Mv Gate Inc
- Assets
- $30.5k
- Revenue
- $183.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Mill Valley, CA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1269141
Organization Overview
Mv Gate Inc is located in Mill Valley, CA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mv Gate 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 12/2021, Mv Gate Inc generated $183.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $252.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MVGATE INC IS AN EDUCATIONAL NONPROFIT THAT HELPS PARENTS AND COMMUNITIES IN MILL VALLEY AND NEARBY NEIGHBORHOODS PROVIDE ADVANCED LEARNING OPPORTUNITIES TO CHILDREN WHO DESIRE AND NEED MORE EDUCATIONAL CHALLENGES THAN TRADITIONAL SCHOOLING PROVIDES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 MVGATE'S NEWER PROGRAM CS IS ELEMENTARY FORMERLY FAMILY CODE NIGHT CONTINUED TO EXTEND ITS NATIONAL REACH AND IMPACT ADDING PUERTO RICO. CSIE HELPS SCHOOLS OFFER THEIR OWN FAMILY CODE NIGHTS AND RELATED K-8 COMPUTER SCIENCE LEARNING PROGRAMS. IT HAS BEEN FEATURED ON THE FRONT PAGE OF THE SUNDAY NEW YORK TIMES ON THE WHITE HOUSE WEBSITE AND AT THE 2016 WHITE HOUSE COMPUTER SCIENCE FOR ALL SUMMIT. THE PROGRAM CAN BE RUN BY ANY SCHOOL WITH NO SPECIAL RESOURCES OR TRAINING AND AT VIRTUALLY NO EXPENSE TO THE SCHOOL USING A CSIE EVENT KIT CREATED AND PROVIDED FOR FREE BY MVGATE OR AS A LIVESTREAM EXPERIENCE OFFERED TO MANY SCHOOLS AND FAMILIES AT ONCE. THOUSANDS OF EVENT KITS HAVE BEEN DISTRIBUTED TO PRINCIPALS PARENTS AND EDUCATORS AND THOUSANDS OF FAMILY CODE NIGHTS HAVE BEEN HELD FOR TENS OF THOUSANDS OF PARTICIPANTS. DURING 2021 CSIE CONTINUED AN EFFECTIVE STATEWIDE SCHOOL-RECRUITMENT MODEL WITH PLANS TO PARTNER WITH SCHOOLS DISTRICTS AND SCORES OF STATES NATIONWIDE.
2021 WAS A CHALLENGING YEAR FOR MVGATE-CORE. ITS TRADITIONAL IN-PERSON LOCAL EDUCATIONAL ACTIVITIES BOTH IN-SCHOOL AND OUT-OF-SCHOOL WERE ABRUPTLY ENDED IN MARCH 2020 BY CALIFORNIA'S COVID-19 STATE OF EMERGENCY AND LOCKDOWN. ALL KEY PARTNERS ALSO SUSPENDED IN-PERSON OPERATIONS. SOME EDUCATIONAL ACTIVITIES DID NOT RESTART; OTHERS MOVED ONLINE. IN TWO CASES THE MOVE ONLINE ALLOWED CORE TO EXPAND: ITS ADVANCED COMPUTER SCIENCE SUMMER PROGRAM SERVING MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS ADDED A WEEK-LONG INTENSIVE PROGRAMMING CLASS; AND ITS ADVANCED MATH PROGRAM ADDED MARIN'S ONLY OPEN SESSION OF THE AMERICAN MATHEMATICS COMPETITION FOR HIGH SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Pearce Director | OfficerTrustee | 60 | $96,000 |
Jeff Leane Director | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,500 |
| Total Program Service Revenue | $13,091 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,814 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,798 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $252,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,453 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $30,453 |
| 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 | $30,453 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mv Gate Inc has recieved totaling $105,362.
| Awarding Organization | Amount |
|---|---|
Infosys Foundation Usa New York, NY PURPOSE: FOR STUDENT EDUCATION | $105,000 |
The Bunnie And Jerome Sachs Family Foundation Mill Valley, CA PURPOSE: CHARITABLE | $350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |