
Investment Income $6,173
Other Revenue $129,296
TOTAL REVENUE $3,482,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,633,603
Fundraising Expenses $0
Program Expenses $2,911,556
Other Expenses $1,957,809
TOTAL EXPENSES $3,591,412

Year-over-Year Comparison

2024 2023 Change
Revenue $3,482,591 $2,984,293 +0.2%
Expenses $3,591,412 $3,306,444 +0.1%
Net Income $-108,821 $-322,151 -0.7%
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
9
Independent Members
7
Employees
44
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
5
$135,573
Total Directors
9
$76,508
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abdisalan Osman Treasurer 1.00
Officer Director
$0 $0 $0
Abdirahman Mukhtar Chair 5.00
Officer Director
$0 $0 $0
Brandon Haley Secretary/Teacher Representative 41.00
Officer Director
$36,205 $3,542 $39,747
Hamdi Ali Community Representative 1.00
Director
$0 $0 $0
Mary Harris Community Representative 1.00
Director
$0 $0 $0
Seth Nilson Teacher Representative 41.00
Director
$33,667 $3,094 $36,761
Fathiyo Abduliah Parent Representative 1.00
Director
$0 $0 $0
Nadra Guled Parent Representative 1.00
Director
$0 $0 $0
Layla Ahmed Parent Representative 1.00
Director
$0 $0 $0
Edward Fellows Resigned 525 Executive Director 41.00
Officer
$72,338 $6,620 $78,958
Mohamed Ahmed Effective 525 Executive Director 41.00
Officer
$14,701 $2,167 $16,868
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 $3,482,591 $3,591,412 $1,483,217 $-108,821
2024 No data No data No data No data
2023 $3,823,456 $4,547,449 $1,769,930 $-723,993
2022 $4,538,522 $4,583,405 $2,418,487 $-44,883
2021 $4,132,929 $3,832,711 $1,994,120 $300,218
2020 $2,840,376 $2,762,604 $1,395,065 $77,772
2019 $2,339,733 $2,474,359 $438,226 $-134,626
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