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Nonprofiteer
← GATEWAY WELLNESS FOUNDATION

Form 990 for tax year 2022

Filed by GATEWAY WELLNESS FOUNDATION.

Totals

Total revenue
$1,412,046
Total expenses
$1,328,188
Contributions and grants received
$1,260,513
Grants paid
$822,762
Program service revenue
$0
Investment income
$149,533
Other revenue
$2,000
Total assets, end of year
$16,638,622
Total liabilities, end of year
$1,257,825
Net assets or fund balances, end of year
$15,380,797
Program services expenses (Part IX)
$1,019,943
Management and general expenses
$136,215
Fundraising expenses
$172,030
Program service expenses (Part III)
$1,019,943

Program services were 76.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,260,513

  • 3 · Investment income

    total $347,965 · excluded $347,965

  • 7a · Gross sales of assets other than inventory

    securities $6,152,088

  • 7b · Less cost or other basis and sales expenses

    securities $6,350,520

  • 7c · Gain or loss

    securities -$198,432

  • 7d · Net gain or loss

    total -$198,432 · related or exempt -$198,432

  • 11a · Other revenue: OTHER INCOME

    total $2,000 · related or exempt $2,000

  • 11e · Other revenue, total

    $2,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $822,762 · program services $822,762

  • 7 · Other salaries and wages

    total $311,046 · program services $155,523 · management and general $93,314 · fundraising $62,209

  • 9 · Other employee benefits

    total $56,598 · program services $28,299 · management and general $16,979 · fundraising $11,320

  • 10 · Payroll taxes

    total $24,676 · program services $12,338 · management and general $7,403 · fundraising $4,935

  • 11b · Fees: legal

    total $3,500 · management and general $560 · fundraising $2,940

  • 11c · Fees: accounting

    total $27,335 · management and general $4,374 · fundraising $22,961

  • 11g · Fees: other

    total $1,030 · management and general $165 · fundraising $865

  • 12 · Advertising and promotion

    total $1,548 · management and general $248 · fundraising $1,300

  • 13 · Office expenses

    total $25,999 · management and general $4,160 · fundraising $21,839

  • 14 · Information technology

    total $5,723 · management and general $916 · fundraising $4,807

  • 15 · Royalties

    total $7,465 · management and general $1,194 · fundraising $6,271

  • 17 · Travel

    total $2,041 · program services $1,021 · management and general $612 · fundraising $408

  • 20 · Interest

    total $11,658 · management and general $1,865 · fundraising $9,793

  • 22 · Depreciation, depletion and amortization

    total $13,267 · management and general $2,123 · fundraising $11,144

  • 23 · Insurance

    total $1,123 · management and general $180 · fundraising $943

  • 24a · Other expenses: PURCHASED SERVICES

    total $4,588 · management and general $734 · fundraising $3,854

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $4,566 · management and general $731 · fundraising $3,835

  • 24c · Other expenses: FOOD

    total $2,608 · management and general $418 · fundraising $2,190

  • 24d · Other expenses: POSTAGE

    total $317 · management and general $51 · fundraising $266

  • 24e · All other expenses

    total $338 · management and general $188 · fundraising $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $905,545 · end of year $188,251

  • 3 · Pledges and grants receivable

    beginning of year $4,000

  • 4 · Accounts receivable

    beginning of year $4,569 · end of year $66,384

  • 7 · Other notes and loans receivable

    beginning of year $75,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,600 · end of year $1,427

  • 10a · Land, buildings and equipment: cost or other basis

    $561,114

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,198

  • 10c · Land, buildings and equipment, net

    beginning of year $490,813 · end of year $546,916

  • 11 · Investments: publicly traded securities

    beginning of year $16,283,588 · end of year $13,861,451

  • 15 · Other assets

    beginning of year $439,400 · end of year $1,974,193

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,104 · end of year $74,640

  • 23 · Secured mortgages and notes payable

    beginning of year $357,938 · end of year $351,662

  • 25 · Other liabilities

    beginning of year $120,000 · end of year $831,523

  • 27 · Net assets without donor restrictions

    beginning of year $17,327,672 · end of year $14,773,165

  • 28 · Net assets with donor restrictions

    beginning of year $343,801 · end of year $607,632

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE AND COMMUNITIES WITHIN ALL COUNTIES OF WESTERN NORTH CAROLINA.

Activities or mission (Part I)

OUR MISSION IS CENTERED IN THE HEALTH AND WELLBEING OF OUR WESTERN NORTH CAROLINA COMMUNITY. THROUGH INTENTIONAL PARTNERSHIPS AND COLLABORATIONS, GATEWAY WELLNESS IMPROVES AND SUPPORTS QUALITY OF LIFE IN WNC BY PROMOTING WELLNESS OPPORTUNITIES AMONG ORGANIZATIONS FOR PEOPLE WE SERVE REGIONALLY.

  • THROUGH INTENTIONAL PARTNERSHIPS AND COLLABORATIONS, GATEWAY WELLNESS FOUNDATION WORKS TO IMPROVE AND SUPPORT THE QUALITY OF LIFE IN WESTERN NORTH CAROLINA BY ADDRESSING THE SOCIAL DETERMINANTS OF HEALTH AND PROVIDING FUNDING TO NONPROFIT ORGANIZATIONS THAT SEEK SOLUTIONS TO HEALTH AND WELLNESS OBSTACLES FOR THE RESIDENTS OF WNC. FUNDING FOR 2019 WAS FOCUSED ON PROJECTS RELATED TO ACCESS TO HEALTHCARE, EARLY CHILDHOOD DEVELOPMENT, FOOD INSECURITY AND HOUSING.

    Expenses $1,019,943 · Grants $822,762 · Revenue -$196,432

As filed on the 2022 return.

Listed in Part VII

  • Rebecca Cross

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hill Evans

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katrina Blumetti

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leon Godlock

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Kennedy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Norman Guthrie

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Kerry Davis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marion Baker

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Neil Gurney

    PRESIDENT

    Total calculated
    $172,961
    From this org
    $155,665
    From related orgs
    $0
    Other
    $17,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,665
    Bonus
    $0
    Other
    $0
    Deferred
    $2,920
    Nontaxable benefits
    $14,376
    Filer's total
    $172,961

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GATEWAY INVESTMENTS LLC

    ASSIST GATEWAY WELLNESS FOUNDATION WITH INVESTMENT ASSETS · NC · income $0 · assets $0

    Directly controlled by GATEWAY WELLNESS FOUNDATION INC

  • HOME REPAIR PARTNERSHIP LLC

    EMERGENCY HOME REPAIRS FOR LOW INCOME FAMILIES · NC · income $144,150 · assets $385,411

    Directly controlled by GATEWAY WELLNESS FOUNDATION INC

  • GATEWAY HOUSING LLC

    HOUSING PROJECTS FOR LOW INCOME FAMILIES · NC · income $450,000 · assets $2,153,430

    Directly controlled by GATEWAY WELLNESS FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202311999349300431

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