Gateway Economic Development Corporation Of Greater Cleveland

Organization Overview

Gateway Economic Development Corporation Of Greater Cleveland is located in Cleveland, OH. The organization was established in 1992. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Gateway Economic Development Corporation Of Greater Cleveland employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Economic Development Corporation Of Greater Cleveland is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Gateway Economic Development Corporation Of Greater Cleveland generated $30.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $60.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC DEVELOMENT IN ORDER TO PREVENT THE CONDITIONS OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Todd Greathouse
Executive Di
$150,858
Brian Kelly
Controller
$129,143
Teri Acosta
Trustee - Pa
$0
Ken Silliman
Trustee - Pa
$0
Matt Carroll
Trustee - Pa
$0
Davita Russell
Trustee - Pa
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Relmec Mechanical Llc
Construction
$3,836,478
Whiting-turner Contracting Co
Construction
$3,353,912
Logicalis
Wireless Serv
$844,844
Securitas Security Services Usa
Security
$510,973
Creative Concepts Flooring Systems
Cosntruction
$479,256
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$27,727,601
Investment income $72
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,122,951

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