Way & Gate Foundation Inc

MONROE ROWNSHIP, NJ EIN: 46-4314655

Way & Gate Foundation Inc is a private foundation focused on Religion Related, based in MONROE ROWNSHIP, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 1 grants totaling $44K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3K

-90.7% YoY

Annual Giving

$44K

+259.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$44K

+259.6% YoY

Under IRS private-foundation payout rules, Way & Gate Foundation Inc reported a distributable amount of $150 for 2024 — the minimum it must pay out in qualifying distributions.

About Way & Gate Foundation Inc

Based on IRS filings

Focus Areas

Religion Related

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arkansas $93K (69%)

Texas $42K (31%)

States

Arkansas Texas

Cities

ArlingtonSiloam Springs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,194	$34,393	$804
Revenue	$70,500	$151,200	$544,125
Expenses	$101,699	$117,611	$595,563
Qualifying Distributions	$99,466	$117,365	$593,241
Net Investment Income	—	—	—
Distributable Amount	$150	$261	$143

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Seunghan Park ($44,466).

Recipient	Purpose	Amount
SEUNGHAN PARK SILOAM SPRINGS, AR	GRANT	$44,466

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Religion Related

Frequently Asked Questions

What is Way & Gate Foundation Inc?

Way & Gate Foundation Inc is a private foundation focused on Religion Related, based in MONROE ROWNSHIP, NJ. It holds $3K in total assets as of 2024.

How large is Way & Gate Foundation Inc?

As of 2024, Way & Gate Foundation Inc holds $3K in total assets with $71K in annual revenue. It awarded 1 grants totaling $44K in 2024.

Where does Way & Gate Foundation Inc operate?

Way & Gate Foundation Inc has awarded grants in Arkansas, Texas.

What size grants does Way & Gate Foundation Inc award?

In 2024, Way & Gate Foundation Inc awarded 1 grants totaling $44K — an average of about $44K per grant, based on its IRS Form 990 filings.

How much is Way & Gate Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Way & Gate Foundation Inc reported a distributable amount of $150 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.