2023-05-15T14:48:26-05:00 2022-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2021-07-01 580622514 GEORGIA TECH ATHLETIC ASSOCIATION GEOR 4048945400 150 BOBBY DODD WAY NW ATLANTA GA 303320455 DR MICHAEL SHANNON TREASURER 4048945400 2023-05-15 1 DR MICHAEL SHANNON 999009999 KEN KURDZIEL P00060407 3523781331 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR MICHAEL SHANNON 150 BOBBY DODD WAY NW ATLANTA GA 303320455 94187469 0 X WWW.RAMBLINWRECK.COM X 1934 GA THE 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. 22 9 0 11 1250000 0 19497573 15222727 58805624 76557750 628015 757834 561045 1649158 79492257 94187469 11727853 13675197 0 0 29440104 34428228 0 0 993374 47402120 60748292 88570077 108851717 -9077820 -14664248 397031896 372240569 301587720 294713467 95444176 77527102 X THE 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. 0 0 47995731 19289386 SPORT SPECIFIC ATHLETIC ACTIVITIES 40959204 56018364 DIRECT SUPPORT ACTIVITIES FOR ATHLETIC PROGRAMS INCLUDING FACILITIES MAINTENANCE AND ENHANCEMENTS. 13675197 13675197 GRANTS / SCHOLARSHIPS. 451 SCHOLARSHIPS WERE GIVEN DURING THE CURRENT YEAR. 102630132 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 239 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X BRAD STRICKLIN 4709279318 150 BOBBY DODD WAY NW ATLANTA GA 303320455 ANGEL CABRERA PRESIDENT 1.00 40.00 X X 0 661851 356374 BARATUNDE COLA VICE CHAIR 1.00 40.00 X X 0 89482 41798 MITCHELL WALKER SECRETARY 1.00 40.00 X X 0 199296 44855 KELLY FOX TREASURER 1.00 40.00 X X 0 448793 130828 WILLIE BELTON TRUSTEE 1.00 40.00 X 0 140175 32080 JONATHAN CLARKE TRUSTEE 1.00 40.00 X 0 423128 56114 KAYE HUSBANDS FEALING TRUSTEE 1.00 X 0 0 0 MARY MCDONALD TRUSTEE 1.00 40.00 X 0 161249 24689 LESLIE SHARP TRUSTEE 1.00 40.00 X 0 249175 35302 MINDY MILLARD-STAFFORD TRUSTEE 1.00 40.00 X 0 150874 36537 ALEX GRADY ALUMNI 1.00 X 0 0 0 DAVID RUDOLPH ALUMNI 1.00 X 0 0 0 PAUL SHAILENDRA ALUMNI 1.00 X 0 0 0 TYLER TOWNSEND ALUMNI 1.00 X 0 0 0 STEPHEN EICK STUDENT 1.00 40.00 X 0 35294 0 SAMUEL ELLIS STUDENT 1.00 X 0 0 0 NICOLE FEGANS STUDENT 1.00 X 0 0 0 NELL FORTNER HEAD WB COACH 40.00 X 342423 405433 36119 JOSH PASTNER HEAD BB COACH 40.00 X 1812480 494375 53279 WILLIAM COLLINS HEAD FB COACH 40.00 X 2850003 667837 55679 TODD STANSBURY DIRECTOR OF ATHLETICS 40.00 X 133299 523982 47999 MICHAEL ANDERSON FORMER OFFICER 0.00 40.00 X 0 107400 60416 JAMES FORTNER FORMER OFFICER 0.00 40.00 X 0 274346 97642 STEVEN SWANT FORMER OFFICER 0.00 40.00 X 0 126124 0 DEBORAH TURNER FORMER OFFICER 0.00 40.00 X 0 243701 53535 WILLIAM TODD FORMER OFFICER 0.00 40.00 X 0 143811 22444 5138205 5546326 1185690 4 1 1 0 WILMER HALE 1875 PENNSYLVANIA AVENUE NW WASHINGTON DC 20006 LEGAL FEES 540955 PAUL JOHNSON CONSULTING INC 401 17TH STREET NW 1201 ATLANTA GA 30363 SEVERANCE 250000 HOMER RICE PO BOX 422298 ATLANTA GA 30342 FUNDRAISING- FORMER ATHLETIC DIRECTOR 120000 JACKSON LEWIS PC PO BOX 416019 BOSTON MA 02241 LEGAL FEES 111282 4 15222727 15222727 ATHLETIC ACTIVITIES 711210 74057750 74057750 RADIO BROADCASTING 515100 2500000 1250000 1250000 76557750 757834 757834 OTHER REVENUE 711210 1610872 1610872 HANDLING CHARGES 711210 38286 38286 1649158 94187469 75307750 1250000 2406992 13675197 13675197 705281 141056 423169 141056 25586509 23575889 1858839 151781 8136438 7746392 340565 49481 789736 786922 2814 71100 71100 120000 12000 108000 548599 219214 316197 13188 770724 745211 24474 1039 18723025 18536871 184468 1686 5665054 5598178 55315 11561 180785 150995 29790 474671 474671 9009197 9009197 1000540 1000540 ATHLETIC ACTIVITIES 9677267 9677267 EVENTS 6728081 6728081 GUARANTEES 3050064 3050064 RECRUITING 1929553 1929553 2009896 1360296 136832 512768 108851717 102630132 5228211 993374 256466 135747 5400914 1204738 11398428 8042489 12633926 15067879 1616257 670586 289404971 119250331 159386101 170154640 174570771 163627731 437180 387193 31331853 12949566 397031896 372240569 5848816 4613634 542091 718407 66495000 79365000 188986826 186276985 1675403 1081473 38039584 22657968 301587720 294713467 X -81894042 -88809193 177338218 166336295 95444176 77527102 397031896 372240569 -14664248 -3252826 0 X X 0 1 X 1 0 X 16469607 24239832 26859627 19497573 15222727 102289366 16469607 24239832 26859627 19497573 15222727 102289366 2544712 99744654 343360 593980 622051 628015 757834 2945240 2150582 1303157 483653 561045 1649158 6147595 111382201 327010717 0.89550 0.90680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 169108517 11288974 -2460657 17831228 742181 159363425 110095282 30043669 43951662 14380370 601726 169108517 108299696 12224064 1727936 11593400 563014 110095282 109095500 12385672 7227946 19852058 557364 108299696 105608505 9210842 10073021 15254703 542165 109095500 0.00730 0.42790 0.56480 1 0 9218600 9218600 272352998 114397371 157955627 7833373 4852960 2980413 170154640 DEPOSITS 9274800 DUE TO RELATED PARTIES 2383168 LINE OF CREDIT 11000000 22657968 X 90934643 -3252826 -3252826 94187469 0 94187469 108851717 0 108851717 0 108851717 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. 1 ATHLETIC SCHOLARSHIPS 451 13675197 PART I, LINE 2: ALL 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. X X X X 1 1 0 1 0 0 0 0 0 0 0 WILLIAM COLLINS HEAD FB COACH 2850003 302237 0 350000 0 15600 0 26796 0 28883 2850003 723516 0 0 JOSH PASTNER HEAD BB COACH 1812480 301825 0 175000 0 17550 0 26796 0 26483 1812480 547654 0 0 ANGEL CABRERA PRESIDENT 0 618396 0 0 0 43455 0 326796 0 29578 0 1018225 0 0 NELL FORTNER HEAD WB COACH 342423 309833 0 80000 0 15600 0 26796 0 9323 342423 441552 0 0 TODD STANSBURY DIRECTOR OF ATHLETICS 133299 440640 0 0 0 83342 0 26796 0 21203 133299 571981 0 0 KELLY FOX TREASURER 0 437993 0 0 0 10800 0 101796 0 29032 0 579621 0 0 JONATHAN CLARKE TRUSTEE 0 247706 0 0 0 175422 0 26796 0 29318 0 479242 0 0 JAMES FORTNER FORMER OFFICER 0 273802 0 0 0 544 0 54998 0 42644 0 371988 0 0 DEBORAH TURNER FORMER OFFICER 0 145989 0 0 0 97712 0 19261 0 34274 0 297236 0 0 LESLIE SHARP TRUSTEE 0 248975 0 0 0 200 0 23562 0 11740 0 284477 0 0 MITCHELL WALKER SECRETARY 0 186253 0 0 0 13043 0 19275 0 25580 0 244151 0 0 MINDY MILLARD-STAFFORD TRUSTEE 0 111536 0 0 0 39338 0 14539 0 21998 0 187411 0 0 MARY MCDONALD TRUSTEE 0 131253 0 0 0 29996 0 15244 0 9445 0 185938 0 0 WILLIE BELTON TRUSTEE 0 125904 0 0 0 14271 0 13335 0 18745 0 172255 0 0 MICHAEL ANDERSON FORMER OFFICER 0 103290 0 1238 0 2872 0 22461 0 37955 0 167816 0 0 WILLIAM TODD FORMER OFFICER 0 142811 0 1000 0 0 0 13495 0 8949 0 166255 0 0 STEVEN SWANT FORMER OFFICER 0 0 0 0 0 126124 0 0 0 0 0 126124 0 126124 PART I, LINE 4B FOUR 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 1A PRIVATE 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. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900L96 2011-02-28 88775000 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 1 0 0 B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900Y27 2012-03-01 110112093 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 1 0 0 C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FEE1 2019-08-29 41322649 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 0 0 0 A 7080000 88775000 6960957 1049631 59848951 20915461 2012 1 0 1 1 B 30615000 110112093 577292 807991 12000000 96726041 2013 1 0 1 1 C 41322649 442906 221974 10000000 30657769 2019 1 0 0 0 A 0 1 0 0 0.00180 0.00180 0 0 1 B 0 1 0 0 0.00180 0.00180 0 0 1 C 0 1 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C EACH 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 15 COMPENSATION IS DECIDED BY THE GEORGIA INSTITUTE OF TECHNOLOGY. FORM 990, PART VI, SECTION C, LINE 19 THE 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. GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 EDUCATION GA 115 BOARD OF REGENTS OF THE USG 0 GEORGIA TECH RESEARCH CORPORATION 926 DALNEY STREET ATLANTA GA 30332 580603146 SPONSORED RESEARCH GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH APPLIED RESEARCH CORPORATION 926 DALNEY STREET ATLANTA GA 30332 582374837 SPONSORED RESEARCH GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA ADVANCED TECHNOLOGY VENTURES INC 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECONOMIC DEVELOPMENT GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH FACILITIES INC 225 NORTH AVENUE NW ATLANTA GA 30332 521442293 CONSTRUCTION GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH GLOBAL INC 225 NORTH AVENUE NW ATLANTA GA 30332 271010747 SUPPORT EDUCATION GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 HOME PARK LEARNING CENTER INC 500 TECH PARKWAY ATLANTA GA 30332 582644893 CHILD CARE GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 SOUTHERN LIGHT RAIL INC 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 COMMUNCATION SERVICES GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDTG 2ND FLOOR EAST 54TH PANAMA CITY PM GLOBAL SUPPORT PM 501(C)(3) GEORGIA TECH GLOBAL INC 0 GLOBAL CENTER FOR MEDICAL INNOVATION INC 575 14TH STREET NW ATLANTA GA 30318 264723391 MEDICAL DEVICE SUPPORT GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 SHENZHEN GEORGIA TECH FDN FOR EDUCATION ROOM 706 TOWER A SCC FIRST HAIDE SHENZHEN CH GLOBAL SUPPORT CH 501(C)(3) GEORGIA INSTITUTE OF TECHNOLOGY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 GEORGIA INSTITUTE OF TECHNOLOGY P 18411127 CASH PAID GEORGIA INSTITUTE OF TECHNOLOGY Q 6024950 CASH RECEIVED