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ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN THAT CERTAIN MATTERS, SUCH AS GCMI'S AND T3 LABS' TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN THEIR ANNUAL INFORMATIONAL TAX RETURNS AND THUS MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURNS WILL BE SUSTAINED UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATING TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2023. NO INFORMATIONAL TAX RETURNS ARE CURRENTLY UNDER EXAMINATION. false false false false false false false false false CHAOUKI ABDALLAH DIRECTOR 417734 59704 29473 506911 ANDRES J GARCIA DIRECTOR 383795 400 28182 27711 440088 SHERRY FARRUGIA CEO 301187 10 58204 16405 375806 JEFFREY WHITE COO 263789 180 11265 25118 29235 329587 ROBERT FOY TREASURER 178954 15 36056 36614 26268 277907 MACHELLE PARDUE FORMER DIRECTOR 156143 19083 34177 196 209599 ROGER MASON ASST. TREASURER 145009 540 29428 12343 187320 CYNTHIA MARTIN ASST. TREASURER 142451 200 28838 15816 187305 TANESHA STEWARD SECRETARY 130292 26476 15833 172601 ALYSSA PANITCH DIRECTOR 123155 25500 11608 8266 168529 FORM 990, PAGE 1, ITEM C T3 LABS FORM 990 PRIOR TO SEPTEMBER 1, 2016, THE ORGANIZATION WAS CONTROLLED BY ITS SOLE MEMBER, EMORY/SAINT JOSEPH'S INC. AND WAS INCLUDED IN A GROUP EXEMPTION RULING MAINTAINED BY EMORY UNIVERSITY, A GEORGIA NON-PROFIT CORPORATION. AT SEPTEMBER 1, 2016, EMORY/SAINT JOSEPH'S INC. HAD CONVEYED ITS 100% MEMBERSHIP INTEREST IN THE ORGANIZATION TO THE GLOBAL CENTER FOR MEDICAL INNOVATION, INC. ("GCMI"), A GEORGIA NON-PROFIT CORPORATION, EIN 26-4723391, FROM WHICH TIME THE ORGANIZATION SHALL FILE A SEPARATE FORM 990. THE ORGANIZATION FILED FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, ON DECEMBER 29, 2017, AND RECEIVED A DETERMINATION LETTER DATED SEPTEMBER 27, 2018, AFFIRMING ITS TAX-EXEMPT STATUS. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION'S SOLE MEMBER IS THE GLOBAL CENTER FOR MEDICAL INNOVATION, INC., EIN 26-4723991. FORM 990, PAGE 6, PART VI, LINE 7A BOARD MEMBERS ARE APPOINTED BY THE BOARD OF DIRECTORS OF GCMI, THE ORGANIZATION'S SOLE MEMBER. THE BOARD OF DIRECTORS OF THE ORGANIZATION MAY BE COMPRISED OF THE SAME INDIVIDUALS WHO SERVE ON GCMI'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B FOLLOWING REVIEW BY MANAGEMENT AND CERTAIN OFFICERS, THE SECRETARY EMAILS A DRAFT OF THE FORM 990 TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. IF THE REVIEW RESULTS IN ANY CHANGES, THE REVISED FORM 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF THE ORGANIZATION. THE POLICY ALSO SERVES AS GUIDANCE FOR ALL PERSONS EMPLOYED BY THE GEORGIA INSTITUTE OF TECHNOLOGY WHO HAVE SIGNIFICANT RESPONSIBILITIES FOR THE ACTIVITIES OF THE ORGANIZATION. THE POLICY REQUIRES EACH DIRECTOR AND OFFICER ANNUALLY TO (1)REVIEW THE POLICY (2)DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE ORGANIZATION AND (3)ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT THEY ARE IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. DISCLOSURE FORMS ARE DISTRIBUTED AND COLLECTED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION WHO PROVIDES ANY POSITIVE RESPONSES TO THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AS APPROPRIATE. DIRECTORS AND OFFICERS ARE REQUESTED TO DISCLOSE SUBSTANTIVE RELATIONSHIPS THEY OR MEMBERS OF THEIR FAMILY MAINTAIN WITH ORGANIZATIONS THAT DO BUSINESS WITH THE ORGANIZATION OR WHICH OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT IN LIGHT OF THEIR DECISION- MAKING AUTHORITY OR RESPONSIBILITY. DIRECTORS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH THE CONFLICTS DO NOT VOTE, PARTICIPATE IN THE DISCUSSION OR ATTEND THE MEETING DURING VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OPERATIONAL CONSULTANTS 130,503 102,187 0 CONTRACT LABOR 971,643 8,004 0 TOTAL 1,102,146 110,191 0 GEORGIA ADVANCED TECHNOLOGY VENTURE 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 TECH TRANS GA 501C3 12A N/A false GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 STATE UNIV GA 115 N/A false GEORGIA TECH APPLIED RESEARCH CORPO 926 DALNEY ST NW ATLANTA GA 30332 582374837 RESEARCH GA 501C3 12C GEORGIA TE CH RESEARCH CORPORATION false GEORGIA TECH ATHLETIC ASSOCIATION 150 BOBBY DODD WAY NW ATLANTA GA 30332 580622514 ATHLETICS GA 501C3 7 N/A false GEORGIA TECH FACILITIES INC 225 NORTH AVENUE NW ATLANTA GA 30332 521442293 CONSTRUCTI GA 501C3 12A N/A false GEORGIA TECH GLOBAL INC 221 UNCLE HEINIE WAY LYMAN HALL 305 ATLANTA GA 30332 271010747 GLOBAL SUP GA 501C3 12A N/A false GEORGIA TECH RESEARCH CORPORATION 926 DALNEY ST NW ATLANTA GA 30332 580603146 RESEARCH GA 501C3 12C N/A false HOME PARK LEARNING CENTER 225 NORTH AVENUE NW ATLANTA GA 30332 582644893 CHILD CARE GA 501C3 12A N/A false SOUTHERN LIGHT RAIL INC 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 NLR ACCESS GA 501C3 7 GEORGIA IN STITUTE OF TECHNOLOGY false THE GLOBAL CENTER FOR MEDICAL INNOVATION INC 575 14TH STREET NW ATLANTA GA 30332 264723391 RESEARCH GA 501C3 7 GEORGIA IN STITUTE OF TECHNOLOGY false GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDG 2ND FL EAST 54TH ST PANAMA CITY PM GLOBAL SUP PM 501C3 GT GLOBAL true SHENZHEN GA INST OF TECH FDN FOR ED U 88 HAIDETONG NANSHAN DISTRICT SHENZHEN CHINA CH GLOBAL SUP CH 501C3 GEORGIA TE CH false false false false false false false false false false false true true false false false true false false false