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Nonprofiteer
← GW FOUNDATION INC

Form 990 for tax year 2023

Filed by GW FOUNDATION INC.

Totals

Total revenue
$8,566,635
Total expenses
$1,371,913
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,191,205
Investment income
$2,375,430
Other revenue
$0
Total assets, end of year
$117,232,962
Total liabilities, end of year
$11,289
Net assets or fund balances, end of year
$117,221,673
Program services expenses (Part IX)
$1,196,411
Management and general expenses
$175,502
Fundraising expenses
$0
Program service expenses (Part III)
$1,196,411

Program services were 87.2% 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.

  • 2a · Program service revenue: Program Service/Rental Income

    total $6,191,205 · related or exempt $6,191,205

  • 3 · Investment income

    total $1,424,353 · excluded $1,424,353

  • 7a · Gross sales of assets other than inventory

    securities $22,731,727

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

    securities $21,780,650

  • 7c · Gain or loss

    securities $951,077

  • 7d · Net gain or loss

    total $951,077 · excluded $951,077

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $56,548 · program services $56,548

  • 8 · Pension plan contributions

    total $1,165 · program services $1,165

  • 9 · Other employee benefits

    total $5,554 · program services $5,554

  • 10 · Payroll taxes

    total $4,565 · program services $4,565

  • 11a · Fees: management

    total $9,900 · program services $9,900

  • 11f · Fees: investment management

    total $175,502 · management and general $175,502

  • 11g · Fees: other

    total $12,711 · program services $12,711

  • 13 · Office expenses

    total $520 · program services $520

  • 16 · Occupancy

    total $73,556 · program services $73,556

  • 17 · Travel

    total $2,246 · program services $2,246

  • 22 · Depreciation, depletion and amortization

    total $1,029,646 · program services $1,029,646

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $662,697 · end of year $751,604

  • 4 · Accounts receivable

    beginning of year $0 · end of year $3,134

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,000

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

    $51,095,830

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

    $38,097,659

  • 10c · Land, buildings and equipment, net

    beginning of year $11,255,742 · end of year $12,998,171

  • 11 · Investments: publicly traded securities

    beginning of year $55,795,102 · end of year $60,921,159

  • 15 · Other assets

    beginning of year $38,351,859 · end of year $42,557,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,511 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,289 · end of year $1,289

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $105,969,600 · end of year $117,221,673

Mission and programs · 2023

Mission

G.W. Foundation, Inc. is a national, non-profit organization committed to reducing substance abuse and co-occurring mental health problems through effective and efficient treatment programs.

  • G.W. Foundation, Inc. holds the investments, indebtedness and property of its tax-exempt related organizations. The related entities are 501(c)(3) organizations that provide drug and alcohol prevention and rehabilitation services through residential and outpatient programs and facilities.

    Expenses $1,196,411 · Revenue $6,191,205

As filed on the 2023 return.

Listed in Part VII

  • Patricia Aitken

    CHRO (Until 5/14/24)

    Total calculated
    $419,842
    From this org
    $0
    From related orgs
    $398,636
    Other
    $21,206
    Hours/week
    1.33 + 36.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $240,671 related
    Bonus
    $0 + $155,406 related
    Other
    $0 + $2,559 related
    Deferred
    $0 + $7,347 related
    Nontaxable benefits
    $0 + $16,718 related
    Filer's total
    $0 + $422,701 related

  • Arla Lach

    Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Julie Brady

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Ivy Walker

    Secretary

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Jeremy Klemanski

    President & CEO

    Total calculated
    $797,557
    From this org
    $0
    From related orgs
    $769,938
    Other
    $27,619
    Hours/week
    1.33 + 36.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $571,477 related
    Bonus
    $0 + $171,500 related
    Other
    $0 + $26,961 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,810 related
    Filer's total
    $0 + $799,748 related

  • Tomas Del Rio

    CFO

    Total calculated
    $497,663
    From this org
    $0
    From related orgs
    $463,740
    Other
    $33,923
    Hours/week
    1.33 + 36.67 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,357 related
    Bonus
    $0 + $181,429 related
    Other
    $0 + $2,954 related
    Deferred
    $0 + $8,570 related
    Nontaxable benefits
    $0 + $27,945 related
    Filer's total
    $0 + $500,255 related

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

None.

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

The filer's explanations (Part III)

Part I, Line 3
The Board of Directors of the Gateway Foundation, Inc., a related organization, through their Executive Committee, develops the compensation plan for the executive staff and establishes appropriate salary ranges and other features of the compensation plan. Gateway Foundation, Inc. has used compensation surveys and independent consultants in 2008, 2012, 2013, and 2019. The Chief Executive Officer's compensation is determined by the Executive Committee. Salaries for the other members of the executive staff are developed by the CEO, within approved parameters, and are approved by the Executive Committee. All Executive Committee members are free of conflict, and are required to disclose any potential conflicts at each meeting prior to taking action on any item. Committee meeting minutes include the Committee members' conflict of interest disclosure responses; should a Committee member disclose a potential conflict, the Committee member is recused, if deemed appropriate by the remainder of the Committee members, and abstains from voting.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 February 2025
IRS schema version
2023v6.0
Source object
202540389349301334

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