2020-07-10T12:43:43-05:00 2019-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2018-07-01 521442293 GEORGIA TECH FACILITIES INC % KELLY MACARTHUR GEOR 4043858337 225 NORTH AVENUE LYMAN HALL ATLANTA GA 303320257 THOMAS J PIERCE III TREASURER 4048941271 2020-07-15 true MARC A AZAR P91739349 4048746244 2020-07-15 50.58.246.46 67983820201925000008 2020-07-10 P 74895A8E10D9989CF0B195BA10AE982F2AD2772E 74E03C1071EF433ED07B8B68127A29139B1C1F7D 2018 2021-01-29 14:40:06Z Aisha Oliver-Staley 225 NORTH AVE NW ATLANTA GA 30332 15798388 false X WWW.GTFI.GATECH.EDU X 1985 GA TO PROMOTE AND SUPPORT THE GEORGIA institute of technology via erecting suitable buildings and other facilities as needed to achieve the goals of the institute. 7 5 0 0 0 0 23146940 571661 12515938 14625876 216576 600851 29205 0 35908659 15798388 164450 1931061 0 0 0 0 0 0 0 13411793 12851005 13576243 14782066 22332416 1016322 294331729 447415435 301050100 407031569 -6718371 40383866 X THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE AND SUPPORT THE GEORGIA INSTITUTE OF TECHNOLOGY, AN INSTRUMENTALITY OF THE BOARD OF REGENTS OF THE STATE UNIVERSITY SYSTEM OF GEORGIA AND TO ERECT SUCH SUITABLE BUILDINGS AND OTHER FACILITIES AS MAY BE APPROPRIATE TO THE NEEDS AND GOALS OF THE INSTITUTE. GEORGIA TECH FACILITIES, INC. PROVIDED FINANCING AS APPROPRIATE TO MEET THE NEEDS AND GOALS OF THE GEORGIA INSTITUTE OF TECHNOLOGY. false false 14509142 1931061 14625876 GEORGIA TECH FACILITIES, INC. PROVIDED FINANCING AND CONTRACTING SUPPORT FOR THE DESIGN AND CONSTRUCTION OF BUILDINGS AND OTHER FACILITIES AS APPROPRIATE TO MEET THE NEEDS AND GOALS OF THE GEORGIA INSTITUTE OF TECHNOLOGY. GEORGIA TECH FACILITIES, INC. LEASES THESE BUILDINGS AND OTHER FACILITIES TO THE GEORGIA INSTITUTE OF TECHNOLOGY. 14509142 true true false false false false false false false false true false true true true true true false false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false true false true 15 0 true 0 false false false false false false false false false false false false X 7 5 false false false false false true false true true false false true true true true true true false false false GA X KELLY MACARTHUR 4043854055 221 UNCLE HEINIE WAY LYMAN HALL R ATLANTA GA 30332 X James G Fortner Director 1.0 39.0 X 0 262314 73707 Steven G Swant Director (Through 07/2018) 1.0 39.0 X 0 260815 33119 Rafael L Bras Director 1.0 39.0 X 0 463626 208597 Joseph P Irwin Director (through 02/2019) 0.0 40.0 X 0 207003 26705 Jack J Faussemagne Director 1.0 0.0 X 0 0 0 James W Ray Director 1.0 0.0 X 0 0 0 Stan Anderson Director 1.0 0.0 X 0 0 0 Jeni Bogdan Director 1.0 0.0 X 0 0 0 Tyler Gaines Director 1.0 0.0 X 0 0 0 Aisha Oliver-Staley Executive Director 4.0 36.0 X 0 190378 55262 Jennifer Hubert Secretary 4.0 36.0 X 0 184760 59367 Kelly MacArthur Assistant Treasurer 4.0 36.0 X 0 67585 27768 Thomas James Pierce III Treasurer 4.0 36.0 X 0 160632 56181 Tanesha Steward Assistant Secretary 4.0 36.0 X 0 18919 10426 Deborah L Greene Former Officer 0.0 40.0 X 0 147363 25015 0 1963395 576147 0 true true false LORD AECK SARGENT ARCHITECTURE 1175 PEACHTREE STREET NE STE 2400 ATLANTA GA 303613500 ARCHITECTS 401762 The Epsten Group 101 Marietta St NW Ste 2600 ATLANTA GA 30303 Commission Services 325585 Lusk Company 2350 Justin Trail ALPHARETTA GA 30004 general contracting 275233 Jones Lang LaSalle Americas Inc 95661 treasury center drive CHICAGO IL 60694 Investment Mgt 220507 Working Buildings Inc 1230 Peachtree Street NE 300 Prome ATLANTA GA 30309 Engineering Consult. 147965 7 571661 571661 MANAGEMENT FEES 561000 594896 594896 REIMBURSEMENT OF PROGRAM EXPENSES 561000 524505 524505 RENTAL INCOME 531190 13506475 13506475 14625876 600851 600851 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15798388 14625876 600851 1931061 1931061 0 0 0 0 0 0 0 0 0 0 95845 95845 65600 65600 0 0 0 0 0 12723 12723 0 0 193750 193750 0 0 0 9551309 9551309 0 2281132 2281132 516117 495959 20158 REIMBURSED ADMIN COSTS-GA TECH 78598 78598 TRUSTEE FEES 25657 25657 BROKER FEES/RATING AGENCY FEE 20774 20774 BOARD OF REGENTS (BOR) FEES 9500 9500 14782066 14509142 272924 0 0 0 68393408 141623822 6614807 6041028 0 2750 0 0 0 0 1157555 589720 0 0 3743683 3552197 4558559 1200000 3358559 3358559 0 0 0 0 173505058 212354248 0 0 37558659 79893111 294331729 447415435 3516721 5697444 0 0 2823331 9598917 263445380 345593000 0 0 0 0 0 0 0 0 31264668 46142208 301050100 407031569 X -34299801 30691020 27581430 9692846 0 0 -6718371 40383866 294331729 447415435 X 1016322 46104126 -18211 X false true X true false X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 true 14782066 0 1 14782066 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3358559 3358559 1200000 1200000 0 3358559 DIRECT FINANCING LEASES 212354248 C 212354248 DUE FROM RELATED PARTIES 2438161 BOND ISSUANCE COST 21486083 BOND ISSUANCE DISCOUNT 3955 WORK IN PROGRESS 55964912 79893111 0 ACCRUED BOND INTEREST 2135052 ACCRUED BOND ISSUANCE PREMIUMS 23231395 BONDS PAYABLE - TAXABLE 15770000 CONTRACT RETAINAGE PAYABLE 5005761 46142208 X 15798388 15798388 15798388 14782066 14782066 14782066 SCHEDULE D, PART X, LINE 2 The Organization has received a ruling from the Internal Revenue Service that it is exempt from Federal income tax under Section 501(a) as an organization described in Section 501(c)(3) of the Internal Revenue Code. 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, 2016. true GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 115 1931061 cost SUPPORT 1 Procedure for Monitoring and Use of Grant Funds GRANTS RESULT FROM A DELIBERATIVE PLANNING PROCESS INVOLVING THE OFFICERS AND BOARD MEMBERS OF THE ORGANIZATION. MONITORING OF THE PROCESS CONSISTS OF PERIODIC FINANCIAL AND OPERATIONAL REVIEW BY OFFICERS AND BOARD MEMBERS. false true false false false false false false false Aisha Oliver-Staley Executive Director 190378 37996 17266 245640 James G Fortner Director 262314 51434 22273 336021 Steven G Swant Director (Through 07/2018) 260815 19409 13710 293934 Rafael L Bras Director 453626 10000 185410 23187 672223 Deborah L Greene Former Officer 147363 14096 10919 172378 Jennifer Hubert Secretary 184760 36833 22534 244127 Joseph P Irwin Director (through 02/2019) 207003 19324 7381 233708 Thomas James Pierce III Treasurer 160632 31998 24183 216813 SCH. J. LINE 4B Rafael Bras, Provost and Executive Vice President for Academic Affairs of the Georgia Institute of Technology ("Institute") participated in a non-qualified supplemental retirement plan structured under IRS Section 415(m). Contributions to the plan in calendar year 2018, if any, were funded by the Institute and are included in amounts disclosed on Schedule J, Part II Column C: "Retirement and Other Deferred Compensation." A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 999999999 2008-04-01 17170000 REFUNDED 1997B BONDS FOR IBB BUILD false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900UA3 2007-07-31 25386385 defeasance escrow for north ave false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900ZF7 2009-08-13 16299275 refunded 2008D north ave apartment false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900YP6 2009-08-13 68693197 refunded 2008a and 2008B bonds false false false A 9047000 0 17186682 0 0 0 135274 0 0 0 17034726 0 1999 true false true true B 0 0 27099479 0 0 0 501583 174307 0 0 24710494 116 2008 false true true true C 13870000 0 16299275 0 0 0 211044 0 0 0 16088231 0 2008 true false true true D 10985000 0 68693298 0 0 0 896386 0 0 0 67796811 102 2008 true false true true A false false true true true true 0.04100 0.04100 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false false false 0 false false false true A false false true true false false 0 false 0 false true B false false false true false false 0 false 0 true true C false false true true false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PAGE 1, BOND A Issue date of 2008 Bonds is April 1, 2008. 2008 bonds refunded 1997B Bonds. Issue date of 1997B bonds is December 11, 1997. 1997B financed the Institute for Bioengineering and Bioscience building on campus. The difference between issue price and total proceeds of $16,682 is interest earnings earned on U.S. T-Bill. SCHEDULE K, PAGE 1, BOND B The difference between issue price and total proceeds equals $1,711,233 for interest earnings on Escrow Fund and $1,861 for interest earnings on Cost of Issuance Fund. Schedule K, Page 1, Bond C Issue date of 2009B-2 Bonds is August 13, 2009. 2009B-2 bonds refunded 2008D bonds. 2008D bonds refunded 2007C bonds. Issue date of 2007C bonds is August 9, 2007. 2007C financed educational facilities for Georgia State University. Schedule K, Page 1, Bond D Date of issue 2009A and 2009B is August 13, 2009. 2009A refunded 2008A bonds and 2009B refunded 2008B bonds. 2008A refunded 2005A - Date of issue of 2005A is November 15, 2005 and financed certain costs of an electrical substation. 2008B Bonds refunded 2007B - date of issue on 2007B is August 9, 2007 and financed certain costs of the North Avenue Apartments. The difference between issue price and total proceeds of $101 is investment income. SCHEDULE K, PAGE 2, BOND A The 2010A bonds financed the construction of the Carbon Neutral Energy Solutions Lab, the North Avenue Dining facilities, and improvements to the GATV 14th ST facility. The difference between issue price and total proceeds of $28,254 is investment income. SCHEDULE K, PAGE 2, BOND B Issue date of 2010B bonds is June 23, 2010. These bonds refunded the 2008C bonds. For those 2008C bonds, the issue date was April 23, 2008. 2008C refunded 1997A Bonds - issue date of 1997A Bonds is December 11, 1997. 1997A Bonds refunded 1992A and 1992B Bonds - issue date February 20, 1992 and financed construction and/or purchase of the Wardlaw, Habersham, Success Center facilities. The difference between issue price and total proceeds of $23 is investment income. schedule K, page 2, bond c Date of Issue of 2019 Bonds is April 17, 2019 and financed renovation and improvement for the Campus Center. the difference between issue price and total proceeds of $477,314 is investment income. Schedule K, page 2 bond D date of issue of 2013 bonds is September 11, 2013. These bonds refunded the 2003 bonds. For those 2003 bonds, the issue date was August 21, 2003 and financed construction of the family housing complex. The difference between issue price and total proceeds of $477 is investment income. schedule k, page 3 bond A date of issue of 2014 bonds is May 01, 2014. These bonds refunded the 2004 bonds. For those 2004 bonds, the issue date was June 29, 2004 and financed construction of the molecular science facility. schedule k, page 3 bond B The difference between issue price and total proceeds equals $585,713 for interest earned on cost of issuance fund. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900G27 2010-06-23 28041103 const of cnes, naa-dining, 14th st false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900J40 2010-06-23 10539841 REFUNDED 2008C BONDS false false false C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FCT0 2019-04-17 112497476 Campus Center false false false D DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599004P9 2013-09-11 62311058 REFUNDED 2003 BONDS false false false A 8260000 0 28069344 0 996576 0 555539 0 127459 26312138 0 13 2012 false false true true B 4550000 0 10539864 0 0 0 189841 0 0 0 10350000 0 1994 true false true true C 0 0 112974790 0 733990 0 1274997 0 0 262038 0 110965803 false false false true D 13850000 0 62311535 0 0 0 617808 0 0 0 61693250 0 2006 true false true true A false false true true true true 0.01300 0.01300 false false false true B false false false false 0 false false false true C false false false false 0 false false false true D false false true true false 0 false false false true A false false false true false false 0 false 0 true true B false false true true false false 0 false 0 false true C false true false false false false 0 false 0 false true D false false true true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PAGE 2(1), PART IV, LINE 2C Bond A: 02/14/2014 Bond B: 02/14/2014 Bond C: 04/27/2010 Bond D: 04/27/2010 schedule K, page 2(2), part iv, line 2c Bond A: 06/06/2014 Bond B: 08/18/2011 Bond C: 03/17/2014 schedule K, page 2(3), part iv, line 2c Bond A: 10/30/2014 A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 3599005N3 2014-05-01 60258250 REFUNDED 2004 BONDS false false false B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FBH7 2018-03-28 36885065 Construction of Dalney Parking false false false A 5240000 0 60258250 0 0 0 196650 0 0 0 60061600 0 2007 true false true true B 0 0 37470778 0 1377221 0 627714 0 0 29091436 0 6375455 2019 false false false true A false false false false 0 false false false true B false false false false 0 false false false true A false false true true false false 0 false 0 false true B false true false false false false 0 false 0 false true A true B true PART VI #7 THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY APPOINTS THE BOARD OF GEORGIA TECH FACILITIES, INC. PART VI #11 AN OFFICER OF THE ORGANIZATION 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 #12c THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF 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 EXECUTIVE DIRECTOR 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. THE CONFLICT OF INTEREST POLICY PRECLUDES THE CORPORATION FROM ENTERING INTO ANY DESIGN OR CONSTRUCTION CONTRACT OR AGREEMENT WHERE A DIRECTOR OR OFFICER, OR AN ORGANIZATION WITH WHICH A DIRECTOR OR OFFICER HAS A BUSINESS RELATIONSHIP, IS IN A DIRECT CONTRACTUAL RELATIONSHIP WITH THE CORPORATION. PART VI #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. PART VI, #19 GTFI'S ARTICLES OF INCORPORATION, BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON REQUEST. GTFI'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE LEGAL AFFAIRS AND RISK MANAGEMENT PAGE OF THE GEORGIA INSTITUTE OF TECHNOLOGY'S WEBSITE. Part XI #8 51,445,387 Changes in policy related to investment sales-type leases 2,105,269 - Changes in policy related to bond issuance costs/premiums 3,235,992 - Changes in revenue recognition under ASU 2014-09 -------------------------- 46,104,126 = Part XI #9 Loss on Extinguishment of Debt: -$18,211 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 Edu&Research GA 115 6 N/A false GEORGIA TECH RESEARCH CORPORATION 505 tenth street ATLANTA GA 30318 580603146 Spon RESEARCH GA 501(C)(3) 12C georgia tech false GEORGIA ADVANCED TECHNOLOGY VENTURES 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECON DEVELOP. GA 501(C)(3) 12A georgia tech false SOUTHERN LIGHT RAIL inc 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 COM. SERVICES GA 501(C)(3) 7 georgia tech false GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501(C)(3) 7 georgia tech false HOME PARK LEARNING CENTER 225 NORTH AVENUE NW ATLANTA GA 30332 582644893 CHILD CARE CT GA 501(C)(3) 12A georgia tech false GEORGIA TECH APPLIED RESEARCH CORPORATIO 505 tenth street ATLANTA GA 30318 582374837 Spon RESEARCH GA 501(C)(3) 12C GEORGIA TECH false GEORGIA TECH GLOBAL INC 225 north avenue nw ATLANTA GA 30332 271070747 EDUC. SUPPORT GA 501(C)(3) 12A georgia tech false global center for medical innovation 575 14TH STREET NW atlanta GA 30318 264723391 MED. DEVICE GA 501(c)(3) 7 georgia tech false GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDG 2ND FL EAST 54 ST PANAMA CITY PM GLOBAL SUPPOR PM 501(c)(3) N/A GT GLOBAL false Shenzhen GA Inst of tech FDN for Educ 88 Haidetong Nanshan District Shenzen CH Global Suppor CH 501(c)(3) N/A GEORGIA TECH false false true true true false false false false false true false false true false false false true false true GEORGIA INSTITUTE OF TECHNOLOGY j 22583587 COST GEORGIA INSTITUTE OF TECHNOLOGY m 78598 COST GEORGIA INSTITUTE OF TECHNOLOGY q 2470718 COST GEORGIA INSTITUTE OF TECHNOLOGY b 1931061 cost