Civic Intelligence

Way & Gate Foundation Inc.

990PF • Fiscal year 2023 • EIN 46-4314655

Jan 01, 2023 to Dec 31, 2023 • Filed on May 12, 2024

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

(212) 868-3378

Siviq Scores

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

Liabilities / Assets

65th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE X99 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE X99 • <$500k nonprofits • Source year 2023

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2023 filings • NTEE X99 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • NTEE X99 • <$500k nonprofits • Source year 2023

Asset Growth

99th percentile

4178%

Faster asset growth than 99% of similar nonprofits.

2023 filings • NTEE X99 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-72%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • NTEE X99 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$34,393

Up $33,589 (+4178%) from 2022

Net Assets

Up

$34,393

Up $33,589 (+4178%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin72nd percentile

Revenue

Down

$151,200

Down $392,925 (-72%) from 2022

Expenses

Down

$117,611

Down $477,952 (-80%) from 2022

Net Income

Up

$33,589

Up $85,027 (+165%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2023

Assets$34,393
Liabilities$0
Net Assets$34,393
Open 2023 Filing

Operations Trend

Revenue Growth5th 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

2023

Revenue$151,200
Expenses$117,611
Net Income$33,589
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 12, 2024
Return Version
2023v5.0
Mission and Program Overview

Mission

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

Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Director-$0--
-Director-$0--
Filing and Contact Details

Filer

Filer Name
Way & Gate Foundation Inc
EIN
46-4314655
Address
65 CLYDE RD RM/STE A, SOMERSET, NJ 08873

Signing Officer

Name
Young Ho Choi
Title
Director
Phone
7328734040
Signed
2024-05-12

Preparer

Firm
Sejong Llp
Address
65 CHALLENGER RD STE 250, RIDGEFIELD PARK, NJ 07660-2122
Preparer
Jung Soo Kim
Phone
2128683378
Raw XML Appendix228 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.

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IRS990PF/StatementsRegardingActyGrp/PhoneNum07328734040
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0APPLICATION FOR SCHOLARSHIP: WE REQUIRED APPLICATION FORM AND AN APPLICANT'S PERSONAL LETTER.APPLICATION FORM SHALL INCLUDE DEMOGRAPHIC INFORMATION AND BE ATTACHED WITH COPIES OF ID AND SOCIAL SECURITY CARD, IF POSSIBLE. PERSONAL LETTER SHALL EXPLAIN THE APPLICANT'S PURPOSE, EDUCAITON,FUTURE PLAN AND ETC.
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0NO DEADLINE. IT IS OPEN ALL YEAR LONG.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YOUNG HO CHOI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07328734040
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-12
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ReturnHeader/PreparerPersonGrp/PhoneNum02128683378
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUNG SOO KIM
ReturnHeader/ReturnTs02024-05-15T08:51:08-04:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YOUNG HO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHOI
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,393
Liabilities
$0
Net assets
$34,393
Revenue
$151,200
Expenses
$117,611
Net income
$33,589
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