Overview
What is Gateway Academy Services?
Gateway Academy Services is a nonprofit organization situated in Gloucester, Virginia, specifically at 7639 Crab Thicket Road. Their primary objective is to provide a nurturing educational environment for children who struggle with learning difficulties that are not easily addressed in a public school setting. With a team of 21 dedicated individuals, they operate as a private day school, offering specialized education to help these children overcome their challenges and reach their full potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating. This rating reflects Gateway Academy Services' performance in terms of accountability and finance. A score of 64 indicates that while the organization demonstrates some financial responsibility, there are significant areas for improvement, particularly in transparency and governance.
One notable strength of Gateway Academy Services is its high program expense ratio of 97.94%, suggesting that the vast majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization maintains a low liabilities to assets ratio of 9.85%, indicating sound financial health in terms of its obligations. The presence of policies such as conflict of interest, whistleblower, and document retention further highlights a commitment to ethical standards.
However, the organization falls short in several critical areas. Notably, it has no independent board members, which can raise concerns about governance and oversight. The absence of financial statements on its website and the missing tax form further compromise transparency, limiting stakeholders' ability to fully understand its financial status. Overall, while Gateway Academy Services shows strengths in program expenditure and financial health, improvements in governance and transparency are essential for future ratings and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Academy Services legitimate?
Gateway Academy Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Academy Services 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: $178,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $379,906
For more financial information, click here
What is the mission statement of Gateway Academy Services?
Gateway Academy Services is committed to providing a therapeutic educational environment for children with learning disabilities who struggle to thrive in a public school setting. Their mission is to cater to these young individuals, ensuring they receive the necessary support and education that is tailored to their unique learning needs. The academy strives to foster an inclusive and nurturing atmosphere, where students can grow and develop at their own pace, ultimately empowering them to reach their full potential.
Who is the CEO of Gateway Academy Services?
James Montgomery Director is the President of Gateway Academy Services.
What is the revenue of Gateway Academy Services?
Gateway Academy Services's revenue in 2022 was $1,121,386.
Who are the executives of Gateway Academy Services and what are their salaries?
The average compensation at Gateway Academy Services during 2022 was $26,583. There are 21 employees at Gateway Academy Services.
Here are 2 key members and their salaries:
- Compensation: $123,000
- Related: $0
- Other: $0
- Compensation: $58,333
- Related: $0
- Other: $0
Where can I find the form 990 for Gateway Academy Services?
Gateway Academy Services's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Academy Services
Gateway Academy Services, a private day school, is dedicated to providing a therapeutic educational environment for children who struggle with learning disabilities. These difficulties often go unaddressed in a public school setting. The organization's mission is to create an environment that caters to the unique needs of these youth, enabling them to overcome their learning challenges and thrive academically. By offering a specialized educational approach, Gateway Academy Services aims to empower these children, helping them to reach their full potential.
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Impact
July, 2024
Gateway Academy Services has a significant impact by providing a therapeutic educational environment for youth with learning difficulties that are not easily addressed in a public school setting. This helps children with learning disabilities receive specialized education and support to reach their full potential. Ultimately, Gateway Academy Services plays a crucial role in ensuring that these children have access to quality education and tools to succeed despite their challenges.
This information is meant to be a general summary of Gateway Academy Services. 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.
- Program Service Revenue: $1,120,274
- Gross Receipts: $1,121,386
Assets and Liabilities:
- Total Assets: $399,393
- Total Liabilities: $39,366
- Net Assets: $360,027
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXEMPT PURPOSE
Revenue
$1,120,274
Organization Details
Founding Year
2020
Principal Officer
James Montgomery Director
Main Address
7639 CRAB THICKET RD, GLOUCESTER, VA, 23061
NTEE Category
Code: B28 - Education
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