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Nonprofiteer
← GATEWAY COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by GATEWAY COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$559,970
Total expenses
$1,595,876
Contributions and grants received
$434,629
Grants paid
$1,364,366
Program service revenue
$0
Investment income
$94,505
Other revenue
$30,836
Total assets, end of year
$1,653,654
Total liabilities, end of year
$121,850
Net assets or fund balances, end of year
$1,531,804
Program services expenses (Part IX)
$1,577,271
Management and general expenses
$18,605
Fundraising expenses
$0
Program service expenses (Part III)
$1,577,271

Program services were 98.8% 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

    $434,629

  • 3 · Investment income

    total $94,505 · unrelated business $0 · excluded $94,505

  • 8a · Fundraising events: gross income

    $52,956

  • 8b · Fundraising events: direct expenses

    $22,120

  • 8c · Net income from fundraising events

    total $30,836 · unrelated business $0 · excluded $30,836

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,364,366 · program services $1,364,366

  • 11c · Fees: accounting

    total $10,775 · program services $0 · management and general $10,775 · fundraising $0

  • 20 · Interest

    total $8,752 · program services $8,752 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,283 · program services $0 · management and general $2,283 · fundraising $0

  • 24a · Other expenses: ADMINISTRATIVE

    total $5,547 · program services $0 · management and general $5,547 · fundraising $0

  • 24b · Other expenses: PRESIDENTS DISCRETIONARY FUND

    total $232 · program services $232 · management and general $0 · fundraising $0

  • 24c · Other expenses: EMPLOYEE DEVELOPMENT

    total $327 · program services $327 · management and general $0 · fundraising $0

  • 24d · Other expenses: OTHER PROGRAMS

    total $203,594 · program services $203,594 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,238 · end of year $92,099

  • 3 · Pledges and grants receivable

    beginning of year $18,250 · end of year $9,500

  • 4 · Accounts receivable

    beginning of year $27,688 · end of year $16,792

  • 12 · Investments: other securities

    beginning of year $2,469,411 · end of year $1,535,263

  • 15 · Other assets

    beginning of year $8,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,543 · end of year $32,866

  • 19 · Deferred revenue

    beginning of year $59,304 · end of year $57,388

  • 25 · Other liabilities

    beginning of year $60,270 · end of year $31,596

  • 27 · Net assets without donor restrictions

    beginning of year $97,815 · end of year $217,021

  • 28 · Net assets with donor restrictions

    beginning of year $2,395,594 · end of year $1,314,783

Mission and programs · 2023

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 $465,017 · Grants $30,599

  • 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 PRESIDENTS DISCRETIONARY FUND.

    Expenses $1,112,254 · Grants $1,333,767

As filed on the 2023 return.

Listed in Part VII

  • JORDAN HUIZENGA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • SHARMILI REDDY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • NATALYA OLIVIA

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • DAN KRUSE

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • JOHN BAINES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRENT DEGENHARDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA DESMARAIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GINA DOUTHAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAY FOSSETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILIPPE GARNIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN GENTIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR EDDIE HOWARD JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRENT LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE MCGREGOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RUTH MOORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN NIENABER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE REID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ROMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON SCHUMACHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN VANDERGLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RON WASHINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENNETH WEBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN WITTENAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR FERNANDO FIGUEROA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TESS BURNS

    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

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
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349306500

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