Gateway Prayer Garden
Nonprofit profile at a glance
- EIN
- 814704290
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Colorado Springs, CO, USA
- Phone
- 7194991953
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $726,476
- Expenses
- $493,065
- Assets
- $3,396,675
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- AUDREY BECKETT (PRESIDENT TREASURER)
Highest reported compensation
- THERESA MOODY (KEY EMPLOYEE): $46,391 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gateway nbsp; prayer nbsp; garden nbsp; provides nbsp; aesthetically nbsp; and nbsp; artistically nbsp; designed nbsp; physical nbsp; environment nbsp; to nbsp; pray nbsp; and nbsp; seek nbsp; the nbsp; lord nbsp; organized nbsp; teaching nbsp; and nbsp; prayer nbsp; for nbsp; the nbsp; nations nbsp; of nbsp; the nbsp; world nbsp; and nbsp; booklets nbsp; on nbsp; prayer nbsp; are nbsp; provided
What it reported doing in 2024
Filed engineering report developments plans and for the construction of a new prayer building. Construction has not started yet
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 36
- Transparency & Controls: 64
- Accountability: 84
- Sustainability: 81
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26%; rating input score 26
- Program expense ratio: 38.4%; rating input score 38
- Fundraising efficiency: $80.84 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings
Transparency & Controls
- Consistency checks: 63.6%; rating input score 64; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 32.1%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 6.89; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: -27.2% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 27.8% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 57.4% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 26% of revenue deployed · 38.4% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $173K in reported program spending
- Leadership: top reported pay $46K · 5 people listed
- Consistency: 7 of 11 current checks pass · 4 findings to review
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 26/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX CompCurrentOfficersDirectors column sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.