Gateway Community Charters Foundation
- Assets
- $71.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- McClellan, CA
- Founding
- 01/2015
- Data as of
- 06/2023
- EIN
- 46-4130399
Organization Overview
Gateway Community Charters Foundation is located in McClellan, CA. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Community Charters Foundation 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 06/2023, Gateway Community Charters Foundation generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $50.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE GATEWAY COMMUNITY CHARTERS FOUNDATION (FOUNDATION) WAS CREATED TO PROVIDE PHILANTHROPIC SUPPORT FOR STUDENTS, STAFF, AND FAMILIES PRIMARILY WHO ARE SERVED BY THE GATEWAY COMMUNITY CHARTERS (GCC). THE GCC IS AN ORGANIZATION THAT OPERATES NINE CHARTER SCHOOLS AND SERVES OVER 5,200 STUDENTS IN THE GREATER SACRAMENTO AREA. THE FOUNDATION WORKS TO SUPPORT THE NEEDS OF THESE SCHOOLS THAT ARE OTHERWISE NOT COVERED BY STATE AND FEDERAL DOLLARS. ACCORDING TO DATA FROM THE US CENSUS, 84% OF THE STUDENT POPULATION OF GCC COME FROM COMMUNITIES THAT ARE CONSIDERED LOW INCOME AND HIGH POVERTY. EACH OF THE GCC SCHOOLS HAS ITS OWN UNIQUE MISSION AND VISION BUT ALL OF THE SCHOOLS SERVE TRADITIONALLY UNDERSERVED STUDENT POPULATIONS. EACH SCHOOL HAS A FREE AND REDUCED LUNCH POPULATION OF 75 PERCENT OR HIGHER WITH LARGE NUMBERS OF ENGLISH LANGUAGE LEARNERS. FOUR OF THE SCHOOLS SERVE PRIMARY NINTH THROUGH TWELFTH-GRADE STUDENTS WHO ARE CREDIT DEFICIENT AND HAVE OTHER RISK FACTORS SUCH AS HOMELESSNESS, TEEN PREGNANCY, PROBATION, OR FOSTER YOUTH. THE FOUNDATION RAISES FUNDS TO SUPPORT STUDENTS LEARNING THROUGH FUNDING EDUCATIONAL FIELD TRIPS, INSTRUCTIONAL MATERIALS, AND SUPPLIES, ATHLETIC PROGRAM COSTS, AND INSTRUCTIONAL PROGRAM SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Anderson Chair | 1 | $0 | |
Jason Sample Secretary | 1 | $0 | |
Alam Hom Vice Chair | 1 | $0 | |
Feruza Burhan Member | 1 | $0 | |
Cindy Petersen President | 1 | $0 | |
Alex Ushakov Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,595 |
| Total Program Service Revenue | $621 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,765 |
| Other Revenue | $0 |
| Total Revenue | $29,981 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,883 |
| Total expenses | $50,182 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,407 |
| Other assets | $0 |
| Total assets | $71,725 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,725 |