Gatewave Inc, Reading For Life Radio in New York, New York (NY)
Table of contents:
| Gatewave Inc, Reading For Life Radio | |
| Employer Identification Number (EIN) | 271502095 |
| Name of Organization | Gatewave Inc |
| Secondary Name | Reading For Life Radio |
| Address | 244 Fifth Ave Ste G 201, New York, NY 10001-7604 |
| Subsection | Educational Organization |
| Ruling Date | 04/2010 |
| 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 | $10,000 to $24,999 |
| Income | $10,000 to $24,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $24,174 |
| Amount of Income | $23,933 |
| Form 990 Revenue Amount | $23,933 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Radio |
Non-representatives - add comments:
Amount of income in 2013: $23,933 (it was $30,215 in 2012)
| This organization: | $23,933 |
| Other organizations performing similar types of work: | $86,896 |
Assets in 2013: $24,174 (it was $5,809 in 2012)
| Gatewave Inc, Reading For Life Radio: | $24,174 |
| Other organizations performing similar types of work: | $69,808 |
Expenses in 2013: $8,819
| This organization: | $8,819 |
| Other organizations performing similar types of work: | $83,410 |
Income to expenses ratio in 2013: 2.7
| This organization: | 2.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 71.9% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $65,855 | $30,215 | $23,933 |
| Contributions, gifts, grants, and similar amounts received | $65,855 | $30,215 | $23,933 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $191,608 | $81,492 | $8,819 |
| Total net assets | $-141,721 | $-193,001 | $-177,887 |
| Excess/Deficit for the year | $-125,753 | $-51,277 | $15,114 |
| Net assets or fund balances at beginning of year | $-15,968 | $-141,724 | $-193,001 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-193,001 | $-177,887 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $27,136 | $5,809 | $24,174 |
| Total liabilities | $168,860 | $198,810 | $202,060 |
| Net assets or fund balances | $-141,721 | $-193,001 | $-177,887 |
| 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 | $261,083 |
| Subtotal | $261,083 |
| Gifts, grants, contributions, and membership fees received | $261,083 |
| 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 | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $261,083 |
| Public support | $261,083 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | Futuro Media Group | 361 West 125th St 4th Floor, New York, NY 10027-4843 | NY | 2010-11 | $1,960,481 |
| 2 | Peconic Public Broadcasting | 71 Hill Street, Southampton, NY 11968-5319 | NY | 2009-12 | $927,260 |
| 3 | Heritage Radio Network Inc | Po Box 198 402 Graham Ave, Brooklyn, NY 11211 | NY | 2012-02 | $202,406 |
| 4 | Gatewave Inc, Reading For Life Radio | 244 Fifth Ave Ste G 201, New York, NY 10001-7604 | NY | 2010-04 | $23,933 |
| 5 | Hm Radio Inc | 11474 225th St, Cambria Hts, NY 11411-1228 | NY | 2012-05 | $5,320 |
| 6 | Sound-Of-Hope Communication Inc | 242 Concord Ln, Middletown, NY 10940-6655 | NY | 2006-11 | $52 |
| 7 | Adirondack Amateur Radio Association Inc | Po Box 804, Saranac Lake, NY 12983 | NY | 2011-04 | $0 |
| 8 | Angelica Community Radio Incorporated | Po Box 1, Angelica, NY 14709 | NY | 2014-09 | $0 |
| 9 | Arcade Christian Broadcasting Corporation | Po Box 183, Arcade, NY 14009 | NY | 2002-12 | $0 |
| 10 | Better Living Radio Inc | 206 Glen Street Suite 48, Glens Falls, NY 12801 | NY | 2005-04 | $0 |
| 11 | Birds Of A Feather Media Limited | 60 California Quarry Rd, Woodstock, NY 12498 | NY | 2012-07 | $0 |
| 12 | Champlain Valley Amateur Radio Club | Po Box 313, Morrisonville, NY 12962 | NY | 2001-11 | $0 |
| 13 | Classic Soul Radio | 189-02 64th Avenue Suite 11f, Fresh Meadows, NY 11365 | NY | 2014-10 | $0 |
| 14 | Dialogos Of Cobleskill Incorporated | 5660 State Route 145, Cobleskill, NY 12043 | NY | 2014-10 | $0 |
| 15 | Field Notes Production Inc | PO BOX 791, Saratoga Spgs, NY 12866-0791 | NY | 2002-11 | $0 |
| 16 | Friends Of Wsuf Inc | PO BOX 41, Selden, NY 11784-0041 | NY | 1998-01 | $0 |
| 17 | From Scratch Media | 30 W 10th St, New York, NY 10011-8712 | NY | 2012-01 | $0 |
| 18 | Hamptons Community Radio Corporation | Po Box 1026, Southampton, NY 11968 | NY | 2008-05 | $0 |
| 19 | International Islamic Broadcasting Networking Incorporated | 1214 Tinton Ave, Bronx, NY 10456 | NY | 1997-10 | $0 |
| 20 | Johnson Broadcasting Co Inc | Po Box 56, Endicott, NY 13760 | NY | 1996-10 | $0 |
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