GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND: Form 990, tax year 2011
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- Organization
- GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND (EIN 34-1650917)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-27
- IRS object ID
- 201211799349300606
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-27T08:18:16-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVIS & COMPANY CPAS INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7205 PEARL ROAD | AddressLine1 |
| City | MIDDLEBURG HEIGHTS | City |
| State | OH | State |
| ZIP Code | 44130 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341650917 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GATE | NameControl |
| Phone | 2164204071 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 758 BOLIVAR ROAD | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44115 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TODD GREATHOUSE | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 2164204071 | Phone |
| Date Signed | 2012-06-27 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN D DAVIS | Name |
| Phone | 4408879150 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TODD GREATHOUSE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 758 BOLIVAR | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44113 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20133983 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1990 | YearFormation |
| State Legal Domicile | OH | StateLegalDomicile |
| Activity Or Mission Description | Promote economic development in order to prevent the conditions of blight and deterioration historically existing in the area. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 8 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 17947513 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 13290658 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4446848 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4310146 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2716341 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2533179 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 25110702 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20133983 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 509129 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 482502 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 34151661 | OtherExpensePriorYear |
| Other Expenses Current Year | 30816970 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 34660790 | TotalExpensesPriorYear |
| Total Expenses Current Year | 31299472 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -9550088 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -11165489 | RevenuesLessExpensesCY |
| Total Assets BOY | 165119907 | TotalAssetsBOY |
| Total Assets EOY | 154973592 | TotalAssetsEOY |
| Total Liabilities BOY | 317695564 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 318714738 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -152575657 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -163741146 | NetAssetsOrFundBalancesEOY |
| Mission Description | Promote economic development | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 31045145 | Expense |
| Revenue | 13290658 | Revenue |
| Description | GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT. | Description |
| Total Program Service Expense | 31045145 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 8 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | false | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TODD GREATHOUSE | NamePerson |
| Telephone Number | 2164204071 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 758 BOLIVAR ROAD | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44115 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| WILLIAM REIDY | ||||||
| CHAIRMAN-PART TIME | 0.00 | X | 0 | 0 | 0 | |
| MATT CARROLL | ||||||
| TRUSTEE-PART TIME | 0.00 | X | 0 | 0 | 0 | |
| TIMOTHY OFFTERMATT | ||||||
| TRUSTEE-PART TIME | 0.00 | X | 0 | 0 | 0 | |
| ANTHONY C PEEBLES | ||||||
| TRUSTEE-PART TIME | 0.00 | X | 0 | 0 | 0 | |
| TRACEY NICHOLS | ||||||
| TRUSTEE-PART TIME | 0.00 | X | 0 | 0 | 0 | |
| TODD GREATHOUSE | ||||||
| EXECUTIVE DIRECTOR | 40.00 | 101704 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 101704 | TotalReportableCompFromOrg |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| WALSH CONSTRUCTION | |||||
| 20745 GERMANTOWN ROAD | FAIRVIEW PARK | OH | 44120 | CONTRACTOR | 589590 |
| SECURITAS INC | |||||
| 12000 SNOW RD 6 | CLEVELAND | OH | 44130 | SECURITY | 505819 |
| VOCATIONAL SERVICES | |||||
| 2239 E 55TH STREET | CLEVELAND | OH | 44103 | TEMPORARY LABOR | 217593 |
| CONCRETE MAINTENANCE INC | |||||
| PO BOX 38247 | OLMSTED FALLS | OH | 44138 | CONTRACTOR | 104526 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn |
|---|---|---|
| BASE RENT | 531120 | 8724784 |
| PREMIUM SEAT REVENUE | 531120 | 3140773 |
| INCREMENTAL TRANS TAX | 900099 | 1425101 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 13290658 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4310146 | TotalRevenueColumn |
| Exclusion | $4,310,146 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2533179 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2533179 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2533179 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20133983 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15823837 | RelatedOrExemptFunctionIncome |
| Exclusion | $4,310,146 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101704 | Total |
| Program Services | 67837 | ProgramServices |
| Management And General | 33867 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 247067 | Total |
| Program Services | 164794 | ProgramServices |
| Management And General | 82273 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95095 | Total |
| Program Services | 63428 | ProgramServices |
| Management And General | 31667 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38636 | Total |
| Program Services | 25770 | ProgramServices |
| Management And General | 12866 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46041 | Total |
| Program Services | 11510 | ProgramServices |
| Management And General | 34531 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17404 | Total |
| Program Services | 4351 | ProgramServices |
| Management And General | 13053 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30077 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 30077 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 87 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10592434 | Total |
| Program Services | 10592434 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8945860 | Total |
| Program Services | 8945860 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| AMORTIZATION | 1133632 | 1133632 | 0 | 0 |
| CONSULTING FEES | 7192 | 1798 | 5394 | 0 |
| BANK AND TRUSTEE FEES | 13000 | 13000 | 0 | 0 |
| SECURITY | 748581 | 748581 | 0 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9282662 | Total |
| Program Services | 9272150 | ProgramServices |
| Management And General | 10512 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31299472 | Total |
| Program Services | 31045145 | ProgramServices |
| Management And General | 254327 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7038483 | BOY |
| EOY | 6973964 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22451 | BOY |
| EOY | 20031 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 434926453 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 289590229 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155072775 | BOY |
| EOY | 145336224 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2986198 | BOY |
| EOY | 2643373 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165119907 | BOY |
| EOY | 154973592 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56812553 | BOY |
| EOY | 62301604 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14824617 | BOY |
| EOY | 18310093 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11780000 | BOY |
| EOY | 9070000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 234038394 | BOY |
| EOY | 228793041 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 240000 | BOY |
| EOY | 240000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 317695564 | BOY |
| EOY | 318714738 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -152575657 | BOY |
| EOY | -163741146 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -152575657 | BOY |
| EOY | -163741146 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165119907 | BOY |
| EOY | 154973592 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -11165489 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 212180 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 218515 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 3075403 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1425101 | CurrentTaxYear |
| Total | 4931199 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 212180 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 218515 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 3075403 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1425101 | CurrentTaxYear |
| Total | 4931199 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 4931199 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3557717 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3857264 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3504864 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4446848 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4310146 | CurrentTaxYear |
| Total | 19676839 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 24608038 | TotalSupport |
| Public Support Pertcentage170 | 0.20040 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.21580 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
| Facts And Circumstances Test | PT II LINE 17A: GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED; TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS; FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT; DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO; PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY; EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING; THE BURDENS OF GOVERNMENT.; | FactsAndCircumstancesTest |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 23108049 | InvestmentCostOrOtherBasis |
| Book Value | 23108049 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 347950208 | InvestmentCostOrOtherBasis |
| Depreciation | 243733520 | Depreciation |
| Book Value | 104216688 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 201698 | InvestmentCostOrOtherBasis |
| Depreciation | 201698 | Depreciation |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 63666498 | InvestmentCostOrOtherBasis |
| Depreciation | 45655011 | Depreciation |
| Book Value | 18011487 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 145336224 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REFUNDABLE DEPOSITS | Description |
| Amount | $240,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 240000 | TotalOfAmounts |
| Total Revenue | 20133983 | TotalRevenue |
| Total Expenses | 31299472 | TotalExpenses |
| Excess Or Deficit For Year | -11165489 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | -11165489 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20133983 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 20133983 | RevenueSubtotal |
| Total Revenue Per Form990 | 20133983 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 31299472 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 31299472 | ExpensesSubtotal |
| Total Expenses Per Form990 | 31299472 | TotalExpensesPerForm990 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GATEWAY ECONOMIC DEVELOPMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 341650917 | IssuerEIN |
| CUSIP Number | 367599BH9 | CUSIPNumber |
| Date Issued | 2004-04-12 | DateIssued |
| Issue Price | 25635000 | IssuePrice |
| Description Of Purpose | STADIUM REV REFUNDING 2004A | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Retired | 16329507 | AmountRetired |
| Total Proceeds | 25399507 | TotalProceeds |
| Amount In Reserve Fund | 3280754 | AmountInReserveFund |
| Issuance Costs From Proceeds | 468589 | IssuanceCostsFromProceeds |
| Year Of Subst Completion | 2004 | YearOfSubstCompletion |
| Current Refunding | true | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt VI, Line 12c | Ongoing review of directors and employees |
| Pt VI, Line 15 | Review performed by directors |
| Pt VI, Line 11a | Return is prepared by independent CPA firm and provided to Directors |
| Form 990EZ, Part II, Line 24 | PREPAIDS INVESTMENTS INTEREST RECEIVABLE LUXURY TAX RECEIVABLE NAMING RIGHTS RECEIVABLE DEFERED COSTS, NET OF AMORTIZATION OTHER ASSETS |
| Form 990EZ, Part II, Line 26 | ACCOUNTS PAYABLE & ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES & OTHER NOTES REFUNDABLE DEPOSITS |
| Form 990, Part IX, Line 24f | UTILITIES 120. 0. 120. 0. VEHICLE EXPENSES 14450. 14450. 0. 0. PARKING 7490. 7490. 0. 0. REPAIRS & MAINT-SITES 3552809. 3552809. 0. 0. CONTRACTUAL EXPENSES 1500000. 1500000. 0. 0. INSURANCE 22953. 19510. 3443. 0. ADMISSIONS TAX 3133909. 3133909. 0. 0. POSTAGE AND SHIPPING 760. 646. 114. 0. TELEPHONE EXPENSE 9113. 2278. 6835. 0. PROPERTY TAX 1041058. 1041058. 0. 0. |
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