2012-03-29T12:38:34-05:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 1180 WEST PEACHTREE STREET SUITE 14 ATLANTA GA 30309 990 2010-07-01 581845423 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GEOR 4044133529 P O BOX 3999 ATLANTA GA 303023999 JAMES A WEYHENMEYER 4044133529 2012-03-28 1 LYNN J MONEYRON 7709421560 2010 2016-02-24 21:20:13Z JAMES A WEYHENMEYER PO BOX 3999 ATLANTA GA 30302 57020044 0 X HTTP://WWW.GSU.EDU/RESEARCH/GSURF BOARD.HTML 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 8949 2825 48012953 49772554 0 0 21257 57335 1093951 5918483 49128161 55748372 45621528 47085723 0 0 0 0 0 0 0 3113885 4748897 48735413 51834620 392748 3913752 127258259 133593166 109600205 111291284 17658054 22301882 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 47085723 47085723 RESEARCH GRANTS ARE AWARDED TO GEORGIA STATE UNIVERSITY 47085723 1 1 0 1 0 0 0 0 1 1 0 1 0 0 0 1 0 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 0 1 26 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 X 10 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X X GARY BRENNAMAN 4044133529 DAHLBERG HALL 30 COURTLAND STREET ATLANTA GA 30303 JAMES A WEYHENMEYER 5.00 X 0 0 0 AMY LEDERBERG 5.00 X X 0 114115 0 KERRY L HEYWARD 5.00 X X 0 146909 0 JERRY J RACKLIFFE 5.00 X X 0 231478 0 LAUREN B ADAMSON 5.00 X 0 240407 0 PHANG C TAI 5.00 X 0 213417 0 SUSAN K LAURY 5.00 X 0 124023 0 MARK BECKER 5.00 X X 0 536281 0 RISA PALM 5.00 X 0 360571 0 MARYANN ROMSKI 5.00 X 0 164296 0 ROBIN D MORRIS 5.00 X 0 208649 0 0 2340146 0 0 1 1 0 SUNTRUST BANK 1445 NEW YORK AVE NW WASHINGTON DC 20005 RENTAL FEES 242376 THOMAS KAYDEN HORSTEMEYER & RISLEY LL 600 GALLERIA PARKWAY ATLANTA GA 30339 LEGAL 162605 CHERRY BEKAERT & HOLLAND LLP 1180 WEST PEACHTREE STREET SUITE 1 ATLANTA GA 30309 AUDITING 157286 VAN SCOYOC ASSOCIATES 101 CONSTITUTION AVENUE NW SUITE 6 WASHINGTON DC 20001 LOBBYING 115616 4 40591331 9181223 49772554 93504 93504 1235503 1271672 -36169 -36169 -36169 SCIENCE PARK REVENUE 611710 5482093 5482093 OTHER REVENUE 611710 400593 400593 PARKING REVENUE 611710 35797 8949 26848 5918483 55748372 5882686 8949 84183 47085723 47085723 446381 446381 185657 185657 32525 32525 133022 133022 238820 238820 1849 1849 139329 139329 702447 702447 139479 139479 RESEARCH EXPENSE 2363469 2363469 CONSULTANTS 319759 319759 MISCELLANEOUS EXPENSE 17047 17047 BANK AND EXCHANGE CHARG 15450 15450 MOVING EXPENSES 7963 7963 5700 5700 51834620 47085723 4748897 0 1 33500944 27483392 6106140 6373395 5364681 4792511 8167203 3301222 5272328 4865981 74262653 85941106 2751513 4136780 127258259 133593166 13201958 16984055 5364680 4772233 91033567 89534996 109600205 111291284 X 14883924 19437071 774130 864811 2000000 2000000 17658054 22301882 127258259 133593166 X 3913752 730076 X X 0 1 1 X 1 1 X 51013089 47010535 50265089 48012953 49772554 246074220 51013089 47010535 50265089 48012953 49772554 246074220 246074220 515205 470067 169473 89219 93504 1337468 3642 4511 8153 2450166 2192986 510378 1090309 5909534 12153373 259573214 0.94800 0.96280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 115616 115616 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: 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 1.00000 0 0 815185 815185 3989973 929028 3060945 3047865 2088104 959761 314180 284090 30090 4865981 INVESTMENT IN LEASE 85941106 C 85941106 55748372 51834620 3913752 730076 730076 4643828 56478448 730076 730076 55748372 0 55748372 51834620 0 51834620 0 51834620 1 GEORGIA STATE UNIVERSITY ALUMNI HALL ROOM 300 ATLANTA GA 30303 586002050 115(1) 47085723 BOOK EDUCATION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION DISTRIBUTES THE GRANTS UPON REQUEST BY THE GEORGIA STATE UNIVERSITY'S RESEARCH FINANCIAL SERVICES OFFICE. THE ORGANIZATION ESTABLISHES THE BUDGET FOR EACH PROJECT AND MONITORS THE EXPENDITURES. EACH MONTH THE RESEARCH FINANCIAL SERVICES OFFICE 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. 0 0 0 0 0 0 0 0 0 JERRY J RACKLIFFE 0 231478 0 0 0 0 0 0 0 0 0 231478 0 0 LAUREN B ADAMSON 0 240407 0 0 0 0 0 0 0 0 0 240407 0 0 PHANG C TAI 0 213417 0 0 0 0 0 0 0 0 0 213417 0 0 MARK BECKER 0 536281 0 0 0 0 0 0 0 0 0 536281 0 0 RISA PALM 0 360571 0 0 0 0 0 0 0 0 0 360571 0 0 MARYANN ROMSKI 0 164296 0 0 0 0 0 0 0 0 0 164296 0 0 ROBIN D MORRIS 0 208649 0 0 0 0 0 0 0 0 0 208649 0 0 PART I, LINE 7 COMPENSATION OF OFFICERS' AND DR. MARK BECKER'S COMPENSATION 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. THE ATLANTA DEVELOPMENT AUTHORITY 582322663 04780RAS7 2007-12-20 91119281 SCIENCE PARK LLC CONSTRUCTION PROJECT 0 0 0 91119281 1218067 650238 89250976 2011 0 0 1 1 1 1 0 0 1 0.00900 0.00000 0.00900 1 0 0 0 1 MBIA INC 31.500000000000 1 1 0 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. AT THE QUARTERLY MEETING OF THE BOARD OF DIRECTORS, A VOTE IS TAKEN TO APPROVE THE DRAFT 990 FORM BEFORE SUBMITTAL TO IRS. 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, THE VP FOR RESEARCH AT GSU NOTIFIES THE UNIVERSITY PRESIDENT, IF HE AGREES THEN AN INVESTIGATORY COMMITTEE IS APPOINTED TO REVIEW ANY CLAIMS OF CONFLICT OF INTEREST AND ISSUES INITIAL FINDINGS TO THE PERSON WITH POTENTIAL CONFLICT WHO IS ALLOWED TO MEET WITH THE COMMITTEE AND DISCUSS THE FINDINGS. AFTERWARD, A FINAL REPORT IS DELIVERED BY THE COMMITTEE TO THE PRESIDENT AND PROVOST OF THE UNIVERSITY WHICH CONTAINS RECOMMENDED ACTIONS. FORM 990, PART VI, SECTION B, LINE 15 GEROGIA 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. 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. INTERESTED PARTIES MAY CONTACT MR. GARY BRENNAMAN, BUSINESS MANAGER, P. O. BOX 3999, ATLANTA, GA, 30302-3999 FOR COPIES OF THIS INFORMATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 730,076. AUDIT COMMITTEE FORM 990, PART XI, LINE 2C 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. BACKUP WITHHOLDING, FEDERAL EMPLOYMENT TAX RETURNS, FORM 8899 AND 1098-C FORM 990, PART V, LINES 1C, 2B, 7G AND 7H THE ORGANIZATION DID NOT RECEIVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY AND WAS THEREFORE NOT REQUIRED TO FILE FORM 8899. LIKEWISE, THERE WERE NO CONTRIBUTIONS OF CARS, BOATS, AIRPLANES, OR OTHER VEHICLES, AND FORM 1098-C WAS NOT REQUIRED. THE ORGANIZATION DID NOT HAVE ANY REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS AND THEREFORE THE BACKUP WITHHOLDING RULES DID NOT APPLY. THE ORGANIZATION DID NOT HAVE ANY EMPLOYEES AND THEREFORE THE FEDERAL EMPLOYMENT TAX RETURNS WERE NOT FILED. SCIENCE PARK, LLC - DISREGARDED ENTITY SCHEDULE R, 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. SCIENCE PARK LLC P O BOX 3999 ATLANTA GA 303023999 581845423 CONSTRUCTION GA 5762474 99765992 GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC GSU RESEARCH CENTER LLC P O BOX 3999 ATLANTA GA 303023999 999999999 RESEARCH GA 0 16106 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 1 0 0 0 1 0 1 0 0 0 GEORGIA STATE UNIVERSITY (PROJECT COSTS) B 47085723 COST GEORGIA STATE UNIVERSITY (SHARING FACILITIES) M 0 COST GEORGIA STATE UNIVERSITY (SCIENCE PARK LEASE) I 5945712 COST