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
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
12th percentile
Faster revenue growth than 12% of similar nonprofits.
Balance Sheet
Assets
Down$45,079
Down $103,488 (-70%) from 2015
Net Assets
Down$45,079
Down $103,488 (-70%) from 2015
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$52,700
Down $36,300 (-41%) from 2015
Expenses
Up$156,188
Up $51,898 (+50%) from 2015
Net Income
Down-$103,488
Down $88,198 (-577%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- May 15, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $52,700
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 | $133,181 | $133,181 |
| YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM | $18,200 | $18,200 |
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
- 2017-05-15
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
“None 02/23/2016 10,000 0 10,000”
Form 990-ez, Part I, Line 10
“Faith theological seminary religion 02/01/2016 faith theological seminary cash 529 walker avenue 10,000 0 baltimore, md 21212 10,000 the calvary korean um church religion 03/14/2016 kumc cash 572 ryders lane 10,000 0 east brunswick, nj 08816 10,000 iacd religion 06/26/2016 iacd cash po box 10 55,000 0 alviso, ca 95002 55,000 faith theological seminary religion 09/10/2016 faith thelogical seminary cash 529 walker avenue 10,000 0 baltimore, md 21212 10,000”
Form 990-ez, Part I, Line 16
“Expenses insurance 281 state annual fee 26 total 307”
Form 990-ez, Part II, Line 24
“Prepaid asset 0 0 total 0 0”
Form 990-ez, Part III
“Our purpose is to operate missionary work, relief work, and scholarship assistance program.”
Raw XML Appendix132 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 | 148567 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 45079 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 52700 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -103488 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4500 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 148567 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 45079 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 151381 |
| IRS990EZ/GrossReceiptsAmt | 0 | 52700 |
| 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 | 148567 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 45079 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 148567 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 45079 |
| 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/OtherExpensesTotalAmt | 0 | 307 |
| 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 | 133181 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 18200 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 133181 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 18200 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 156188 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 151381 |
| IRS990EZ/TotalRevenueAmt | 0 | 52700 |
| 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 | 52700 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 89000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 190000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 331700 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 25902 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 305798 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 52700 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 89000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 190000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 331700 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 331700 |
| 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 | NONE 02/23/2016 10,000 0 10,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FAITH THEOLOGICAL SEMINARY RELIGION 02/01/2016 FAITH THEOLOGICAL SEMINARY CASH 529 WALKER AVENUE 10,000 0 BALTIMORE, MD 21212 10,000 THE CALVARY KOREAN UM CHURCH RELIGION 03/14/2016 KUMC CASH 572 RYDERS LANE 10,000 0 EAST BRUNSWICK, NJ 08816 10,000 IACD RELIGION 06/26/2016 IACD CASH PO BOX 10 55,000 0 ALVISO, CA 95002 55,000 FAITH THEOLOGICAL SEMINARY RELIGION 09/10/2016 FAITH THELOGICAL SEMINARY CASH 529 WALKER AVENUE 10,000 0 BALTIMORE, MD 21212 10,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EXPENSES INSURANCE 281 STATE ANNUAL FEE 26 TOTAL 307 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PREPAID ASSET 0 0 TOTAL 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | YOUNG HO CHOI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7328734040 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-05-15 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | E625CCA00D56AF096406A8082E6D65D2B16865D0 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | E625CCA00D56AF096406A8082E6D65D2B16865D0 |
| 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 | 2017-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SEONGWOOK PANG |
| ReturnHeader/ReturnTs | 0 | 2017-05-11T13:44:33-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $45,079
- Liabilities
- -
- Net assets
- $45,079
- Revenue
- $52,700
- Expenses
- $156,188
- Net income
- -$103,488