2025-04-16T07:46:59-05:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 391514176 GATEWAY INDUSTRIAL PARK CORPORATION GATE 7158343411 PO BOX 720 EAU CLAIRE WI 54702 KARL HOESLY PRESIDENT 7158343411 2025-04-11 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2025-04-11 2023 2025-03-06 01:10:19Z KARL HOESLY PO BOX 720 EAU CLAIRE WI 54702 882704 0 X N/A X 1984 WI ACQUIRE, OWN, AND DEVELOP INDUSTRIAL AND COMMERCIAL PROPERTY, TO SELL OR LEASE INDUSTRIAL AND COMMERCIAL PROPERTY, AND TO PROMOTE SAID PROPERTY FOR THE PURPOSE OF ENCOURAGING COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND THE CREATION OF JOB OPPORTUNITIES IN AND AROUND EAU CLAIRE, WISCONSIN. 3 3 0 3 0 0 0 0 326319 319014 116916 222157 0 0 443235 541171 0 0 0 0 0 0 0 0 0 392219 392549 392219 392549 51016 148622 8376671 8927408 1907109 2309224 6469562 6618184 X GATEWAY INDUSTRIAL PARK CORPORATION'S PURPOSE IS TO ACQUIRE, OWN, AND DEVELOP INDUSTRIAL AND COMMERCIAL PROPERTY, TO SELL OR LEASE INDUSTRIAL AND COMMERCIAL PROPERTY, AND TO PROMOTE SAID PROPERTY FOR THE PURPOSE OF ENCOURAGING COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND THE CREATION OF JOB OPPORTUNITIES IN AND AROUND EAU CLAIRE, WISCONSIN. 0 0 GATEWAY INDUSTRIAL PARK CORPORATION, A PRIVATE NON-PROFIT CORPORATION, OWNS AND OPERATES THE GATEWAY BUSINESS PARK IN THE CITY OF EAU CLAIRE.THE CORPORATION WILL CONSIDER THE ECONOMIC IMPACT OF PROJECTS THAT PURCHASE PROPERTY FROM THE CORPORATION. BASED ON MERITS OF THE PROJECT, TIED TO BUILDING INVESTMENT AND JOBS CREATION, THE BOARD OF DIRECTORS WILL CONSIDER REDUCTION OF LAND PRICE REQUESTS ON A CASE BY CASE BASIS.THE CORPORATION ALSO OWNS AN INDUSTRIAL BUILDING THAT IT LEASES TO A MANUFACTURING TENANT. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X LANDMARK COMPANY 7158343411 PO BOX 720 EAU CLAIRE WI 54702 X KARL HOESLY PRESIDENT 1.00 X X 0 0 0 DAVE SOLBERG VICE PRESIDENT/ASSISTANT SECRETARY 1.00 X X 0 0 0 BEN TRACHSEL SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 RENT REVENUE 532000 319014 319014 319014 11047 11047 552643 341533 211110 211110 211110 541171 530124 0 11047 72540 13602 11500 1571 25 47452 128282 110077 7500 392549 89958 994454 843340 798687 948 927 4760231 2210594 2583413 2549637 166500 226500 4692512 4357203 8376671 8927408 287909 156736 6293 1612907 2152488 1907109 2309224 X 6469562 6618184 6469562 6618184 8376671 8927408 148622 0 X 0 1 X 1 0 43175 43175 4674856 2210594 2464262 42200 42200 2549637 REFUNDABLE PROPERTY TAXES 42013 OPTION TO PURCHASE LAND 40000 LAND FOR RESALE 4144011 UNCHARGED DEVELOPMENT COSTS 131179 4357203 897704 356533 356533 541171 0 541171 749082 356533 356533 392549 0 392549 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF RENTAL PROPERTY SOLD 341,533. CONTRA EXPENSE RECORDED TO REVENUE 15,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF RENTAL PROPERTY SOLD 341,533. CONTRA EXPENSE RECORDED TO REVENUE 15,000. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS PAID LANDMARK COMPANY TO PERFORM OPERATIONAL AND FINANCIAL MANAGEMENT SERVICES. THE TOTAL AMOUNT PAID FOR THE YEAR IS $72,540. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A PRELIMINARY DRAFT OF THE FINANCIAL STATEMENTS AND 990. THE DIRECTORS REVIEW THE 990 TO ENSURE THAT IT AGREES TO THE FINANCIAL STATEMENTS. THEY ALSO REVIEW ALL QUESTIONS TO ENSURE THEY ARE ANSWERED PROPERLY. THEN THE 990 IS APPROVED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY. THE ORGANIZATION IS FILING THEIR RETURN LATE. THE ORGANIZATION HAS A LONG HISTORY OF TIMELY FILING OF THE FORM 990 IN THE PAST. THE CORPORATION IS FILING THE 2023 FORM 990 LATE AS THERE WAS SOME TURNOVER WITHIN THE TEAM THAT WOULD TYPICALLY PROVIDE INFORMATION TO THEIR PAID PREPARER AND THAT TURNOVER WAS ALSO IMPACTING DAY-TO-DAY NEEDS THAT REQUIRED TIME AND EFFORT TO BE APPLIED. THE PAID PREPARER ALSO FAILED TO HAVE THE PROPER CONTACT INFORMATION TO REACH THE ORGANIZATION SO IT LED TO DELAYED COMMUNICATION AND CONFUSION ON STATUS OF THE FILING. THE ORGANIZATION WAS NOT NEGLECTFUL; IT WAS AN ANOMALY AND THEY HAVE THE PROPER PROCESS IN PLACE TO AVOID LATE FILING IN THE FUTURE. THE ORGANIZATION IS A SMALL ORGANIZATION, AND THE PENALTY WOULD HAVE AN IMPACT ON OPERATIONS, AND THEY REQUEST THAT ANY PENALTIES ASSOCIATED WITH THIS LATE FILING BE ABATED.