2017-05-15T10:16:34-05:00 2016-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2015-07-01 521442293 GEORGIA TECH FACILITIES INC % KELLY MACARTHUR GEOR 4043858337 225 NORTH AVENUE LYMAN HALL ATLANTA GA 303320257 JAMES G FORTNER TREASURER 2017-05-15 true MARK ABRAMS P01081549 4048746244 2017-05-15 2015 2021-01-29 14:40:06Z Aisha Oliver-Staley 225 NORTH AVE NW ATLANTA GA 30332 13113308 false X WWW.GFTI.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. 7 4 0 0 0 0 0 245000 12657678 12635787 166433 232521 0 0 12824111 13113308 0 136889 0 0 0 0 0 0 0 14575960 14294636 14575960 14431525 -1751849 -1318217 260614602 248121710 289241582 278066907 -28626980 -29945197 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 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. false false 14250025 136889 12635787 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. 14250025 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 4 0 true 0 false false false false false false false false false false X 7 4 false false false false false true false true true false false true true true true true true false false false GA X KELLY MACARTHUR 4043854055 221 UNCLE HEINIE WAY LYMAN HALL R ATLANTA GA 30332 X JACK J FAUSSEMAGNE DIRECTOR 1.0 0.0 X 0 0 0 JOSEPH P IRWIN DIRECTOR 1.0 39.0 X 0 198767 24873 N ALLEN ROBERTSON DIRECTOR 1.0 0.0 X 0 0 0 STEVEN G SWANT DIRECTOR 1.0 39.0 X 0 344078 148916 rafael l bras director 1.0 39.0 X 0 435962 190116 james w ray director 1.0 0.0 X 0 0 0 STAN ANDERSON DIRECTOR 1.0 0.0 X 0 0 0 JAMES G FORTNER TREASURER 4.0 36.0 X 0 188291 47085 THOMAS J PIERCE III ASSISTANT TREASURER 4.0 36.0 X 0 144832 43417 AISHA OLIVER-STALEY EXECUTIVE DIRECTOR 4.0 36.0 X 0 138053 27033 KELLY MACARTHUR ASSISTANT TREASURER 4.0 36.0 X 0 54203 26659 DEBORAH L GREENE SECRETARY 0.0 40.0 X 0 147599 24222 Patrick J McKenna Former Officer 0.0 40.0 X 0 234794 42430 0 1886579 574751 0 true true false GILBANE BUILDING COMPANY 3550 ENGINEERING DRIVE SUITE 150 NORCROSS GA 30092 PROJECT MANAGEMENT 118718 1 X 245000 245000 MANAGEMENT FEES 561000 726 726 REIMBURSEMENT OF PROGRAM EXPENSES 561000 525870 525870 RENTAL INCOME 531190 12109191 12109191 12635787 232521 232521 0 0 0 0 0 0 0 0 0 0 13113308 12635787 232521 136889 136889 0 0 0 0 0 0 0 0 0 0 17773 17773 66500 66500 0 0 0 0 0 3339 3339 0 0 193750 193750 0 0 0 11705340 11705340 0 1662834 1662834 0 INSURANCE AND BONDING 516295 495007 21288 REIMBURSED ADMIN COSTS-GA TECH 72600 72600 TRUSTEE FEES 26884 26884 BROKER FEES/RATING AGENCY FEE 29321 29321 14431525 14250025 181500 0 0 0 5197973 7063472 8247888 7720278 0 0 0 0 0 0 3564170 2230780 0 0 4296110 4100671 4558559 1080000 3538560 3478559 0 0 0 0 205325027 194791079 0 0 30444874 28736871 260614602 248121710 23157 12001 0 0 123221 10000 256364182 247823983 0 0 0 0 0 0 0 0 32731022 30220923 289241582 278066907 X -37035360 -37907017 8408380 7961820 0 0 -28626980 -29945197 260614602 248121710 -1318217 X false true X true false X 1023434 0 0 0 245000 1268434 0 0 1023434 0 0 0 245000 1268434 196808 1071626 316107 254534 171570 166433 232521 1141165 0 0 2409599 58463324 0.44473 0.70217 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3358559 3358559 1200000 1080000 120000 3478559 DIRECT FINANCING LEASES 194791079 C 194791079 DUE FROM RELATED PARTIES 213994 BOND ISSUANCE COST 28507195 BOND ISSUANCE DISCOUNT 12225 WORK IN PROGRESS 3457 28736871 0 ACCRUED BOND INTEREST 1971052 ACCRUED BOND ISSUANCE PREMIUMS 10273908 DUE TO PRIMARY GOVERNMENT 35963 BONDS PAYABLE - TAXABLE 17940000 30220923 X 13113308 13113308 13113308 14431525 14431525 14431525 ASC 740 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 examinations for tax years ending before June 30, 2013. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 136889 BOOK see Part IV. see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members. 1 DESCRIPTION OF NON-CASH ASSISTANCE PREDESIGN SERVICES PURPOSE OF ASSISTANCE 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 JAMES G FORTNER TREASURER 0 188291 0 0 0 0 0 26655 0 20430 0 235376 0 0 THOMAS J PIERCE III ASSISTANT TREASURER 0 144832 0 0 0 0 0 20970 0 22447 0 188249 0 0 DEBORAH L GREENE SECRETARY 0 147599 0 0 0 0 0 14096 0 10126 0 171821 0 0 JOSEPH P IRWIN DIRECTOR 0 198767 0 0 0 0 0 18555 0 6318 0 223640 0 0 STEVEN G SWANT DIRECTOR 0 343628 0 0 0 450 0 127486 0 21430 0 492994 0 0 AISHA OLIVER-STALEY EXECUTIVE DIRECTOR 0 138053 0 0 0 0 0 19395 0 7638 0 165086 0 0 rafael l bras director 0 425962 0 0 0 10000 0 168886 0 21230 0 626078 0 0 Patrick J McKenna Former Officer 0 234794 0 0 0 0 0 22545 0 19885 0 277224 0 0 SCH. J. LINE 4B Rafael Bras, Provost and Executive Vice President for Academic Affairs of the Georgia Institute of Technology, and a director of the Organization ("The Institute") and Steven G. Swant, Executive Vice President Administration and Finance of the 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 2015 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 FULTON COUNTY 581506878 2008-04-01 17170000 REFUNDED 1997B BONDS FOR IBB BUILD false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900UA3 2007-07-31 25386385 defeasance escrow for north ave false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900ZF7 2009-08-13 16299275 refunded 2008D north ave apartment false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900YP6 2009-08-13 68693197 refunded 2008a and 2008B bonds false false false A 6189000 0 17186682 0 0 0 135274 0 0 0 17034726 0 1999 true false true true B 0 0 27099359 1 0 0 501583 174307 0 0 24710494 2 2008 false true true true C 13225000 0 16299275 1 0 0 211044 0 0 0 16088231 0 2008 true false true true D 1545000 0 68693197 1 0 0 896386 0 0 0 67796811 1 2008 true false true true A false false true true true true 0.02300 0.02300 false false false true B false false false false 0 false false false true C false false false 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 true true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PAGE 1, BOND A Issue date of 2008 Bonds is April 1, 2008. 2008 bonds refunded 1997B Bonds. Issue date of 1997B bonds is December 11, 1997. 1997B financed the Institute for Bioengineering and Bioscience building on campus. The difference between issue price and total proceeds of $16,682.44 is interest earnings earned on U.S. T-Bill. SCHEDULE K, PAGE 1, BOND B The difference between issue price and total proceeds equals $1,711,233.15 for interest earnings on Escrow Fund and $1,740.47 for interest earnings on Cost of Issuance Fund. Schedule K, Page 1, Bond C Issue date of 2009B-2 Bonds is August 13, 2009. 2009B-2 bonds refunded 2008D bonds. 2008D bonds refunded 2007C bonds. Issue date of 2007C bonds is August 9, 2007. 2007C financed educational facilities for Georgia State University. Schedule K, Page 1, Bond D Date of issue 2009A and 2009B is August 13, 2009. 2009A refunded 2008A bonds and 2009B refunded 2008B bonds. 2008A refunded 2005A - Date of issue of 2005A is November 15, 2005 and financed certain costs of an electrical substation. 2008B Bonds refunded 2007B - date of issue on 2007B is August 9, 2007 and financed certain costs of the North Avenue Apartments. SCHEDULE K, PAGE 2, BOND A The 2010A bonds financed the construction of the Carbon Neutral Energy Solutions Lab, the North Avenue Dining facilities, and improvements to the GATV 14th ST facility. The difference between issue price and total proceeds of $28,238.33 is investment income. SCHEDULE K, PAGE 2, BOND B Issue date of 2010B bonds is June 23, 2010. These bonds refunded the 2008C bonds. For those 2008C bonds, the issue date was April 23, 2008. 2008C refunded 1997A Bonds - issue date of 1997A Bonds is December 11, 1997. 1997A Bonds refunded 1992A and 1992B Bonds - issue date February 20, 1992 and financed construction and/or purchase of the Wardlaw, Habersham, Success Center facilities. schedule K, page 2, bond c DATE OF ISSUE OF 2010C BONDS IS August 26, 2010 and financed renovation and improvement for the Academy of Medicine. The difference between issue price and total proceeds of $5,800.79 is investment income. schedule K, page 2 bond D 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. The difference between issue price and total proceeds of $477.00 is investment income. schedule k, page 3 bond A date of issue of 2014 bonds is May 01, 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. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900G27 2010-06-23 28041103 const of cnes, naa-dining, 14th st false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900J40 2010-06-23 10539841 REFUNDED 2008C BONDS false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 2010-08-26 5400000 Ren. & improv. for acad. of med. false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599004P9 2013-09-11 62311058 REFUNDED 2003 BONDS false false false A 5045000 0 28069341 0 997176 0 555539 0 127459 25651804 0 0 2012 false false true true B 2880000 0 10539841 0 0 0 189841 0 0 0 10350000 0 1994 true false true true C 912017 0 5405801 0 230333 0 102000 0 42229 5000000 0 0 2012 false false true true D 5195000 0 62311535 1 0 0 617808 0 0 0 61693250 1 2006 true false true true A false false true true true true 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 D false false true true false 0 false false false true A false false false true false false 0 false 0 true true B false false true true false false 0 false 0 false true C false false true true false false 0 false 0 false true D false true true true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PAGE 2(1), PART IV, LINE 2C Bond A: 02/14/2014 Bond B: 02/14/2014 Bond C: 04/27/2010 Bond D: 04/27/2010 schedule K, page 2(2), part iv, line 2c Bond A: 06/06/2014 Bond B: 08/18/2011 Bond C: 02/14/2014 Bond D: 03/17/2014 schedule K, page 2(3), part iv, line 2c Bond A: 10/30/2014 A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599005N3 2014-05-01 60258250 REFUNDED 2004 BONDS false false false A 3240000 0 60258250 1 0 0 196650 0 0 0 60061600 1 2007 true false true true A false false false false 0 false false false true A false true true true false false 0 false 0 false true A true PART VI #7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA TECH FACILITIES, INC. PART VI #11 AISHA OLIVER-STALEY, EXECUTIVE DIRECTOR, 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 THE 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. PART VI #19 GTFI'S ARTICLES OF INCORPORATION, BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. GTFI'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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. GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 Edu&Research GA 115 N/A false GEORGIA TECH RESEARCH CORPORATION 505 tenth street ATLANTA GA 30318 580603146 Spon RESEARCH GA 501(C)(3) 11C georgia tech false GEORGIA ADVANCED TECHNOLOGY VENTURES 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECON DEVELOP. GA 501(C)(3) 11A 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) 11A georgia tech false GEORGIA TECH APPLIED RESEARCH CORPORATIO 505 tenth street ATLANTA GA 30318 582374837 Spon RESEARCH GA 501(C)(3) 11C GT RESEARCH false GEORGIA TECH GLOBAL INC 225 north avenue nw ATLANTA GA 30332 271010747 EDUC. SUPPORT GA 501(C)(3) 11A georgia tech false global center for medical innovation 75 5th street atlanta GA 30332 264723391 MED. DEVICE GA 501(c)(3) 7 georgia tech false GEORGIA TECH COSTA RICA SAN PEDRO MONTES DE OCA DE LA FUENTE DE LA SAN JOSE CS Edu & Researc CS GT GLOBAL INC C-CORP GEORGIA TECH PANAMA Foundation MOSSFON BLD 2ND FLOOR EAST 54T PANAMA CITY PM GLOBAL SUPPOR PM GT GLOBAL Inc N/A false true false true false false false false false true false false true false false true true false true GEORGIA INSTITUTE OF TECHNOLOGY q 535620 COST GEORGIA INSTITUTE OF TECHNOLOGY j 21761561 COST GEORGIA INSTITUTE OF TECHNOLOGY m 72600 COST GEORGIA INSTITUTE OF TECHNOLOGY p 13671 cost GEORGIA INSTITUTE OF TECHNOLOGY B 136889 COST