Gateway Industries Inc
- Assets
- $1.4m
- Revenue
- $976.7k
- Investments
- $0.0
- Employees
- 65
- Location
- Ronceverte, WV
- Founding
- 08/1980
- Data as of
- 06/2022
- EIN
- 55-0590745
Organization Overview
Gateway Industries Inc is located in Ronceverte, WV. The organization was established in 1980. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Gateway Industries Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Industries 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, Gateway Industries Inc generated $976.7k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 3 years. 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
WORK SKILLS TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THE DISABLED "HELPING PEOPLE HELP THEMSELVES"
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 56 CLIENTS WERE CONTINUALLY BEING TRAINED IN SKILLS TO ENABLE THEM TO ENTER A COMPETITIVE EMPLOYMENT OPPORTUNITY IN THE COMMUNITY OR WORK SKILLS TO KEEP THEM EMPLOYED AT OUR CURRENT FACILITY. 3 CLIENTS HAVE BEEN PLACED LAST YEAR INTO FULL AND PART-TIME POSITIONS OUTSIDE THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Cantrell-Massie Executive Director | Officer | 40 | $71,748 |
Aaron Ambler Director | Trustee | 5 | $0 |
Martha Fleshman Director | Trustee | 5 | $0 |
Chris Glover Director | Trustee | 5 | $0 |
Cathy Pittsenbarger Director | Trustee | 5 | $0 |
Jeremy Styles Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,827 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,320 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,239 |
| Total Program Service Revenue | $680,113 |
| Investment income | $336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,246 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $976,726 |
| 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. | $71,748 |
| Compensation of current officers, directors, key employees. | $35,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,766 |
| Payroll taxes | $62,454 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,622 |
| Information technology | $6,502 |
| Royalties | $0 |
| Occupancy | $14,663 |
| Travel | $846 |
| 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 | $47,421 |
| Insurance | $35,566 |
| All other expenses | $9,711 |
| Total functional expenses | $1,037,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,963 |
| Savings and temporary cash investments | $216,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,423 |
| Prepaid expenses and deferred charges | $15,471 |
| Net Land, buildings, and equipment | $738,268 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,379,485 |
| Accounts payable and accrued expenses | $15,764 |
| 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 | $15,764 |
| Net assets without donor restrictions | $1,359,813 |
| Net assets with donor restrictions | $3,908 |
| 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 | $1,379,485 |