2024-11-14T15:59:33-06:00 2024-06-30 721396621 CARR RIGGS & INGRAM LLC 4004 SUMMIT BLVD NE SUITE 800 ATLANTA GA 30319 990 2023-07-01 580634853 GEORGIA TECH ALUMNI ASSOCIATION GEOR 4048942391 190 NORTH AVE ATLANTA GA 30313 ALLISON HICKMAN CFO 4048942391 2024-11-14 1 0 PAMELA D HARDISTER CPA P00240127 7703948000 2024-11-14 2023 2024-10-15 13:58:12Z DENE SHEHEANE 190 NORTH AVE ATLANTA GA 30313 7957090 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 45 56 800 340094 0 6275551 6688406 543740 335513 24568 106162 604381 497455 7448240 7627536 50226 52300 0 0 4324994 4692083 0 0 0 3170270 3172205 7545490 7916588 -97250 -289052 3645412 3326418 1221030 1134438 2424382 2191980 X CHAMPION AND SERVE ITS ALUMNI AND THE INSTITUTE THROUGH PROGRAMMING AND ENGAGEMENT THAT FOSTERS LIFELONG RELATIONSHIPS AND PHILANTHROPIC SUPPORT. 0 0 1851464 100 13666 ROLL CALL: 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 24,000 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. 1472270 75 233162 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. 765719 COMMUNICATIONS: COMMUNICATIONS PRODUCES ALUMNI PUBLICATIONS THAT INCLUDE THE ALUMNI MAGAZINE WITH A TOTAL ANNUAL CIRCULATION OF 370,500 AND AN ELECTRONIC NEWSLETTER WITH CIRCULATION OF 3,400,000. 3538990 52125 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: INFORMS ALL ALUMNI OF CAMPUS NEWS, ALUMNI EVENTS AND WAYS TO GET INVOLVED ON GTALUMNI.ORG, THE ALUMNI ASSOCIATION'S WEBSITE AND ALL SOCIAL MEDIA. DRIVES AFFINITY AND PARTICIPATION BY GENERATING ONLINE AND IN-PERSON CONVERSATIONS WITH ALUMNI. 3538990 52125 7628443 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 1 0 0 0 0 0 0 0 0 1 27 0 56 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 45 45 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 PAST CHAIR 1.00 X X 0 0 0 RITA BREEN VICE CHAIR 1.00 X X 0 0 0 ELIZABETH A BULAT CHAIR 1.00 X X 0 0 0 THOMAS N HERRINGTON CHAIR ELECT 1.00 X X 0 0 0 JASON A BYARS MEMBER AT LARGE 1.00 X 0 0 0 ANU PARVATIYAR MEMBER AT LARGE 1.00 X 0 0 0 AMY HUNTER RICH MEMBER AT LARGE 1.00 X 0 0 0 JIM SANDERS 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 THOMAS ANTONINO TRUSTEE 1.00 X 0 0 0 SYBRINA Y ATWATERS TRUSTEE 1.00 X 0 0 0 DONNIE O BEAMER TRUSTEE 1.00 X 0 0 0 MICHAEL E BOGACHEK TRUSTEE 1.00 X 0 0 0 ALEXIA BORDEN TRUSTEE 1.00 X 0 0 0 JASMINE BURTON TRUSTEE 1.00 X 0 0 0 JACKY CHENG TRUSTEE 1.00 X 0 0 0 CATHERINE COOPER TRUSTEE 1.00 X 0 0 0 AURELIEN COTTET TRUSTEE 1.00 X 0 0 0 CYNTHIA CULBREATH 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 L 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 JOY F JORDAN TRUSTEE 1.00 X 0 0 0 OLIVIA LANGEVINE TRUSTEE 1.00 X 0 0 0 MEGHAN LARUE 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 KYLE PORTER 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 GREGORY SITKIEWICZ 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 MIYA SMITH TRUSTEE 1.00 X 0 0 0 RUSSELL 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 DENE SHEHEANE PRESIDENT 40.00 X X 296756 0 23861 ALLISON HICKMAN VP ADMIN 40.00 X 170456 0 28016 KIMBERLY BOWDEN VP ANNUAL GIVING 40.00 X 158172 0 21037 LEN CONTARDO SR DIR OF HUMAN RESOURCES 40.00 X 160610 0 13720 VALLEE DONOVAN CHIEF OF STAFF 40.00 X 166640 0 14202 JANET KINARD VP OF ENGAGEMENT 40.00 X 139000 0 11769 LINDSAY VAUGHN VP STRATEGIC COMMUNICATION 40.00 X 152450 0 13067 1244084 0 125672 10 0 1 0 0 231383 6457023 64500 6688406 EVENTS 561300 233162 233162 ADVERTISING 541800 88685 88685 SPONSORSHIP INCOME 900099 13666 13666 335513 27410 27410 259020 259020 132201 53449 78752 78752 78752 245217 231383 274261 -29044 -29044 8168 1844 6324 6324 TOUR REVENUE 561500 245085 245085 OTHER INCOME 900099 16070 16070 261155 7627536 246828 340094 352208 52300 52300 467212 449794 17418 3236726 3116063 120663 267889 259097 8792 430425 415699 14726 289831 280319 9512 25629 25629 12726 12726 157396 151802 5594 114396 113569 827 232128 212293 19835 201688 181519 20169 285631 274362 11269 4242 3818 424 64089 57680 6409 READERSHIP COSTS 765719 765719 FOOD AND BEVERAGE 523409 522096 1313 PRINTING AND PUBLICATIO 421260 413255 8005 RENTALS, REPAIRS AND MA 187375 185136 2239 176517 173922 2595 7916588 7628443 288145 0 1270581 768723 324182 196307 2867 20114 66969 223626 890544 549656 227247 340888 746917 834495 994149 929765 12500 12500 3645412 3326418 1016235 927522 123996 111032 55702 40701 25097 55183 1221030 1134438 X 1064432 778482 1359950 1413498 2424382 2191980 3645412 3326418 -289052 56650 0 X 0 1 X 1 0 X 5865539 6918666 5980989 6275551 6688406 31729151 5865539 6918666 5980989 6275551 6688406 31729151 383013 31346138 276239 264138 232060 283617 286430 1342484 175191 107002 203206 278185 340094 1103678 13994 -1441 40446 16070 69069 34244382 2618485 0.91540 0.91420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1359950 102089 48541 1413498 1393801 11375 45226 1359950 1381913 17148 36214 41474 1393801 1067901 314012 1381913 1.00000 0 0 165397 89169 76228 259681 213358 46323 465466 247129 218337 340888 HEDGE FUNDS AND DERIVATIVES 453415 F PRIVATE EQUITIES 476350 F 929765 OTHER LIABILITIES 55183 55183 X 7947565 56650 276105 332755 7614810 12726 12726 7627536 8179967 276105 276105 7903862 12726 12726 7916588 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, 2024 AND 2023, 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 274,261. COST OF GOODS SOLD 1,844. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 274,261. COST OF GOODS SOLD 1,844. GOLD & WHITE HONORS 476600 231383 245217 155333 118928 476600 231383 245217 155333 118928 274261 -29044 1 SCHOLARSHIPS 5 52300 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 296756 0 0 0 0 0 22990 0 871 0 320617 0 0 0 ALLISON HICKMAN VP ADMIN 170456 0 0 0 0 0 13964 0 14052 0 198472 0 0 0 VALLEE DONOVAN CHIEF OF STAFF 166640 0 0 0 0 0 13331 0 871 0 180842 0 0 0 KIMBERLY BOWDEN VP ANNUAL GIVING 158172 0 0 0 0 0 12770 0 8267 0 179209 0 0 0 LEN CONTARDO SR DIR OF HUMAN RESOURCES 160610 0 0 0 0 0 12849 0 871 0 174330 0 0 0 LINDSAY VAUGHN VP STRATEGIC COMMUNICATION 152450 0 0 0 0 0 12196 0 871 0 165517 0 0 0 JANET KINARD VP OF ENGAGEMENT 139000 0 0 0 0 0 11120 0 649 0 150769 0 0 0 SCHEDULE J, PART II DENE SHEHEANE, PRESIDENT OF THE ASSOCIATION, EARNED $296,756 IN SALARY, $22,990 IN DEFERRED BENEFITS, AND $871 IN MEDICAL BENEFITS. X 1 64500 FAIR MARKET VALUE 1 0 0 0 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, SCHEDULE A, PAGE 4, PART IX, COLUMN A CIRCULATION INCOME: ALLOCATION OF MEMBERSHIPS RECEIPTS PURSUANT TO REGULATION 1.512(9)-1(4)(III): MEMBERSHIP RECEIPTS: $5,773,900 ALLOCATION PERCENTAGE: TOTAL PERIODICAL COSTS/ALL COSTS= $765,719 / $8,179,966 = 9.36% TOTAL CIRCULATION INCOME= $540,489