Form 990 for tax year 2022
Filed by GATEWAY COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $416,951
- Total expenses
- $1,561,914
- Contributions and grants received
- $373,494
- Grants paid
- $1,372,873
- Program service revenue
- $0
- Investment income
- $33,132
- Other revenue
- $10,325
- Total assets, end of year
- $2,642,526
- Total liabilities, end of year
- $149,117
- Net assets or fund balances, end of year
- $2,493,409
- Program services expenses (Part IX)
- $1,545,598
- Management and general expenses
- $16,316
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,545,598
Program services were 99.0% 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.
-
1f · All other contributions, gifts and grants
$373,494
-
3 · Investment income
total $33,132 · unrelated business $0 · excluded $33,132
-
8a · Fundraising events: gross income
$77,286
-
8b · Fundraising events: direct expenses
$66,961
-
8c · Net income from fundraising events
total $10,325 · unrelated business $0 · excluded $10,325
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,372,873 · program services $1,372,873
-
11c · Fees: accounting
total $9,873 · program services $0 · management and general $9,873 · fundraising $0
-
20 · Interest
total $11,149 · program services $11,149 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,264 · program services $0 · management and general $2,264 · fundraising $0
-
24a · Other expenses: ADMINISTRATIVE
total $4,179 · program services $0 · management and general $4,179 · fundraising $0
-
24b · Other expenses: PRESIDENT'S DISCRETIONARY FUND
total $2,136 · program services $2,136 · management and general $0 · fundraising $0
-
24c · Other expenses: EMPLOYEE DEVELOPMENT
total $1,470 · program services $1,470 · management and general $0 · fundraising $0
-
24d · Other expenses: OTHER PROGRAMS
total $157,970 · program services $157,970 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,877 · end of year $118,238
-
3 · Pledges and grants receivable
beginning of year $33,250 · end of year $18,250
-
4 · Accounts receivable
beginning of year $27,214 · end of year $27,688
-
12 · Investments: other securities
beginning of year $3,454,937 · end of year $2,469,411
-
15 · Other assets
beginning of year $55,840 · end of year $8,939
-
17 · Accounts payable and accrued expenses
beginning of year $23,700 · end of year $29,543
-
19 · Deferred revenue
beginning of year $57,254 · end of year $59,304
-
25 · Other liabilities
beginning of year $86,318 · end of year $60,270
-
27 · Net assets without donor restrictions
beginning of year $30,190 · end of year $97,815
-
28 · Net assets with donor restrictions
beginning of year $3,542,656 · end of year $2,395,594
Mission and programs · 2022
Mission
THE FOUNDATION WAS FORMED TO STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR GATEWAY COMMUNITY AND TECHNICAL COLLEGE.
-
STUDENT ASSISTANCE - THE FOUNDATION PROVIDES FUNDS FOR DIRECT STUDENT ASSISTANCE THROUGH SPONSORSHIPS AND SCHOLARSHIPS. FINANCIAL ISSUES OFTEN ARE CITED AS BARRIERS TO COMPLETION AND THE FOUNDATION SUPPORTS STUDENTS SO THEY ARE ABLE TO STAY IN COLLEGE AND GRADUATE.
Expenses $427,188 · Grants $70,287
-
COLLEGE FINANCIAL SUPPORT - PROVIDING FINANCIAL SUPPORT FOR ACTIVITIES AND PROJECTS THAT ADVANCE THE MISSION OF GATEWAY COMMUNITY AND TECHNICAL COLLEGE. THESE INCLUDE FOUNDATION PROJECTS, EMPLOYEE DEVELOPMENT, INCENTIVE PLANS, PROMOTIONAL MATERIAL, AND THE PRESIDENT'S DISCRETIONARY FUND.
Expenses $1,118,410 · Grants $1,312,923
As filed on the 2022 return.
Listed in Part VII
-
John NienaberJOHN NIENABER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 4
-
Jordan HuizengaJORDAN HUIZENGA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Beth Vice-CrossBETH VICE-CROSS
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Adam KresslerADAM KRESSLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
John BainesJOHN BAINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent CooperBRENT COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent DegenhardtBRENT DEGENHARDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jay FossettJAY FOSSETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philippe GarnierPHILIPPE GARNIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack GivensJACK GIVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eddie HowardEDDIE HOWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony KellyANTHONY KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan KruseDAN KRUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trent LucasTRENT LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie McGregorJULIE MCGREGOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ruth MooreRUTH MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalya OliviaNATALYA OLIVIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharmili ReddySHARMILI REDDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle ReidMICHELLE REID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael RomesMICHAEL ROMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd SargeTODD SARGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon SchumacherSHANNON SCHUMACHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth WebbKENNETH WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Will WeberWILL WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Fernando FigueroaDR FERNANDO FIGUEROA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Adrijana KowatschADRIJANA KOWATSCH
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
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
-
Gateway CommTech College
$1,322,923
SCHOLARSHIPS
-
Gateway CommTech College
$49,950
STUDENT ASSISTANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 31 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431309349301763
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