Gateway Second Chance Foundation

Nonprofit profile at a glance

EIN
473724037
IRS 990-EZ coverage
2016–2025
Forms available
Form 990-EZ 2025, Form 990-N 2015
Location
Suitland, MD, USA
Phone
3013321969
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$199,933
Expenses
$225,833
Assets
$50,515
Liabilities
$16,691

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DONNA CARTER (President)

People named in this filing

  • CLARENCE CARTER (Chairman)
  • DONNA CARTER (President)
  • JEANA LEGUE (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

GateWay Second Chance seeks to secure a safe, stable, community-based environment for at-risk youth needing a second chance to become contributing members of society by securing their future through education and life skills training to cultivate strategic partnerships that further broaden its donor base.

What it reported doing in 2025

Unexpected economic consequences that resulted from large-scale federal workforce layoffs, many of whom were our donors, caused us to effect changes that successfully precluded its negative impact on our continued effectiveness in moving the intent and purpose of the organization forward.Utilizing the expertise of one of our former Board members a business owner-we were able to get the service of a full-time Executive Director well below market cost. And, by leveraging his increased knowledge and experience, atypical means of financial success was enhanced by accomplishing $20,655 in increased donations via the newly created Shortfall Level Up program. Maximizing increased social media skill enabled greater donations by our major fundraiser, the 10th Annual Prayer Breakfast, which resulted in a total revenue achievement in excess of $65,000.Additionally, the summer fundraiser Top Golf generated more than double the amount over 2024 with revenue realized of $10,995.Lastly, by offsetting the financial fallout that negatively impacted a percentage of our donors, for example we were only able to maintain 85% to 90% of our previous years Sustaining Parent donors, we nevertheless generated an increase over 2023 with revenue realized of $194,676.67.

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
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.7%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -13%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 11.7% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $225K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 10 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.