Gateway Montessori School

Is Gateway Montessori School Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Gateway Montessori School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Gateway Montessori School

Gateway Montessori School (EIN: 10626449) is a nonprofit organization based in Chicago, IL, classified under NTEE code B21. The organization reported total revenue of $1.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gateway Montessori School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Gateway Montessori School with a Mission Score of 90 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Gateway Montessori School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and suggests a volunteer-led leadership or that compensation is reported under other expense categories.

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 Montessori School's IRS 990 filings:

• Consistent 0% officer compensation may indicate reporting anomalies or a fully volunteer-led structure that could be unsustainable long-term for an organization of this size.

Strengths

The following positive indicators were identified for Gateway Montessori School:

• Consistent operating surpluses, with revenue exceeding expenses in most periods (e.g., $878,557 revenue vs. $859,794 expenses in 202406).
• Significant asset growth over the past decade, from $414,155 in 201506 to $3,118,812 in 202406.
• Strong asset-to-liability ratio, indicating financial stability.
• No reported officer compensation, suggesting a high dedication to mission and efficient use of funds for programs.

Frequently Asked Questions about Gateway Montessori School

Filing History

IRS 990 filing history for Gateway Montessori School showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Gateway Montessori School's revenue has grown by 112.6%, moving from $413K to $879K. Total assets increased by 576.5% over the same period, from $461K to $3.1M. Total functional expenses rose by 139.4%, from $359K to $860K. In its most recent filing year (2024), Gateway Montessori School reported a surplus of $19K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $3.1M in assets (debt-to-asset ratio: 47.9%), resulting in net assets of $1.6M.

Year-by-Year Financial Summary

• 2024: Revenue of $879K, expenses of $860K, and assets of $3.1M (revenue +20.7% year-over-year).
• 2023: Revenue of $728K, expenses of $695K, and assets of $3.2M (revenue +33.6% year-over-year).
• 2022: Revenue of $545K, expenses of $514K, and assets of $3.2M (revenue +33.1% year-over-year).
• 2021: Revenue of $409K, expenses of $392K, and assets of $3.3M (revenue -28.7% year-over-year).
• 2020: Revenue of $575K, expenses of $547K, and assets of $3.3M (revenue -13.5% year-over-year).
• 2019: Revenue of $664K, expenses of $635K, and assets of $3.2M (revenue +0.7% year-over-year).
• 2018: Revenue of $660K, expenses of $609K, and assets of $3.3M (revenue -8.8% year-over-year).
• 2017: Revenue of $724K, expenses of $581K, and assets of $3.1M (revenue -50.5% year-over-year).
• 2016: Revenue of $1.5M, expenses of $582K, and assets of $1.3M (revenue +142.4% year-over-year).
• 2015: Revenue of $604K, expenses of $501K, and assets of $414K (revenue +13.3% year-over-year).
• 2014: Revenue of $533K, expenses of $530K, and assets of $327K (revenue +10.0% year-over-year).
• 2013: Revenue of $485K, expenses of $488K, and assets of $453K (revenue +17.3% year-over-year).
• 2012: Revenue of $413K, expenses of $359K, and assets of $461K.

Data Sources and Methodology

This transparency report for Gateway Montessori School 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.