2018-02-20T13:38:00-06:00 2017-06-30 580673524 Moore Stephens Tiller LLC 1960 Satellite Blvd Suite 3600 Duluth GA 30097 990 2016-07-01 582106879 GWINNETT TECH FOUNDATION INC GWIN 6782266425 5150 SUGARLOAF Parkway LAWRENCEVILLE GA 30043 Angie Woo Board Chair 6782266425 2018-02-20 1 Gregory W Hayes P00054246 7709958800 12.166.232.242 2018-02-20 11:15:38 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 97FE7F997632155B7E2375219BE10C8316AFFAED 2016 2021-01-29 14:40:06Z Mary Beth Byerly 5150 SUGARLOAF Parkway LAWRENCEVILLE GA 30043 4332799 0 X www.gwinnetttech.edu/foundation/ X 1994 GA TO SUPPORT GWINNETT TECHNICAL COLLEGE 23 23 0 25 0 0 1458114 2743493 0 0 121479 191794 0 0 1579593 2935287 1186638 2442134 0 0 0 0 0 0 0 78167 75954 1264805 2518088 314788 417199 8165492 9007721 105557 140347 8059935 8867374 THE GWINNETT TECH FOUNDATION EXISTS FOR THE SOLE PURPOSE OF HELPING GWINNETT TECHICAL COLLEGE AND ITS STUDENTS SUCCEED THROUGH FINANCIAL SUPPORT INCLUDING SCHOLARSHIPS. 0 0 2442134 2442134 0 THE FOUNDATION'S EXEMPT PURPOSE IS TO GENERATE AND PROVIDE ADDITIONAL FUNDS FOR THE SUPPORT OF the students, PROGRAMS AND SERVICES of Gwinnett Technical College in order to help the college ACHIEVE its stated GOALS AND OBJECTIVES. Gwinnett Tech is a two-year technical college that HAS OVER 22,000 STUDENTS. 2442134 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X Sheila Brookshaw 6782266425 5150 SUGARLOAF Parkway LAWRENCEVILLE GA 30043 X Dr Rob Anderson Trustee, Ex-Officio 1.00 X 0 0 0 Marshall Boutwell Trustee (new May 2017) 1.00 X 0 0 0 Mikhail Britt Trustee 1.00 X 0 0 0 Mary Beth Byerly Executive Director, Ex-Officio (Non-Voting) 16.00 X X 42820 0 14219 Dr Glen Cannon Trustee, Ex-Officio (Non-Voting) 1.00 X 0 0 0 Kent Davies Trustee 1.00 X 0 0 0 Karen Fine Saltiel Trustee 1.00 X 0 0 0 Dr Steve FLYNT DEd Trustee, Secretary, Ex-Officio 1.00 X X 0 0 0 Shane Froman Trustee 1.00 X 0 0 0 Amy GREINER Trustee (Ret'd May 2017) 1.00 X 0 0 0 Barry Hensley Trustee (new May 2017) 1.00 X 0 0 0 MARTIN HOLLIS Trustee Emeritus (Non-Voting) 1.00 X 0 0 0 Matthew HoltKamp Trustee, Vice Chair 1.00 X X 0 0 0 DAN KING Trustee 1.00 X 0 0 0 Jonna Kirkwood Trustee (new May 2017) 1.00 X 0 0 0 Trent Lind Trustee 1.00 X 0 0 0 Jim McGean Trustee 1.00 X 0 0 0 SEAN MURPHY Trustee 1.00 X 0 0 0 Prince Niyyar Trustee 1.00 X 0 0 0 Mac Peden TRUSTEE, Treasurer 1.00 X X 0 0 0 Mike Price Trustee (Ret'd May 2017) 1.00 X 0 0 0 Liz Siegrist Trustee 1.00 X 0 0 0 Mark Singleton Trustee 1.00 X 0 0 0 Russell Smith Trustee 1.00 X 0 0 0 Mark Sweeney Trustee 1.00 X 0 0 0 Lee Tucker Trustee (Ret'd May 2017) 1.00 X 0 0 0 Elizabeth VanTassell Trustee 1.00 X 0 0 0 J Alvin Wilbanks Trustee, Ex-Officio (Non-Voting) 1.00 X 0 0 0 Angie Woo Trustee, Chair 1.00 X X 0 0 0 42820 0 14219 0 0 0 1 0 2743493 828390 2743493 112785 112785 1476521 1397512 79009 79009 79009 2935287 0 0 191794 2442134 2442134 21446 21446 52658 52658 Bank Charges 1850 1850 2518088 2442134 75954 0 278388 211857 745287 749320 1445921 1524264 7667 7667 0 0 5695896 6522280 8165492 9007721 104279 139069 1278 1278 105557 140347 X 542100 729489 4292439 4682887 3225396 3454998 8059935 8867374 8165492 9007721 X 417199 393899 -3659 X X 0 1 X 1 0 X 648989 1520804 1566441 1458114 2743493 7937841 648989 1520804 1566441 1458114 2743493 7937841 1628715 6309126 60110 58589 78349 89753 112785 399586 8337427 0.75670 0.91440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2238017 405563 2643580 2100398 137619 2238017 2229315 129099 258016 2100398 2098095 129220 319385 11166 306219 2229315 2097029 1066 154044 154044 2098095 1.00000 0 0 7667 7667 0 0 Due to Affiliates 1278 1278 X 4087269 393899 758086 1151985 2935284 3 3 2935287 3279830 758086 3656 761742 2518088 0 2518088 Part V, Line 4: For specific use grants and scholarships as requested by Gwinnett Technical College to assist the college with its educational purpose. Part X, Line 2: Audit Note: "GAAP provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the Foundation's financial statements. Management has evaluated the implications of these standards and has not identified any uncertain tax positions for the Foundation; therefore no tax expense or accruals are included in the accompanying consolidated financial statements." Part XI, Line 4b - Other Adjustments: Rounding Part XII, Line 2d - Other Adjustments: Uncollectable Pledges Schedule D, Part XI, Line 2B & Part XII, Line 2A: Donated Services: Gwinnett Tech Foundation does not have any employees. All individuals who manage and perform the day-to-day operational work of the Foundation are employed by and paid by Gwinnett Technical College, an unrelated organization. All compensation decisions are handled by Gwinnett Technical College under the college's compensation policies and procedures. The Foundation shows a contribution from the college of "Donated Services and a corresponding expense related to these "Donated Services" on Schedule D. 1 Gwinnett Technical College 5150 SUGARLOAF PKWY Lawrenceville GA 30043 223894837 501(c)(3) 1335152 870300 Cost Basis VARIOUS EDUCATIONAL MATERIALS Both the cash and non-cash grants support the academic pursuits of Gwinnett Gwinnett Technical College 5150 SUGARLOAF PKWY Lawrenceville GA 30043 223894837 501(c)(3) 236682 232 Need and Merit based Scholarships 1 0 Part I, Line 2: All grants are made to Gwinnett Technical College. The College must request funds for disbursement whether for educational materials or scholarships by stating the use by the College; all gift-in-kind donations are processed by the Foundation and then transferred directly to the college. SCHOLARSHIPS TO STUDENTS OF GWINNETT TECHNICAL COLLEGE are REQUESTED BY THE COLLEGE, and the Foundation does not make any recommendartions or determination with respect to the scholarship recipients. The Foundation has access to the College's records to validate the use of the funds. 0 0 0 0 0 0 0 0 0 Form 990, Part VII, Line 5: The Gwinnett Tech Foundation does not have any employees. The Executive Director and all other personnel are employees of Gwinnett Technical College, an unrelated orgnization. The college donates their services to the Foundation: Mary Beth Byerly, Executive Director $42,820 (40%) of her W-2 Salary and $14,219 (40%) of her benefits are attributable to time related to services rendered to the Foundation X 7 238663 Cost Basis X COMPUTER SOFTWARE 2 217933 Cost Basis X Educational & Classroom Materials 50 202359 Cost Basis X Nursing, Dental, Veterinary & Medical Technology 3 169443 Cost Basis 0 1 0 Form 990, Part VI, Section A, line 2 The Board of Trustees is composed of business, government, and community leaders in the local area. Due to the extensive involvement of these community leaders in business and other communty affairs, the Trustees may have normal business relationships that might be expected of leaders in a suburban community. However, these business relationships shall be conducted at arms' length, pursuant to normal business terms and the Foundation's Conflict of Interest Policy. Form 990, Part VI, Section B, line 11b THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL before filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy is acknowledged and signed when a Officer or Trustee begins their position with the Foundation as well as annually. Monitoring is achieved through the Policy's requirement to bring to the attention of the Board or the Executive Committee any and all business or other relationships that come under the purview of the Policy. Form 990, Part VI, Section C, line 18 The Foundation makes its Exempt Status Determination Letter available upon request to the public along with its Form 990 returns which are available on its website. Form 990, Part VI, Section C, line 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE FOUNDATION'S WEBSITE. Form 990, Part XI, line 9: Uncollectable Pledges -3,656. Rounding -3. Form 990, Part XII, Line 2c: The process by which the Board approves the auditor and reviews the Foundation's audited financial statements has not changed since the prior year. Gwinnett Tech Foundation II LLC (Single Member LLC) 5150 SUGARLOAF PKWY Lawrenceville GA 30043 582106879 THERE WERE NO SIGNIFICANT ACTIVITIES FOR this entity during the year. GA 0 0