Gateway Research Park Inc
- Assets
- $75.9m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Greensboro, NC
- Founding
- 12/2004
- Data as of
- 06/2023
- EIN
- 90-0131526
Organization Overview
Gateway Research Park Inc is located in Greensboro, NC. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Gateway Research Park Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gateway Research Park Inc 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 06/2023, Gateway Research Park Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $7.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A CATALYST FOR UNIVERSITY RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BE A CATALYST FOR ENHANCING THE RESEARCH ENTERPRISE FOR NORTH CAROLINA AGRICULTURAL & TECHNICAL STATE UNIVERSITY AND THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO WHILE ENHANCING/PROMOTING THE COMMUNITY THROUGH ECONOMIC AND CULTURAL DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Charles E Mcqueary Chair | OfficerTrustee | 5 | $0 |
Dr Debbie Storrs Member, Board Of Directors | Trustee | 1 | $0 |
Dr Eric Muth Vice Chair | OfficerTrustee | 1 | $0 |
Mr Robert Pompey Member, Board Of Directors | Trustee | 1 | $0 |
Dr Harold Martin Member, Board Of Directors | Trustee | 5 | $0 |
Dr Franklin Gilliam Jr Member, Board Of Directors | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Envisicon Company Llc Construction | 6/29/23 | $197,242 |
Admiral Security Services Security | 6/29/23 | $168,429 |
Southeastern Service Group Inc Janitorial/maintenance | 6/29/23 | $159,832 |
Christman Mid Atlantic Contractors Llc Construction | 6/29/23 | $116,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,135 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,554,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,578 |
| Total Program Service Revenue | $4,115,373 |
| Investment income | $481,640 |
| 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 | $6,286,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,683 |
| Compensation of current officers, directors, key employees. | $56,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $871,616 |
| Pension plan accruals and contributions | $44,624 |
| Other employee benefits | $69,111 |
| Payroll taxes | $69,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,744 |
| Advertising and promotion | $3,063 |
| Office expenses | $29,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,092,446 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $992,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,488,912 |
| Insurance | $159,974 |
| All other expenses | $12,912 |
| Total functional expenses | $7,519,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,891,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,824,387 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,462 |
| Net Land, buildings, and equipment | $67,270,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $926,016 |
| Total assets | $75,933,688 |
| Accounts payable and accrued expenses | $354,020 |
| Grants payable | $0 |
| Deferred revenue | $6,566,290 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,237,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $926,016 |
| Total liabilities | $25,083,547 |
| Net assets without donor restrictions | $50,850,141 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,933,688 |