Civic Intelligence

Way & Gate Foundation Inc.

990PF • Fiscal year 2024 • EIN 46-4314655

Jan 01, 2024 to Dec 31, 2024 • Filed on May 06, 2025

Organization ProfileN/A
7 Fitzgerald AveMonroe Rownship, NJ 08831

(732) 873-4040

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

2024 filings • NTEE X99 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

2024 filings • NTEE X99 • <$500k nonprofits • Source year 2024

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

2024 filings • NTEE X99 • <$500k nonprofits • Source year 2024

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2024 filings • NTEE X99 • <$500k nonprofits • Source year 2024

Asset Growth

4th percentile

-91%

Faster asset growth than 4% of similar nonprofits.

2024 filings • NTEE X99 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-53%

Faster revenue growth than 12% of similar nonprofits.

2024 filings • NTEE X99 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$3,194

Down $31,199 (-91%) from 2023

Net Assets

Down

$3,194

Down $31,199 (-91%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin8th percentile

Revenue

Down

$70,500

Down $80,700 (-53%) from 2023

Expenses

Down

$101,699

Down $15,912 (-14%) from 2023

Net Income

Down

-$31,199

Down $64,788 (-193%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2024

Assets$3,194
Liabilities$0
Net Assets$3,194
Open 2024 Filing

Operations Trend

Revenue Growth12th 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

2024

Revenue$70,500
Expenses$101,699
Net Income-$31,199
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Mission and Program Overview

Mission

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

Compensation and Service Providers
Top Officer Pay76th percentile

Employees

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

Filer

Filer Name
Way & Gate Foundation Inc
EIN
46-4314655
Phone
7328734040
Address
7 FITZGERALD AVE, MONROE ROWNSHIP, NJ 08831

Signing Officer

Name
Young Ho Choi
Title
Director
Phone
7328734040
Signed
2025-05-06

Preparer

Firm
Sejong Llp
Address
65 CHALLENGER RD STE 250, RIDGEFIELD PARK, NJ 07660-2122
Preparer
Jungsoo Kim
Phone
2128683378
Raw XML Appendix220 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/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
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IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
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IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0true
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IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0NJ
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0TAXPAYER
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine2Txt0WAY & GATE FOUNDATION INC
IRS990PF/StatementsRegardingActyGrp/PhoneNum07328734040
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0SUPPORT FOR CHURCH
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0GRANTS/SIMILAR AMTS PAID TO INDIVIDUALS
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses1Amt050000
IRS990PF/SummaryOfDirectChrtblActyGrp/Expenses2Amt049466
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0N/A
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.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0FOUNDERS OF WAY GATE FOUNDATION
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IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0NO DEADLINE. IT IS OPEN ALL YEAR LONG.
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IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0932101
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IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt0117104
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0593098
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0122583
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt099466
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt099316
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0942069
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0842753
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1YOUNH HO CHOI
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt115 WEDGEWOOD CT
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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt130
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt22000
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0YOUNG HO CHOI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07328734040
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAY & GATE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WAY&
ReturnHeader/Filer/EIN0464314655
ReturnHeader/Filer/PhoneNum07328734040
ReturnHeader/Filer/USAddress/AddressLine1Txt07 FITZGERALD AVE
ReturnHeader/Filer/USAddress/CityNm0MONROE ROWNSHIP
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008831
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010754454
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SEJONG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt065 CHALLENGER RD STE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGEFIELD PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0076602122
ReturnHeader/PreparerPersonGrp/PhoneNum02128683378
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUNGSOO KIM
ReturnHeader/ReturnTs02025-05-06T13:24:07-04:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,194
Liabilities
$0
Net assets
$3,194
Revenue
$70,500
Expenses
$101,699
Net income
-$31,199
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