Gateway Community College Foundation Inc
Gateway Community College Foundation Inc - Transparent Spending and Strong Mission Focus
EIN: 223135128 · New Haven, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $591K |
| Total Expenses | $331K |
| Program Spending | 55% |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Gateway Community College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gateway Community College Foundation Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Gateway Community College Foundation Inc
Gateway Community College Foundation Inc (EIN: 223135128) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $591K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Community College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gateway Community College Foundation Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $520K |
| Total Expenses | $331K |
| Surplus / Deficit | +$188K |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 36.2% |
| Months of Reserves | 121.6 months |
Financial Health Grade: A
In 2023, Gateway Community College Foundation Inc reported a surplus of $188K with revenue exceeding expenses, holds 121.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Gateway Community College Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | -3.1% | +11.3% |
| 2022 | -10.0% | -16.8% | +4.9% |
| 2021 | +30.4% | -38.1% | +16.2% |
| 2020 | -10.6% | +23.0% | +6.8% |
| 2019 | +46.4% | +44.8% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gateway Community College Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Gateway Community College Foundation Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $188K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past five years.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gateway Community College Foundation Inc's IRS 990 filings:
- The fundraising percentage has been relatively low, indicating a need for potential fundraising strategy improvements.
Strengths
The following positive indicators were identified for Gateway Community College Foundation Inc:
- The foundation has maintained a strong focus on educational programs, with consistent spending in this area.
Frequently Asked Questions about Gateway Community College Foundation Inc
Is Gateway Community College Foundation Inc a legitimate charity?
Gateway Community College Foundation Inc (EIN: 223135128) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $591K. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Gateway Community College Foundation Inc spend its money?
Gateway Community College Foundation Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Gateway Community College Foundation Inc tax-deductible?
Gateway Community College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223135128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gateway Community College Foundation Inc's spending goes to programs?
Gateway Community College Foundation Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Gateway Community College Foundation Inc located?
Gateway Community College Foundation Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 223135128.
How many years of IRS 990 filings does Gateway Community College Foundation Inc have?
Gateway Community College Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $591K in total revenue.
What does Gateway Community College Foundation Inc do?
Gateway Community College Foundation Inc is a nonprofit organization in the Unknown sector, located in New Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Gateway Community College Foundation Inc have?
Gateway Community College Foundation Inc reported total revenue of $591,474. Based on 13 IRS 990 filings on record.
What are Gateway Community College Foundation Inc's total assets?
Gateway Community College Foundation Inc holds total assets of $3,625,860 as reported in IRS 990 filings.
Where is Gateway Community College Foundation Inc located?
Gateway Community College Foundation Inc is based in New Haven, Connecticut.
What is Gateway Community College Foundation Inc's EIN?
Gateway Community College Foundation Inc's Employer Identification Number (EIN) is 223135128. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gateway Community College Foundation Inc?
Gateway Community College Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Gateway Community College Foundation Inc a registered 501(c)(3)?
Gateway Community College Foundation Inc appears in IRS records (EIN: 223135128). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Gateway Community College Foundation Inc file IRS Form 990?
Yes, Gateway Community College Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Gateway Community College Foundation Inc's revenue in 2023?
In the 202312 filing period, Gateway Community College Foundation Inc reported total revenue of $519,556, total expenses of $331,464, and net assets of $3,359,527.
Is Gateway Community College Foundation Inc's revenue growing or declining?
Gateway Community College Foundation Inc's revenue is declining. Revenue went from $719,045 (202212) to $519,556 (202312), a -27.7% change. Based on 13 filings on record.
What is Gateway Community College Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Gateway Community College Foundation Inc covers tax period 202312. It shows revenue of $519,556, expenses of $331,464, total assets of $3,359,527, and liabilities of N/A.
How much does Gateway Community College Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Gateway Community College Foundation Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Gateway Community College Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Gateway Community College Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Gateway Community College Foundation Inc?
The following concerns were identified: The fundraising percentage has been relatively low, indicating a need for potential fundraising strategy improvements.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Gateway Community College Foundation Inc's strengths?
Positive indicators for Gateway Community College Foundation Inc include: The foundation has maintained a strong focus on educational programs, with consistent spending in this area.. These findings are derived from AI analysis of the organization's financial filings.
How does Gateway Community College Foundation Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Gateway Community College Foundation Inc?
1. Detailed program expenses are clearly outlined, showing a consistent focus on educational initiatives. 2. Administrative costs are kept in check, with a slight increase in 2022. 3. Fundraising efforts have been relatively stable, with a slight decrease in 2021. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific educational initiatives does the foundation support?
The foundation supports a range of educational initiatives, including scholarships, academic programs, and community outreach projects aimed at enhancing educational opportunities for students in the New Haven area.
How does the foundation ensure transparency in its spending?
The foundation provides detailed reports on its spending, breaking down program expenses, administrative costs, and fundraising efforts, ensuring stakeholders can see how funds are being used.
What steps is the foundation taking to improve its fundraising efforts?
While fundraising percentages have been relatively stable, the foundation is exploring new strategies to increase its fundraising efforts, including partnerships and community engagement initiatives.
Filing History
IRS 990 filing history for Gateway Community College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gateway Community College Foundation Inc's revenue has declined by 48.1%, moving from $1.0M to $520K. Total assets increased by 33.1% over the same period, from $2.5M to $3.4M. Total functional expenses rose by 15.7%, from $286K to $331K. In its most recent filing year (2023), Gateway Community College Foundation Inc reported a surplus of $188K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $520K | $331K | $3.4M | $0 | — | View 990 |
| 2022 | $719K | $342K | $3.0M | $3K | — | View 990 |
| 2021 | $799K | $411K | $2.9M | $200 | — | View 990 |
| 2020 | $613K | $665K | $2.5M | $52K | — | View 990 |
| 2019 | $686K | $541K | $2.3M | $0 | — | View 990 |
| 2018 | $469K | $373K | $2.0M | $20K | — | View 990 |
| 2017 | $378K | $403K | $2.0M | $800 | — | View 990 |
| 2016 | $450K | $521K | $1.9M | $22K | — | View 990 |
| 2015 | $673K | $668K | $2.0M | $6K | — | View 990 |
| 2014 | $776K | $601K | $2.2M | $1K | — | View 990 |
| 2013 | $542K | $757K | $2.0M | $6K | — | View 990 |
| 2012 | $785K | $1.2M | $2.1M | $4K | — | View 990 |
| 2011 | $1.0M | $286K | $2.5M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $520K, expenses of $331K, and assets of $3.4M (revenue -27.7% year-over-year).
- 2022: Revenue of $719K, expenses of $342K, and assets of $3.0M (revenue -10.0% year-over-year).
- 2021: Revenue of $799K, expenses of $411K, and assets of $2.9M (revenue +30.4% year-over-year).
- 2020: Revenue of $613K, expenses of $665K, and assets of $2.5M (revenue -10.6% year-over-year).
- 2019: Revenue of $686K, expenses of $541K, and assets of $2.3M (revenue +46.4% year-over-year).
- 2018: Revenue of $469K, expenses of $373K, and assets of $2.0M (revenue +24.1% year-over-year).
- 2017: Revenue of $378K, expenses of $403K, and assets of $2.0M (revenue -16.0% year-over-year).
- 2016: Revenue of $450K, expenses of $521K, and assets of $1.9M (revenue -33.1% year-over-year).
- 2015: Revenue of $673K, expenses of $668K, and assets of $2.0M (revenue -13.4% year-over-year).
- 2014: Revenue of $776K, expenses of $601K, and assets of $2.2M (revenue +43.3% year-over-year).
- 2013: Revenue of $542K, expenses of $757K, and assets of $2.0M (revenue -31.0% year-over-year).
- 2012: Revenue of $785K, expenses of $1.2M, and assets of $2.1M (revenue -21.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $286K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gateway Community College Foundation Inc:
Data Sources and Methodology
This transparency report for Gateway Community College Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.