Overview
What is University Gateway Corporation?
University Gateway Corporation is a nonprofit organization situated in Minneapolis, Minnesota. Its primary mission is to own and operate a facility, offering affordable lease rates and preferential use of event facilities to its beneficiary organizations, as well as the University of Minnesota. These organizations primarily involve student recruitment, alumni relations, fundraising, and general operations. University Gateway Corporation's purpose is to support these entities by providing a conducive environment, thereby contributing to their overall growth and success. With a workforce of around 20 individuals, the corporation plays a significant role in fostering the development and progress of its affiliated organizations.
Is University Gateway Corporation legitimate?
University Gateway Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Gateway 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: $294,779
Professional Fundraising Fees: $0
Other Salaries and Wages: $953,008
For more financial information, click here
What is the mission statement of University Gateway Corporation?
University Gateway Corporation operates a facility with the purpose of supporting its beneficiary organizations. Specifically, it assists organizations such as the University of Minnesota Foundation and the University of Minnesota Alumni Association in various aspects, including student recruitment, alumni relations, fundraising, and general operations. This corporation also plays a role in supporting the University of Minnesota itself in these areas.
Who is the CEO of University Gateway Corporation?
Christine Searson is the Director/President of University Gateway Corporation.
What is the revenue of University Gateway Corporation?
University Gateway Corporation's revenue in 2022 was $5,519,180.
Who are the executives of University Gateway Corporation and what are their salaries?
The average compensation at University Gateway Corporation during 2022 was $62,389. There are 20 employees and 2 volunteers at University Gateway Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $433,333
- Other: $3,000
- Compensation: $0
- Related: $287,982
- Other: $58,766
- Compensation: $0
- Related: $112,754
- Other: $47,175
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $148,954
- Other: $28,326
- Compensation: $0
- Related: $115,667
- Other: $12,515
- Compensation: $232,074
- Related: $0
- Other: $51,738
- Compensation: $118,385
- Related: $0
- Other: $20,321
- Compensation: $116,308
- Related: $0
- Other: $27,444
Where can I find the form 990 for University Gateway Corporation?
University Gateway Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Gateway Corporation
University Gateway Corporation, as a supporting entity, owns and operates a facility that serves to bolster its beneficiary organizations. Among these beneficiaries are the University of Minnesota Foundation and the University of Minnesota Alumni Association. This facility plays a crucial role in various aspects of their operations, including student recruiting, alumni relations, fundraising, and general organization management. By providing this infrastructure, University Gateway Corporation contributes significantly to the functioning and growth of these affiliated organizations, as well as the University of Minnesota itself.
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Impact
October, 2024
University Gateway Corporation plays a significant role in enhancing the operational capacities of various beneficiary organizations affiliated with the University of Minnesota. By providing access to a dedicated facility in Minneapolis, it supports critical functions such as student recruiting, alumni relations, and fundraising efforts.
The corporation ensures that these organizations can thrive by offering affordable lease rates and preferential access to event facilities, making it easier for them to host important events and programs. This support not only strengthens the connections between the university and its alumni but also fosters greater community engagement and collaboration.
Moreover, by focusing on the needs of the University of Minnesota Foundation, the University of Minnesota Alumni Association, and other linked organizations, University Gateway Corporation directly contributes to the overarching mission of the university, enhancing its ability to serve students and the community effectively. In doing so, it underpins the educational ecosystem by facilitating essential activities that promote knowledge, connection, and growth.
This information is meant to be a general summary of University Gateway 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: $29
- Program Service Revenue: $5,270,184
- Gross Receipts: $5,519,180
Assets and Liabilities:
- Total Assets: $86,886,173
- Total Liabilities: $48,793,886
- Net Assets: $38,092,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$2,094,665
DIRECT FINANCING LEASE
Revenue
$2,004,953
CONFERENCE CENTER SERV
Revenue
$1,170,566
Organization Details
Founding Year
1997
Phone
(612) 624-3333Principal Officer
Christine Searson
Main Address
200 OAK STREET SE 500, MINNEAPOLIS, MN, 554552010
NTEE Category
Code: B110 - Education
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