Gateway Technical College Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,851,742 | 283,841 | 1,567,901 | 167.1 | 0% |
| 2013 | 1,536,684 | 2,161,898 | −625,214 | 18.5 | 0% |
| 2014 | 1,097,406 | 728,806 | 368,600 | 62.6 | 0% |
| 2015 | 2,042,576 | 1,173,801 | 868,775 | 45.5 | 0% |
| 2016 | 2,117,204 | 946,385 | 1,170,819 | 68.7 | 1% |
| 2017 | 2,199,958 | 1,031,377 | 1,168,581 | 76.1 | 1% |
| 2018 | 2,474,076 | 1,373,307 | 1,100,769 | 66.9 | 2% |
| 2019 | 4,342,433 | 976,212 | 3,366,221 | 135.3 | 4% |
| 2020 | 2,544,552 | 1,029,696 | 1,514,856 | 146.2 | 4% |
| 2021 | 8,732,161 | 1,993,449 | 6,738,712 | 127.0 | 2% |
| 2022 | 2,075,357 | 1,092,543 | 982,814 | 203.6 | 4% |
| 2023 | 1,603,732 | 1,056,824 | 546,908 | 224.5 | 3% |
In its most recent public year (2023), this organization brought in $546,908 more than it spent. Its reserves stood at about 224.5 months of spending, up from 167.1 in 2012. Staff pay was 3% of spending. $18,306,549 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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