2022-05-10T14:35:13-05:00 2021-06-30 560574444 CHERRY BEKAERT LLP 1075 PEACHTREE STREET NE SUITE 2200 ATLANTA GA 30309 990 2020-07-01 582374837 GEORGIA TECH APPLIED RESEARCH CORPORATION GEOR 4048944819 926 DALNEY STREET NW ATLANTA GA 303320415 NEIL VITRO ASSISTANT TREASURER/SECRETARY 4048944819 2022-04-15 1 NEIL VITRO 999009999 AMANDA ADAMS P00748038 4042090954 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CYNTHIA HOPE 926 DALNEY STREET NW ATLANTA GA 303320415 638737949 0 X WWW.GTARC.GATECH.EDU X 1998 GA THE MISSION OF THE GEORGIA TECH APPLIED RESEARCH CORPORATION (GTARC) IS TO PROVIDE EFFICIENT AND EFFECTIVE CONTRACTING, GRANT, AND RESEARCH ADMINISTRATION SERVICES FOR THE GEORGIA TECH RESEARCH INSTITUTE (GTRI), A NON-PROFIT RESEARCH ARM OF THE GEORGIA INSTITUTE OF TECHNOLOGY. GTARC PROVIDES BUSINESS MANAGEMENT SERVICES FOR GTRI AS IT CONDUCTS FOCUSED PROGRAMS OF INNOVATIVE RESEARCH, TECHNICAL ASSISTANCE, AND ECONOMIC DEVELOPMENT THAT ADVANCE THE GLOBAL COMPETITIVENESS OF GEORGIA, THE SOUTHEAST REGION, AND THE NATION. GTARC SERVES AS THE SOLE CONTRACTING ENTITY FOR GTRI. 9 8 0 0 0 0 0 0 564337203 634069758 125630 103140 337 -12530 564463170 634160368 2376897 2896999 0 0 0 0 0 0 0 553967055 620747121 556343952 623644120 8119218 10516248 163481668 189895321 122077087 140304279 41404581 49591042 THE GEORGIA TECH APPLIED RESEARCH CORPORATION (GTARC) IS ORGANIZED AND OPERATED TO SUPPORT THE RESEARCH ACTIVITIES OF THE GEORGIA INSTITUTE OF TECHNOLOGY IN THE AREAS OF INNOVATIVE RESEARCH, TECHNICAL ASSISTANCE AND ECONOMIC DEVELOPMENT. 0 0 620943687 2896999 634069758 THE GEORGIA INSTITUTE OF TECHNOLOGY RESEARCH ACTIVITY IS SUPPORTED BY THE GEORGIA TECH APPLIED RESEARCH CORPORATION WHICH CONSISTS OF RESEARCH PROGRAMS FOR GOVERNMENT AGENCIES. PAYMENTS AND REIMBURSEMENT OF EXPENSES AND GRANTS TO AND FOR THE BENEFIT OF GEORGIA INSTITUTE OF TECHNOLOGY HAVE BEEN MADE. THE GEORGIA TECH APPLIED RESEARCH CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY WHICH IS A UNIT OF THE UNIVERSITY SYSTEM IN THE STATE OF GEORGIA. 620943687 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 22 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X NEIL VITRO 4043854446 926 DALNEY STREET NW ATLANTA GA 303320415 CHAOUKI T ABDALLAH PRESIDENT, TREASURER, TRUSTEE 1.00 40.00 X X 0 416000 71346 JOHN BARNARD TRUSTEE 0.50 0.50 X 0 0 0 PATRICIA FALCONE TRUSTEE 0.50 0.50 X 0 0 0 KELLY FOX TRUSTEE 0.50 40.00 X 0 447400 42190 SCOTT FRANK TRUSTEE 0.50 0.50 X 0 0 0 DAVID GARRISON TRUSTEE 0.50 0.50 X 0 0 0 LOU GRAZIANO TRUSTEE 0.50 0.50 X 0 0 0 DERYL ISRAEL TRUSTEE 0.50 0.50 X 0 0 0 PATRICK KELLY TRUSTEE 0.50 0.50 X 0 0 0 STEVEN MCLAUGHLIN TRUSTEE 0.50 40.00 X 0 420594 42814 LESLIE SIBERT TRUSTEE 0.50 0.50 X 0 0 0 FREDERIC VILLENEUVE TRUSTEE 0.50 0.50 X 0 0 0 JAMES G FORTNER ASST SEC/ASST TREASURER 1.00 40.00 X 0 287959 69129 JILDA GARTON VICE PRESIDENT AND GM 18.00 22.00 X 0 250485 22216 REBECCA CARAVATI INTERIM VP AND GENERAL MANAGER 20.00 20.00 X 0 240000 56272 JAMES HUDGENS SECRETARY 1.00 40.00 X 0 500000 45547 BARBARA J ALEXANDER ASST SEC & ASST TREASURER 20.00 20.00 X 0 173400 40615 TANESHA STEWARD ASST SECRETARY 1.00 40.00 X 0 107528 21809 BRUCE HENRY ASST SEC & ASST TREASURER 16.00 24.00 X 0 112603 39843 LAUREN MACLANAHAN ASST SEC. & GENERAL COUNSEL 28.00 12.00 X 0 172040 25796 ROBERTA B BURKE ASST SECRETARY 40.00 1.00 X 0 191636 17903 KEVIN WOZNIAK ASST SECRETARY 16.00 24.00 X 0 209790 35861 ALBERT L CONCORD FACILITY SECURITY OFFICER 1.00 40.00 X 0 184260 36991 DANA SIMPSON ASST SECRETARY 1.00 40.00 X 0 151208 42497 NEIL VITRO ASST SEC & ASST TREASURER 20.00 20.00 X 0 142575 33429 MARY BERAN DIRECTOR 14.00 26.00 X 0 150020 34925 TERRY BRAY DIRECTOR 1.00 40.00 X 0 155273 30827 JEFFREY STELTZER DIRECTOR 4.00 36.00 X 0 165000 32388 KELLY WINN DIRECTOR 14.00 26.00 X 0 150119 35936 SOPHIA HERBERT-PETERSON DIRECTOR 10.00 30.00 X 0 155850 30881 0 4783740 809215 0 0 1 0 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 303320255 RESEARCH 582729901 NELSON MULLINS RILEY & SCARBOROUGH 201 17TH ST NW 1700 ATLANTA GA 30363 LEGAL SERVICES 118590 2 RESEARCH CONTRACTS 541700 634069758 634069758 634069758 103140 103140 4564773 4577581 -12808 -12808 -12808 278 278 278 634160368 634069758 0 90610 X 2896999 2896999 24828 24828 184150 184150 618222237 618043528 178709 14407 14407 385112 385112 384 384 3160 3160 452539 452539 SHARED EMPLOYEE EXPENSE 1305256 1305256 PROF. DEVELOPMENT 38470 38470 116578 116578 623644120 620943687 2700433 0 57427200 78982729 105939178 108200177 27199 962897 79003 21594 60569 57409 27522 1692109 163481668 189895321 65308731 62182775 2018974 6173101 54749382 71948403 122077087 140304279 X 41404581 49591042 41404581 49591042 163481668 189895321 X 10516248 -2329787 X 0 1 X 1 1 1 X X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 1 2896999 0 1 2896999 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SECTION D, LINE 3 THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH NATIONAL ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. THE CURRENT INVESTMENT POLICY WAS ADOPTED ON DECEMBER 8, 2009 AND IT FITS WITHIN REQUIREMENTS ESTABLISHED BY THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. ADDITIONALLY, ANY CHANGES TO THE POLICY OR INVESTING IN ANY TYPE OF INVESTMENT VEHICLE NOT DESIGNATED BY THE CURRENT INVESTMENT POLICY REQUIRES THE APPROVAL OF THE BOARD OF TRUSTEES. ADDITIONALLY, THE BOARD OF TRUSTEES RECEIVES REPORTS FROM THE TREASURER OF THE COMPANY AT ALL SEMI-ANNUAL BOARD MEETINGS. SECTION E, LINE 1C GIT IS A UNIT OF THE UNIVERSITY SYSTEM OF THE STATE OF GEORGIA. GEORGIA STATE LAW PROHIBITS GIT FROM ENTERING INTO LONG TERM CONTRACTS (DEFINED AS IN EXCESS OF ONE YEAR) THAT WOULD PLACE AN OBLIGATION ON THE STATE. GTARC WAS ORGANIZED AND OPERATES PRIMARILY FOR THE PURPOSE OF SOLICITING GRANTS AND CONTRACTS AND ENTERING INTO CONTRACTS FOR RESEARCH AND SERVICES TO BE PERFORMED BY OR IN CONJUNCTION WITH GIT, OR TO BE PERFORMED USING GIT'S FACILITIES AND FOR RELATED OBJECTIVES. GTARC SERVES AS A CONTRACTING ENTITY FOR GIT AND CAN ENTER INTO LONG TERM CONTRACTS WITHOUT OBLIGATING THE STATE OF GEORGIA OR GIT. 0 1 X 79003 21594 57409 57409 638737949 0 638737949 -4577581 -4577581 634160368 630551488 6907368 6907368 623644120 0 623644120 PART IV, LINE 2B: SPONSORED RESEARCH PROJECTS HAVE FEES CHARGED TO SPONSORS. THESE FEES ARE HELD ON BEHALF OF GIT AND CAN BE INVOICED TO GTARC BY THE APPROPRIATE DEPARTMENT OF GIT. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -4,577,581. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 4,577,581. BAD DEBT EXPENSE 2,329,787. 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 170(C)(1) 1526387 STRATEGIC RESEARCH SUPPORT GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 170(C)(1) 1370612 RESEARCH PROGRAM SUPPORT 1 0 PART I, LINE 2: PURSUANT TO AN AGREEMENT BETWEEN GTARC AND THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, THE GTARC BOARD OF TRUSTEES ISSUES GRANTS FROM TIME TO TIME AS IT SEES FIT FOR THE PROMOTION OF RESEARCH AT GIT. THESE GRANTS ARE FUNDED FROM THE BALANCES HELD IN TRUST FOR GIT WHICH ARE REFLECTED IN THE UNRESTRICTED NET POSITION OF GTARC. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. 0 1 0 0 0 0 0 0 0 JAMES HUDGENS SECRETARY 0 500000 0 0 0 0 0 26334 0 19213 0 545547 0 0 KELLY FOX TRUSTEE 0 437500 0 0 0 9900 0 26334 0 15856 0 489590 0 0 CHAOUKI T ABDALLAH PRESIDENT, TREASURER, TRUSTEE 0 416000 0 0 0 0 0 54866 0 16480 0 487346 0 0 STEVEN MCLAUGHLIN TRUSTEE 0 399344 0 0 0 21250 0 26334 0 16480 0 463408 0 0 JAMES G FORTNER ASST SEC/ASST TREASURER 0 287959 0 0 0 0 0 51899 0 17230 0 357088 0 0 REBECCA CARAVATI INTERIM VP AND GENERAL MANAGER 0 240000 0 0 0 0 0 48084 0 8188 0 296272 0 0 JILDA GARTON VICE PRESIDENT AND GM 0 250485 0 0 0 0 0 18375 0 3841 0 272701 0 0 KEVIN WOZNIAK ASST SECRETARY 0 209606 0 0 0 184 0 19381 0 16480 0 245651 0 0 ALBERT L CONCORD FACILITY SECURITY OFFICER 0 183660 0 600 0 0 0 36795 0 196 0 221251 0 0 BARBARA J ALEXANDER ASST SEC & ASST TREASURER 0 173400 0 0 0 0 0 34853 0 5762 0 214015 0 0 ROBERTA B BURKE ASST SECRETARY 0 191636 0 0 0 0 0 17707 0 196 0 209539 0 0 LAUREN MACLANAHAN ASST SEC. & GENERAL COUNSEL 0 172040 0 0 0 0 0 15896 0 9900 0 197836 0 0 JEFFREY STELTZER DIRECTOR 0 165000 0 0 0 0 0 15246 0 17142 0 197388 0 0 DANA SIMPSON ASST SECRETARY 0 151208 0 0 0 0 0 30230 0 12267 0 193705 0 0 SOPHIA HERBERT-PETERSON DIRECTOR 0 155850 0 0 0 0 0 14401 0 16480 0 186731 0 0 TERRY BRAY DIRECTOR 0 155273 0 0 0 0 0 14347 0 16480 0 186100 0 0 KELLY WINN DIRECTOR 0 150119 0 0 0 0 0 30174 0 5762 0 186055 0 0 MARY BERAN DIRECTOR 0 149443 0 0 0 577 0 30154 0 4771 0 184945 0 0 NEIL VITRO ASST SEC & ASST TREASURER 0 142575 0 0 0 0 0 28658 0 4771 0 176004 0 0 BRUCE HENRY ASST SEC & ASST TREASURER 0 112603 0 0 0 0 0 22613 0 17230 0 152446 0 0 PART I, LINE 4B THREE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) SENIOR ADMINISTRATORS SAT ON THE BOARD OF THE ORGANIZATION DURING THE FISCAL YEAR. ALL PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN STRUCTURED UNDER IRC SECTION 415(M) WHILE EMPLOYED BY THE INSTITUTE. CONTRIBUTIONS TO THE PLAN IN 2020 WERE FUNDED BY THE INSTITUTE AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II COLUMN C: DEFERRED COMPENSATION. KELLY FOX, A TRUSTEE OF THE CORPORATION IS EXECUTIVE VICE PRESIDENT, ADMINISTRATION AND FINANCE OF THE INSTITUTE -- SHE REPLACED JAMES FORTNER AS TRUSTEE. CHAOUKI ABDALLAH, PRESIDENT, TREASURER, AND TRUSTEE OF THE ORGANIZATION, IS EXECUTIVE VICE PRESIDENT FOR RESEARCH OF THE INSTITUTE. RAFAEL BRAS STEPPED DOWN FROM THE ROLE OF PROVOST IN SEPTEMBER, 2020 AND WAS REPLACED BY STEVEN MCLAUGHLIN IN OCTOBER, 2020 AS PROVOST AND TRUSTEE. NON-QUALIFIED AMOUNT INCLUDED IN RETIREMENT & OTHER DEFERRED COMPENSATION: KELLY FOX: $0 CHAOUKI ABDALLAH: $0 STEVEN MCLAUGHLIN: $0 JAMES FORTNER: $0 FORM 990, PART VI, SECTION A, LINE 7A THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH NATIONAL ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CONTROLLER, PRESENTED IN DETAIL TO THE AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GEORGIA TECH APPLIED RESEARCH CORPORATION HAS A CONFLICTS OF INTEREST POLICY IN PLACE. THE POLICY STATES THAT IN THE EVENT OF A CONFLICT OF INTEREST, AFFECTED BOARD MEMBERS MUST RECUSE THEMSELVES FROM A VOTE. THE POLICY MUST BE READ AND SIGNED ANNUALLY BY ALL OFFICERS, KEY EMPLOYEES AND BOARD MEMBERS. AN ON-LINE SYSTEM WAS IMPLEMENTED IN 2013. ANY CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE GEORGIA TECH EMPLOYEES AND ARE SUBJECT TO THE COMPENSATION GUIDELINES OF THE BOARD OF REGENTS. THE BOARD OF REGENTS PERIODICALLY REVIEWS EMPLOYEE COMPENSATION AND COMPARES IT TO VARIOUS MARKET DATA. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, ARTICLES OF INCORPORATION, FINANCIALS, AND CONFLICT OF INTEREST ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G RESEARCH PERFORMED BY GIT: PROGRAM SERVICE EXPENSES 618,043,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 618,043,528. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 178,709. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 178,709. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -2,329,787. GEORGIA TECH RESEARCH CORPORATION 926 DALNEY STREET NW ATLANTA GA 303320415 580603146 SPONSORED RESEARCH FOR GEORGIA INSTITUTE OF TECHNOLOGY GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA INSTITUTE OF TECHNOLOGY 500 TECH PARKWAY ATLANTA GA 30332 586002023 STATE UNIVERSITY GA 170(C)(1) BOARD OF REGENTS OF THE USG 0 GEORGIA TECH FACILITIES INC 225 N AVE LYMAN HALL STE 325 ATLANTA GA 30332 521442293 FINANCING & CONSTRUCTING BUILDINGS FOR GEORGIA INSTITUTE OF TECHNOLOGY GA 501(C)(3) LINE 5 GEORGIA INSTITUTE OF TECHNOLOGY 0 GLOBAL CENTER FOR MEDICAL INNOVATION INC 75 5TH STREET NW ATLANTA GA 30332 264723391 RESEARCH GA 501(C)(3) LINE 7 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 COMMUNICATION SERVICES GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501(C)(3) LINE 7 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 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0