Overview
What is Gateway Stem Academy Charter School No 4264?
Gateway Stem Academy Charter School No 4264 is a nonprofit institution situated in Burnsville, Minnesota. With a strong focus on STEM education, the school expanded its programming in its fourth year to cater to more underserved communities. Employing a team of 50 individuals, the school's primary mission is to provide a high-quality STEM education for students in grades K-6 in the Burnsville area. The school's activities aim to bridge the educational gap in STEM subjects for underprivileged communities, thereby fostering a strong foundation in these subjects from a young age.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Gateway Stem Academy Charter School No 4264 has earned a Three-Star rating from Charity Navigator, which highlights its strong commitment to accountability and financial management. The overall score is derived solely from its Accountability & Finance metrics, where it received a score of 79%. The organization demonstrates solid governance practices, including having a majority of independent board members and comprehensive audit oversight.
Strengths of the organization include a high program expense ratio of 86.46%, indicating that a significant portion of its budget is dedicated to programs rather than administrative costs. This suggests a focus on delivering educational services effectively. Additionally, the presence of well-defined policies regarding conflicts of interest, whistleblower protections, and document retention demonstrates a commitment to transparency and ethical governance.
However, the organization faces a notable challenge with a liabilities to assets ratio of 129.69%, which is a red flag indicating potential financial instability. While its accountability practices are commendable, this high ratio may raise concerns about the school’s long-term financial health and ability to manage its obligations effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Stem Academy Charter School No 4264 legitimate?
Gateway Stem Academy Charter School No 4264 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Stem Academy Charter School No 4264 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: $229,904
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,465,834
For more financial information, click here
What is the mission statement of Gateway Stem Academy Charter School No 4264?
Gateway Stem Academy Charter School No 4264's mission is centered around offering a STEM (Science, Technology, Engineering, and Mathematics) education to underprivileged populations in grades K-6. Located in an unspecified area, the school extends its reach beyond its immediate vicinity to cater to the needs of underserved communities. In its fourth year, the academy expanded its programming to incorporate more STEM subjects and broaden its impact within these communities.
Who is the CEO of Gateway Stem Academy Charter School No 4264?
Ed Fellows is the Board Chair of Gateway Stem Academy Charter School No 4264.
What is the revenue of Gateway Stem Academy Charter School No 4264?
Gateway Stem Academy Charter School No 4264's revenue in 2022 was $4,538,522.
Who are the executives of Gateway Stem Academy Charter School No 4264 and what are their salaries?
The average compensation at Gateway Stem Academy Charter School No 4264 during 2022 was $33,915. There are 50 employees and 6 volunteers at Gateway Stem Academy Charter School No 4264.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $42,675
- Related: $0
- Other: $12,472
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $98,296
- Related: $0
- Other: $8,096
- Compensation: $107,585
- Related: $0
- Other: $13,803
Where can I find the form 990 for Gateway Stem Academy Charter School No 4264?
Gateway Stem Academy Charter School No 4264's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Stem Academy Charter School No 4264
Gateway Stem Academy Charter School No 4264 is dedicated to delivering a high-quality STEM education to underserved populations in the primary school grades. Located in the Burnsville area, this nonprofit organization's mission is to extend its reach and provide a comprehensive STEM curriculum to children who may otherwise not have access to such educational opportunities. In its fourth year of operation, Gateway STEM Academy has expanded its programming, focusing on increasing the availability and quality of STEM education within the community.
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Impact
July, 2024
Gateway Stem Academy Charter School No 4264 has made a significant impact by providing a STEM education for underserved populations in grades K-6 in the Burnsville area. As the school has grown its programming over the years, it has been able to reach more students in need of quality STEM education. By focusing on underserved communities, Gateway Stem Academy is helping to bridge the educational gap and provide opportunities for students who may not have had access to such resources otherwise. Through its mission to provide a STEM education to underserved populations, this school is making a positive difference in the lives of students in Burnsville and surrounding areas.
This information is meant to be a general summary of Gateway Stem Academy Charter School No 4264. 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: $175
- Program Service Revenue: $429,408
- Gross Receipts: $4,538,522
Assets and Liabilities:
- Total Assets: $2,418,487
- Total Liabilities: $2,220,006
- Net Assets: $198,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food Sales
Revenue
$428,030
Fees for Services
Revenue
$1,378
Organization Details
Founding Year
2017
Phone
(952) 206-4050Principal Officer
Ed Fellows
Main Address
12119 16th Ave S, Burnsville, MN, 55337
NTEE Category
Code: B29 - Education
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