GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND (EIN 34-1650917)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-08-09
IRS object ID: 201142219349301579
Schema version: 2010v3.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-08-09T13:50:20-07:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DAVIS & COMPANY CPAS INC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	7205 PEARL ROAD	AddressLine1
City	MIDDLEBURG HEIGHTS	City
State	OH	State
ZIP Code	44130	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	341650917	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GATEWAY ECONOMIC DEVELOPMENT CORPORATION OF GREATER CLEVELAND	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GATE	NameControl
Phone	2164204071	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	758 BOLIVAR ROAD	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44115	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	TODD GREATHOUSE	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	2164204071	Phone
Date Signed	2011-08-02	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JOHN D DAVIS	Name
Phone	4408879150	Phone

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	TODD GREATHOUSE	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	758 BOLIVAR	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44113	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	25110702	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1990	YearFormation
State Legal Domicile	OH	StateLegalDomicile
Activity Or Mission Description	Promote economic development in order to prevent the conditions of blight and deterioration historically existing in the area.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	9	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	17469646	ProgramServiceRevenuePriorYear
Program Service Revenue CY	17947513	ProgramServiceRevenueCY
Investment Income Prior Year	3504864	InvestmentIncomePriorYear
Investment Income Current Year	4446848	InvestmentIncomeCurrentYear
Other Revenue Prior Year	1789041	OtherRevenuePriorYear
Other Revenue Current Year	2716341	OtherRevenueCurrentYear
Total Revenue Prior Year	22763551	TotalRevenuePriorYear
Total Revenue Current Year	25110702	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	520552	SalariesEtcPriorYear
Salaries Etc Current Year	509129	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	37351510	OtherExpensePriorYear
Other Expenses Current Year	34151661	OtherExpensesCurrentYear
Total Expenses Prior Year	37872062	TotalExpensesPriorYear
Total Expenses Current Year	34660790	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-15108511	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-9550088	RevenuesLessExpensesCY
Total Assets BOY	174910877	TotalAssetsBOY
Total Assets EOY	165119907	TotalAssetsEOY
Total Liabilities BOY	317936446	TotalLiabilitiesBOY
Total Liabilities EOY	317695564	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-143025569	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-152575657	NetAssetsOrFundBalancesEOY
Mission Description	Promote economic development	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	34399943	Expense
Revenue	17947513	Revenue
Description	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.	Description
Total Program Service Expense	34399943	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	true	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	1	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	9	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	OH	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	TODD GREATHOUSE	NamePerson
Telephone Number	2164204071	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	758 BOLIVAR ROAD	AddressLine1
City	CLEVELAND	City
State	OH	State
ZIP Code	44115	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
WILLIAM REIDY
CHAIRMAN-PART TIME	0.00	X	0	0	0
JAMES MCCAFERTY
TRUSTEE-PART TIME	0.00	X	0	0	0
TIMOTHY OFFTERMATT
TRUSTEE-PART TIME	0.00	X	0	0	0
ANTHONY C PEEBLES
TRUSTEE-PART TIME	0.00	X	0	0	0
TRACEY NICHOLS
TRUSTEE-PART TIME	0.00	X	0	0	0
TODD GREATHOUSE
EXECUTIVE DIRECTOR	40.00		92031	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	92031	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
WILLO SECURITY
38230 GLENN AVENUE	WILLOUGHBY	OH	44094	SECURITY	650491
WALSH CONSTRUCTION
20745 GERMANTOWN ROAD	FAIRVIEW PARK	OH	44120	CONTRACTOR	302559
VOCATIONAL SERVICES
2239 E 55TH STREET	CLEVELAND	OH	44103	TEMPORARY LABOR	178608
CONCRETE MAINTENANCE INC
PO BOX 38247	OLMSTED FALLS	OH	44138	CONTRACTOR	128285
WESTLAKE REED LESKOSKY
925 EUCLID AVENUE	CLEVELAND	OH	44115	CONTRACTOR	116300

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	6	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
BASE RENT	531120	11733849
PREMIUM SEAT REVENUE	531120	3138261
INCREMENTAL TRANS TAX	900099	3075403

Field	Value	IRS element (for citing)
Total Program Service Revenue	17947513	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	4446848	TotalRevenueColumn
Exclusion	$4,446,848	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS	Description
Business Code	900099	BusinessCode
Total Revenue Column	2716341	TotalRevenueColumn
Related Or Exempt Function Income	2716341	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	2716341	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	25110702	TotalRevenueColumn
Related Or Exempt Function Income	20663854	RelatedOrExemptFunctionIncome
Exclusion	$4,446,848	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	92031	Total
Program Services	61385	ProgramServices
Management And General	30646	ManagementAndGeneral
Fundraising	0	Fundraising

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	273982	Total
Program Services	182746	ProgramServices
Management And General	91236	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	102179	Total
Program Services	68153	ProgramServices
Management And General	34026	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	40937	Total
Program Services	27305	ProgramServices
Management And General	13632	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	25388	Total
Program Services	6347	ProgramServices
Management And General	19041	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	18527	Total
Program Services	4632	ProgramServices
Management And General	13895	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	38758	Total
Program Services	0	ProgramServices
Management And General	38758	ManagementAndGeneral
Fundraising	0	Fundraising

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	313	Total
Program Services	0	ProgramServices
Management And General	313	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	11598215	Total
Program Services	11598215	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	8951579	Total
Program Services	8951579	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
AMORTIZATION	1142139	1142139	0
CONSULTING FEES	11894	2974	8920
BANK AND TRUSTEE FEES	67113	67113	0
SECURITY	717760	717760	0
PROPERTY TAX	1044469	1044469	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	10535506	Total
Program Services	10525126	ProgramServices
Management And General	10380	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	34660790	Total
Program Services	34399943	ProgramServices
Management And General	260847	ManagementAndGeneral
Fundraising	0	Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	6735538	BOY
EOY	7038483	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	22936	BOY
EOY	22451	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	434926453	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	279853678	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	164815045	BOY
EOY	155072775	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	3337358	BOY
EOY	2986198	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	174910877	BOY
EOY	165119907	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	51671409	BOY
EOY	56812553	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	14934869	BOY
EOY	14824617	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	14375000	BOY
EOY	11780000	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	236715168	BOY
EOY	234038394	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	240000	BOY
EOY	240000	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	317936446	BOY
EOY	317695564	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	-143025569	BOY
EOY	-152575657	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-143025569	BOY
EOY	-152575657	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	174910877	BOY
EOY	165119907	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-9550088	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1422231	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	212180	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	218515	CurrentTaxYearMinus2Years
Current Tax Year	3075403	CurrentTaxYear
Total	4928329	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1422231	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	212180	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	218515	CurrentTaxYearMinus2Years
Current Tax Year	3075403	CurrentTaxYear
Total	4928329	Total

Field	Value	IRS element (for citing)
Public Support Total170	4928329	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2545807	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	3557717	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3857264	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	3504864	CurrentTaxYearMinus1Year
Current Tax Year	4446848	CurrentTaxYear
Total	17912500	Total

Field	Value	IRS element (for citing)
Total Support	22840829	TotalSupport
Public Support Pertcentage170	0.21580	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.44910	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests PY170	X	ThirtyThreePercntTestsPY170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	23108049	InvestmentCostOrOtherBasis
Book Value	23108049	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	347950208	InvestmentCostOrOtherBasis
Depreciation	235544661	Depreciation
Book Value	112405547	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	201698	InvestmentCostOrOtherBasis
Depreciation	192207	Depreciation
Book Value	9491	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	63666498	InvestmentCostOrOtherBasis
Depreciation	44116810	Depreciation
Book Value	19549688	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	155072775	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	REFUNDABLE DEPOSITS	Description
Amount	$240,000	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	240000	TotalOfAmounts
Total Revenue	25110702	TotalRevenue
Total Expenses	34660790	TotalExpenses
Excess Or Deficit For Year	-9550088	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-9550088	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	25110702	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	25110702	RevenueSubtotal
Total Revenue Per Form990	25110702	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	34660790	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	34660790	ExpensesSubtotal
Total Expenses Per Form990	34660790	TotalExpensesPerForm990

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	GATEWAY ECONOMIC DEVELOPMENT	BusinessNameLine1

Field	Value	IRS element (for citing)
Issuer EIN	341650917	IssuerEIN
CUSIP Number	367599BH9	CUSIPNumber
Date Issued	2004-04-12	DateIssued
Issue Price	25635000	IssuePrice
Description Of Purpose	STADIUM REV REFUNDING 2004A	DescriptionOfPurpose
Defeased	false	Defeased
On Behalf Of Issuer	false	OnBehalfOfIssuer
Pool Financing	false	PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

Field	Value	IRS element (for citing)
Amount Retired	13619507	AmountRetired
Total Proceeds	25399507	TotalProceeds
Amount In Reserve Fund	3280754	AmountInReserveFund
Issuance Costs From Proceeds	468589	IssuanceCostsFromProceeds
Year Of Subst Completion	2004	YearOfSubstCompletion
Current Refunding	true	CurrentRefunding
Advance Refunding	false	AdvanceRefunding
Final Allocation Made	true	FinalAllocationMade
Adequate Books And Recds Maintaind	true	AdequateBooksAndRecdsMaintaind

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-B, Line 12c	Ongoing review of directors and employees
Pt VI-B, Line 15	Review performed by directors
Pt VI-B, Line 11a	Return is prepared by independent CPA firm and provided to Directors
Form 990EZ, Part II, Line 24	PREPAIDS INVESTMENTS INTEREST RECEIVABLE LUXURY TAX RECEIVABLE NAMING RIGHTS RECEIVABLE DEFERED COSTS, NET OF AMORTIZATION OTHER ASSETS
Form 990EZ, Part II, Line 26	ACCOUNTS PAYABLE & ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES & OTHER NOTES REFUNDABLE DEPOSITS
Form 990, Part IX, Line 24f	UTILITIES 411. 0. 411. 0. VEHICLE EXPENSES 8253. 8253. 0. 0. PARKING 9780. 9780. 0. 0. REPAIRS & MAINT-SITES 3061644. 3061644. 0. 0. CONTRACTUAL EXPENSES 1500000. 1500000. 0. 0. INSURANCE 23394. 19885. 3509. 0. ADMISSIONS TAX 5921900. 5921900. 0. 0. POSTAGE AND SHIPPING 1888. 1605. 283. 0. TELEPHONE EXPENSE 8236. 2059. 6177. 0.