Civic Intelligence

Gateway Industrial Park Corporation

EIN 39-1514176 • 501(c)6 • Eau Claire, WI

Profile

Gateway industrial park corporation's purpose is to acquire, own, and develop industrial and commercial property, to sell or lease industrial and commercial property, and to promote said property for the purpose of encouraging commercial and industrial development and the creation of job opportunities in and around eau claire, wisconsin.

PO Box 720Eau Claire, WI 54702

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.25x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

6.02x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

7th percentile

-22%

Higher net margin than 7% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

23rd percentile

-2.3%

Faster asset growth than 23% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-33%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,724,355

Down $203,053 (-2.3%) from 2023

Liabilities

Down

$2,186,926

Down $122,298 (-5.3%) from 2023

Net Assets

Down

$6,537,429

Down $80,755 (-1.2%) from 2023

Revenue

Down

$363,091

Down $178,080 (-33%) from 2023

Expenses

Up

$443,846

Up $51,297 (+13%) from 2023

Net Income

Down

-$80,755

Down $229,377 (-154%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $10,626,725Liabilities 2010: $5,445,711Net Assets 2010: $5,181,0142010Assets 2011: $10,432,612Liabilities 2011: $5,277,220Net Assets 2011: $5,155,3922011Assets 2012: $10,168,682Liabilities 2012: $5,023,168Net Assets 2012: $5,145,5142012Assets 2013: $9,743,833Liabilities 2013: $4,787,421Net Assets 2013: $4,956,4122013Assets 2014: $9,210,620Liabilities 2014: $4,429,707Net Assets 2014: $4,780,9132014Assets 2015: $8,692,571Liabilities 2015: $3,439,712Net Assets 2015: $5,252,8592015Assets 2016: $7,844,918Liabilities 2016: $2,648,997Net Assets 2016: $5,195,9212016Assets 2017: $7,689,810Liabilities 2017: $2,511,839Net Assets 2017: $5,177,9712017Assets 2018: $7,728,308Liabilities 2018: $2,398,445Net Assets 2018: $5,329,8632018Assets 2019: $7,555,227Liabilities 2019: $2,258,526Net Assets 2019: $5,296,7012019Assets 2020: $7,320,865Liabilities 2020: $2,101,895Net Assets 2020: $5,218,9702020Assets 2021: $8,337,665Liabilities 2021: $1,919,119Net Assets 2021: $6,418,5462021Assets 2022: $8,376,671Liabilities 2022: $1,907,109Net Assets 2022: $6,469,5622022Assets 2023: $8,927,408Liabilities 2023: $2,309,224Net Assets 2023: $6,618,1842023Assets 2024: $8,724,355Liabilities 2024: $2,186,926Net Assets 2024: $6,537,4292024

Highlighted filing

2024

Assets$8,724,355
Liabilities$2,186,926
Net Assets$6,537,429

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $498,5122010Expenses 2011: $475,3812011Revenue 2012: $452,326Expenses 2012: $462,204Net Income 2012: -$9,8782012Revenue 2013: $319,568Expenses 2013: $508,670Net Income 2013: -$189,1022013Revenue 2014: $566,260Expenses 2014: $741,759Net Income 2014: -$175,4992014Revenue 2015: $1,019,398Expenses 2015: $547,452Net Income 2015: $471,9462015Revenue 2016: $385,065Expenses 2016: $442,003Net Income 2016: -$56,9382016Revenue 2017: $409,781Expenses 2017: $427,731Net Income 2017: -$17,9502017Revenue 2018: $635,049Expenses 2018: $483,157Net Income 2018: $151,8922018Revenue 2019: $403,051Expenses 2019: $436,213Net Income 2019: -$33,1622019Revenue 2020: $333,002Expenses 2020: $410,733Net Income 2020: -$77,7312020Revenue 2021: $1,756,983Expenses 2021: $557,407Net Income 2021: $1,199,5762021Revenue 2022: $443,235Expenses 2022: $392,219Net Income 2022: $51,0162022Revenue 2023: $541,171Expenses 2023: $392,549Net Income 2023: $148,6222023Revenue 2024: $363,091Expenses 2024: $443,846Net Income 2024: -$80,7552024

Highlighted filing

2024

Revenue$363,091
Expenses$443,846
Net Income-$80,755

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.72$2.19$6.54$0.36$0.44$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.93$2.31$6.62$0.54$0.39$0.15
2022Detailed filing. Detailed filing data is available for this year.$8.38$1.91$6.47$0.44$0.39$0.05
2021Detailed filing. Detailed filing data is available for this year.$8.34$1.92$6.42$1.76$0.56$1.20
2020Detailed filing. Detailed filing data is available for this year.$7.32$2.10$5.22$0.33$0.41$0.08
2019Detailed filing. Detailed filing data is available for this year.$7.56$2.26$5.30$0.40$0.44$0.03
2018Detailed filing. Detailed filing data is available for this year.$7.73$2.40$5.33$0.64$0.48$0.15
2017Detailed filing. Detailed filing data is available for this year.$7.69$2.51$5.18$0.41$0.43$0.02
2016Detailed filing. Detailed filing data is available for this year.$7.84$2.65$5.20$0.39$0.44$0.06
2015Detailed filing. Detailed filing data is available for this year.$8.69$3.44$5.25$1.02$0.55$0.47
2014Detailed filing. Detailed filing data is available for this year.$9.21$4.43$4.78$0.57$0.74$0.18
2013Detailed filing. Detailed filing data is available for this year.$9.74$4.79$4.96$0.32$0.51$0.19
2012Summary only. Only limited summary data is available for this year.$10.2$5.02$5.15$0.45$0.46$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$5.28$5.16$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$5.45$5.18$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.2
Gross Receipts
$363,091
Mission and Program Overview

Mission

N/A

Acquire, own, and develop industrial and commercial property, to sell or lease industrial and commercial property, and to promote said property for the purpose of encouraging commercial and industrial development and the creation of job opportunities in and around eau claire, wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,549,637$6,780,500▲ $4,230,863
Savings and Temporary Cash Investments$798,687$1,336,381▲ $537,694
Cash and Non-Interest-Bearing Accounts$994,454$247,626▼ $746,828
Investments Program Related$226,500$118,593▼ $107,907
Prepaid Expenses and Deferred Charges$927$926▼ $1
Total Assets$8,927,408$8,724,355▼ $203,053
Other Assets Total$4,357,203$240,329▼ $4,116,874
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,152,488$2,040,420▼ $112,068
Accounts Payable and Accrued Expenses$156,736$146,506▼ $10,230
Total Liabilities$2,309,224$2,186,926▼ $122,298
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,618,184$6,537,429▼ $80,755
Total Net Assets Fund Balance$6,618,184$6,537,429▼ $80,755
Total Liabilities and Net Assets / Fund Balance$8,927,408$8,724,355▼ $203,053

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,593,314$2,333,586$4,926,900
Land$4,187,186-$43,175
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karl HoeslyPresident
Dave SolbergVice President/assistant Secretary
Ben TrachselSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$317,336
Investment Income
$38,255
Other Revenue
$7,500
Change in Net Assets
$-80,755

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,091
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$363,091
Total Revenue per Form 990
$363,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$443,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$128,199
Depreciation Depletion---$122,992
Fees for Services Management---$80,918
Fees for Services Legal---$7,513
Insurance---$7,500
Fees for Services Accounting---$6,130
Occupancy---$5,347
Other Expenses---$4,850
Total Functional Expenses$0$0$0$443,846

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$443,846
Total Expenses per Audited Statements$443,846
Total Expenses per Form 990$443,846
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Landmark company performs operational and financial management services. Total amount paid for the year was $80,918

Form 990, Part VI, Section A, Line 8B

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The board of directors receive a preliminary draft of the financial statements and 990. The directors review the 990 to ensure that it agrees to the financial statements. They also review all questions to ensure they are properly answered. Then the 990 is approved by the board of directors before being filed with the irs.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made available to the public upon request. The organization does not have a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Gateway Industrial Park Corporation
EIN
39-1514176
Phone
7158343411
Address
PO BOX 720, EAU CLAIRE, WI 54702

Signing Officer

Name
Karl Hoesly
Title
President
Phone
7158343411
Signed
2025-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Hoesly
Formed
1984
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
3402 OAKWOOD MALL DRIVE SUITE 100, EAU CLAIRE, WI 54701-7672
Preparer
Dawn Yarrington
Phone
7158521100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation evaluated its tax positions and determined it has no uncertain tax positions as of december 31, 2024.

Raw XML Appendix293 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ACQUIRE, OWN, AND DEVELOP INDUSTRIAL AND COMMERCIAL PROPERTY, TO SELL OR LEASE INDUSTRIAL AND COMMERCIAL PROPERTY, AND TO PROMOTE SAID PROPERTY FOR THE PURPOSE OF ENCOURAGING COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND THE CREATION OF JOB OPPORTUNITIES IN AND AROUND EAU CLAIRE, WISCONSIN.
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 720
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IRS990/Desc0THE CORPORATION OWNS AND OPERATES THE GATEWAY BUSINESS PARK IN THE CITY OF EAU CLAIRE, WI. THE CORPORATION WILL CONSIDER THE ECONOMIC IMPACT OF PROJECTS THAT PURCHASE PROPERTY FROM THE CORPORATION. BASED ON MERIT OF THE PROJECT, TIED TO BUILDING INVESTMENT AND JOBS CREATION, THE BOARD OF DIRECTORS WILL CONSIDER REDUCTION OF LAND PRICE REQUESTS ON A CASE BY CASE BASIS. THE CORPORATION ALSO OWNS AN INDUSTRIAL BUILDING THAT IT LEASES TO A MANUFACTURING TENANT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT/ASSISTANT SECRETARY
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IRS990/MissionDesc0GATEWAY INDUSTRIAL PARK CORPORATION'S PURPOSE IS TO ACQUIRE, OWN, AND DEVELOP INDUSTRIAL AND COMMERCIAL PROPERTY, TO SELL OR LEASE INDUSTRIAL AND COMMERCIAL PROPERTY, AND TO PROMOTE SAID PROPERTY FOR THE PURPOSE OF ENCOURAGING COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND THE CREATION OF JOB OPPORTUNITIES IN AND AROUND EAU CLAIRE, WISCONSIN.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LANDMARK COMPANY PERFORMS OPERATIONAL AND FINANCIAL MANAGEMENT SERVICES. TOTAL AMOUNT PAID FOR THE YEAR WAS $80,918
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS RECEIVE A PRELIMINARY DRAFT OF THE FINANCIAL STATEMENTS AND 990. THE DIRECTORS REVIEW THE 990 TO ENSURE THAT IT AGREES TO THE FINANCIAL STATEMENTS. THEY ALSO REVIEW ALL QUESTIONS TO ENSURE THEY ARE PROPERLY ANSWERED. THEN THE 990 IS APPROVED BY THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08927408
IRS990/TotalAssetsEOYAmt08724355
IRS990/TotalAssetsGrp/BOYAmt08927408
IRS990/TotalAssetsGrp/EOYAmt08724355
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0443846
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02309224
IRS990/TotalLiabilitiesEOYAmt02186926
IRS990/TotalLiabilitiesGrp/BOYAmt02309224
IRS990/TotalLiabilitiesGrp/EOYAmt02186926
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06618184
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06537429
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0317336
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038255
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0324836
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0363091
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08927408
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08724355
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 720
IRS990/USAddress/CityNm0EAU CLAIRE
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd054702
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARL HOESLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07158343411
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GATEWAY INDUSTRIAL PARK CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GATE
ReturnHeader/Filer/EIN0391514176
ReturnHeader/Filer/PhoneNum07158343411
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 720
ReturnHeader/Filer/USAddress/CityNm0EAU CLAIRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd054702
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03402 OAKWOOD MALL DRIVE SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAU CLAIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0547017672
ReturnHeader/PreparerPersonGrp/PhoneNum07158521100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAWN YARRINGTON
ReturnHeader/ReturnTs02025-08-20T08:16:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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