Gateways Academy Inc
- Assets
- $78.0k
- Revenue
- $221.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Shrewsbury, MA
- Founding
- Data as of
- 06/2022
- EIN
- 85-2653643
Organization Overview
Gateways Academy Inc is located in Shrewsbury, MA. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Gateways Academy Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateways Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE EDUCATION TO DIVERSE STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH EDUCATION, WE PROMOTE EACH CHILD TO REALIZE THEIR INDIVIDUAL GIFTS AND POTENTIAL WITH LIFE-LONG LEARNING SKILLS AND CREATE PATHS FOR INDIVIDUAL SUCCESS.
TO MOTIVATE EACH CHILD CULTURALLY, ACADEMICALLY AND SOCIALLY IN A STRUCTURED ENVIRONMENT.
PART IX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Varney Director/vice President | Officer | 40 | $30,000 |
Cynthia Ahearn Cfo/treasurer | Officer | 40 | $19,000 |
Cindi Sprow Ceo/president | Officer | 40 | $19,000 |
Monica Campbell Clerk | Officer | 40 | $19,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,763 |
| Total Program Service Revenue | $161,519 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $67 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,254 |
| 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. | $87,000 |
| Compensation of current officers, directors, key employees. | $17,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,283 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,025 |
| Fees for services: Management | $7,799 |
| 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 | $0 |
| Advertising and promotion | $6,076 |
| Office expenses | $1,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,996 |
| 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 | $4,919 |
| Insurance | $3,724 |
| All other expenses | $0 |
| Total functional expenses | $253,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,419 |
| Savings and temporary cash investments | $43,029 |
| 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 | $23,583 |
| Total assets | $78,031 |
| 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 | $78,031 |
| 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 | $78,031 |
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