GEORGIA TECH ATHLETIC ASSOCIATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GEORGIA TECH ATHLETIC ASSOCIATION (EIN 58-0622514)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202321359349310472
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T14:48:26-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593204548PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES MOORE & CO PLBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15931 NW 1ST PLACEAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationFLStateAbbreviationCd
ZIP326072063ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN580622514EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA TECH ATHLETIC ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone4048945400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1150 BOBBY DODD WAY NWAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303320455ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR MICHAEL SHANNONPersonNm
Person TitleTREASURERPersonTitleTxt
Phone4048945400PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDRPersonFirstNm
Person LastMICHAEL SHANNONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEN KURDZIELPreparerPersonNm
PTINP00060407PTIN
Phone3523781331PhoneNum
Preparation2023-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDR MICHAEL SHANNONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1150 BOBBY DODD WAY NWAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303320455ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$94,187,469GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RAMBLINWRECK.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1934FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTHE GEORGIA TECH ATHLETIC ASSOCIATION FORMS THE FRONT PORCH OF THE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) AND SERVES AS A GATHERING PLACE FOR STUDENTS, ALUMNI, FANS AND FRIENDS. WE PROVIDE OUR STUDENT-ATHLETES WITH THE OPPORTUNITY FOR ACADEMIC AND ATHLETIC SUCCESS AND PERSONAL GROWTH. WE PROMOTE DIVERSITY AND EQUITY. THE INTEGRITY OF OUR MISSION IS ENHANCED BY OUR COMMITMENT TO ADHERENCE TO THE RULES OF THE INSTITUTE, THE ATLANTIC COAST CONFERENCE AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. THIS ENVIRONMENT WE CREATE ALLOWS OUR STUDENT-ATHLETES TO COMPETE AT THE HIGHEST LEVELS, AND CREATES ENJOYMENT FOR OUR SUPPORTERS. WE EMBRACE OUR PROUD TRADITIONS AND STRIVE TO ENHANCE THE FUTURE OPPORTUNITIES FOR OUR STUDENT-ATHLETES, COACHES, AND STAFF.ActivityOrMissionDesc
Voting Members Governing Body22VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$1,250,000TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$19,497,573PYContributionsGrantsAmt
CY Contributions Grants$15,222,727CYContributionsGrantsAmt
PY Program Service Revenue$58,805,624PYProgramServiceRevenueAmt
CY Program Service Revenue$76,557,750CYProgramServiceRevenueAmt
PY Investment Income$628,015PYInvestmentIncomeAmt
CY Investment Income$757,834CYInvestmentIncomeAmt
PY Other Revenue$561,045PYOtherRevenueAmt
CY Other Revenue$1,649,158CYOtherRevenueAmt
PY Total Revenue$79,492,257PYTotalRevenueAmt
CY Total Revenue$94,187,469CYTotalRevenueAmt
PY Grants And Similar Paid$11,727,853PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$13,675,197CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$29,440,104PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$34,428,228CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$993,374CYTotalFundraisingExpenseAmt
PY Other Expenses$47,402,120PYOtherExpensesAmt
CY Other Expenses$60,748,292CYOtherExpensesAmt
PY Total Expenses$88,570,077PYTotalExpensesAmt
CY Total Expenses$108,851,717CYTotalExpensesAmt
PY Revenues Less Expenses-$9,077,820PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$14,664,248CYRevenuesLessExpensesAmt
Total Assets BOY$397,031,896TotalAssetsBOYAmt
Total Assets EOY$372,240,569TotalAssetsEOYAmt
Total Liabilities BOY$301,587,720TotalLiabilitiesBOYAmt
Total Liabilities EOY$294,713,467TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$95,444,176NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$77,527,102NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PRIMARY PURPOSE OF THE ASSOCIATION IS TO PROMOTE THE EDUCATIONAL PROGRAMS OF GEORGIA TECH THROUGH STUDENT BODY PARTICIPATION IN "HEALTHFUL EXERCISES, RECREATIONS, ATHLETIC GAMES AND CONTESTS". THE ASSOCIATION "DEVELOPS THE YOUNG PEOPLE WHO WILL CHANGE THE WORLD". ITS MISSION IS TO "INSPIRE AND EMPOWER STUDENT-ATHLETES TO BE CHAMPIONS IN ACADEMICS, COMPETITION, AND LIFE" WHILE EMPHASIZING FOUR CORE VALUES EXCELLENCE, INNOVATION, TEAMWORK, AND CHARACTER.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$47,995,731ExpenseAmt
Revenue$19,289,386RevenueAmt
DescSPORT SPECIFIC ATHLETIC ACTIVITIESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$40,959,204ExpenseAmt
Revenue$56,018,364RevenueAmt
DescDIRECT SUPPORT ACTIVITIES FOR ATHLETIC PROGRAMS INCLUDING FACILITIES MAINTENANCE AND ENHANCEMENTS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$13,675,197ExpenseAmt
Grant$13,675,197GrantAmt
DescGRANTS / SCHOLARSHIPS. 451 SCHOLARSHIPS WERE GIVEN DURING THE CURRENT YEAR.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$102,630,132TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document239IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBRAD STRICKLINPersonNm
Phone4709279318PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1150 BOBBY DODD WAY NWAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303320455ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
ANGEL CABRERA
PRESIDENT1.0040.00Yes (X)Yes (X)$0$661,851$356,374
BARATUNDE COLA
VICE CHAIR1.0040.00Yes (X)Yes (X)$0$89,482$41,798
MITCHELL WALKER
SECRETARY1.0040.00Yes (X)Yes (X)$0$199,296$44,855
KELLY FOX
TREASURER1.0040.00Yes (X)Yes (X)$0$448,793$130,828
WILLIE BELTON
TRUSTEE1.0040.00Yes (X)$0$140,175$32,080
JONATHAN CLARKE
TRUSTEE1.0040.00Yes (X)$0$423,128$56,114
KAYE HUSBANDS FEALING
TRUSTEE1.00Yes (X)$0$0$0
MARY MCDONALD
TRUSTEE1.0040.00Yes (X)$0$161,249$24,689
LESLIE SHARP
TRUSTEE1.0040.00Yes (X)$0$249,175$35,302
MINDY MILLARD-STAFFORD
TRUSTEE1.0040.00Yes (X)$0$150,874$36,537
ALEX GRADY
ALUMNI1.00Yes (X)$0$0$0
DAVID RUDOLPH
ALUMNI1.00Yes (X)$0$0$0
PAUL SHAILENDRA
ALUMNI1.00Yes (X)$0$0$0
TYLER TOWNSEND
ALUMNI1.00Yes (X)$0$0$0
STEPHEN EICK
STUDENT1.0040.00Yes (X)$0$35,294$0
SAMUEL ELLIS
STUDENT1.00Yes (X)$0$0$0
NICOLE FEGANS
STUDENT1.00Yes (X)$0$0$0
NELL FORTNER
HEAD WB COACH40.00$342,423$405,433$36,119Yes (X)
JOSH PASTNER
HEAD BB COACH40.00$1,812,480$494,375$53,279Yes (X)
WILLIAM COLLINS
HEAD FB COACH40.00$2,850,003$667,837$55,679Yes (X)
TODD STANSBURY
DIRECTOR OF ATHLETICS40.00$133,299$523,982$47,999Yes (X)
MICHAEL ANDERSON
FORMER OFFICER0.0040.00$0$107,400$60,416Yes (X)
JAMES FORTNER
FORMER OFFICER0.0040.00$0$274,346$97,642Yes (X)
STEVEN SWANT
FORMER OFFICER0.0040.00$0$126,124$0Yes (X)
DEBORAH TURNER
FORMER OFFICER0.0040.00$0$243,701$53,535Yes (X)
WILLIAM TODD
FORMER OFFICER0.0040.00$0$143,811$22,444Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,138,205TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$5,546,326TotReportableCompRltdOrgAmt
Total Other Compensation$1,185,690TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
WILMER HALE
1875 PENNSYLVANIA AVENUE NWWASHINGTONDC20006LEGAL FEES$540,955
PAUL JOHNSON CONSULTING INC
401 17TH STREET NW 1201ATLANTAGA30363SEVERANCE$250,000
HOMER RICE
PO BOX 422298ATLANTAGA30342FUNDRAISING- FORMER ATHLETIC DIRECTOR$120,000
JACKSON LEWIS PC
PO BOX 416019BOSTONMA02241LEGAL FEES$111,282
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
All Other Contributions$15,222,727AllOtherContributionsAmt
Total Contributions$15,222,727TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
ATHLETIC ACTIVITIES711210$74,057,750$74,057,750
RADIO BROADCASTING515100$2,500,000$1,250,000$1,250,000
FieldValueIRS element (for citing)
Total Program Service Revenue$76,557,750TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$757,834TotalRevenueColumnAmt
Exclusion$757,834ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
OTHER REVENUE711210$1,610,872$1,610,872
HANDLING CHARGES711210$38,286$38,286
FieldValueIRS element (for citing)
Other Revenue Total$1,649,158OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$94,187,469TotalRevenueColumnAmt
Related Or Exempt Func Income$75,307,750RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,250,000UnrelatedBusinessRevenueAmt
Exclusion$2,406,992ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$13,675,197TotalAmt
Program Services$13,675,197ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$705,281TotalAmt
Program Services$141,056ProgramServicesAmt
Management And General$423,169ManagementAndGeneralAmt
Fundraising$141,056FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$25,586,509TotalAmt
Program Services$23,575,889ProgramServicesAmt
Management And General$1,858,839ManagementAndGeneralAmt
Fundraising$151,781FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$8,136,438TotalAmt
Program Services$7,746,392ProgramServicesAmt
Management And General$340,565ManagementAndGeneralAmt
Fundraising$49,481FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$789,736TotalAmt
Management And General$786,922ManagementAndGeneralAmt
Fundraising$2,814FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$71,100TotalAmt
Management And General$71,100ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$120,000TotalAmt
Program Services$12,000ProgramServicesAmt
Fundraising$108,000FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$548,599TotalAmt
Program Services$219,214ProgramServicesAmt
Management And General$316,197ManagementAndGeneralAmt
Fundraising$13,188FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$770,724TotalAmt
Program Services$745,211ProgramServicesAmt
Management And General$24,474ManagementAndGeneralAmt
Fundraising$1,039FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$18,723,025TotalAmt
Program Services$18,536,871ProgramServicesAmt
Management And General$184,468ManagementAndGeneralAmt
Fundraising$1,686FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,665,054TotalAmt
Program Services$5,598,178ProgramServicesAmt
Management And General$55,315ManagementAndGeneralAmt
Fundraising$11,561FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$180,785TotalAmt
Program Services$150,995ProgramServicesAmt
Management And General$29,790ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$474,671TotalAmt
Program Services$474,671ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$9,009,197TotalAmt
Program Services$9,009,197ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,000,540TotalAmt
Management And General$1,000,540ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
ATHLETIC ACTIVITIES$9,677,267$9,677,267
EVENTS$6,728,081$6,728,081
GUARANTEES$3,050,064$3,050,064
RECRUITING$1,929,553$1,929,553

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,009,896TotalAmt
Program Services$1,360,296ProgramServicesAmt
Management And General$136,832ManagementAndGeneralAmt
Fundraising$512,768FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$108,851,717TotalAmt
Program Services$102,630,132ProgramServicesAmt
Management And General$5,228,211ManagementAndGeneralAmt
Fundraising$993,374FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$256,466BOYAmt
EOY$135,747EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,400,914BOYAmt
EOY$1,204,738EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$11,398,428BOYAmt
EOY$8,042,489EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$12,633,926BOYAmt
EOY$15,067,879EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,616,257BOYAmt
EOY$670,586EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$289,404,971LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$119,250,331LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$159,386,101BOYAmt
EOY$170,154,640EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$174,570,771BOYAmt
EOY$163,627,731EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$437,180BOYAmt
EOY$387,193EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$31,331,853BOYAmt
EOY$12,949,566EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$397,031,896BOYAmt
EOY$372,240,569EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,848,816BOYAmt
EOY$4,613,634EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$542,091BOYAmt
EOY$718,407EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$66,495,000BOYAmt
EOY$79,365,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$188,986,826BOYAmt
EOY$186,276,985EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$1,675,403BOYAmt
EOY$1,081,473EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$38,039,584BOYAmt
EOY$22,657,968EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$301,587,720BOYAmt
EOY$294,713,467EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$81,894,042BOYAmt
EOY-$88,809,193EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$177,338,218BOYAmt
EOY$166,336,295EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$95,444,176BOYAmt
EOY$77,527,102EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$397,031,896BOYAmt
EOY$372,240,569EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$14,664,248ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$3,252,826NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,469,607CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,239,832CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$26,859,627CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,497,573CurrentTaxYearMinus1YearAmt
Current Tax Year$15,222,727CurrentTaxYearAmt
Total$102,289,366TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,469,607CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24,239,832CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$26,859,627CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$19,497,573CurrentTaxYearMinus1YearAmt
Current Tax Year$15,222,727CurrentTaxYearAmt
Total$102,289,366TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,544,712SubstantialContributorsTotAmt
Public Support Total170$99,744,654PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$343,360CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$593,980CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$622,051CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$628,015CurrentTaxYearMinus1YearAmt
Current Tax Year$757,834CurrentTaxYearAmt
Total$2,945,240TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,150,582CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,303,157CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$483,653CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$561,045CurrentTaxYearMinus1YearAmt
Current Tax Year$1,649,158CurrentTaxYearAmt
Total$6,147,595TotalAmt
FieldValueIRS element (for citing)
Total Support$111,382,201TotalSupportAmt
Gross Receipts Rltd Activities$327,010,717GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89550PublicSupportCY170Pct
Public Support PY1700.90680PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$169,108,517BeginningYearBalanceAmt
Contributions$11,288,974ContributionsAmt
Investment Earnings Or Losses-$2,460,657InvestmentEarningsOrLossesAmt
Other Expenditures$17,831,228OtherExpendituresAmt
Administrative Expenses$742,181AdministrativeExpensesAmt
End Year Balance$159,363,425EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$110,095,282BeginningYearBalanceAmt
Contributions$30,043,669ContributionsAmt
Investment Earnings Or Losses$43,951,662InvestmentEarningsOrLossesAmt
Other Expenditures$14,380,370OtherExpendituresAmt
Administrative Expenses$601,726AdministrativeExpensesAmt
End Year Balance$169,108,517EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$108,299,696BeginningYearBalanceAmt
Contributions$12,224,064ContributionsAmt
Investment Earnings Or Losses$1,727,936InvestmentEarningsOrLossesAmt
Other Expenditures$11,593,400OtherExpendituresAmt
Administrative Expenses$563,014AdministrativeExpensesAmt
End Year Balance$110,095,282EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$109,095,500BeginningYearBalanceAmt
Contributions$12,385,672ContributionsAmt
Investment Earnings Or Losses$7,227,946InvestmentEarningsOrLossesAmt
Other Expenditures$19,852,058OtherExpendituresAmt
Administrative Expenses$557,364AdministrativeExpensesAmt
End Year Balance$108,299,696EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$105,608,505BeginningYearBalanceAmt
Contributions$9,210,842ContributionsAmt
Investment Earnings Or Losses$10,073,021InvestmentEarningsOrLossesAmt
Other Expenditures$15,254,703OtherExpendituresAmt
Administrative Expenses$542,165AdministrativeExpensesAmt
End Year Balance$109,095,500EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00730BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.42790PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.56480TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,218,600OtherCostOrOtherBasisAmt
Book Value$9,218,600BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$272,352,998OtherCostOrOtherBasisAmt
Depreciation$114,397,371DepreciationAmt
Book Value$157,955,627BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,833,373OtherCostOrOtherBasisAmt
Depreciation$4,852,960DepreciationAmt
Book Value$2,980,413BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$170,154,640TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DEPOSITS$9,274,800
DUE TO RELATED PARTIES$2,383,168
LINE OF CREDIT$11,000,000
FieldValueIRS element (for citing)
Total Liability$22,657,968TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$90,934,643TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$3,252,826NetUnrealizedGainsInvstAmt
Revenue Not Reported-$3,252,826RevenueNotReportedAmt
Revenue Subtotal$94,187,469RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$94,187,469TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$108,851,717TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$108,851,717ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$108,851,717TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE PROGRAM ACTIVITIES OF THE GEORGIA TECH ATHLETIC ASSOCIATION.
PART X, LINE 2:MANAGEMENT OF THE ASSOCIATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE ASSOCIATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ASSOCIATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE ASSOCIATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeATHLETIC SCHOLARSHIPSGrantTypeTxt
Recipient451RecipientCnt
Cash Grant$13,675,197CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationALL ATHLETIC AID IS MONITORED THROUGH THE COMPLIANCE AND FINANCIAL AID OFFICES. AFTER FINANCIAL AID IS AWARDED, STUDENTS ARE MONITORED FOR ACADEMIC AS WELL AS NCAA COMPLIANCE BEFORE RECEIVING AWARD.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
WILLIAM COLLINS
HEAD FB COACH$2,850,003$302,237$0$350,000$0$15,600$0$26,796$0$28,883$2,850,003$723,516$0$0
JOSH PASTNER
HEAD BB COACH$1,812,480$301,825$0$175,000$0$17,550$0$26,796$0$26,483$1,812,480$547,654$0$0
ANGEL CABRERA
PRESIDENT$0$618,396$0$0$0$43,455$0$326,796$0$29,578$0$1,018,225$0$0
NELL FORTNER
HEAD WB COACH$342,423$309,833$0$80,000$0$15,600$0$26,796$0$9,323$342,423$441,552$0$0
TODD STANSBURY
DIRECTOR OF ATHLETICS$133,299$440,640$0$0$0$83,342$0$26,796$0$21,203$133,299$571,981$0$0
KELLY FOX
TREASURER$0$437,993$0$0$0$10,800$0$101,796$0$29,032$0$579,621$0$0
JONATHAN CLARKE
TRUSTEE$0$247,706$0$0$0$175,422$0$26,796$0$29,318$0$479,242$0$0
JAMES FORTNER
FORMER OFFICER$0$273,802$0$0$0$544$0$54,998$0$42,644$0$371,988$0$0
DEBORAH TURNER
FORMER OFFICER$0$145,989$0$0$0$97,712$0$19,261$0$34,274$0$297,236$0$0
LESLIE SHARP
TRUSTEE$0$248,975$0$0$0$200$0$23,562$0$11,740$0$284,477$0$0
MITCHELL WALKER
SECRETARY$0$186,253$0$0$0$13,043$0$19,275$0$25,580$0$244,151$0$0
MINDY MILLARD-STAFFORD
TRUSTEE$0$111,536$0$0$0$39,338$0$14,539$0$21,998$0$187,411$0$0
MARY MCDONALD
TRUSTEE$0$131,253$0$0$0$29,996$0$15,244$0$9,445$0$185,938$0$0
WILLIE BELTON
TRUSTEE$0$125,904$0$0$0$14,271$0$13,335$0$18,745$0$172,255$0$0
MICHAEL ANDERSON
FORMER OFFICER$0$103,290$0$1,238$0$2,872$0$22,461$0$37,955$0$167,816$0$0
WILLIAM TODD
FORMER OFFICER$0$142,811$0$1,000$0$0$0$13,495$0$8,949$0$166,255$0$0
STEVEN SWANT
FORMER OFFICER$0$0$0$0$0$126,124$0$0$0$0$0$126,124$0$126,124

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4BFOUR GEORGIA INSTITUTE OF TECHNOLOGY SENIOR ADMINISTRATORS EITHER CURRENTLY OR PREVIOUSLY SERVED AS TRUSTEES AND OFFICERS OF THE ORGANIZATION AND PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN STRUCTURED UNDER IRC 415(M) WHILE EMPLOYED BY THE INSTITUTE. CONTRIBUTIONS TO THE PLAN IN 2021 WERE FUNDED BY THE INSTITUTE AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II COLUMN C: DEFERRED COMPENSATION. CONTRIBUTIONS WERE AS FOLLOWS: ANGEL CABRERA, PRESIDENT OF GIT $268,000 KELLY FOX, EXECUTIVE VP FINANCE GIT $43,000 JAMES FORTNER, VP FINANCE AND PLANNING GIT $0 STEVEN SWANT, FORMER EXECUTIVE VP FINANCE GIT $0
SCHEDULE J, LINE 1APRIVATE AIRCRAFT ARE USED ONLY IN THOSE SITUATIONS WHEN ORGANIZATIONS'S DIRECTORS, OFFICERS OR COACHES MUST MAKE FUND-RAISING OR RECRUITING TRIPS TO A LOCATION BEST ACCESSED BY SUCH PLANES OR WHEN THE SCHEDULING OF A FUNDRAISING TRIP PROHIBITS COMMERCIAL TRAVEL. TRAVEL IS PROVIDED FOR COMPANIONS OF ORGANIZATION DIRECTORS OR OFFICERS WHEN A BONA FIDE BUSINESS PURPOSE EXISTS.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
DEVELOPMENT AUTHORITY OF FULTON COUNTY
A581506878359900L962011-02-28$88,775,000TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECHYes (1)00
DEVELOPMENT AUTHORITY OF FULTON COUNTY
B581506878359900Y272012-03-01$110,112,093TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECHYes (1)00
DEVELOPMENT AUTHORITY OF FULTON COUNTY
C58150687836005FEE12019-08-29$41,322,649TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$7,080,000$88,775,000$6,960,957$1,049,631$59,848,951$20,915,4612012Yes (1)0Yes (1)Yes (1)
B$30,615,000$110,112,093$577,292$807,991$12,000,000$96,726,0412013Yes (1)0Yes (1)Yes (1)
C$41,322,649$442,906$221,974$10,000,000$30,657,7692019Yes (1)000

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A0Yes (1)000.001800.0018000Yes (1)
B0Yes (1)000.001800.0018000Yes (1)
C0Yes (1)0000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueInd
AYes (1)0000Yes (1)
BYes (1)0000Yes (1)
C00000Yes (1)Yes (1)00

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE COMPLETED FORM 990 WILL BE REVIEWED BY THE ORGANIZATION'S CFO, CEO AND SIGNED OFF ON BY THE TREASURER OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CEACH TRUSTEE, PRICIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. IN ADDITION, THE ASSOCIATION FOLLOWS THE GUIDELINES OUTLINED IN THEIR CONFLICT OF INTEREST POLICY WITH REGARDS TO MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION IS DECIDED BY THE GEORGIA INSTITUTE OF TECHNOLOGY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
FORM 990 PART XI, LINE 2C:THE PROCESS FOR THE SELECTION AND RETENTION OF THE INDEPENDENT AUDITOR HAS REMAINED CONSISTENT WITH THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxtAddress Line1ForeignAddress/AddressLine1TxtProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
GEORGIA INSTITUTE OF TECHNOLOGY
225 NORTH AVENUE NWATLANTAGA30332586002023EDUCATIONGA115BOARD OF REGENTS OF THE USG0
GEORGIA TECH RESEARCH CORPORATION
926 DALNEY STREETATLANTAGA30332580603146SPONSORED RESEARCHGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12C, III-FI
GEORGIA TECH APPLIED RESEARCH CORPORATION
926 DALNEY STREETATLANTAGA30332582374837SPONSORED RESEARCHGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12C, III-FI
GEORGIA ADVANCED TECHNOLOGY VENTURES INC
225 NORTH AVENUE NWATLANTAGA30332582538285ECONOMIC DEVELOPMENTGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12A, I
GEORGIA TECH FACILITIES INC
225 NORTH AVENUE NWATLANTAGA30332521442293CONSTRUCTIONGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12A, I
GEORGIA TECH GLOBAL INC
225 NORTH AVENUE NWATLANTAGA30332271010747SUPPORT EDUCATIONGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12A, I
HOME PARK LEARNING CENTER INC
500 TECH PARKWAYATLANTAGA30332582644893CHILD CAREGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 12A, I
SOUTHERN LIGHT RAIL INC
225 NORTH AVENUE NWATLANTAGA30332300240711COMMUNCATION SERVICESGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 7
GEORGIA TECH PANAMA FOUNDATION
GLOBAL SUPPORT501(C)(3)GEORGIA TECH GLOBAL INC0MOSSFON BLDTG 2ND FLOOR EAST 54THPANAMA CITYPMPM
GLOBAL CENTER FOR MEDICAL INNOVATION INC
575 14TH STREET NWATLANTAGA30318264723391MEDICAL DEVICE SUPPORTGA501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0LINE 7
SHENZHEN GEORGIA TECH FDN FOR EDUCATION
GLOBAL SUPPORT501(C)(3)GEORGIA INSTITUTE OF TECHNOLOGY0ROOM 706 TOWER A SCC FIRST HAIDESHENZHENCHCH
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GEORGIA INSTITUTE OF TECHNOLOGY
P$18,411,127CASH PAID
GEORGIA INSTITUTE OF TECHNOLOGY
Q$6,024,950CASH RECEIVED

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