GEORGIA TECH RESEARCH CORPORATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA TECH RESEARCH CORPORATION (EIN 58-0603146)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-01-30
- IRS object ID
- 201730309349301103
- Schema version
- 2015v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-01-30T14:44:36-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1075 Peachtree Street NE Suite 2200 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30309 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580603146 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Georgia Tech Research Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GEOR | BusinessNameControlTxt |
| Phone | 4048946959 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 Tenth Street NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303320415 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jilda Diehl Garton | PersonNm |
| Person Title | Vice President | PersonTitleTxt |
| Phone | 4048946959 | PhoneNum |
| Signature | 2017-01-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Christine W Pierce | PreparerPersonNm |
| PTIN | P00436339 | PTIN |
| Phone | 4042090954 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Jilda Diehl Garton | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 505 Tenth St NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303320415 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $307,106,015 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.gtrc.gatech.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $80,080 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $72,154 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $301,352,252 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $295,853,989 | CYProgramServiceRevenueAmt |
| PY Investment Income | $192,421 | PYInvestmentIncomeAmt |
| CY Investment Income | $254,077 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,834,450 | PYOtherRevenueAmt |
| CY Other Revenue | $1,161,993 | CYOtherRevenueAmt |
| PY Total Revenue | $303,379,123 | PYTotalRevenueAmt |
| CY Total Revenue | $297,270,059 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $286,144,983 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $280,139,275 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,164,692 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,808,124 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,548,011 | PYOtherExpensesAmt |
| CY Other Expenses | $11,214,814 | CYOtherExpensesAmt |
| PY Total Expenses | $300,857,686 | PYTotalExpensesAmt |
| CY Total Expenses | $296,162,213 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,521,437 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,107,846 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $116,228,292 | TotalAssetsBOYAmt |
| Total Assets EOY | $124,450,970 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $86,549,008 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $93,663,840 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $29,679,284 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $30,787,130 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $294,967,147 | ExpenseAmt |
| Grant | $280,139,275 | GrantAmt |
| Revenue | $295,853,989 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $294,967,147 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 281 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Barbara Alexander | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4048946962 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Georgia Institute of Technology | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303320415 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Rafael L Bras | |||||||||
| Trustee | 0.50 | 40.00 | Yes (X) | $0 | $435,962 | $190,116 | |||
| Steven G Swant | |||||||||
| Trustee | 0.50 | 40.00 | Yes (X) | $0 | $344,078 | $148,916 | |||
| Lou Graziano | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Ronald L Bracken | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Ben J Dyer | |||||||||
| Trustee Emeritus Non-voting | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Scott M Frank | |||||||||
| Chair, Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Deryl Israel | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| J Leland Strange | |||||||||
| Trustee Emeritus Non-voting | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| John Avery | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Patricia Falcone | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Frederic Villeneuve | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| Xiaoyan Huang | |||||||||
| Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Charles Concannon | |||||||||
| Vice Chair, Trustee | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Stephen E Cross | |||||||||
| President, Trustee | 0.00 | 40.00 | Yes (X) | $0 | $409,668 | $132,356 | Yes (X) | ||
| Gary May | |||||||||
| Secretary | 40.00 | 0.50 | $343,312 | $0 | $49,654 | Yes (X) | |||
| BARBARA J ALEXANDER | |||||||||
| Asst Sec. & Asst Treas. | 20.00 | 20.00 | $63,353 | $63,353 | $27,808 | Yes (X) | |||
| James G Fortner | |||||||||
| Asst Sec. & Asst Treas. | 0.00 | 40.00 | $0 | $188,291 | $47,085 | Yes (X) | |||
| Jilda Diehl Garton | |||||||||
| Vice President | 22.00 | 18.00 | $149,144 | $122,027 | $33,444 | Yes (X) | |||
| G Duane Hutchison | |||||||||
| Asst Sec. & Asst Treas. | 9.00 | 31.00 | $41,942 | $144,468 | $41,086 | Yes (X) | |||
| Anita McKinney | |||||||||
| Asst Secretary | 12.00 | 28.00 | $25,604 | $59,743 | $19,630 | Yes (X) | |||
| Kevin Wozniak | |||||||||
| Asst Secretary | 24.00 | 16.00 | $111,203 | $74,136 | $41,842 | Yes (X) | |||
| Lauren MacLanahan | |||||||||
| Asst Secretary & General Counsel | 28.00 | 12.00 | $99,457 | $42,625 | $34,647 | Yes (X) | |||
| Bruce Henry | |||||||||
| Asst Sec. & Asst Treas. | 24.00 | 16.00 | $52,845 | $35,230 | $37,813 | Yes (X) | |||
| Albert Concord | |||||||||
| Security Officer | 0.00 | 40.00 | $0 | $168,931 | $23,964 | Yes (X) | |||
| Nicholas Perez | |||||||||
| Director IT & Facilities | 20.00 | 20.00 | $57,507 | $57,507 | $30,678 | Yes (X) | |||
| Mary Beran | |||||||||
| Asst Director | 14.00 | 26.00 | $36,436 | $67,666 | $37,055 | Yes (X) | |||
| Sophia Herbert-Peterson | |||||||||
| Asst Director | 30.00 | 10.00 | $78,348 | $26,116 | $30,540 | Yes (X) | |||
| Jeffrey Stelzer | |||||||||
| Asst Director | 36.00 | 4.00 | $104,068 | $11,560 | $34,296 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,163,219 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,251,361 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $960,930 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Georgia Institute of Technology | |||||
| 225 North Avenue | Atlanta | GA | 30332 | Research | $293,589,215 |
| Georgia Tech Foundation | |||||
| 760 Spring Street NW | Atlanta | GA | 30308 | Research | $2,497,441 |
| Georgia Tech Facilities | |||||
| 225 North Ave Lyman Hall Rm 325 | Atlanta | GA | 30332 | Building Improvements | $1,455,505 |
| Troutman Sanders LLP | |||||
| Bank of America Plaza 600 Peachtre | Atlanta | GA | 30332 | Legal - Patent Expense | $1,385,601 |
| Georgia Research Alliance | |||||
| 50 Hurt Plaza Suite 1220 | Atlanta | GA | 30303 | Operating Support | $402,983 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Research Contracts | Desc |
| Business | 541700 | BusinessCd |
| Total Revenue Column | $295,853,989 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $295,853,989 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $295,853,989 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $254,077 | TotalRevenueColumnAmt |
| Exclusion | $254,077 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,074,973 | TotalRevenueColumnAmt |
| Exclusion | $1,074,973 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $9,835,956 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $9,835,956 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| Partnership Investment | 523000 | $80,080 | $80,080 | |
| Fees | 900099 | $6,940 | $6,940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $87,020 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $297,270,059 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $295,860,929 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $80,080 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,329,050 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,139,275 | TotalAmt |
| Program Services | $280,139,275 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $886,369 | TotalAmt |
| Program Services | $886,369 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,921,755 | TotalAmt |
| Program Services | $3,921,755 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,139 | TotalAmt |
| Management And General | $18,139 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $157,985 | TotalAmt |
| Management And General | $157,985 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,809,759 | TotalAmt |
| Program Services | $2,809,759 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,062 | TotalAmt |
| Management And General | $45,062 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,840,621 | TotalAmt |
| Program Services | $6,840,621 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $369,368 | TotalAmt |
| Program Services | $369,368 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $304,635 | TotalAmt |
| Management And General | $304,635 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Administrative and Gene | Desc |
| Total | $669,245 | TotalAmt |
| Management And General | $669,245 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,162,213 | TotalAmt |
| Program Services | $294,967,147 | ProgramServicesAmt |
| Management And General | $1,195,066 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,002,487 | BOYAmt |
| EOY | $76,239,503 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,062,243 | BOYAmt |
| EOY | $39,635,251 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $633,012 | BOYAmt |
| EOY | $1,710,008 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,017 | BOYAmt |
| EOY | $48,640 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,357,041 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,972,110 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,628,410 | BOYAmt |
| EOY | $1,384,931 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123 | BOYAmt |
| EOY | $124 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,602,030 | BOYAmt |
| EOY | $5,432,513 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,970 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,228,292 | BOYAmt |
| EOY | $124,450,970 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,581,623 | BOYAmt |
| EOY | $35,152,585 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,167,385 | BOYAmt |
| EOY | $53,078,743 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,800,000 | BOYAmt |
| EOY | $5,432,512 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,549,008 | BOYAmt |
| EOY | $93,663,840 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,679,284 | BOYAmt |
| EOY | $30,787,130 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,679,284 | BOYAmt |
| EOY | $30,787,130 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,228,292 | BOYAmt |
| EOY | $124,450,970 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,107,846 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | georgia institute of technology | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586002023 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $296,815,852 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $296,815,852 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Section D, Line 3 | There are twelve (12) members of the Board of Trustees. Three are GIT faculty members. 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 organization 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. |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $240,735 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $812,587 | OtherCostOrOtherBasisAmt |
| Depreciation | $309,347 | DepreciationAmt |
| Book Value | $503,240 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,303,719 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,662,763 | DepreciationAmt |
| Book Value | $640,956 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $240,735 | OtherCostOrOtherBasisAmt |
| Book Value | $240,735 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,384,931 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Obligation under leases - Current Portion | $343,977 |
| Obligation under leases - Long-term Portion | $5,088,535 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,432,512 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $307,106,015 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $9,835,956 | OtherRevenueAmt |
| Revenue Not Reported | $9,835,956 | RevenueNotReportedAmt |
| Revenue Subtotal | $297,270,059 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $297,270,059 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $305,998,169 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,835,956 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,835,956 | ExpensesNotReportedAmt |
| Expenses Subtotal | $296,162,213 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $296,162,213 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 2d - Other Adjustments: | Lease Expense 9,835,956. |
| Part XII, Line 2d - Other Adjustments: | Lease expenses 9,835,956. |
| Schedule D, Part III, Line 4 | 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. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|
| europe | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| Central America & Caribbean | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| East Asia & Pacific | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| Middle East & North Africa | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| North America | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| Russia & Newly Independent States | 0 | 0 | PROGRAM SERVICES | Sponsored Research |
| South America | 0 | 0 | Program Services | Sponsored Research |
| Sub-Saharan Africa | 0 | 0 | Program Services | Sponsored Research |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $0 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $0 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Georgia Institute of Technology | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 North Avenue | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303320257 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 586002023 | RecipientEIN |
| IRC Section | 115(1) | IRCSectionDesc |
| Cash Grant | $280,139,275 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | Sponsored Research | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | SUBRECIPIENT POLICIES AND PROCEDURES THE 1953 AGREEMENT BETWEEN THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA AND THE BOARD OF TRUSTEES OF GEORGIA TECH RESEARCH CORPORATION ESTABLISHED THE CORPORATION'S RELATIONSHIP WITH GEORGIA TECH. IN ACCORDANCE WITH THAT AGREEMENT, WORK CONTRACTED WITH THE CORPORATION IS ASSIGNED TO GEORGIA TECH FOR PERFORMANCE. A SUBAGREEMENT MAY BE REQUIRED IF PART OF THE RESEARCH EFFORT UNDER A GRANT OR CONTRACT IS TO BE PERFORMED BY AN OUTSIDE ORGANIZATION OR INSTITUTION. SUBCONTRACTS SHOULD BE SET UP AS SOON AS POSSIBLE AFTER THE RECEIPT OF AN AWARD. THE PRINCIPLE INVESTIGATOR (PI) IS REQUIRED TO OBTAIN DOCUMENTATION OF QUOTES FROM ALTERNATIVE VENDORS OR COMPLETE A SOLE SOURCE JUSTIFICATION FORM. IN ADDITION, HE/SHE IS REQUIRED TO PROVIDE INFORMATION OF THE TECHNICAL COMPETENCE OF THE SOLE SOURCE SELECTION. GEORGIA TECH IS RESPONSIBLE FOR ENSURING THAT ALL SUBRECIPIENTS OF ITS SPONSORED RESEARCH AWARDS ARE IN COMPLIANCE WITH APPLICABLE REQUIREMENTS. IN ACCORDANCE WITH OMB CIRCULAR A-133 COMPLIANCE SUPPLEMENT SECTION 3.M, GEORGIA TECH IS REQUIRED TO MONITOR ALL SUBRECIPIENTS EXPENDING $500,000 OR MORE IN FEDERAL AWARDS DURING THE SUBRECIPIENTS FISCAL YEAR WHERE PASS-THROUGH FEDERAL FUNDS PROVIDED BY GEORGIA TECH WERE EXPENDED. THESE GUIDELINES AND PROCEDURES ARE PROVIDED TO ASSIST FACULTY AND STAFF IN ENSURING THAT SUBRECIPIENTS CONDUCT THEIR PORTIONS OF RESEARCH PROJECTS IN COMPLIANCE WITH LAWS, REGULATIONS AND TERMS AND CONDITIONS OF AWARDS AND SUBAWARDS AND THAT PROJECT COSTS INCURRED BY SUBRECIPIENTS ARE REASONABLE AND ALLOWABLE. ROLES AND RESPONSIBILITIES: PRINCIPAL INVESTIGATORS (PI): PI'S HAVE PRIMARY RESPONSIBILITY FOR MONITORING SUBRECIPIENTS TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS AND BOTH PRIME AND SUBRECIPIENT AWARD TERMS AND CONDITIONS. THE FEDERAL GOVERNMENT PLACES THE PRIMARY RESPONSIBILITY FOR MANAGEMENT OF FEDERALLY FUNDED PROJECTS WITH THE PI. THIS INCLUDES: MONITORING OF SUBRECIPIENT'S TECHNICAL AND PROGRAMMATIC ACTIVITIES RELATED TO THE SUB-AWARD. REVIEW OF TECHNICAL/PERFORMANCE REPORTS AS REQUIRED. THE PI IS RESPONSIBLE FOR VERIFYING THE SUBRECIPIENT WORK IS CONDUCTED IN A TIMELY MANNER AND THAT THE RESULTS DELIVERED ARE IN LINE WITH THE PROPOSED STATEMENT OF WORK. THE PI IS RESPONSIBLE FOR REVIEWING AND APPROVING SUBRECIPIENT INVOICES. THIS INCLUDES REVIEWING EXPENDITURES TO ENSURE THE CHARGES ARE ALLOWABLE, ALLOCABLE, REASONABLE, AND THAT THE CHARGES ARE WITHIN THE PERIOD OF PERFORMANCE. THE PI IS RESPONSIBLE FOR MAINTAINING REGULAR CONTACT WITH THE SUBRECIPIENT. UNIT FINANCIAL OFFICERS (DEPARTMENTAL ADMINISTRATORS): UNIT FINANCIAL OFFICERS (UFO'S) SHOULD ASSIST PI'S IN CARRYING OUT THEIR SUBRECIPIENT MONITORING RESPONSIBILITIES. THIS INCLUDES: REVIEWING INVOICES FROM SUBRECIPIENTS TO ENSURE INVOICES ARE WITHIN THE PARAMETERS OF THE SUB-AWARD BUDGET, AND QUESTIONING EXPENDITURES IF NECESSARY. ENSURE THAT INVOICES ARE APPROVED BY THE PI OR HIS/HER DESIGNEE AND SUBMITTED TO ACCOUNTS PAYABLE IN A TIMELY BASIS. IF THERE ARE ANY UNUSUAL OR EXCESSIVE CHARGES INVOICED BY THE SUBRECIPIENT, THE DEPARTMENT SHOULD REQUEST CLARIFICATION FROM THE SUBRECIPIENT. MAINTAIN COPIES OF ALL INVOICES THAT PROVIDE EVIDENCE OF THE REGULAR REVIEW OF INVOICES BY THE PI. "EVIDENCE" CAN BE IN THE FORM OF AUTHORIZED SIGNATURE BY THE PI OR HIS/HER DESIGNEE, PI'S INITIALS, E-MAIL COMMUNICATIONS, OR NOTES OF MEETING BETWEEN THE PI WITH THE DEPARTMENT ADMINISTRATOR. MAINTAINING DOCUMENTATION OF MONITORING EFFORTS (COPIES OF E-MAIL, PHONE LOG, ETC.). OFFICE OF SPONSORED PROGRAMS (OSP): OSP IS RESPONSIBLE FOR THE OVERSIGHT OF SUBRECIPIENT MONITORING AND ENSURING THAT THE INSTITUTE'S SUBRECIPIENT MONITORING PROCEDURES ARE COMPLIANT WITH FEDERAL AND OTHER APPLICABLE REGULATIONS. THESE RESPONSIBILITIES INCLUDE: OSP IS RESPONSIBLE FOR IDENTIFYING TO THE SUBRECIPIENT THE FEDERAL AWARD INFORMATION (E.G., CFDA TITLE AND NUMBER, AWARD NAME, NAME OF FEDERAL AGENCY) AND APPLICABLE COMPLIANCE REQUIREMENTS, INCLUDING ANY APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. DETERMINING WHETHER OR NOT THE SUBRECIPIENT OR IT'S PI'S ARE DEBARRED OR SUSPENDED FROM RECEIVING FEDERAL FUNDS. ON AN ANNUAL BASIS, OSP WILL REVIEW ALL ACTIVE SUB-AWARDS FOR WHICH MONITORING IS MANDATED. ACCORDINGLY, OSP REQUESTS AUDIT CERTIFICATION LETTERS FROM ALL SUBRECIPIENTS EXPENDING $500,000 OR MORE IN FEDERAL FUNDS DURING THE SUBRECIPIENT'S FISCAL YEAR. THE RETURNED CERTIFICATION LETTERS ARE REVIEWED BY THE OSP AUDIT COORDINATOR TO VERIFY THAT NO AUDIT FINDINGS RELATED TO FEDERAL FUNDS PROVIDED BY GEORGIA TECH ARE REPORTED. IF NO FINDINGS ARE INDICATED, THE OSP AUDIT COORDINATOR WILL INITIAL, DATE, AND NOTATE THAT NO FOLLOW-UP ACTION IS REQUIRED. OSP WILL INQUIRE FURTHER INTO THOSE THAT ARE DEEMED TO REQUIRE CLOSER SCRUTINY, AND TAKE APPROPRIATE ACTION. THE ABOVE LIST IS NOT EXHAUSTIVE OF ALL COMPLIANCE REQUIREMENTS. IN ADDITION TO THE GENERAL ELEMENTS OF COMPLIANCE NOTED ABOVE, THERE MAY BE ADDITIONAL SPONSOR- OR PROGRAM-SPECIFIC REQUIREMENTS THAT MANDATE COLLECTING AND DOCUMENTING OTHER ASSURANCES (E.G. ON LAB ANIMALS, HUMAN SUBJECTS, BIOHAZARDS, ETC.) DURING THE COURSE OF A PROJECT. OSP WILL WORK WITH PIS AND DEPARTMENT ADMINISTRATORS TO ESTABLISH CHANNELS OF COMMUNICATION WITH SUBRECIPIENTS THAT REQUIRE FURTHER SCRUTINY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rafael L Bras | ||||||||||||||
| Trustee | $0 | $425,962 | $0 | $0 | $0 | $10,000 | $0 | $168,886 | $0 | $21,230 | $0 | $626,078 | $0 | $0 |
| Steven G Swant | ||||||||||||||
| Trustee | $0 | $343,628 | $0 | $0 | $0 | $450 | $0 | $127,486 | $0 | $21,430 | $0 | $492,994 | $0 | $0 |
| Stephen E Cross | ||||||||||||||
| President, Trustee | $0 | $409,668 | $0 | $0 | $0 | $0 | $0 | $110,806 | $0 | $21,550 | $0 | $542,024 | $0 | $0 |
| Gary May | ||||||||||||||
| Secretary | $342,822 | $0 | $0 | $0 | $490 | $0 | $32,134 | $0 | $17,520 | $0 | $392,966 | $0 | $0 | $0 |
| BARBARA J ALEXANDER | ||||||||||||||
| Asst Sec. & Asst Treas. | $63,353 | $63,353 | $0 | $0 | $0 | $0 | $9,061 | $9,061 | $4,843 | $4,843 | $77,257 | $77,257 | $0 | $0 |
| James G Fortner | ||||||||||||||
| Asst Sec. & Asst Treas. | $0 | $188,291 | $0 | $0 | $0 | $0 | $0 | $26,655 | $0 | $20,430 | $0 | $235,376 | $0 | $0 |
| Jilda Diehl Garton | ||||||||||||||
| Vice President | $149,144 | $122,027 | $0 | $0 | $0 | $0 | $13,467 | $11,019 | $4,927 | $4,031 | $167,538 | $137,077 | $0 | $0 |
| G Duane Hutchison | ||||||||||||||
| Asst Sec. & Asst Treas. | $41,942 | $144,468 | $0 | $0 | $0 | $0 | $5,934 | $20,439 | $3,310 | $11,403 | $51,186 | $176,310 | $0 | $0 |
| Kevin Wozniak | ||||||||||||||
| Asst Secretary | $111,203 | $74,136 | $0 | $0 | $0 | $0 | $10,797 | $7,198 | $14,308 | $9,539 | $136,308 | $90,873 | $0 | $0 |
| Lauren MacLanahan | ||||||||||||||
| Asst Secretary & General Counsel | $99,457 | $42,625 | $0 | $0 | $0 | $0 | $9,702 | $4,158 | $14,551 | $6,236 | $123,710 | $53,019 | $0 | $0 |
| Albert Concord | ||||||||||||||
| Security Officer | $0 | $154,593 | $0 | $14,338 | $0 | $0 | $0 | $21,527 | $0 | $2,437 | $0 | $192,895 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART II | FormAndLineReferenceDesc |
| Explanation | 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 2015 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: $56,487 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | 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 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 11c, III-FI | Georgia Institute of Technology | 0 |
| Georgia Institute of Technology | ||||||||||
| 500 Tech Parkway | atlanta | GA | 30332 | 586002023 | State University | GA | 115(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 11a, 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 11a, 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 11a, I | georgia Institute of Technology | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (1) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Georgia Institute of Technology | ||
| B | $280,139,275 | cost |
| Georgia Tech Facilities Inc | ||
| D | $17,460,140 | cost |
| Georgia Institute of Technology | ||
| I | $9,835,956 | COST |
| Georgia Tech Facilities Inc | ||
| J | $1,455,505 | cost |
| Georgia Institute of Technology | ||
| O | $6,840,621 | cost |
| Georgia Tech Applied Research Corporation | ||
| P | $1,247,629 | cost |
| Georgia Tech Applied Research Corporation | ||
| N | $2,373,855 | Cost |
| Georgia Tech Applied Research Corporation | ||
| D | $1,510,008 | Cost |
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