2026-05-11T11:59:26-04:00 2025-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-07-01 582538285 GEORGIA ADVANCED TECHNOLOGY VENTURES INC % HOLLY SEEL GEOR 4043857320 225 NORTH AVE LYMAN HALL Ste 325 ATLANTA GA 30332 HOLLY SEEL ASSISTANT TREASURER 4048948148 2026-05-15 true true ANDREW A HEDRICH P01770437 4048746244 2026-05-15 2024 2025-03-06 01:10:19Z HOLLY SEEL 225 NORTH AVE LYMAN HALL 325 ATLANTA GA 30332 56010998 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. 11 8 0 0 0 21611 20240 35920615 55526923 120122 120352 319614 343483 36381962 56010998 1114837 33402572 0 0 0 0 0 0 0 22471802 21847754 23586639 55250326 12795323 760672 245847261 237901675 148823423 139766266 97023838 98135409 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 54721198 33402572 55870406 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. 54721198 true true false false false false false false false false true false true true true true false true false false false false false false false false false true false true true false false false false false false false true false false false false false false true true false true false true 25 0 true 0 false false false false false false false false false false false false X 11 8 false false false false false true false true true false false true true true true true true false false true true GA X HOLLY SEEL 4043857320 221 UNCLE HEINIE WAY LYMAN HALL ATLANTA GA 30332 X STEVEN MCLAUGHLIN DIRECTOR (end 4/25) 1.0 39.0 X 0 597699 53266 SHANTAY BOLTON DIRECTOR (end 3/25) 1.0 39.0 X 0 500785 63575 RAGHUPATHY SIVAKUMAR PRESIDENT (BEG. 2/25) 4.0 36.0 X 0 428178 63694 Chaouki Abdallah Director (end 8/24) 1.0 39.0 X 0 401368 70368 TIMOTHY LIEUWEN DIRECTOR (BEG. 8/24) 1.0 39.0 X 0 363595 66752 James G Fortner Treasurer (end 3/25) 4.0 36.0 X 0 304988 86039 Anthony Zivalich Vice President - REAL ESTATE 4.0 36.0 X 0 267603 81557 DAVID BRIDGES VICE PRESIDENT - INNOVATION 4.0 36.0 X 0 278065 57273 KARIE DAVIS-NOZEMACK DIRECTOR (BEG. 6/25) 1.0 39.0 X 0 271269 58826 JENNIFER BENTSON Assistant Treasurer 4.0 36.0 X 0 235505 65243 KIM TOATLEY DIRECTOR 1.0 39.0 X 0 270512 11037 AMY HERRON FORMER OFFICER 0.0 40.0 X 0 195145 76200 Tanesha Steward Secretary (end 11/24) 4.0 36.0 X 0 131717 50218 GAIL SPATT FORMER OFFICER 0.0 40.0 X 0 112847 66533 KELLY MACARTHUR FORMER OFFICER 0.0 40.0 X 0 119473 40224 HOLLY SEEL Assistant Treasurer 4.0 36.0 X 0 118269 38556 SHANNON MCGHEE SECRETARY-INTERIM (BEG. 11/24) 4.0 36.0 X 0 46929 13195 JAZMYN MUSE ASST. SECRETARY (BEG. 2/25) 4.0 36.0 X 0 35550 17050 Ben T Raney II Director 1.0 0.0 X 0 0 0 Blake Patton Chair 1.0 0.0 X 0 0 0 BURUNDA PRINCE DIRECTOR 1.0 0.0 X 0 0 0 JOHN LONG DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL ROSS DIRECTOR 1.0 0.0 X 0 0 0 SEAN HENRY DIRECTOR 1.0 0.0 X 0 0 0 GARRETT LANGLEY DIRECTOR 1.0 0.0 X 0 0 0 TRICIA CHASTAIN DIRECTOR (BEG. 4/25) 1.0 39.0 X 0 0 0 SIG MOSLEY director 1.0 0.0 X 0 0 0 RONNI BRYANT SECRETARY (BEG. 5/25) 4.0 36.0 X 0 0 0 0 4679497 979606 0 true true false McCarthy Building Companies Inc 2727 Paces Ferry Rd SE Bldg Two ATLANTA GA 30339 CONSTRUCTION 12231526 Barnsley Construction Group 396 Senoia Rd Ste 102 TYRONE GA 30290 CONSTRUCTION 3177293 Forza Group Inc 655 Highway 74 South Ste 100 PEACHTREE CITY GA 30269 CONSTRUCTION 2473252 Structor Grouup Inc 2551 Corporate Plaza Pkwy Ste 200 SMYRNA GA 30080 CONSTRUCTION 2137409 Jones Lang LaSalle Americas PO Box 95661 CHICAGO IL 60694 CONSULTING 1402446 18 20240 20240 RENTAL INCOME 531120 54789589 54789589 PROGRAM EXPENSE REIMBURSEMENT 541610 721456 721456 DEVELOPMENT FEES 541610 15878 15878 55526923 120352 120352 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISC INCOME 900099 343483 343483 343483 56010998 55870406 120352 33402572 33402572 0 0 0 0 0 0 0 0 0 0 336226 336226 284791 284791 0 0 0 155539 155539 3950 3950 2927 2927 0 0 6117689 6117689 0 0 0 4108824 4108824 0 3854391 3854391 375811 375811 MANAGEMENT EXPENSES 5548581 5071708 476873 REPAIRS & MAINTENANCE 740594 740594 OTHER EXPENSES 318431 266176 52255 55250326 54721198 529128 0 0 0 23621285 23191170 468977 439217 523147 3093516 0 0 0 0 0 0 0 0 8026 213894 144061659 48712433 99589011 95349226 0 0 0 0 91238095 90081212 0 0 30398720 25533440 245847261 237901675 1778513 2447247 0 0 13827028 13873629 45395000 45395000 0 0 0 0 41668092 38539499 0 0 46154790 39510891 148823423 139766266 X 96904287 98041382 119551 94027 97023838 98135409 245847261 237901675 760672 350899 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 55250326 0 1 55250326 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15218380 15218380 126997783 47577509 79420274 1845496 1134924 710572 95349226 DIRECT FINANCING LEASES 90081212 C 90081212 OPERATING LEASE - RIGHT TO USE 25533440 25533440 0 TENANT DEPOSIT 295317 BOND ISSUANCE PREMIUM 3682706 TAXABLE BONDS PAYABLE 4590000 OPERATING LEASE - RIGHT TO USE 28982235 FUNDS HELD FOR OTHERS 1960633 39510891 X 56361895 350899 350899 56010996 56010996 55250324 55250324 55250324 ASC 740 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 consolidated 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, 2022. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 33402572 FMV PROPERTY & EQUIPMENT 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 false false false false false false false false Chaouki Abdallah Director (end 8/24) 393268 8100 44647 25721 471736 Anthony Zivalich Vice President - REAL ESTATE 267603 56715 24842 349160 James G Fortner Treasurer (end 3/25) 294178 10810 61859 24180 391027 Tanesha Steward Secretary (end 11/24) 131148 569 26581 23637 181935 DAVID BRIDGES VICE PRESIDENT - INNOVATION 278065 26657 30616 335338 STEVEN MCLAUGHLIN DIRECTOR (end 4/25) 512699 85000 31878 21388 650965 KELLY MACARTHUR FORMER OFFICER 118992 481 25792 14432 159697 HOLLY SEEL Assistant Treasurer 118269 11873 26683 156825 JENNIFER BENTSON Assistant Treasurer 216137 19368 45624 19619 300748 SHANTAY BOLTON DIRECTOR (end 3/25) 489985 10800 31878 31697 564360 AMY HERRON FORMER OFFICER 195145 42498 33702 271345 GAIL SPATT FORMER OFFICER 112350 497 26857 39676 179380 KIM TOATLEY DIRECTOR 270512 11037 281549 TIMOTHY LIEUWEN DIRECTOR (BEG. 8/24) 363595 31878 34874 430347 KARIE DAVIS-NOZEMACK DIRECTOR (BEG. 6/25) 271269 26075 32751 330095 RAGHUPATHY SIVAKUMAR PRESIDENT (BEG. 2/25) 328680 99498 31878 31816 491872 A DEVELOPMENT AUTHORITY OF COBB COUNTY 521442239 190806EE5 2017-12-06 51211128 PURCHASE & IMPROVE GT COBB RESEARC false false false A 0 0 51849068 0 0 0 211128 0 0 51637940 0 0 2020 false false true true A false false false true true 0 false false false true A false false false true false false 0 false 0 false true A true Schedule K Part IV Line 2C DATE OF ISSUE OF 2017 BONDS IS DECEMBER 6. 2017. THESE BONDS FUNDED THE PURCHASE & IMPROVEMENT OF GEORGIA TECH COBB RESEARCH CAMPUS. THE DIFFERENCE BETWEEN ISSUE PRICE AND TOTAL PROCEEDS EQUALS $637,941 FOR INTEREST EARNED ON COST OF ISSUANCE FUND. The rebate computation was performed on 12/01/2022. Tech Square Ventures Tech Square Ventures/GATV Director 98341 RENT PAID TO GATV false Cyrano Systems Cyrano Systems/GATV Director 17467 RENT PAID TO GATV false Verady Verady/GATV Director 20160 RENT PAID TO GATV false Acivilate Acivilate/GATV Director 21517 RENT PAID TO GATV false SPEEDSCALE SPEEDSCALE/GATV DIRECTOR 28935 RENT PAID TO GATV false Cloverly Cloverly/GATV Director 74063 RENT PAID TO GATV false Turbine Logic Turbine Logic/Director 40300 RENT PAID TO GATV false WRIPPLE WRIPPLE/DIRECTOR 13327 RENT PAID TO GATV false Coastal Water Bio Coastal Water Bio/DIRECTOR 6464 RENT PAID TO GATV false part vi, question 7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA ADVANCED TECHNOLOGY VENTURES. part vi, question 11 AN OFFICER OF GEORGIA ADVANCED TECHNOLOGY VENTURES, INC. 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, QUESTION 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 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 SECRETARY 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. OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. PART VI, QUESTION 15 THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE GEORGIA INSTITUTE OF TECHNOLOGY EMPLOYEES AND ARE SUBJECT TO THE COMPENSATION GUIDELINES OF THE BOARD OF REGENTS. 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. GATV INC VLP1 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 8393270 23161315 GATV INC GATV INC VLP2 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 2907205 31251514 GATV INC GATV INC VLP3 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 1720117 19473883 GATV INC GATV INC TEP1 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 1137886 14294849 GATV INC GATV INC TEP2 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 -49 GATV INC GATV INC GEORGIA TECH INNOVATION FUND 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 SEED FUNDING GA 0 145950 GATV INC GATV INC VLP4 LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 371234 7814718 GATV INC GT REAL ESTATE SERVICES LLC 225 NORTH AVE LYMAN HALL ATLANTA GA 30332 460538913 REAL ESTATE GA 6199713 20562959 GATV INC ETHEL STREET LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 670487 7881394 GATV INC GEORGIA TECH COBB RESEARCH CAMPUS LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 26114536 59412893 GATV INC GEORGIA TECH COBB COUNTY INFRASTRUCTURE 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 0 GATV INC GEORGIA TECH COBB RESEARCH CAMPUS SOUTH 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 1319628 GATV INC GTATRIUM LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 TECH DEVELOP GA 0 31335 GATV INC GATV CROSSROADS LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 0 GATV INC GEORGIA TECH SAVANNAH LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 0 GATV INC NORTH AVENUE BRIDGES LLC 225 NORTH AVENUE LYMAN HALL ATLANTA GA 30332 582538285 REAL ESTATE GA 0 0 GATV INC Velocity404 LLC 221 Uncle Heinie Way Lyman Hall Atlanta GA 30332 582538285 startups GA 0 0 GATV INC GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 EDU/RESEARCH GA 115 6 SEE DETAIL false GEORGIA TECH FACILITIES INC 225 NORTH AVENUE NW ATLANTA GA 30332 521442293 RE DEVELOP GA 501(C)(3) 12A Georgia tech false SOUTHERN LIGHT RAIL inc 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 COMM SERVICES GA 501(C)(3) 7 Georgia tech false GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501(C)(3) 7 Georgia tech false HOME PARK LEARNING CENTER 225 north avenue nw ATLANTA GA 30332 582644893 CHILD CARE GA 501(C)(3) 12a Georgia tech false GEORGIA TECH RESEARCH CORPORATION 926 DALNEY ST NW ATLANTA GA 30332 580603146 SPON RESEARCH GA 501(C)(3) 12c Georgia tech false GEORGIA TECH APPLIED RESEARCH CORPORATIO 926 DALNEY ST NW ATLANTA GA 30332 582374837 SPON RESEARCH GA 501(C)(3) 12c GEORGIA TECH false GEORGIA TECH GLOBAL INC 225 north avenue nw ATLANTA GA 30332 271070747 SUPPORT EDU GA 501(C)(3) 12a Georgia tech true Global Center for medical innovation inc 575 14TH STREET NW atlanta GA 30332 264723391 MED DEV SUPP GA 501(c)(3) 7 Georgia tech false GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDG 2ND FL EAST 54 ST PANAMA CITY PM GLOBAL SUPPOR PM 501(c)(3) N/A GT GLOBAL false false true false false false false false false false true false false true true true false true true true GEORGIA INSTITUTE OF TECHNOLOGY B 33402572 COST GEORGIA INSTITUTE OF TECHNOLOGY J 15419917 COST GEORGIA INSTITUTE OF TECHNOLOGY M 702414 COST GEORGIA INSTITUTE OF TECHNOLOGY Q 1420749 COST GEORGIA INSTITUTE OF TECHNOLOGY R 2700 COST GEORGIA INSTITUTE OF TECHNOLOGY S 20000 COST SCHEDULE R, PART II GEORGIA TECH INSTITUTE OF TECHNOLOGY - (EIN: 58-6002023) NAME OF DIRECT CONTROLLING ENTITY: THE BOARD OF REGENTS OF THE USG