2025-05-13T11:07:34-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2023-07-01 580603146 GEORGIA TECH RESEARCH CORPORATION GEOR 4048944819 926 DALNEY STREET NW ATLANTA GA 303320415 NEIL VITRO ASSISTANT TREASURER/SECRETARY 4048944819 2025-05-12 1 1 MELANIE MCPEAK P01346034 4042090954 2023 2025-03-06 01:10:19Z ROBERT FOY 926 DALNEY STREET NW ATLANTA GA 303320415 476767292 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 9 109411 99898 4379382 1640234 415300495 459668936 1613731 3051223 10548716 11068523 431842324 475428916 9834221 16551050 0 0 0 0 0 0 0 409106284 451807360 418940505 468358410 12901819 7070506 331557866 323605409 250192274 235169311 81365592 88436098 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 463788442 16551050 459708773 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. 463788442 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 1 246 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 10 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 441195 94515 JOHN BARNARD TRUSTEE 0.50 0.50 X 0 0 0 SHANTAY BOLTON TRUSTEE (08/14/23 - CURRENT ) 1.00 40.00 X 0 189256 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 STEPHEN MCLAUGHLIN TRUSTEE 1.00 40.00 X 0 595022 54808 DEB OLIVER TRUSTEE 0.50 0.50 X 0 0 0 PATRICK O'MALLEY TRUSTEE (10/04/23 - CURRENT ) 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 GENERAL MANAGER 20.00 20.00 X 0 215393 63126 CYNTHIA HOPE VP AND ASST. SECRETARY 40.00 1.00 X 0 254028 34834 JAMES FORTNER TREASURER AND ASST. SEC. 1.00 40.00 X 0 303648 82757 SUSAN LOZIER SECRETARY 1.00 40.00 X 0 394329 49812 NEIL VITRO ASST SEC AND ASST. TREAS. 20.00 20.00 X 0 168728 58570 BRUCE HENRY ASST SEC AND ASST. TREAS. 1.00 40.00 X 0 132039 63163 RAGHUPATHY SIVAKUMAR ASST SEC AND ASST. TREAS. 1.00 40.00 X 0 410922 60468 KEVIN WOZNIAK ASST SEC. 1.00 40.00 X 0 204284 49232 ROBERTA BURKE ASST SEC. 1.00 40.00 X 0 205238 20991 TANESHA STEWARD ASST SEC. 1.00 40.00 X 0 140707 47591 JOHN KINGTON ASST SEC. 1.00 40.00 X 0 139474 38272 SOPHIA HERBERT-PETERSON ASST SEC. 1.00 40.00 X 0 197586 46568 ROBERT BUTERA RESEARCH FACULTY 1.00 40.00 X 0 313828 62856 JOSHUA ROSENBERG EXEC DIR GRANTS & CONTRACTS 1.00 40.00 X 0 189492 49200 ALBERT CONCORD FACILITY SECURITY OFFICER 1.00 40.00 X 0 210458 44360 JARRETT ELLIS SENIOR RESEARCH OFFICER 40.00 1.00 X 0 173247 45630 VANNESSA DANIELS CONTRACTING MANAGER 40.00 1.00 X 0 148733 21972 JOSEPH TESORIERO DIRECTOR OF FIN ADMIN 20.00 20.00 X 0 130735 26117 JAMES HOWARD OPERATIONS MANAGER 20.00 20.00 X 0 100449 19543 MICHAEL SHANNON TRUSTEE (01/01/23-06/01/23) 1.00 40.00 X 0 170350 31233 REBECCA CARAVATI FORMER GENERAL MANAGER 2.00 0.50 X 0 19744 0 0 5448885 1065618 0 1 1 0 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 RESEARCH 436051470 TROUTMAN PEPPER LLP 600 PEACHTREE ST NE SUITE 3000 ATLANTA GA 30308 IP-RELATED LEGAL SERVICES 3307378 MEUNIER CARLIN & CURFMAN LLC 999 PEACHTREE ST NE SUITE 1300 ATLANTA GA 30309 IP-RELATED LEGAL SERVICES 1497770 RPM INNOVATIONS INC 500 TURBINE DRIVE RAPID CITY SD 57703 RESEARCH 1250935 DATABANK HOLDINGS LTD 400 S AKARD ST SUITE 100 DALLAS TX 75202 DATABANK SERVICES 1225267 28 1640234 1640234 RESEARCH CONTRACTS 541700 459593936 459593936 75000 75000 459668936 3050648 109411 2941237 3377296 3377296 8989766 1338376 7651390 7651390 7651390 575 0 575 575 575 OTHER INCOME 900099 39837 39837 39837 475428916 459708773 109411 13970498 X 16551050 16551050 1125007 1125007 102699 102699 260789 260789 434407865 434136655 271210 325904 325904 186312 186312 5333328 5333328 51726 51726 8980 8980 7767409 7767409 369797 369797 SHARED EMPLOYEE EXPENSE 1675958 1675958 UBI TAX 49259 49259 142327 142327 468358410 463788442 4569968 0 128812265 117650794 97873964 102231520 79956 247772 5044139 3054632 726111 1989507 61 66 104065509 101485750 331557866 323605409 94622751 86714785 155569523 148454526 250192274 235169311 X 74184281 82684569 7181311 5751529 81365592 88436098 331557866 323605409 7070506 0 X 0 1 X 1 1 1 X X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 1 16551050 0 1 16551050 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 95257 127326 4129081 2959375 1169706 692475 692475 1989507 RIGHT TO USE ASSETS 49635708 LESSOR RECEIVABLE - CURRENT 7478257 LESSOR RECEIVABLE - NONCURRENT 42798777 SECURITY DEPOSITS 13413 DUE FROM GEORGIA TECH 1559595 101485750 DEFERRED INFLOWS OF RESOURCES 49633196 LEASE OBLIGATIONS - CURRENT 7478257 LEASE OBLIGATIONS - NONCURRENT 42798777 INTERCOMPANY PAYABLES 48544296 148454526 476767292 1338376 1338376 475428916 0 475428916 469696786 1338376 1338376 468358410 0 468358410 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 1,338,376. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 1,338,376. 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 303320257 586002023 170(C)(1) 16551050 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 510022 0 0 0 85000 0 30492 0 24316 0 649830 0 0 CHAOUKI ABDALLAH PRESIDENT 0 434895 0 0 0 6300 0 62739 0 31776 0 535710 0 0 RAGHUPATHY SIVAKUMAR ASST SEC AND ASST. TREAS. 0 318477 0 0 0 92445 0 30492 0 29976 0 471390 0 0 SUSAN LOZIER SECRETARY 0 394329 0 0 0 0 0 30492 0 19320 0 444141 0 0 JAMES FORTNER TREASURER AND ASST. SEC. 0 292848 0 0 0 10800 0 60140 0 22617 0 386405 0 0 ROBERT BUTERA RESEARCH FACULTY 0 313703 0 0 0 125 0 30174 0 32682 0 376684 0 0 CYNTHIA HOPE VP AND ASST. SECRETARY 0 254028 0 0 0 0 0 23802 0 11032 0 288862 0 0 ROBERT FOY GENERAL MANAGER 0 197365 0 0 0 18028 0 40821 0 22305 0 278519 0 0 ALBERT CONCORD FACILITY SECURITY OFFICER 0 210458 0 0 0 0 0 42235 0 2125 0 254818 0 0 KEVIN WOZNIAK ASST SEC. 0 197125 0 0 0 7159 0 19291 0 29941 0 253516 0 0 SOPHIA HERBERT-PETERSON ASST SEC. 0 197586 0 0 0 0 0 19034 0 27534 0 244154 0 0 JOSHUA ROSENBERG EXEC DIR GRANTS & CONTRACTS 0 189492 0 0 0 0 0 18572 0 30628 0 238692 0 0 NEIL VITRO ASST SEC AND ASST. TREAS. 0 168728 0 0 0 0 0 35165 0 23405 0 227298 0 0 ROBERTA BURKE ASST SEC. 0 205238 0 0 0 0 0 19034 0 1957 0 226229 0 0 JARRETT ELLIS SENIOR RESEARCH OFFICER 0 171897 0 0 0 1350 0 16947 0 28683 0 218877 0 0 MICHAEL SHANNON TRUSTEE (01/01/23-06/01/23) 0 154661 0 0 0 15689 0 30616 0 617 0 201583 0 0 BRUCE HENRY ASST SEC AND ASST. TREAS. 0 131839 0 0 0 200 0 29171 0 33992 0 195202 0 0 SHANTAY BOLTON TRUSTEE (08/14/23 - CURRENT ) 0 189256 0 0 0 0 0 0 0 0 0 189256 0 0 TANESHA STEWARD ASST SEC. 0 140707 0 0 0 0 0 29334 0 18257 0 188298 0 0 JOHN KINGTON ASST SEC. 0 139474 0 0 0 0 0 13357 0 24915 0 177746 0 0 VANNESSA DANIELS CONTRACTING MANAGER 0 143818 0 0 0 4915 0 13892 0 8080 0 170705 0 0 JOSEPH TESORIERO DIRECTOR OF FIN ADMIN 0 130735 0 0 0 0 0 25921 0 196 0 156852 0 0 REBECCA CARAVATI FORMER GENERAL MANAGER 0 19744 0 0 0 0 0 0 0 0 0 19744 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 434,136,655. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 434,136,655. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 271,210. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 271,210. 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