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Gateway Economic Development Corporation Of Greater Cleveland

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341650917 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

Overview

What is Gateway Economic Development Corporation Of Greater Cleveland?

The Gateway Economic Development Corporation of Greater Cleveland is a nonprofit organization dedicated to promoting economic development in historically blighted areas of Cleveland, Ohio. By constructing, owning, and overseeing the operation of a sports facility, which encompasses a baseball stadium, arena, and a joint development site, the corporation aims to prevent further deterioration in the region. Their mission is to reduce the burdens on the government and revitalize the area. The organization employs a team of thirteen individuals to carry out these initiatives.


Official website here: www.gwcomplex.org

Is Gateway Economic Development Corporation Of Greater Cleveland legitimate?

Gateway Economic Development Corporation Of Greater Cleveland is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Economic Development Corporation Of Greater Cleveland submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $275,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $539,243

For more financial information, click here


Official website here: www.gwcomplex.org

What is the mission statement of Gateway Economic Development Corporation Of Greater Cleveland?

The Gateway Economic Development Corporation of Greater Cleveland works to promote economic development in order to prevent the historic conditions of blight and deterioration in the area. By constructing, owning, and managing a sports facility, which includes a baseball stadium, arena, and joint development site, the corporation lessens the burdens on the government and contributes to the revitalization of the community. The organization's efforts aim to halt the spread of decay and deterioration, improving the overall economic condition of the region. The sports facility attracts businesses and visitors, creating jobs and stimulating local economic growth. The corporation's commitment extends beyond the construction project, as it continues to seek innovative ways to encourage economic development and community improvement.


Official website here: www.gwcomplex.org

Who is the CEO of Gateway Economic Development Corporation Of Greater Cleveland?

Todd Greathouse is the Executive Di of Gateway Economic Development Corporation Of Greater Cleveland.


Official website here: www.gwcomplex.org

What is the revenue of Gateway Economic Development Corporation Of Greater Cleveland?

Gateway Economic Development Corporation Of Greater Cleveland's revenue in 2022 was $32,203,082.


Official website here: www.gwcomplex.org

Who are the executives of Gateway Economic Development Corporation Of Greater Cleveland and what are their salaries?

The average compensation at Gateway Economic Development Corporation Of Greater Cleveland during 2022 was $62,702. There are 13 employees at Gateway Economic Development Corporation Of Greater Cleveland.

Here are 7 key members and their salaries:

    Todd Greathouse (Executive Di)
  • Compensation: $150,146
  • Related: $0
  • Other: $0

    • Brian Kelly (Controller)
  • Compensation: $125,734
  • Related: $0
  • Other: $0

    • Ken Silliman (Trustee - Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Carroll (Trustee - Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Davita Russell (Trustee - Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron King (Trustee - Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ahmed Abonamah (Trustee - Pa)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.gwcomplex.org

    Where can I find the form 990 for Gateway Economic Development Corporation Of Greater Cleveland?

    The Gateway Economic Development Corporation Of Greater Cleveland’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.gwcomplex.org

    Learn more at the official website: www.gwcomplex.org

    Mission Statement of Gateway Economic Development Corporation Of Greater Cleveland

    Gateway Economic Development Corporation of Greater Cleveland, or Gateway, is a dedicated organization that strives to promote economic development in its area. Its mission is geared towards preventing the historical conditions of blight and deterioration that have long affected the region. By constructing, owning, and managing a sports facility which consists of a baseball stadium, arena, and joint development site, Gateway is making significant strides in reducing the burdens of government and combating urban decay. This sports facility serves as a crucial catalyst for economic growth, helping to halt the spread of blight and deterioration in the area. Gateway's efforts are essential as they contribute to the revitalization of the community, making it a more vibrant and thriving place to live.

    The corporation's vision is to create a positive impact on the local economy and improve the overall quality of life for its residents. Through its initiatives, Gateway Economic Development Corporation of Greater Cleveland is able to attract new businesses, create jobs, and stimulate economic growth. The corporation's commitment to economic development not only helps to prevent further deterioration but also lays the groundwork for a prosperous and flourishing community.

    In summary, Gateway Economic Development Corporation of Greater Cleveland is a pivotal organization that is working to promote economic development and prevent the historical conditions of blight and deterioration in its area. By constructing and managing a sports facility, the corporation is making a significant impact on the local economy and improving the overall quality of life for its residents. Its initiatives are crucial in attracting new businesses, creating jobs, and stimulating economic growth.

    Impact

    This information is meant to be a general summary of Gateway Economic Development Corporation Of Greater Cleveland. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Gateway Economic Development Corporation Of Greater Cleveland's impact is significant in promoting economic development in Cleveland, Ohio. By constructing and operating a sports facility that includes a baseball stadium, arena, and joint development site, the organization has played a key role in preventing the conditions of blight and deterioration that have historically existed in the area. Through these efforts, Gateway Economic Development Corporation is reducing the burdens on government and actively working towards improving the community and revitalizing the local economy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,706
  • Program Service Revenue: $29,469,190
  • Gross Receipts: $32,203,082

    • Assets and Liabilities:
  • Total Assets: $383,176,733
  • Total Liabilities: $307,769,641
  • Net Assets: $75,407,092
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMISSION TAX

    Revenue

    $8,423,275

    CAPITAL IMPROVEMENT REVENUE

    Revenue

    $6,810,471

    TRANSFORMATION PROJECT REV

    Revenue

    $5,491,853

    BASE RENT

    Revenue

    $4,506,848

    BALLPARK IMPROVEMENT PROJECT

    Revenue

    $4,161,379

    Organization Details

    Founding Year

    1990

    Principal Officer

    Todd Greathouse

    Main Address

    758 BOLIVAR ROAD, CLEVELAND, OH, 44115

    NTEE Category

    Code: S310 - Community improvement

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