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← GATEWAY BUILDING ASSOCIATION

Form 990 for tax year 2024

Filed by GATEWAY BUILDING ASSOCIATION.

Totals

Total revenue
$2,284,926
Total expenses
$25,841
Contributions and grants received
$4,000
Grants paid
$0
Program service revenue
$18,460
Investment income
$2,262,466
Other revenue
$0
Total assets, end of year
$1,123,195
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,123,195
Program services expenses (Part IX)
$25,841
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$25,841

Program services were 100.0% 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.

  • 1d · Related organizations

    $4,000

  • 2a · Program service revenue: Rental of Facilities

    total $18,460 · related or exempt $18,460

  • 7a · Gross sales of assets other than inventory

    other assets $2,530,000

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

    other assets $267,534

  • 7c · Gain or loss

    other assets $2,262,466

  • 7d · Net gain or loss

    total $2,262,466 · related or exempt $2,262,466

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $244 · program services $244

  • 13 · Office expenses

    total $100 · program services $100

  • 16 · Occupancy

    total $20,110 · program services $20,110

  • 23 · Insurance

    total $5,075 · program services $5,075

  • 24a · Other expenses: Bank Fees

    total $312 · program services $312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,710 · end of year $1,459

  • 7 · Other notes and loans receivable

    end of year $1,121,736

  • 10c · Land, buildings and equipment, net

    beginning of year $51,500

  • 31 · Retained earnings, endowment or other funds

    beginning of year $53,210 · end of year $1,123,195

Mission and programs · 2024

Mission

Gateway Building Association operates exclusively as a supporting organization of the Brea Lodge No. 339, an exempt organization under 501(c)10.

  • Gateway Building Association operates exclusively as a supporting organization of the Brea Lodge No. 339, an exempt organization under 501(c)10.

    Expenses $25,841

As filed on the 2024 return.

Listed in Part VII

  • Rudolfo Penalosa

    Treasurer

    Total calculated
    $0
    Hours/week
    6

  • John Tomlinson

    President

    Total calculated
    $0
    Hours/week
    4

  • Shan Kulasingam

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Charles Streitz

    Secretary

    Total calculated
    $0
    Hours/week
    4

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • Corner Escrow

    $2,530,000

    Disposition · Sale of Building · Nov 13, 2024 · Title Company

  • F&AM of CA Brea Lodge 339

    $1,189,100

    Disposition · Net Surplus Transferred to Brea Lodge 339 formerly Gateway 339 · Dec 16, 2024 · 501 c 10

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349315563

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