Overview
What is Gateway Foundation Inc?
Gateway Foundation Inc, located in Harvey, Louisiana, is a nonprofit organization that offers critical support to veterans and qualified individuals dealing with substance abuse issues. Their primary mission involves providing transitional and permanent housing, ensuring daily necessities such as food and transportation. This organization distinguishes itself by focusing on individuals experiencing homelessness, particularly those grappling with substance abuse issues. With a dedicated team of 18 employees, Gateway Foundation Inc aims to offer rehabilitation services, assisting individuals in overcoming their substance abuse struggles and rebuilding their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Gateway Foundation Inc has received a "Needs Improvement" rating from Charity Navigator, indicating potential concerns regarding its governance and transparency. While the organization excels in accountability and finance with a perfect score of 100%, it struggles significantly in areas such as board independence and the posting of financial statements. These weaknesses suggest a need for better adherence to best practices in nonprofit management.
Strengths noted include a strong performance in areas such as material diversion of assets and having a conflict of interest policy. The organization has a reasonable liabilities to assets ratio and maintains a good program expense ratio, which points to effective allocation of resources towards its mission. However, the absence of independent board members and the lack of transparency in providing financial documents on its website raise red flags for potential donors and stakeholders.
Limitations of the Gateway Foundation Inc include the absence of a whistleblower policy and a failure to list key financial information on its website. The lack of independent oversight may impact credibility, and these governance issues could hinder trust among potential supporters. Addressing these concerns would be essential for improving its rating and fostering confidence in the organization’s operations.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Foundation Inc legitimate?
Gateway Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Foundation 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: $451,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,530
For more financial information, click here
What is the mission statement of Gateway Foundation Inc?
Gateway Foundation Inc's mission is centered around providing support for homeless individuals and families, with a particular focus on veterans, who are struggling with substance abuse issues. Their primary objective is to offer transitional and permanent housing, alongside rehabilitation services, to individuals battling substance abuse. The foundation's activities involve providing daily housing, food, and transportation for eligible individuals, offering counseling services for substance abuse as a crucial part of their support system.
Who is the CEO of Gateway Foundation Inc?
John Mcneely Iv is the Executive Director of Gateway Foundation Inc.
What is the revenue of Gateway Foundation Inc?
Gateway Foundation Inc's revenue in 2022 was $2,194,576.
Who are the executives of Gateway Foundation Inc and what are their salaries?
The average compensation at Gateway Foundation Inc during 2022 was $37,557. There are 18 employees at Gateway Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $194,688
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $156,699
- Related: $0
- Other: $0
- Compensation: $45,000
- Related: $0
- Other: $0
- Compensation: $26,458
- Related: $0
- Other: $0
- Compensation: $28,645
- Related: $0
- Other: $0
Where can I find the form 990 for Gateway Foundation Inc?
Gateway Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Foundation Inc
Gateway Foundation Inc, a nonprofit organization, is dedicated to providing housing and rehabilitation services to individuals grappling with substance abuse issues. Their primary focus is on homeless veterans, offering transitional and permanent housing solutions to this vulnerable group. The organization's mission is to support these individuals in overcoming their substance abuse problems, enabling them to rebuild their lives. Gateway Foundation Inc provides daily housing, food, and transportation for the qualified individuals in its care, with a special emphasis on counseling services to help them overcome their substance abuse challenges.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Gateway Foundation Inc's impact is significant as they provide transitional and permanent housing for homeless individuals and families, particularly veterans struggling with substance abuse issues. They offer daily housing, food, transportation, and counseling for those in need, ultimately working to provide housing and rehabilitation services to individuals battling substance abuse problems. Their work in the city of Harvey, Louisiana, is crucial in supporting and helping those who are most vulnerable in society, making a tangible difference in improving the lives of individuals facing these challenges.
This information is meant to be a general summary of Gateway Foundation 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: $16,064
- Program Service Revenue: $51,909
- Gross Receipts: $2,291,897
Assets and Liabilities:
- Total Assets: $1,967,765
- Total Liabilities: $259,711
- Net Assets: $1,708,054
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING FEES
Revenue
$51,909
Organization Details
Founding Year
1997
Phone
(504) 368-9935Principal Officer
John Mcneely Iv
Main Address
4103 LAC COUTURE DR, HARVEY, LA, 700586514
NTEE Category
Code: P70 - Human services
If you are a representative of Gateway Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.