2023-11-15T08:32:24-06:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2022-07-01 580634853 GEORGIA TECH ALUMNI ASSOCIATION GEOR 4048942391 190 NORTH AVE ATLANTA GA 30313 DENE SHEHEANE PRESIDENT 4048942391 2023-11-13 1 DENE SHEHEANE 999009999 0 PAMELA D HARDISTER CPA P00240127 7703948000 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DENE SHEHEANE 190 NORTH AVE ATLANTA GA 30313 7750578 0 X WWW.GTALUMNI.ORG X 1908 GA CHAMPION AND SERVE ITS ALUMNI AND THE INSTITUTE THROUGH PROGRAMMING AND ENGAGEMENT THAT FOSTERS LIFELONG RELATIONSHIPS AND PHILANTHROPIC SUPPORT. 45 44 56 800 278185 0 5980989 6275551 515461 543740 31673 24568 351161 604381 6879284 7448240 54474 50226 0 0 4069044 4324994 0 0 0 2919168 3170270 7042686 7545490 -163402 -97250 3310384 3645412 805717 1221030 2504667 2424382 X CHAMPION AND SERVE ITS ALUMNI AND THE INSTITUTE THROUGH PROGRAMMING AND ENGAGEMENT THAT FOSTERS LIFELONG RELATIONSHIPS AND PHILANTHROPIC SUPPORT. 0 0 1709873 121300 ROLL CALL & BUSINESS DEVELOPMENT: THE ALUMNI ASSOCIATION SERVES AS A FUNDRAISING ARM OF GEORGIA TECH. THIS DEPARTMENT MANAGES THE ANNUAL FUND AND PERFORMS ALL SOLICITATIONS THAT RAISE FUNDS FROM APPROXIMATELY 25,000 ALUMNI AND FRIENDS. THIS FUNDRAISING PROMOTES EDUCATION AT GEORGIA TECH BY PROVIDING UNRESTRICTED FUNDS FOR STUDENT SCHOLARSHIPS, FINANCIAL AID, RECRUITMENT AND RETENTION OF TOP FACULTY AND SUPPORT OF NEW ACADEMIC PROGRAMS. IN CONJUNCTION WITH THIS THE ALUMNI ASSOCIATION MAINTAINS ALL CURRENT CONTACT RECORDS FOR ALUMNI AND FRIENDS FOR THIS FUNDRAISING AND ALSO TO PROMOTE EDUCATION AT GEORGIA TECH AND TO PROMOTE ALUMNI RELATIONS. BUSINESS DEVELOPMENT MANAGES THE SPONSORSHIPS, ADVERTISING AND MERCHANDISING. 1445919 364950 EVENTS & TOURS: PLANS AND STAGES ALUMNI ASSOCIATION EVENTS TO BRING ALUMNI TOGETHER IN SOCIAL AND LEARNING ENVIRONMENTS. MANAGES THE ASSOCIATION EVENTS CALENDAR. ALUMNI TOURS OFFER EDUCATIONAL TRIPS FOR ALUMNI TO TRAVEL AND LEARN ABOUT THE WORLD. 910852 57490 COMMUNICATIONS: COMMUNICATIONS PRODUCES ALUMNI PUBLICATIONS THAT INCLUDE THE ALUMNI MAGAZINE WITH A TOTAL ANNUAL CIRCULATION OF 354,000 AND AN ELECTRONIC NEWSLETTER WITH CIRCULATION OF 4,400,000. 3196102 50226 ALUMNI ENGAGEMENT: MANAGES ALUMNI CONSTITUENCY GROUPS. THE ASSOCIATION'S 80 GEORGIA TECH NETWORKS PROVIDE OPPORTUNITIES FOR ALUMNI TO SOCIALIZE, RECRUIT STUDENTS, RAISE FUNDS AND NETWORK. ALSO, IT OVERSEES THE LIVING HISTORY INITIATIVE, WHICH RECORDS THE PERSONAL MEMORIES OF THE GEORGIA TECH FAMILY. CAMPUS ENGAGEMENT: RESPONSIBLE FOR ACTIVITIES FACILITATING AND PROMOTING INTERACTION AMONG STUDENTS, ALUMNI, PARENTS AND FRIENDS OF GEORGIA TECH. THIS INCLUDES WORKING WITH APPROXIMATELY 50 ORGANIZATIONS ON CAMPUS AND SPONSORSHIP OF CAMPUS EVENTS. CAREER SERVICES: DEVELOP AND PROVIDE PROFESSIONAL AND CAREER DEVELOPMENT PROGRAMS FOR ALUMNI TO IMPROVE SKILLS, ASSIST IN JOB SEARCHES AND MAKE CAREER CHANGES.STRATEGIC COMMUNICATIONS: CONDUCTS RESEARCH AMONG THE ALUMNI BASE TO HELP SHAPE THE ASSOCIATION'S STRATEGIES AND PLANNING. ALSO MANAGES WWW.GTALUMNI.ORG,THE ALUMNI ASSOCIATION'S WEBSITE, AND ALL SOCIAL MEDIA. 3196102 50226 7262746 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 56 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 45 44 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X ALLISON C HICKMAN 4048942391 190 NORTH AVENUE ATLANTA GA 30313 X MAGD M RIAD CHAIR 1.00 X X 0 0 0 SHANTAN R PESARU PAST CHAIR 1.00 X X 0 0 0 ELIZABETH A BULAT CHAIR ELECT/VICE CHAIR 1.00 X X 0 0 0 THOMAS N HERRINGTON VICE CHAIR 1.00 X X 0 0 0 ANNIE I ANTON MEMBER AT LARGE 1.00 X 0 0 0 JASON A BYARS MEMBER AT LARGE 1.00 X 0 0 0 AMY HUNTER RICH MEMBER AT LARGE 1.00 X 0 0 0 BRIAN D TYSON MEMBER AT LARGE 1.00 X 0 0 0 JENNIFER R ABRAMS TRUSTEE 1.00 X 0 0 0 LATANZA W ADJEI TRUSTEE 1.00 X 0 0 0 SYBRINA Y ATWATERS TRUSTEE 1.00 X 0 0 0 ARCHEL J BERNARD TRUSTEE 1.00 X 0 0 0 MICHAEL E BOGACHEK TRUSTEE 1.00 X 0 0 0 JASMINE BURTON TRUSTEE 1.00 X 0 0 0 DUANE L CARVER JR TRUSTEE 1.00 X 0 0 0 AURELIEN COTTET TRUSTEE 1.00 X 0 0 0 ELIZABETH S DONNELLY TRUSTEE 1.00 X 0 0 0 MATTHEW S DUBNIK TRUSTEE 1.00 X 0 0 0 ADAM FULLER TRUSTEE 1.00 X 0 0 0 ROBYN L GATENS TRUSTEE 1.00 X 0 0 0 JOHN B GATTUSO TRUSTEE 1.00 X 0 0 0 MEGHAN E GREEN TRUSTEE 1.00 X 0 0 0 JAMES M HAMILTON TRUSTEE 1.00 X 0 0 0 JOHN A HANSON TRUSTEE 1.00 X 0 0 0 JOY F JORDAN TRUSTEE 1.00 X 0 0 0 JEANNE M KERNEY TRUSTEE 1.00 X 0 0 0 ANTONIO R LLANOS TRUSTEE 1.00 X 0 0 0 MATTHEW S MASON TRUSTEE 1.00 X 0 0 0 RANDOLPH W MCDOW TRUSTEE 1.00 X 0 0 0 MEREDITH ANDERSON MOOT TRUSTEE 1.00 X 0 0 0 ANTAI PENG TRUSTEE 1.00 X 0 0 0 ANNA R PINDER TRUSTEE 1.00 X 0 0 0 GEORGE S RAY TRUSTEE 1.00 X 0 0 0 JAMES A SANDERS TRUSTEE 1.00 X 0 0 0 STACEY SARRIS SAPP TRUSTEE 1.00 X 0 0 0 JACQUELYN R SCHNEIDER TRUSTEE 1.00 X 0 0 0 RENE A SIMON TRUSTEE 1.00 X 0 0 0 CHAD A SIMS TRUSTEE 1.00 X 0 0 0 COURTNEY ROBINSON SMITH TRUSTEE 1.00 X 0 0 0 MARY LYNN SMITH TRUSTEE 1.00 X 0 0 0 JOHN R SPRIGGLE TRUSTEE 1.00 X 0 0 0 KENJI TAKEUCHI TRUSTEE 1.00 X 0 0 0 MAURICE A TREBUCHON TRUSTEE 1.00 X 0 0 0 SHEETAL C WRZESIEN TRUSTEE 1.00 X 0 0 0 DENE SHEHEANE PRESIDENT 40.00 X X 268934 0 22386 ALLISON HICKMAN VP ADMIN 40.00 X 167720 0 24891 KIMBERLY BOWDEN VP ANNUAL GIVING 40.00 X 148723 0 18923 LEN CONTARDO SR DIR HR & PROF DEV 40.00 X 157463 0 13522 VALLEE DONOVAN CHIEF OF STAFF 40.00 X 157146 0 13443 JUSTIN ESTES DIRECTOR OF BUSINESS DEVLO 40.00 X 152749 0 12548 LINDSAY VAUGHN VP STRATEGIC COMMUNICATION 40.00 X 150000 0 12871 1202735 0 118584 9 0 1 0 0 174479 6101072 6275551 EVENTS 561300 364950 364950 SPONSORSHIP INCOME 900099 121300 121300 ADVERTISING 541800 57490 57490 543740 19222 19222 264395 264395 84343 78997 5346 5346 5346 298046 174479 219201 78845 78845 7457 4140 3317 3317 TOUR REVENUE 561500 217378 217378 OTHER INCOME 900099 40446 40446 257824 7448240 486250 278185 408254 50226 50226 436654 418659 17995 2997185 2873670 123515 254713 245459 9254 366171 350164 16007 270271 260451 9820 18000 18000 21946 21946 163195 158351 4844 123993 122822 1171 222670 208145 14525 207668 186901 20767 261480 251845 9635 3414 3073 341 63970 57573 6397 READERSHIP COSTS 910852 910852 FOOD AND BEVERAGE 613115 611158 1957 PRINTING AND PUBLICATIO 196855 196457 398 RENTALS, REPAIRS AND MA 175047 172428 2619 188065 184512 3553 7545490 7262746 282744 0 1113001 1270581 174851 324182 7007 2867 11355 66969 753358 526111 203279 227247 768389 746917 1020002 994149 12500 12500 3310384 3645412 678544 1016235 120307 123996 55702 6866 25097 805717 1221030 X 1110866 1064432 1393801 1359950 2504667 2424382 3310384 3645412 -97250 16965 0 X 0 1 X 1 0 X 5660307 5865539 6918666 5980989 6275551 30701052 5660307 5865539 6918666 5980989 6275551 30701052 405095 30295957 219442 276239 264138 232060 283617 1275496 311284 175191 107002 203206 278185 1074868 35902 13994 -1441 40446 88901 33140317 3440473 0.91420 0.91600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1393801 0 11375 45226 1359950 1381913 17148 36214 41474 1393801 1067901 314012 1381913 1.00000 0 0 160447 78181 82266 266907 237238 29669 326004 210692 115312 227247 HEDGE FUNDS AND DERIVATIVES 532766 F PRIVATE EQUITIES 461383 F 994149 OTHER LIABILITIES 25097 25097 X 7666601 16965 223342 240307 7426294 21946 21946 7448240 7746886 223342 223342 7523544 21946 21946 7545490 PART V, LINE 4: ENDOWMENT ASSETS ARE MANAGED BY THE FOUNDATION AND COMBINED IN THE FOUNDATION'S INVESTMENT POOL WHICH IS A BROADLY DIVERSIFIED FUND CONSISTING PRIMARILY OF STOCKS, BONDS, HEDGE FUNDS, REAL ESTATE, LIMITED PARTNERSHIPS AND PRIVATE EQUITIES. THE ASSOCIATION EXPECTS ITS ENDOWMENT ASSETS TO ACHIEVE A TARGET RATE OF RETURN OF 5% OVER THE CONSUMER PRICE INDEX OVER A FIVE-YEAR HORIZON AND TO OUTPERFORM THE INVESTMENT POLICY BENCHMARK OVER THE ROLLING FIVE-YEAR PERIODS. THE ASSOCIATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 4% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OF THE PRIOR 12 QUARTERS. IN ESTABLISHING THIS POLICY, THE ASSOCIATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, AND THE POSSIBLE EFFECTS OF INFLATION. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE ASSOCIATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. UNRELATED BUSINESS INCOME RESULTS FROM ADVERTISING INCOME. HISTORICALLY, THE COSTS ASSOCIATED WITH THE UNRELATED BUSINESS INCOME HAVE EXCEEDED THE REVENUE GENERATED. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES IS REQUIRED. THE ASSOCIATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2023 AND 2022, THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 219,201. COST OF GOODS SOLD 4,141. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 219,201. COST OF GOODS SOLD 4,141. GOLD & WHITE HONORS 472525 174479 298046 124154 1703 93343 472525 174479 298046 124154 1703 93343 219200 78846 1 SCHOLARSHIPS 91 50226 PART I, LINE 2: THE MONIES PAID OUT ARE THE CALCULATED AMOUNTS EARNED BY THE ENDOWMENTS AS CALCULATED BY THE GT FOUNDATION. THOSE MONIES ARE GIVEN DIRECTLY TO THE GT FINANCIAL AID OFFICE AND THEY DISTRIBUTE BASED ON THEIR CRITERIA FOR STUDENT NEED. THE GT ALUMNI ASSOCIATION DOES NOT PROVIDE INPUT ON THE SELECTION OF RECIPIENTS OR THE AMOUNT OF THE SCHOLARSHIPS. X X X 0 0 0 0 0 0 0 0 0 DENE SHEHEANE PRESIDENT 268934 0 0 0 0 0 21515 0 871 0 291320 0 0 0 ALLISON HICKMAN VP ADMIN 167720 0 0 0 0 0 13732 0 11159 0 192611 0 0 0 LEN CONTARDO SR DIR HR & PROF DEV 157463 0 0 0 0 0 12651 0 871 0 170985 0 0 0 VALLEE DONOVAN CHIEF OF STAFF 157146 0 0 0 0 0 12572 0 871 0 170589 0 0 0 KIMBERLY BOWDEN VP ANNUAL GIVING 148723 0 0 0 0 0 12012 0 6911 0 167646 0 0 0 JUSTIN ESTES DIRECTOR OF BUSINESS DEVLO 152749 0 0 0 0 0 11777 0 771 0 165297 0 0 0 LINDSAY VAUGHN VP STRATEGIC COMMUNICATION 150000 0 0 0 0 0 12000 0 871 0 162871 0 0 0 SCHEDULE J, PART II DENE SHEHEANE, PRESIDENT OF THE ASSOCIATION, EARNED $268,934 IN SALARY, $21,515 IN DEFERRED BENEFITS, AND $871 IN MEDICAL BENEFITS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD'S PAST CHAIRMAN AND AUDIT COMMITTEE CHAIR BEFORE IT IS SENT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEE MEMBERS SIGN THE CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE DETERMINES THE PRESIDENT'S SALARY. THIS COMMITTEE IS COMPOSED OF A SUBSET OF TRUSTEES FROM THE EXECUTIVE COMMITTEE. PRESIDENT DECIDES ALL THE OTHER EMPLOYEES' SALARIES. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES THESE SALARIES BASED ON THE RECOMMENDATION OF THE PRESIDENT. ABOUT EVERY FEW YEARS THE ASSOCIATION CONTRACTS WITH AN OUTSIDE HR FIRM TO DO A SALARY STUDY AS WELL AS CONSULTS THE PUBLISHED SALARIES FOR THE INSTITUTE AS A BASIS FOR SETTING EMPLOYEE'S SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE GEORGIA TECH ALUMNI ASSOCIATION DOES NOT MAKE ANY OF THESE DOCUMENTS PUBLIC. THE FINANCIAL INFORMATION CAN BE OBTAINED THROUGH THE FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AT THE ALUMNI ASSOCIATION. FORM 990-T - FEDERAL GENERAL FOOTNOTE GEORGIA TECH ALUMNI ASSOCIATION 58-0634853 PURSUANT TO SECTION 512(B)(2) AND REVENUE RULING 81-178, AND RECENT COURT CASES, THE GEORGIA TECH ALUMNI ASSOCIATION HAS EXCLUDED REVENUES AND RELATED EXPENSES INCURRED FROM INSURANCE ROYALTIES FROM ITS CALCULATIONS TO ARRIVE AT UNRELATED BUSINESS TAXABLE INCOME. THE ASSOCIATION PROVIDES NO SERVICES TO THE FOR-PROFIT COMPANY WHICH MARKETS THIS PROGRAM. ________________________________________________________________________ GEORGIA TECH ALUMNI ASSOCIATION 58-0634853 FORM 990-T, PAGE 4, SCHEDULE J, PART I, COLUMN 5 CIRCULATION INCOME: ALLOCATION OF MEMBERSHIPS RECEIPTS PURSUANT TO REGULATION 1.512(9)-1(4)(III): MEMBERSHIP RECEIPTS: $5,578,650 ALLOCATION PERCENTAGE: TOTAL PERIODICAL COSTS/ALL COSTS= $910,852 / $7,746,885 = 11.76% TOTAL CIRCULATION INCOME= $ 655,919