Civic Intelligence

Way & Gate Foundation Inc.

990EZ • Fiscal year 2018 • EIN 46-4314655

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 26, 2019

Organization ProfileN/A
65 Clyde Rd Rm/Ste ASomerset, NJ 08873

(732) 873-4040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

22nd percentile

-4.7%

Higher net margin than 22% of similar nonprofits.

2018 filings • NTEE X99 • <$500k nonprofits • Source year 2018

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE X99 • <$500k nonprofits • Source year 2018

Asset Growth

8th percentile

-41%

Faster asset growth than 8% of similar nonprofits.

2018 filings • NTEE X99 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

40th percentile

-4.0%

Faster revenue growth than 40% of similar nonprofits.

2018 filings • NTEE X99 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$2,699

Down $1,897 (-41%) from 2017

Net Assets

Down

$2,699

Down $1,897 (-41%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin22nd percentile

Revenue

Down

$40,400

Down $1,662 (-4.0%) from 2017

Expenses

Down

$42,297

Down $40,249 (-49%) from 2017

Net Income

Up

-$1,897

Up $38,587 (+95%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $163,857Net Assets 2014: $163,8572014Assets 2015: $148,567Net Assets 2015: $148,5672015Assets 2016: $45,079Net Assets 2016: $45,0792016Assets 2017: $4,596Net Assets 2017: $4,5962017Assets 2018: $2,699Net Assets 2018: $2,6992018Assets 2019: $594Liabilities 2019: $0Net Assets 2019: $5942019Assets 2020: $13,367Liabilities 2020: $0Net Assets 2020: $13,3672020Assets 2021: $52,242Liabilities 2021: $0Net Assets 2021: $52,2422021Assets 2022: $804Liabilities 2022: $0Net Assets 2022: $8042022Assets 2023: $34,393Liabilities 2023: $0Net Assets 2023: $34,3932023Assets 2024: $3,194Liabilities 2024: $0Net Assets 2024: $3,1942024

Highlighted filing

2018

Assets$2,699
Liabilities-
Net Assets$2,699
Open 2018 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $190,000Expenses 2014: $26,143Net Income 2014: $163,8572014Revenue 2015: $89,000Expenses 2015: $104,290Net Income 2015: -$15,2902015Revenue 2016: $52,700Expenses 2016: $156,188Net Income 2016: -$103,4882016Revenue 2017: $42,062Expenses 2017: $82,546Net Income 2017: -$40,4842017Revenue 2018: $40,400Expenses 2018: $42,297Net Income 2018: -$1,8972018Revenue 2019: $10,300Expenses 2019: $12,405Net Income 2019: -$2,1052019Revenue 2020: $13,000Expenses 2020: $227Net Income 2020: $12,7732020Revenue 2021: $166,000Expenses 2021: $127,125Net Income 2021: $38,8752021Revenue 2022: $544,125Expenses 2022: $595,563Net Income 2022: -$51,4382022Revenue 2023: $151,200Expenses 2023: $117,611Net Income 2023: $33,5892023Revenue 2024: $70,500Expenses 2024: $101,699Net Income 2024: -$31,1992024

Highlighted filing

2018

Revenue$40,400
Expenses$42,297
Net Income-$1,897
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 26, 2019
Return Version
2018v3.1
Gross Receipts
$40,400
Mission and Program Overview

Mission

Our purpose is to operate missionary work, relief work, and scholarship assistance program.

Program Services

DescriptionGrantsExpenses
YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM$33,574$33,574
MISSIONARY WORK$4,000$4,000
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YOUNG HO CHOIDirector-$0--
BO KYUNG CHOIDirector-$0--
SANG HOON KANGDirector-$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
2019-04-26

Preparer

Firm
David Shin CPA Pc
Address
21814 NORTHERN BLVD STE 108, BAYSIDE, NY 11361-3580
Preparer
David Shin
Phone
7183520884
Supplemental Narrative

Additional Explanations

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: scholoarship name: johns university cash contribution: 8,574”

Form 990-ez, Part I, Line 16

“Expenses insurance 197 state annual fee 26 total 223”

Form 990-ez, Part III

“Our purpose is to operate missionary work, relief work, and scholarship assistance program.”

Raw XML Appendix131 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0WAY GATE FOUNDATION INC
IRS990EZ/BooksInCareOfDetail/PhoneNum07328734040
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt065 CLYDE ROAD STE A
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SOMERSET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008873
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt04596
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02699
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt040400
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1897
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt04500
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt04596
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02699
IRS990EZ/GrantsAndSimilarAmountsPaidAmt037574
IRS990EZ/GrossReceiptsAmt040400
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt04596
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02699
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt04596
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02699
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YOUNG HO CHOI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BO KYUNG CHOI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SANG HOON KANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0223
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0OUR PURPOSE IS TO OPERATE MISSIONARY WORK, RELIEF WORK, AND SCHOLARSHIP ASSISTANCE PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MISSIONARY WORK
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1YOUTH EDUCATION AND SCHOLARSHIP ASSISTANCE PROGRAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt133574
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt133574
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt042297
IRS990EZ/TotalProgramServiceExpensesAmt037574
IRS990EZ/TotalRevenueAmt040400
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt040400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt052700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt089000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0190000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0414100
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt062
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt035128
IRS990ScheduleA/SubstantialContributorsTotAmt0378972
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt040400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt042000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt052700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt089000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0190000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0414100
IRS990ScheduleA/TotalSupportAmt0414100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 10,000 RELATIONSHIP: NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLASS OF ACTIVITY: YOUTH EDUCATION NAME: FAITH THEOLOGICAL SEMINARY ADDRESS: 529 WALKER AVENUE BALTIMORE, MD 21212 CASH CONTRIBUTION: 10,000 CLASS OF ACTIVITY: SCHOLOARSHIP NAME: JOHNS UNIVERSITY CASH CONTRIBUTION: 8,574
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES INSURANCE 197 STATE ANNUAL FEE 26 TOTAL 223
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUR PURPOSE IS TO OPERATE MISSIONARY WORK, RELIEF WORK, AND SCHOLARSHIP ASSISTANCE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YOUNG HO CHOI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07328734040
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAY & GATE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WAY&
ReturnHeader/Filer/EIN0464314655
ReturnHeader/Filer/PhoneNum07328734040
ReturnHeader/Filer/USAddress/AddressLine1Txt065 CLYDE RD RM/STE A
ReturnHeader/Filer/USAddress/CityNm0SOMERSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008873
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05AA0DE224A33C1F6BC0871E31C99101A1952DABA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05AA0DE224A33C1F6BC0871E31C99101A1952DABA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.187.227.140
ReturnHeader/FilingSecurityInformation/IPDt02019-05-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:39:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113323329
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID SHIN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021814 NORTHERN BLVD STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BAYSIDE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113613580
ReturnHeader/PreparerPersonGrp/PhoneNum07183520884
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID SHIN
ReturnHeader/ReturnTs02019-05-06T09:39:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,699
Liabilities
-
Net assets
$2,699
Revenue
$40,400
Expenses
$42,297
Net income
-$1,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.71$1.02$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$1.51$1.18$0.34
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$5.44$5.96$0.51
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.66$1.27$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.13$0.00$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.10$0.12$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.40$0.42$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.42$0.83$0.40
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.45$0.53$1.56$1.03
2015Detailed filing. Detailed filing data is available for this year.$1.49$1.49$0.89$1.04$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.64$1.64$1.90$0.26$1.64
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00