2024-05-13T11:29:12-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2022-07-01 580603146 GEORGIA TECH RESEARCH CORPORATION GEOR 4048944819 926 DALNEY STREET NW ATLANTA GA 303320415 NEIL VITRO ASSISTANT TREASURER/SECRETARY 4048944819 2024-05-08 1 NEIL VITRO 999009999 1 AMY DOSIK P00890743 4042090954 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT FOY 926 DALNEY STREET NW ATLANTA GA 303320415 432879851 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. 12 9 0 9 135284 124258 4601696 4379382 379296509 415300495 202688 1613731 10183539 10548716 394284432 431842324 3558332 9834221 0 0 0 0 0 0 0 375981690 409106284 379540022 418940505 14744410 12901819 330106469 331557866 261642696 250192274 68463773 81365592 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 416469111 9834221 415300495 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. 416469111 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 1 249 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X NEIL VITRO 4043854446 926 DALNEY ST NW ATLANTA GA 303320415 CHAOUKI ABDALLAH PRESIDENT 1.00 40.00 X X 0 417734 89177 JOHN BARNARD TRUSTEE 0.50 0.50 X 0 0 0 MICHELLE CHRISTY TRUSTEE 0.50 0.50 X 0 0 0 KELLY FOX TRUSTEE 1.00 40.00 X 0 379885 46547 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 STEVEN MCLAUGHLIN TRUSTEE 1.00 40.00 X 0 568353 56819 DEB OLIVER TRUSTEE 0.50 0.50 X 0 0 0 THOMAS SAYLOR TRUSTEE 0.50 0.50 X 0 0 0 ROBERT STARGEL TRUSTEE 0.50 0.50 X 0 0 0 ROBERT FOY INTERIM GENERAL MANAGER 20.00 20.00 X 0 215025 62882 MARY SUSAN LOZIER SECRETARY 1.00 40.00 X 0 385912 46528 ALBERT CONCORD FACILITY SECURITY OFFICER 1.00 40.00 X 0 199271 41409 NEIL VITRO ASST SEC & ASST TREASURER 20.00 20.00 X 0 167957 60997 BRUCE HENRY ASST SEC & ASST TREASURER 16.00 24.00 X 0 134009 59551 JAMES FORTNER TREASURER, ASSISTANT SECRETARY 1.00 40.00 X 0 284882 85775 RAGHUPATHY SIVAKUMAR ASST SEC & ASST TREASURER 1.00 40.00 X 0 376607 55730 KEVIN WOZNIAK ASSISTANT SECRETARY 16.00 24.00 X 0 202571 46877 CYNTHIA HOPE VICE PRESIDENT AND ASST SECRETARY 40.00 1.00 X 0 248362 32814 JOHN KINGTON ASSISTANT SECRETARY 1.00 40.00 X 0 131679 35630 TANESHA STEWARD ASSISTANT SECRETARY 1.00 40.00 X 0 130292 42309 DANA SIMPSON ASSISTANT SECRETARY UNTIL NOV '22 40.00 1.00 X 0 154141 52639 SOPHIA HERBERT-PETERSON ASSISTANT SECRETARY 1.00 40.00 X 0 205189 45328 STEPHEN CROSS FORMER PRESIDENT 1.00 40.00 X 0 158423 0 REBECCA CARAVATI FORMER VICE PRES AND GENERAL MGR 20.00 20.00 X 0 82714 0 0 4443006 861012 0 1 1 0 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 RESEARCH 376723758 EDX INC 141 PORTLAND STREET FLOOR 9 CAMBRIDGE MA 02139 ONLINE COURSES 1200000 DATABANK HOLDINGS LTD 400 S AKARD ST SUITE 100 DALLAS TX 75202 DATABANK SERVICES 988430 DIGITAL ANALOG INTEGRATION INC 1692 HERON POINTE AUBURN AL 36830 SEMICONDUCTOR RESEARCH 365073 CHERRY BEKAERT LLP PO BOX 25549 RICHMOND VA 23260 ACCOUNTING SERVICES 329400 12 4379382 4379382 RESEARCH CONTRACTS 541700 415300495 415300495 415300495 1612007 1612007 3105126 3105126 8341659 1037527 7304132 7304132 7304132 1724 0 1724 1724 1724 K-1 INCOME 541900 135284 135284 4174 4174 139458 431842324 415300495 135284 12027163 X 9834221 9834221 8335 8335 109924 109924 185495 185495 392713759 392623971 89788 356400 356400 155544 155544 6566646 6566646 27247 27247 7444273 7444273 314054 314054 SHARED EMPLOYEE EXPENSE 1137545 1137545 UBI TAX 26848 26848 PROFESSIONAL DEVELOPMEN 4200 4200 56014 56014 418940505 416469111 2471394 0 120665951 128812265 87426404 97873964 308760 79956 3689636 2963525 563275 726111 61 61 1880377 119261641 104065509 330106469 331557866 46355752 51520347 94936836 94622751 120350108 104049176 261642696 250192274 X 63745987 74184281 4717786 7181311 68463773 81365592 330106469 331557866 12901819 0 X 0 1 X 1 1 1 X X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 1 9834221 0 1 9834221 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 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. 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 73298 149285 3184309 2890227 294082 282744 282744 726111 RIGHT TO USE ASSETS 51517546 LESSOR RECEIVABLE - CURRENT 7386692 LESSOR RECEIVABLE - NONCURRENT 45147858 SECURITY DEPOSITS 13413 104065509 DEFERRED INFLOWS OF RESOURCES 51525372 LEASE OBLIGATIONS - CURRENT 7386779 LEASE OBLIGATIONS - NONCURRENT 45137025 104049176 432879851 1037527 1037527 431842324 0 431842324 419978032 1037527 1037527 418940505 0 418940505 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 1,037,527. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,037,527. 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 303320257 586002023 170(C)(1) 9834221 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 STEVEN MCLAUGHLIN TRUSTEE 0 568353 0 0 0 0 0 28182 0 28637 0 625172 0 0 CHAOUKI ABDALLAH PRESIDENT 0 417734 0 0 0 0 0 59704 0 29473 0 506911 0 0 MARY SUSAN LOZIER SECRETARY 0 385912 0 0 0 0 0 28182 0 18346 0 432440 0 0 RAGHUPATHY SIVAKUMAR ASST SEC & ASST TREASURER 0 376607 0 0 0 0 0 28182 0 27548 0 432337 0 0 KELLY FOX TRUSTEE 0 379885 0 0 0 0 0 26694 0 19853 0 426432 0 0 JAMES FORTNER TREASURER, ASSISTANT SECRETARY 0 284882 0 0 0 0 0 57960 0 27815 0 370657 0 0 CYNTHIA HOPE VICE PRESIDENT AND ASST SECRETARY 0 248362 0 0 0 0 0 22969 0 9845 0 281176 0 0 ROBERT FOY INTERIM GENERAL MANAGER 0 215025 0 0 0 0 0 36614 0 26268 0 277907 0 0 SOPHIA HERBERT-PETERSON ASSISTANT SECRETARY 0 205189 0 0 0 0 0 18827 0 26501 0 250517 0 0 KEVIN WOZNIAK ASSISTANT SECRETARY 0 202571 0 0 0 0 0 18069 0 28808 0 249448 0 0 ALBERT CONCORD FACILITY SECURITY OFFICER 0 199271 0 0 0 0 0 39284 0 2125 0 240680 0 0 NEIL VITRO ASST SEC & ASST TREASURER 0 167957 0 0 0 0 0 34569 0 26428 0 228954 0 0 DANA SIMPSON ASSISTANT SECRETARY UNTIL NOV '22 0 154141 0 0 0 0 0 30898 0 21741 0 206780 0 0 BRUCE HENRY ASST SEC & ASST TREASURER 0 134009 0 0 0 0 0 28600 0 30951 0 193560 0 0 TANESHA STEWARD ASSISTANT SECRETARY 0 130292 0 0 0 0 0 26476 0 15833 0 172601 0 0 JOHN KINGTON ASSISTANT SECRETARY 0 131679 0 0 0 0 0 12359 0 23271 0 167309 0 0 STEPHEN CROSS FORMER PRESIDENT 0 0 0 0 0 158423 0 0 0 0 0 158423 0 158423 REBECCA CARAVATI FORMER VICE PRES AND GENERAL MGR 0 0 0 0 0 82714 0 0 0 0 0 82714 0 0 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 392,623,971. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 392,623,971. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 89,788. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,788. 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 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0