Gateway Venture Development
Nonprofit profile at a glance
- EIN
- 992103838
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025
- Location
- Des Moines, IA, USA
- Phone
- 3194715436
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Economic Development
Reported finances
- Revenue
- $94,407
- Expenses
- $93,171
- Assets
- $1,351
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Luke Haverkamp (Director)
- Kent Spray (Director)
- Matthew Johnson (Director)
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
To stimulate economic growth in emerging economies while providing invaluable business experience to young American entrepreneurs. By working with existing businesses and like-minded organizations, we help to place young Americans seeking business experience and international relationships into the most challenging business climates worldwide. Additionally, the corporation may engage in any activities that are reasonably related to or in furtherance of its stated charitable purposes, or in any other charitable activities.
What it reported doing in 2025
During the year, the organization carried out international economic development activities designed to stimulate commerce and expand employment opportunities in emerging economies while providing educational and professional development opportunities for young American entrepreneurs. The organization researched, compiled, and developed structured directories of manufacturers in emerging markets, including producers of raw aluminum, wrist watches, childrens board books, hardcover and softcover books, calendars, carry bags, O-rings, pipettes, and window and door hardware. These directories were developed as part of the organizations planned resources intended to be publicly accessible and designed to reduce information barriers, increase visibility for small and mid-sized manufacturers, and facilitate cross-border trade. In furtherance of these goals, the organization conducted on-site visits to manufacturing facilities in India to verify supplier information and to study manufacturing capabilities, production techniques, and regional manufacturing strengths. The organization used this research to lay the groundwork for future educational and analytical materials intended to improve transparency and help foreign purchasers form realistic expectations when considering sourcing from emerging economies. Additionally, the organization provided programmatic liaison and interpretation assistance during sourcing discussions as part of its mission-driven activities to reduce language and cultural barriers and prepare suppliers and buyers for commercial engagement. These activities advanced the organizations charitable purpose of international economic development.
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
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.7%; rating input score 99
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.3%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 167.8% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 167.8% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 168.6% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 98.7% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $93K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 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: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.