Gateway Community College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 612,929 | 664,716 | −51,787 | 43.8 | 0% |
| 2021 | 799,228 | 411,218 | 388,010 | 84.0 | 0% |
| 2022 | 719,045 | 342,183 | 376,862 | 105.7 | 0% |
| 2023 | 519,556 | 331,464 | 188,092 | 121.6 | 0% |
In its most recent public year (2023), this organization brought in $188,092 more than it spent. Its reserves stood at about 121.6 months of spending, up from 43.8 in 2020. Staff pay was 0% of spending. $2,909,773 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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