Gateway New Economy Council
Nonprofit profile at a glance
- EIN
- 270082060
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010
- Location
- Shepherdstown, WV, USA
- Phone
- 3048762512
- Rating
- 33
- Verdict
- REVIEW
- Rating confidence
- Limited
- Sector
- Economic Development
Reported finances
- Revenue
- $9,239
- Expenses
- $47,842
- Assets
- $7,450
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
16 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Gateway New Economy Council (GNEC) is a group of volunteers in the Gateway Region of West Virginia dedicated to serving as a catalyst to ensure the region will have the opportunity to participate fully in, and benefit from, the "New Economy" of the twenty-first century.
What it reported doing in 2010
Graduation Dinner GNEC members hosted a Graduation Dinner for over 80 graduating students from Shepherd University's Business Administration Department and their professors. The Council's Educational Co-chair, Walt Pellish, worked with Dr. Gordon DeMeritt, President Suzanne Shipley, the Governor's representative and the WV Director of the Department of Commerce, who was our keynote speaker. The encouragement and support are designed to suggest that graduates consider utilizing their SU degree by establishing strong community roots in the Eastern Panhandle region in order to encourage organic entrepreneurial growth.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 5
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -417.8%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments
- Leadership: top reported pay $33K · 16 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.