2021-03-04T10:00:16-06:00 2020-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2019-07-01 582538285 GEORGIA ADVANCED TECHNOLOGY VENTURES INC % AMY HERRON GEOR 4043858337 225 NORTH AVENUE LYMAN HALL Suite ATLANTA GA 30332 AMY HERRON ASSISTANT TREASURER 4043858337 2021-05-17 true MARC A AZAR P91739349 4048746244 2021-05-17 2019 2022-09-23 18:48:47Z AMY HERRON 225 NORTH AVE LYMAN HALL 325 ATLANTA GA 30332 18408233 false X www.gatv.gatech.edu X 2000 GA The corporation supports the georgia institute of technology to foster and support economic development and scientific research in the state of georgia. 9 5 0 0 0 0 27576 26493 13678465 17652335 27715727 267721 810140 461684 42231908 18408233 373244 1273374 0 0 0 0 0 0 0 12515588 14662012 12888832 15935386 29343076 2472847 192377294 187373029 133786556 126309444 58590738 61063585 X THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A SUPPORTING ORGANIZATION TO AND FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY TO FOSTER AND SUPPORT EDUCATION AND SCIENTIFIC RESEARCH AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF GEORGIA BY PROMOTING THE STATE OF GEORGIA FOR THE DEVELOPMENT OF NEW HIGH TECHNOLOGY RESEARCH AND INDUSTRY WITHIN THE STATE OF GEORGIA. false false 15732876 1273374 18114019 Georgia Advanced Technology Ventures, Inc. provided support for technology transfer, commercialization, economic development, and relevant real estate development for the Georgia Institute of Technology, including the Advanced Technology Development Center (ATDC) incubator facilities. 15732876 true true false false false false false false false false true false true false true true false true false false false false false false false false false true false true true false false false false false false false false false true false false false false true true false true false true 13 0 true 0 false false false false false false false false false false false false X 9 5 true false false false false true false true true false false true true true true true true false false true true GA X AMY HERRON 4043858337 221 UNCLE HEINIE WAY LYMAN HALL ATLANTA GA 30332 X Rafael L Bras Director 1.0 39.0 X 0 472756 208901 Chaouki Abdallah Director & PRESIDENT 1.0 39.0 X X 0 396498 100073 Stephen E Cross FORMER PRESIDENT 0.0 40.0 X 0 388312 45359 James G Fortner Treasurer 4.0 36.0 X 0 312397 83519 Anthony Zivalich Vice President 4.0 36.0 X 0 246490 80930 Aisha Oliver-Staley Assistant Secretary 4.0 36.0 X 0 209157 63004 Karen Fite Vice President 4.0 36.0 X 0 228378 30134 Amy E Herron Assistant Treasurer 4.0 36.0 X 0 144266 61936 Christopher Downing FORMER PRESIDENT 0.0 40.0 X 0 126292 23273 Tanesha Steward Secretary 4.0 36.0 X 0 83586 43712 James R Borders Director 1.0 0.0 X 0 0 0 John J Huntz Director 1.0 0.0 X 0 0 0 Steve W Chaddick Director 1.0 0.0 X 0 0 0 Sig Mosley Director 1.0 0.0 X 0 0 0 Ben T Raney II Director 1.0 0.0 X 0 0 0 Blake Patton Director 1.0 0.0 X 0 0 0 KELLY FOX DIRECTOR 1.0 39.0 X 0 0 0 CORTRELLA GREER ASSISTANT SECRETARY 4.0 36.0 X 0 0 0 0 2608132 740841 0 true true false TAYLOR ENGLISH DUMA LLP 1600 PARKWOOD CIRCLE SUITE 400 ATLANTA GA 30339 LEGAL 312926 GARAY PAINTING RENOVATION 245 RED HAWK TRAIL ALPHARETTA GA 30022 REPAIRS/MAINTENANCE 216330 ALLIED UNIVERSAL SECURITY SERVICES 1330 SPRING STREET SUITE 500 ATLANTA GA 30309 SECURITY SERVICES 138287 CORK HOWARD CONSTRUCTION 2121 NEW MARKET PKWY SUITE 118 MARIETTA GA 30067 CONSTRUCTION 193610 CORNERSTONE 889 FRANKLIN GATEWAY SUITE 180 MARIETTA GA 30067 CONSTRUCTION 144971 5 26493 26493 RENTAL INCOME 531120 15711606 15711606 PROGRAM EXPENSE REIMBURSEMENT 541610 1715728 1715728 MEMBERSHIP FEES 541610 225001 225001 17652335 267721 267721 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISC. INCOME 900099 461684 461684 461684 18408233 18114019 267721 1273374 1273374 0 0 0 0 0 0 0 0 0 0 324226 324226 35500 35500 0 0 0 6718 6718 2816 2816 206 206 0 0 0 1353392 1353392 0 0 0 5346181 5346181 0 2622014 2622014 249231 249231 MANAGEMENT EXPENSES 3295001 3194634 100367 REPAIRS & MAINTENANCE 781417 781417 CONSULTING 246909 246909 MEMBERSHIP EXPENSE 231785 231785 166616 64679 101937 15935386 15732876 202510 0 0 0 25831201 23746444 700435 668888 85146 75300 0 0 0 0 0 0 0 0 24474 7493 115972005 33425250 84282460 82546755 0 0 0 0 80285668 79368509 2500 0 1165410 959640 192377294 187373029 916346 1142243 0 0 6494958 6511896 45395000 45395000 0 0 0 0 59376280 57225984 0 0 21603972 16034321 133786556 126309444 X 51462274 53964836 7128464 7098749 58590738 61063585 192377294 187373029 2472847 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 15935386 0 1 15935386 true false false false false true false false false false false false false false false true false Sch A, Part IV, Line 6 The Organization provided support to the Georgia Tech Foundation, Inc., which is an affiliated organization of the Georgia Institute of Technology. The Foundation supports Georgia Tech's role as a leading educational and research institution. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17784665 17784665 97139944 32377854 64762090 1047396 1047396 0 82546755 LLC INVESTMENT 15000 F DIRECT FINANCING LEASES 79353509 C 79368509 0 TENANT DEPOSIT 177228 BOND ISSUANCE PREMIUM 4510504 TAXABLE BONDS PAYABLE 10400000 DUE TO GEORGIA TECH 424210 RIGHT TO USE LIABILITY 522379 16034321 X 18408233 18408233 18408233 15935386 15935386 15935386 ASC 740 GATV is a not-for-profit corporation and is exempt from income taxes under Section 501(a) as an organization described in Section 501 (c)(3) of the Internal Revenue Code. Accordingly, no income taxes are reflected in the accompanying consolidated financial statements. The consolidated subsidiaries are organized as single-member limited liability companies (LLC's) and are not liable for income taxes on their taxable income. Instead, GATV, as the sole-member, is liable for income taxes, if any, on the LLC's taxable income. The Organization's consolidated financial statements do not include a provision or liability for income taxes. 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, 2017. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 GA Tech 928528 COST see part iv Georgia Tech Foundation 760 spring street nw suite 400 atlanta GA 30308 586043294 501(C)(3) 344846 cost support 2 procedures for monitoring use of grant funds 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 Rafael L Bras Director 0 462756 0 0 0 10000 0 185872 0 23029 0 681657 0 0 Chaouki Abdallah Director & PRESIDENT 0 396498 0 0 0 0 0 73580 0 26493 0 496571 0 0 Anthony Zivalich Vice President 0 246490 0 0 0 0 0 54273 0 26657 0 327420 0 0 Karen Fite Vice President 0 228378 0 0 0 0 0 21396 0 8738 0 258512 0 0 James G Fortner Treasurer 0 312397 0 0 0 0 0 60169 0 23350 0 395916 0 0 Amy E Herron Assistant Treasurer 0 140284 0 0 0 3982 0 32525 0 29411 0 206202 0 0 Aisha Oliver-Staley Assistant Secretary 0 209157 0 0 0 0 0 45374 0 17630 0 272161 0 0 Christopher Downing FORMER PRESIDENT 0 126292 0 0 0 0 0 10583 0 12690 0 149565 0 0 Stephen E Cross FORMER PRESIDENT 0 388312 0 0 0 0 0 25872 0 19487 0 433671 0 0 SCH. J, LINE 4B Rafael Bras, Provost and Executive Vice President for Academic Affairs of the Georgia Institute of Technology ("Institute") and a director of the Organization, participated in a non-qualified supplemental retirement plan structured under IRS Section 415(m). Contributions to the plan in calendar year 2019, if any, were funded by the Institute and are included in amounts disclosed on Schedule J, Part II Column C: "Retirement and Other Deferred Compensation." A DEVELOPMENT AUTHORITY OF COBB COUNTY 521442239 190806EE5 2017-12-06 51211128 PURCHASE & IMPROVE GT COBB RESEARC false false A 0 0 51848840 0 0 0 211128 0 0 50649871 0 987840 2020 false false false true A false false false true true 0.00130 0.00000 0.00130 false false false true A false false false true false false 0 false 0 false true A true Schedule K Part IV Line 2C The rebate computation was performed on 12/18/2020. TECH SQUARE VENTURES TECH SQUARE VENTURES/GATV DIRECTOR 12418 RENT PAID TO GATV false CYPRESSIO CYPRESS.IO/GATV DIRECTOR 21160 RENT PAID TO GATV false THALONET THALONET/GATV DIRECTOR 27950 RENT PAID TO GATV false VERADY VERADY/GATV DIRECTOR 17395 RENT PAID TO GATV false RIDGEWOOD VENTURES RIDGEWOOD VENTURES/GATV DIRECTOR 9150 RENT PAID TO GATV false VEHCON VEHCON/GATV DIRECTOR 32379 RENT PAID TO GATV false PART IV, LINES 1 THROUGH 6 A BOARD MEMBER OF GATV, IS A DIRECTOR OF EACH INTERESTED PERSON IN LINES 1 THROUGH 6. Part vi, question 2 SIG MOSLEY AND JAMES R. BORDERS HAVE A BUSINESS RELATIONSHIP OUTSIDE OF GATV. part vi, question 7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA ADVANCED TECHNOLOGY VENTURES. part vi, question 11 AN OFFICER OF GEORGIA ADVANCED TECHNOLOGY VENTURES, INC. 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, QUESTION 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS, TO ALL OFFICERS OF THE ORGANIZATION, TO ALL MEMBERS OF THE BOARD OF MANAGERS AND OFFICERS OF ANY LIMITED LIABILITY COMPANY FORMED BY 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 SECRETARY 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. PART VI, QUESTION 15 THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE GEORGIA INSTITUTE OF TECHNOLOGY EMPLOYEES AND ARE SUBJECT TO THE COMPENSATION GUIDELINES OF THE BOARD OF REGENTS. PART VI, QUESTION 19 GATV'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FINANCIAL SERVICES PAGE OF THE GEORGIA INSTITUTE OF TECHNOLOGY'S WEBSITE. GATV'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. 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