Overview
What is Gateway Industries Of Eldon Inc?
Gateway Industries of Eldon Inc, located in Eldon, Missouri, is a nonprofit organization dedicated to providing a rehabilitation program for individuals with physical or mental impairments. This impairment hinders their ability to compete in traditional work environments. The facility's mission is to support these individuals by offering a program aimed at enhancing their skills and empowering them to contribute productively to society. With a workforce of 45 individuals, Gateway Industries of Eldon Inc strives to create an inclusive environment and contribute positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
Gateway Industries of Eldon Inc has received a rating indicating a need for improvement, with a score of 67%. The organization demonstrates strong accountability in certain areas, notably having a fully independent board, as well as a favorable liabilities to assets ratio of 4.19%. Additionally, they allocate a significant portion of their budget to program expenses, achieving an impressive 87.99% program expense ratio.
However, the organization faces several critical limitations. There is a lack of transparency in its financial reporting, as indicated by the absence of financial statements, which contributed to a poor score in that category. Furthermore, the nonprofit lacks essential governance policies, including conflict of interest, whistleblower, and document retention policies, which could impact its operational integrity and stakeholder confidence.
Overall, while Gateway Industries of Eldon Inc shows strengths in board independence and program funding, it must address its financial reporting and governance deficiencies to improve its overall rating and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Industries Of Eldon Inc legitimate?
Gateway Industries Of Eldon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Industries Of Eldon 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,800
For more financial information, click here
What is the mission statement of Gateway Industries Of Eldon Inc?
Gateway Industries of Eldon Inc. operates as a facility dedicated to providing a rehabilitation program for individuals whose earning capacity is impaired due to physical or mental disabilities. These individuals often struggle to compete in traditional work environments. The primary objective of this organization is to offer a rehabilitation program that empowers these individuals, enabling them to develop skills and gain independence, thereby improving their overall quality of life. The facility's mission involves creating an environment where individuals can learn new skills, build confidence, and eventually re-enter the workforce, if they so choose, on a more equal footing.
Who is the CEO of Gateway Industries Of Eldon Inc?
Mike Herbert is the President of Gateway Industries Of Eldon Inc.
What is the revenue of Gateway Industries Of Eldon Inc?
Gateway Industries Of Eldon Inc's revenue in 2023 was $504,162.
Who are the executives of Gateway Industries Of Eldon Inc and what are their salaries?
The average compensation at Gateway Industries Of Eldon Inc during 2023 was $7,329. There are 45 employees at Gateway Industries Of Eldon Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Gateway Industries Of Eldon Inc?
Gateway Industries Of Eldon Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gateway Industries Of Eldon Inc
Gateway Industries of Eldon Inc is a facility dedicated to providing a program of rehabilitation for individuals whose earning capacity is impaired due to physical or mental deficiencies. This nonprofit organization operates with a mission to assist individuals who struggle to compete in traditional work environments. By offering a rehabilitation program, Gateway Industries of Eldon Inc aims to empower these individuals, helping them develop the skills and confidence needed to reintegrate into the workforce and lead more independent lives. The organization's rehabilitation program is tailored to meet the unique needs of each individual, providing them with the necessary support and resources to overcome their challenges and reach their full potential.
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Impact
July, 2024
Gateway Industries Of Eldon Inc has a significant impact on the community by providing a facility for individuals with physical or mental disabilities to receive rehabilitation services. Through its programs, it helps enhance the quality of life for those whose earning capacity is impaired and who may not be able to compete in traditional work environments. By offering specialized support and vocational training, Gateway Industries Of Eldon Inc contributes to empowering individuals with disabilities to gain skills and opportunities for employment. This organization plays a vital role in promoting inclusivity and independence for its participants, ultimately fostering a more diverse and equitable society.
This information is meant to be a general summary of Gateway Industries Of Eldon 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 2023.
- Investment Income: $2,683
- Program Service Revenue: $148,582
- Gross Receipts: $504,162
Assets and Liabilities:
- Total Assets: $779,022
- Total Liabilities: $32,661
- Net Assets: $746,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$148,582
Organization Details
Founding Year
1997
Principal Officer
Mike Herbert
Main Address
1204 EAST NORTH STREET, ELDON, MO, 65026
NTEE Category
Code: J33 - Employment
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