2025-03-10T16:22:20-04:00 2024-06-30 561852200 BUNCH & COMPANY LLP PO BOX 7608 ROCKY MOUNT NC 278040608 990 2023-07-01 561931327 THE CAROLINAS GATEWAY PARTNERSHIP INC CARO 2524420114 386 SW MAIN STREET ROCKY MOUNT NC 27804 ROBERT PIKE PRESIDENT & CEO 2524420114 2025-02-25 true false L BRITT ALLSBROOK CPA P00007038 2524430551 2025-02-25 X 2023 2025-03-06 01:10:19Z ROBERT PIKE 386 SW MAIN STREET ROCKY MOUNT NC 27804 1423488 false X WWW.ECONDEV.ORG X 1995 NC THE CAROLINAS GATEWAY PARTNERSHIP IS DEDICATED TO THE CREATION OF COMMUNITY WEALTH THROUGH THE RETENTION, CREATION, AND EXPANSION OF BUSINESS OPPORTUNITIES IN TARBORO, ROCKY MOUNT, AND EDGECOMBE COUNTY, NORTH CAROLINA. 39 39 4 39 0 1202345 1408044 0 9369 15091 353 1211714 1423488 0 0 467328 609681 0 18140 762339 931028 1229667 1540709 -17953 -117221 1692414 1616034 208971 249812 1483443 1366222 X THE CAROLINAS GATEWAY PARTNERSHIP IS DEDICATED TO THE CREATION OF COMMUNITY WEALTH THROUGH THE RETENTION, CREATION, AND EXPANSION OF BUSINESS OPPORTUNITIES IN TARBORO, ROCKY MOUNT, AND EDGECOMBE COUNTY, NORTH CAROLINA. false false 1300735 1.BUSINESS VISITATION PROGRAM - VISITATION OF EXISTING INDUSTRIES TO DETERMINE SPECIFIC OBSTACLES TO NEW JOB CREATION. 2.INDUSTRY RECRUITMENT PROGRAM - RECRUITMENT OF NEW INDUSTRY TO THE TWIN COUNTY AREA. 3.BUSINESS RETENTION AND EXPANSION - ASSIST EXISTING INDUSTRY IN EXPANSION THROUGH SPECIFIC INCENTIVE PROGRAMS. 1300735 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false true false false false false true true true false false false true 1 0 4 true false false false false false false false false false false false false false false X 39 39 false false false false true true false true true false false false true true true true true true true false X ROBERT PIKE 2524420114 386 SW MAIN STREET ROCKY MOUNT NC 27804 ROBERT PIKE PRESIDENT & 45.00 X X 58967 0 22359 E NORRIS TOLSON PRESIDENT & 45.00 X X 159671 0 11151 OPPIE N JORDAN VP-EDGECOMBE 45.00 X 110866 0 30692 SEE ATTACHED SCHEDULE DIRECTORS X 0 0 0 329504 64202 2 false true false APPIAN CONSULTING ENGINEERS PA PO BOX 7966 ROCKY MOUNT NC 27804 CONSULTING 327362 BRENDA DANIELS 1028 BRANCHVIEW CT RALEIGH NC 27610 CONSULTING 118020 2 1048494 359550 1408044 15091 15091 OTHER INCOME/REFUNDS 353 353 353 1423488 353 15091 X 463451 358651 92968 11832 75385 57222 18163 7285 5639 1461 185 27808 21521 5578 709 35752 27667 7172 913 18595 2574 16021 32210 32210 175639 175639 3758 3758 67402 52709 13634 1059 76143 60914 13706 1523 12788 10230 2302 256 18262 14610 3652 36190 28952 6514 724 7572 6058 1363 151 ECONOMIC DEVELOPMENT COST 443083 443083 MISCELLANEOUS 26201 20960 4717 524 OFFICE EQUIP RENT & MAINT 13185 10548 2373 264 1540709 1300735 221834 18140 15074 12375 1176141 989500 341672 163901 213961 177771 287238 436388 1692414 1616034 62013 104282 146958 145530 208971 249812 X 1419657 1301170 63786 65052 1483443 1366222 1692414 1616034 -117221 X false true X true false X 4105276 1575337 1195727 1202345 1408044 9486729 16000 16000 4121276 1575337 1195727 1202345 1408044 9502729 9502729 895 301 218 9369 15091 25874 1497 326 1823 9530426 2119 0.99710 0.99870 X PART II, LINE 10 GRANT & OTHER REFUNDS 1,823 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 241592 96637 144955 53020 45346 7674 47060 21918 25142 177771 ACCOUNTS RECEIVABLE - MISCELLANEOUS 313814 RIGHT OF USE ASSET 80570 LAND OPTIONS 42000 DUE FROM CATS 4 436388 LONG-TERM OPERATING LEASE LIABILITY 145530 145530 X 1464367 40879 40879 1423488 1423488 1581588 40879 40879 1540709 1540709 SCHEDULE D, PAGE 3, PART X THE CAROLINAS GATEWAY PARTNERSHIP, INC. HAS QUALIFIED FOR EXEMPTION FROM INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE; CONSEQUENTLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE PARTNERSHIP REGULARLY MONITORS ITS ACTIVITIES FOR ADHERENCE TO ITS TAX-EXEMPT PURPOSE AND IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024. MANAGEMENT'S DETERMINATION OF UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, AN ON-GOING ANALYSIS OF TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF. THE PARTNERSHIP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS FOR TAX PERIODS IN PROGRESS. X X false false false false false false false false false E NORRIS TOLSON PRESIDENT & CEO 159671 11151 170822 LEWIS ADVERTISING INC DIRECTOR 6318 MARKETING false SCHEDULE L, PART V A BOARD MEMBER IS AN OWNER OF LEWIS ADVERTISING, INC., WHICH PROVIDED THE ORGANIZATION WITH MARKETING AND ADVERTISING SERVICES. FORM 990 - ORGANIZATION'S MISSION THE CAROLINAS GATEWAY PARTNERSHIP IS DEDICATED TO THE CREATION OF COMMUNITY WEALTH THROUGH THE RETENTION, CREATION, AND EXPANSION OF BUSINESS OPPORTUNITIES IN TARBORO, ROCKY MOUNT, AND EDGECOMBE COUNTY, NORTH CAROLINA. FORM 990, PAGE 1, PART I, LINE 6 BOARD MEMBERS VOLUNTEER THEIR TIME. FORM 990, PAGE 6, PART VI, LINE 6 CONTRIBUTORS THAT MAKE CONTRIBUTIONS OVER A SET DOLLAR AMOUNT ARE CONSIDERED MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS WHO CONTRIBUTE OVER A SET DOLLAR AMOUNT MAY DESIGNATE MEMBERS OF THE BOARD OF DIRECTORS AND/OR MEMBERS OF EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO REVIEWS THE TAX RETURN FIRST, AND THEN EMAILS A PDF COPY OF THE RETURN TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE. ONCE THE CEO IS SATISFIED THAT ALL EXECUTIVE COMMITTEE MEMBERS HAVE HAD THE OPPORTUNITY TO REVIEW THE RETURN AND PROVIDE FEEDBACK, THE RETURN IS CORRECTED (IF NECESSARY) AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT WHEN THEY ARE SEATED AS A BOARD MEMBER. WE DISTRIBUTE THOSE STATEMENTS ANNUALLY TO ALL BOARD MEMBERS AND THEY ARE KEPT ON FILE HERE. THE PERSONNEL MANUAL CONTAINS CONFLICT OF INTEREST PROVISIONS AND EMPLOYEES ARE REQUIRED TO READ AND SIGN AN ACKNOWLEDGEMENT OF THE PERSONNEL POLICIES WHEN THEY ARE HIRED. BOARD MEMBERS WHO COME ON DURING THE YEAR ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE PRESIDENT AND CEO SALARY IS DETERMINED BY REVIEW AND VOTE OF THE BOARD AT A REGULARLY SCHEDULED MEETING, BASED ON A NUMBER OF FACTORS INCLUDING: AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE CHAIRMAN BASED ON AGREED-UPON PERFORMANCE FACTORS AND REVIEWED BY THE MANAGERS OF THE INDIVIDUAL PUBLIC SECTOR FUNDING AGENCIES (WHO ARE NON-VOTING MEMBERS OF THE BOARD); COMPARABLE SALARY AND BENEFIT STRUCTURE FROM THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL. THE PRESIDENT AND CEO IS THE ONLY PAID STAFF SUBJECT TO THIS REVIEW. OTHER MEMBERS OF THE PAID STAFF ARE SUBJECT TO AN ANNUAL MERIT REVIEW BY THE PRESIDENT, WITH SALARY GUIDELINES APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B OFFICERS ARE SUBJECT TO AN ANNUAL MERIT REVIEW BY THE PRESIDENT, WITH SALARY GUIDELINES APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 NO PUBLIC REQUEST FOR DOCUMENTS WAS MADE DURING THE YEAR. FORM 990, PART IX, LINE 11G CONSULTING 175,639 0 0 COASTAL PLAIN LAND LLC PO BOX 353 ROCKY MOUNT NC 278020353 561931327 LAND DEV NC 12374 N/A GATEWAY TECHNOLOGY CENTER 3400 NORTH WESLEYAN BLVD ROCKY MOUNT NC 27804 203665064 EDUCATION NC 501 C 10 N/A false false false false false false false false false false false false false false true false false false false false SCHEDULE R THE PRESIDENT OF THE PARTNERSHIP IS ALSO THE PRESIDENT OF GATEWAY TECHNOLOGY CENTER.