Overview
What is Gateway Industrial Park Corporation?
Gateway Industrial Park Corporation is a private, nonprofit organization based in Eau Claire, Wisconsin. Established with the aim of fostering commercial and industrial development, it primarily acquires, owns, and develops industrial and commercial properties. The corporation then sells or leases these properties to encourage growth, ultimately generating job opportunities within the Eau Claire area. The organization also offers flexibility in pricing requests for projects that meet certain criteria, such as investment and job creation. It currently manages the Gateway Business Park and leases an industrial building to a manufacturing tenant.
Is Gateway Industrial Park Corporation legitimate?
Gateway Industrial Park Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Gateway Industrial Park Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Gateway Industrial Park Corporation?
The Gateway Industrial Park Corporation's primary mission is to acquire, own, and develop industrial and commercial property. Their objective is to then sell or lease these properties to encourage commercial and industrial development, ultimately leading to the creation of job opportunities. The corporation promotes these properties to achieve this goal. In addition, they consider the economic impact of projects that purchase property from them, and on a case-by-case basis, they may reduce land prices based on the merits of the project, including building investment and job creation. The corporation also manages an industrial building that they lease to a manufacturing tenant.
Who is the CEO of Gateway Industrial Park Corporation?
Karl Hoesly is the President of Gateway Industrial Park Corporation.
What is the revenue of Gateway Industrial Park Corporation?
Gateway Industrial Park Corporation's revenue in 2022 was $443,235.
Who are the executives of Gateway Industrial Park Corporation and what are their salaries?
There 3 volunteers at Gateway Industrial Park Corporation.
Here are 3 key members and their salaries:
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Where can I find the form 990 for Gateway Industrial Park Corporation?
Gateway Industrial Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Industrial Park Corporation
Gateway Industrial Park Corporation, a private non-profit organization, is dedicated to acquiring, owning, and developing industrial and commercial property. Its primary objective is to encourage commercial and industrial development and create job opportunities in various areas. The corporation achieves this by selling or leasing the acquired property. Furthermore, Gateway Industrial Park Corporation promotes these properties to attract businesses and foster growth within the community. The corporation's board of directors considers project requests for property purchases based on their potential economic impact, job creation, and building investments. On a case-by-case basis, the board may reduce land price requests if the merits of the project warrant it. Additionally, the corporation owns and leases an industrial building to a manufacturing tenant.
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Impact
October, 2024
Gateway Industrial Park Corporation significantly impacts economic growth and job creation in Eau Claire, Wisconsin. By acquiring, owning, and developing industrial and commercial properties, the organization facilitates the establishment of businesses that are crucial to the local economy. Its flagship initiative, the Gateway Business Park, serves as a vital hub for commercial and industrial activities, attracting businesses and promoting investment in the region.
Moreover, the corporation strategically evaluates potential projects based on their economic merits, allowing for the potential reduction of land prices to incentivize development. This flexible approach aligns with their mission to foster job opportunities and stimulate commercial growth. By leasing an industrial building to a manufacturing tenant, Gateway Industrial Park Corporation directly contributes to the local job market while also enhancing the overall industrial landscape of Eau Claire.
In essence, the corporation plays a pivotal role in steering regional development, enhancing community improvement, and creating a robust economic environment that benefits residents and businesses alike.
This information is meant to be a general summary of Gateway Industrial Park Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $116,916
- Program Service Revenue: $326,319
- Gross Receipts: $673,566
Assets and Liabilities:
- Total Assets: $8,376,671
- Total Liabilities: $1,907,109
- Net Assets: $6,469,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$326,319
Organization Details
Founding Year
1984
Phone
(715) 834-3411Principal Officer
Karl Hoesly
Main Address
PO BOX 720, EAU CLAIRE, WI, 54702
NTEE Category
Code: S31 - Community improvement
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