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
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
26th percentile
Faster revenue growth than 26% of similar nonprofits.
Balance Sheet
Assets
Down$4,596
Down $40,483 (-90%) from 2016
Net Assets
Down$4,596
Down $40,483 (-90%) from 2016
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$42,062
Down $10,638 (-20%) from 2016
Expenses
Down$82,546
Down $73,642 (-47%) from 2016
Net Income
Up-$40,484
Up $63,004 (+61%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- May 11, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $42,062
Mission and Program Overview
Mission
Our purpose is to operate missionary work, relief work, and scholarship assistance program.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM | $47,320 | $47,320 |
| MISSIONARY WORK | $30,700 | $30,700 |
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
- 2018-05-11
Preparer
- Firm
- Sejong Llp
- Address
- 65 CHALLENGER RD STE 250, RIDGEFIELD PARK, NJ 07660-2122
- Preparer
- Seongwook Pang
- Phone
- 2128683378
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Other revenue 62 total 62”
Form 990-ez, Part I, Line 10
“Cash contribution: 10,000 relationship: none”
Form 990-ez, Part I, Line 10
“Class of activity: youth education name: faith theological seminary address: 529 walker avenue baltimore, md 21212 cash contribution: 10,000 class of activity: religion work name: the calvary korean um church address: 572 ryders lane east brunswick, nj 08816 cash contribution: 10,000 class of activity: religion work name: the calvary korean um church address: 572 ryders lane east brunswick, nj 08816 cash contribution: 6,000 class of activity: youth education name: faith theological seminary address: 529 walker avenue baltimore, md 21212 cash contribution: 10,000 class of activity: scholarship name: the ohio state university address: 281 west lane avenue columbus, oh 43210 cash contribution: 10,000 class of activity: religion work name: hifi (handong int'l foundation inc) address: 3002 westhurst lane oakton, va 22124 cash contribution: 12,000”
Form 990-ez, Part I, Line 16
“Expenses state annual fee 26 total 26”
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 | 45080 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 4596 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 42000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -40484 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4500 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 45080 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 4596 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 78020 |
| IRS990EZ/GrossReceiptsAmt | 0 | 42062 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 45080 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 4596 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 45080 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 4596 |
| 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 | 26 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 62 |
| 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 | 30700 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 47320 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 30700 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 47320 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 82546 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 78020 |
| IRS990EZ/TotalRevenueAmt | 0 | 42062 |
| 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 | 42000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 52700 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 89000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 190000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 373700 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 62 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 30422 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 343278 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 42000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 52700 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 89000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 190000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 373700 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 373700 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OTHER REVENUE 62 TOTAL 62 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CASH CONTRIBUTION: 10,000 RELATIONSHIP: NONE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CLASS OF ACTIVITY: YOUTH EDUCATION NAME: FAITH THEOLOGICAL SEMINARY ADDRESS: 529 WALKER AVENUE BALTIMORE, MD 21212 CASH CONTRIBUTION: 10,000 CLASS OF ACTIVITY: RELIGION WORK NAME: THE CALVARY KOREAN UM CHURCH ADDRESS: 572 RYDERS LANE EAST BRUNSWICK, NJ 08816 CASH CONTRIBUTION: 10,000 CLASS OF ACTIVITY: RELIGION WORK NAME: THE CALVARY KOREAN UM CHURCH ADDRESS: 572 RYDERS LANE EAST BRUNSWICK, NJ 08816 CASH CONTRIBUTION: 6,000 CLASS OF ACTIVITY: YOUTH EDUCATION NAME: FAITH THEOLOGICAL SEMINARY ADDRESS: 529 WALKER AVENUE BALTIMORE, MD 21212 CASH CONTRIBUTION: 10,000 CLASS OF ACTIVITY: SCHOLARSHIP NAME: THE OHIO STATE UNIVERSITY ADDRESS: 281 WEST LANE AVENUE COLUMBUS, OH 43210 CASH CONTRIBUTION: 10,000 CLASS OF ACTIVITY: RELIGION WORK NAME: HIFI (HANDONG INT'L FOUNDATION INC) ADDRESS: 3002 WESTHURST LANE OAKTON, VA 22124 CASH CONTRIBUTION: 12,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EXPENSES STATE ANNUAL FEE 26 TOTAL 26 |
| 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 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | YOUNG HO CHOI |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7328734040 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-05-11 |
| 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/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 100.35.239.210 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-05-11 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:30:05 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 010754454 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SEJONG LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 65 CHALLENGER RD STE 250 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RIDGEFIELD PARK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 076602122 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2128683378 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SEONGWOOK PANG |
| ReturnHeader/ReturnTs | 0 | 2018-05-11T16:30:05-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $4,596
- Liabilities
- -
- Net assets
- $4,596
- Revenue
- $42,062
- Expenses
- $82,546
- Net income
- -$40,484