2015-05-14T15:15:53-05:00 2014-06-30 560574444 CHERRY BEKAERT LLP 1075 PEACHTREE STREET NE STE 2200 ATLANTA GA 30309 990 2013-07-01 581845423 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GEOR 4044133529 P O BOX 3999 ATLANTA GA 303023999 JAMES A WEYHENMEYER CHAIRPERSON 4044133529 2015-05-08 1 CHRISTINE W PIERCE P00436339 4042090954 2013 2016-02-25 16:41:14Z JAMES A WEYHENMEYER PO BOX 3999 ATLANTA GA 30302 62794588 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. 11 0 0 0 7490 3232 56049182 57231460 0 0 1123111 405371 5840512 5085944 63012805 62722775 52453584 54542627 0 0 0 0 0 0 0 8411579 8720305 60865163 63262932 2147642 -540157 128402464 131137291 102845337 106613034 25557127 24524257 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 60048106 54542627 3888154 RESEARCH GRANTS ARE AWARDED TO GEORGIA STATE UNIVERSITY 60048106 1 1 0 1 0 0 0 0 0 1 1 0 1 1 1 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 21 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 11 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 PHANG C TAI VOTING MEMBER 5.00 X 0 214146 0 MARK BECKER VOTING MEMBER 5.00 X 0 543904 0 RISA PALM VOTING MEMBER 5.00 X 0 368344 0 WILLIAM J LONG VOTING MEMBER 5.00 X 0 279740 0 DONALD REITZES VOTING MEMBER 5.00 X 0 155180 0 LESLIE E WOLF VOTING MEMBER 5.00 X 0 148644 0 ROSE SEVCIK VOTING MEMBER 5.00 X 0 115061 0 JAMES A WEYHENMEYER CHAIRPERSON 5.00 X X 0 264076 0 KERRY L HEYWARD SECRETARY 5.00 X X 0 151819 0 JERRY J RACKLIFFE FINANCIAL CHAIRPERSON 5.00 X X 0 223136 0 MONICA SWAHN VICE-CHAIR 5.00 X X 0 168870 0 0 2632920 0 0 0 1 0 THOMAS HORSTMEYER 400 INTERSTATE N PKWY SE 1500 ATLANTA GA 30339 LEGAL 277718 MEUNIER CARLIN & CURFMAN LLC 817 WEST PEACHTREE STREET SUITE 50 ATLANTA GA 30308 LEGAL 189081 PABST PATENT GROUP 1545 W PEACHTREE ST NE ATLANTA GA 30309 LEGAL 171507 GSU FOUNDATION INCORPORATED 100 AUBURN AVE ATLANTA GA 30303 MANAGEMENT 171303 DUANE MORRIS LLP 1075 PEACHTREE ST NE ATLANAT GA 30309 LEGAL 120727 5 49549561 7681899 57231460 358660 358660 1169848 0 1169848 1169848 1169848 118524 71813 46711 46711 46711 SCIENCE PARK REVENUE 611710 3400927 3400927 OTHER REVENUE 611710 419008 419008 LICENSING FEES 900099 68219 68219 27942 7490 20452 3916096 62722775 3888154 7490 1595671 X 54542627 54542627 978078 978078 149050 149050 162623 162623 39747 39747 375 375 256835 256835 228495 228495 121193 121193 445423 445423 4246329 4246329 157348 157348 167984 167984 RESEARCH EXPENSE 1259150 1259150 NON-CONSULTANT SERVICES 155195 155195 BAD DEBT EXPENSE 150000 150000 CONSULTANTS 99619 99619 102861 102861 63262932 60048106 3214826 0 22835249 21366607 5513948 6561458 3665691 4404585 13334259 4629683 5733063 8704576 84484460 82617308 6170053 7482757 128402464 131137291 12953780 17680759 3550567 4301430 86337855 84629282 3135 1563 102845337 106613034 X 10064011 7184875 13493116 15339382 2000000 2000000 25557127 24524257 128402464 131137291 X -540157 504550 -997263 0 X X 0 1 X 1 1 1 X 48012953 49772554 56008401 56049182 57231460 267074550 48012953 49772554 56008401 56049182 57231460 267074550 267074550 89219 93504 357795 483652 732138 1756308 3642 2825 4676 3232 14375 1090309 5909534 5658934 5694208 4712466 23065451 291910684 0.91490 0.92840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 162623 162623 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 2415130 2415130 7486187 1285995 6200192 3355051 3314570 40481 77891 29118 48773 8704576 INVESTMENT IN LEASE 82617308 C 82617308 UNBILLED PROJECT COSTS 7482757 7482757 LEASE PURCHASE OBLIGATION 1563 1563 63227325 504550 504550 62722775 0 62722775 63262932 0 63262932 0 63262932 PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INVESTMENT 504,550. 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) 54542627 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 PHANG C TAI VOTING MEMBER 0 214146 0 0 0 0 0 0 0 0 0 214146 0 0 MARK BECKER VOTING MEMBER 0 543904 0 0 0 0 0 0 0 0 0 543904 0 0 RISA PALM VOTING MEMBER 0 368344 0 0 0 0 0 0 0 0 0 368344 0 0 WILLIAM J LONG VOTING MEMBER 0 279740 0 0 0 0 0 0 0 0 0 279740 0 0 DONALD REITZES VOTING MEMBER 0 155180 0 0 0 0 0 0 0 0 0 155180 0 0 JAMES A WEYHENMEYER CHAIRPERSON 0 264076 0 0 0 0 0 0 0 0 0 264076 0 0 KERRY L HEYWARD SECRETARY 0 151819 0 0 0 0 0 0 0 0 0 151819 0 0 JERRY J RACKLIFFE FINANCIAL CHAIRPERSON 0 223136 0 0 0 0 0 0 0 0 0 223136 0 0 MONICA SWAHN VICE-CHAIR 0 168870 0 0 0 0 0 0 0 0 0 168870 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 0.00180 0.00000 0.00180 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: 12/20/2014 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 64,101. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,101. BANK AND EXCHANGE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,879. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,879. MOVING EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,729. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,729. STIPENDS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,100. HONORARIUM SPEAKERS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,830. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,830. LEASE/PURCHASE INTEREST: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 222. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222. 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. FORM 990, PART XI, LINE 8, PRIOR PERIOD ADJUSTMENT: DURING THE YEAR ENDED JUNE 30, 2014, THE ORGANIZATION ADOPTED THE PROVISIONS OF STATEMENT OF GOVERNMENTAL ACCOUNTING STANDARDS (SGAS) NO. 65, ITEMS PREVIOUSLY REPORTED AS ASSETS AND LIABILITIES. THIS STATEMENT ESTABLISHES ACCOUNTING AND FINANCIAL REPORTING STANDARDS THAT RECLASSIFY, AS DEFERRED OUTFLOWS OF RESOURCES OR DEFERRED INFLOWS OF RESOURCES, CERTAIN ITEMS THAT WERE PREVIOUSLY REPORTED AS ASSETS AND LIABILITIES AND RECOGNIZES, AS OUTFLOWS OF RESOURCES OR INFLOWS OF RESOURCES, CERTAIN ITEMS THAT WERE PREVIOUSLY REPORTED AS ASSETS AND LIABILITIES. AS A RESULT, $997,263 RELATED TO CAPITALIZED BOND ISSUANCE COSTS WAS REMOVED FROM THE ORGANIZATION'S ASSETS AND BEGINNING NET POSITION WAS REDUCED BY $997,263. PART I, LINE J, ENTITY'S WEBSITE: URSA.RESEARCH.GSU.EDU/URSA/RESOURCES/GEORGIA-STATE-UNIVERS SCIENCE PARK LLC P O BOX 3999 ATLANTA GA 303023999 581845423 CONSTRUCTION GA 121681 94187591 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GSU RESEARCH CENTER LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 17650 272585 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC PANTHER BOOKSTORE LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 546 1764754 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC PANTHERS ON PIEDMONT LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 86194 1345611 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC PANTHERS ON PRYOR LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 137142 1904195 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 0 0 0 1 0 0 0 1 0 0 0 0 0 GEORGIA STATE UNIVERSITY (PROJECT COSTS) B 54542627 COST GEORGIA STATE UNIVERSITY (SHARING FACILITIES) N 0 COST GEORGIA STATE UNIVERSITY (SCIENCE PARK LEASE) J 1676485 COST PART I: PANTHERS ON PIEDMONT, LLC IS A LIMITED LIABILITY COMPANY WITH THE RESEARCH FOUNDATION AS ITS SOLE MEMBER. THE PURPOSE OF PANTHERS ON PIEDMONT, LLC IS TO ACQUIRE, MANAGE, DEVELOP, LEASE AND OPERATE A CERTAIN PROPERTY IN ATLANTA, GEORGIA. AS THE ACTIVITIES OF PANTHERS ON PIEDMONT, LLC ARE NOT DEEMED SIGNIFICANT TO THE RESEARCH FOUNDATION, PANTHERS ON PIEDMONT, LLC IS NOT PRESENTED AS A DISCRETE COMPONENT UNIT IN THE AUDITED FINANCIAL STATEMENTS. 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.