2024-05-13T14:33:22-05:00 2023-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-07-01 521442293 GEORGIA TECH FACILITIES INC % HOLLY SEEL GEOR 4048948148 225 NORTH AVENUE LYMAN HALL ATLANTA GA 303320257 THOMAS J PIERCE III TREASURER 4048948148 2024-05-15 true THOMAS J PIERCE III 999009999 MARC A AZAR P91739349 4048746244 2024-05-15 2 2022 2023-04-26 12:10:37Z Tanesha Steward 225 NORTH AVE NW ATLANTA GA 30332 20637393 false X https://gtfi.gatech.edu X 1985 GA TO PROMOTE AND SUPPORT THE GEORGIA institute of technology via erecting suitable buildings and other facilities as needed to achieve the goals of the institute. 8 6 0 0 0 0 753732 11969548 19190958 -231223 692703 0 0 11738325 20637393 1058981 29769369 0 0 0 0 0 0 0 10721303 13960010 11780284 43729379 -41959 -23091986 373740668 335005818 331295599 315652735 42445069 19353083 X THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE AND SUPPORT THE GEORGIA INSTITUTE OF TECHNOLOGY, AN INSTRUMENTALITY OF THE BOARD OF REGENTS OF THE STATE UNIVERSITY SYSTEM OF GEORGIA AND TO ERECT SUCH SUITABLE BUILDINGS AND OTHER FACILITIES AS MAY BE APPROPRIATE TO THE NEEDS AND GOALS OF THE INSTITUTE. GEORGIA TECH FACILITIES, INC. PROVIDED FINANCING AS APPROPRIATE TO MEET THE NEEDS AND GOALS OF THE GEORGIA INSTITUTE OF TECHNOLOGY. false false 43390399 29769369 19190958 Georgia Tech Facilities, Inc. provided financing and contracting support for the design and construction of buildings and other facilities as appropriate to meet the needs and goals of the Georgia Institute of Technology. Georgia Tech Facilities, Inc. leases these buildings and other facilities to the Georgia Institute of Technology. 43390399 true true false false false false false false false false true false true false true true true false false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false true false true 6 0 true 0 false false false false false false false false false false false false X 8 6 false false false false false true false true true false false true true true true true true false false false GA X HOLLY SEEL 4048948148 221 UNCLE HEINIE WAY LYMAN HALL R ATLANTA GA 30332 X STEPHEN MCLAUGHLIN PROVOST & EXECUTIVE VP 1.0 39.0 X 0 568353 56819 KELLY FOX DIRECTOR 1.0 39.0 X 0 379885 46547 JAMES G FORTNER VP OF FINANCIAL PLANNING 1.0 39.0 X 0 284882 85775 JENNIFER HUBERT SECRETARY 4.0 36.0 X 0 215271 62006 THOMAS J PIERCE III TREASURER 4.0 36.0 X 0 208136 61288 TANESHA STEWARD EXECUTIVE DIRECTOR 4.0 36.0 X 0 130292 42309 KELLY MACARTHUR OFFICER 4.0 36.0 X 0 112135 36754 CORTRELLA GREER ASST SECRETARY 4.0 36.0 X 0 73520 22588 KANEISHA EDWARDS ASST TREASURER 4.0 36.0 X 0 44373 10023 HOLLY SEEL ASST TREASURER 4.0 36.0 X 0 38684 10401 JACK J FAUSSEMAGNE CHAIRMAN 1.0 0.0 X 0 0 0 STAN ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 JENI BOGDAN DIRECTOR 1.0 0.0 X 0 0 0 TYLER GAINES DIRECTOR 1.0 0.0 X 0 0 0 KAREN THURMAN DIRECTOR 1.0 0.0 X 0 0 0 JACOB TZEGAEBE DIRECTOR 1.0 0.0 X 0 0 0 0 2055531 434510 7 false true false GILBANE BUILDING COMPANY 3350 PEACHTREE ROAD NE SUITE 1200 ATLANTA GA 30326 CONSTRUCTION CONTRAC 22391601 JOHN F PENNEBAKER CO INC 1840 SOUTH LEE COURT BUFORD GA 30518 CONSTRUCTION CONTRAC 593266 J M WILKERSON CONSTRUCTION CO I 1734 SANDS PLACE MARIETTA GA 30067 CONSTRUCTION CONTRAC 582150 SRS INC 357 ODELL ROAD GRIFFIN GA 30224 CONSTRUCTION CONTRAC 510500 J E DUNN CONSTRUCTION COMPANY 1001 LOCUST STREET KANSAS CITY MO 64106 CONSTRUCTION CONTRAC 489744 11 753732 0 753732 MANAGEMENT FEES 561000 212453 212453 REIMBURSEMENT OF PROGRAM EXPENSES 561000 771321 771321 RENTAL INCOME 531190 18207184 18207184 19190958 379235 379235 0 0 0 0 0 313468 0 313468 313468 313468 0 0 0 0 0 0 0 0 0 0 20637393 19190958 692703 29769369 29769369 0 0 0 0 0 0 0 0 0 0 65493 65493 54100 54100 0 0 0 0 0 8625 8625 0 0 193751 193751 0 0 0 10090464 10090464 0 2502885 2502885 781186 758624 22562 REIMBURSED ADMIN COSTS - GA TE 188200 188200 BOARD OF REGENTS (BOR) FEES 45152 45152 TRUSTEE FEES 15254 15254 RATING AGENCY FEES 10000 10000 4900 4900 43729379 43390399 338980 0 0 0 37747037 34064396 0 0 0 0 0 0 0 0 0 0 0 0 3118158 2845967 2760178 0 24668838 2760178 0 0 0 0 292792247 281698316 0 0 15414388 13636961 373740668 335005818 2456270 501987 0 0 12440254 15519438 269005000 259075000 0 0 0 0 0 0 0 0 47394075 40556310 331295599 315652735 X 42242378 19353083 202691 0 42445069 19353083 373740668 335005818 -23091986 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 43729379 0 1 43729379 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2760178 2760178 2760178 INVESTMENT IN SALES-TYPE LEASE 281698316 C 281698316 0 ACCRUED BOND INTEREST 1350290 ACCRUED BOND ISSUANCE PREMIUMS 26008837 BONDS PAYABLE - TAXABLE 12900000 CONTRACT RETAINAGE PAYABLE 297183 DUE TO RELATED PARTIES 0 40556310 X 20637393 20637393 20637393 43729379 43729379 43729379 SCHEDULE D, PART X, LINE 2 The Organization has received a ruling from the Internal Revenue Service that it is exempt from Federal income tax under Section 501(a) as an organization described in Section 501(c)(3) of the Internal Revenue Code. The Organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Organization takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. The Organization is no longer subject to tax examinations for tax years ending before June 30, 2020. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 29769369 COST see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members. 1 PROCEDURE FOR MONITORING AND USE OF GRANTS Grants result from a deliberative planning process involving the officers and board members of the Organization. Monitoring of the process consists of periodic financial and operational review by officers and board members. false true false false false false false false false JAMES G FORTNER VP OF FINANCIAL PLANNING 0 284682 0 200 0 0 0 57960 0 27815 0 370657 0 0 THOMAS J PIERCE III TREASURER 0 205459 0 10 0 2667 0 41845 0 19443 0 269424 0 0 JENNIFER HUBERT SECRETARY 0 214414 0 10 0 847 0 43588 0 18418 0 277277 0 0 KELLY FOX DIRECTOR 0 372998 0 0 0 6887 0 26694 0 19853 0 426432 0 0 STEPHEN MCLAUGHLIN PROVOST & EXECUTIVE VP 0 483353 0 0 0 85000 0 28182 0 28637 0 625172 0 0 TANESHA STEWARD EXECUTIVE DIRECTOR 0 130292 0 0 0 0 0 26476 0 15833 0 172601 0 0 SCHEDULE J, PART I, LINE 4B KELLY FOX, CURRENT DIRECTOR OF THE ORGANIZATION, PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN STRUCTURED UNDER IRS SECTION 415(M). NO CONTRIBUTIONS WERE MADE TO THE PLAN IN CALENDAR YEAR 2022. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599004P9 2013-09-11 62311058 REFUNDED 2003 BONDS false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599005N3 2014-05-01 60258250 REFUNDED 2004 BONDS false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FBH7 2018-03-28 36885065 CONSTRUCTION OF DALNEY PARKING false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FCT0 2019-04-17 112497476 CAMPUS CENTER false false false A 28490000 0 62311540 0 0 0 617808 0 0 0 61693250 4 2006 true false true true B 10365000 0 60258255 0 0 0 196650 0 0 0 60061600 4 2007 true false true true C 1820000 0 37514668 0 2245739 0 639327 0 0 34000000 642046 169 2019 false false true true D 975000 0 117144504 0 14687890 0 1309586 0 0 95724817 682106 4741090 2022 false false false true A false false true true false 0 false false false true B false false false true true 0 false false false true C false false false false 0 false false false true D false true true true false 0 false false false true A false false true true false false 0 false 0 false true B false false true true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false false false true false false 0 false 0 true true A true B true C true D true SCHEDULE K, PAGE 1, BOND A date of issue of 2013 bonds is September 11, 2013. These bonds refunded the 2003 bonds. For those 2003 bonds, the issue date was August 21, 2003 and financed construction of the family housing complex. The difference between issue price and total proceeds of $482 is investment income. date of rebate computation: March 17, 2014 SCHEDULE K, PAGE 1, BOND B date of issue of 2014 bonds is May 01, 2014. These bonds refunded the 2004 bonds. For those 2004 bonds, the issue date was June 29, 2004 and financed construction of the molecular science facility. THE DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF $5 IS INVESTMENT INCOME. date of rebate computation: October 30, 2014 SCHEDULE K, PAGE 1, BOND C Date of Issue of 2018 Bonds is March 28, 2018. These bonds funded the construction of the Dalney Parking Deck. The difference between issue price and total proceeds equals $629,603 for interest earned on cost of issuance fund. date of rebate computation: April 6, 2021 SCHEDULE K, PAGE 1, BOND D DATE OF ISSUE OF 2019 BONDS IS APRIL 17, 2019 AND FINANCED RENOVATION AND IMPROVEMENT FOR THE CAMPUS CENTER. THE DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF $4,647,028 IS INVESTMENT INCOME. date of rebate computation: July 18, 2023 A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FEV3 2019-09-18 46724966 REFUNDED 2007A/2009B1 FOR NAA false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FFS9 2019-09-18 34839180 REFUNDED 2009A FOR ESS false false false A 7770000 0 46733391 0 0 0 495674 0 0 0 46237832 0 2008 true false true true B 3270000 0 34839517 0 0 0 455458 0 0 0 34397164 0 2008 true false true true A false false false false 0 false false false true B false false false false 0 false false false true A false true true false false false 0 false 0 false true B false true true false false false 0 false 0 false true A true B true SCHEDULE K, PAGE 2, BOND A DATE OF ISSUE OF 2019A BONDS IS SEPTEMBER 18, 2019. THESE BONDS REFUNDED THE 2007A & 2009B1 BONDS. FOR THOSE BONDS, THE ISSUE DATES WERE 7/31/2007 & 8/13/2009 RESPECTIVELY. THESE BONDS FINANCED CONSTRUCTION RELATED TO THE NORTH AVENUE APARTMENTS. THE DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF $8,425 IS INVESTMENT INCOME. SCHEDULE K, PAGE 2, BOND B DATE OF ISSUE OF 2019 BONDS IS SEPTEMBER 18, 2019. THESE BONDS REFUNDED THE 2009A BONDS. FOR THOSE 2009A BONDS, THE ISSUE DATE WAS AUGUST 13, 2009. 2009A REFUNDED 2008A BONDS. 2008A REFUNDED 2005A. THE DATE OF ISSUE OF 2005A IS NOVEMBER 15, 2005 AND THOSE BONDS FINANCED CERTAIN COSTS OF AN ELECTRICAL SUBSTATION. THE DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS OF $337 IS INVESTMENT INCOME. PART VI #7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA TECH FACILITIES, INC. PART VI #11 AN OFFICER OF THE ORGANIZATION EMAILS A DRAFT OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. IF THE REVIEW RESULTS IN ANY CHANGES, THE REVISED FORM 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. PART VI, #12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF THE ORGANIZATION. THE ORGANIZATION HAS NO EMPLOYEES BUT THE CONFLICT OF INTEREST POLICY IS INTENDED TO SERVE AS GUIDANCE FOR ALL PERSONS EMPLOYED BY THE GEORGIA INSTITUTE OF TECHNOLOGY IN POSITIONS OF SIGNIFICANT RESPONSIBILITY FOR THE ACTIVITIES OF THE ORGANIZATION. THE CONFLICT OF INTEREST POLICY REQUIRES EACH DIRECTOR AND OFFICER ANNUALLY (1) TO REVIEW THE POLICY AND (2) TO DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE ORGANIZATION OR THE GEORGIA INSTITUTE OF TECHNOLOGY; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. DISCLOSURE FORMS ARE DISTRIBUTED AND COLLECTED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION WHO PROVIDES ANY POSITIVE RESPONSES TO THE AUDIT COMMITTEE OR THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AS APPROPRIATE. DIRECTORS AND OFFICERS ARE REQUESTED TO DISCLOSE SUBSTANTIVE RELATIONSHIPS THAT THEY OR MEMBERS OF THEIR FAMILY MAINTAIN WITH ORGANIZATIONS THAT DO BUSINESS WITH THE ORGANIZATION, THE GEORGIA INSTITUTE OF TECHNOLOGY, OR ANY RELATED OR AFFILIATED ORGANIZATION, OR WHICH OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT IN LIGHT OF THEIR DECISION-MAKING AUTHORITY OR RESPONSIBILITY. DIRECTORS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH THE CONFLICTS DO NOT VOTE, PARTICIPATE IN DISCUSSION, OR BE PRESENT AT THE TIME OF THE VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. THE CONFLICT OF INTEREST POLICY PRECLUDES THE CORPORATION FROM ENTERING INTO ANY DESIGN OR CONSTRUCTION CONTRACT OR AGREEMENT WHERE A DIRECTOR OR OFFICER, OR AN ORGANIZATION WITH WHICH A DIRECTOR OR OFFICER HAS A BUSINESS RELATIONSHIP, IS IN A DIRECT CONTRACTUAL RELATIONSHIP WITH THE CORPORATION. BUSINESS RELATIONSHIP, IS IN A DIRECT CONTRACTUAL RELATIONSHIP WITH THE CORPORATION. PART VI, #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. PART VI, #19 GTFI'S ARTICLES OF INCORPORATION, BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON REQUEST. GTFI's audited financial statements are available on the Affiliated Organizations page of the Georgia Institute of Technology's Website. GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 Edu&Research GA 115 6 SEE DETAIL false GEORGIA TECH RESEARCH CORPORATION 926 Dalney St NW ATLANTA GA 30332 580603146 Spon RESEARCH GA 501(C)(3) 12C georgia tech false GEORGIA ADVANCED TECHNOLOGY VENTURES 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECON DEVELOP. GA 501(C)(3) 12A georgia tech false SOUTHERN LIGHT RAIL inc 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 COM. SERVICES GA 501(C)(3) 7 georgia tech false GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501(C)(3) 7 georgia tech false HOME PARK LEARNING CENTER 225 NORTH AVENUE NW ATLANTA GA 30332 582644893 CHILD CARE CT GA 501(C)(3) 12A georgia tech false GEORGIA TECH APPLIED RESEARCH CORPORATIO 926 Dalney St NW ATLANTA GA 30332 582374837 Spon RESEARCH GA 501(C)(3) 12C GEORGIA TECH false GEORGIA TECH GLOBAL INC 225 north avenue nw ATLANTA GA 30332 271070747 EDUC. SUPPORT GA 501(C)(3) 12A georgia tech false global center for medical innovation 575 14TH STREET NW atlanta GA 30318 264723391 MED. DEVICE GA 501(c)(3) 7 georgia tech false GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDG 2ND FL EAST 54 ST PANAMA CITY PM GLOBAL SUPPOR PM 501(c)(3) N/A GT GLOBAL false Georgia Tech Shenzhen Fdn for Education 88 FIRST HAIDE AVENUE NANSHAN DIST SHENZHEN CH Global Suppor CH 501(c)(3) N/A Georgia Tech false false true false false false false false false false true false false true false false true true false false GEORGIA INSTITUTE OF TECHNOLOGY B 29769369 COST GEORGIA INSTITUTE OF TECHNOLOGY J 25202830 COST GEORGIA INSTITUTE OF TECHNOLOGY M 280195 COST GEORGIA INSTITUTE OF TECHNOLOGY P 74016 COST GEORGIA INSTITUTE OF TECHNOLOGY Q 3060471 COST Sch R Part II COLUMN F GEORGIA TECH INSTITUTE OF TECHNOLOGY - (EIN: 58-6002023) NAME OF DIRECT CONTROLLING ENTITY: THE BOARD OF REGENTS OF THE USG