Success Gateway Academy Ltd.

990EZ • Fiscal year 2023 • EIN 83-2910442

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 16, 2023

Organization Profile www.SuccessGatewayAcademy.org

3102 Loring Road NWKennesaw, GA 30152

(770) 626-2558

Siviq Scores

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

10.66x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

0.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

-13%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

$48,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 41.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

0.2%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

14%

Faster revenue growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets99th percentile

Assets

$3,377

Up $6 (+0.2%) from 2022

Net Assets

Down

-$32,609

Down $14,588 (-81%) from 2022

Liabilities

$35,986

Up $14,594 (+68%) from 2022

Revenue And Expenses

Liabilities / Revenue90th percentile Net Margin25th percentile

Revenue

$116,242

Up $14,451 (+14%) from 2022

Expenses

$130,830

Up $25,179 (+24%) from 2022

Net Income

Down

-$14,588

Down $10,728 (-278%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

Highlighted filing

2023

Assets$3,377

Liabilities$35,986

Net Assets-$32,609

Open 2023 Filing

Operations Trend

Revenue Growth60th percentile

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

Highlighted filing

2023

Revenue$116,242

Expenses$130,830

Net Income-$14,588

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2022 to Jun 30, 2023
Signed: Oct 16, 2023
Return Version: 2022v5.0
Gross Receipts: $116,242

Mission and Program Overview

Mission

Educational program for students with sensory attention and learning difficulties.

Program Services

Description	Grants	Expenses
The program administers core curriculum to students who struggle in a traditional classroom. Organizational social and study skills are incorporated into the program. This is our 4th year with 10 students for 180 days of classes. The goal is to expand the program each year to serve more students.	$0	$85,840

Compensation and Service Providers

Top Officer Pay92nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Christine L Price	President	FT	$48,000	-	$48,000
Kwame Kiakpornoo	Member At Large	-	$0	-	-
Kelly Drawdy	Treasure	-	$0	-	-
Rita Schuchardt	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Success Gateway Academy Ltd
EIN: 83-2910442
In Care Of: % Christine Price
Address: 3102 Loring Road NW, Kennesaw, GA 30152

Signing Officer

Name: Christine L Price
Title: President
Signed: 2023-10-16

Supplemental Narrative

Additional Explanations

Part I, line 16

“| Other Expenses:, Amount:| Office Expenses, $3042| Marketing Expenses, $2546| Interest Expense, $500| Location Relocation: Moving renovations, $5754| Insurance and Local Business License, $807| Payment processing professional associations general expense, $3946| Internet Related, $3268| Education Program: SIS Student Supplies Curriculum Testing accrediation, $9954|”

Part II, line 24

“| Explanation:, BOYAmount:, EOYAmount:| Cash, $, $| Savings, $, $| Investments, $, $| Land and Buildings, $, $| Inventory, $, $| Prepaid Expenses, $, $| Organization's share of assets, $, $| Security Deposit: Cobb EMC, $500, $500| Security Deposit: Location, $0, $1800| Furniture and Fixtures, $0, $1077|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| Grants Payable, $, $| Accounts Payable: Loan from Lutz $10,000 and Price $25,608.52, $21392, $35289| Mortgages or other loans payable: Checking balance, $0, $697|”

Part IV, Line 1

“| Explanation:| Christine L Price Holds the position of director and teacher”

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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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	Rita Schuchardt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
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IRS990EZ/OperateHospitalInd	0	false
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IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	500
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	3377
IRS990EZ/OtherExpensesTotalAmt	0	29817
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IRS990EZ/PrintingPublicationsPostageAmt	0	20
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IRS990ScheduleA/SchoolInd	0	X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt	0	\| PartandLinenumber:,Explanation:\| Part1Line3,Published in local newspaper\|
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Part I
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	\| Other Expenses:, Amount:\| Office Expenses, $3042\| Marketing Expenses, $2546\| Interest Expense, $500\| Location Relocation: Moving renovations, $5754\| Insurance and Local Business License, $807\| Payment processing professional associations general expense, $3946\| Internet Related, $3268\| Education Program: SIS Student Supplies Curriculum Testing accrediation, $9954\|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	\| Explanation:, BOYAmount:, EOYAmount:\| Cash, $, $\| Savings, $, $\| Investments, $, $\| Land and Buildings, $, $\| Inventory, $, $\| Prepaid Expenses, $, $\| Organization's share of assets, $, $\| Security Deposit: Cobb EMC, $500, $500\| Security Deposit: Location, $0, $1800\| Furniture and Fixtures, $0, $1077\|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	\| Explanation:, BOYAmount:, EOYAmount:\| Grants Payable, $, $\| Accounts Payable: Loan from Lutz $10,000 and Price $25,608.52, $21392, $35289\| Mortgages or other loans payable: Checking balance, $0, $697\|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	\| Explanation:\| Christine L Price Holds the position of director and teacher
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Part IV, Line 1
ReturnHeader/BuildTS	0	2023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Christine L Price
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2023-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	SUCCESS GATEWAY ACADEMY LTD
ReturnHeader/Filer/BusinessNameControlTxt	0	SUCC
ReturnHeader/Filer/EIN	0	832910442
ReturnHeader/Filer/ForeignPhoneNum	0	7706262558
ReturnHeader/Filer/InCareOfNm	0	% Christine Price
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	3102 Loring Road NW
ReturnHeader/Filer/USAddress/CityNm	0	Kennesaw
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	GA
ReturnHeader/Filer/USAddress/ZIPCd	0	30152
ReturnHeader/ReturnTs	0	2023-10-16T06:56:21-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2022-07-01
ReturnHeader/TaxPeriodEndDt	0	2023-06-30
ReturnHeader/TaxYr	0	2022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $3,377
Liabilities: $35,986
Net assets: -$32,609
Revenue: $116,242
Expenses: $130,830
Net income: -$14,588

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.05	$0.43	$0.37	$1.39	$1.43	$0.05
2023Detailed filing. Detailed filing data is available for this year.	$0.03	$0.36	$0.33	$1.16	$1.31	$0.15
2022Detailed filing. Detailed filing data is available for this year.	$0.03	$0.21	$0.18	$1.02	$1.06	$0.04
2021Summary only. Only limited summary data is available for this year.	$0.35	$0.49		$0.85	$0.82	$0.02
2020Summary only. Only limited summary data is available for this year.	$0.00	$0.17		$0.31	$0.39	$0.08
2019Summary only. Only limited summary data is available for this year.	$0.04	$0.13		$0.00	$0.08	$0.08