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.
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 |
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 |
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 |