2024-10-30T15:53:41-05:00 2024-06-30 560587953 GILLIAM BELL MOSER LLP PO BOX 621 BURLINGTON NC 272160621 990 2023-07-01 900131526 GATEWAY RESEARCH PARK INC GATE 3363759232 2901 EAST GATE CITY BLVD SUITE 25 GREENSBORO NC 274014904 PAUL MEYER EXECUTIVE DIRECTOR 3363759659 2024-10-28 1 0 WILLIAM E WILKINSON P00024569 3362276283 2024-10-28 2023 2024-10-15 13:58:12Z PAUL A MEYER 2901 EAST GATE CITY BLVD SUITE 2500 GREENSBORO NC 274014904 7595543 0 X WWW.GATEWAYRESEARCHPARK.COM X 2003 NC THE ORGANIZATION IS A CATALYST FOR UNIVERSITY RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT. 19 19 11 0 0 0 1663578 2571934 4115373 4025584 481640 709882 26367 98183 6286958 7405583 0 0 0 0 1282087 1287266 0 0 0 6237905 6898692 7519992 8185958 -1233034 -780375 75933688 75264433 25083547 25194667 50850141 50069766 GATEWAY RESEARCH PARK IS A CATALYST FOR UNIVERSITY AND PRIVATE RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT. 0 0 6090983 4123767 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. 6090983 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 11 1 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X PAUL A MEYER 3363759232 2901 E GATE CITY BLVD STE 2500 GREENSBORO NC 27401 MR KEVIN BAKER CHAIR 5.00 X X 0 0 0 DR ERIC MUTH VICE CHAIR 1.00 X X 0 0 0 DR FRANKLIN GILLIAM JR MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MRS NANCY JOHNSTON MEMBER, BOARD OF DIRECTORS 5.00 X 0 0 0 MR FRANKIE T JONES JR MEMBER, BOARD OF DIRECTORS 5.00 X 0 0 0 DR HAROLD L MARTIN SR MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR JOHN MARTIN MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR BRIAN MOORE TREASURER 1.00 X X 0 0 0 MR JUSTIN OUTLING MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR ROBERT POMPEY JR MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR MARK PRINCE MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR BOB SHEA MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 DR TERRI SHELTON MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MRS CAROLE SIMMS MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 DR TONYA SMITH-JACKSON MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR DOUG SPEIGHT MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 DR ALAN BOYETTE MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MRS DENISE TURNER ROTH MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR TIM MINOR MEMBER, BOARD OF DIRECTORS 1.00 X 0 0 0 MR JIM WESTMORELAND EXEC. DIRECTOR THRU 1.31 40.00 X 208664 0 17682 MR PAUL MEYER EXEC. DIRECTOR AS OF 2.1 40.00 X 0 0 0 MR JAMES CHAPLIN II DIRECTOR OF FACILITIES 40.00 X 124460 0 19668 MS RENE WHITESELL DIRECTOR OF ADMINISTRATION 40.00 X 111678 0 20632 444802 0 57982 3 0 1 0 0 2571934 2571934 MANAGEMENT FEE INCOME 531110 2604926 2604926 RENTAL INCOME 531110 1420658 1420658 4025584 796787 796787 103055 189960 -86905 -86905 -86905 TENANT IMPROVEMENT ALL 531110 56671 56671 MISCELLANEOUS REVENUE 531110 41512 41512 98183 7405583 4123767 0 709882 229337 172003 57334 855529 641647 213882 53337 40003 13334 77448 58086 19362 71615 53711 17904 20000 15000 5000 54883 41163 13720 285088 213816 71272 3063 2297 766 22224 16669 5555 1279262 959447 319815 2817 2113 704 1148128 861096 287032 2468394 1851295 617099 159025 159025 MAINTENANCE AND REPAIRS 935229 701422 233807 JSNN CONSUMABLES 180791 135593 45198 SECURITY EXPENSE 135691 101768 33923 MISCELLANEOUS EXPENSE 117657 117657 86440 64829 21611 8185958 6090983 2094975 0 2 1891851 1304402 5824387 7210524 20462 31137 98600051 32663274 67270972 65936777 926016 781591 75933688 75264433 354020 517516 6566290 7347921 17237221 16547639 926016 781591 25083547 25194667 X 50850141 50069766 50850141 50069766 75933688 75264433 -780375 0 X 0 1 X 1 0 X 1444259 1389401 718017 1663578 2571934 7787189 236250 236250 236250 236250 236250 1181250 1680509 1625651 954267 1899828 2808184 8968439 8968439 20813 7558 289974 481640 796787 1596772 39734 19488 16329 26367 98183 200101 10765312 21913306 0.83310 0.89440 X SCHEDULE A, PART II, LINE 8 OTHER INCOME IS UNCATEGORIZED PROGRAM SERVICE RELATED INCOME. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93616073 27948757 65667316 4890573 4626252 264321 93405 88265 5140 65936777 DEFERRED INFLOWS - FAIR VALUE OF INTEREST RATE SWAPS 781591 781591 7728739 236250 1 236251 7492488 -86905 -86905 7405583 8509113 236250 86905 323155 8185958 0 8185958 PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS -86,905. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF FIXED ASSETS 86,905. X 0 0 0 0 0 0 0 0 0 MR JIM WESTMORELAND EXEC. DIRECTOR THRU 1.31 208664 0 0 0 0 0 14490 0 3192 0 226346 0 0 0 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., RECUSE 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). 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 AUDITED FINANCIAL STATEMENTS, FORM 990 AND OTHER DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.