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Newgate Education And Research Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411261358 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Newgate Education And Research Center Inc?

Newgate Education and Research Center Inc, situated in Minneapolis, Minnesota, is a nonprofit organization dedicated to empowering unemployed or underemployed individuals. Their primary mission is to equip these individuals with essential vocational skills and a strong work ethic in the automotive repair technology sector. To achieve this goal, they provide comprehensive education, vocational training, employment placement, and additional support services. By transforming donated cars into resources for automotive training and social services, Newgate offers low-income adults in the Twin Cities area the opportunity to gain employment, transportation, and ultimately, self-sufficiency. The organization currently employs 18 individuals, contributing positively to their local community.


Official website here: www.newgateschool.org

Is Newgate Education And Research Center Inc legitimate?

Newgate Education And Research Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newgate Education And Research Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $145,930
Professional Fundraising Fees: $0
Other Salaries and Wages: $671,261

For more financial information, click here


Official website here: www.newgateschool.org

What is the mission statement of Newgate Education And Research Center Inc?

The Newgate Education and Research Center Inc's mission is centered around assisting individuals in achieving employment success. This is accomplished through the provision of education, vocational training, employment placement, and various support services. The organization's mission further extends to transforming donated vehicles into programs that offer low-income adults in the Twin Cities with automotive training, job opportunities, and transportation assistance. These initiatives aim to empower these individuals, helping them to gain the necessary skills, work ethic, and self-confidence required to excel in their careers in the automotive repair technology sector.


Official website here: www.newgateschool.org

Who is the CEO of Newgate Education And Research Center Inc?

Blythe Severson is the President of Newgate Education And Research Center Inc.


Official website here: www.newgateschool.org

What is the revenue of Newgate Education And Research Center Inc?

Newgate Education And Research Center Inc's revenue in 2023 was $3,555,350.


Official website here: www.newgateschool.org

Who are the executives of Newgate Education And Research Center Inc and what are their salaries?

The average compensation at Newgate Education And Research Center Inc during 2023 was $45,400. There are 18 employees at Newgate Education And Research Center Inc.

Here are 5 key members and their salaries:

    Blythe Severson (Secretary) [Trustee/Director]
  • Compensation: $100,500
  • Related: $0
  • Other: $5,025

    • Gary L Clark (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Zins (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Warren Peterson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Jensen (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newgateschool.org

    Where can I find the form 990 for Newgate Education And Research Center Inc?

    The Newgate Education And Research Center Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.newgateschool.org

    Learn more at the official website: www.newgateschool.org

    Mission Statement of Newgate Education And Research Center Inc

    Newgate Education and Research Center Inc is dedicated to assisting Minnesota citizens in achieving employment success. They accomplish this by providing education, vocational training, employment placement, and various support services. This nonprofit organization's mission is to transform tax-deductible donations of cars into automotive training and social service programs. These programs aim to equip low-income adults in the Twin Cities with the necessary vocational skills, work ethic, and self-confidence required to excel in a career in the automotive repair technology field, thereby helping them achieve self-sufficiency.

    Impact

    This information is meant to be a general summary of Newgate Education And Research Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Newgate Education And Research Center Inc's impact is significant in assisting Minnesota citizens in becoming successfully employed by providing education, vocational training, employment placement, and other support services. Specifically focusing on individuals who are unemployed or underemployed, the organization equips them with vocational skills, a strong work ethic, and the personal confidence needed to succeed in a career in automotive repair technology. By turning tax-deductible gifts of donated cars into automotive training and social service programs, Newgate Education And Research Center Inc provides low-income adults in the Twin Cities with valuable training, job opportunities, and transportation resources to help them achieve self-sufficiency. The organization's mission to empower individuals through education and employment opportunities leaves a tangible impact on the community, paving the way for brighter futures for those in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $-14,354
  • Program Service Revenue: $2,423,182
  • Gross Receipts: $3,975,211

    • Assets and Liabilities:
  • Total Assets: $5,301,465
  • Total Liabilities: $203,747
  • Net Assets: $5,097,718
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    VEHICLE SALES

    Revenue

    $2,390,437

    OTHER INCOME

    Revenue

    $32,745

    Organization Details

    Founding Year

    1975

    Principal Officer

    Blythe Severson

    Main Address

    2900 E HENNEPIN AVENUE, MINNEAPOLIS, MN, 55413

    NTEE Category

    Code: B28J - Education

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