2025-05-07T16:29:22-04:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 521442293 GEORGIA TECH FACILITIES INC % HOLLY SEEL GEOR 4048948148 225 NORTH AVENUE LYMAN HALL ATLANTA GA 303320257 THOMAS J PIERCE III TREASURER 4048948148 2025-05-15 true true MARC A AZAR P91739349 4048746244 2025-05-15 2023 2025-03-06 01:10:19Z Shannon McGhee 225 NORTH AVE NW ATLANTA GA 30332 39978256 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 22907764 19190958 15242369 692703 1828123 0 0 20637393 39978256 29769369 17801863 0 0 0 0 0 0 0 13960010 17728486 43729379 35530349 -23091986 4447907 335005818 394829399 315652735 371028409 19353083 23800990 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 35169965 17801863 15242369 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. 35169965 true true false false false false false false false false true false true true 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 595022 54808 JAMES G FORTNER VP OF FINANCIAL PLANNING 1.0 39.0 X 0 303648 82757 THOMAS J PIERCE III TREASURER 4.0 36.0 X 0 208703 74488 JENNIFER BENTSON SECRETARY 4.0 36.0 X 0 215986 62451 TANESHA STEWARD EXECUTIVE DIRECTOR 4.0 36.0 X 0 140707 47591 KELLY MACARTHUR FORMER OFFICER 0.0 40.0 X 0 117217 38862 HOLLY SEEL ASST TREASURER 4.0 36.0 X 0 117592 36640 KANEISHA EDWARDS ASST TREASURER 4.0 36.0 X 0 100070 28597 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 1798945 426194 0 true true false TURNER CONSTRUCTION COMPANY 3495 PIEDMONT ROAD NE SUITE 700 ATLANTA GA 30305 CONSTRUCTION CONTRAC 9215658 GILBANE BUILDING COMPANY 3350 PEACHTREE ROAD NE SUITE 1200 ATLANTA GA 30326 CONSTRUCTION CONTRAC 2730340 J M WILKERSON CONSTRUCTION CO I 1734 SANDS PLACE MARIETTA GA 30067 CONSTRUCTION CONTRAC 1510898 HOGAN CONSTRUCTION GROUP LLC 5075 AVALON RIDGE PARKWAY NORCROSS GA 30071 CONSTRUCTION CONTRAC 1173630 SLAM COLLABORATIVE INC 80 Glastonbury Boulevard GLASTONBURY CT 30332 Architecture 1549576 10 X 22907764 0 22907764 MANAGEMENT FEES 561000 265203 265203 REIMBURSEMENT OF PROGRAM EXPENSES 561000 731029 731029 RENTAL INCOME 531190 14246137 14246137 15242369 886810 886810 0 0 0 0 0 941313 941313 941313 941313 0 0 0 0 0 0 0 0 0 0 39978256 15242369 1828123 17801863 17801863 0 0 0 0 0 0 0 0 0 0 59163 59163 54100 54100 0 0 0 0 0 21190 21190 0 0 193750 193750 0 0 0 14883183 14883183 0 1393127 1393127 854916 830140 24776 REIMBURSED ADMIN COSTS - GA TE 201155 201155 BOARD OF REGENTS (BOR) FEES 45913 45913 TRUSTEE FEES 10989 10989 RATING AGENCY FEES 10500 10500 500 500 35530349 35169965 360384 0 0 0 34064396 68218125 0 0 0 0 0 0 0 0 0 0 0 0 2845967 2620405 2760178 0 2760178 2760178 0 0 0 0 281698316 268916284 0 0 13636961 52314407 335005818 394829399 501987 6639905 0 0 15519438 15939360 259075000 296270000 0 0 0 0 0 0 0 0 40556310 52179144 315652735 371028409 X 19353083 23800990 0 0 19353083 23800990 335005818 394829399 4447907 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 35530349 0 1 35530349 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 268916284 C 268916284 BOND ISSUANCE COST 6431532 CONSTRUCTION IN PROGRESS 45737740 DUE FROM RELATED PARTIES 145135 52314407 0 ACCRUED BOND INTEREST 1450479 ACCRUED BOND ISSUANCE PREMIUMS 33911568 BONDS PAYABLE - TAXABLE 12125000 CONTRACT RETAINAGE PAYABLE 4692097 52179144 X 39978256 39978256 39978256 35530349 35530349 35530349 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, 2021. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 13291891 COST see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members. GEORGIA TECH ATHLETIC ASSOCIATION 177 NORTH AVE NE ATLANTA GA 30332 580622514 115 4509972 COST see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members. 2 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 false false false false false false false false HOLLY SEEL ASST TREASURER 0 117592 0 0 0 0 0 11642 0 24998 0 154232 0 0 JAMES G FORTNER VP OF FINANCIAL PLANNING 0 292848 0 0 0 10800 0 60140 0 22617 0 386405 0 0 THOMAS J PIERCE III TREASURER 0 208703 0 0 0 0 0 43956 0 30532 0 283191 0 0 STEPHEN MCLAUGHLIN PROVOST & EXECUTIVE VP 0 510022 0 0 0 85000 0 30492 0 24316 0 649830 0 0 TANESHA STEWARD EXECUTIVE DIRECTOR 0 140707 0 0 0 0 0 29334 0 18257 0 188298 0 0 JENNIFER BENTSON SECRETARY 0 214939 0 0 0 1047 0 44223 0 18228 0 278437 0 0 KELLY MACARTHUR FORMER OFFICER 116543 674 24674 14188 156079 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 36005FBH7 2018-03-28 36885065 CONSTRUCTION OF DALNEY PARKING false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FCT0 2019-04-17 112497476 CAMPUS CENTER false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FEV3 2019-09-18 46724966 REFUNDED 2007A/2009B1 FOR NAA false false false A 32630000 0 62311058 0 0 0 617808 0 0 0 61693250 0 2006 true false true true B 2490000 0 37513957 0 2290465 0 639713 0 0 34583779 0 0 2019 false false true true C 2600000 0 117331172 0 15373221 0 1309780 0 0 100648172 0 0 2022 false false false true D 10440000 0 46725003 0 0 0 495711 0 0 0 46229292 0 2008 true false true true A false false true true false 0 false false false true B false false false false 0 false false false true C false true true true false 0 false false false true D false false false false 0 false false false true A false false true true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false false false true false false 0 false 0 false true D false true true false false false 0 false 0 false 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. date of rebate computation: March 17, 2014 SCHEDULE K, PAGE 1, BOND B 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 $628,892 for interest earned on cost of issuance fund. date of rebate computation: April 6, 2021 SCHEDULE K, PAGE 1, BOND C 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 $4,833,696 is investment income. date of rebate computation: July 18, 2023 SCHEDULE K, PAGE 1, BOND D 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 $37 is investment income. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FFS9 2019-09-18 34839180 REFUNDED 2009A FOR ESS false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FKY0 2024-01-24 60513631 TECHNOLOGY SQUARE 3 false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FMF9 2024-03-13 45652276 REFUNDED 2014A BONDS false false false A 4260000 0 34839235 0 0 0 455513 0 0 0 34383722 0 2008 true false true true B 0 0 61623477 0 1058675 0 1068201 0 0 21260894 0 38235707 false false false true C 0 0 46254263 0 0 0 726335 0 0 0 45515794 12134 2007 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true true false false false 0 false 0 false true B false true false false false false 0 false 0 true C false true true false false false 0 false 0 false true A true B true C true SCHEDULE K, PAGE 2, BOND A 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 $55 is investment income. SCHEDULE K, PAGE 2, BOND B Date of issue of 2024 bonds is January 24, 2024. These bonds funded the construction of Technology Square 3. the difference between issue price and total proceeds of $1,109,846 is investment income. The spending related to this bond is not complete, so the organization is unable to confirm whether any proceeds were invested beyond the temporary period. SCHEDULE K, PAGE 2, BOND C Date of issue of 2024A bonds is March 13, 2024. These bonds refunded the 2014A bonds. For those 2014A bonds, the issue date was May 1, 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 $601,987 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. PART VIII, LINE 1D The Organization recognizes revenue for payments received as gifts to support projects and as work is performed on special projects for related parties. For the year ended June 30, 2024, the Organization received or performed $744,540 for the replacement of the pool filtration system at the Campus Recreation Center ("CRC"), $652,361 for the swim & dive locker room refresh at the CRC, $2,254,625 for the replacement of the CRC pool lighting, $14,746,267 for Tech Square 3 ("TS3"), $4,509,972 for the Student Athletic Performance Center ("SAPC") and $731,028 as expense reimbursement. 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 true false false false false false false true false false true true true true true false false GEORGIA INSTITUTE OF TECHNOLOGY B 8928326 COST GEORGIA INSTITUTE OF TECHNOLOGY C 13500000 COST GEORGIA INSTITUTE OF TECHNOLOGY J 25388322 COST GEORGIA INSTITUTE OF TECHNOLOGY M 201153 COST GEORGIA INSTITUTE OF TECHNOLOGY P 4363919 COST GEORGIA INSTITUTE OF TECHNOLOGY Q 585051 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