Overview
What is Gateway House Endowment Fund?
The Gateway House Endowment Fund serves as a financial resource for long-term assistance to Gateway House, Inc., a nonprofit organization based in Greenville, South Carolina. Its primary mission is to ensure the financial stability of its beneficiary, providing ongoing support that strengthens Gateway House, Inc.'s operations and capacity to serve its community. The fund's purpose is to generate income that will help alleviate financial pressures and bolster the organization's overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating).
The Gateway House Endowment Fund has earned a Three-Star rating, reflecting a strong overall score that emphasizes its accountability and financial practices. With a score of 80% in Accountability & Finance, the organization demonstrates a commitment to transparency and responsible management of its resources. The rating highlights the importance of financial health and effective governance.
One of the organization's notable strengths is its 100% independent board, ensuring a high level of oversight and governance. The absence of any material diversion of assets and a perfect score in documenting board meeting minutes further emphasize its dedication to maintaining integrity and accountability. Additionally, with a program expense ratio of 99.63%, the majority of its funds are directed toward its programs, showcasing a strong focus on its mission.
While the Gateway House Endowment Fund displays solid financial and governance practices, it is always beneficial for nonprofits to continuously seek areas for improvement. The current rating reflects a responsible approach but also leaves room for ongoing evaluation to ensure long-term sustainability and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway House Endowment Fund legitimate?
Gateway House Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway House Endowment Fund 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: $0
For more financial information, click here
What is the mission statement of Gateway House Endowment Fund?
The Gateway House Endowment Fund's mission is centered around providing financial stability to its beneficiary, Gateway House, Inc. In essence, the fund's primary objective is to generate income for long-term financial aid for this organization. This financial assistance is intended to ensure the continuity and sustainability of Gateway House, Inc.'s operations. The purpose of this trust is to serve as a reliable source of financial support for its beneficiary, thereby contributing to its overall stability and longevity.
What is the revenue of Gateway House Endowment Fund?
Gateway House Endowment Fund's revenue in 2021 was $116,110.
Who are the executives of Gateway House Endowment Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gateway House Endowment Fund?
Gateway House Endowment Fund's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Gateway House Endowment Fund
The Gateway House Endowment Fund is committed to providing financial stability to its beneficiary, Gateway House, Inc. This mission is carried out by generating income for long-term financial assistance to the organization. The purpose of this trust is to ensure the financial well-being of Gateway House, Inc., serving as a reliable source of support for its ongoing operations.
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Impact
October, 2024
The Gateway House Endowment Fund plays a crucial role in ensuring the financial stability of Gateway House, Inc. By providing long-term financial assistance, the fund helps sustain programs and services that support the community. Its impact extends beyond immediate financial support, fostering a stable environment where Gateway House can continue to operate and thrive. This stability is essential for the organization to fulfill its mission and effectively serve those in need, particularly in Greenville, SC. The endowment fund acts as a vital resource, allowing Gateway House to plan for the future and enhance its offerings while reducing uncertainty associated with funding fluctuations.
This information is meant to be a general summary of Gateway House Endowment Fund. 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.
- Investment Income: $115,115
- Gross Receipts: $116,110
Assets and Liabilities:
- Total Assets: $3,849,575
- Total Liabilities: $0
- Net Assets: $3,849,575
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Organization Details
Founding Year
1997
Principal Officer
Randy Redlinger
NTEE Category
Code: Z99I - Unknown
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