2016-05-13T14:58:51-05:00 2015-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2014-07-01 582538285 GEORGIA ADVANCED TECHNOLOGY VENTURES INC % AMY HERRON GEOR 4043858337 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 AISHA OLVER-STALEY SECRETARY 4043858337 2016-05-15 true MARC AZAR P00746804 4048746244 2014 2016-08-17 19:52:53Z aisha oliver-staley 225 NORTH AVE LYMAN HALL ATLANTA GA 303320257 18830780 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 6 0 0 0 0 82287 281432 17532146 18336894 3502 3541 1112185 208913 18730120 18830780 305021 393308 0 0 0 0 0 0 0 19009547 18326157 19314568 18719465 -584448 111315 126517072 122674295 124402989 120790186 2114083 1884109 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 18586265 393308 18545807 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. 18586265 true true false false false false false false false false true false false false true true false true false false false false false false false false false true false true false false false false false false false true false false false false true true false true false true 12 0 true 0 false false false false false false false false false false X 9 6 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 RM ATLANTA GA 30332 X STEVEN G SWANT DIRECTOR 1.0 39.0 X 0 319678 247900 JAMES R BORDERS DIRECTOR 1.0 0.0 X 0 0 0 JOHN J HUNTZ DIRECTOR 1.0 0.0 X 0 0 0 SIG MOSLEY DIRECTOR 1.0 0.0 X 0 0 0 STEVE W CHADDICK DIRECTOR 1.0 0.0 X 0 0 0 RAFAEL L BRAS DIRECTOR 1.0 39.0 X 0 397781 270550 ben t raney ii director 1.0 0.0 X 0 0 0 michael c cassidy director 1.0 0.0 X 0 0 0 BRIAN MCGOWAN DIRECTOR 1.0 0.0 X 0 0 0 BLAKE PATTON DIRECTOR 1.0 0.0 X 0 0 0 PATRICK J MCKENNA VICE PRESIDENT 4.0 36.0 X 0 230433 37331 JOHN MAJERONI VICE PRESIDENT 4.0 36.0 X 0 233859 23185 AISHA OLIVER-STALEY SECRETARY 4.0 36.0 X 0 134007 26135 STEPHEN R FLEMING PRESIDENT 4.0 36.0 X 0 216120 36672 AMY E HERRON ASSISTANT TREASURER 4.0 36.0 X 0 93859 37125 james g fortner treasurer 4.0 36.0 X 0 180905 42225 STEPHEN E CROSS president 4.0 36.0 X 0 342870 211520 0 2149512 932643 0 false true false BRASFIELD GORRIE LLC PO BOX 11407 BIRMINGHAM AL 35246 CONSTRUCTION 724620 DPR HARDIN CONSTRUCTION 3301 Windy Ridge Parkway Suite 500 ATLANTA GA 30339 CONSTRUCTION 166724 JS THOMAS SERVICE 4085 NINE MCFARLAND DRIVE ALPHARETTA GA 30004 REPAIRS, MAINTENANCE 192712 INNOVATIVE ROOFING 510 VAN HEUSEN BLVD ATLANTA GA 30318 CONSTRUCTION 195555 ALLIED BARTON SECURITY SERVICES 1438 West Peachtree Street Suite 1 ATLANTA GA 30309 SECURITY 247600 7 X 281432 281432 RENTAL INCOME 531120 13685241 13685241 PROGRAM EXPENSE REIMBURSEMENT 541610 4571652 4571652 MEMBERSHIP FEES 541610 80001 80001 18336894 3541 3541 0 0 0 0 0 0 0 0 0 MISC. INCOME 900099 208913 208913 208913 18830780 18545807 3541 393308 393308 0 0 0 0 0 0 0 0 0 0 162039 162039 0 18850 18850 0 0 0 97278 97278 0 143 143 0 0 2642316 2642316 0 0 0 6639507 6639507 0 4678493 4678493 140610 140610 MANAGEMENT EXPENSES 2920604 2855604 65000 REPAIRS & MAINTENANCE 849810 849810 BANK CHARGES 67377 67377 MISC. EXPENSES 109130 108450 680 18719465 18586265 133200 0 0 0 4343881 4202894 1115695 923037 58389 171352 0 0 0 0 0 0 0 0 16881 21986 153491371 36945737 119623444 116545634 0 0 0 0 356289 15000 15000 12500 987493 781892 126517072 122674295 3175141 2542042 0 0 3251740 2547758 0 0 0 0 0 0 114435228 112603565 0 0 3540880 3096821 124402989 120790186 X -8606414 -9081388 10720497 10965497 0 0 2114083 1884109 126517072 122674295 111315 -341289 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 18719465 0 1 18719465 0 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 Techs role as a leading educational and research institution. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18328531 18328531 826000 132715907 35944822 97597085 1047396 1000915 46481 573537 573537 116545634 0 TENANT DEPOSIT 367731 NOTE PAYABLE TO GTFI 2729090 3096821 X 18830780 18830780 18830780 19060754 341289 341289 18719465 18719465 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 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, 2012. PART XII LINE 2D LOSS ON INVESTMENT IN LLC: 341,289 true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 8100 COST equipment support Georgia Tech Foundation 760 spring street nw suite 400 atlanta GA 30308 586043294 501(C)(3) 380208 cost support 2 0 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 PATRICK J MCKENNA VICE PRESIDENT 0 230433 0 0 0 0 0 22001 0 15330 0 267764 0 0 JOHN MAJERONI VICE PRESIDENT 0 233859 0 0 0 0 0 21730 0 1455 0 257044 0 0 AISHA OLIVER-STALEY SECRETARY 0 134007 0 0 0 0 0 17474 0 8661 0 160142 0 0 STEVEN G SWANT DIRECTOR 0 318911 0 0 0 767 0 230024 0 17876 0 567578 0 0 STEPHEN R FLEMING PRESIDENT 0 216120 0 0 0 0 0 20735 0 15937 0 252792 0 0 RAFAEL L BRAS DIRECTOR 0 387781 0 0 0 10000 0 252874 0 17676 0 668331 0 0 james g fortner treasurer 0 180905 0 0 0 0 0 23828 0 18397 0 223130 0 0 STEPHEN E CROSS president 0 342870 0 0 0 0 0 193344 0 18176 0 554390 0 0 SCH. J, LINE 4B Rafael Bras, Provost and Executive Vice President for Academic Affairs of the Georgia Institute of Technology, ("The Institute") and a Director of the Organization, and Stephen E. Cross, Executive Vice President for Research of the Institute, and a director of the organization, 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 2014 were funded by the Institute and are included in amounts disclosed on Schedule J, Part II Column C: "Retirement and Other Deferred Compensation." Contributions to the plan in calendar year 2014 consisted of two installments, the first for plan year 2013-2014, the second for plan year 2014-2015. As a result, deferred compensation reported in Schedule J, Column C "Retirement and Other Deferred Compensation" is significantly higher than reported in previous year's Form 990 due to the fact that contributions were paid for two plan years during one calendar year. cardiomems cardiomems/gatv member 601296 rent paid to gatv false part IV, line 1 A BOARD MEMBER OF GATV was a DIRECTOR OF CARDIOMEMS FOR PART OF THE YEAR. Part vi, questions #2 SIG MOSLEY AND JAMES R. BORDERS HAVE A BUSINESS RELATIONSHIP OUTSIDE OF GATV. PART VI, #6-7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA ADVANCED TECHNOLOGY VENTURES. PART VI, #11 THE SECRETARY OF GATV 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 DISTRIBUTRED 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, 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 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 VICE PRESIDENT 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, #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. 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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