Overview
What is Gateway Area Foundation?
The Gateway Area Foundation is a nonprofit organization situated in Clinton, Iowa, with its headquarters at 721 South Second Street, 52732. Their primary focus revolves around promoting economic education and community development. Through funding, they support various educational and leadership projects, contributing substantially to their local community's growth. The mission of the Gateway Area Foundation is aligned with its purpose, aiming to improve economic education and contribute to community development efforts in the area.
Is Gateway Area Foundation legitimate?
Gateway Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Area Foundation 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.
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What is the mission statement of Gateway Area Foundation?
The Gateway Area Foundation is committed to promoting economic education and community development. Their mission encompasses providing financial support for educational projects and leadership initiatives, as well as community development endeavors. The foundation aims to contribute to the betterment of the community by fostering economic understanding and driving community growth. They accomplish this through their funding activities, focusing on both educational and developmental projects.
Who is the CEO of Gateway Area Foundation?
Richard Phelan is the Chair of Gateway Area Foundation.
What is the revenue of Gateway Area Foundation?
Gateway Area Foundation's revenue in 2021 was $83,688.
Who are the executives of Gateway Area Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Gateway Area Foundation?
Gateway Area Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Gateway Area Foundation
The Gateway Area Foundation, as a nonprofit organization, is committed to fostering economic education and community development. In line with this mission, the foundation provides funding for various educational and leadership projects, as well as initiatives aimed at promoting community development. By investing in these areas, the Gateway Area Foundation seeks to contribute to the betterment of communities and empower individuals with the knowledge necessary to navigate economic landscapes.
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Impact
October, 2024
The Gateway Area Foundation significantly impacts the Clinton, IA community by promoting economic education and fostering community development. Through targeted funding for educational and leadership projects, the foundation empowers individuals and groups to enhance their skills and knowledge, ultimately leading to stronger local initiatives and a more informed populace. Its commitment to supporting community projects not only addresses immediate needs but also fosters long-term growth and sustainability. By investing in these educational initiatives, the foundation plays a crucial role in shaping a vibrant and economically sound community, enhancing the overall well-being of its residents.
This information is meant to be a general summary of Gateway Area Foundation. 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 2021.
- Program Service Revenue: $67,061
- Gross Receipts: $83,688
Assets and Liabilities:
- Total Assets: $627,814
- Total Liabilities: $48,882
- Net Assets: $578,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE RENTAL INCOME
Revenue
$56,497
RENTAL - 8% OWNED
Revenue
$10,564
Organization Details
Founding Year
2002
Phone
(563) 242-5702Principal Officer
Richard Phelan
Main Address
721 SOUTH SECOND STREET, CLINTON, IA, 52732
NTEE Category
Code: T30 - Philanthropy
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