Nonprofit · EIN 34-1650917
GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $162,797,089 | $52,611,972 | $110,185,117 | $591,287,631 | $375,322,922 | $215,964,709 |
| December 31, 2023 | 990 | $82,302,277 | $51,929,777 | $30,372,500 | $429,804,499 | $324,024,907 | $105,779,592 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,898,246
- of which government grants
- $143,898,246
- Program service revenue
- $16,621,998
- Investment income
- $15,153
- Other revenue
- $2,261,692
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $272,887
- Other salaries and wages
- $787,751
- Salaries, compensation and benefits (total)
- $1,471,669
- Professional fundraising fees
- $0
- Legal fees
- $169,297
- Accounting fees
- $21,113
- Occupancy
- $168,000
- Depreciation
- $27,578,083
- Program services (functional)
- $51,828,935
- Management and general (functional)
- $783,037
Balance sheet and other
- Total assets, start of year
- $429,804,499
- Total assets, end of year
- $591,287,631
- Total liabilities, end of year
- $375,322,922
- Net assets, end of year
- $215,964,709
- Land, buildings and equipment
- $570,166,221
- Gross receipts
- $162,797,089
- Employees
- 26
- Year formed
- 1990
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD GREATHOUSE | EXECUTIVE DI Officer | 40 | $166,096 |
| PAUL J VALVODA | CONTROLLER Officer | 40 | $106,791 |
| VIRGINIA BENJAMIN | TRUSTEE - PA Trustee or director | 1 | $0 |
| DEBBIE BERRY | TRUSTEE - PA Trustee or director | 1 | $0 |
| DAVITA RUSSELL | TRUSTEE - PA Trustee or director | 1 | $0 |
| BRYCE SYLVESTER | TRUSTEE - PA Trustee or director | 1 | $0 |
| BONNIE TEEUWEN | TRUSTEE - PA Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD GREATHOUSE | EXECUTIVE DI Officer | 40 | $164,403 |
| PAUL J VALVODA | CONTROLLER Officer | 40 | $88,705 |
| KEN SILLIMAN | TRUSTEE - PA Trustee or director | 1 | $0 |
| MATT CARROLL | TRUSTEE - PA Trustee or director | 1 | $0 |
| DAVITA RUSSELL | TRUSTEE - PA Trustee or director | 1 | $0 |
| RON KING | TRUSTEE - PA Trustee or director | 1 | $0 |
| AHMED ABONAMAH | TRUSTEE - PA Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 758 BOLIVAR RD, CLEVELAND, OH 44115-1222
- In care of
- % RICHARD A OWENS
- Principal officer (990 for 2024)
- TODD GREATHOUSE, 758 BOLIVAR, CLEVELAND, OH 44115
- Signed the 990
- TODD GREATHOUSE, EXECUTIVE DIRECTOR
- Phone
- (216) 420-4071
- Website
- GWCOMPLEX.ORG
- Return prepared by
- TRUE WEALTH DESIGN LLC
Mission
PROMOTE ECONOMIC DEVELOPMENT IN ORDER TO PREVENT THE CONDITIONS OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA.
Program accomplishments
- GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.Expenses $51,828,935 · revenue $16,621,998
- GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF CLEVELAND IS ORGANIZED TO CONSTRUCT, OWN AND PROVIDE FOR THE OPERATION OF A SPORTS FACILITY, WHICH INCLUDES A BASEBALL STADIUM, ARENA AND A JOINT DEVELOPMENT SITE. THE SPORTS FACILITY WAS BUILT IN ORDER TO PREVENT THE SPREAD OF BLIGHT AND DETERIORATION HISTORICALLY EXISTING IN THE AREA. IN THIS WAY, THE CORPORATION IS LESSENING THE BURDENS OF GOVERNMENT.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1650917
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S310)
- Assets (IRS master file)
- $591,287,631
- Income (IRS master file)
- $162,797,089
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $162,797,089 | $52,611,972 | $591,287,631 | IRS |
| 990 | December 2023 | $82,302,277 | $51,929,777 | $429,804,499 | XML |
| 990 | December 2022 | $32,203,082 | $54,327,161 | $383,176,733 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1650917).
Questions about GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND
- What is the EIN of GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND?
- The employer identification number (EIN) of GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND is 34-1650917.
- Is GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND?
- The 990 for the year ended December 31, 2024 names TODD GREATHOUSE.
- Who are the officers and directors of GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $166,096 (TODD GREATHOUSE, EXECUTIVE DI).
- How much revenue does GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $162,797,089, expenses of $52,611,972 and total assets of $591,287,631 at year end.
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