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Nonprofiteer
← UNIVERSITY GATEWAY CORPORATION

Form 990 for tax year 2023

Filed by UNIVERSITY GATEWAY CORPORATION.

Totals

Total revenue
$4,964,870
Total expenses
$7,623,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$6,644,718
Management and general expenses
$979,006
Fundraising expenses
$0
Program service expenses (Part III)
$6,644,718

Program services were 87.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTINE SEARSON

    DIRECTOR/TREASURER/CFO

    Total calculated
    $450,362
    From this org
    $0
    From related orgs
    $393,529
    Other
    $56,833
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,779 related
    Bonus
    $0 + $59,976 related
    Other
    $0 + $774 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $23,833 related
    Filer's total
    $0 + $450,362 related

  • DAN GARRY

    SECRETARY

    Total calculated
    $124,080
    From this org
    $0
    From related orgs
    $102,637
    Other
    $21,443
    Hours/week
    1 + 40 related

  • DAN MCDONALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAT MASCIA

    CHAIR

    Total calculated
    $537,072
    From this org
    $0
    From related orgs
    $518,922
    Other
    $18,150
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,422 related
    Bonus
    $0 + $101,500 related
    Other
    $0
    Deferred
    $0 + $18,150 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $537,072 related

  • WALT LING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCOTT WALLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY PIETRZAK

    CONTROLLER

    Total calculated
    $158,048
    From this org
    $0
    From related orgs
    $150,851
    Other
    $7,197
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,851 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $7,197 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,048 related

  • MICHAEL DWYER

    COO

    Total calculated
    $323,839
    From this org
    $266,506
    From related orgs
    $0
    Other
    $57,333
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $218,873
    Bonus
    $47,440
    Other
    $193
    Deferred
    $34,715
    Nontaxable benefits
    $22,618
    Filer's total
    $323,839

  • AMY LEYDEN

    DIR. OF MARKETING

    Total calculated
    $111,204
    From this org
    $105,909
    From related orgs
    $0
    Other
    $5,295
    Hours/week
    40 + 1 related

  • JON MCCOMBS

    OPERATIONS MANAGER

    Total calculated
    $155,743
    From this org
    $125,271
    From related orgs
    $0
    Other
    $30,472
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $108,935
    Bonus
    $16,200
    Other
    $136
    Deferred
    $6,257
    Nontaxable benefits
    $24,215
    Filer's total
    $155,743

  • SARI BROUWER

    DIR. OF SALES AND EVENTS

    Total calculated
    $110,921
    From this org
    $104,551
    From related orgs
    $0
    Other
    $6,370
    Hours/week
    40 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
UNIVERSITY GATEWAY CORPORATION DOES NOT DIRECTLY COMPENSATE ITS DIRECTORS AND OFFICERS. COMPENSATION IS PAID TO CERTAIN UNIVERSITY GATEWAY CORPORATION'S DIRECTORS AND OFFICERS BY ITS BENEFICIARY ORGANIZATIONS: THE UNIVERSITY OF MINNESOTA FOUNDATION (UMF) AND THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION (UMAA). UNIVERSITY GATEWAY CORPORATION RELIED ON ITS BENEFICIARY ORGANIZATIONS TO DETERMINE COMPENSATION THROUGH THE APPROPRIATE PROCESS, WHICH INCLUDES REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION. UGC'S COO AND SENIOR MANAGEMENT TEAM COMPLETED A COMPENSATION STUDY FOR THE MAJORITY OF ITS EMPLOYEES IN FALL 2022 AND, IN LIGHT OF CURRENT MARKET CONDITIONS, CONTINUE TO MONITOR THIS CAREFULLY TO REMAIN COMPETITIVE WITH ITS COMPENSATION PROGRAM.
PART I, LINE 3
THE PRESIDENT'S COMPENSATION PAID THROUGH THE UNIVERSITY OF MINNESOTA FOUNDATION IS ESTABLISHED USING COMPENSATION SURVEYS GATHERED FROM THE INDUSTRY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202530659349300413

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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