2017-01-30T14:44:36-06:00 2016-06-30 560574444 CHERRY BEKAERT LLP 1075 Peachtree Street NE Suite 2200 Atlanta GA 30309 990 2015-07-01 580603146 Georgia Tech Research Corporation GEOR 4048946959 505 Tenth Street NW Atlanta GA 303320415 Jilda Diehl Garton Vice President 4048946959 2017-01-18 1 Christine W Pierce P00436339 4042090954 2015 2021-01-29 14:40:06Z Jilda Diehl Garton 505 Tenth St NW Atlanta GA 303320415 307106015 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 7 0 0 80080 72154 0 0 301352252 295853989 192421 254077 1834450 1161993 303379123 297270059 286144983 280139275 0 0 4164692 4808124 0 0 0 10548011 11214814 300857686 296162213 2521437 1107846 116228292 124450970 86549008 93663840 29679284 30787130 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 294967147 280139275 295853989 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. 294967147 1 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 1 1 0 0 1 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 1 281 0 0 1 1 0 0 0 0 0 0 0 0 0 X 12 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X Barbara Alexander 4048946962 Georgia Institute of Technology Atlanta GA 303320415 Rafael L Bras Trustee 0.50 40.00 X 0 435962 190116 Steven G Swant Trustee 0.50 40.00 X 0 344078 148916 Lou Graziano Trustee 0.50 0.50 X 0 0 0 Ronald L Bracken Trustee 0.50 0.50 X 0 0 0 Ben J Dyer Trustee Emeritus Non-voting 0.50 0.50 X 0 0 0 Scott M Frank Chair, Trustee 0.50 0.50 X 0 0 0 Deryl Israel Trustee 0.50 0.50 X 0 0 0 J Leland Strange Trustee Emeritus Non-voting 0.50 0.50 X 0 0 0 John Avery Trustee 0.50 0.50 X 0 0 0 Patricia Falcone Trustee 0.50 0.50 X 0 0 0 Frederic Villeneuve Trustee 0.50 0.50 X 0 0 0 Xiaoyan Huang Trustee 0.50 0.50 X X 0 0 0 Charles Concannon Vice Chair, Trustee 0.50 0.50 X X 0 0 0 Stephen E Cross President, Trustee 0.00 40.00 X X 0 409668 132356 Gary May Secretary 40.00 0.50 X 343312 0 49654 BARBARA J ALEXANDER Asst Sec. & Asst Treas. 20.00 20.00 X 63353 63353 27808 James G Fortner Asst Sec. & Asst Treas. 0.00 40.00 X 0 188291 47085 Jilda Diehl Garton Vice President 22.00 18.00 X 149144 122027 33444 G Duane Hutchison Asst Sec. & Asst Treas. 9.00 31.00 X 41942 144468 41086 Anita McKinney Asst Secretary 12.00 28.00 X 25604 59743 19630 Kevin Wozniak Asst Secretary 24.00 16.00 X 111203 74136 41842 Lauren MacLanahan Asst Secretary & General Counsel 28.00 12.00 X 99457 42625 34647 Bruce Henry Asst Sec. & Asst Treas. 24.00 16.00 X 52845 35230 37813 Albert Concord Security Officer 0.00 40.00 X 0 168931 23964 Nicholas Perez Director IT & Facilities 20.00 20.00 X 57507 57507 30678 Mary Beran Asst Director 14.00 26.00 X 36436 67666 37055 Sophia Herbert-Peterson Asst Director 30.00 10.00 X 78348 26116 30540 Jeffrey Stelzer Asst Director 36.00 4.00 X 104068 11560 34296 1163219 2251361 960930 4 0 1 0 Georgia Institute of Technology 225 North Avenue Atlanta GA 30332 Research 293589215 Georgia Tech Foundation 760 Spring Street NW Atlanta GA 30308 Research 2497441 Georgia Tech Facilities 225 North Ave Lyman Hall Rm 325 Atlanta GA 30332 Building Improvements 1455505 Troutman Sanders LLP Bank of America Plaza 600 Peachtre Atlanta GA 30332 Legal - Patent Expense 1385601 Georgia Research Alliance 50 Hurt Plaza Suite 1220 Atlanta GA 30303 Operating Support 402983 16 Research Contracts 541700 295853989 295853989 295853989 254077 254077 1074973 1074973 9835956 9835956 0 Partnership Investment 523000 80080 80080 Fees 900099 6940 6940 87020 297270059 295860929 80080 1329050 280139275 280139275 886369 886369 3921755 3921755 18139 18139 157985 157985 2809759 2809759 45062 45062 6840621 6840621 369368 369368 304635 304635 Administrative and Gene 669245 669245 296162213 294967147 1195066 0 69002487 76239503 39062243 39635251 633012 1710008 102017 48640 3357041 1972110 1628410 1384931 123 124 5602030 5432513 197970 116228292 124450970 33581623 35152585 47167385 53078743 5800000 5432512 86549008 93663840 X 29679284 30787130 29679284 30787130 116228292 124450970 1107846 0 X X 0 1 X 1 1 1 X X X 1 georgia institute of technology 586002023 6 1 296815852 0 1 296815852 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 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. 240735 X 0 812587 309347 503240 2303719 1662763 640956 240735 240735 1384931 Obligation under leases - Current Portion 343977 Obligation under leases - Long-term Portion 5088535 5432512 307106015 9835956 9835956 297270059 0 297270059 305998169 9835956 9835956 296162213 0 296162213 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. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Georgia Institute of Technology 225 North Avenue Atlanta GA 303320257 586002023 115(1) 280139275 0 Sponsored Research 1 0 Part I, Line 2: 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. 0 1 0 0 0 0 0 0 0 Rafael L Bras Trustee 0 425962 0 0 0 10000 0 168886 0 21230 0 626078 0 0 Steven G Swant Trustee 0 343628 0 0 0 450 0 127486 0 21430 0 492994 0 0 Stephen E Cross President, Trustee 0 409668 0 0 0 0 0 110806 0 21550 0 542024 0 0 Gary May Secretary 342822 0 0 0 490 0 32134 0 17520 0 392966 0 0 0 BARBARA J ALEXANDER Asst Sec. & Asst Treas. 63353 63353 0 0 0 0 9061 9061 4843 4843 77257 77257 0 0 James G Fortner Asst Sec. & Asst Treas. 0 188291 0 0 0 0 0 26655 0 20430 0 235376 0 0 Jilda Diehl Garton Vice President 149144 122027 0 0 0 0 13467 11019 4927 4031 167538 137077 0 0 G Duane Hutchison Asst Sec. & Asst Treas. 41942 144468 0 0 0 0 5934 20439 3310 11403 51186 176310 0 0 Kevin Wozniak Asst Secretary 111203 74136 0 0 0 0 10797 7198 14308 9539 136308 90873 0 0 Lauren MacLanahan Asst Secretary & General Counsel 99457 42625 0 0 0 0 9702 4158 14551 6236 123710 53019 0 0 Albert Concord Security Officer 0 154593 0 14338 0 0 0 21527 0 2437 0 192895 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 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 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. 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 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 Georgia Institute of Technology B 280139275 cost Georgia Tech Facilities Inc D 17460140 cost Georgia Institute of Technology I 9835956 COST Georgia Tech Facilities Inc J 1455505 cost Georgia Institute of Technology O 6840621 cost Georgia Tech Applied Research Corporation P 1247629 cost Georgia Tech Applied Research Corporation N 2373855 Cost Georgia Tech Applied Research Corporation D 1510008 Cost