Nonprofit · EIN 42-1270203
GATEWAY AREA FOUNDATION
Tax-exempt · CLINTON, IA 52732
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $74,089 | $76,777 | -$2,688 | $597,918 | $10,570 | $587,348 |
| May 31, 2023 | 990 | $57,394 | $60,139 | -$2,745 | $585,565 | $9,882 | $575,683 |
| May 31, 2022 | 990 | $82,575 | $83,079 | -$504 | $587,490 | $9,062 | $578,428 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $64,521
- Investment income
- $0
- Other revenue
- $9,568
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $45,512
- Depreciation
- $16,615
- Program services (functional)
- $76,777
Balance sheet and other
- Total assets, start of year
- $600,178
- Total assets, end of year
- $597,918
- Total liabilities, end of year
- $10,570
- Net assets, end of year
- $587,348
- Land, buildings and equipment
- $445,222
- Net assets without donor restrictions
- $580,361
- Net assets with donor restrictions
- $6,987
- Gross receipts
- $74,089
- Employees
- 0
- Year formed
- 2002
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF ATKINSON | CHAIR Trustee or director, Officer | – | $0 |
| EDDIE DUNHAM | DIRECTOR Trustee or director | – | $0 |
| MELISSA EVERSMEYER | TREASURER Trustee or director, Officer | – | $0 |
| DANIEL HOUSENGA | DIRECTOR Trustee or director | – | $0 |
| KAREN ROWELL | DIRECTOR Trustee or director | – | $0 |
| ANDREW SOKOLOVICH | SECRETARY Trustee or director | – | $0 |
| LORI SUSIE | DIRECTOR Trustee or director | – | $0 |
| ROD TOKHEIM | DIRECTOR Trustee or director | – | $0 |
| BRIGHAM TUBBS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF ATKINSON | CHAIR Trustee or director, Officer | – | $0 |
| EDDIE DUNHAM | DIRECTOR Trustee or director | – | $0 |
| MELISSA EVERSMEYER | TREASURER Trustee or director, Officer | – | $0 |
| DANIEL HOUSENGA | DIRECTOR Trustee or director | – | $0 |
| KAREN ROWELL | DIRECTOR Trustee or director | – | $0 |
| ANDREW SOKOLOVICH | SECRETARY Trustee or director | – | $0 |
| LORI SUSIE | DIRECTOR Trustee or director | – | $0 |
| ROD TOKHEIM | DIRECTOR Trustee or director | – | $0 |
| BRIGHAM TUBBS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended May 31, 2022: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF ATKINSON | CHAIR Trustee or director, Officer | 1 | $0 |
| EDDIE DUNHAM | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA EVERSMEYER | TREASURER Trustee or director, Officer | 1 | $0 |
| DANIEL HOUSENGA | DIRECTOR Trustee or director | 1 | $0 |
| MIKE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD PHELAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KAREN ROWELL | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW SOKOLOVICH | SECRETARY Trustee or director | 1 | $0 |
| LORI SUSIE | DIRECTOR Trustee or director | 1 | $0 |
| ROD TOKHEIM | DIRECTOR Trustee or director | 1 | $0 |
| BRIGHAM TUBBS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 721 SOUTH SECOND STREET, CLINTON, IA 52732-4259
- In care of
- % JULIE ALLESEE
- Principal officer (990 for 2024)
- ANDREW SOKOLOVICH, 1355 WOODLAWN AVE, CLINTON, IA 52732
- Signed the 990
- ANDREW SOKOLOVICH, SECRETARY
- Phone
- (563) 242-5702
- Return prepared by
- PADGETT BUSINESS SERVICES
Mission
TO PROMOTE ECONOMIC EDUCATION AND COMMUNITY DEVELOPMENT
Program accomplishments
- PROVIDE FUNDING FOR EDUCATIONAL AND LEADERSHIP PROJECTS AND COMMUNITY DEVELOPMENTExpenses $76,777 · revenue $69,089
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | Check at the IRS |
IRS record
- EIN
- 42-1270203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $597,918
- Income (IRS master file)
- $74,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $74,089 | $76,777 | $597,918 | XML |
| 990 | May 2023 | $57,394 | $60,139 | $585,565 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $82,575 | $83,079 | $587,490 | XML |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1270203).
Questions about GATEWAY AREA FOUNDATION
- What is the EIN of GATEWAY AREA FOUNDATION?
- The employer identification number (EIN) of GATEWAY AREA FOUNDATION is 42-1270203.
- Is GATEWAY AREA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to GATEWAY AREA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GATEWAY AREA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GATEWAY AREA FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GATEWAY AREA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of GATEWAY AREA FOUNDATION?
- The 990 for the year ended May 31, 2025 names ANDREW SOKOLOVICH.
- Who are the officers and directors of GATEWAY AREA FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does GATEWAY AREA FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $74,089, expenses of $76,777 and total assets of $597,918 at year end.
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