Gateway Medical Foundation Inc in Julesburg, Colorado (CO)
Table of contents:
| Gateway Medical Foundation Inc | |
| Employer Identification Number (EIN) | 841210677 |
| Name of Organization | Gateway Medical Foundation Inc |
| In Care of Name | David Garnas |
| Address | 900 Cedar St, Julesburg, CO 80737-1121 |
| Activities | Aid to the handicapped (see also 031) |
| Subsection | Charitable Organization |
| Ruling Date | 11/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $98,819 |
| Amount of Income | $42,614 |
| Form 990 Revenue Amount | $37,700 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $42,614 (it was $53,282 in 2012)
| Gateway Medical Foundation Inc: | $42,614 |
| Other organizations performing similar types of work: | $120,021 |
Assets in 2013: $98,819 (it was $109,354 in 2012)
| This organization: | $98,819 |
| Other organizations performing similar types of work: | $470,342 |
Expenses in 2013: $48,235
| This organization: | $48,235 |
| Other organizations performing similar types of work: | $61,754 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2013: 54.5%
| Gateway Medical Foundation Inc: | 54.5% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $27,101 | $48,507 | $37,700 |
| Contributions, gifts, grants, and similar amounts received | $14,566 | $33,773 | $20,536 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $1,601 | $682 | $1,235 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $10,934 | $12,617 | $11,610 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $13,738 | $17,392 | $16,524 |
| Less: direct expenses from gaming and fundraising events | $2,804 | $4,775 | $4,914 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $1,435 | $4,319 |
| Total expenses | $33,926 | $38,914 | $48,235 |
| Total net assets | $100,083 | $109,354 | $98,819 |
| Excess/Deficit for the year | $-6,825 | $9,593 | $-10,535 |
| Net assets or fund balances at beginning of year | $106,908 | $100,083 | $109,354 |
| Other changes in net assets or fund balances | $0 | $-322 | $0 |
| Net assets or fund balances at end of year | $109,354 | $98,819 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $100,083 | $109,354 | $98,819 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $100,083 | $109,354 | $98,819 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $183,669 |
| Subtotal | $189,851 |
| Gifts, grants, contributions, and membership fees received | $189,851 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $6,182 |
| Amounts received from disqualified persons | $6,182 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $196,134 |
| Public support | $189,851 |
| Subtotal | $6,283 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $6,283 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mike Leprino Family Foundation | 1830 W 38th Ave, Denver, CO 80211-2200 | CO | 1997-03 | $7,787,979 |
| 2 | Singer Family Foundation | PO BOX 22066, Denver, CO 80222-0066 | CO | 1996-06 | $4,904,385 |
| 3 | Harold W And Mary Louise Shaw Foundation | 1 S Nevada Ave Ste 200, Colorado Spgs, CO 80903-1809 | CO | 1998-03 | $3,120,427 |
| 4 | Lipscomb Family Foundation | PO BOX 102943, Denver, CO 80250-2943 | CO | 1979-10 | $2,845,436 |
| 5 | Mccormick Charitable Trust | 3200 Cherry Creek South Drive, Denver, CO 80209-3244 | CO | 1998-06 | $2,634,938 |
| 6 | Saeman Family Foundation A Charitable Trust | 299 Milwaukee Street, Denver, CO 80206-5042 | CO | 1998-06 | $1,990,000 |
| 7 | Roundup Foundation Inc | 3443 S Galena St Ste 310, Denver, CO 80231-5079 | CO | 1975-02 | $325,090 |
| 8 | The Roubos Family Foundation | PO BOX 2641, Edwards, CO 81632-2641 | CO | 1997-05 | $254,703 |
| 9 | Bond Family Foundation | 5601 W 18th St Unit 51, Greeley, CO 80634-2925 | CO | 1995-09 | $34,881 |
| 10 | Todd Family Foundation | 2313 W 17th St, Greeley, CO 80634-6005 | CO | 1995-02 | $33,183 |
| 11 | Seward Foundation | Local, Eaton, CO 80615 | CO | 1997-06 | $19,711 |
| 12 | Thunder Foundation | 4343 S Holly St, Englewood, CO 80111-1141 | CO | 1997-05 | $13,000 |
| 13 | Trygve E & Victoria H Myhren Foundation | 355 Clayton St, Denver, CO 80206-4228 | CO | 1997-02 | $11,743 |
| 14 | Tsuyako Nappie Ebesugawa Foundation | 3 Rangeview Cir, Wheat Ridge, CO 80215-6616 | CO | 1995-08 | $2,846 |
| 15 | William W And Mollye B Morrow Foundation | 3718 N County Rd 27e, Bellvue, CO 80512-7105 | CO | 1995-05 | $586 |
| 16 | Schreier Family Foundation | 5337 Lookout Ridge Dr, Boulder, CO 80301-5500 | CO | 1997-07 | $490 |
| 17 | Timothy Foundation | 3926 S Magnolia Way, Denver, CO 80237-2014 | CO | 1996-02 | $1 |
| 18 | Torgove Family Foundation | 1020 15th St, Denver, CO 80202-2345 | CO | 1995-06 | $1 |
| 19 | Langberg Foundation | 4949 S Syracuse St Ste 300, Denver, CO 80237 | CO | 1993-03 | $0 |
| 20 | The Philip S Miller Charitable Trust | PO BOX 5168, Denver, CO 80217-5168 | CO | 1996-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,744 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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