University Gateway Corporation
- Assets
- $78.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Minneapolis, MN
- Founding
- 09/1997
- Data as of
- 06/2020
- EIN
- 41-1879994
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 06/2022, 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 06/2020, University Gateway Corporation generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $7.2m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. 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
2020
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.
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 |
|---|---|---|---|
Michael Dwyer COO | Officer | 40 | $232,074 |
Amy Leyden Director Of Marketing & Sa | 40 | $118,385 | |
Jon Mccombs Eng Operations Manager | 40 | $116,308 | |
Dan Garry Director/secretary | OfficerTrustee | 1 | $0 |
Christine Searson Director/treasurer/cfo | OfficerTrustee | 1 | $0 |
Vanessa Clark Controller | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Minnesota Consulting | 6/29/22 | $733,800 |
Abm Onsite Services-midwest Inc Janitorial Services | 6/29/22 | $334,505 |
Amcon Outland Inc Construction | 6/29/22 | $425,859 |
Ma Mortenson Company Construction | 6/29/22 | $419,825 |
Regents Of University Of Minnesota Consulting | 6/29/22 | $204,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $10,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $69,692 |
| 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 | $6,023,242 |
| Statement of Expenses | |
|---|---|
| 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. | $140,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,083 |
| Payroll taxes | $47,303 |
| Fees for services: Management | $1,654,740 |
| Fees for services: Legal | $16,725 |
| Fees for services: Accounting | $28,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,267 |
| Office expenses | $140,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $431,418 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,104,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,276 |
| Insurance | $87,224 |
| All other expenses | $0 |
| Total functional expenses | $7,166,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,430 |
| Savings and temporary cash investments | $500,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,441 |
| 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 | $144,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,275,224 |
| Total assets | $78,655,248 |
| Accounts payable and accrued expenses | $1,460,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $45,972,777 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,110,110 |
| Total liabilities | $49,543,587 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $29,111,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Gateway Corporation has recieved totaling $900,000.
| Awarding Organization | Amount |
|---|---|
University Of Minnesota Foundation Minneapolis, MN PURPOSE: TO SUPPORT THE UNIVERSITY GATEWAY CORPORATION, A RELATED ORGANIZATION THAT SUPPORTS THE UNIVERSITY. | $900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |