2023-05-09T13:10:19-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 2200 ATLANTA GA 30309 990 2021-07-01 581845423 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GEOR 4044133529 58 EDGEWOOD AVE 3RD FLOOR ATLANTA GA 30303 TIMOTHY L DENNING CHAIRPERSON 4044133529 2023-05-02 1 TIMOTHY DENNING 999009999 AMANDA ADAMS P00748038 4042090954 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TIMOTHY L DENNING 58 EDGEWOOD AVE 3RD FLOOR ATLANTA GA 30303 131356979 0 X SEE SCHEDULE O X 1989 GA SEE SCHEDULE O 10 0 0 0 21030 14541 99634823 112890407 2951333 6280616 518672 -313543 187407 3669515 103292235 122526995 94597693 106969777 0 0 0 0 0 0 0 5956913 8785856 100554606 115755633 2737629 6771362 169670407 92517140 136630061 54366313 33040346 38150827 X THE CORPORATION HAS BEEN ORGANIZED TO ENGAGE IN ACTIVITIES AND PURSUITS WHICH CONTRIBUTE TO THE EDUCATIONAL, RESEARCH, AND SERVICE FUNCTIONS OF GEORGIA STATE UNIVERSITY. THUS, THE CORPORATION WILL ATTEMPT TO SECURE GIFTS, CONTRIBUTIONS, AND GRANTS FROM INDIVIDUALS, INDUSTRIAL OR OTHER PRIVATE ORGANIZATIONS, GOVERNMENTAL AGENCIES OR OTHER PUBLIC AGENCIES AND OBTAIN AND/OR ENTER INTO CONTRACTS WITH SUCH INDIVIDUALS OR ENTITIES FOR THE PERFORMANCE OF SPONSORED RESEARCH, DEVELOPMENT, OR OTHER PROGRAMS TO BE PERFORMED UNDER SUBCONTRACT BY GEORGIA STATE UNIVERSITY. 1 0 108159928 106969777 6378346 RESEARCH GRANTS ARE AWARDED TO GEORGIA STATE UNIVERSITY. GEORGIA STATE UNIVERSITY IS A PREMIER URBAN PUBLIC RESEARCH UNIVERSITY, SOLVING GLOBAL CHALLENGES IN HUMAN HEALTH. RESEARCHERS UTILIZE THE UNIVERSITY'S STATE-OF-THE-ART FACILITIES AND WORK ACROSS THE DISCIPLINES TO ADDRESS CRITICAL QUALITY OF LIFE ISSUES, SUCH AS CANCER, OBESITY, INFLAMMATION, VACCINE DEVELOPMENT, CHILD AND ADULT LITERACY, AND PUBLIC HEALTH ISSUES RELATED TO SMOKING, AND OTHER CHRONIC DISEASES. ANNUAL GRANT AWARDS RECEIVED AT THE UNIVERSITY HAVE EXCEEDED THE $100 MILLION MILESTONE FOR THE PAST THREE YEARS. FEDERAL SPONSORSHIP ACCOUNTS FOR OVER 70 PERCENT OF THE TOTAL GRANT AWARD VOLUME AT THE UNIVERSITY. 3100000 THE FOUNDATION SUPPORTED THE LEARNING ENGINEERING TOOLS COMPETITION IN 2021, A MULTI-MILLION DOLLAR PRIZE CHALLENGE TO LEVERAGE TECHNOLOGY, DATA, AND LEARNING SCIENCE TO MEET THE URGENT NEEDS OF LEARNERS ACROSS GENERATIONS. THE COMPETITION INVITED TECHNOLOGISTS, DIGITAL LEARNING PLATFORMS, RESEARCHERS, STUDENTS, AND TEACHERS FROM AROUND THE GLOBE TO PROPOSE INNOVATIVE TOOLS OR TECHNOLOGIES TARGETING ONE OF THE FOUR FOLLOWING AREAS IN EDUCATION: ACCELERATION OF LEARNING IN ELEMENTARY AND SECONDARY LITERACY AND MATH; TRANSFORMATION OF K-12 ASSESSMENTS IN BOTH COST AND QUALITY; FACILIATION OF FASTER, BETTER, AND CHEAPER LEARNING SCIENCE RESEARCH; OR DRIVING IMPROVEMENTS IN ADULT LEARNING THAT BOOSTS WAGES. 111259928 1 1 0 1 0 0 0 0 0 1 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 1 1 0 0 0 1 35 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X GARY BRENNAMAN 4044133529 58 EDGEWOOD AVE 3RD FLOOR ATLANTA GA 30303 TIMOTHY DENNING CHAIRPERSON 5.00 35.00 X X 0 313091 33984 JERRY J RACKLIFFE VICE CHAIRPERSON 5.00 35.00 X X 0 390004 85914 KERRY L HEYWARD SECRETARY 5.00 35.00 X X 0 271837 42274 M BRYAN BLAKE DIRECTOR 1.00 39.00 X 0 297970 227728 MARGO BRINTON DIRECTOR 1.00 39.00 X 0 197565 24581 WENDY HENSEL DIRECTOR 1.00 39.00 X 0 416410 50271 CANDACE KEMP DIRECTOR 1.00 39.00 X 0 152722 20127 SARAH ROSEN DIRECTOR 1.00 39.00 X 0 340311 43071 ROSE SEVCIK DIRECTOR 1.00 39.00 X 0 138304 18815 JACK WILLIAMS DIRECTOR 1.00 39.00 X 0 147481 30784 0 2665695 577549 0 0 1 0 PD KIM CONSULTING 830-13 A1A N164 PONTE VEDRA BEACH FL 32802 GRANTS MGMT CONSULT 248819 MCCARTHY BUILDING COMPANIES 2727 PACES FERRY RD SE BLDG 2 STE ATLANTA GA 30339 CONSTRUCTION 213708 MEUNIER CARLIN & CURFMAN LLC 817 WEST PEACHTREE ST STE 500 ATLANTA GA 30308 LEGAL 161641 KILPATRICK TOWNSEND & STOCKTON LLP 1100 PEACHTREE ST NE STE 2800 ATLANTA GA 30309 LEGAL 153236 COMPUTER PACKAGES INC 414 HUNGERFORD DR 3RD FL ROCKVILLE MD 20850 LEGAL 142241 6 91510537 21379870 112890407 LICENSING FEES 611710 3434794 3434794 SCIENCE PARK FACILITY RENTAL 531190 2647475 2647475 ACRC MEMBERSHIP FEES 900099 198347 198347 6280616 410153 410153 258410 208290 50120 50120 50120 7897998 7283389 1338305 614609 -1338305 -723696 -723696 GAIN ON BOND DEFEASANCE 900099 3031470 3031470 INSURANCE PROCEEDS/REIMB 900099 420094 420094 PARKING REVENUE 611710 70101 21030 49071 97730 97730 3619395 122526995 6378346 21030 3237212 106969777 106969777 818204 818204 150250 150250 27576 27576 671774 671774 598 598 411288 411288 15777 15777 27192 27192 637418 637418 16538 16538 315937 315937 1046069 1030444 15625 159707 159707 312759 312759 LEARNING ENGINEERING TO 3100000 3100000 RESEARCH EXPENSE 1038733 1038733 36036 36036 115755633 111259928 4495705 0 22830524 19312213 19583149 9282276 54000 56936 21213832 28420342 13932516 8223535 6375269 5708981 16089922 7539517 153297 194515 65074272 18296142 22002360 169670407 92517140 38343028 25151917 23197375 28470140 75089658 0 744256 136630061 54366313 X 18291678 30515536 14748668 7635291 33040346 38150827 169670407 92517140 X 6771362 -1333381 -327500 X 0 1 X 1 1 1 X 94608767 92574464 103244884 99634823 112890407 502953345 94608767 92574464 103244884 99634823 112890407 502953345 502953345 610545 835507 649412 474474 668563 3238501 10470 11693 7457 2356 14541 46517 43261 45978 35202 22571 49071 196083 506434446 19906321 0.99310 0.99320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 115782 0 0 115782 0 PART II-B, LINE 1: VAN SCOYOC ASSOCIATES, INC. PERFORMS LOBBYING ACTIVITIES THROUGH DIRECT CONTACT WITH LEGISLATORS TO SECURE ADDITIONAL FUNDS FOR SPECIFIC RESEARCH ACTIVITIES. 6074861 214260 6289121 6202231 -37891 89479 6074861 6198750 130590 127109 6202231 4773229 1200000 225521 6198750 4050000 345845 377384 4773229 0.75355 0.24645 0 0 1644619 1644619 4829967 1929164 2900803 6455240 6239774 215466 270992 54597 216395 731698 731698 5708981 UNBILLED PROJECT COSTS 12002360 RELATED PARTY NOTE RECEIVABLE 10000000 22002360 LEASE LIABILITY 744256 744256 122740209 -1333381 208290 -1125091 123865300 -1338305 -1338305 122526995 117629728 1874095 1874095 115755633 0 115755633 PART V, LINE 4: ENDOWMENT FUNDS CONSIST OF BOARD-DESIGNATED AND DONOR-RESTRICTED AMOUNTS TO FUND THE GEORGIA RESEARCH ALLIANCE EMINENT SCHOLARS IN RESIDENCE AT GSU. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 208,290. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL -1,338,305. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSES 327,500. RENTAL EXPENSES 208,290. LOSS ON DISPOSAL 1,338,305. 1 GEORGIA STATE UNIVERSITY 33 GILMER STREET ATLANTA GA 30303 586002050 170(C)(1) 106969777 0 RESEARCH 1 0 PART I, LINE 2: GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION DISTRIBUTES THE GRANTS UPON REQUEST BY THE GEORGIA STATE UNIVERSITY'S OFFICE OF SPONSORED PROGRAMS AND AWARDS. THE ORGANIZATION ESTABLISHES THE BUDGET FOR EACH PROJECT AND MONITORS THE EXPENDITURES. EACH MONTH THE OFFICE OF SPONSORED PROGRAMS AND AWARDS REQUESTS THE GRANT FUND TO COVER THE EXPENDITURE FOR THE PROJECT BUDGET. THE ORGANIZATION HAS ALSO DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS. THE ORGANIZATION IS ALSO SUBJECT TO AN ANNUAL AUDIT, WHICH TESTS THE ORGANIZATION'S INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT COMPLIANCE REQUIREMENTS AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. X 1 1 0 0 0 0 0 0 0 0 0 M BRYAN BLAKE DIRECTOR 0 297970 0 0 0 0 0 204546 0 23182 0 525698 0 0 JERRY J RACKLIFFE VICE CHAIRPERSON 0 390004 0 0 0 0 0 0 0 85914 0 475918 0 0 WENDY HENSEL DIRECTOR 0 416410 0 0 0 0 0 0 0 50271 0 466681 0 0 SARAH ROSEN DIRECTOR 0 340311 0 0 0 0 0 0 0 43071 0 383382 0 0 TIMOTHY DENNING CHAIRPERSON 0 313091 0 0 0 0 0 0 0 33984 0 347075 0 0 KERRY L HEYWARD SECRETARY 0 271837 0 0 0 0 0 0 0 42274 0 314111 0 0 MARGO BRINTON DIRECTOR 0 197565 0 0 0 0 0 0 0 24581 0 222146 0 0 JACK WILLIAMS DIRECTOR 0 147481 0 0 0 0 0 0 0 30784 0 178265 0 0 CANDACE KEMP DIRECTOR 0 152722 0 0 0 0 0 0 0 20127 0 172849 0 0 ROSE SEVCIK DIRECTOR 0 138304 0 0 0 0 0 0 0 18815 0 157119 0 0 PART I, LINE 1A DUES WERE PAID ON BEHALF OF THE CHAIR FOR BUSINESS PURPOSES ONLY. THE DUES WERE TREATED AS A NONTAXABLE BENEFIT. PART II COMPENSATION OF OFFICERS: GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM RELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY. FORM 990, PART I, LINE 1 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. IS CREATED TO SUPPORT THE RESEARCH ACTIVITIES OF GEORGIA STATE UNIVERSITY. THE ORGANIZATION SUPPORTS SUCH RESEARCH ACTIVITIES BY ACCEPTING AND ADMINISTERING GRANTS/CONTRACTS RECEIVED IN SUPPORT OF RESEARCH PROPOSALS SUBMITTED BY UNIVERSITY EMPLOYEES THROUGH THE RESEARCH FOUNDATION. PART I, LINE J, ENTITY'S WEBSITE: HTTPS://RESEARCH.GSU.EDU/GEORGIA-STATE-UNIVERSITY-RESEARCH-FOUNDATION/ FORM 990, PART III, LINE 2 SEE PART III, LINE 4B FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO QUARTERLY BOARD OF DIRECTORS MEETING, THE DRAFT 990 FORM IS PROVIDED TO ALL MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ONCE EACH FISCAL YEAR, BOARD MEMBERS MUST SUBMIT A SIGNED AFFIDAVIT ANSWERING QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT THAT A CONFLICT IS NOTED, THAT PERSON RECUSES HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM A RELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY. GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION FOLLOWS THE POLICIES OF GEORGIA STATE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 THE GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSES -327,500. 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