2025-11-12T12:55:14-06:00 2024-12-31 MILLER COOPER & CO LTD 3 Parkway North Blvd Suite 200 Deerfield IL 60015 990 2024-01-01 362170137 Institute of Gas Technology % QUINTON FORD INST 8477680500 1700 S Mount Prospect Road Des Plaines IL 600181804 Dr Paula A Gant President & CEO 8477680500 2025-11-15 true true Steven R Glover P00253365 8472055000 2025-11-15 2024 2025-03-06 01:10:19Z GTI Energy Dr Paula A Gant 1700 S Mount Prospect Road Des Plaines IL 600181804 142542506 false X https://www.gti.energy/ X 1941 IL GTI ENERGY IS WHERE COMPLEX ENERGY CHALLENGES MEET BOLD SOLUTIONS. WITH OVER 80 YEARS OF EXPERTISE IN ENERGY RESEARCH, TECHNOLOGY DEVELOPMENT, AND BUSINESS INNOVATION, CONTINUED ON SCHEDULE O 11 10 383 9083594 0 43707996 50288053 63569039 58869580 3060368 5104587 7643667 9985674 117981070 124247894 80500 3000 0 0 51949535 59488129 0 0 0 65185285 57710109 117215320 117201238 765750 7046656 151389687 157719871 62773235 61595764 88616452 96124107 X GTI ENERGY IS WHERE COMPLEX ENERGY CHALLENGES MEET BOLD SOLUTIONS. WITH OVER 80 YEARS OF EXPERTISE IN ENERGY RESEARCH, TECHNOLOGY DEVELOPMENT, AND BUSINESS INNOVATION, PARTNERS ACROSS EVERY SECTOR TRUST US TO BUILD AND DEMONSTRATE SOLUTIONS FOR BETTER-PERFORMING ENERGY SYSTEMS. GUIDED BY SYSTEMS THINKING, COLLABORATION, AND INNOVATION, WE ARE FOCUSED ON DRIVING PROGRESS THAT MATTERS FOR PEOPLE EVERYWHERE. false false 59645571 104587712 Sponsored energy and environmental research and technology development. Program services expenses include direct costs on projects only and exclude allocation of any indirect costs. Estimated number of clients: 260 2721639 4569920 Education program and services. Program services expenses include direct costs on projects only, and exclude allocation of any indirect costs. Estimated number of clients: 174 62367210 true false false true false false false false false false true true false true true false false true false false true false false false false false false false false true false false false false false false false false false false false false false true true true false false true 145 0 true 383 true true true false false false false false false false false false true false X 11 10 false false false false false true false true true false false true true true true true true true true false CA IL X QUINTON FORD 8477680500 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 DR PAULA A GANT President & CEO 40.0 0.0 X 1157614 0 79033 MR JAMES F INGOLD SVP of FINANCE, TREASURER, CFO 40.0 0.0 X 722214 0 74745 MR QUINTON B FORD SVP, Tech Dev, Gen Counsel, Co 40.0 0.0 X 684774 0 82883 MR RONALD N SNEDIC SVP, CORPORATE DEVELOPMENT 40.0 0.0 X 672029 0 92420 MR DONALD STEVENSON VP, Carbon MGMT & Conv 40.0 0.0 X 446488 0 93167 MR RICHARD KAELIN VP, GOVERMENT Services 40.0 0.0 X 451906 0 79345 MR DUNCAN ROBINSON VP, COMMERCIALIZATION 40.0 0.0 X 421152 0 90052 MR JEREMY OTAHAL VP, People & Customer Eng. 40.0 0.0 X 383963 0 78026 MS KRISTINEMILA WILEY VP, Low Carbon Energy 40.0 0.0 X 409291 0 37224 MR ANTHONY T LINDSAY MD, Infrastructure 40.0 0.0 X 361023 0 79229 MR SEYMOUR KHALILOV MD, Strategy & Bus Planning 40.0 0.0 X 358440 0 55056 MS ERIN BLANTON VP, Zero Emissions System 40.0 0.0 X 345584 0 50235 MR PAUL E GLANVILLE Senior DIRECTOR, R&D 40.0 0.0 X 219203 0 68361 MR WILLIAM W FOLLETT IV Program Director, SCO2 40.0 0.0 X 187849 0 27087 MR DAVID C CARROLL PRESIDENT & CEO - former 40.0 0.0 X 191780 0 5780 MR MICHAEL A RUTKOWSKI Officer - Former 40.0 0.0 X 124203 0 0 MR ARTHUR CORBIN DIRECTOR 0.92 0.0 X 0 0 0 MS REBECCA RANICH DIRECTOR 0.38 0.0 X 0 0 0 MR DAVID F SMITH DIRECTOR 0.0 0.0 X 0 0 0 MR JOHN W SOMERHALDER II VICE CHAIR 0.92 0.0 X 0 0 0 MS LORI TRAWEEK DIRECTOR 0.76 0.0 X 0 0 0 MR NICK STAVROPOULOS CHAIR 0.76 0.0 X 0 0 0 MR CARLOS CABRERA DIRECTOR 0.0 0.0 X 0 0 0 MR MICHAEL WEBBER DIRECTOR 0.46 0.0 X 0 0 0 MR SCOTT DRURY Director 0.61 0.0 X 0 0 0 MS LAUREN RILEY DIRECTOR 0.46 0.0 X 0 0 0 MR SUMEET SINGH director 0.46 0.0 X 0 0 0 MS TINA FARACA Director 0.0 0.0 X 0 0 0 7137513 0 992643 16 true true false THE SENECA 200 E CHESTNUT ST CHICAGO IL 60611 SEE STATMENT 1182948 OPTIFUEL SYSTEMS LLC 601 Bay St BEAUFORT SC 229025521 Product engineering 607351 HAVTECH SERVICE DIVISION LLC 9505 BERGER RD COLUMBIA MD 21046 SEE STATMENT 604831 DEEP SYSTEMS LLC 3259 BORDER ROAD GENEVA IL 60134 IT NETWORK SUPPORT 350615 PLANTE MORAN PLLC 16060 COLLECTIONS CENTER DR CHICAGO IL 60693 AUDIT SERVICES 301628 5 50288053 50288053 INDUSTRY SPONSORED RESEARCH 541700 54698778 46986250 7712528 EDUCATION/PROGRAM DEVELOPMENT 611710 4170802 4170802 58869580 1907943 624001 1283942 0 2465433 700000 1765433 630696 630696 0 630696 630696 21491256 18294612 3196644 3196644 3196644 0 0 0 0 0 0 0 0 0 EQUITY IN EARNINGS/(LOSS) OF AFFILIATES 541900 6814864 6814864 ADMIN SERVICES 561000 47065 47065 RECOVERY OF LOSS 900099 15164 15164 12452 12452 6889545 124247894 51157052 9083594 13719195 3000 3000 0 0 0 5144000 512684 4631316 0 39471241 14777673 24693568 4073954 1479691 2594263 7548579 2629128 4919451 3250355 1121207 2129148 2738735 2738735 191369 191369 324304 324304 238406 238406 0 303144 303144 34182439 32531118 1651321 302612 302612 4415216 3431861 983355 2169530 2169530 166500 166500 3823479 3823479 2039335 1116354 922981 0 165260 154124 11136 749201 749201 0 3703570 1270078 2433492 785114 785114 OTHER DIRECT COSTS OF SPONSORE 3340292 3340292 NON OP POSTRETIREMENT BEN. EXP -994305 -994305 OTHER EXPENSES 335908 335908 INCOME TAX RECOVERY -1263000 -1263000 -7000 -7000 117201238 62367210 54834028 0 1753831 1261523 796096 923391 0 0 32068952 30673828 0 0 0 0 6358500 6483300 0 0 786309 778047 53205040 44099524 9490933 9105516 63142825 63528891 20972767 27807631 0 0 2250000 750000 13769474 16407744 151389687 157719871 32880964 28281567 0 0 20206234 24737180 0 0 0 0 0 0 0 0 8500000 7500000 1186037 1077017 62773235 61595764 X 88616452 96124107 0 0 88616452 96124107 151389687 157719871 X 7046656 460999 X false true X true true true X 40563064 43289818 40044260 43707996 50288053 217893191 44480235 44354592 46016052 56381522 51172216 242404617 0 0 0 85043299 87644410 86060312 100089518 101460269 460297808 0 23005002 18893930 15741483 26159093 25378856 109178364 23005002 18893930 15741483 26159093 25378856 109178364 351119444 5691265 6335228 6252815 3957885 4130071 26367264 0 5691265 6335228 6252815 3957885 4130071 26367264 175923 171544 62639 38602 12452 461160 0 90910487 94151182 92375766 104086005 105602792 487126232 0.72080 0.71899 0.05413 0.05997 X false true false false false false true 186831 false false 186831 false 0 SCH C PART II-B LINE 1G GTI Energy's LOBBYING ACTIVITIES CONSIST OF AN EFFORT TO EDUCATE CONGRESS ON THE NEED TO SUPPORT CLEAN ENERGY SYSTEMS AND RELATED RESEARCH AND TECHNOLOGY DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC. 1831068 1032649 33609370 28777848 4831522 14595322 11848873 2746449 3169281 2674385 494896 9105516 27807631 C 27807631 POSTRET BEN ASSET-NET 12595058 DEFERRED TAX ASSET 1944000 VALUATION ALLOWANCE -253000 457 ASSETS AT TIAA 1632474 165-02 ROU AGOURA HILLS CA 243060 165-01 ROU WOODLAND HILLS CA 246152 16407744 0 DUE TO AFFILIATE 305927 253-02 LT LEASE AGOURA HILLS 159759 253-01 LT LEASE WOODLAND HILL 329419 236-02 ST LEASE AGOURA HILLS 102425 236-01 ST LEASE WOODLAND HILL 179487 1077017 East Asia and the Pacific Program Services Indirect Mgmt Activity 7000 East Asia and the Pacific Program Services Scientific Research 3000 Europe (Including Iceland and Greenland) Program Services Indirect Mgmt Activity 43000 Europe (Including Iceland and Greenland) Program Services Scientific Research 40000 Middle East and North Africa Program Services Indirect Mgmt Activity 2000 Middle East and North Africa Program Services Scientific Research 20000 North America Program Services Indirect Mgmt Activity 27000 North America Program Services Scientific Research 30000 Russia and the Newly Independent States Program Services Indirect Mgmt Activity 3000 Sub-Saharan Africa Program Services Indirect Mgmt Activity 24000 199000 199000 false false false false false false X X X true true X X X X X false false false false false false false true false MR DAVID C CARROLL PRESIDENT & CEO - former 191780 5780 197560 MR RONALD N SNEDIC SVP, CORPORATE DEVELOPMENT 348400 319267 4362 49799 42621 764449 MR JAMES F INGOLD SVP of FINANCE, TREASURER, CFO 235385 328330 158499 49716 25029 796959 MR DONALD STEVENSON VP, Carbon MGMT & Conv 269420 174746 2322 49799 43368 539655 MR ANTHONY T LINDSAY MD, Infrastructure 227052 129935 4036 49299 29930 440252 MR QUINTON B FORD SVP, Tech Dev, Gen Counsel, Co 349178 329602 5994 49799 33084 767657 DR PAULA A GANT President & CEO 488989 664713 3912 49799 29234 1236647 MR MICHAEL A RUTKOWSKI Officer - Former 124203 124203 MR WILLIAM W FOLLETT IV Program Director, SCO2 150442 28000 9407 24037 3050 214936 MR PAUL E GLANVILLE Senior DIRECTOR, R&D 181981 36098 1124 23816 44545 287564 MS KRISTINEMILA WILEY VP, Low Carbon Energy 267123 141628 540 37224 446515 MR RICHARD KAELIN VP, GOVERMENT Services 271940 179156 810 37724 41621 531251 MR DUNCAN ROBINSON VP, COMMERCIALIZATION 268257 151653 1242 45231 44821 511204 MR SEYMOUR KHALILOV MD, Strategy & Bus Planning 154361 104380 99699 29157 25899 413496 MR JEREMY OTAHAL VP, People & Customer Eng. 213008 139793 31162 37682 40344 461989 MS ERIN BLANTON VP, Zero Emissions System 244143 100631 810 37224 13011 395819 PART I LINE 1A GTI ENERGY REQUIRES PRIOR WRITTEN APPROVAL OF THE PRESIDENT AND CEO, OR THE SVP OF FINANCE, TREASURER AND CFO IN ORDER TO REIMBURSE ANY COSTS RELATED TO A SPOUSE ACCOMPANYING A STAFF MEMBER ON A BUSINESS TRIP. GTI ENERGY REIMBURSES FOR FIRST CLASS TRAVEL AND ANY COSTS RELATED TO THE BUSINESS TRIP IN ACCORDANCE WITH A WRITTEN POLICY AND PROCEDURE. GTI ENERGY REIMBURSES ALL EMPLOYEES UP TO $300 PER YEAR FOR HEALTH CLUB DUES SUBSTANTIATED BY A RECEIPT. PART I LINE 7 NON-OFFICERS LISTED IN PART VII, SECTION A ARE ELIGIBLE FOR INCENTIVE COMPENSATION UNDER GTI ENERGY'S MANAGEMENT INCENTIVE PLAN. RECOMMENDED BONUSES ARE CALCULATED UNDER TERMS OF THE PLAN, AND THE ACTUAL INCENTIVE AWARDED MUST HAVE THE APPROVAL OF THE PRESIDENT OF GTI ENERGY. OFFICER INCENTIVE COMPENSATION IS DETERMINED UNDER THE TERMS OF THE AWARD, AND THE ACTUAL INCENTIVE AWARDED IS SUBJECT TO DISCRETIONARY ADJUSTMENT BY, AND THE APPROVAL OF, THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A The directors of the corporation excluding the ex-officio directors shall be divided into three groups, as nearly equal in number as possible. At each annual meeting, successors to the group of director whose terms are ending at such meeting shall be elected for a term expiring at the third annual meeting of the board of directors following such election. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE ORGANIZATION'S ARTICLES OF INCORPORATION can be done by the board of directors. FORM 990, PART VI, SECTION B, LINE 11B THE SENIOR VICE PRESIDENT OF FINANCE AND ACCOUNTING REVIEWS THE FORM 990 PRIOR TO ITS DISTRIBUTION TO MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C ALL GTI ENERGY EMPLOYEES ARE COVERED BY A WRITTEN CONFLICT OF INTEREST POLICY. GTI ENERGY'S EMPLOYEES ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. CONFLICTS OF INTEREST MUST ALSO BE REPORTED IMMEDIATELY BY EMPLOYEES. POTENTIAL AND ACTUAL EMPLOYEE CONFLICTS OF INTEREST ARE REVIEWED BY THE GENERAL COUNSEL. ALL EMPLOYEES HAVE THE OBLIGATION TO OBTAIN THE GENERAL COUNSEL'S PRIOR WRITTEN APPROVAL FOR ALL SUCH ACTIVITY. THE FAILURE TO OBTAIN THE GENERAL COUNSEL'S PRIOR WRITTEN APPROVAL MAY CONSTITUTE GROUNDS FOR IMMEDIATE DISMISSAL WITH CAUSE. GTI ENERGY HAS A SEPARATE CONFLICT OF INTEREST POLICY FOR ITS BOARD OF DIRECTORS AND OFFICERS. THE DIRECTORS AND OFFICERS ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. CONFLICTS OF INTEREST MUST ALSO BE REPORTED IMMEDIATELY BY DIRECTORS AND OFFICERS. IF A CONFLICT OF INTEREST IS IDENTIFIED, SUCH CONFLICT OF INTEREST IS PRESENTED TO THE BOARD'S AUDIT COMMITTEE FOR REMEDIAL ACTION. THESE ACTIONS MAY RANGE FROM GTI ENERGY WAIVING THE CONFLICT OF INTERST TO THE CONFLICTED INDIVIDUAL'S RECUSAL IN ANY BUSINESS TRANSACTIONS INVOLVING GTI ENERGY AND THE CONFLICTED ENTITY OR THE OTHER INTERESTED ORGANIZATION, TO REQUIRING THE CONFLICTED INDIVIDAUL WITHDRAW FROM INVOLVEMENT WITH THE OTHER ORGANIZATION, TO OTHER ACTIONS THAT ASSURE THE CONFLICT OF INTEREST, OR EVEN THE APPEARANCE OF A CONFLICT OF INTEREST MAY BE AVOIDED. FORM 990, PART VI, SECTION B, LINE 15 THE POSITIONS THAT WERE REVIEWED INCLUDED THE PRESIDENT AND CEO, SENIOR VICE PRESIDENT OF TECHNOLOGY DEVELOPMENT, GENERAL COUNSEL AND SECRETARY, SENIOR VICE PRESIDENT OF CORPORATE DEVELOPMENT, SENIOR VICE PRESIDENT OF FINANCE AND TREASURER, VICE PRESIDENT OF LOW CARBON ENERGY SOLUTIONS, VICE PRESIDENT OF CARBON MANAGEMENT, VICE PRESIDENT OF DIGITAL INNOVATION, VICE PRESIDENT OF ZERO EMISSION SYSTEMS, VICE PRESDENT OF COMMMERCIALIZATION, AND VICE PRESIDENT OF GOVERNMENT SERVICES. ANNUALLY, AN OUTSIDE COMPANY, KORN FERRY, DETERMINES THE APPROPRIATE TOTAL COMPENSATION RANGES FOR THE ABOVE POSITIONS. A RECOMMENDATION FOR MERIT INCREASES AND BONUSES IS MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, ANNUALLY, BASED ON THE EXTERNAL MARKET STUDY PERFORMED BY KORN FERRY, THE COMPANY'S PERFORMANCE, AND THE INDVIDIUAL'S PERFORMANCE. THE COMPENSATION COMMITTEE DETERMINES THE FINAL MERIT INCREASE AND BONUS AMOUNTS. MERIT INCREASES FOR OFFICERS ARE BASED ON SPECIFIC FORMULAS WHICH INCORPORATE TARGET AMOUNTS FOR EACH SET OF INCREASES, AND ARE INCREASED OR REDUCED COMPANYWIDE, BASED ON THE DIRECTION OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE SPECIFICALLY APPROVES COMPENSATION FOR OFFICERS. THEIR ACTIONS ARE DETAILED IN THE COMPENSATION COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G TOTAL OF OTHER SERVICES EXCEEDS 10% OF LINE 25 COL (A), THEREFORE A LIST OF EXPENSES FOLLOWS: ENGINEERING AND TECHNICAL SERVICES- $30,786,419 EDUCATION AND TRAINING SERVICES- $423,941, PATENT MAINTENANCE SERVICES- $1,228,464 AND ADVOCACY SERVICES $92,294. FORM 990, PART I, LINE 1 PARTNERS ACROSS EVERY SECTOR TRUST US TO BUILD AND DEMONSTRATE SOLUTIONS FOR BETTER-PERFORMING ENERGY SYSTEMS. GUIDED BY SYSTEMS THINKING, COLLABORATION, AND INNOVATION, WE ARE FOCUSED ON DRIVING PROGRESS THAT MATTERS FOR PEOPLE EVERYWHERE. FORM 990, PART VII, SECTION B THE SENECA: TELECOMMUNICATIONS CONTRACTUAL SUPPORT SERVICES HAVTECH SERVICE DIVISION LLC: HVAC EQUIPMENT FABRICATION AND INSTALLATION FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:34182439 GTI INTERNATIONAL INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 364349614 PRODUCT COMME DE NA C CORP -485003 31152649 1.00000 false FRONTIER ENERGY 1000 BROADWAY SUITE 410 OAKLAND CA 94607 942802034 ENERGY CONSUL CA GTI INTERNATION C CORP 5900335 26895245 1.00000 false PROJEO CORPORATION 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 823645843 ENERGY CONSUL IL GTI INTERNATION C CORP -473577 2678349 1.00000 false SUNGAS RENEWABLES INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 863847820 ENERGY CONSUL DE GTI INTERNATION C CORP 9057061 0 0.69600 false PROJEO SOLUTIONS CORPORATION 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 873914402 ENERGY CONSUL DE GTI INTERNATION C CORP 0 10 1.00000 false REV INNOVATIONS INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 871466439 ENERGY CONSUL DE NA C CORP -335572 72242 1.00000 false true false false true false true false false false false false true true false false true true false true GTI INTERNATIONAL INC A 281758 CASH TRANSFERRE SUNGAS RENEWABLES INC A 700000 CASH TRANSFERRE GTI INTERNATIONAL INC D 7169800 CASH TRANSFERRE FRONTIER ENERGY L 304005 PART VII NOTE 2 GTI INTERNATIONAL INC L 163038 PART VII NOTE 1 SUNGAS RENEWABLES INC L 269886 PART VII NOTE 2 REV INNOVATIONS INC L 60373 PART VII NOTE 2 PROJEO CORPORATION L 193924 PART VII NOTE 1 FRONTIER ENERGY M 399863 PART VII NOTE 5 REV INNOVATIONS M 106681 PART VII NOTE 6 FRONTIER ENERGY Q 2213158 PART VII NOTE 3 SUNGAS RENEWABLES INC Q 302256 PART VII NOTE 3 REV INNOVATIONS INC Q 52672 PART VII NOTE 3 PROJEO CORPORATION Q 614382 PART VII NOTE 3 GTI INTERNATIONAL INC S 7045000 CASH TRANSFERRE REV INNOVATIONS INC A 344874 CASH TRANSFERRE PART V LINE 2, (5), (8) Note 1 THE FAIR VALUE OF THE ADMINSTRATIVE SERVICES PERFORMED FOR THE RELATED ORGANIZATION WAS DETERMINED USING GTI'S ACTUAL COST OF LABOR, THE ACTUAL FRINGE RATE FOR THE YEAR, AND 7% OF THE LABOR COST PLUS FRINGE. PART V LINE 2, (4), (6), (7) Note 2 THE FAIR VALUE OF THE ADMINISTRATIVE AND TECHNICAL INDIRECT SERVICES PERFORMED FOR THE RELATED ORGANIZATIONS WAS DETERMINED USING GTI ENERGY'S ACTUAL COST OF LABOR, THE ACTUAL FRINGE RATE FOR THE YEAR, AND 7% OF THE LABOR COST PLUS FRINGE, THE FAIR VALUE OF TECHNICAL SERVICES PERFORMED UNDER CUSTOMER PROJECTS OF THE RELATED ORGANIZATION WAS DETERMINED USING GTI ENERGY'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES, OR FOR OTHER TECHNICAL SERVICES PROJECTS, THE LABOR PORTION WAS VALUED USING STANDARD COMMERCIAL T&M BILLING RATES. PART V LINE 2 (11), (12), (13), (14) Note 3 THE FAIR VALUES OF EXPENSES REIMBURSED BY RELATED ORGANIZATIONS TO GTI ENERGY AND INCURRED IN CONJUNCTION WITH THE PERFORMANCE OF ADMINISTRATIVE OR TECHNICAL INDIRECT SERVICES BY GTI ENERGY, WERE DETERMINED TO BE THE AMOUNT OF GTI ENERGY'S ACTUAL COST OF THOSE EXPENSES, OR THE AMOUNT AT WHICH THE EXPENSES WERE ULTIMATELY INVOICED TO THE SPONSOR OF THE WORK. PART V LINE 2(12) Note 4 THE FAIR VALUE OF EXPENSE REIMBURSEMENTS PAID TO THE RELATED PARTY WERE DETERMINED TO BE AT COST, OR THE AMOUNT AT WHICH THE EXPENSES WERE ULTIMATELY INVOICED TO THE SPONSOR OF THE WORK. PART V LINE 2(9) Note 5 THE FAIR VALUE OF THE FEI SERVICES PERFORMED TO EXECUTE A PORTION OF THE SCOPE OF WORK ON GTI ENERGY CUSTOMER SPONSORED PROJECTS WAS DETERMINED USING FEI'S COMMERCIAL BILLING RATES FOR 2023, OR FEI'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES, AND FEE, IF APPLICABLE. PART V LINE 2 (10) Note 6 THE FAIR VALUE OF THE PROJEO SERVICES PERFORMED WAS BASED ON PROJEO'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES.