2026-04-30T09:59:46-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2024-07-01 580603146 GEORGIA TECH RESEARCH CORPORATION GEOR 4048944819 926 DALNEY STREET NW ATLANTA GA 303320415 NEIL VITRO ASSISTANT TREASURER/SECRETARY 4048944819 2026-04-28 1 1 MELANIE MCPEAK P01346034 4042090954 2024 2025-03-06 01:10:19Z TIM LIEUWEN 926 DALNEY STREET NW ATLANTA GA 303320415 509616923 0 X WWW.GTRC.GATECH.EDU X 1937 GA GEORGIA TECH RESEARCH CORPORATION ADVANCES RESEARCH AND TECHNOLOGICAL DEVELOPMENT AT GEORGIA TECH AS IT CONTINUALLY SEEKS TO ADVANCE SOCIETY AND THE GLOBAL COMPETITIVENESS OF GEORGIA AND THE NATION. GTRC SUPPORTS AND PROMOTES RESEARCH THROUGH ITS STEWARDSHIP OF THE FUNDS FOR SPONSORED RESEARCH AND FINANCIAL SUPPORT OF RESEARCH ACTIVITIES. GTRC EMBODIES GEORGIA TECH'S FOUNDING SPIRIT OF ENTREPRENEURSHIP AND FOCUS ON THE APPLICATIONS OF ENGINEERING, SCIENCE AND TECHNOLOGY TO THE CREATION OF MEANINGFUL NEW IDEAS, METHODS, AND OPPORTUNITIES. THROUGH TECHNOLOGY TRANSFER, GTRC ENABLES THE INSTITUTE TO MAINTAIN BENEFICIAL PARTNERSHIPS WITH PUBLIC AND PRIVATE SECTORS IN RESEARCH AND TECHNOLOGY TO ASSURE THE BENEFITS OF DISCOVERY ARE WIDELY DISSEMINATED. 13 10 0 10 97902 90837 1640234 3564373 459668936 491542300 3051223 2785124 11068523 10455939 475428916 508347736 16551050 26479883 0 0 0 0 0 0 0 451807360 481188252 468358410 507668135 7070506 679601 323605409 291765877 235169311 210336878 88436098 81428999 THE GEORGIA TECH RESEARCH CORPORATION (GTRC) IS ORGANIZED AND OPERATED TO SUPPORT THE RESEARCH ACTIVITIES OF THE GEORGIA INSTITUTE OF TECHNOLOGY IN THE AREAS OF INNOVATIVE RESEARCH, TECHNICAL ASSISTANCE, AND ECONOMIC DEVELOPMENT. 0 0 501838322 26479883 491561027 THE GEORGIA INSTITUTE OF TECHNOLOGY RESEARCH ACTIVITY IS SUPPORTED BY THE GEORGIA TECH RESEARCH CORPORATION WHICH CONSISTS OF OVER 2,000 INDIVIDUAL PROJECTS FOR GOVERNMENTS AND INDUSTRY. PAYMENTS AND REIMBURSEMENT OF EXPENSES AND GRANTS TO AND FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY HAVE BEEN MADE. THE GEORGIA TECH RESEARCH CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY WHICH IS A UNIT OF THE UNIVERSITY SYSTEM IN THE STATE OF GEORGIA. 501838322 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 283 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 10 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA CA X NEIL VITRO 4043854446 926 DALNEY ST NW ATLANTA GA 303320415 CHAOUKI ABDALLAH PRESIDENT TO 09/24 1.00 40.00 X X 0 401368 70368 TIM LIEUWEN PRESIDENT FROM 09/24 1.00 40.00 X X 0 363595 66752 SHANTAY BOLTON TRUSTEE 1.00 40.00 X 0 500785 63574 STEPHEN MCLAUGHLIN TRUSTEE 1.00 40.00 X 0 597699 53266 JOHN BARNARD TRUSTEE 0.50 0.50 X 0 0 0 MICHELLE CHRISTY TRUSTEE 0.50 0.50 X 0 0 0 SCOTT FRANK TRUSTEE 0.50 0.50 X 0 0 0 DAVID GARRISON TRUSTEE 0.50 0.50 X 0 0 0 KENNETH MASSARONI TRUSTEE 0.50 0.50 X 0 0 0 THERESA MAYER TRUSTEE 0.50 0.50 X 0 0 0 THOMAS SAYLOR TRUSTEE 0.50 0.50 X 0 0 0 DEB OLIVER TRUSTEE 0.50 0.50 X 0 0 0 ROBERT STARGEL TRUSTEE 0.50 0.50 X 0 0 0 PATRICK O'MALLEY TRUSTEE 0.50 0.50 X 0 0 0 ROBERT FOY GENERAL MANAGER 20.00 20.00 X 0 216899 68625 CYNTHIA HOPE VP & ASST. SECRETARY TO 08/24 40.00 1.00 X 0 196960 23375 J ANDREW HOWARD SECRETARY 20.00 20.00 X 0 101267 21107 NEIL VITRO ASST SEC AND ASST. TREAS. 20.00 20.00 X 0 172697 55113 BRUCE HENRY ASST SEC AND ASST. TREAS. 1.00 40.00 X 0 138867 54088 RAGHUPATHY SIVAKUMAR ASST SEC AND ASST. TREAS. 1.00 40.00 X 0 428178 63694 ROBERTA BURKE ASST SEC. 1.00 40.00 X 0 206798 21162 TANESHA STEWARD ASST SEC. TO 11/24 1.00 40.00 X 0 131717 50218 JOHN KINGTON ASST SEC. 1.00 40.00 X 0 138019 43657 SOPHIA HERBERT-PETERSON ASST SEC. 1.00 40.00 X 0 214017 50487 MARY ALBERTSON ASST SEC. FROM 11/24 1.00 40.00 X 0 222038 39847 ROBERT BUTERA ASST SEC. 1.00 40.00 X 0 333683 68449 JOSEPH J TESORIERO ASST TREAS. 20.00 20.00 X 0 133801 27477 JOSHUA ROSENBERG ASST TREAS. 1.00 40.00 X 0 190416 52068 VANNESSA DANIELS ASST SEC. 1.00 40.00 X 0 177894 25321 JARRETT ELLIS ASST. SEC. 1.00 40.00 X 0 179979 35544 ALBERT CONCORD FACILITY SECURITY OFFICER 1.00 40.00 X 0 211891 45788 KEVIN WOZNIAK ASST SEC. TO 05/24 1.00 40.00 X 0 118706 21777 0 5377274 1021757 0 1 1 0 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 RESEARCH 478983770 VLP 1 LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 RESEARCH 3089632 DATABANK HOLDINGS LTD 400 S AKARD ST SUITE 100 DALLAS TX 75202 DATABANK SERVICES 2741441 WILMER CUTLER PICKERING HALE AND DORR LL 2100 PENNSYLVANIA AVE NW WASHINGTON DC 20037 IP-RELATED LEGAL SERVICES 2304277 AMSURE 31 WOODLAWN AVENUE SARATOGA NY 12866 INSURANCE SERVICES 1295087 21 3564373 3564373 RESEARCH CONTRACTS 541700 489531189 489531189 2011111 2011111 491542300 2785124 97902 2687222 3056783 3056783 8649616 1269187 7380429 7380429 7380429 REFUNDS 900099 8868 8868 OTHER INCOME 900099 5556 5556 LEASE CLOSEOUT 900099 4303 4303 18727 508347736 491561027 97902 13124434 X 26479883 26479883 2055099 2055099 103420 103420 217114 217114 461226149 460582991 643158 360705 360705 173081 173081 6717091 6717091 61816 61816 15638 15638 8058357 8058357 290663 290663 SHARED EMPLOYEE EXPENSE 1887209 1887209 UBI TAX 21910 21910 507668135 501838322 5829813 0 117650794 88215852 102231520 98923842 247772 521651 7682258 3682036 1989507 4000222 66 67 101485750 100104243 323605409 291765877 86714785 82417153 148454526 127919725 235169311 210336878 X 82684569 73742298 5751529 7686701 88436098 81428999 323605409 291765877 679601 -7686700 0 X 0 1 X 1 1 1 X X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 1 26479883 0 1 26479883 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SECTION D, LINE 3 THERE ARE THIRTEEN (13) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. THE CURRENT INVESTMENT POLICY WAS ADOPTED ON DECEMBER 8, 2009 AND IT FITS WITHIN REQUIREMENTS ESTABLISHED BY THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. ADDITIONALLY, ANY CHANGES TO THE POLICY OR INVESTING IN ANY TYPE OF INVESTMENT VEHICLE NOT DESIGNATED BY THE CURRENT INVESTMENT POLICY REQUIRES THE APPROVAL OF THE BOARD OF TRUSTEES. ADDITIONALLY, THE BOARD OF TRUSTEES RECEIVES REPORTS FROM THE TREASURER OF THE COMPANY AT ALL SEMI-ANNUAL BOARD MEETINGS. SECTION E, LINE 1C GIT IS A UNIT OF THE UNIVERSITY SYSTEM OF THE STATE OF GEORGIA. GEORGIA STATE LAW PROHIBITS GIT FROM ENTERING INTO LONG TERM CONTRACTS (DEFINED AS IN EXCESS OF ONE YEAR) THAT WOULD PLACE AN OBLIGATION ON THE STATE. AS A RESULT, GTRC WAS ORGANIZED AND OPERATES PRIMARILY FOR THE PURPOSE OF SOLICITING GRANTS AND CONTRACTS AND ENTERING INTO CONTRACTS FOR RESEARCH AND SERVICES TO BE PERFORMED BY OR IN CONJUNCTION WITH GIT, OR TO BE PERFORMED USING GIT'S FACILITIES AND FOR RELATED OBJECTIVES. GTRC SERVES AS A CONTRACTING ENTITY FOR GIT AND CAN ENTER INTO LONG TERM CONTRACTS WITHOUT OBLIGATING THE STATE OF GEORGIA OR GIT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 240735 X 0 222583 117217 105366 7218940 3564819 3654121 240735 240735 4000222 RIGHT TO USE ASSETS 42254812 LESSOR RECEIVABLE - CURRENT 6961613 LESSOR RECEIVABLE - NONCURRENT 35837260 SECURITY DEPOSITS 13413 DUE FROM GEORGIA TECH 15037145 100104243 DEFERRED INFLOWS OF RESOURCES 42252837 LEASE OBLIGATIONS - CURRENT 6961543 LEASE OBLIGATIONS - NONCURRENT 35837260 INTERCOMPANY PAYABLES 42868085 127919725 509616923 1269187 1269187 508347736 0 508347736 508937322 1269187 1269187 507668135 0 507668135 PART III, LINE 4: THE ORGANIZATION'S COLLECTION IS THE INSTITUTE OF PAPER SCIENCE TECHNOLOGY MUSEUM COLLECTION. THE MUSEUM IS OPEN TO THE PUBLIC AND SCHEDULES A VARIETY OF TOURS INCLUDING THOSE FOR ADULTS, SCHOOLS, CAMPS, AND CHILD CARE CENTERS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,269,187. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,269,187. 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 303320257 586002023 170(C)(1) 26479883 0 RESEARCH PROGRAM SUPPORT 1 0 PART I, LINE 2: PURSUANT TO AN AGREEMENT BETWEEN GTRC AND THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, DATED APRIL 1, 1953, THE GTRC BOARD OF TRUSTEES ISSUES GRANTS FROM TIME TO TIME AS IT SEES FIT FOR THE PROMOTION OF RESEARCH AT GIT. THESE GRANTS ARE FUNDED FROM THE BALANCES HELD IN TRUST FOR GIT WHICH ARE REFLECTED IN THE UNRESTRICTED NET POSITION OF GTRC. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE GRANT FUNDS. 0 0 0 0 0 0 0 0 0 STEPHEN MCLAUGHLIN TRUSTEE 0 512699 0 0 0 85000 0 31878 0 21388 0 650965 0 0 SHANTAY BOLTON TRUSTEE 0 489985 0 0 0 10800 0 31878 0 31696 0 564359 0 0 RAGHUPATHY SIVAKUMAR ASST SEC AND ASST. TREAS. 0 328680 0 0 0 99498 0 31878 0 31816 0 491872 0 0 CHAOUKI ABDALLAH PRESIDENT TO 09/24 0 393268 0 0 0 8100 0 44647 0 25721 0 471736 0 0 TIM LIEUWEN PRESIDENT FROM 09/24 0 363595 0 0 0 0 0 31878 0 34874 0 430347 0 0 ROBERT BUTERA ASST SEC. 0 333628 0 0 0 55 0 31878 0 36571 0 402132 0 0 ROBERT FOY GENERAL MANAGER 0 216899 0 0 0 0 0 45828 0 22797 0 285524 0 0 SOPHIA HERBERT-PETERSON ASST SEC. 0 209360 0 0 0 4657 0 20666 0 29821 0 264504 0 0 MARY ALBERTSON ASST SEC. FROM 11/24 0 221953 0 0 0 85 0 21113 0 18734 0 261885 0 0 ALBERT CONCORD FACILITY SECURITY OFFICER 0 211891 0 0 0 0 0 43596 0 2192 0 257679 0 0 JOSHUA ROSENBERG ASST TREAS. 0 189736 0 0 0 680 0 18803 0 33265 0 242484 0 0 ROBERTA BURKE ASST SEC. 0 206798 0 0 0 0 0 19265 0 1897 0 227960 0 0 NEIL VITRO ASST SEC AND ASST. TREAS. 0 172697 0 0 0 0 0 36384 0 18729 0 227810 0 0 CYNTHIA HOPE VP & ASST. SECRETARY TO 08/24 0 196960 0 0 0 0 0 15060 0 8315 0 220335 0 0 JARRETT ELLIS ASST. SEC. 0 179279 0 0 0 700 0 17186 0 18358 0 215523 0 0 VANNESSA DANIELS ASST SEC. 0 177152 0 0 0 742 0 16701 0 8620 0 203215 0 0 BRUCE HENRY ASST SEC AND ASST. TREAS. 0 138867 0 0 0 0 0 30270 0 23818 0 192955 0 0 TANESHA STEWARD ASST SEC. TO 11/24 0 131148 0 0 0 569 0 26581 0 23637 0 181935 0 0 JOHN KINGTON ASST SEC. 0 138019 0 0 0 0 0 13660 0 29997 0 181676 0 0 JOSEPH J TESORIERO ASST TREAS. 0 133801 0 0 0 0 0 27281 0 196 0 161278 0 0 KEVIN WOZNIAK ASST SEC. TO 05/24 0 118706 0 0 0 0 0 8046 0 13731 0 140483 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED IN COORDINATION WITH THE BOARD OF TRUSTEES AND OFFICERS. THE CHANGES TO THE BYLAWS WERE OPERATIONAL AND SERVED TO CLARIFY AND AMEND THE GOVERNANCE STRUCTURE (INCREASING THE MAXIMUM NUMBER OF TRUSTEES FROM 10 TO 15) AND UPDATING PROCEDURES BASED ON BUSINESS GROWTH. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SR. DIRECTOR OF ACCOUNTING AND FINANCE, PRESENTED IN DETAIL TO THE AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GEORGIA TECH RESEARCH CORPORATION HAS A CONFLICT OF INTEREST POLICY IN PLACE. THE POLICY STATES THAT IN THE EVENT OF A CONFLICT OF INTEREST, AFFECTED BOARD MEMBERS MUST RECUSE THEMSELVES FROM A VOTE. THE POLICY MUST BE READ AND SIGNED ANNUALLY BY ALL OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS. AN ON-LINE SYSTEM WAS IMPLEMENTED IN 2013. ANY CONFLICT OF INTEREST IS REQUIRED TO BE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE GEORGIA TECH EMPLOYEES AND ARE SUBJECT TO THE COMPENSATION GUIDELINES OF THE BOARD OF REGENTS. THE BOARD OF REGENTS PERIODICALLY REVIEWS EMPLOYEE COMPENSATION AND COMPARES IT TO VARIOUS MARKET DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BYLAWS, ARTICLES OF INCORPORATION, FINANCIALS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G RESEARCH PERFORMED BY GIT: PROGRAM SERVICE EXPENSES 460,582,991. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 460,582,991. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 643,158. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 643,158. GEORGIA TECH APPLIED RESEARCH CORPORATION 926 DALNEY STREET NW ATLANTA GA 303320415 582374837 SPONSORED RESEARCH FOR GEORGIA INSTITUTE OF TECHNOLOGY GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA INSTITUTE OF TECHNOLOGY 500 TECH PARKWAY ATLANTA GA 30332 586002023 EDUCATION AND RESEARCH GA 170(C)(1) BOARD OF REGENTS OF USG 0 GEORGIA TECH FACILITIES INC 225 N AVE LYMAN HALL STE 325 ATLANTA GA 30332 521442293 FINANCING & CONSTRUCTING BUILDINGS FOR GEORGIA INSTITUTE OF TECHNOLOGY GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH GLOBAL INC 221 UNCLE HEINIE WAY NW ATLANTA GA 303320257 271070747 SUPPORT INTERNATIONAL ACTIVITIES OF GIT GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GLOBAL CENTER FOR MEDICAL INNOVATION INC 75 5TH STREET NW ATLANTA GA 30332 264723391 RESEARCH GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 HOME PARK LEARNING CENTER INC 500 TECH PARKWAY ATLANTA GA 30332 582644893 CHILD CARE GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 SOUTHERN LIGHT RAIL INC 225 N AVENUE NW ATLANTA GA 30332 300240711 COMMUNICATION SERVICES GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA ADVANCED TECHNOLOGY VENTURES INC 225 N AVENUE NW ATLANTA GA 30332 582538285 ECONOMIC DEVELOPMENT GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 0 0 0 1 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0