2016-03-12T09:07:30-06:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1075 PEACHTREE STREET NE STE 2200 ATLANTA GA 30309 990 2014-07-01 581845423 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GEOR 4044133529 P O BOX 3999 ATLANTA GA 303023999 JAMES A WEYHENMEYER CHAIRPERSON 4044133529 2016-03-01 1 CHRISTINE W PIERCE P00436339 4042090954 2014 2016-08-17 19:52:53Z JAMES A WEYHENMEYER PO BOX 3999 ATLANTA GA 30302 81003112 0 X SEE SCHEDULE O X 1989 GA GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. IS CREATED TO SUPPORT THE RESEARCH ACTIVITIES OF GEORGIA STATE UNIVERSITY. THE ORGANIZATION SUPPORTS SUCH RESEARCH ACTIVITIES BY ACCEPTING AND ADMINISTERING GRANTS/CONTRACTS RECEIVED IN SUPPORT OF RESEARCH PROPOSALS SUBMITTED BY UNIVERSITY EMPLOYEES THROUGH THE RESEARCH FOUNDATION. 10 0 0 0 10112 5636 57231460 66347551 0 0 405371 215464 5085944 5748747 62722775 72311762 54542627 63259778 0 0 0 0 0 0 0 8720305 8997698 63262932 72257476 -540157 54286 131137291 136106369 106613034 112167941 24524257 23938428 X THE CORPORATION HAS BEEN ORGANIZED TO ENGAGE IN ACTIVITIES AND PURSUITS WHICH CONTRIBUTE TO THE EDUCATIONAL, RESEARCH, AND SERVICE FUNCTIONS OF GEORGIA STATE UNIVERSITY. THUS, THE CORPORATION WILL ATTEMPT TO SECURE GIFTS, CONTRIBUTIONS, AND GRANTS FROM INDIVIDUALS, INDUSTRIAL OR OTHER PRIVATE ORGANIZATIONS, GOVERNMENTAL AGENCIES OR OTHER PUBLIC AGENCIES AND OBTAIN AND/OR ENTER INTO CONTRACTS WITH SUCH INDIVIDUALS OR ENTITIES FOR THE PERFORMANCE OF SPONSORED RESEARCH, DEVELOPMENT OR OTHER PROGRAMS TO BE PERFORMED UNDER SUBCONTRACT BY GEORGIA STATE UNIVERSITY. 0 0 68722078 63259778 5050805 RESEARCH GRANTS ARE AWARDED TO GEORGIA STATE UNIVERSITY 68722078 1 1 0 1 0 0 0 0 0 1 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 23 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 10 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 GA X X GARY BRENNAMAN 4044133529 DAHLBERG HALL 30 COURTLAND STREET ATLANTA GA 30303 MARK BECKER VOTING MEMBER 5.00 X 0 556515 0 RISA PALM VOTING MEMBER 5.00 X 0 374848 0 WILLIAM J LONG VOTING MEMBER 5.00 X 0 285038 0 LESLIE E WOLF VOTING MEMBER 5.00 X 0 159931 0 ROSE SEVCIK VOTING MEMBER 5.00 X 0 128393 0 JAMES A WEYHENMEYER CHAIRPERSON 5.00 X X 0 269480 0 KERRY L HEYWARD SECRETARY 5.00 X X 0 177452 0 JERRY J RACKLIFFE FINANCIAL CHAIRPERSON 5.00 X X 0 252975 0 PAUL S KATZ VOTING MEMBER 5.00 X 0 140636 0 UNIL PERERA VOTING MEMBER 5.00 X 0 132549 0 0 2477817 0 0 0 1 0 THOMAS HORSTMEYER 400 INTERSTATE N PKWY SE 1500 ATLANTA GA 30339 LEGAL 134834 VAN SCOYOC ASSOCIATES 101 CONSTITUTION AVE NW WASHINGTON DC 20001 LOBBYING 126127 PABST PATENT GROUP 1545 W PEACHTREE ST NE ATLANTA GA 30309 LEGAL 116883 CHERRY BEKAERT LLP 1075 PEACHTREE STREET NE SUITE 22 ATLANTA GA 30309 ACCOUNTING 112300 4 55145631 11201920 66347551 379531 379531 663541 0 663541 663541 663541 7923935 603348 7363077 1328273 560858 -724925 -164067 -164067 SCIENCE PARK REVENUE 611710 4117211 4117211 OTHER REVENUE 611710 651712 651712 BAD DEBT 900099 200000 200000 116283 81882 10112 24289 5085206 72311762 5050805 10112 903294 X 63259778 63259778 971859 971859 151940 151940 126127 126127 56078 56078 295694 295694 1500 1500 277460 277460 191401 191401 95588 95588 701911 701911 4162329 4162329 171684 171684 178260 178260 UNRELATED BUSINESS EXPE 3116 3116 RESEARCH EXPENSE 1299971 1299971 NON-CONSULTANT SERVICES 176268 176268 DEBT SERVICE RETIREMENT 50000 50000 86512 86512 72257476 68722078 3535398 0 21366607 14643886 6561458 10287977 4404585 7449393 11968298 4773796 8704576 7194502 82617308 88610829 7482757 7919782 131137291 136106369 17680759 20021402 4301430 7545828 84629282 84600711 1563 0 106613034 112167941 X 7184875 7584732 15339382 14353696 2000000 2000000 24524257 23938428 131137291 136106369 54286 -640115 0 X X 0 1 X 1 1 1 X 49772554 56008401 56049182 57231460 66347551 285409148 49772554 56008401 56049182 57231460 66347551 285409148 285409148 93504 357795 483652 732138 1043072 2710161 2825 4676 3232 5636 16369 5909534 5658934 5694208 4712466 4889232 26864374 315000052 0.90610 0.91490 X PART II, SEC. B, LINE 10 MISCELLANEOUS OTHER REVENUE CONSISTS OF THE FOLLOWING ITEMS TOTALING $4,889,232: MISCELLANEOUS OTHER REVENUE: $4,768,923 LICENSING FEES: $81,882 PARKING REVENUE: $38,427 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 126127 126127 0 PART II-B, LINE 1: VAN SCOYOC ASSOCIATES, INC. PERFORMS LOBBYING ACTIVITIES THROUGH DIRECT CONTACT WITH LEGISLATORS TO SECURE ADDITIONAL FUNDS FOR SPECIFIC RESEARCH ACTIVITIES. 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 2000000 0.00000 1.00000 0.00000 0 0 2034619 2034619 6507731 1419063 5088668 3355051 3317264 37787 70897 37469 33428 7194502 INVESTMENT IN LEASE 88610829 C 88610829 UNBILLED PROJECT COSTS 7919782 7919782 71671648 -640114 -640114 72311762 0 72311762 72257476 0 72257476 0 72257476 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSSES ON INVESTMENT -640,114. PART V, LINE 4 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO BE INVESTED TO PRODUCE PRESENT AND FUTURE INCOME, WHICH MAY EITHER BE EXPENDED OR ADDED TO PRINCIPAL. 1 GEORGIA STATE UNIVERSITY ALUMNI HALL ROOM 300 ATLANTA GA 30303 586002050 115(1) 63259778 EDUCATION 1 0 PART I, LINE 2: GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION DISTRIBUTES THE GRANTS UPON REQUEST BY THE GEORGIA STATE UNIVERSITY'S OFFICE OF SPONSORED PROGRAMS AND AWARDS. THE ORGANIZATION ESTABLISHES THE BUDGET FOR EACH PROJECT AND MONITORS THE EXPENDITURES. EACH MONTH THE OFFICE OF SPONSORED PROGRAMS AND AWARDS REQUESTS THE GRANT FUND TO COVER THE EXPENDITURE FOR THE PROJECT BUDGET. THE ORGANIZATION HAS ALSO DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS. THE ORGANIZATION IS ALSO SUBJECT TO AN ANNUAL OMB CIRCULAR A-133 AUDIT, WHICH TESTS THE ORGANIZATION'S INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT COMPLIANCE REQUIREMENTS. X X 1 1 0 0 0 0 0 0 0 0 0 MARK BECKER VOTING MEMBER 0 556515 0 0 0 0 0 0 0 0 0 556515 0 0 RISA PALM VOTING MEMBER 0 374848 0 0 0 0 0 0 0 0 0 374848 0 0 WILLIAM J LONG VOTING MEMBER 0 285038 0 0 0 0 0 0 0 0 0 285038 0 0 LESLIE E WOLF VOTING MEMBER 0 159931 0 0 0 0 0 0 0 0 0 159931 0 0 JAMES A WEYHENMEYER CHAIRPERSON 0 269480 0 0 0 0 0 0 0 0 0 269480 0 0 KERRY L HEYWARD SECRETARY 0 177452 0 0 0 0 0 0 0 0 0 177452 0 0 JERRY J RACKLIFFE FINANCIAL CHAIRPERSON 0 252975 0 0 0 0 0 0 0 0 0 252975 0 0 PART II COMPENSATION OF OFFICERS: GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM RELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION. A THE ATLANTA DEVELOPMENT AUTHORITY 582322663 04780RAS7 2007-12-20 91119281 SCIENCE PARK LLC CONSTRUCTION PROJECT 0 0 0 A 91119281 1218067 650238 89250976 2011 0 0 1 1 A 1 1 0 1 0 0.00690 0.00690 0 0 1 A 0 0 0 1 0 0 1 MBIA INC 31.500000000000 1 1 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE ATLANTA DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/20/2015 FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO QUARTERLY BOARD OF DIRECTORS MEETING, THE DRAFT 990 FORM IS PROVIDED TO ALL MEMBERS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ONCE EACH FISCAL YEAR, BOARD MEMBERS MUST SUBMIT A SIGNED AFFIDAVIT ANSWERING QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT THAT A CONFLICT IS NOTED, THAT PERSON RECUSES HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. ALL COMPENSATION REPORTED ON THE FORM 990 IS FROM RELATED ORGANIZATION (GEORGIA STATE UNIVERSITY) FOR SERVICES RENDERED TO GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION. GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION FOLLOWS THE POLICIES OF GEORGIA STATE UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 18 THE GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. INTERESTED PARTIES MAY CONTACT MR. GARY BRENNAMAN, BUSINESS MANAGER, P. O. BOX 3999, ATLANTA, GA, 30302-3999 FOR COPIES OF THIS INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 THE GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 49,096. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,096. BANK AND EXCHANGE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 17,322. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,322. CONCERT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,794. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,794. STIPENDS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,300. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,300. HONORARIUM SPEAKERS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. FORM 990, PART XII, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE PROVIDES INDEPENDENT OVERSIGHT WHICH INCLUDES: SELECTING THE INDEPENDENT AUDITING FIRM FOR THE ANNUAL AUDIT; MEETING WITH THE AUDITOR PRIOR TO THE AUDIT TO DISCUSS THE SCOPE OF THE AUDIT; MEETING WITH THE AUDITOR AFTER THE ANNUAL AUDIT TO REVIEW THE AUDITED FINANCIAL STATEMENTS AND THE MANAGEMENT LETTER; ENSURING THAT MANAGEMENT ADDRESSES ANY ISSUES DETERMINED IN THE AUDITOR'S MANAGEMENT LETTER; RECOMMENDING THE ACCEPTANCE OF THE AUDIT TO THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS; EDUCATING TRUSTEES ON AUDIT ISSUES, RECOMMENDING APPROVAL OF AUDIT FEES; REBIDDING THE SELECTION OF THE INDEPENDENT AUDIT FIRM EVERY 3 - 5 YEARS; APPROVING ACCOUNTING POLICIES AND STANDARDS, REVIEWING AND MAKING RECOMMENDATIONS ON INTERNAL CONTROLS; AND OVERSEEING POLICIES AND PROCEDURES FOR REPORTING QUESTIONABLE ACCOUNTING OR AUDITING MATTERS. PART I, LINE J, ENTITY'S WEBSITE: URSA.RESEARCH.GSU.EDU/URSA/RESOURCES/GEORGIA-STATE-UNIVERSITY-RESEARCH-F OUNDATION SCIENCE PARK LLC P O BOX 3999 ATLANTA GA 303023999 581845423 CONSTRUCTION GA 401627 92838647 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GSU RESEARCH CENTER LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 16500 270441 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC PANTHER BOOKSTORE LLC P O BOX 3999 ATLANTA GA 303023999 471755171 RESEARCH GA 177197 1743709 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC PANTHERS ON PRYOR LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 133903 1868590 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GEORGIA STATE UNIVERSITY ONE PARK PLACE SUITE 533 ATLANTA GA 30303 586002050 EDUCATION GA 115(1) BOARD OF REGENTS 0 0 1 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 GEORGIA STATE UNIVERSITY (PROJECT COSTS) B 63259778 COST GEORGIA STATE UNIVERSITY (SHARING FACILITIES) N 0 COST GEORGIA STATE UNIVERSITY (SCIENCE PARK LEASE) J 1676485 COST GEORGIA STATE UNIVERSITY (SALE OF REAL ESTATE) G 603348 FMV PART I: SCIENCE PARK, LLC IS A COMPONENT UNIT OF GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. THE ORGANIZATION WAS INCORPORATED AS A NOT-FOR-PROFIT SINGLE MEMBER LIMITED LIABILITY COMPANY ON AUGUST 9, 2006. THE RESEARCH FOUNDATION IS THE SOLE MEMBER OF THE SCIENCE PARK, LLC. THE SCIENCE PARK, LLC WAS CREATED TO DEVELOP A 248,806 SQUARE-FOOT SCIENCE FACILITY. UPON COMPLETION OF THE PROJECT, THE COMPANY WILL LEASE THE FACILITY TO THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA FOR THE USE AND BENEFIT OF GEORGIA STATE UNIVERSITY. ON FEBRUARY 7, 2011, GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. CREATED THE GSU RESEARCH CENTER, LLC, A LIMITED LIABILITY COMPANY WITH GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. AS ITS SOLE MEMBER. THE PURPOSE OF THE GSU RESEARCH CENTER, LLC IS TO ACQUIRE, MANAGE, DEVELOP, LEASE AND OPERATE CERTAIN PROPERTY OF GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. IN DEKALB COUNTY, GEORGIA. PART I: PANTHER BOOKSTORE, LLC IS A LIMITED LIABILITY COMPANY WITH THE RESEARCH FOUNDATION AS ITS SOLE MEMBER. THE PURPOSE OF PANTHER BOOKSTORE, LLC IS TO ACQUIRE, MANAGE, DEVELOP, LEASE, AND OPERATE A CERTAIN PROPERTY IN ATLANTA, GEORGIA. AS THE ACTIVITIES OF PANTHER BOOKSTORE, LLC ARE NOT DEEMED SIGNIFICANT TO THE RESEARCH FOUNDATION, PANTHER BOOKSTORE, LLC IS NOT PRESENTED AS A DISCRETE COMPONENT UNIT IN THE AUDITED FINANCIAL STATEMENTS. PART I: PANTHERS ON PRYOR, LLC IS A LIMITED LIABILITY COMPANY WITH THE RESEARCH FOUNDATION AS ITS SOLE MEMBER. THE PURPOSE OF PANTHERS ON PRYOR, LLC IS TO ACQUIRE, MANAGE, DEVELOP, LEASE, AND OPERATE A CERTAIN PROPERTY IN ATLANTA, GEORGIA. AS THE ACTIVITIES OF PANTHERS ON PRYOR, LLC ARE NOT DEEMED SIGNIFICANT TO THE RESEARCH FOUNDATION, PANTHERS ON PRYOR, LLC IS NOT PRESENTED AS A DISCRETE COMPONENT UNIT IN THESE FINANCIAL STATEMENTS.