GATEWAY RESEARCH PARK INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: GATEWAY RESEARCH PARK INC (EIN 90-0131526)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2021-11-12
IRS object ID: 202113169349300321
Schema version: 2020v4.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-11-12T07:19:57-06:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	560587953	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GILLIAM BELL MOSER LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 621	AddressLine1Txt
City	BURLINGTON	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	272160621	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	900131526	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GATEWAY RESEARCH PARK INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	GATE	BusinessNameControlTxt
Phone	3363759232	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2901 EAST GATE CITY BLVD SUITE 25	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	274014904	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JIM WESTMORELAND	PersonNm
Person Title	INTERIM EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	3363759659	PhoneNum
Signature	2021-11-10	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JIM	PersonFirstNm
Person Last	WESTMORELAND	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM E WILKINSON	PreparerPersonNm
PTIN	P00024569	PTIN
Phone	3362276283	PhoneNum
Preparation	2021-11-10	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JIM WESTMORELAND	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2901 EAST GATE CITY BLVD SUITE 2500	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	274014904	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,135,505	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.GATEWAYRESEARCHPARK.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2003	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	THE ORGANIZATION IS A CATALYST FOR UNIVERSITY RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	19	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,444,259	PYContributionsGrantsAmt
CY Contributions Grants	$1,389,401	CYContributionsGrantsAmt
PY Program Service Revenue	$4,573,454	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,719,058	CYProgramServiceRevenueAmt
PY Investment Income	$20,813	PYInvestmentIncomeAmt
CY Investment Income	-$54,814	CYInvestmentIncomeAmt
PY Other Revenue	$39,734	PYOtherRevenueAmt
CY Other Revenue	$19,488	CYOtherRevenueAmt
PY Total Revenue	$6,078,260	PYTotalRevenueAmt
CY Total Revenue	$6,073,133	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,535,215	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,514,421	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$6,132,673	PYOtherExpensesAmt
CY Other Expenses	$5,821,786	CYOtherExpensesAmt
PY Total Expenses	$7,667,888	PYTotalExpensesAmt
CY Total Expenses	$7,336,207	CYTotalExpensesAmt
PY Revenues Less Expenses	-$1,589,628	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$1,263,074	CYRevenuesLessExpensesAmt
Total Assets BOY	$78,888,418	TotalAssetsBOYAmt
Total Assets EOY	$75,286,905	TotalAssetsEOYAmt
Total Liabilities BOY	$23,681,598	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$21,343,159	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$55,206,820	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$53,943,746	NetAssetsOrFundBalancesEOYAmt
Mission	GATEWAY RESEARCH PARK IS A CATALYST FOR UNIVERSITY AND PRIVATE RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$5,552,935	ExpenseAmt
Revenue	$4,738,546	RevenueAmt
Desc	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.	Desc
Total Program Service Expenses	$5,552,935	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	19	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JIM WESTMORELAND	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3363759232	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2901 E GATE CITY BLVD STE 2500	AddressLine1Txt
City	GREENSBORO	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27401	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DR CHARLES E MCQUEARY
CHAIR	5.00	Yes (X)	Yes (X)	$0	$0	$0
MR DENNIS STEARNS
SECRETARY/TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
DR TERRI SHELTON
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
MR ROBERT POMPEY
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
DR HAROLD MARTIN
MEMBER, BOARD OF DIRECTORS	5.00	Yes (X)		$0	$0	$0
DR FRANKLIN GILLIAM JR
MEMBER, BOARD OF DIRECTORS	5.00	Yes (X)		$0	$0	$0
DR BERYL MCEWEN
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR ERIC MUTH
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR KIP BLAKELY
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
DR GERALD TRUESDALE
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MS DENNY KELLY
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR BOB SHEA
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR JAMES C MITCHELL IV
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR KEVIN BAKER
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR JOHN MARTIN
MEMBER, BOARD OF DIRECTORS	1.00	Yes (X)		$0	$0	$0
MR JIM WESTMORELAND
INTERIM EXEC. DIRECTOR	40.00	Yes (X)	Yes (X)	$159,166	$0	$13,667
MR JAMES CHAPLIN II
DIRECTOR OF FACILITIES	40.00			$116,294	$0	$10,960	Yes (X)
MR WAYNE SZAFRANSKI
DIRECTOR OF BUSINESS DEVELOPMENT	40.00			$100,292	$0	$11,932	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$375,752	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$36,559	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SOUTHEASTERN SERVICE GROUP INC
1501 HIGHWOODS BLVD 301	GREENSBORO	NC	27410	JANITORIAL/MAINTENANCE	$196,240
ADMIRAL SECURITY SERVICES
3717 NATIONAL DR	RALEIGH	NC	27612	SECURITY	$181,919

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Government Grants	$271,100	GovernmentGrantsAmt
All Other Contributions	$1,118,301	AllOtherContributionsAmt
Total Contributions	$1,389,401	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MANAGEMENT FEE INCOME	531110	$2,613,996	$2,613,996
RENTAL INCOME	531110	$2,105,062	$2,105,062

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,719,058	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,558	TotalRevenueColumnAmt
Exclusion	$7,558	ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$62,372	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$62,372	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$62,372	TotalRevenueColumnAmt
Exclusion	-$62,372	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS REVENUE	Desc
Business	531110	BusinessCd
Total Revenue Column	$19,488	TotalRevenueColumnAmt
Related Or Exempt Func Income	$19,488	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$19,488	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,073,133	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,738,546	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	-$54,814	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$228,405	TotalAmt
Program Services	$171,304	ProgramServicesAmt
Management And General	$57,101	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,091,777	TotalAmt
Program Services	$818,833	ProgramServicesAmt
Management And General	$272,944	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$55,248	TotalAmt
Program Services	$41,436	ProgramServicesAmt
Management And General	$13,812	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$54,092	TotalAmt
Program Services	$40,569	ProgramServicesAmt
Management And General	$13,523	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$84,899	TotalAmt
Program Services	$63,674	ProgramServicesAmt
Management And General	$21,225	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$32,079	TotalAmt
Program Services	$24,059	ProgramServicesAmt
Management And General	$8,020	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$33,582	TotalAmt
Program Services	$25,186	ProgramServicesAmt
Management And General	$8,396	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$52,754	TotalAmt
Program Services	$39,565	ProgramServicesAmt
Management And General	$13,189	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$22,573	TotalAmt
Program Services	$16,930	ProgramServicesAmt
Management And General	$5,643	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$36,336	TotalAmt
Program Services	$27,252	ProgramServicesAmt
Management And General	$9,084	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$992,802	TotalAmt
Program Services	$744,575	ProgramServicesAmt
Management And General	$248,227	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$86	TotalAmt
Program Services	$64	ProgramServicesAmt
Management And General	$22	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$790,508	TotalAmt
Program Services	$592,881	ProgramServicesAmt
Management And General	$197,627	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,493,304	TotalAmt
Program Services	$1,869,978	ProgramServicesAmt
Management And General	$623,326	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$107,156	TotalAmt
Program Services	$80,367	ProgramServicesAmt
Management And General	$26,789	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
MAINTENANCE AND REPAIRS	$918,704	$707,304	$211,400
JSNN CONSUMABLES	$130,135	$130,135
SECURITY EXPENSE	$128,682	$96,511	$32,171
TELEPHONE AND NETWORK S	$73,003	$54,752	$18,251

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$10,082	TotalAmt
Program Services	$7,560	ProgramServicesAmt
Management And General	$2,522	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,336,207	TotalAmt
Program Services	$5,552,935	ProgramServicesAmt
Management And General	$1,783,272	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3	BOYAmt
EOY	$3	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$2,880,651	BOYAmt
EOY	$2,458,460	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$103,978	BOYAmt
EOY	$303,947	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$98,824	BOYAmt
EOY	$84,836	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$102,643,058	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$31,942,055	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$73,004,385	BOYAmt
EOY	$70,701,003	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,800,577	BOYAmt
EOY	$1,738,656	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$78,888,418	BOYAmt
EOY	$75,286,905	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$341,360	BOYAmt
EOY	$387,925	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$747,932	BOYAmt
EOY	$815,511	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$19,287,184	BOYAmt
EOY	$18,401,067	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,305,122	BOYAmt
EOY	$1,738,656	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$23,681,598	BOYAmt
EOY	$21,343,159	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$55,206,820	BOYAmt
EOY	$53,943,746	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$55,206,820	BOYAmt
EOY	$53,943,746	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$78,888,418	BOYAmt
EOY	$75,286,905	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$1,263,074	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,051,071	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,009,514	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,731,444	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,444,259	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,389,401	CurrentTaxYearAmt
Total	$6,625,689	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$236,250	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$236,250	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$236,250	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$236,250	CurrentTaxYearMinus1YearAmt
Current Tax Year	$236,250	CurrentTaxYearAmt
Total	$1,181,250	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,287,321	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,245,764	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,967,694	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,680,509	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,625,651	CurrentTaxYearAmt
Total	$7,806,939	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$7,806,939	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,337	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$16,251	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$28,432	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$20,813	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,558	CurrentTaxYearAmt
Total	$79,391	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$95,291	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$46,938	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,438	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$39,734	CurrentTaxYearMinus1YearAmt
Current Tax Year	$19,488	CurrentTaxYearAmt
Total	$230,889	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$8,117,219	TotalSupportAmt
Gross Receipts Rltd Activities	$22,905,648	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.96180	PublicSupportCY170Pct
Public Support PY170	0.95750	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 8	FormAndLineReferenceDesc
Explanation	OTHER INCOME IS UNCATEGORIZED PROGRAM SERVICE RELATED INCOME.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$91,132,032	OtherCostOrOtherBasisAmt
Depreciation	$20,951,128	DepreciationAmt
Book Value	$70,180,904	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$11,417,621	OtherCostOrOtherBasisAmt
Depreciation	$10,902,662	DepreciationAmt
Book Value	$514,959	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$93,405	OtherCostOrOtherBasisAmt
Depreciation	$88,265	DepreciationAmt
Book Value	$5,140	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$70,701,003	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	FAIR VALUE OF INTEREST RATE SWAP	Desc
Amt	$1,738,656	Amt

Field	Value	IRS element (for citing)
Total Liability	$1,738,656	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$6,371,754	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$236,250	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$236,250	RevenueNotReportedAmt
Revenue Subtotal	$6,135,504	RevenueSubtotalAmt
Other Revenues Not Included	-$62,371	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	-$62,371	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$6,073,133	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$7,634,832	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$236,250	DonatedServicesUseFcltsAmt
Other Expenses Included	$62,375	OtherExpensesIncludedAmt
Expenses Not Reported	$298,625	ExpensesNotReportedAmt
Expenses Subtotal	$7,336,207	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$7,336,207	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:	LOSS ON SALE OF FIXED ASSETS -62,372. ROUNDING 1.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	LOSS ON SALE OF FIXED ASSETS 62,372. ROUNDING 3.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	MR JIM WESTMORELAND	PersonNm
Title	INTERIM EXEC. DIRECTOR	TitleTxt
Base Compensation Filing Org	$159,166	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$10,979	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$2,688	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$172,833	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	GATEWAY RESEARCH PARK HAS A CONTRACTUAL AGREEMENT WITH UNION SQUARE CAMPUS, INC., A 501(C)(3)NONPROFIT, TO PROVIDE FACILITIES AND MANAGEMENT SERVICES. HAROLD L. MARTIN, SR. AND FRANKLIN GILLIAM, JR. SERVE ON THE BOARD OF DIRECTORS OF GATEWAY AND ARE ALSO ON THE BOARD OF DIRECTORS OF UNION SQUARE CAMPUS. THE BOARD OF DIRECTORS OF GATEWAY RESEARCH PARK ONLY APPROVE THE CONTRACTUAL AGREEMENTS WITH UNION SQUARE CAMPUS, AND ARE NOT INVOLVED IN THE DAY-TO-DAY MANAGEMENT DECISIONS AT UNION SQUARE CAMPUS. HAROLD L. MARTIN, SR. AND FRANKLIN GILLIAM, JR., RESCUE THEMSELVES FROM ANY CONFLICTING BOARD DECISIONS.
FORM 990, PART VI, SECTION B, LINE 11B	WITH OVERSIGHT FROM THE EXECUTIVE DIRECTOR, GATEWAY'S DIRECTOR OF ADMINISTRATION AND THE BUSINESS OFFICER COMPILE THE INFORMATION TO BE SUBMITTED TO THE ACCOUNTING FIRM. THE EXECUTIVE DIRECTOR REVIEWS THE DRAFT OF THE FORM 990 WHEN PREPARED, AND THE DRAFT FORM 990 ALSO IS PRESENTED TO THE BOARD'S AUDIT COMMITTEE FOR REVIEW (PRIOR TO FILING). THE FINAL REPORT IS PRESENTED TO THE BOARD OF DIRECTORS AS PART OF GATEWAY RESEARCH PARK'S ANNUAL REPORT (PRIOR TO FILING).
FORM 990, PART VI, SECTION B, LINE 12C	AT THE ANNUAL JANUARY BOARD MEETING, THE ORGANIZATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND ASKS MEMBERS TO SIGN THOSE AND RETURN AS QUICKLY AS POSSIBLE. THE DIRECTOR OF ADMINISTRATION OR BUSINESS OFFICER THEN FOLLOWS-UP WITH EACH INDIVIDUAL TO BE SURE OF THEIR RECEIPT AND THAT FULL DISCLOSURE OF POSSIBLE CONFLICTS OF INTERESTS (IF ANY) IS DISCUSSED AND RESOLVED WITH THE BOARD. POLICIES ARE THEN FILED IN GATEWAY'S BOARD BOOK.
FORM 990, PART VI, SECTION B, LINE 15	THE INTERIM EXECUTIVE DIRECTOR'S SALARY WAS DETERMINED BY INDIVIDUALS FROM THE TWO UNIVERSITIES (UNCG AND NC A&T). FORM 990, PART IV, SECTION B, LINE 15B: PERSONNEL RECEIVE AN ANNUAL PERFORMANCE REVIEW BY GATEWAY'S EXECUTIVE DIRECTOR. SALARY RECOMMENDATIONS ARE AT THE DISCRETION OF THE EXECUTIVE DIRECTOR.
FORM 990, PART VI, SECTION C, LINE 19	GATEWAY RESEARCH PARK, INC. PREPARES AND PROVIDES AN ANNUAL REPORT, WHICH CONTAINS AN AUDITED FINANCIAL REPORT AND FORM 990, AS WELL AS A DESCRIPTION OF THE ORGANIZATION'S ACTIVITIES DURING THE PRIOR YEAR. OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.