2018-01-11T15:13:51-06:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1075 Peachtree Street NE Suite 2200 Atlanta GA 30309 990 2016-07-01 580603146 Georgia Tech Research Corporation GEOR 4048944819 505 Tenth Street NW Atlanta GA 303320415 Jilda Diehl Garton Vice President 4048944819 2018-01-10 1 Amanda Adams P00748038 4042090954 68.142.180.174 2018-01-10 17:34:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 44A5B1D9D812E1757D1A4D25657B9CF0E2C342D9 2016 2021-01-29 14:40:06Z Jilda Diehl Garton 505 Tenth Street NW Atlanta GA 303320415 310164195 0 X www.gtrc.gatech.edu X 1937 GA Georgia Tech Research Corporation advances research and technological development at Georgia Tech as it continually seeks to advance society and the global competitiveness of Georgia and the nation. GTRC supports and promotes research through its stewardship of the funds for sponsored research and financial support of research activities. GTRC embodies Georgia Tech's founding spirit of entrepreneurship and focus on the applications of engineering, science and technology to the creation of meaningful new ideas, methods, and opportunities. Through Technology Transfer, GTRC enables the institute to maintain beneficial partnerships with public and private sectors in research and technology to assure the benefits of discovery are widely disseminated. 12 9 0 0 93806 85279 0 0 295853989 297647035 254077 691852 1161993 1760594 297270059 300099481 280139275 5931503 0 0 4808124 0 0 0 0 11214814 290814179 296162213 296745682 1107846 3353799 124450970 129764692 93663840 95623763 30787130 34140929 the georgia tech research corporation (GTRC) 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 290066725 5931503 297647035 The Georgia Institute of Technology research activity is supported by the Georgia Tech Research Corporation which consists of over 2,000 individual projects for governments, industry, and individuals. payments and reimbursement of expenses and grants to and for the benefit of the georgia institute of technology have been made. the georgia tech 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. 290066725 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 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 1 303 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 12 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Barbara Alexander 4048946962 505 Tenth St NW Atlanta GA 303320415 Scott M Frank Chair, Trustee 0.50 0.50 X 0 0 0 Stephen E Cross President, Trustee 1.00 40.00 X X 0 368540 132962 John Avery Trustee 0.50 0.50 X 0 0 0 Rafael L Bras Trustee 0.50 40.00 X 0 445907 191342 Ronald L Bracken Trustee 0.50 0.50 X 0 0 0 Charles Concannon Trustee 0.50 0.50 X 0 0 0 Patricia Falcone Trustee 0.50 0.50 X 0 0 0 Lou Graziano Trustee 0.50 0.50 X 0 0 0 Xiaoyan Huang Trustee 0.50 0.50 X 0 0 0 Deryl Israel Trustee 0.50 0.50 X 0 0 0 Steven G Swant Trustee 0.50 40.00 X 0 354205 149942 Frederic Villeneuve Trustee 0.50 0.50 X 0 0 0 Jilda Diehl Garton Vice President 22.00 18.00 X 0 276344 35984 Gary May Secretary (Through 5/31) 40.00 0.50 X 0 347830 50330 Paul Goldbart Secretary (Starting 6/1) 40.00 0.50 X 0 315000 47479 BARBARA J ALEXANDER Asst Sec. & Asst Treas. 20.00 20.00 X 0 130132 30053 James G Fortner Asst Sec. & Asst Treas. 1.00 40.00 X 0 199107 50606 Bruce Henry Asst Sec. & Asst Treas. 24.00 16.00 X 0 92069 38862 Lauren MacLanahan Asst Secretary & General C 28.00 12.00 X 0 154786 37519 Anita McKinney Asst Secretary 12.00 28.00 X 0 90239 21490 Trudy Riley Asst Secretary 40.00 X 0 0 0 Dana Simpson Asst Secretary 40.00 X 0 110283 37830 Kevin Wozniak Asst Secretary 24.00 16.00 X 0 193483 43652 Albert Concord Security Officer 1.00 40.00 X 0 162986 25604 Terry Bray Asst Director 32.00 8.00 X 0 160792 30557 Sophia Herbert-Peterson Asst Director 30.00 10.00 X 0 134599 35218 Neil Vitro Dir - Financial Admin II 20.00 20.00 X 0 129057 25918 Mary Beran Asst Director 14.00 26.00 X 0 128588 44038 Jeffrey Stelzer Asst Director 36.00 4.00 X 0 112717 41679 G Duane Hutchison Asst Sec. & Asst Treas. - Retired 9.00 31.00 X 0 147255 18322 0 4053919 1089387 0 1 1 0 Georgia Institute of Technology 225 North Avenue Atlanta GA 30332 Research 299197223 Georgia Tech Foundation 760 Spring Street NW Atlanta GA 30308 Research 2924722 Hitachi High Technologies America Inc PO Box 70481 Chicago IL 60673 Research 1505537 Troutman Sanders LLP Bank of America Plaza 600 Peachtre Atlanta GA 30332 Legal 1484039 Georgia Tech Facilities 225 North Ave Lyman Hall Rm 325 Atlanta GA 30332 Building Renov. 1454842 19 Research Contracts 541700 297647035 297647035 297647035 321150 321150 1666788 1666788 10064714 10064714 0 370702 0 370702 370702 370702 K-1 Income 523000 93806 93806 93806 300099481 297647035 93806 2358640 X 5931503 5931503 174436 174436 156635 156635 280951833 280951833 92931 92931 2845684 2845684 93965 93965 337705 337705 296230 296230 SHARED EMPLOYEE EXPENSE 5606760 5606760 PROFESSIONAL DEVELOPMEN 18882 18882 239118 239118 296745682 290066725 6678957 0 76239503 71315489 39635251 51387818 48640 71617 3462578 2309815 1384931 1152763 124 128 5432513 4793975 1710008 1042902 124450970 129764692 35152585 43425030 53078743 47404758 5432512 4793975 93663840 95623763 X 30787130 34140929 30787130 34140929 124450970 129764692 3353799 0 X X 0 1 X 1 1 1 X X X 1 georgia institute of technology 586002023 6 1 5931503 0 1 5931503 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. As a result, GTRC 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. GTRC serves as a contracting entity for GIT and can enter into long term contracts without obligating the state of Georgia or GIT. 240735 X 0 869420 390924 478496 2329568 1918891 410677 263590 263590 1152763 LEASE OBLIGATION 4793975 4793975 310164195 10064714 10064714 300099481 0 300099481 306810396 10064714 10064714 296745682 0 296745682 Part III, Line 4: THE ORGANIZATION'S COLLECTION IS THE INSTITUTE OF PAPER SCIENCE TECHNOLOGY MUSEUM COLLECTION. THE MUSEUM IS OPEN TO THE PUBLIC AND SCHEDULES A VARIETY OF TOURS INCLUDING THOSE FOR ADULTS, SCHOOLS, CAMPS, AND CHILD CARE CENTERS. Part XI, Line 2d - Other Adjustments: RENTAL EXPENSE 10,064,714. Part XII, Line 2d - Other Adjustments: RENTAL EXPENSE 10,064,714. 1 Georgia Institute of Technology 225 North Avenue Atlanta GA 303320257 586002023 170(c)(1) 5931503 0 RESEARCH PROGRAM SUPPORT 1 0 Part I, Line 2: PURSUANT TO AN AGREEMENT BETWEEN GTRC AND THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, DATED APRIL 1, 1953, THE GTRC 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 GTRC. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE GRANT FUNDS. 0 1 0 0 0 0 0 0 0 Stephen E Cross President, Trustee 0 368540 0 0 0 0 0 110806 0 22156 0 501502 0 0 Rafael L Bras Trustee 0 435907 0 0 0 10000 0 168886 0 22456 0 637249 0 0 Steven G Swant Trustee 0 353755 0 0 0 450 0 127486 0 22456 0 504147 0 0 Jilda Diehl Garton Vice President 0 276344 0 0 0 0 0 24486 0 11498 0 312328 0 0 Gary May Secretary (Through 5/31) 0 347830 0 0 0 0 0 32134 0 18196 0 398160 0 0 Paul Goldbart Secretary (Starting 6/1) 0 315000 0 0 0 0 0 24486 0 22993 0 362479 0 0 BARBARA J ALEXANDER Asst Sec. & Asst Treas. 0 130132 0 0 0 0 0 19401 0 10652 0 160185 0 0 James G Fortner Asst Sec. & Asst Treas. 0 199107 0 0 0 0 0 29332 0 21274 0 249713 0 0 Lauren MacLanahan Asst Secretary & General C 0 154786 0 0 0 0 0 15087 0 22432 0 192305 0 0 Kevin Wozniak Asst Secretary 0 193483 0 0 0 0 0 18803 0 24849 0 237135 0 0 Albert Concord Security Officer 0 160986 0 2000 0 0 0 23284 0 2320 0 188590 0 0 Terry Bray Asst Director 0 160792 0 0 0 0 0 14068 0 16489 0 191349 0 0 Sophia Herbert-Peterson Asst Director 0 134599 0 0 0 0 0 13201 0 22017 0 169817 0 0 Neil Vitro Dir - Financial Admin II 0 129057 0 0 0 0 0 18848 0 7070 0 154975 0 0 Mary Beran Asst Director 0 128588 0 0 0 0 0 19798 0 24240 0 172626 0 0 Jeffrey Stelzer Asst Director 0 112717 0 0 0 0 0 11805 0 29874 0 154396 0 0 G Duane Hutchison Asst Sec. & Asst Treas. - Retired 0 147105 0 0 0 150 0 11573 0 6749 0 165577 0 0 Schedule J, Part II THREE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) SENIOR ADMINISTRATORS SIT ON THE BOARD OF THE ORGANIZATION. ALL PARTICIPATE IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN STRUCTURED UNDER IRS SECTION 415(M). CONTRIBUTIONS TO THE PLAN IN 2016 WERE FUNDED BY THE INSTITUTE AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II COLUMN C: DEFERRED COMPENSATION. DR. RAFAEL BRAS, A Trustee OF THE ORGANIZATION IS PROVOST AND EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS OF THE INSTITUTE. STEVEN G. SWANT, A Trustee OF THE CORPORATION IS EXECUTIVE VICE PRESIDENT, ADMINISTRATION AND FINANCE OF THE INSTITUTE. Stephen E. Cross, a trustee of the organization, is Executive Vice President for Research of the Institute. NON-QUALIFIED AMOUNT INCLUDED IN RETIREMENT & OTHER DEFERRED COMPENSATION: STEVEN G. SWANT: $50,000 RAFAEL L. BRAS: $115,400 STEPHEN E. CROSS: $57,320 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 distributed to the audit committee of the Georgia Tech Research Corporation prior to filing and is reviewed by the Controller. Form 990, Part VI, Section B, line 12c georgia tech 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 The organization's bylaws, Articles of Incorporation, Financials, and Conflict of Interest policy are available on the organization's website. Form 990, Part IX, line 11g Research performed by GIT: Program service expenses 280,951,833. Management and general expenses 0. Fundraising expenses 0. Total expenses 280,951,833. form 990, part xii, line 2c: georgia tech research corporation has an audit committee that assumes responsibility for the oversight of the financial statement audit and selection of the organization's independent accountant. The audit committee also reviews the Form 990 before it is filed. Georgia Tech Applied Research Corporation 505 Tenth St NW atlanta GA 30332 582374837 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 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 Georgia Tech Global Inc 221 Uncle Heinie Way NW Atlanta GA 303320257 271070747 Support international activities of GIT GA 501(c)(3) Line 12a, I 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 N 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 N Avenue NW atlanta GA 30332 582538285 Economic Development GA 501(c)(3) Line 12a, I georgia Institute of Technology 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 1 0 0