2025-02-25T18:09:34-06:00 2024-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2023-07-01 582106879 GWINNETT TECH FOUNDATION INC GWIN 6782266955 5150 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 DARCIE JOHNSON EXECUTIVE DIRECTOR 6782266955 2025-02-22 1 1 MELISSA SEWARD P02145103 7709558600 2025-02-22 2023 2025-03-06 01:10:19Z KALI BOATRIGHT 5150 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 1845648 0 X WWW.GWINNETTTECH.EDU/FOUNDATION/ X 1994 GA THE PURPOSE OF GWINNETT TECH FOUNDATION IS TO AID AND SUPPORT GWINNETT TECHNICAL COLLEGE. 10 10 3 15 0 0 329387 1079052 0 0 72433 766596 0 0 401820 1845648 603662 1438747 0 0 0 0 0 0 27545 172909 176152 776571 1614899 -374751 230749 9093505 9431990 252251 38191 8841254 9393799 THE GWINNETT TECH FOUNDATION EXISTS FOR THE SOLE PURPOSE OF HELPING GWINNETT TECHNICAL COLLEGE AND ITS STUDENTS SUCCEED THROUGH FINANCIAL SUPPORT INCLUDING SCHOLARSHIPS. 0 0 1456624 1438747 THE FOUNDATION'S EXEMPT PURPOSE IS TO GENERATE AND PROVIDE ADDITIONAL FUNDS FOR THE SUPPORT OF THE STUDENTS, PROGRAMS AND SERVICES OF GWINNETT TECHNICAL COLLEGE IN ORDER TO HELP THE COLLEGE ACHIEVE ITS STATED GOALS AND OBJECTIVES. GWINNETT TECHNICAL COLLEGE IS A TWO-YEAR TECHNICAL SCHOOL UNIT OF THE TECHNICAL COLLEGE SYSTEM OF GEORGIA WITH CAMPUSES IN LAWRENCEVILLE AND ALPHARETTA, GEORGIA THAT OFFERS OVER 140 PROGRAMS OF STUDY FOR OVER 12,000 ENROLLED STUDENTS. 1456624 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 10 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X X DARCIE JOHNSON 6782266955 5150 SUGARLOAF PARKWAY LAWRENCEVILLE GA 30043 X DARCIE JOHNSON EXECUTIVE DIRECTOR 40.00 X 0 0 0 HERB HOFFMAN CHAIR 3.00 X X 0 0 0 KALI BOATRIGHT VICE CHAIR 1.00 X X 0 0 0 JENNIFER BRIDWELL SECRETARY 1.00 X X 0 0 0 MAX CHIP COBERLY TREASURER 3.00 X X 0 0 0 CLIFF CLARK TRUSTEE 1.00 X 0 0 0 NORMA HEPBURN-BROWN TRUSTEE 1.00 X 0 0 0 COLE PORTER TRUSTEE 1.00 X 0 0 0 ANTHONY CHEN TRUSTEE 1.00 X 0 0 0 LEIGH GANT TRUSTEE 1.00 X 0 0 0 JUDITH MARTINEZ-SADRI TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 1 0 1079052 486952 1079052 244496 244496 522100 0 522100 522100 522100 1845648 0 0 766596 1115926 1115926 322821 322821 14987 14987 29243 29243 29432 29432 51301 17877 11620 21804 1596 1596 MEMBERSHIP AND DUES 49593 43852 5741 1614899 1456624 130730 27545 144749 180749 354033 367386 28025 10925 8543055 8869687 23643 3243 9093505 9431990 250973 36913 1278 1278 252251 38191 X 827776 1041472 8013478 8352327 8841254 9393799 9093505 9431990 230749 321796 0 X 0 1 X 1 0 X 1098151 1103906 1000929 329387 1079052 4611425 234000 257175 491175 1098151 1103906 1000929 563387 1336227 5102600 941677 4160923 163025 91251 118649 217871 244496 835292 5937892 0.70070 0.75110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6289644 55000 848220 169236 7023628 5708927 50000 551964 21247 6289644 6794093 16000 -1075814 25352 5708927 5087492 575213 1310178 178790 6794093 4735449 407165 72361 127483 5087492 0.05539 0.63536 0.30925 1 0 0 FUNDS HELD FOR AFFILIATE 1278 1278 X PART V, LINE 4: FOR SPECIFIC USE GRANTS AND SCHOLARSHIPS AS REQUESTED BY GWINNETT TECHNICAL COLLEGE TO ASSIST THE COLLEGE WITH ITS EDUCATIONAL PURPOSE. PART X, LINE 2: THE FOUNDATION IS A QUALIFYING, NONPROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, IT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. INTEREST AND PENALTIES RELATED TO INCOME TAXES ARE EXPENSED AS INCURRED. THERE WERE NO INTEREST AND PENALTIES CHARGED TO EXPENSE FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. GAAP PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FOUNDATION'S FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE IMPLICATIONS OF THESE STANDARDS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE FOUNDATION; THEREFORE, NO TAX EXPENSE OR ACCRUALS ARE INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. 1 GWINNETT TECHNICAL COLLEGE 5150 SUGARLOAF PKWY LAWRENCEVILLE GA 30043 582106879 501(C)(3) 438078 0 TO SUPPORT THE ACADEMIC PURSUITS OF GWINNETT TECHNICAL COLLEGE 1 0 NEED & MERIT BASED SCHOLARSHIPS 190 322821 PART I, LINE 2: ALL GRANTS AND SCHOLARSHIP PAYMENTS ARE MADE TO GWINNETT TECHNICAL COLLEGE. THE COLLEGE MUST REQUEST FUNDS FOR DISBURSEMENT WHETHER FOR EDUCATIONAL MATERIALS OR SCHOLARSHIPS BY STATING THE PURPOSE AND USE BY THE COLLEGE. ALL GIFT-IN-KIND DONATIONS ARE PROCESSED BY THE FOUNDATION AND THEN TRANSFERRED DIRECTLY TO THE COLLEGE. SCHOLARSHIPS TO STUDENTS OF GWINNETT TECHNICAL COLLEGE ARE REQUESTED BY THE COLLEGE, AND THE FOUNDATION DOES NOT MAKE ANY RECOMMENDATIONS OR DETERMINATION WITH RESPECT TO THE SCHOLARSHIP RECIPIENTS. THE FOUNDATION HAS ACCESS TO THE COLLEGE'S RECORDS TO VALIDATE THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 FORM 990 PART VII LINE 5 EXECUTIVE DIRECTOR, DARCIE JOHNSON PERFORMED FULL-TIME SERVICES FOR GWINNETT TECH FOUNDATION, INC, BEGINNING APRIL 2024, WHILE EMPLOYED BY GWINNETT TECH . HER REPORTABLE COMPENSATION FOR THIS POSITION DURING CALENDAR 2023 WAS -0- . X AIR PURIFIERS 1 422537 COST X EV CHARGING STATION 1 59784 COST X MISC GOODS 2 4631 COST 2 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS. FORM 990 PART I LINE 5 AND PART V LINE 2A AND 2B THE GWINNETT TECH FOUNDATION, INC. DOES NOT HAVE ANY W-2 EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY REPORTING AGENT, GWINNETT TECHNICAL COLLEGE, EIN 58-2106879, AN UNRELATED ORGANIZATION. ALL SALARIES AND BENEFITS ARE DONATED BY GWINNETT TECHNICAL COLLEGE. THERE WERE 3 EMPLOYEES THAT WORKED FULL OR PART-TIME FOR GWINNETT TECH FOUNDATION, INC. AND WERE COMPENSATED BY GWINNETT TECHNICAL COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF TRUSTEES IS COMPOSED OF BUSINESS, GOVERNMENT, AND COMMUNITY LEADERS IN THE LOCAL AREA. DUE TO THE EXTENSIVE INVOLVEMENT OF THESE COMMUNITY LEADERS IN BUSINESS AND OTHER COMMUNITY AFFAIRS, THE TRUSTEES MAY HAVE NORMAL BUSINESS RELATIONSHIPS THAT MIGHT BE EXPECTED OF LEADERS IN A SUBURBAN COMMUNITY. HOWEVER, THESE BUSINESS RELATIONSHIPS SHALL BE CONDUCTED AT ARMS' LENGTH, PURSUANT TO NORMAL BUSINESS TERMS AND THE FOUNDATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS ACKNOWLEDGED AND SIGNED WHEN AN OFFICER OR TRUSTEE BEGINS THEIR POSITION WITH THE FOUNDATION. MONITORING IS ACHIEVED THROUGH THE POLICY'S REQUIREMENT TO BRING TO THE ATTENTION OF THE BOARD OR THE EXECUTIVE COMMITTEE ANY AND ALL BUSINESS OR OTHER RELATIONSHIPS THAT COME UNDER THE PURVIEW OF THE POLICY. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION MAKES ITS EXEMPT STATUS DETERMINATION LETTER AVAILABLE UPON REQUEST TO THE PUBLIC ALONG WITH ITS FORM 990 RETURNS WHICH ARE ALSO AVAILABLE ON ITS WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE FOUNDATION'S WEBSITE.