2024-05-13T11:28:07-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2022-07-01 582374837 GEORGIA TECH APPLIED RESEARCH CORPORATION GEOR 4048944819 926 DALNEY STREET NW ATLANTA GA 303320415 NEIL VITRO ASSISTANT TREASURER/SECRETARY 4048944819 2024-05-08 1 NEIL VITRO 999009999 1 AMY DOSIK P00890743 4042090954 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT FOY 926 DALNEY STREET NW ATLANTA GA 303320415 835351749 0 X WWW.GTARC.GATECH.EDU X 1998 GA THE MISSION OF THE GEORGIA TECH APPLIED RESEARCH CORPORATION (GTARC) IS TO PROVIDE EFFICIENT AND EFFECTIVE CONTRACTING, GRANT, AND RESEARCH ADMINISTRATION SERVICES FOR THE GEORGIA TECH RESEARCH INSTITUTE (GTRI), A NON-PROFIT RESEARCH ARM OF THE GEORGIA INSTITUTE OF TECHNOLOGY. GTARC PROVIDES BUSINESS MANAGEMENT SERVICES FOR GTRI AS IT CONDUCTS FOCUSED PROGRAMS OF INNOVATIVE RESEARCH, TECHNICAL ASSISTANCE, AND ECONOMIC DEVELOPMENT THAT ADVANCE THE GLOBAL COMPETITIVENESS OF GEORGIA, THE SOUTHEAST REGION, AND THE NATION. GTARC SERVES AS THE SOLE CONTRACTING ENTITY FOR GTRI. 12 9 0 0 0 0 0 0 699621958 824271411 129684 1605066 6175296 6750157 705926938 832626634 2476597 4567516 0 0 0 0 0 0 0 681987931 819002564 684464528 823570080 21462410 9056554 314724771 355628608 243671319 275518602 71053452 80110006 THE GEORGIA TECH APPLIED RESEARCH CORPORATION (GTARC) 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 819121859 4567516 824273075 THE GEORGIA INSTITUTE OF TECHNOLOGY RESEARCH ACTIVITY IS SUPPORTED BY THE GEORGIA TECH APPLIED RESEARCH CORPORATION WHICH CONSISTS OF RESEARCH PROGRAMS FOR GOVERNMENT AGENCIES. PAYMENTS AND REIMBURSEMENT OF EXPENSES AND GRANTS TO AND FOR THE BENEFIT OF GEORGIA INSTITUTE OF TECHNOLOGY HAVE BEEN MADE. THE GEORGIA TECH APPLIED 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. 819121859 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 9 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X NEIL VITRO 4043854446 926 DALNEY STREET NW ATLANTA GA 303320415 CHAOUKI T ABDALLAH PRESIDENT, TRUSTEE 1.00 40.00 X 417734 0 89177 KELLY FOX TRUSTEE 1.00 40.00 X 379885 0 46547 TROY LITTLES TRUSTEE 1.00 40.00 X 294224 0 29692 ROBIN BIENFAIT TRUSTEE 0.50 0.50 X 0 0 0 SCOTT FOUSE TRUSTEE 0.50 0.50 X 0 0 0 SCOTT FRANK TRUSTEE 0.50 0.50 X 0 0 0 PATRICK KELLY TRUSTEE 0.50 0.50 X 0 0 0 KENNETH MASSARONI TRUSTEE 0.50 0.50 X 0 0 0 LING-LING NIE TRUSTEE 0.50 0.50 X 0 0 0 LESLIE SIBERT TRUSTEE 0.50 0.50 X 0 0 0 REBECCA E WEIRICK TRUSTEE 0.50 0.50 X 0 0 0 EARL C WYATT TRUSTEE 0.50 0.50 X 0 0 0 ROBERT FOY INTERIM GENERAL MANAGER 20.00 20.00 X 215025 0 62882 JAMES HUDGENS SECRETARY 1.00 40.00 X 534313 0 57972 ALBERT CONCORD FACILITY SECURITY OFFICER 1.00 40.00 X 199271 0 41409 CYNTHIA HOPE VICE PRESIDENT & ASST SEC 40.00 1.00 X 248362 0 32814 KIM TOATLEY TREASURER 1.00 40.00 X 253419 0 58867 NEIL VITRO ASST SEC & ASST TREASURER 20.00 20.00 X 167957 0 60997 BRUCE HENRY ASST SEC & ASST TREASURER 16.00 24.00 X 134009 0 59551 JAMES FORTNER ASST SEC & ASST TREASURER 1.00 40.00 X 284882 0 85775 KEVIN WOZNIAK ASSISTANT SECRETARY 16.00 24.00 X 202571 0 46877 DANA SIMPSON ASSISTANT SECRETARY UNTIL NOV '22 40.00 1.00 X 154141 0 52639 TANESHA STEWARD ASSISTANT SECRETARY 1.00 40.00 X 130292 0 42309 SOPHIA HERBERT-PETERSON ASSISTANT SECRETARY 1.00 40.00 X 205189 0 45328 ROMY SMITH ASSISTANT SECRETARY 1.00 40.00 X 206905 0 57770 ROBERTA BURKE ASSISTANT SECRETARY 1.00 40.00 X 205738 0 20784 STEPHEN CROSS FORMER PRESIDENT 1.00 40.00 X 158423 0 0 4392340 0 891390 17 1 1 0 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 RESEARCH 734730394 THE UNIVERSITY FINANCING FOUNDATION INC 1800 PARKWAY PLACE SUITE 230 MARIETTA GA 30067 REAL ESTATE 3889032 GTF ATC LLC 1904 MONROE DRIVE ATLANTA GA 30324 REAL ESTATE 2308287 CENTERGY ONE ASSOC LLC PO BOX 101189 ATLANTA GA 30392 REAL ESTATE 1760247 HGIT HISTORIC DECATUR PO BOX 511494 LOS ANGELES CA 90051 REAL ESTATE 1253855 20 RESEARCH CONTRACTS 541700 824271411 824271411 824271411 1605066 1605066 9473608 2725115 6748493 6748493 6748493 1664 1664 1664 832626634 824273075 0 8353559 X 4567516 4567516 5288 5288 261715 261715 808015027 807802688 212339 735552 735552 331231 331231 52146 52146 23541 23541 6751655 6751655 583243 583243 SHARED EMPLOYEE EXPENSE 2107575 2107575 PROF. DEVELOPMENT 7800 7800 127791 127791 823570080 819121859 4448221 0 78420307 106119423 149673806 150398736 1074749 1210957 79003 27914 54249 51089 85501660 97848403 314724771 355628608 82888168 71852563 7546968 7705233 67117376 101978960 86118807 93981846 243671319 275518602 X 71053452 80110006 71053452 80110006 314724771 355628608 9056554 0 X 0 1 X 1 1 1 X X X 1 GEORGIA INSTITUTE OF TECHNOLOGY 586002023 6 1 4567516 0 1 4567516 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SECTION D, LINE 3 THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. THE CURRENT INVESTMENT POLICY WAS ADOPTED ON DECEMBER 8, 2009 AND IT FITS WITHIN REQUIREMENTS ESTABLISHED BY THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. ADDITIONALLY, ANY CHANGES TO THE POLICY OR INVESTING IN ANY TYPE OF INVESTMENT VEHICLE NOT DESIGNATED BY THE CURRENT INVESTMENT POLICY REQUIRES THE APPROVAL OF THE BOARD OF TRUSTEES. ADDITIONALLY, THE BOARD OF TRUSTEES RECEIVES REPORTS FROM THE TREASURER OF THE COMPANY AT ALL SEMI-ANNUAL BOARD MEETINGS. SECTION E, LINE 1C GIT IS A UNIT OF THE UNIVERSITY SYSTEM OF THE STATE OF GEORGIA. GEORGIA STATE LAW PROHIBITS GIT FROM ENTERING INTO LONG TERM CONTRACTS (DEFINED AS IN EXCESS OF ONE YEAR) THAT WOULD PLACE AN OBLIGATION ON THE STATE. GTARC 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. GTARC SERVES AS A CONTRACTING ENTITY FOR GIT AND CAN ENTER INTO LONG TERM CONTRACTS WITHOUT OBLIGATING THE STATE OF GEORGIA OR GIT. 0 1 X 79003 27914 51089 51089 SECURITY DEPOSITS 71123 LESSOR RECEIVABLE - CURRENT 6692411 LESSOR RECEIVABLE - NONCURRENT 41280736 RIGHT-TO-USE ASSETS 46008699 DUE FROM GEORGIA TECH RESEARCH CORPORATION 3795434 97848403 LEASE OBLIGATIONS - CURRENT 6692411 LEASE OBLIGATIONS - NONCURRENT 41280736 DEFERRED INFLOWS OF RESOURCES - LEASES 46008699 93981846 835351749 2725115 2725115 832626634 0 832626634 826295195 2725115 2725115 823570080 0 823570080 PART IV, LINE 2B: SPONSORED RESEARCH PROJECTS HAVE FEES CHARGED TO SPONSORS. THESE FEES ARE HELD ON BEHALF OF GIT AND CAN BE INVOICED TO GTARC BY THE APPROPRIATE DEPARTMENT OF GIT. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 2,725,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 2,725,115. 1 GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 170(C)(1) 3428824 0 STRATEGIC RESEARCH SUPPORT GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE ATLANTA GA 30332 586002023 170(C)(1) 1138692 0 RESEARCH PROGRAM SUPPORT 1 0 PART I, LINE 2: PURSUANT TO AN AGREEMENT BETWEEN GTARC AND THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, THE GTARC BOARD OF TRUSTEES ISSUES GRANTS FROM TIME TO TIME AS IT SEES FIT FOR THE PROMOTION OF RESEARCH AT GIT. THESE GRANTS ARE FUNDED FROM THE BALANCES HELD IN TRUST FOR GIT WHICH ARE REFLECTED IN THE UNRESTRICTED NET POSITION OF GTARC. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 JAMES HUDGENS SECRETARY 534313 0 0 0 0 0 28182 0 29790 0 592285 0 0 0 CHAOUKI T ABDALLAH PRESIDENT, TRUSTEE 417734 0 0 0 0 0 59704 0 29473 0 506911 0 0 0 KELLY FOX TRUSTEE 379885 0 0 0 0 0 26694 0 19853 0 426432 0 0 0 JAMES FORTNER ASST SEC & ASST TREASURER 284882 0 0 0 0 0 57960 0 27815 0 370657 0 0 0 TROY LITTLES TRUSTEE 294224 0 0 0 0 0 26862 0 2830 0 323916 0 0 0 KIM TOATLEY TREASURER 253419 0 0 0 0 0 50199 0 8668 0 312286 0 0 0 CYNTHIA HOPE VICE PRESIDENT & ASST SEC 248362 0 0 0 0 0 22969 0 9845 0 281176 0 0 0 ROBERT FOY INTERIM GENERAL MANAGER 215025 0 0 0 0 0 36614 0 26268 0 277907 0 0 0 ROMY SMITH ASSISTANT SECRETARY 206905 0 0 0 0 0 0 0 57770 0 264675 0 0 0 SOPHIA HERBERT-PETERSON ASSISTANT SECRETARY 205189 0 0 0 0 0 18827 0 26501 0 250517 0 0 0 KEVIN WOZNIAK ASSISTANT SECRETARY 202571 0 0 0 0 0 18069 0 28808 0 249448 0 0 0 ALBERT CONCORD FACILITY SECURITY OFFICER 199271 0 0 0 0 0 39284 0 2125 0 240680 0 0 0 NEIL VITRO ASST SEC & ASST TREASURER 167957 0 0 0 0 0 34569 0 26428 0 228954 0 0 0 ROBERTA BURKE ASSISTANT SECRETARY 205738 0 0 0 0 0 18827 0 1957 0 226522 0 0 0 DANA SIMPSON ASSISTANT SECRETARY UNTIL NOV '22 154141 0 0 0 0 0 30898 0 21741 0 206780 0 0 0 BRUCE HENRY ASST SEC & ASST TREASURER 134009 0 0 0 0 0 28600 0 30951 0 193560 0 0 0 TANESHA STEWARD ASSISTANT SECRETARY 130292 0 0 0 0 0 26476 0 15833 0 172601 0 0 0 STEPHEN CROSS FORMER PRESIDENT 0 0 0 0 158423 0 0 0 0 0 158423 0 158423 0 FORM 990, PART VI, SECTION A, LINE 7A THERE ARE TWELVE (12) MEMBERS OF THE BOARD OF TRUSTEES. THREE ARE GIT FACULTY. ONE MEMBER IS SELECTED BY THE GEORGIA TECH ALUMNI ASSOCIATION. ONE MEMBER IS SELECTED BY THE GEORGIA TECH FOUNDATION. THESE FIVE SELECT SEVEN ADDITIONAL MEMBERS FROM INDUSTRY AT LARGE WITHOUT REGARD TO WHETHER THESE SEVEN ADDITIONAL MEMBERS ARE ALUMNI. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SR. DIRECTOR OF ACCOUNTING AND FINANCE, PRESENTED IN DETAIL TO THE AUDIT COMMITTEE, AND THEN DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C GEORGIA TECH APPLIED 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 BYLAWS, ARTICLES OF INCORPORATION, FINANCIALS, AND CONFLICT OF INTEREST ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G RESEARCH SERVICE CHARGE: PROGRAM SERVICE EXPENSES 807,802,688. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 807,802,688. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 212,339. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,339. GEORGIA TECH RESEARCH CORPORATION 926 DALNEY STREET NW ATLANTA GA 303320415 580603146 SPONSORED RESEARCH FOR GEORGIA INSTITUTE OF TECHNOLOGY GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA INSTITUTE OF TECHNOLOGY 500 TECH PARKWAY ATLANTA GA 30332 586002023 EDUCATION AND RESEARCH GA 170(C)(1) BOARD OF REGENTS OF THE 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 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GLOBAL CENTER FOR MEDICAL INNOVATION INC 75 5TH STREET NW ATLANTA GA 30332 264723391 RESEARCH GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 HOME PARK LEARNING CENTER INC 500 TECH PARKWAY ATLANTA GA 30332 582644893 CHILD CARE GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 SOUTHERN LIGHT RAIL INC 225 NORTH 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 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECONOMIC DEVELOPMENT GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0