Overview
What is New Gateways Inc?
New Gateways Inc, based in Waterford, Michigan, is a nonprofit organization dedicated to supporting adults with developmental disabilities. Their community program aims to foster a sense of safety, interdependence, and inclusion within the community, guiding these individuals in making healthy and safe choices. With a team of seven dedicated employees, New Gateways Inc strives to empower adults with developmental disabilities, ultimately leading to self-directed, purposeful lives.
Official website here: www.newgateways.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
New Gateways Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The organization's high score is primarily derived from its robust practices in governance and financial management, indicating that it operates transparently and effectively. The presence of a majority independent board and comprehensive oversight mechanisms further strengthens its credibility.
The organization excels in various areas, including having no material diversion of assets, a conflict of interest policy, and a whistleblower policy in place, which are critical for maintaining trust with stakeholders. Additionally, New Gateways Inc demonstrates a strong program expense ratio, with 87.20% of its expenditures directed towards its programs, showcasing a commitment to its mission and beneficiaries.
However, the organization has room for improvement in its liabilities to assets ratio, which stands at 54.86%. While this is not a significant concern, it suggests that the organization may benefit from further enhancing its financial health. Overall, New Gateways Inc presents itself as a responsible and effective nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is New Gateways Inc legitimate?
New Gateways Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Gateways Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,481
For more financial information, click here
Official website here: www.newgateways.net
What is the mission statement of New Gateways Inc?
New Gateways Inc's mission is centered around assisting adults with developmental disabilities. The organization aims to help these individuals feel safe, independent, and included within their community. Additionally, New Gateways Inc supports these adults in making safe and healthy choices, promoting self-directed growth and personal fulfillment. Their community program offers instruction and resources to facilitate these objectives.
Official website here: www.newgateways.net
Who is the CEO of New Gateways Inc?
Lynn Maginity is the President of New Gateways Inc.
Official website here: www.newgateways.net
What is the revenue of New Gateways Inc?
New Gateways Inc's revenue in 2022 was $2,591,371.
Official website here: www.newgateways.net
Who are the executives of New Gateways Inc and what are their salaries?
The average compensation at New Gateways Inc during 2022 was $53,417. There are 7 employees and 4 volunteers at New Gateways Inc.
Here are 7 key members and their salaries:
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- Compensation: $75,447
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Official website here: www.newgateways.net
Where can I find the form 990 for New Gateways Inc?
New Gateways Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newgateways.net
Learn more at the official website: www.newgateways.net
Mission Statement of New Gateways Inc
New Gateways Inc is committed to assisting adults with developmental disabilities in feeling safe, interdependent, and included in their community. The organization's mission is to support these individuals in making safe and healthy choices, ultimately leading to self-directed, purposeful lives. Through their community program, New Gateways Inc provides instruction and guidance, fostering an environment where adults with developmental disabilities can thrive and contribute to their community. The goal is to empower these individuals, helping them to become active and independent members of society.
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Impact
October, 2024
New Gateways Inc plays a crucial role in enhancing the lives of adults with developmental disabilities in Waterford, MI, by fostering an environment where they feel safe, interdependent, and included within their community. The organization's community programs provide vital instruction and support, empowering individuals to make informed, healthy choices. This commitment not only aids personal growth but also encourages a sense of belonging and self-direction among participants. Through these initiatives, New Gateways Inc significantly contributes to improving the overall well-being of individuals with developmental disabilities, facilitating their integration and active participation in the community.
This information is meant to be a general summary of New Gateways Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,012
- Program Service Revenue: $3,575
- Gross Receipts: $2,591,744
Assets and Liabilities:
- Total Assets: $1,534,816
- Total Liabilities: $275,163
- Net Assets: $1,259,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$3,575
Organization Details
Founding Year
2005
Principal Officer
Lynn Maginity
Main Address
5195 PONTIAC LAKE RD, WATERFORD, MI, 48327
Website
www.newgateways.netNTEE Category
Code: P80 - Human services
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