Gateway Youth Foundation
Nonprofit profile at a glance
- EIN
- 470846331
- IRS 990-EZ coverage
- 2012–2025
- Forms available
- Form 990-EZ 2025
- Location
- Albion, NE, USA
- Phone
- 4023956004
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $71,346
- Expenses
- $41,910
- Assets
- $137,317
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- RAY HERBERT (PRESIDENT)
People named in this filing
- RAY HERBERT (PRESIDENT)
- JIM CROSBY (VICE PRESIDE)
- LISA CARDER (SECRETARY)
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
The organization was organized to provide support or benefit to, or to perform the functions of, or carry out the purposes of public schools operated in the trade area of boone county, Nebraska.
What it reported doing in 2025
The foundation purchased the old theatre building located in albion, Nebraska. The entrepreneurship class of boone central public schools took on the project of remodeling and replacing old outdated equipment. They are now operating the theatre as a class project. By operating the theatre, the class will gain experience in the difficulties of running a business.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 87% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 82
- Sustainability: 69
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.8%; rating input score 60
- 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: 41.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.28; rating input score 76; 76th 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: 1.8% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 31st percentile among comparable filings
Details
- Where the money goes: 59.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $42K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2012 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 — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.