Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Balance Sheet
Assets
Down$148,567
Down $15,290 (-9.3%) from 2014
Net Assets
Down$148,567
Down $15,290 (-9.3%) from 2014
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$89,000
Down $101,000 (-53%) from 2014
Expenses
Up$104,290
Up $78,147 (+299%) from 2014
Net Income
Down-$15,290
Down $179,147 (-109%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- May 15, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $89,000
Mission and Program Overview
Mission
Our purpose is to operate missionary work, relief work, and scholarship assistance program.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MISSIONARY WORK | $66,030 | $66,030 |
| YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM | $31,000 | $31,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| - | Director | - | $0 | - | - |
| - | Director | - | $0 | - | - |
| - | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Way & Gate Foundation Inc
- EIN
- 46-4314655
- Phone
- 7328734040
- Address
- 65 CLYDE RD RM/STE A, SOMERSET, NJ 08873
Signing Officer
- Name
- Young Ho Choi
- Title
- Director
- Phone
- 7328734040
- Signed
- 2016-05-15
Preparer
- Firm
- Sejong Llp
- Address
- 2050 CENTER AVE STE 415, FORT LEE, NJ 07024
- Preparer
- Seongwook Pang
- Phone
- 2128683378
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“Iacd religion 06/18/2015 iacd cash po box 10 6,000 0 alviso, ca 95002 6,000 the calvary korean um church religion 07/08/2015 kumc cash 572 ryders lane 10,000 0 east brunswick, nj 08816 10,000 faith theological seminary religion 08/03/2015 faith theological seminary cash 529 walker avenue 10,000 0 baltimore, md 21212 10,000 korean american civic empowerment youth education 09/22/2015 kace cash 144 main street ste 201 10,000 0 hackensack, nj 07601 10,000 faith theological seminary religion 09/26/2015 faith thelogical seminary cash 529 walker avenue 10,000 0 baltimore, md 21212 10,000 trinity assembly of god religion 11/19/2015 trinity cash 2122 west joppa road 10,000 0 letherville, md 21093 10,000 american film institute youth education 12/01/2015 american film institute cash 2021 north wester avenue 6,500 0 los angeles, ca 90027 6,500”
Form 990-ez, Part I, Line 16
“Expenses insurance 735 state annual fee 25 total 760”
Form 990-ez, Part II, Line 24
“Prepaid asset 250 0 total 250 0”
Form 990-ez, Part III
“Our purpose is to operate missionary work, relief work, and scholarship assistance program.”
Raw XML Appendix127 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | WAY GATE FOUNDATION INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7328734040 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 65 CLYDE ROAD STE A |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SOMERSET |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 08873 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 163607 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 148567 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 89000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -15290 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6500 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 163857 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 148567 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 97030 |
| IRS990EZ/GrossReceiptsAmt | 0 | 89000 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 163857 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 148567 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 163857 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 148567 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt | 0 | YOUNG HO CHOI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt | 1 | BO KYUNG CHOI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/BusinessName/BusinessNameLine1Txt | 2 | SANG HOON KANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 250 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 760 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | OUR PURPOSE IS TO OPERATE MISSIONARY WORK, RELIEF WORK, AND SCHOLARSHIP ASSISTANCE PROGRAM. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MISSIONARY WORK |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 66030 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 31000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 66030 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 31000 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 104290 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 97030 |
| IRS990EZ/TotalRevenueAmt | 0 | 89000 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 89000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 190000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 279000 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 11160 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 267840 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 89000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 190000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 279000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 279000 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | IACD RELIGION 06/18/2015 IACD CASH PO BOX 10 6,000 0 ALVISO, CA 95002 6,000 THE CALVARY KOREAN UM CHURCH RELIGION 07/08/2015 KUMC CASH 572 RYDERS LANE 10,000 0 EAST BRUNSWICK, NJ 08816 10,000 FAITH THEOLOGICAL SEMINARY RELIGION 08/03/2015 FAITH THEOLOGICAL SEMINARY CASH 529 WALKER AVENUE 10,000 0 BALTIMORE, MD 21212 10,000 KOREAN AMERICAN CIVIC EMPOWERMENT YOUTH EDUCATION 09/22/2015 KACE CASH 144 MAIN STREET STE 201 10,000 0 HACKENSACK, NJ 07601 10,000 FAITH THEOLOGICAL SEMINARY RELIGION 09/26/2015 FAITH THELOGICAL SEMINARY CASH 529 WALKER AVENUE 10,000 0 BALTIMORE, MD 21212 10,000 TRINITY ASSEMBLY OF GOD RELIGION 11/19/2015 TRINITY CASH 2122 WEST JOPPA ROAD 10,000 0 LETHERVILLE, MD 21093 10,000 AMERICAN FILM INSTITUTE YOUTH EDUCATION 12/01/2015 AMERICAN FILM INSTITUTE CASH 2021 NORTH WESTER AVENUE 6,500 0 LOS ANGELES, CA 90027 6,500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES INSURANCE 735 STATE ANNUAL FEE 25 TOTAL 760 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PREPAID ASSET 250 0 TOTAL 250 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | OUR PURPOSE IS TO OPERATE MISSIONARY WORK, RELIEF WORK, AND SCHOLARSHIP ASSISTANCE PROGRAM. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | YOUNG HO CHOI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7328734040 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | WAY & GATE FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WAY& |
| ReturnHeader/Filer/EIN | 0 | 464314655 |
| ReturnHeader/Filer/PhoneNum | 0 | 7328734040 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 65 CLYDE RD RM/STE A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SOMERSET |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 08873 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 010754454 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SEJONG LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2050 CENTER AVE STE 415 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FORT LEE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07024 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2128683378 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-05-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SEONGWOOK PANG |
| ReturnHeader/ReturnTs | 0 | 2016-05-12T14:12:59-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $148,567
- Liabilities
- -
- Net assets
- $148,567
- Revenue
- $89,000
- Expenses
- $104,290
- Net income
- -$15,290