2015-04-08T20:00:34-05:00 2014-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2013-07-01 582538285 GEORGIA ADVANCED TECHNOLOGY VENTURES INC % AMY HERRON GEOR 4043858337 225 NORTH AVENUE LYMAN HALL Suite ATLANTA GA 30332 Aisha Oliver-Staley Secretary 4043858337 2015-01-31 true MARC AZAR P00746804 4043858337 2013 2016-02-25 16:41:14Z aisha oliver-staley 225 NORTH AVE LYMAN HALL ATLANTA GA 303320257 18730120 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. 7 4 0 0 0 0 1823587 82287 17164965 17532146 2378 3502 755566 1112185 19746496 18730120 4262997 305021 0 0 0 0 0 0 0 19119404 19009547 23382401 19314568 -3635905 -584448 120319890 126517072 117621359 124402989 2698531 2114083 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 19180250 305021 18644331 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. 19180250 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 14 0 true 0 false false false false false false false false false false X 7 4 true false false false false true false true true false false true true true true false false false false true false GA X AMY HERRON 4043858337 221 UNCLE HEINIE WAY LYMAN HALL RM ATLANTA GA 30332 X STEVEN G SWANT DIRECTOR 1.0 X 307227 124160 JAMES R BORDERS DIRECTOR 1.0 X 0 0 0 JOHN J HUNTZ DIRECTOR 1.0 X SIG MOSLEY DIRECTOR 1.0 X STEVE W CHADDICK DIRECTOR 1.0 X RAFAEL L BRAS DIRECTOR 1.0 X 390037 150960 ben t raney ii director 1.0 X michael c cassidy director 1.0 X PATRICK J MCKENNA VICE PRESIDENT 4.0 X 219701 35982 JOHN MAJERONI VICE PRESIDENT 4.0 X 227355 22190 AISHA OLIVER-STALEY SECRETARY 4.0 X 130361 23930 STEPHEN R FLEMING PRESIDENT 4.0 X 212068 35695 AMY E HERRON ASSISTANT TREASURER 4.0 X 92992 35733 AMIR RAHNAMAY-AZAR TREASURER 4.0 X 145924 24527 james g fortner treasurer 4.0 X 175458 39525 0 1901123 492702 0 false true false Brasfield Gorrie LLC PO Box 11407 BIRMINGHAM AL 35246 construction 617151 JS THOMAS SERVICE 4085 NINE MCFARLAND DRIVE ALPHARETTA GA 30004 REPAIRS, MAINTENANCE 247683 WALDEN SECURITY po box 742189 ATLANTA GA 30374 SECURITY 199006 WESTMONT PO BOX 95661 CHICAGO IL 606945661 MANAGEMENT SERVICES 203605 ABM JANITORIAL 3305 BRECKINRIDGE BLVD SUITE 134 DULUTH GA 30096 JANITORIAL SERVICES 145461 6 X 82287 82287 RENTAL INCOME 531120 12789444 12789444 PROGRAM EXPENSE REIMBURSEMENT 541610 4742702 4742702 17532146 3502 3502 0 0 0 0 0 0 0 0 0 GAIN ON EXTINGUISHMENT OF DEBT 900099 1037924 1037924 MEMBERSHIP FEES 541610 71474 71474 MISC. INCOME 900099 2787 2787 1112185 18730120 18644331 3502 305021 305021 0 0 0 0 0 0 0 0 0 0 134920 134920 31600 31600 0 0 0 31630 31630 0 942 942 0 0 3151954 3151954 0 0 0 7212712 7212712 0 4488510 4488510 145588 145588 MANAGEMENT EXPENSES 2714902 2649902 65000 REPAIRS & MAINTENANCE 953002 953002 BANK CHARGES 67946 67946 MISC. EXPENSES 75841 75411 430 19314568 19180250 134318 0 0 0 5004943 4343881 1398929 1115695 63189 58389 0 0 0 0 0 0 0 0 16266 16881 152091833 32468389 112299046 119623444 0 0 0 0 341289 356289 17500 15000 1178728 987493 120319890 126517072 5590317 3175141 0 0 3299217 3251740 0 0 0 0 0 0 104688790 114435228 0 0 4043035 3540880 117621359 124402989 X -8036966 -8606414 10735497 10720497 0 0 2698531 2114083 120319890 126517072 -584448 X false true X true false X X X false false false GEORGIA INSTITUTE OF TECHNOLOGY 586002023 0 true true true 19314568 1 19314568 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18328531 18328531 132715906 31554757 101161149 1047396 913632 133764 119623444 0 TENANT DEPOSIT 325216 NOTE PAYABLE TO GTFI 3215664 3540880 X 18730120 18730120 18730120 19314568 19314568 19314568 Form 990, Schedule D, Part X, Line 2 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, 2011. true Georgia Tech Foundation 760 spring street nw suite 400 atlanta GA 30308 586043294 501(C)(3) 305021 cost support 1 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 219701 20998 14984 255683 JOHN MAJERONI VICE PRESIDENT 227355 21095 1095 249545 AISHA OLIVER-STALEY SECRETARY 130361 15798 8132 154291 STEVEN G SWANT DIRECTOR 306777 450 106562 17598 431387 STEPHEN R FLEMING PRESIDENT 212068 20328 15367 247763 RAFAEL L BRAS DIRECTOR 380037 10000 133562 17398 540997 AMIR RAHNAMAY-AZAR TREASURER 145924 12585 11942 170451 james g fortner treasurer 175458 21542 17983 214983 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, and Steven G. Swant, Executive Vice President Administration and Finance of the Georgia Institute of Technology and a Director of the Organization, participate in a non-qualified supplemental retirement plan structured under IRS Section 415(m). Contributions to the plan in calendar year 2013 were funded by Georgia Institute of Technology and are included in amounts disclosed on Schedule J, Part II Column C: Deferred Compensation. CardioMEMS CardioMEMS/GATV director 2371201 Rent paid to GATV false Part VI, Line 1 A DIRECTOR OF CARDIOMEMS IS A BOARD MEMBER OF GATV. Part vi, questions #2 SIG MOSLEY AND JAMES R. BORDERS HAVE A BUSINESS RELATIONSHIP OUTSIDE OF GATV. part vi, question #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 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, 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, 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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GA 501(C)(3) 11A Georgia tech false Global Center for medical innovation inc 75 5th street nw atlanta GA 30332 264723391 research 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 BLDG 2ND FLOOR EAST 54T PANAMA CITY PM GLOBAL SUPPOR PM GT GLOBAL inc N/A false false false false true false false false true true false true false false false true true false GEORGIA INSTITUTE OF TECHNOLOGY J 7589241 COST GEORGIA INSTITUTE OF TECHNOLOGY M 181203 COST GEORGIA INSTITUTE OF TECHNOLOGY Q 1164312 COST