Newgate Education & Research Center Inc
- Assets
- $5.2m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Minneapolis, MN
- Founding
- 03/1976
- Data as of
- 06/2022
- EIN
- 41-1261358
Organization Overview
Newgate Education & Research Center Inc is located in Minneapolis, MN. The organization was established in 1976. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Newgate Education & Research Center Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newgate Education & Research Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Newgate Education & Research Center Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST MINNESOTA CITIZENS IN BECOMING SUCCUSSFULLY EMPLOYED BY PROVIDING EDUCATION, VOCATIONAL TRAINING, EMPLOYMENT PLACEMENT, AND OTHER SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES UNEMPLOYED OR UNDEREMPLOYED PERSONS WITH VOCATIONAL SKILLS, A WORK ETHIC AND THE PERSONAL CONFIDENCE NEEDED TO SUCCEED IN A CAREER OCCUPATION IN THE AUTOMOTIVE REPAIR TECHNOLOGY AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blythe Severson Secretary | OfficerTrustee | 40 | $93,232 |
Gary L Clark President | OfficerTrustee | 1 | $0 |
Warren Peterson Treasurer | OfficerTrustee | 1 | $0 |
Robert Zins Vice President | OfficerTrustee | 1 | $0 |
Randy Jensen Board Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $252,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,087,103 |
| Noncash contributions included in lines 1a–1f | $839,076 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,339,603 |
| Total Program Service Revenue | $2,686,271 |
| Investment income | $19,915 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,084,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,643 |
| Compensation of current officers, directors, key employees. | $28,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $709,558 |
| Pension plan accruals and contributions | $30,415 |
| Other employee benefits | $158,659 |
| Payroll taxes | $71,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $21,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,989 |
| Fees for services: Other | $27,001 |
| Advertising and promotion | $396,968 |
| Office expenses | $97,233 |
| Information technology | $20,847 |
| Royalties | $0 |
| Occupancy | $74,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,951 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,089 |
| Insurance | $66,871 |
| All other expenses | $12,971 |
| Total functional expenses | $3,602,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,264 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $301,360 |
| Prepaid expenses and deferred charges | $64,725 |
| Net Land, buildings, and equipment | $2,521,859 |
| Investments—publicly traded securities | $1,667,094 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,193,391 |
| Accounts payable and accrued expenses | $118,276 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $204,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $323,052 |
| Net assets without donor restrictions | $4,870,339 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,193,391 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Newgate Education & Research Center Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Sundance Family Foundation St Paul, MN PURPOSE: SEE ATTACHMENT 1 | $20,000 |
James B Linsmayer Foundation Tr Las Vegas, NV PURPOSE: GENERAL OPERATING | $10,000 |
The Walser Foundation Edina, MN PURPOSE: GRANT - GENERAL OPERATING | $10,000 |
Max & Victoria Dreyfus Foundation Washington, DC PURPOSE: TUITION-FREE TRAINING PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Summit Academy Oic Minneapolis, MN | $17,542,372 | $16,544,974 |
Groves Academy St Louis Park, MN | $27,486,120 | $17,504,895 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Northeast Residence Inc White Bear Lake, MN | $10,561,990 | $9,409,360 |
Metro Deaf School Inc Saint Paul, MN | $5,404,852 | $8,171,369 |
Lake Region Corporation Devils Lake, ND | $4,659,780 | $9,506,457 |
Shepherds Baptist Ministries Inc Union Grove, WI | $10,932,314 | $7,438,958 |
New Century School St Paul, MN | $4,915,885 | $6,864,275 |
Phoenix Alternatives Inc White Bear Lake, MN | $5,941,141 | $7,421,750 |
Laura Baker School Association Northfield, MN | $5,414,331 | $5,578,294 |
A Chance To Grow Inc Minneapolis, MN | $4,925,101 | $6,534,279 |