Gateway Rescue Mission 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
Gateway Rescue Mission meets the needs of the homeless through the Gospel of Jesus Christ. Jesus got His hands dirty dealing with people and we do the same. We proclaim a Jesus who has the power to save and transform. We follow a Jesus who instructs us to help the downtrodden, love the unlovable and help the helpless. Gateway Rescue Mission is registered with the IRS as a 501(c)(3) non-profit and religious organization, and is 100% funded by private donations from individuals, churches, foundations, and businesses.
Contact information
Mailing address:
Gateway Rescue Mission
PO Box 3763
Jackson, MS 39207
Website: gatewaymission.org
Phone: 601-353-9468
Email: info@gatewaymission.org
Organization details
EIN: 640369382
CEO/President: Rex Baker
Chairman: Ford Mosby
Board size: 11
Founder: Captain Len Martin
Year founded: 1960
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2012
Purpose
We can't save anyone. That's God's job. Our job is to be a vessel. That's what we are at Gateway Rescue Mission... God's vessel to pour out His mercy on those whom He will show mercy right here in Jackson, Mississippi. Gateway Rescue Mission serves the physical and spiritual needs of the homeless. We do this by providing tasty, nutritious meals for the body, a clean bed for the night, and a message of hope in Jesus Christ for the soul. We also offer programs for those seeking biblical life transformation.
Mission statement
Gateway Rescue Mission exists to offer life changing hope through the Gospel of Jesus Christ to homeless men, women, and children through programs to deliver food, shelter, counseling and discipleship.
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 530 of 817 | 91 of 150 |
| Fund acquisition rating | | 588 of 817 | 103 of 150 |
| Resource allocation rating | | 720 of 817 | 132 of 150 |
| Asset utilization rating | | 131 of 817 | 28 of 150 |
Financial ratios
| Funding ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 15% | 14% | 13% | 19% | 17% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 13% | 8% | 8% | 12% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 91% | 85% | 58% | 61% | 62% | 56% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 9% | 12% | 10% | 8% | 12% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 9% | 15% | 42% | 39% | 38% | 44% |
| Operating ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 69% | 68% | 70% | 67% | 71% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 110% | 86% | 98% | 95% | 102% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 76% | 58% | 69% | 64% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -10% | 14% | 2% | 5% | -2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | -13% | 20% | 3% | 10% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 19% | 23% | 22% | 21% | 20% |
| Investing ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.62 | 1.33 | 1.20 | 1.27 | 1.32 | 1.48 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.90 | 3.02 | 4.46 | 4.72 | 5.19 | 4.81 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.49 | 4.01 | 5.35 | 5.97 | 6.84 | 7.11 |
| Liquidity ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.92 | 5.74 | 5.60 | 4.33 | 3.73 | 5.07 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.17 | 0.18 | 0.23 | 0.27 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.13 | 2.47 | 1.84 | 1.55 | 1.28 | 1.36 |
| Solvency ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 6% | 4% | 27% | 30% | 38% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 21% | 23% | 31% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 71% | 80% | 57% | 53% | 42% |
Financials
| Balance sheet | |||||
| Assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Cash | $707,980 | $501,310 | $451,880 | $449,618 | $466,077 |
| Receivables, inventories, prepaids | $49,295 | $68,869 | $114,525 | $84,784 | $123,724 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $757,275 | $570,179 | $566,405 | $534,402 | $589,801 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,516,159 | $1,959,910 | $2,020,174 | $2,088,384 | $2,196,907 |
| Other long-term assets | $12,556 | $14,378 | $84,832 | $153,096 | $51,377 |
| Total long-term assets | $1,528,715 | $1,974,288 | $2,105,006 | $2,241,480 | $2,248,284 |
| Total assets | $2,285,990 | $2,544,467 | $2,671,411 | $2,775,882 | $2,838,085 |
| Liabilities | 2018 | 2017 | 2016 | 2015 | 2014 |
| Payables and accrued expenses | $131,958 | $101,861 | $130,698 | $143,261 | $116,271 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $131,958 | $101,861 | $130,698 | $143,261 | $116,271 |
| Debt | $0 | $0 | $568,137 | $633,930 | $891,360 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $8,867 | $31,160 | $54,513 | $78,973 |
| Total long-term liabilities | $0 | $8,867 | $599,297 | $688,443 | $970,333 |
| Total liabilities | $131,958 | $110,728 | $729,995 | $831,704 | $1,086,604 |
| Net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Unrestricted | $2,154,032 | $2,030,444 | $1,939,916 | $1,940,812 | $1,744,981 |
| Temporarily restricted | $0 | $403,295 | $1,500 | $3,366 | $6,500 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $2,154,032 | $2,433,739 | $1,941,416 | $1,944,178 | $1,751,481 |
| Revenues and expenses | |||||
| Revenue | 2018 | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $2,351,918 | $2,072,792 | $2,116,232 | $2,368,055 | $2,285,126 |
| Program service revenue | $950,347 | $1,081,863 | $1,284,257 | $1,471,231 | $1,787,675 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($542,851) | ($90) | $273 | ($12,499) | $16 |
| Other revenue | $1,147 | $389,537 | $50,139 | $19,087 | $24,792 |
| Total other revenue | $408,643 | $1,471,310 | $1,334,669 | $1,477,819 | $1,812,483 |
| Total revenue | $2,760,561 | $3,544,102 | $3,450,901 | $3,845,874 | $4,097,609 |
| Expenses | 2018 | 2017 | 2016 | 2015 | 2014 |
| Program services | $2,103,284 | $2,060,338 | $2,364,957 | $2,445,710 | $2,961,456 |
| Management and general | $586,221 | $694,010 | $738,412 | $763,551 | $848,302 |
| Fundraising | $350,763 | $297,431 | $280,303 | $443,916 | $382,565 |
| Total expenses | $3,040,268 | $3,051,779 | $3,383,672 | $3,653,177 | $4,192,323 |
| Change in net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | ($279,707) | $492,323 | $67,229 | $192,697 | ($94,714) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($279,707) | $492,323 | $67,229 | $192,697 | ($94,714) |
Compensation
| Name | Title | Compensation |
| Rex Baker | Executive Di | $90,663 |
| Bentley Edwards | Chief Financ | $90,243 |
Compensation data as of: 12/31/2018
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information below, please email: info@ministrywatch.com
History
Gateway Rescue Mission was founded by Captain Len Martin of the Jackson Fire Department in 1948. Captain Martin was compelled to help the homeless, and Gateway Rescue Mission remains faithful to the charge of helping the homeless. Offering hope through the Gospel of Jesus Christ, Gateway Rescue Mission is committed to providing those in need with shelter, food, clothing, and rehabilitation.
Program accomplishments
On any given night 100 people are off the streets and in safe shelter at a Gateway Rescue Mission facility. Our programs include 40 beds for men, 12 beds for women at Ruths Refuge, 52 beds for men struggling with addiction, and 3 meals a day to the homeless and hungry.