GEORGIA TECH FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA TECH FOUNDATION INC (EIN 58-6043294)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-10
- IRS object ID
- 201141309349301704
- Schema version
- 2009v1.7
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-10T11:34:26-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 COMMERCE STREET SUITE 1000 | AddressLine1 |
| City | Nashville | City |
| State | TN | State |
| ZIP Code | 372192422 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 586043294 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA TECH FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GEOR | NameControl |
| Phone | 4048945072 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING STREET NW SUITE 400 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30308 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN B CARTER JR | Name |
| Title | PRESIDENT | Title |
| Phone | 4048945072 | Phone |
| Date Signed | 2011-05-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6152441602 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOHN B CARTER JR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING ST NEW SUITE 400 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30308 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 618830667 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.GTF.GATECH.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1932 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | TO PROMOTE THE CAUSE OF HIGHER EDUCATION IN GEORGIA; TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT OF GA TECH; AND TO AID GA TECH IN ITS DEVELOPMENT AS A LEADING EDUCATIONAL INSTITUTION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 54 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 53 | NbrIndependentVotingMembers |
| Total Nbr Employees | 30 | TotalNbrEmployees |
| Total Nbr Volunteers | 100 | TotalNbrVolunteers |
| Total Gross UBI | -2654077 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -2655837 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 66584253 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 89112162 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 360106 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 886080 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -109321061 | InvestmentIncomePriorYear |
| Investment Income Current Year | 30437300 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 12817935 | OtherRevenuePriorYear |
| Other Revenue Current Year | 10468985 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | -29558767 | TotalRevenuePriorYear |
| Total Revenue Current Year | 130904527 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 84297743 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 84183255 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3620792 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3715238 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 3160963 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 21074828 | OtherExpensePriorYear |
| Other Expenses Current Year | 20729919 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 108993363 | TotalExpensesPriorYear |
| Total Expenses Current Year | 108628412 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -138552130 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 22276115 | RevenuesLessExpensesCY |
| Total Assets BOY | 1314737311 | TotalAssetsBOY |
| Total Assets EOY | 1436790967 | TotalAssetsEOY |
| Total Liabilities BOY | 425120666 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 438376891 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 889616645 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 998414076 | NetAssetsOrFundBalancesEOY |
| Mission Description | IT IS THE MISSION OF THE GEORGIA TECH FOUNDATION, INC., TO: 1.PROMOTE THE CAUSE OF HIGHER EDUCATION IN THE STATE OF GEORGIA 2.RECEIVE AND MANAGE DONATIONS RECEIVED BY THE FOUNDATION FOR SUPPORT AND ENHANCEMENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY 3.ASSIST THE GEORGIA INSTITUTE OF TECHNOLOGY IN ITS ROLE AS A LEADING EDUCATIONAL AND RESEARCH INSTITUTION | MissionDescription |
| Significant New Program Services | true | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 47883840 | Expense |
| Grants | 47883840 | Grants |
| Revenue | 168966 | Revenue |
| Description | ACADEMIC AND RESEARCH PROGRAM SUPPORT: THE FOUNDATION PROVIDES SUPPORT FOR MANY ACADEMIC PROGRAMS AND SOME RESEARCH PROGRAMS AT GEORGIA TECH. THIS FUNDING INCLUDES FACULTY SUPPORT THROUGH ENDOWED CHAIRS AND PROFESSORSHIPS, CURRICULUM DEVELOPMENT, FACULTY GRANTS, LIBRARY SUPPORT AND RENOVATION AND CONSTRUCTION OF FACILITIES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 18115477 | Expense |
| Grants | 18115477 | Grants |
| Description | SCHOLARSHIPS AND FELLOWSHIPS: THE FOUNDATION PROVIDES FUNDING FOR GRANTS, SCHOLARSHIPS, FELLOWSHIPS AND LOAN FUNDS FOR UNDERGRADUATE AND GRADUATE STUDENTS AT GEORGIA TECH. THE OFFICE OF FINANCIAL AID AND ACADEMIC UNITS AT GEORGIA TECH SELECT THE RECIPIENTS OF THE SCHOLARSHIPS AND FELLOWSHIPS. EXAMPLES OF TWO PROGRAMS FUNDED BY THE FOUNDATION ARE THE GEORGIA TECH PROMISE PROGRAM, WHICH IS A PROGRAM TO PROVIDE SCHOLARSHIPS FOR NEEDY STUDENTS AND THE GEORGIA TECH PRESIDENT'S SCHOLARSHIP PROGRAM, WHICH IS A SCHOLARSHIP PROGRAM FOR STUDENTS WITH EXCEPTIONAL MERIT. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5670000 | Expense |
| Grants | 5670000 | Grants |
| Description | GIFT OF REAL ESTATE TO GEORGIA TECH: DURING THE CURRENT YEAR, THE FOUNDATION PROVIDED BUILDING AND LAND REFERRED TO AS THE "ACADEMY OF MEDICINE" TO THE UNIVERSITY SYSTEM OF GEORGIA BOARD OR REGENTS (I.E.GEORGIA TECH). | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 27099525 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 12513938 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 758320 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 98768842 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 30 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 54 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 53 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARK W LONG | NamePerson |
| Telephone Number | 4048948345 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 760 SPRING ST NW SUITE 400 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30308 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (62 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| RODNEY C ADKINS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| RONALD W ALLEN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT A ANCLIEN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| PAMELA W ARLOTTO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JEROME A ATKINSON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| RICHARD A BEARD III | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| G NILES BOLTON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN F BROCK III | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KENNETH G BYERS JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| J RANDALL CARROLL | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| STEVE W CHADDICK | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| A RUSSELL CHANDLER III | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARCUS J DASH | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| KATHLEEN DAY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN K DEWBERRY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID W DORMAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOSEPH W EVANS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JACK J FAUSSEMAGNE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| L THOMAS GAY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SHERMAN J GLASS JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| MARION B GLOVER JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCIS S GODBOLD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DEBORAH N HARRIS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| HUBERT L HARRIS JR | ||||||||
| PAST CHAIR | 1.0 | X | 0 | 0 | 0 | X | ||
| LAWRENCE P HUANG | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| GARY T JONES | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| G WILLIAM KNIGHT | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JAMES R LIENTZ JR | ||||||||
| TREASURER | 1.0 | X | 0 | 0 | 0 | X | ||
| JOHN S MARKWALTER JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| H BRUCE MCEVER | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DAVID M MCKENNEY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ROBERT A MILTON | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| CHARLES D MOSELEY | ||||||||
| VICE CHAIR-CHAIR ELECT | 1.0 | X | 0 | 0 | 0 | X | ||
| H RONALD NASH JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| LAWTON M NEASE III | ||||||||
| CHAIR | 1.0 | X | 0 | 0 | 0 | X | ||
| THOMAS E NOONAN | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| DR G P PETERSON | ||||||||
| TRUSTEE | 10.0 | X | 0 | 327316 | 182555 | |||
| DAVID A PERDUE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| SHERYL S PRUCKA | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCES G ROGERS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOE W ROGERS JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| BEVERLY J SEAY | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| EARL L SHELL JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| FRANCIS N SPEARS | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| E ROE STAMPS IV | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN C STATON JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| C MEADE SUTTERFIELD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| HOWARD T TELLEPSEN JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ALBERT S THORNTON JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| WILLIAM J TODD | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ALFREDO TRUJILLO | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| ALFRED P WEST JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JANICE N WITTSCHIEBE | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| STEPHEN P ZELNAK JR | ||||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |||
| JOHN B CARTER JR | ||||||||
| PRESIDENT / COO | 40.0 | 358618 | 0 | 34576 | X | |||
| MARK W LONG | ||||||||
| SECRETARY / CFO | 40.0 | 163430 | 0 | 39277 | X | |||
| JAMES TAYLOR | ||||||||
| CHIEF INVESTMENT OFFICER | 40.0 | 317479 | 0 | 43244 | X | |||
| SCOTT JENKS | ||||||||
| DIR-TRAINING & USER SRVC | 40.0 | 109848 | 0 | 20438 | X | |||
| MICHELLE JONES | ||||||||
| ASSISTANT CONTROLLER | 40.0 | 113449 | 0 | 15730 | X | |||
| HERBERT BRUNSWICK JR | ||||||||
| DIR-SYSTEMS & REPORTING | 40.0 | 124771 | 0 | 36333 | X | |||
| JONATHAN KARCSH | ||||||||
| DIRECTOR OF INVESTMENTS | 40.0 | 190254 | 0 | 38389 | X | |||
| PATRICK LIU | ||||||||
| DIRECTOR OF INVESTMENTS | 40.0 | 157743 | 0 | 30922 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1535592 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 327316 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 441464 | TotalOtherCompensation |
| Number Individuals GT100 K | 8 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS J BARRANCO | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2221 PEACHTREE ROAD STE D400 | AddressLine1 |
| City | ATLANTA | City |
| State | GA | State |
| ZIP Code | 30309 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | REAL ESTATE CONS. | DescriptionOfServices |
| Compensation | 120226 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Related Organizations | 855054 | RelatedOrganizations |
| All Other Contributions | 88257108 | AllOtherContributions |
| Noncash Contributions | 4341190 | NoncashContributions |
| Total Contributions | 89112162 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| COST RECOVERIES | 900099 | 168966 | 168966 |
| INVESTMENT FEE INCOME FROM RELATED ORGANIZATION | 900099 | 717114 | 717114 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 886080 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17898880 | TotalRevenueColumn |
| Unrelated Business Revenue | -2073172 | UnrelatedBusinessRevenue |
| Exclusion | $19,972,052 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 733519 | TotalRevenueColumn |
| Exclusion | $733,519 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13938880 | Real |
| Personal | 763105 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 4114398 | Real |
| Personal | 893327 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 9824482 | Real |
| Personal | -130222 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9694260 | TotalRevenueColumn |
| Unrelated Business Revenue | -130222 | UnrelatedBusinessRevenue |
| Exclusion | $9,824,482 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 493342253 | Securities |
| Other | 2114582 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 482872311 | Securities |
| Other | 46104 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10469942 | Securities |
| Other | 2068478 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 12538420 | TotalRevenueColumn |
| Unrelated Business Revenue | -450683 | UnrelatedBusinessRevenue |
| Exclusion | $12,989,103 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INSURANCE CLAIM REFUND | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 41206 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41206 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 41206 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 130904527 | TotalRevenueColumn |
| Related Or Exempt Function Income | 927286 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -2654077 | UnrelatedBusinessRevenue |
| Exclusion | $43,519,156 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 84183255 | Total |
| Program Services | 84183255 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 844854 | Total |
| Management And General | 844854 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2137481 | Total |
| Management And General | 2137481 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 248820 | Total |
| Management And General | 248820 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 314336 | Total |
| Management And General | 314336 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169747 | Total |
| Management And General | 169747 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26000 | Total |
| Management And General | 26000 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 465 | Total |
| Program Services | 2177 | ProgramServices |
| Management And General | -1712 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 245780 | Total |
| Management And General | 245780 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29270 | Total |
| Program Services | 29270 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1875767 | Total |
| Management And General | 1875767 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112753 | Total |
| Program Services | 17803 | ProgramServices |
| Management And General | 44946 | ManagementAndGeneral |
| Fundraising | 50004 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 879634 | Total |
| Program Services | 33947 | ProgramServices |
| Management And General | 165839 | ManagementAndGeneral |
| Fundraising | 679848 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20790 | Total |
| Program Services | 766 | ProgramServices |
| Management And General | 20024 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 357381 | Total |
| Program Services | 11395 | ProgramServices |
| Management And General | 49589 | ManagementAndGeneral |
| Fundraising | 296397 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6655 | Total |
| Program Services | 6655 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3021493 | Total |
| Program Services | 2462541 | ProgramServices |
| Management And General | 213414 | ManagementAndGeneral |
| Fundraising | 345538 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11558618 | Total |
| Program Services | 11437611 | ProgramServices |
| Management And General | 121007 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92884 | Total |
| Program Services | 94404 | ProgramServices |
| Management And General | -1520 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140986 | Total |
| Management And General | 140986 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| FACULTY MOVING EXPENSES | 353941 | 349914 | 4027 | |
| MAINTENANCE AND REPAIRS | 81355 | 81355 | ||
| MISCELLANEOUS | 140998 | 139104 | 1894 | |
| REIMBURSEMENT TO GEORGIA TECH | 1785149 | 1785149 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108628412 | Total |
| Program Services | 98768842 | ProgramServices |
| Management And General | 6698607 | ManagementAndGeneral |
| Fundraising | 3160963 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2900 | BOY |
| EOY | 2600 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4381219 | BOY |
| EOY | 3496675 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51031558 | BOY |
| EOY | 83207386 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Accounts Receivable | AccountsReceivable |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1167278 | BOY |
| EOY | 1063176 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 78574195 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 14908046 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67910834 | BOY |
| EOY | 63666149 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 649579623 | BOY |
| EOY | 704583840 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 351420779 | BOY |
| EOY | 395078669 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 189243120 | BOY |
| EOY | 185692472 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1314737311 | BOY |
| EOY | 1436790967 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9147649 | BOY |
| EOY | 6195536 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157200165 | BOY |
| EOY | 153922249 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258772852 | BOY |
| EOY | 278259106 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 425120666 | BOY |
| EOY | 438376891 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44860334 | BOY |
| EOY | 58266849 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 454576806 | BOY |
| EOY | 491145026 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 390179505 | BOY |
| EOY | 449002201 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 889616645 | BOY |
| EOY | 998414076 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1314737311 | BOY |
| EOY | 1436790967 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 59800268 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 85801176 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 97432173 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 66584253 | CurrentTaxYearMinus1Year |
| Current Tax Year | 45143908 | CurrentTaxYear |
| Total | 354761778 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 59800268 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 85801176 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 97432173 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 66584253 | CurrentTaxYearMinus1Year |
| Current Tax Year | 45143908 | CurrentTaxYear |
| Total | 354761778 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 12522198 | AmountsSubstContributorsTotal |
| Public Support Total170 | 342239580 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 75650461 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 92552796 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 74892728 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 32911426 | CurrentTaxYearMinus1Year |
| Current Tax Year | 33334382 | CurrentTaxYear |
| Total | 309341793 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 83902 | CurrentTaxYearMinus3Years |
| Total | 83902 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1097722 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1570526 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1472301 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 728289 | CurrentTaxYearMinus1Year |
| Current Tax Year | 41206 | CurrentTaxYear |
| Total | 4910044 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 669097517 | TotalSupport |
| Gross Receipts From Admissions Etc | 2872275 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.51149 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.48044 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $35,925 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Total Lobbying Expenditures IIB | 35925 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | LOBBYING EXPENDITURES | Identifier |
| Return Reference | FORM 990, PART IV, LINE 4 | ReturnReference |
| Explanation | LOBBYING EXPENSES ARE PAID BY THE GEORGIA TECH FOUNDATION AT THE REQUEST OF THE GEORGIA INSTITUTE OF TECHNOLOGY (GEORGIA TECH) FOR GEORGIA TECH'S ADVOCACY OF HIGHER EDUCATION HIGHLIGHTING GEORGIA TECH'S LEGISLATIVE PRIORITIES. EXPENSES INCLUDE PAYMENTS FOR GOODS AND SERVICES UTILIZED IN THE HOSTING OF MEETINGS, CAMPUS VISITS, CAMPUS ATHLETIC EVENTS, AND PROMOTIONAL ITEMS WITH THE GEORGIA TECH LOGO. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 794541884 | BeginningOfYearBalance |
| Contributions | 23579756 | Contributions |
| Investment Earnings Or Losses | 113938022 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 12917753 | GrantsOrScholarships |
| Other Expenditures | 31865043 | OtherExpenditures |
| Administrative Expenses | 6637764 | AdministrativeExpenses |
| End Of Year Balance | 880639102 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1082791869 | BeginningOfYearBalance |
| Contributions | 16755869 | Contributions |
| Investment Earnings Or Losses | -256497843 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 11466625 | GrantsOrScholarships |
| Other Expenditures | 30225392 | OtherExpenditures |
| Administrative Expenses | 6815994 | AdministrativeExpenses |
| End Of Year Balance | 794541884 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.16250 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.83750 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2552671 | OtherCostOrOtherBasis |
| Book Value | 2552671 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 29645482 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 38066387 | OtherCostOrOtherBasis |
| Depreciation | 13278340 | Depreciation |
| Book Value | 54433529 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8309655 | OtherCostOrOtherBasis |
| Depreciation | 1629706 | Depreciation |
| Book Value | 6679949 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 63666149 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS IN PARTNERSHIPS | 392253398 | F |
| MANAGED PERPETUAL TRUSTS | 1501060 | F |
| CHARITABLE GIFT ANNUITY | 1324211 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 395078669 | TotalOfBookValueSecurities |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| CHARITABLE REMAINDER TRUSTS | 18903886 |
| CASH VALUE OF LIFE INSURANCE | 2185759 |
| LEASE RECEIVABLE | 159636752 |
| OTHER ASSETS | 4949977 |
| INTEREST RECEIVABLE | 16098 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 185692472 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| COMMITMENT PAYABLE | $10,566,107 |
| PAYABLE TO AFFILIATES | $75,951,672 |
| LIFE INCOME INTEREST | $12,039,984 |
| REVOCABLE GIFT | $35,064,484 |
| DERIVATIVE FINANCIAL INSTRUMENTS | $19,698,745 |
| BONDS PAYABLE (TAXABLE) | $98,474,549 |
| GUARANTEE OF LINES OF CREDIT | $26,463,565 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 278259106 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ENDOWMENT FUNDS | Identifier |
| Return Reference | SCHEDULE D, PART V, LINE 4 | ReturnReference |
| Explanation | INCOME EARNED ON ENDOWMENTS IS USED TO SUPPORT GEORGIA INSTITUTE OF TECHNOLOGY. THE INCOME FROM THE ENDOWMENT IS MOSTLY RESTRICTED TO CERTAIN PURPOSES BY THE DONORS. THE USES INCLUDE: STUDENT SUPPORT IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS (LOAN FUNDS TO MEET THEIR EDUCATIONAL EXPENSES), GRADUATE SUPPORT, AS WELL AS SUPPORT OF FACULTY IN THEIR TEACHING AND RESEARCH PROGRAMS. THE ENDOWMENT SUPPORTS EACH OF THE SIX COLLEGES AND MANY PROGRAMS, INCLUDING THE LIBRARY, LECTURES, FACULTY RECRUITMENT, AND PROGRAM CURRICULUM DEVELOPMENT, AND FOR THE RENOVATION OF FACILITIES AND LABORATORIES. | Explanation |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (26 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Program Services | RESEARCH COLLABORATION | 780 |
| Central America and the Caribbean | 0 | 0 | Program Services | SYMPOSIUMS/CONFERENCES | 1658 |
| Central America and the Caribbean | 0 | 0 | Program Services | DIPLOMACY | 48 |
| Central America and the Caribbean | 0 | 0 | Program Services | VARIOUS PROGRAMS | 2178 |
| Central America and the Caribbean | 0 | 0 | Fundraising | 396 | |
| East Asia and the Pacific | 0 | 0 | Program Services | RESEARCH COLLABORATION | 2936 |
| East Asia and the Pacific | 0 | 0 | Program Services | DIPLOMACY | 717 |
| East Asia and the Pacific | 0 | 0 | Fundraising | 2273 | |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | RESEARCH COLLABORATION | 1304 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | SYMPOSIUMS/CONFERENCES | 659 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Program Services | ACADEMIC | 1478 |
| Europe (Including Iceland and Greenland) | 0 | 0 | Fundraising | 70 | |
| North America | 0 | 0 | Program Services | RESEARCH COLLABORATION | 294 |
| North America | 0 | 0 | Program Services | ACADEMIC | 816 |
| South Asia | 0 | 0 | Program Services | RESEARCH COLLABORATION | 297 |
| South Asia | 0 | 0 | Program Services | SYMPOSIUMS/CONFERENCES | 1715 |
| Sub-Saharan Africa | 0 | 0 | Program Services | RESEARCH COLLABORATION | 167 |
| Central America and the Caribbean | Investments | ||||
| East Asia and the Pacific | Investments | ||||
| Europe (Including Iceland and Greenland) | Investments | ||||
| Middle East and North Africa | Investments | ||||
| North America | Investments | ||||
| Russia and the Newly Independent States | Investments | ||||
| South America | Investments | ||||
| South Asia | Investments | ||||
| Sub-Saharan Africa | Investments |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Total Amount Spent | 17786 | TotalAmountSpent |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| GEORGIA TECH ALUMNI ASSOCIATION | |||||||
| 190 NORTH AVENUE | ATLANTA | GA | 30313 | 580634853 | 501(C)(3) | 4606344 | ALUMNI ASSOCIATION PROGRAM SUPPORT |
| GEORGIA INSTITUTE OF TECHNOLOGY | |||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 586002023 | UNIV.SYS. OF GA | 77088739 | SCHOLARSHIPS, FELLOWSHIPS, AWARDS & OTHER |
| GEORGIA TECH FACILITIES INC | |||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 521442293 | 501(C)(3) | 686844 | CONSTRUCTION PROJECTS/BUILDING GRANTS |
| ALEXANDER-THARPE FUND INC | |||||||
| 150 BOBBY DODD WAY | ATLANTA | GA | 30332 | 586043226 | 501(C)(3) | 647925 | SCHOLARSHIPS |
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | |||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 582587017 | 501(C)(3) | 1083604 | CAPITAL PROJECTS |
| GEORGIA ADVANCED TECHNOLOGY VENTURES INC | |||||||
| 225 NORTH AVENUE LYMAN HALL | ATLANTA | GA | 30332 | 582538285 | 501(C)(3) | 69207 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 6 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | MONITORING THE USE OF GRANT FUNDS | Identifier |
| Return Reference | SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | GEORGIA TECH FOUNDATION, INC. PROVIDES GRANTS TO GEORGIA INSTITUTE OF TECHNOLOGY AND OTHER AFFILIATED ORGANIZATIONS THAT SUPPORT THE GEORGIA INSTITUTE OF TECHNOLOGY. THE USE OF THE FUNDS IS MONITORED TO ENSURE THAT THE GRANT IS USED FOR ITS ORIGINAL PURPOSE. NO GRANTS ARE PROVIDED TO INDIVIDUALS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN B CARTER JR | |||||||||||||
| 343357 | 0 | 0 | 0 | 15261 | 0 | 24500 | 0 | 10076 | 0 | 393194 | 0 | 0 | 0 |
| HERBERT BRUNSWICK JR | |||||||||||||
| 124696 | 0 | 0 | 0 | 75 | 0 | 13160 | 0 | 23173 | 0 | 161104 | 0 | 0 | 0 |
| JONATHAN KARCSH | |||||||||||||
| 137679 | 0 | 52500 | 0 | 75 | 0 | 15000 | 0 | 23389 | 0 | 228643 | 0 | 0 | 0 |
| PATRICK LIU | |||||||||||||
| 113918 | 0 | 43750 | 0 | 75 | 0 | 12500 | 0 | 18422 | 0 | 188665 | 0 | 0 | 0 |
| MARK W LONG | |||||||||||||
| 163355 | 0 | 0 | 0 | 75 | 0 | 16883 | 0 | 22394 | 0 | 202707 | 0 | 0 | 0 |
| DR G P PETERSON | |||||||||||||
| 0 | 318281 | 0 | 0 | 0 | 9035 | 0 | 172638 | 0 | 9917 | 0 | 509871 | 0 | 0 |
| JAMES TAYLOR | |||||||||||||
| 223804 | 0 | 93600 | 0 | 75 | 0 | 23400 | 0 | 19844 | 0 | 360723 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES | SCHEDULE J, PART I, LINE 1 AND LINE 2 | GEORGIA TECH FOUNDATION, INC. PROVIDES JOHN B. CARTER, JR. A REIMBURSEMENT FOR THE BUSINESS EXPENSES AND THE DUES RELATED TO HIS MEMBERSHIP IN A SOCIAL CLUB. THE BUSINESS EXPENSES ARE SUBSTANTIATED AND ARE REIMBURSED TO MR. CARTER DIRECTLY. THE DUES ARE ALSO REIMBURSED TO MR. CARTER AND THE PERSONAL USE AMOUNT IS INCLUDED AS COMPENSATION ON HIS W-2. |
| ESTABLISHMENT OF CEO/EXECUTIVE DIRECTOR COMPENSATION | SCHEDULE J, PART I, LINE 3 | THE COMPENSATION COMMITTEE OF THE GEORGIA TECH FOUNDATION IS CHARGED WITH REVIEWING AND APPROVING COMPENSATION AND BENEFITS PROVIDED BY THE GEORGIA TECH FOUNDATION, INC. THE COMPENSATION COMMITTEE IS COMPOSED OF THE FOUR BOARD OFFICERS OF THE GEORGIA TECH FOUNDATION, WHO ARE NOT COMPENSATED AND ARE NOT RELATED TO INDIVIDUALS WHOSE COMPENSATION IS UNDER REVIEW. THE COMPENSATION COMMITTEE MAY HIRE COMPENSATION CONSULTANTS AND RELIES ON MARKET DATA IN ASSESSING REASONABLENESS OF COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF OPERATING OFFICER AND THE SENIOR STAFF. |
| SUPPLEMENTAL INFORMATION | SCHEDULE J, PART II | DR. G.P. PETERSON IS THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY. AS PRESIDENT HE SERVES AS AN EX-OFFICIO VOTING TRUSTEE OF THE GEORGIA TECH FOUNDATION. THE GEORGIA INSTITUTE OF TECHNOLOGY, A UNIT OF THE UNIVERSITY SYSTEM OF GEORGIA, PROVIDES COMPENSATION TO DR. PETERSON, AS REPORTED IN SCHEDULE J, PART II. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEVELOPMENT AUTHORITY OF FULTON COUNTY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 581639487 | IssuerEIN |
| CUSIP Number | 359900WR4 | CUSIPNumber |
| Date Issued | 2009-06-11 | DateIssued |
| Issue Price | 19807439 | IssuePrice |
| Description Of Purpose | REAL ESTATE ACQUISITION | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 19807439 | TotalProceeds |
| Issuance Costs From Proceeds | 337545 | IssuanceCostsFromProceeds |
| Capital Expenditures | 19469895 | CapitalExpenditures |
| Year Of Subst Completion | 2009 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | true | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | false | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | true | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | true | Form8038TFiled |
| Variable Rate Issue | false | VariableRateIssue |
| Hedge Identified In Books And Recds | false | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | false | GrossProceedsInvested |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | STATE BANK AND TRUST COMPANY | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | JOSEPH W. EVANS, TRUSTEE | Relationship |
| Amount Of Transaction | 2299000 | AmountOfTransaction |
| Description Of Transaction | PROPERTY ACQUISITION | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 111 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 4256216 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | CHARITABLE TRUSTS | Description |
| Number Of Contributions | 4 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 84974 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RELATED OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES | FORM 990, PART VI, SECTION A, LINE 2 | TRUSTEES DEBORAH HARRIS AND H. RONALD NASH, JR ARE SIBLINGS. JOE W. ROGERS AND FRANCES G. ROGERS ARE HUSBAND/WIFE. ALSO, ALBERT THORNTON WORKED FOR JOE W. ROGERS PRIOR TO RETIRING. |
| ELECTED BOARD MEMBERS | FORM 990, PART VI, SECTION A, LINE 7A | THE GEORGIA TECH FOUNDATION, INC. BYLAWS STATE THAT THE EX-OFFICIO VOTING TRUSTEES SHALL BE THE PRESIDENT OF GEORGIA INSTITUTE OF TECHNOLOGY; THE CHAIRMAN OF THE GEORGIA TECH ADVISORY BOARD; AND THE CHAIR, PAST CHAIR, AND CHAIR-ELECT OF THE GEORGIA TECH ALUMNI ASSOCIATION, INC. |
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, SECTION A, LINE 11 | THE TRUSTEES, DIRECTORS, AND OFFICERS OF GEORGIA TECH FOUNDATION, INC. ARE GIVEN ACCESS TO GEORGIA TECH FOUNDATION, INC.'S TAX RETURNS THROUGH A WEBSITE AND ASKED TO REVIEW AND PROVIDE ANY QUESTIONS AND COMMENTS BEFORE A CERTAIN DATE. ANY QUESTIONS AND COMMENTS FROM THE BOARD MEMBERS ARE NOTED AND CHANGES ARE MADE TO THE RETURN AS APPROPRIATE. ONCE ALL CHANGES HAVE BEEN MADE, AN UPDATED RETURN IS PROVIDED TO THE BOARD MEMBERS THROUGH THE SAME WEBSITE PRIOR TO THE RETURN BEING FILED. |
| CONFLICT OF INTEREST POLICY | FORM 990, PART VI, SECTION B, LINE 10C | THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES OF GEORGIA TECH FOUNDATION, INC. ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST WITH GEORGIA TECH FOUNDATION, INC. THE AUDIT COMMITTEE OF GEORGIA TECH FOUNDATION, INC. IS THEN CHARGED WITH REVIEWING ANY CONFLICTS OF INTEREST AND REPORTING THEM TO THE EXECUTIVE COMMITTEE. IF ANY ACTION IS NECESSARY, THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR TAKING THE APPROPRIATE ACTION. |
| REVIEW OF OFFICER COMPENSATION | FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE OF THE GEORGIA TECH FOUNDATION IS CHARGED WITH REVIEWING AND APPROVING COMPENSATION AND BENEFITS PROVIDED BY THE GEORGIA TECH FOUNDATION, INC. THE COMPENSATION COMMITTEE IS COMPOSED OF THE FOUR BOARD OFFICERS OF THE GEORGIA TECH FOUNDATION, WHO ARE NOT COMPENSATED AND ARE NOT RELATED TO INDIVIDUALS WHOSE COMPENSATION IS UNDER REVIEW. THE COMPENSATION COMMITTEE MAY HIRE COMPENSATION CONSULTANTS AND RELIES ON MARKET DATA IN ASSESSING REASONABLENESS OF COMPENSATION AND BENEFITS FOR THE PRESIDENT AND CHIEF OPERATING OFFICER AND THE SENIOR STAFF. THE COMPENSATION COMMITTEE OF GEORGIA TECH FOUNDATION CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION OF THESE INDIVIDUALS. THIS PROCESS WAS LAST UNDERTAKEN BY THE COMPENSATION COMMITTEE DURING THE FISCAL YEAR ENDED JUNE 30, 2010. |
| AVERAGE HOURS PER WEEK | FORM 990, PART VII, SECTION A, COLUMN (B) | THE BELOW INDIVIDUALS LISTED IN PART VII DEVOTED A PORTION OF THEIR TIME TO ANOTHER RELATED ENTITY: DR. G.P. PETERSON (AVERAGE 30 HOURS PER WEEK) JOHN B. CARTER, JR. (AVERAGE 2 HOURS PER WEEK) MARK W. LONG (AVERAGE 2 HOURS PER WEEK) |
| DOCUMENTS AVAILABLE TO THE PUBLIC | FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE POSTED TO THE GEORGIA TECH FOUNDATION, INC. WEBSITE. THE FORM 990 AND FORM 990-T OF GEORGIA TECH FOUNDATION, INC. ARE AVAILABLE UPON REQUEST. |
| TRANSACTIONS WITH INTERESTED PERSONS | SCHEDULE L, PART IV | DURING THE FISCAL YEAR ENDED JUNE 30, 2010, THE GEORGIA TECH FOUNDATION PURCHASED A DISTRESSED REAL ESTATE PROPERTY FOR THE PURPOSE OF ASSISTING GEORGIA TECH IN ITS CAMPUS EXPANSION, FROM STATE BANK AND TRUST COMPANY FOR $2,299,000. MR. JOSEPH W. EVANS, AN ELECTED TRUSTEEE OF THE GEORGIA TECH FOUNDATION BOARD, IS ALSO THE CHAIRMAN AND CEO OF STATE BANK AND TRUST COMPANY. MR. EVANS WAS NOT PRESENT AT THE COMMITTEE MEETINGS IN WHICH THE DECISION TO PURCHASE THE PROPERTY WAS DISCUSSED AND APPROVED. MR. EVANS WAS PRESENT, BUT ABSTAINED FROM VOTING, WHEN THE BOARD APPROVED THE PURCHASE OF THE PROPERTY. |
| INTEREST IN VARIOUS CHARITABLE REMAINDER TRUST | SCHEDULE R, PART IV | GEORGIA TECH FOUNDATION, INC. SERVES AS TRUSTEE AND HAS A REMAINDER INTEREST IN VARIOUS CHARITABLE REMAINDER UNI-TRUST AND CHARITABLE REMAINDER ANNUITY TRUSTS. THESE TRUSTS HAVE BEEN DISCLOSED ON SCHEDULE R, PART IV. GEORGIA TECH FOUNDATION, INC. DOES NOT RECEIVE A FEE TO ADMINISTER THE TRUSTS AND DOES NOT RECEIVE A K-1 ASSOCIATED WITH THESE TRUSTS. ONLY THE INCOME BENEFICIARIES RECEIVE A K-1 AND HAVE AN INTEREST IN THE INCOME. THE SHARE OF TOTAL ASSETS WAS CALCULATED BY DETERMINING THE ASSETS HELD IN THE TRUST AND REMOVING THE LIABILITY NOTED IN THE TRUST AGREEMENT. THIS AMOUNT IS AN ESTIMATE. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| THE FIFTH STREET HOTEL LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING COMP. | GA | 4934186 | 39342631 | GTF INC |
| TECHNOLOGY SQUARE LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING COMP. | GA | 7383980 | 141949676 | GTF INC |
| ACADEMY OF MEDICINE LLC | |||||||||
| 760 SPRING ST NW STE 400 | ATLANTA | GA | 30308 | 263042820 | HOLDING COMP. | GA | 0 | 0 | GTF INC |
| CYPRESS ACADEMY LLC | |||||||||
| 760 SRPING ST NW STE 400 | ATLANTA | GA | 30308 | 263042898 | HOLDING COMP. | GA | 8927 | 4895804 | GTF INC |
| MIDTOWN OPERA LLC | |||||||||
| 760 SRPING ST NW STE 400 | ATLANTA | GA | 30308 | 586043294 | HOLDING COMP. | GA | 0 | 0 | GTF INC |
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| GEORGIA TECH FOUNDATION FUNDING CORP | |||||||||
| 760 SPRING ST NW SUITE 400 | ATLANTA | GA | 30308 | 582587017 | FINANCING | GA | 501(C)(3) | 11A | GTF INC |
| GEORGIA TECH FOUNDATION REAL ESTATE HOLD | |||||||||
| 760 SPRING ST NW SUITE 400 | ATLANTA | GA | 30308 | 581948026 | REAL ESTATE | GA | 501(C)(2) | N/A | GTF INC |
| GEORGIA TECH INSTITUTE OF TECHNOLOGY | |||||||||
| 225 NORTH AVENUE | ATLANTA | GA | 30332 | 586002023 | EDUCATION | GA | N/A | N/A | NA |
Form990 Schedule R Part IV Form990ScheduleRPartIV (33 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DOROTHYDANIEL BLITCH CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586406222 | TRUST | GA | GTF INC | T | 0 | 25825 | 0.47365 |
| E DENNIS HUTHNANCE CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586402775 | TRUST | GA | GTF INC | T | 0 | 39046 | 0.44404 |
| EDWARD E DAVID JR CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586424657 | TRUST | GA | GTF INC | T | 0 | 36996 | 0.63283 |
| ERNEST A FORT CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586424633 | TRUST | GA | GTF INC | T | 0 | 72819 | 0.43336 |
| ERNEST C RIETH CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586430055 | TRUST | GA | GTF INC | T | 0 | 36346 | 0.56457 |
| EUGENE M CLARY CRUT #3 | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586283779 | TRUST | GA | GTF INC | T | 0 | 70419 | 0.52681 |
| F WILLIAM SCOTT CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586331557 | TRUST | GA | GTF INC | T | 0 | 55916 | 0.76082 |
| FRANCISCO ROBLES CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776266329 | TRUST | GA | GTF INC | T | 0 | 218584 | 0.26751 |
| GEORGE F SMITH CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586359021 | TRUST | GA | GTF INC | T | 0 | 140978 | 0.73923 |
| GEORGE REYNOLDS CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586430056 | TRUST | GA | GTF INC | T | 0 | 29144 | 0.37973 |
| GOLDIN FAMILY CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 900231335 | TRUST | GA | GTF INC | T | 0 | 292789 | 0.50135 |
| GTF POOLED INCOME FUND | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586093829 | TRUST | GA | GTF INC | T | 0 | 557598 | 0.87184 |
| HAROLDGERALDINE HARRISON CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586291314 | TRUST | GA | GTF INC | T | 0 | 185417 | 0.75309 |
| JAMES HOLMES CRT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776260003 | TRUST | GA | GTF INC | T | 0 | 75844 | 0.40089 |
| JAMES F BEALL CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586162695 | TRUST | GA | GTF INC | T | 0 | 134414 | 0.50772 |
| JAMES P POOLE CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586258823 | TRUST | GA | GTF INC | T | 0 | 141950 | 0.69779 |
| JEANNE R FERST CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586325224 | TRUST | GA | GTF INC | T | 0 | 4576 | 1.00000 |
| JESSIERALPH PRIES CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586406224 | TRUST | GA | GTF INC | T | 0 | 39697 | 0.78248 |
| L TRAVIS BRANNON CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586205049 | TRUST | GA | GTF INC | T | 0 | 60529 | 0.59767 |
| LEHRER CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 206482542 | TRUST | GA | GTF INC | T | 0 | 31585 | 0.30252 |
| MILTCAROLYN STEWART CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776270177 | TRUST | GA | GTF INC | T | 0 | 5122580 | 0.66750 |
| MILTCAROLYN STEWART CRAT I | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776250226 | TRUST | GA | GTF INC | T | 0 | 1946702 | 0.61846 |
| MILTCAROLYN STEWART CRAT II | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776250655 | TRUST | GA | GTF INC | T | 0 | 1668008 | 0.61093 |
| P FRANK HAGERTY CRAT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586417304 | TRUST | GA | GTF INC | T | 0 | 0 | 0.00000 |
| RICHARD A GUTHMAN CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586331541 | TRUST | GA | GTF INC | T | 0 | 81657 | 0.53654 |
| SUSAN BYRD MERRILL CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586413122 | TRUST | GA | GTF INC | T | 0 | 25866 | 0.41923 |
| BUFORDSHEILA SMITH CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776274679 | TRUST | GA | GTF INC | T | 0 | 39205 | 0.35523 |
| ROBERTJAMES DONEGAN CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776250652 | TRUST | GA | GTF INC | T | 0 | 114295 | 0.40051 |
| THEODORESTHER DE VRIES CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586354946 | TRUST | GA | GTF INC | T | 0 | 114265 | 0.72991 |
| VERA WATSON KEISLING TRUST | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586447006 | TRUST | GA | GTF INC | T | 0 | 2562 | 0.20383 |
| WEITNAUER CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586291313 | TRUST | GA | GTF INC | T | 0 | 100725 | 0.66196 |
| WILLARD KELLS CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 586297893 | TRUST | GA | GTF INC | T | 0 | 31340 | 0.51285 |
| WILLIAM C BURGESS CRUT | |||||||||||
| 760 SPRING STREET NW SUITE 400 | ATLANTA | GA | 30308 | 776256158 | TRUST | GA | GTF INC | T | 0 | 49492 | 0.25269 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | true | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | |
| B | 1083604 |
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | |
| E | 26463565 |
| GEORGIA TECH FOUNDATION FUNDING CORPORATION | |
| C | 855054 |
| GEORGIA INSTITUTE OF TECHNOLOGY | |
| B | 77088739 |
| GEORGIA INSTITUTE OF TECHNOLOGY | |
| O | 3038507 |
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