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Gateway Economic Development Corporation of Greater Cleveland
Gateway Economic Development Corporation of Greater Cleveland reported $162.8 million in revenue and $52.6 million in expenses for calendar year 2024. Of every $100 it spent, $98.51 went to program services, $1.49 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 88.4% of the total. Government grants made up 88.4%. The highest compensation it reported for one person was $166,096 (EXECUTIVE DI). 2 people received more than $100,000 in reportable compensation. Revenue fell 6% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $53MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $163MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.5% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 88.4% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 88.4% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 10.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $166,096 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.32% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 2 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 49.3 | 9.2 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGateway 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DI Officer, 40.00 hrs/week | $166,096 | $0 | $0 | $166,096 |
| CONTROLLER Officer, 40.00 hrs/week | $106,791 | $0 | $0 | $106,791 |
2 people received more than $100,000 in reportable compensation from Gateway Economic Development Corporation of Greater Cleveland (Part VII, line 2). Compensation of current officers, directors and key employees totaled $273K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 526
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WHITING-TURNER CONTRACTING CO Construction | $9,479,762 |
| ALPHA VIDEO & AUDIO INC Trades | $8,451,659 |
| PLATFORM CEMENT INC Construction | $3,333,921 |
Individuals listed as contractors are left out. 50 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Gateway Economic Development Corporation of Greater Cleveland's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Gateway Economic Development Corporation of Greater Cleveland, you can publish a response that is linked from this page.
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Of every $100 Gateway Economic Development Corporation of Greater Cleveland spent in 2024, $98.51 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Brooklyn Navy Yard Development CorpBrooklyn, NY · revenue $157M · programs 77.3% · FY2025
- Community and Economic Development Association of Cook CountyChicago, IL · revenue $168M · programs 96.5% · FY2025
- Hadassah The Women's Zionist Org of AmericaNew York, NY · revenue $152M · programs 71.8% · 2024
- Food Bank for New York CityBronx, NY · revenue $174M · programs 88.3% · FY2025
- Community PartnersLos Angeles, CA · revenue $151M · programs 85.6% · FY2025
All community improvement & capacity building charities · Largest charities in Ohio
Questions people ask
How much of Gateway Economic Development Corporation of Greater Cleveland's spending goes to programs?
In calendar year 2024, Gateway Economic Development Corporation of Greater Cleveland reported that 98.5% of its $52.6 million in expenses went to program services, 1.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Gateway Economic Development Corporation of Greater Cleveland pay its top executive?
The largest total compensation Gateway Economic Development Corporation of Greater Cleveland reported for one person in calendar year 2024 was $166,096, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Gateway Economic Development Corporation of Greater Cleveland get its money?
Of $162.8 million in revenue in calendar year 2024, 88.4% came from contributions and grants (including 88.4% from government grants) and 10.2% from program service revenue (Form 990, Part VIII).
Is Gateway Economic Development Corporation of Greater Cleveland a registered charity?
The IRS lists EIN 34-1650917 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349305194 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349312649 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349310560 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349303973 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113159349306706 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023019349301567 · read the filing
All filings for EIN 34-1650917: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.