University Gateway Corporation

Organization Overview

University Gateway Corporation is located in Minneapolis, MN. The organization was established in 1997. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, University Gateway Corporation employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Gateway Corporation 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 06/2021, University Gateway Corporation generated $4.3m 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 (5.5%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. 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

TO OWN AND OPERATE A FACILITY TO BE USED TO SUPPORT ITS BENEFICIARY ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PROGRAM SERVICES OF THE UNIVERSITY GATEWAY CORPORATION ARE DEDICATED TO PROVIDING SUPPORT FOR ITS BENEFICIARY ORGANIZATIONS LISTED ON SCHEDULE A, PART IV AND THE UNIVERSITY OF MINNESOTA. UNIVERSITY GATEWAY CORPORATION PROVIDES SUPPORT TO THESE ORGANIZATIONS BY PROVIDING AFFORDABLE LEASE RATES AND PREFERENTIAL USE OF EVENT FACILITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Christine Searson
Director/treasurer/cfo
$0
Dan Garry
Secretary
$0
Dan Mcdonald
Director
$0
Pat Mascia
Chair
$0
Walt Ling
Director
$0
Mary Pietrzak
Controller
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Minnesota
Consulting
$605,873
University Of Mn Foundation
Consulting
$478,555
Abm Onsite Services-midwest Inc
Janitorial
$411,696
Regents Of University Of Minnesota
Consulting
$224,819
Securitas
Security
$180,197
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $15
Tax Exempt Bond Proceeds $0
Royalties $50,022
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 $4,330,129

Peer Organizations

Organization NameAssets
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$24,013,921
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$7,930,744
Iowa State University Research Park Corp
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$11,715,274
Northern State University Foundation
Aberdeen, SD
$8,393,561
Minnesota State University Mankato Foundation Incorporated
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$9,285,148
Isu Veterinary Services Corporation
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$8,502,801
Alliss Educational Foundation Equity
Milwaukee, WI
$9,781,011
Iowa High School Athleticassociation
Boone, IA
$7,450,879
St Cloud State University Foundation Inc
St Cloud, MN
$10,818,973
University Gateway Corporation
Minneapolis, MN
$4,330,129
Iowa Law School Foundation
Iowa City, IA
$1,523,885
Mid-State Technical College Foundation Inc
Wisconsin Rapids, WI
$638,934
Uw-Platteville Foundation Inc
Platteville, WI
$9,230,219
University Of Minnesota Foundation Investment Advisors
Minneapolis, MN
$5,244,210
University Of Iowa Research Foundation
Iowa City, IA
$3,710,030
People Serving People Inc Charities
Minneapolis, MN
$5,633,325
Stout University Foundation Inc
Menomonie, WI
$16,227,615
University Of Wisconsin River Falls Foundation
River Falls, WI
$5,145,613
Construction Laborers Education And Training Fund Of Mnesota & N Dkota
Lino Lakes, MN
$6,769,789
Compass Facilities Inc
Waukesha, WI
$3,722,211
North Iowa Area Community College Foundation
Mason City, IA
$7,991,615
University School Of Milwaukee Endowment Fund Inc
Milwaukee, WI
$2,360,326

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