FURP.ORG / PUBLIC DATA EXPLORER

GEORGIA ADVANCED TECHNOLOGY VENTURES INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GEORGIA ADVANCED TECHNOLOGY VENTURES INC (EIN 58-2538285)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-12
IRS object ID
202341329349309149
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)
Return2023-05-12T22:42:15-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SMITH & HOWARD ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1271 17TH STREET NW SUITE 1600AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30363ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582538285EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA ADVANCED TECHNOLOGY VENTURES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% HOLLY SEELInCareOfNm
Business Name ControlGEORBusinessNameControlTxt
Phone4043857078PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1225 NORTH AVENUELYMAN HALL STE 325AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30332ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHOLLY SEELPersonNm
Person TitleASSISTANT TREASURERPersonTitleTxt
Phone4043857078PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHOLLYPersonFirstNm
Person LastSEELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
PTINP91739349PTIN
Phone4048746244PhoneNum
Preparation2023-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHOLLY SEELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1225 NORTH AVE LYMAN HALL 325AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30332ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$34,809,516GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.gatv.gatech.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionThe corporation supports the georgia institute of technology to foster and support economic development and scientific research in the state of georgia.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$868,457PYContributionsGrantsAmt
CY Contributions Grants$99,167CYContributionsGrantsAmt
PY Program Service Revenue$20,278,929PYProgramServiceRevenueAmt
CY Program Service Revenue$33,745,273CYProgramServiceRevenueAmt
PY Investment Income-$824,195PYInvestmentIncomeAmt
CY Investment Income$53,126CYInvestmentIncomeAmt
PY Other Revenue$657,216PYOtherRevenueAmt
CY Other Revenue$911,950CYOtherRevenueAmt
PY Total Revenue$20,980,407PYTotalRevenueAmt
CY Total Revenue$34,809,516CYTotalRevenueAmt
PY Grants And Similar Paid$1,955,735PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,674,862CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$13,734,453PYOtherExpensesAmt
CY Other Expenses$18,869,054CYOtherExpensesAmt
PY Total Expenses$15,690,188PYTotalExpensesAmt
CY Total Expenses$21,543,916CYTotalExpensesAmt
PY Revenues Less Expenses$5,290,219PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$13,265,600CYRevenuesLessExpensesAmt
Total Assets BOY$206,195,666TotalAssetsBOYAmt
Total Assets EOY$234,129,719TotalAssetsEOYAmt
Total Liabilities BOY$139,861,857TotalLiabilitiesBOYAmt
Total Liabilities EOY$154,632,814TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$66,333,809NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$79,496,905NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$20,740,002ExpenseAmt
Grant$2,674,862GrantAmt
Revenue$34,657,223RevenueAmt
DescGeorgia 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.Desc
Total Program Service Expenses$20,740,002TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemYes (true)BusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHOLLY SEELPersonNm
Phone4043857078PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1221 UNCLE HEINIE WAY LYMAN HALLAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30332ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
STEVEN MCLAUGHLIN
DIRECTOR1.039.0Yes (X)$0$548,304$54,767
KELLY FOX
DIRECTOR1.039.0Yes (X)$0$448,793$130,828
Chaouki Abdallah
Director1.039.0Yes (X)$0$403,369$101,787
James G Fortner
Treasurer4.036.0$0$274,346$97,642Yes (X)
Anthony Zivalich
Vice President - REAL ESTATE4.036.0$0$259,978$89,817Yes (X)
DAVID BRIDGES
VICE PRESIDENT - INNOVATION4.036.0$0$224,961$62,469Yes (X)
Amy E Herron
Asst. Treasurer (thru 2/2022)4.036.0$0$140,337$65,522Yes (X)
Tanesha Steward
Secretary4.036.0$0$121,236$47,134Yes (X)
STEPHEN CROSS
FORMER OFFICER0.00.0$0$146,652$0Yes (X)
Karen Fite
FORMER OFFICER0.00.0$0$131,187$0Yes (X)
STEVEN SWANT
FORMER OFFICER0.00.0$0$126,124$0Yes (X)
KELLY MACARTHUR
ASSISTANT TREASURER4.036.0$0$74,950$34,460Yes (X)
CORTRELLA GREER
ASSISTANT SECRETARY4.036.0$0$66,509$25,928Yes (X)
James R Borders
Director (thru 2/2022)1.00.0Yes (X)$0$0$0
John J Huntz
Director (thru 2/2022)1.00.0Yes (X)$0$0$0
Steve W Chaddick
Director (thru 2/2022)1.00.0Yes (X)$0$0$0
Sig Mosley
Chairman1.00.0Yes (X)$0$0$0
Ben T Raney II
Director1.00.0Yes (X)$0$0$0
Blake Patton
Director1.00.0Yes (X)$0$0$0
BURUNDA PRINCE
DIRECTOR1.00.0Yes (X)$0$0$0
JOHN LONG
DIRECTOR1.00.0Yes (X)$0$0$0
MICHAEL ROSS
DIRECTOR1.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$2,966,746TotReportableCompRltdOrgAmt
Total Other Compensation$710,354TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LEAPLEY CONSTRUCTION GROUP OF ATLAN
180 Interstate North Parkway SuiteATLANTAGA30339CONSTRUCTION$2,332,309
DPR CONSTRUCTION
3301 Windy Ridge Parkway Suite 500ATLANTAGA30339CONSTRUCTION$5,283,349
CRABAPPLE ROOFING CONTRACTOR LLC
3440 OAKCLIFF RD SUITE 100DORAVILLEGA30340CONSTRUCTION$640,771
JOHNSON CONTROLS
PO BOX 730068DALLASTX75373CONSTRUCTION$522,638
REAMS ENTERPRISES INC
1478 CENTRAL AVEEAST POINTGA30344CONSTRUCTION$366,623
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K8CntrctRcvdGreaterThan100KCnt
All Other Contributions$99,167AllOtherContributionsAmt
Total Contributions$99,167TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531120$32,304,090$32,304,090
PROGRAM EXPENSE REIMBURSEMENT541610$1,319,176$1,319,176
MEMBERSHIP FEES541610$122,007$122,007
FieldValueIRS element (for citing)
Total Program Service Revenue$33,745,273TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$53,126TotalRevenueColumnAmt
Exclusion$53,126ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$0FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISC. INCOMEDesc
Business900099BusinessCd
Total Revenue Column$911,950TotalRevenueColumnAmt
Related Or Exempt Func Income$911,950RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$911,950OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$34,809,516TotalRevenueColumnAmt
Related Or Exempt Func Income$34,657,223RelatedOrExemptFuncIncomeAmt
Exclusion$53,126ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,674,862TotalAmt
Program Services$2,674,862ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$544,114TotalAmt
Program Services$544,114ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$180,100TotalAmt
Program Services$180,100ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$185,086TotalAmt
Program Services$185,086ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$29,208TotalAmt
Program Services$29,208ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,018TotalAmt
Program Services$1,018ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,000,056TotalAmt
Program Services$4,000,056ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,930,305TotalAmt
Program Services$4,930,305ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,791,056TotalAmt
Program Services$2,791,056ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$230,795TotalAmt
Program Services$230,795ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MANAGEMENT EXPENSES$3,779,686$3,038,119$741,567
REPAIRS & MAINTENANCE$1,571,965$1,571,965
BROKER FEES$518,226$518,226
BANK FEES$62,347$62,347

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$45,092TotalAmt
Program Services$45,092ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$21,543,916TotalAmt
Program Services$20,740,002ProgramServicesAmt
Management And General$803,914ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$22,495,463BOYAmt
EOY$18,083,923EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$550,279BOYAmt
EOY$524,446EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$118,618BOYAmt
EOY$20,063EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$138,334BOYAmt
EOY$8,005EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$124,656,074LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$38,142,589LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$86,206,247BOYAmt
EOY$86,513,485EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$83,991,273BOYAmt
EOY$98,781,009EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$12,695,452BOYAmt
EOY$30,198,788EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$206,195,666BOYAmt
EOY$234,129,719EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,801,348BOYAmt
EOY$1,352,529EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$6,535,233BOYAmt
EOY$13,145,489EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$45,395,000BOYAmt
EOY$45,395,000EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$54,843,735BOYAmt
EOY$47,672,935EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,286,541BOYAmt
EOY$47,066,861EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$139,861,857BOYAmt
EOY$154,632,814EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$59,263,956BOYAmt
EOY$79,337,985EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,069,853BOYAmt
EOY$158,920EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$66,333,809BOYAmt
EOY$79,496,905EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$206,195,666BOYAmt
EOY$234,129,719EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$13,265,600ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$102,504NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA INSTITUTE OF TECHNOLOGYBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN586002023EIN
Organization Type6OrganizationTypeCd
Governing Document ListedYes (true)GoverningDocumentListedInd
Support$21,543,916SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$21,543,916SupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgYes (true)SupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSch A, Part IV, Line 6FormAndLineReferenceDesc
ExplanationThe Organization provided support to the Georgia Tech Foundation, Inc., which is an affiliated organization of the Georgia Institute of Technology. The Foundation supports Georgia Tech's role as a leading educational and research institution.ExplanationTxt

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

FieldValueIRS element (for citing)
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
CY Minus3 Yr Endwmt FundCYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt FundCYMinus4YrEndwmtFundGrp

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,218,380OtherCostOrOtherBasisAmt
Book Value$15,218,380BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$108,390,298OtherCostOrOtherBasisAmt
Depreciation$37,095,193DepreciationAmt
Book Value$71,295,105BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,047,396OtherCostOrOtherBasisAmt
Depreciation$1,047,396DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildingsGrp
Total Book Value Land Buildings$86,513,485TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescDIRECT FINANCING LEASESDesc
Book Value$98,781,009BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$98,781,009TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEPOSITS$602,168
OPERATING LEASE - RIGHT TO USE$29,596,620
FieldValueIRS element (for citing)
Total Book Value Other Assets$30,198,788TotalBookValueOtherAssetsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
TENANT DEPOSIT$266,476
BOND ISSUANCE PREMIUM$4,211,672
TAXABLE BONDS PAYABLE$8,165,000
OPERATING LEASE - RIGHT TO USE$32,918,552
FUNDS HELD FOR OTHERS$1,505,161
FieldValueIRS element (for citing)
Total Liability$47,066,861TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$34,707,012TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$102,504NetUnrealizedGainsInvstAmt
Revenue Not Reported-$102,504RevenueNotReportedAmt
Revenue Subtotal$34,809,516RevenueSubtotalAmt
Total Revenue Per Form990$34,809,516TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$21,543,916TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$21,543,916ExpensesSubtotalAmt
Total Expenses Per Form990$21,543,916TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceASC 740FormAndLineReferenceDesc
ExplanationGATV 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, 2019.ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescPurpose Of GrantPurposeOfGrantTxt
GEORGIA INSTITUTE OF TECHNOLOGY
225 NORTH AVENUE NWATLANTAGA30332586002023115$2,262,331COSTsupport
Georgia Tech Foundation
760 spring street nw suite 400atlantaGA30308586043294501(C)(3)$412,531costsupport
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line Referenceprocedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationGrants 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)

TitleTitleTxtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Chaouki Abdallah
Director$403,369$55,881$45,906$505,156
Anthony Zivalich
Vice President - REAL ESTATE$259,978$52,428$37,389$349,795
Karen Fite
FORMER OFFICER$44,836$131,187$86,351
James G Fortner
Treasurer$273,802$54,998$42,644$371,988$544
Tanesha Steward
Secretary$114,409$23,877$23,257$168,370$6,827
Amy E Herron
Asst. Treasurer (thru 2/2022)$136,356$28,853$36,669$205,859$3,981
KELLY FOX
DIRECTOR$437,993$101,796$29,032$579,621$10,800
DAVID BRIDGES
VICE PRESIDENT - INNOVATION$185,574$21,725$40,744$287,430$39,387
STEVEN MCLAUGHLIN
DIRECTOR$463,304$26,796$27,971$603,071$85,000
STEPHEN CROSS
FORMER OFFICER$146,652$146,652$146,652
STEVEN SWANT
FORMER OFFICER$126,124$126,124$126,124

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCH. J, LINE 4BFormAndLineReferenceDesc
ExplanationKelly Fox, Current Executive Vice President for Administration and Finance and Director of the Organization, participated in a non-qualified supplemental retirement plan structured under IRS Section 415(m). Contributions to the plan in calendar year 2021 were funded by the Georgia Institute of Technology and are included in amounts disclosed on Schedule J, Part II Column C: "Retirement and Other Deferred Compensation."ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1DEVELOPMENT AUTHORITY OF COBB COUNTYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN521442239BondIssuerEIN
CUSIP190806EE5CUSIPNum
Bond Issued2017-12-06BondIssuedDt
Issue Price$51,211,128IssuePriceAmt
PurposePURCHASE & IMPROVE GT COBB RESEARCPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$51,848,861TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$0CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$211,128IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$51,637,792CapitalExpendituresAmt
Other Spent Proceeds$0OtherSpentProceedsAmt
Unspent$208UnspentAmt
Substantial Completion2020SubstantialCompletionYr
Refunding Tax Exempt BondsfalseRefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadefalseFinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsYes (true)AnyResearchAgreementsInd
Engage Bond Counsel ResearchYes (true)EngageBondCounselResearchInd
Private Bus Use By Others0.00000PrivateBusUseByOthersPct
Private Bus Concerning UBI0.00000PrivateBusConcerningUBIPct
Total Private Business Use0.00000TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Remedial Action TakenfalseRemedialActionTakenInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetfalseRebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DueYes (true)NoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd

Hedge Provider Name HedgeProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd

GIC Provider Name GICProviderName

FieldValueIRS element (for citing)
Business Name Line10BusinessNameLine1Txt
FieldValueIRS element (for citing)
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule K Part IV Line 2CFormAndLineReferenceDesc
ExplanationDATE 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 $637,733 FOR INTEREST EARNED ON COST OF ISSUANCE FUND. The rebate computation was performed on 12/18/2020.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
Tech Square Ventures
Tech Square Ventures/GATV Director$61,911RENT PAID TO GATVfalse
Cyrano Systems
Cyrano Systems/GATV Director$11,648RENT PAID TO GATVfalse
Verady
Verady/GATV Director$22,126RENT PAID TO GATVfalse
Gauge Insights
Gauge Insights/GATV Director$7,252RENT PAID TO GATVfalse
SPEEDSCALE
SPEEDSCALE/GATV DIRECTOR$11,924RENT PAID TO GATVfalse
Cloverly
Cloverly/GATV Director$26,982RENT PAID TO GATVfalse

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part vi, question 2SIG MOSLEY AND JAMES R. BORDERS HAVE A BUSINESS RELATIONSHIP OUTSIDE OF GATV.
part vi, question 7THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA ADVANCED TECHNOLOGY VENTURES.
part vi, question 11AN 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 12CTHE 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.
PART VI, QUESTION 15THE 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 19GATV'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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (14 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
GATV INC VLP1 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$2,389,727$14,514,826GATV INC
GATV INC VLP2 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$2,341,939$33,973,472GATV INC
GATV INC VLP3 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$15,837,655$35,853,556GATV INC
GATV INC TEP1 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$29,653$930,261GATV INC
GATV INC TEP2 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA-$50GATV INC
GATV INC GEORGIA TECH INNOVATION FUND
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285SEED FUNDINGGA$165,276GATV INC
GATV INC VLP4 LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$7,449,755GATV INC
GT REAL ESTATE SERVICES LLC
225 NORTH AVE LYMAN HALLATLANTAGA30332460538913REAL ESTATEGA$1,269,408$16,526,479GATV INC
ETHEL STREET LLC
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$939,928$7,646,937GATV INC
GEORGIA TECH COBB RESEARCH CAMPUS LLC
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$4,307,681$62,059,036GATV INC
GEORGIA TECH COBB COUNTY INFRASTRUCTURE
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$0GATV INC
GEORGIA TECH COBB RESEARCH CAMPUS SOUTH
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$1,316,514GATV INC
GTATRIUM LLC
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285TECH DEVELOPGA$75,000$59,693GATV INC
GATV CROSSROADS LLC
225 NORTH AVENUE LYMAN HALLATLANTAGA30332582538285REAL ESTATEGA$0GATV INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdProvince Or StateForeignAddress/ProvinceOrStateNm
GEORGIA INSTITUTE OF TECHNOLOGY
225 NORTH AVENUE NWATLANTAGA30332586002023EDU/RESEARCHGA1156SEE DETAILfalse
GEORGIA TECH FACILITIES INC
225 NORTH AVENUE NWATLANTAGA30332521442293RE DEVELOPGA501(C)(3)12AGeorgia techfalse
SOUTHERN LIGHT RAIL inc
225 NORTH AVENUE NWATLANTAGA30332300240711COMM SERVICESGA501(C)(3)7Georgia techfalse
GEORGIA TECH ATHLETIC ASSOCIATION
150 BOBBY DODD WAY NWATLANTAGA30332580622514ATHLETICSGA501(C)(3)7Georgia techfalse
HOME PARK LEARNING CENTER
225 north avenue nwATLANTAGA30332582644893CHILD CAREGA501(C)(3)12aGeorgia techfalse
GEORGIA TECH RESEARCH CORPORATION
926 DALNEY ST NWATLANTAGA30332580603146SPON RESEARCHGA501(C)(3)12cGeorgia techfalse
GEORGIA TECH APPLIED RESEARCH CORPORATIO
926 DALNEY ST NWATLANTAGA30332582374837SPON RESEARCHGA501(C)(3)12cGEORGIA TECHfalse
GEORGIA TECH GLOBAL INC
225 north avenue nwATLANTAGA30332271070747SUPPORT EDUGA501(C)(3)12aGeorgia techYes (true)
Global Center for medical innovation inc
575 14TH STREET NWatlantaGA30332264723391MED DEV SUPPGA501(c)(3)7Georgia techfalse
GEORGIA TECH PANAMA FOUNDATION
GLOBAL SUPPOR501(c)(3)N/AGT GLOBALfalseMOSSFON BLDG 2ND FL EAST 54 STPANAMA CITYPMPM
Georgia Tech Shenzhen Education Foundati
global suppor501(C)(3)N/AGEORGIA TECHfalse88 FIRST HAIDE AVENUENANSHAN DISTCHCHSHENZHEN
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GEORGIA INSTITUTE OF TECHNOLOGY
B$2,262,331COST
GEORGIA INSTITUTE OF TECHNOLOGY
J$11,288,705COST
GEORGIA INSTITUTE OF TECHNOLOGY
M$884,035COST
GEORGIA INSTITUTE OF TECHNOLOGY
Q$455,000COST

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE R, PART I739 WEST PEACHTREE, LLC, A DISREGARDED ENTITY OF GATV, INC., WAS DISSOLVED ON 08/19/2021 WITH THE STATE OF GEORGIA.
SCHEDULE R, PART IIGEORGIA TECH INSTITUTE OF TECHNOLOGY - (EIN: 58-6002023) NAME OF DIRECT CONTROLLING ENTITY: THE BOARD OF REGENTS OF THE USG