Mountain Gateway Community College Educational Foundation
EIN: 541547596 · Clifton Forge, VA · NTEE: T31
| Metric | Value |
|---|---|
| Total Revenue | $857K |
| Total Expenses | $664K |
| Net Assets | $9.2M |
Is Mountain Gateway Community College Educational Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mountain Gateway Community College Educational Foundation
Mountain Gateway Community College Educational Foundation (EIN: 541547596) is a nonprofit organization based in Clifton Forge, VA, classified under NTEE code T31. The organization reported total revenue of $857K and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mountain Gateway Community College Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mountain Gateway Community College Educational Foundation is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $434K |
| Total Expenses | $664K |
| Surplus / Deficit | $-230,534 |
| Total Assets | $9.3M |
| Total Liabilities | $49K |
| Net Assets | $9.2M |
| Operating Margin | -53.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 168.0 months |
Financial Health Grade: B
In 2023, Mountain Gateway Community College Educational Foundation reported a deficit of $231K with expenses exceeding revenue, holds 168.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mountain Gateway Community College Educational Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.1% | -16.8% | +5.3% |
| 2022 | +39.9% | +45.0% | -3.1% |
| 2021 | +40.7% | +22.9% | +8.3% |
| 2020 | -42.3% | -26.1% | +0.7% |
| 2019 | +13.8% | -2.8% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mountain Gateway Community College Educational Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mountain Gateway Community College Educational Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Mountain Gateway Community College Educational Foundation
Is Mountain Gateway Community College Educational Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mountain Gateway Community College Educational Foundation (EIN: 541547596) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mountain Gateway Community College Educational Foundation spend its money?
Detailed spending breakdown data is not yet available for Mountain Gateway Community College Educational Foundation. Check back for updated IRS 990 analysis.
Are donations to Mountain Gateway Community College Educational Foundation tax-deductible?
Mountain Gateway Community College Educational Foundation is registered as a tax-exempt nonprofit (EIN: 541547596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mountain Gateway Community College Educational Foundation located?
Mountain Gateway Community College Educational Foundation is headquartered in Clifton Forge, Virginia and files with the IRS under EIN 541547596. It is classified under NTEE code T31.
How many years of IRS 990 filings does Mountain Gateway Community College Educational Foundation have?
Mountain Gateway Community College Educational Foundation 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 $857K in total revenue.
Filing History
IRS 990 filing history for Mountain Gateway Community College Educational Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mountain Gateway Community College Educational Foundation's revenue has declined by 6.6%, moving from $464K to $434K. Total assets increased by 89.6% over the same period, from $4.9M to $9.3M. Total functional expenses rose by 224.5%, from $205K to $664K. In its most recent filing year (2023), Mountain Gateway Community College Educational Foundation reported a deficit of $231K, with expenses exceeding revenue. The organization holds $49K in liabilities against $9.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $434K | $664K | $9.3M | $49K | — | — |
| 2022 | $1.2M | $799K | $8.8M | $143K | — | View 990 |
| 2021 | $862K | $551K | $9.1M | $2K | — | View 990 |
| 2020 | $613K | $448K | $8.4M | $0 | — | View 990 |
| 2019 | $1.1M | $606K | $8.3M | $0 | — | View 990 |
| 2018 | $932K | $623K | $7.3M | $0 | — | View 990 |
| 2017 | $1.4M | $916K | $7.7M | $56K | — | View 990 |
| 2016 | $1.2M | $722K | $7.0M | $0 | — | View 990 |
| 2015 | $943K | $390K | $6.4M | $0 | — | View 990 |
| 2014 | $881K | $319K | $6.1M | $0 | — | View 990 |
| 2013 | $712K | $250K | $5.8M | $5K | — | View 990 |
| 2012 | $477K | $217K | $5.1M | $3K | — | View 990 |
| 2011 | $464K | $205K | $4.9M | $302 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $434K, expenses of $664K, and assets of $9.3M (revenue -64.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $799K, and assets of $8.8M (revenue +39.9% year-over-year).
- 2021: Revenue of $862K, expenses of $551K, and assets of $9.1M (revenue +40.7% year-over-year).
- 2020: Revenue of $613K, expenses of $448K, and assets of $8.4M (revenue -42.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $606K, and assets of $8.3M (revenue +13.8% year-over-year).
- 2018: Revenue of $932K, expenses of $623K, and assets of $7.3M (revenue -32.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $916K, and assets of $7.7M (revenue +17.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $722K, and assets of $7.0M (revenue +24.6% year-over-year).
- 2015: Revenue of $943K, expenses of $390K, and assets of $6.4M (revenue +7.0% year-over-year).
- 2014: Revenue of $881K, expenses of $319K, and assets of $6.1M (revenue +23.7% year-over-year).
- 2013: Revenue of $712K, expenses of $250K, and assets of $5.8M (revenue +49.3% year-over-year).
- 2012: Revenue of $477K, expenses of $217K, and assets of $5.1M (revenue +2.7% year-over-year).
- 2011: Revenue of $464K, expenses of $205K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mountain Gateway Community College Educational Foundation:
Data Sources and Methodology
This transparency report for Mountain Gateway Community College Educational Foundation 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.