2024-11-08T08:44:59-06:00 2023-12-31 MILLER COOPER & CO LTD 1751 Lake Cook Road Suite 400 Deerfield IL 60015 990 2023-01-01 362170137 Institute of Gas Technology % PAULA A GANT INST 8477680500 1700 S Mount Prospect Road Des Plaines IL 600181804 Paula Gant President & CEO 8477680500 2024-11-15 true true Steven R Glover P00253365 8472055000 2024-11-15 2023 2024-10-15 13:58:12Z GTI Energy Paula Gant 1700 S Mount Prospect Road Des Plaines IL 600181804 129936400 false X https://www.gti.energy/ X 1941 IL GTI ENERGY solves important energy challenges worldwide, turning technology and insights into solutions that create exceptional value for our customers. 11 10 375 7879739 0 45911914 43707996 51827285 63569039 1523535 3060368 13063027 7643667 112325761 117981070 85500 80500 0 0 52368740 51949535 0 0 0 67039089 65185285 119493329 117215320 -7167568 765750 146565519 151389687 62657733 62773235 83907786 88616452 GTI ENERGY SOLVES IMPORTANT ENERGY CHALLENGES WORLDWIDE, TURNING TECHNOLOGY AND INSIGHTS INTO SOLUTIONS THAT CREATE EXCEPTIONAL VALUE FOR OUR CUSTOMERS. false false 63003741 101721646 Sponsored energy and environmental research and development. Program services expenses include direct costs on projects only and exclude allocation of any indirect costs. Estimated number of clients: 316 3602837 5555388 Education program and services. Program services expenses include direct costs on projects only, and exclude allocation of any indirect costs. Estimated number of clients: 193 66606578 true false false true false false false false false false true true false true true false false true false false true false false false false false false true false true false false false false false false false false false false false false false true true true false false true 145 0 true 375 true true true false false false false false false false false false true false X 11 10 false false false false false true false true true false false true true true true true true true true false CA IL X PAULA A GANT 8477680500 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 MR DAVID C CARROLL PRESIDENT & CEO - former 40.0 0.0 X 1621582 0 25408 MS PAULA A GANT President & CEO 40.0 0.0 X 1073872 0 73327 MR JAMES F INGOLD SVP of FINANCE, TREASURER, CFO 40.0 0.0 X 641681 0 79621 MR QUINTON B FORD SVP, Tech Dev, Gen Counsel, Co 40.0 0.0 X 633951 0 76271 MR RONALD N SNEDIC SVP, CORPORATE DEVELOPMENT 40.0 0.0 X 622246 0 84873 MR MICHAEL A RUTKOWSKI Officer - Former 40.0 0.0 X 554694 0 0 MR DONALD STEVENSON VP, Carbon MGMT & Conv 40.0 0.0 X 311403 0 84855 MR DUNCAN ROBINSON VP, COMMERCIALIZATION 40.0 0.0 X 317558 0 75371 MR RICHARD KAELIN VP, GOVERMENT Services 40.0 0.0 X 318630 0 72326 MR ANTHONY H EASTLAND Senior DIRECTOR, R&D 40.0 0.0 X 289658 0 80464 MR JOHN L MARION Senior Director, Programs 40.0 0.0 X 296395 0 56597 MR SEYMOUR KHALILOV MD, Strategy & Bus Planning 40.0 0.0 X 281197 0 68085 MS KRISTINEMILA WILEY VP, Low Carbon Energy 40.0 0.0 X 295360 0 31245 MR ANTHONY T LINDSAY MD, Infrastructure 40.0 0.0 X 260848 0 63073 MR PAUL E GLANVILLE Senior DIRECTOR, R&D 40.0 0.0 X 248512 0 66496 MR WILLIAM W FOLLETT IV Program Director, SCO2 40.0 0.0 X 260781 0 39041 MR ZAHER EL ZAHAB Program Manager, Gasification 40.0 0.0 X 204615 0 52755 MR ARTHUR CORBIN DIRECTOR 0.87 0.0 X 0 0 0 MS REBECCA RANICH CHAIR 0.95 0.0 X 0 0 0 MR DAVID F SMITH DIRECTOR 0.41 0.0 X 0 0 0 MR JOHN W SOMERHALDER II DIRECTOR 0.83 0.0 X 0 0 0 MS LORI TRAWEEK DIRECTOR 0.68 0.0 X 0 0 0 MR NICK STAVROPOULOS VICE CHAIR 0.83 0.0 X 0 0 0 MR CARLOS CABRERA DIRECTOR 0.41 0.0 X 0 0 0 MR MICHAEL WEBBER DIRECTOR 0.41 0.0 X 0 0 0 MR SCOTT DRURY Director 0.41 0.0 X 0 0 0 MS LAUREN RILEY DIRECTOR 0.41 0.0 X 0 0 0 MR SUMEET SINGH director 0.41 0.0 X 0 0 0 MS TINA FARACA Director 0.25 0.0 X 0 0 0 8232983 0 1029808 17 true true false PAULEY ERICKSON AND SWANSON 2800 W HIGGINS SUITE 365 HOFFMAN ESTATES IL 60169 INTELLECTUAL PRPTY 276591 TISHA SCHULLER 6229 FOUR MILE CANYON DR BOULDER CO 80302 Strategic Consulting 325259 PLATO ELEARNING LLC 55 North Merchant St 1221 AMERICAN FORK UT 84003 E-Learning Products 477373 DEEP SYSTEMS LLC 3259 Border Rd GENEVA IL 60134 IT Network Support 384025 OPTIFUEL SYSTEMS LLC 601 Bay St BEAUFORT SC 229025521 Product engineering 262750 5 43707996 43707996 INDUSTRY SPONSORED RESEARCH 541700 58914679 51612456 7302223 EDUCATION/PROGRAM DEVELOPMENT 611710 4654360 4654360 63569039 1348464 278796 1069668 0 2329572 250000 2079572 558646 558646 0 558646 558646 13667235 11955330 1711905 1711904 1711904 0 0 0 0 0 0 0 0 0 EQUITY IN EARNINGS/(LOSS) OF AFFILIATES 541900 4553420 4553420 ADMIN SERVICES 561000 48720 48720 RECOVERY OF LOSS 900099 114707 114707 38602 38602 4755449 117981070 56266816 7879739 10126519 80500 80500 0 0 0 6960055 1051421 5908634 0 31982240 12656859 19325381 3573128 1297180 2275948 6546932 2328436 4218496 2887180 1020050 1867130 1691612 1691612 246350 246350 257378 257378 361516 361516 0 55140 55140 41234865 39967301 1267564 363155 363155 3779242 2742050 1037192 1993796 1993796 208000 208000 2513759 1572 2512187 2062955 1158576 904379 0 125157 106739 18418 437688 437688 0 3786244 1490046 2296198 743308 743308 OTHER DIRECT COSTS OF SPONSORE 2705848 2705848 NON OP POSTRETIREMENT BEN. EXP -254904 -254904 OTHER EXPENSES 2809589 2809589 INCOME TAX RECOVERY -83000 -83000 147587 147587 117215320 66606578 50608742 0 1190889 1753831 810354 796096 0 0 34892119 32068952 0 0 0 0 5636000 6358500 0 0 830980 786309 51872631 42381698 9856222 9490933 59210959 63142825 17859903 20972767 0 0 3750000 2250000 12528093 13769474 146565519 151389687 26741618 32880964 0 0 20829605 20206234 0 0 0 0 0 0 0 0 13000000 8500000 2086510 1186037 62657733 62773235 X 83907786 88616452 0 0 83907786 88616452 146565519 151389687 X 765750 3942916 X false true X true true true X 48023197 40563064 43289818 40044260 43707996 215628335 67344184 44480235 44354592 46016052 56381522 258576585 0 0 0 115367381 85043299 87644410 86060312 100089518 474204920 0 27364155 23005002 18893930 15741483 26159093 111163663 27364155 23005002 18893930 15741483 26159093 111163663 363041257 8041556 5691265 6335228 6252815 3957885 30278749 0 8041556 5691265 6335228 6252815 3957885 30278749 1956 175923 171544 62639 38602 450664 0 123410893 90910487 94151182 92375766 104086005 504934333 0.71899 0.69485 0.05997 0.06344 X false true false false false false true 361516 false false 361516 false SCH C PART II-B LINE 1G GTI Energy's LOBBYING ACTIVITIES CONSIST OF AN EFFORT TO EDUCATE CONGRESS ON THE NEED TO SUPPORT CLEAN ENERGY SYSTEMS AND RELATED RESEARCH AND TECHNOLOGY DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC. 1831068 1058836 32087681 27933365 4154316 14802819 11118356 3684463 3151063 2557745 593318 9490933 20972767 C 20972767 POSTRET BEN ASSET-NET 10925821 DEFERRED TAX ASSET 2025000 VALUATION ALLOWANCE -1597000 457 ASSETS AT TIAA 1398660 ROU WASHINGTON DC 0 165-02 ROU AGOURA HILLS CA 341800 165-01 ROU WOODLAND HILLS CA 675193 13769474 0 DUE TO AFFILIATE 101053 253-02 LT LEASE AGOURA HILLS 262130 253-01 LT LEASE WOODLAND HILL 534936 236-03 ST LEASE WASHINGTON DC 0 236-02 ST LEASE AGOURA HILLS 99038 236-01 ST LEASE WOODLAND HILL 188880 1186037 Europe (Including Iceland and Greenland) Program Services SCIENTIFIC RESEARCH 36000 East Asia and the Pacific Program Services Education Related 21000 North America Program Services Scientific Research 21000 Sub-Saharan Africa Program Services Indirect Management 7000 East Asia and the Pacific Program Services Indirect Mgmt Activity 59000 East Asia and the Pacific Program Services Scientific Research 2000 Europe (Including Iceland and Greenland) Unrelated Trade or Business 5000 Middle East and North Africa Program Services Indirect Mgmt Activity 1000 North America Program Services Indirect Mgmt Activity 10000 North America Unrelated Trade or Business 1000 North America Program Services Education Related 5000 South America Program Services Indirect Mgmt Activity 1000 South America Program Services Scientific Research 9000 Sub-Saharan Africa Program Services Scientific Research 5000 271000 271000 false false false false false false true LEHIGH UNIVERSITY 306 S NEW STREET SUITE 451 BETHLEHEM PA 18015 240795445 501(c)(3) 62500 THE LEHIGH UNIVERSITY DONATION IS IN SUPPORT OF LEHIGH'S PASTEUR PHD PARTNERS (P3) PROGRAM. LEHIGH HAS PROPOSED, AND GTI HAS ACCEPTED THAT THE DONATION SHALL DIRECTED TO A P3 PROGRAM RESEARCH TOPIC THAT IS SCIENTIFIC IN NATURE AND GENERALLY IN THE AREA OF DATA-DRIVE INTERDEPENDENT ENERGY SYSTEMS. MIT ENERGY INITIATIVE 77 MASSACHUSETTS AVE CAMBRIDGE MA 02139 042103594 501(c)(3) 18000 THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY ENERGY INITIATIVE DONATION IS IN SUPPORT OF THE 2023 C3E WOMEN IN CLEAN ENERGY SYMPOSIUM AND AWARDS. GTI ENERGY SPONSORSHIP ALLOWS TO DIRECTLY IMPACT AND SUPPORT DIVERSITY AND LEADERSHIP IN CLEAN ENERGY. 1 The LeHigh University donation is in support of Lehigh's Pasteur PhD Partners (P3) Program. LeHigh has proposed, and GTI Energy has accepted, that the donation shall be directed to a P3 Program research topic that is scientific in nature and generally in the area of data-drive interdependent energy systems. 2 THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY ENERGY INITIATIVE DONATION IS IN SUPPORT OF THE 2023 C3E WOMEN IN CLEAN ENERGY SYMPOSIUM AND AWARDS. GTI ENERGY SPONSORSHIP ALLOWS TO DIRECTLY IMPACT AND SUPPORT DIVERSITY AND LEADERSHIP IN CLEAN ENERGY. X X X true true X X X X X false false false false false false false true false MR DAVID C CARROLL PRESIDENT & CEO - former -9779 697239 934122 25408 1646990 1176487 MR RONALD N SNEDIC SVP, CORPORATE DEVELOPMENT 322855 295029 4362 47693 37180 707119 MR JAMES F INGOLD SVP of FINANCE, TREASURER, CFO 332631 304863 4187 47693 31928 721302 MR DONALD STEVENSON VP, Carbon MGMT & Conv 262081 47000 2322 46930 37925 396258 MR ANTHONY T LINDSAY MD, Infrastructure 220423 36361 4064 37089 25984 323921 MR ANTHONY H EASTLAND Senior DIRECTOR, R&D 250911 34793 3954 43139 37325 370122 MR QUINTON B FORD SVP, Tech Dev, Gen Counsel, Co 330986 296971 5994 47693 28578 710222 MR JOHN L MARION Senior Director, Programs 256721 32816 6858 42101 14496 352992 MS PAULA A GANT President & CEO 457690 614250 1932 47693 25634 1147199 MR MICHAEL A RUTKOWSKI Officer - Former 270061 284633 554694 MR WILLIAM W FOLLETT IV Program Director, SCO2 231421 25453 3907 35982 3059 299822 MR PAUL E GLANVILLE Senior DIRECTOR, R&D 175871 71564 1077 27559 38937 315008 MS KRISTINEMILA WILEY VP, Low Carbon Energy 245820 49000 540 31245 326605 MR RICHARD KAELIN VP, GOVERMENT Services 263820 54000 810 36143 36183 390956 MR DUNCAN ROBINSON VP, COMMERCIALIZATION 261016 55000 1542 36143 39228 392929 MR ZAHER EL ZAHAB Program Manager, Gasification 187608 16493 514 21218 31537 257370 MR SEYMOUR KHALILOV MD, Strategy & Bus Planning 253087 27000 1110 31760 36325 349282 PART I LINE 1A GTI ENERGY REQUIRES PRIOR WRITTEN APPROVAL OF THE PRESIDENT AND CEO, OR THE SVP OF FINANCE, TREASURER AND CFO IN ORDER TO REIMBURSE ANY COSTS RELATED TO A SPOUSE ACCOMPANYING A STAFF MEMBER ON A BUSINESS TRIP. GTI ENERGY REIMBURSES FOR FIRST CLASS TRAVEL AND ANY COSTS RELATED TO THE BUSINESS TRIP IN ACCORDANCE WITH A WRITTEN POLICY AND PROCEDURE. GTI ENERGY REIMBURSES ALL EMPLOYEES UP TO $300 PER YEAR FOR HEALTH CLUB DUES SUBSTANTIATED BY A RECEIPT. PART I LINE 7 NON-OFFICERS LISTED IN PART VII, SECTION A ARE ELIGIBLE FOR INCENTIVE COMPENSATION UNDER GTI ENERGY'S MANAGEMENT INCENTIVE PLAN. RECOMMENDED BONUSES ARE CALCULATED UNDER TERMS OF THE PLAN, AND THE ACTUAL INCENTIVE AWARDED MUST HAVE THE APPROVAL OF THE PRESIDENT OF GTI ENERGY. OFFICER INCENTIVE COMPENSATION IS DETERMINED UNDER THE TERMS OF THE AWARD, AND THE ACTUAL INCENTIVE AWARDED IS SUBJECT TO DISCRETIONARY ADJUSTMENT BY, AND THE APPROVAL OF, THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A The directors of the corporation excluding the ex-offcio directors shall be divided into three groups, as nearly equal in number as possible. At each annual meeting, successors to the group of director whose terms are ending at such meeting shall be elected for a term expiring at the third annual meeting of the board of directors following such election. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE ORGANIZATION'S ARTICLES OF INCORPORATION can be done by the board of directors. FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 PRIOR TO ITS DISTRIBUTION TO MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C GTI ENERY HAS A SEPARATE CONFLICT OF INTEREST POLICY FOR ITS BOARD OF DIRECTORS, CONFLICTS OF INTEREST MUST BE REPORTED IMMEDIATELY. IF A CONFLICT OF INTEREST IS IDENTIFIED, IT IS DISCUSSED WITH THE GENERAL COUNSEL TO IDENTIFY THE PROPER COURSE OF REMEDIAL ACTION. THESE ACTIONS MAY RANGE FROM RECUSAL IN ANY BUSINESS TRANSACTIONS INVOLVING GTI NNERGY OR THE OTHER INTERESTED ORGANIZATION, TO WITHDRAWING FROM INVOLVEMENT IN THE OTHER ORGANIZATION'S BOARD OF DIRECTORS, TO OTHER ACTIONS THAT ASSURE THE CONFLICT OF INTEREST, OR EVEN THE APPEARANCE OF A CONFLICT OF INTEREST MAY BE AVOIDED. ALL GTI ENERGY EMPLOYEES ARE COVERED BY A SEPARATE WRITTEN CONFLICT OF INTEREST POLICY. POTENTIAL AND ACTUAL EMPLOYEE CONFLICTS OF INTEREST ARE REVIEWED BY THE GENERAL COUNSEL. ALL EMPLOYEES HAVE THE OBLIGATION TO OBTAIN THE GENERAL COUNSEL'S PRIOR WRITTEN APPROVAL FOR ALL SUCH ACTIVITY. THE FAILURE TO OBTAIN THE GENERAL COUNSEL'S PRIOR WRITTEN APPROVAL SHALL CONSTITUTE GROUNDS FOR IMMEDIATE DISMISSAL WITH CAUSE. THE DIRECTORS ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. GTI ENERGY'S EMPLOYEES ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE POSITIONS THAT WERE REVIEWED INCLUDED THE PRESIDENT AND CEO, CHIEF FINANCIAL OFFICER, GENERAL COUNSEL AND SECRETARY, SENIOR VICE PRESIDENT OF RESEARCH OPERATIONS, SENIOR DIRECTOR OF ENGINEERING, PROGRAM DIRECTOR OF ADVANCED POWER SYSTEM, MANAGING DIRECTOR OF INFRASTRUCTURE, VICE PRESIDENT OF MANAGING DIRECTOR OF ENERGY SUPPLY & CONVERSION, VICE PRESIDENT OF HYDROGEN TECHNOLOGY CENTER, VICE PRESIDENT OF GOVERNMENT AFFAIRS, VICE PRESIDENT OF PEOPLE & ENGAGEMENT, VICE PRESIDENT OF COMMERCIALIZATION, AND SENIOR VICE PRESIDENT OF CORPORATE DEVELOPMENT. ANNUALLY, AN OUTSIDE COMPANY, DELARK HR SOLUTIONS AND KORN FERRY, DETERMINES THE APPROPRIATE TOTAL COMPENSATION RANGES FOR THE ABOVE POSITIONS. A RECOMMENDATION FOR MERIT INCREASES AND BONUSES IS MADE TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, ANNUALLY, BASED ON THE EXTERNAL MARKET STUDY PERFORMED BY DELARK HR SOLUTIONS, THE COMPANY'S PERFORMANCE, AND THE INDVIDIUAL'S PERFORMANCE. THE COMPENSATION COMMITTEE DETERMINES THE FINAL MERIT INCREASE AND BONUS AMOUNTS. MERIT INCREASES FOR OFFICERS ARE BASED ON SPECIFIC FORMULAS WHICH INCORPORATE TARGET AMOUNTS FOR EACH SET OF INCREASES, AND ARE INCREASED OR REDUCED COMPANYWIDE, BASED ON THE DIRECTION OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE SPECIFICALLY APPROVES COMPENSATION FOR OFFICERS. THEIR ACTIONS ARE DETAILED IN THE COMPENSATION COMMITTEE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G TOTAL OF OTHER SERVICES EXCEEDS 10% OF LINE 25 COL (A), THEREFORE A LIST OF EXPENSES FOLLOWS: ENGINEERING AND TECHNICAL SERVICES- $37,129,139 EDUCATION AND TRAINING SERVICES- $2,962,983, PATENT MAINTENANCE SERVICES- $1,128,572 AND ADVOCACY SERVICES $14,171. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:41234865 GTI INTERNATIONAL INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 364349614 PRODUCT COMME DE NA C CORP 8334 25705464 1.00000 false FRONTIER ENERGY 1000 BROADWAY SUITE 410 OAKLAND CA 94607 942802034 ENERGY CONSUL CA GTI INTERNATION C CORP 5082672 24103485 1.00000 false PROJEO CORPORATION 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 823645843 ENERGY CONSUL IL GTI INTERNATION C CORP -192732 4152885 1.00000 false SUNGAS RENEWABLES INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 863847820 ENERGY CONSUL DE GTI INTERNATION C CORP -3574325 14246263 0.94000 false PROJEO SOLUTIONS CORPORATION 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 873914402 ENERGY CONSUL DE GTI INTERNATION C CORP 0 10 1.00000 false REV INNOVATIONS INC 1700 S MOUNT PROSPECT ROAD DES PLAINES IL 60018 871466439 ENERGY CONSUL DE NA C CORP -190434 125499 1.00000 false true false false true false true false false false false false true true false false true true false true GTI INTERNATIONAL INC A 52671 CASH TRANSFERRE SUNGAS RENEWABLES INC A 450000 CASH TRANSFERRE GTI INTERNATIONAL INC D 6193500 CASH TRANSFERRE GTI INTERNATIONAL INC F 1000000 CASH TRANSFERRE FRONTIER ENERGY L 283117 PART VII NOTE 2 GTI INTERNATIONAL INC L 56288 PART VII NOTE 1 SUNGAS RENEWABLES INC L 444163 PART VII NOTE 2 REV INNOVATIONS INC L 91244 PART VII NOTE 2 PROJEO CORPORATION L 195448 PART VII NOTE 1 FRONTIER ENERGY M 340854 PART VII NOTE 5 PROJEO CORPORATION M 128214 PART VII NOTE 6 FRONTIER ENERGY P 188581 PART VII NOTE 4 FRONTIER ENERGY Q 1433074 PART VII NOTE 3 SUNGAS RENEWABLES INC Q 709381 PART VII NOTE 3 REV INNOVATIONS INC Q 78271 PART VII NOTE 3 PROJEO CORPORATION Q 254644 PART VII NOTE 3 GTI INTERNATIONAL INC S 5471000 CASH TRANSFERRE REV INNOVATIONS INC A 183774 CASH TRANSFERRE PART V LINE 2, (6), (8) Note 1 THE FAIR VALUE OF THE ADMINSTRATIVE SERVICES PERFORMED FOR THE RELATED ORGANIZATION WAS DETERMINED USING GTI'S ACTUAL COST OF LABOR, THE ACTUAL FRINGE RATE FOR THE YEAR, AND 7% OF THE LABOR COST PLUS FRINGE. PART V LINE 2, (5), (7), (9) Note 2 THE FAIR VALUE OF THE ADMINISTRATIVE AND TECHNICAL INDIRECT SERVICES PERFORMED FOR THE RELATED ORGANIZATIONS WAS DETERMINED USING GTI ENERGY'S ACTUAL COST OF LABOR, THE ACTUAL FRINGE RATE FOR THE YEAR, AND 7% OF THE LABOR COST PLUS FRINGE, THE FAIR VALUE OF TECHNICAL SERVICES PERFORMED UNDER CUSTOMER PROJECTS OF THE RELATED ORGANIZATION WAS DETERMINED USING GTI ENERGY'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES, OR FOR OTHER TECHNICAL SERVICES PROJECTS, THE LABOR PORTION WAS VALUED USING STANDARD COMMERCIAL T&M BILLING RATES. PART V LINE 2 (13), (14), (15), (16) Note 3 THE FAIR VALUES OF EXPENSES REIMBURSED BY RELATED ORGANIZATIONS TO GTI ENERGY AND INCURRED IN CONJUNCTION WITH THE PERFORMANCE OF ADMINISTRATIVE OR TECHNICAL INDIRECT SERVICES BY GTI ENERGY, WERE DETERMINED TO BE THE AMOUNT OF GTI ENERGY'S ACTUAL COST OF THOSE EXPENSES, OR THE AMOUNT AT WHICH THE EXPENSES WERE ULTIMATELY INVOICED TO THE SPONSOR OF THE WORK. PART V LINE 2(12) Note 4 THE FAIR VALUE OF EXPENSE REIMBURSEMENTS PAID TO THE RELATED PARTY WERE DETERMINED TO BE AT COST, OR THE AMOUNT AT WHICH THE EXPENSES WERE ULTIMATELY INVOICED TO THE SPONSOR OF THE WORK. PART V LINE 2(10) Note 5 THE FAIR VALUE OF THE FEI SERVICES PERFORMED TO EXECUTE A PORTION OF THE SCOPE OF WORK ON GTI ENERGY CUSTOMER SPONSORED PROJECTS WAS DETERMINED USING FEI'S COMMERCIAL BILLING RATES FOR 2023, OR FEI'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES, AND FEE, IF APPLICABLE. PART V LINE 2 (11) Note 6 THE FAIR VALUE OF THE PROJEO SERVICES PERFORMED WAS BASED ON PROJEO'S ACTUAL COST, PLUS FRINGE, AND INDIRECTS AT THE GOVERNMENT APPROVED PROVISIONAL INDIRECT RATES.