Form 990 for tax year 2024
Filed by GEORGIA TECH ATHLETIC ASSOCIATION.
Totals
- Total revenue
- $200,155,242
- Total expenses
- $170,509,132
- Contributions and grants received
- $93,111,058
- Grants paid
- $15,229,940
- Program service revenue
- $94,281,725
- Investment income
- $8,443,452
- Other revenue
- $4,319,007
- Total assets, end of year
- $487,218,809
- Total liabilities, end of year
- $352,462,845
- Net assets or fund balances, end of year
- $134,755,964
- Program services expenses (Part IX)
- $150,056,111
- Management and general expenses
- $16,553,882
- Fundraising expenses
- $3,899,139
- Program service expenses (Part III)
- $150,056,111
Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$9,181,989
-
1f · All other contributions, gifts and grants
$83,929,069
-
2a · Program service revenue: ACC DISTRIBUTIONS
total $49,384,735 · related or exempt $49,384,735
-
2b · Program service revenue: TICKET SALES
total $16,188,049 · related or exempt $16,188,049
-
2c · Program service revenue: PREMIUM LEASE FEES
total $9,674,769 · related or exempt $9,674,769
-
2d · Program service revenue: STUDENT ATHLETIC FEES
total $6,947,958 · related or exempt $6,947,958
-
2e · Program service revenue: SPONSORSHIPS
total $5,450,585 · related or exempt $5,450,585
-
2f · All other program service revenue
total $6,635,629 · related or exempt $6,635,629
-
3 · Investment income
total $8,443,452 · excluded $8,443,452
-
5 · Royalties
total $246,934 · excluded $246,934
-
6a · Gross rents
real property $1,769,452
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $1,769,452
-
6d · Net rental income or loss
total $1,769,452 · excluded $1,769,452
-
11a · Other revenue: BUYOUTS
total $2,002,381 · related or exempt $2,002,381
-
11b · Other revenue: OTHER REVENUE
total $262,876 · excluded $262,876
-
11c · Other revenue: REBATES
total $37,364 · excluded $37,364
-
11e · Other revenue, total
$2,302,621
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,229,940 · program services $15,229,940
-
5 · Compensation of officers, directors and key employees
total $1,078,434 · program services $215,687 · management and general $647,060 · fundraising $215,687
-
7 · Other salaries and wages
total $37,652,036 · program services $30,813,570 · management and general $6,822,854 · fundraising $15,612
-
8 · Pension plan contributions
total $4,523,954 · program services $3,971,049 · management and general $523,725 · fundraising $29,180
-
9 · Other employee benefits
total $634,647 · program services $630,267 · fundraising $4,380
-
10 · Payroll taxes
total $2,962,880 · program services $2,373,738 · management and general $571,448 · fundraising $17,694
-
11b · Fees: legal
total $276,156 · management and general $276,156
-
11c · Fees: accounting
total $141,131 · management and general $141,131
-
13 · Office expenses
total $875,371 · program services $704,083 · management and general $167,671 · fundraising $3,617
-
14 · Information technology
total $232,812 · program services $88,197 · management and general $144,615
-
16 · Occupancy
total $8,708,111 · program services $8,059,071 · management and general $649,040
-
17 · Travel
total $9,663,167 · program services $9,543,004 · management and general $120,163
-
19 · Conferences, conventions and meetings
total $4,138,205 · program services $175,311 · management and general $3,962,894
-
20 · Interest
total $11,954,474 · program services $11,954,474
-
22 · Depreciation, depletion and amortization
total $12,903,250 · program services $12,903,250
-
23 · Insurance
total $1,887,251 · program services $968,702 · management and general $918,549
-
24a · Other expenses: ATHLETIC ACTIVITIES
total $35,328,237 · program services $35,328,237
-
24b · Other expenses: EVENTS
total $8,666,491 · program services $8,666,491
-
24c · Other expenses: FUNDRAISING EXPENSES
total $3,610,464 · fundraising $3,610,464
-
24d · Other expenses: RECRUITING
total $2,930,441 · program services $2,930,441
-
24e · All other expenses
total $7,111,680 · program services $5,500,599 · management and general $1,608,576 · fundraising $2,505
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $141,149 · end of year $1,344,223
-
2 · Savings and temporary cash investments
beginning of year $8,245,703 · end of year $21,364,711
-
3 · Pledges and grants receivable
beginning of year $43,459,306 · end of year $67,523,161
-
4 · Accounts receivable
beginning of year $20,391,867 · end of year $19,371,478
-
9 · Prepaid expenses and deferred charges
beginning of year $1,080,666 · end of year $913,232
-
10a · Land, buildings and equipment: cost or other basis
$348,259,396
-
10b · Land, buildings and equipment: accumulated depreciation
$151,692,094
-
10c · Land, buildings and equipment, net
beginning of year $178,857,663 · end of year $196,567,302
-
11 · Investments: publicly traded securities
beginning of year $191,079,215 · end of year $173,181,953
-
12 · Investments: other securities
beginning of year $1,983,723
-
14 · Intangible assets
end of year $1,395,105
-
15 · Other assets
beginning of year $7,192,646 · end of year $5,557,644
-
17 · Accounts payable and accrued expenses
beginning of year $3,457,377 · end of year $6,904,550
-
19 · Deferred revenue
beginning of year $21,411,456 · end of year $29,392,872
-
20 · Tax-exempt bond liabilities
beginning of year $66,125,000 · end of year $66,125,000
-
23 · Secured mortgages and notes payable
beginning of year $6,199,033 · end of year $4,955,000
-
24 · Unsecured notes and loans payable
beginning of year $22,451,338 · end of year $10,112,642
-
25 · Other liabilities
beginning of year $231,556,435 · end of year $234,972,781
-
27 · Net assets without donor restrictions
beginning of year -$62,005,700 · end of year -$46,860,717
-
28 · Net assets with donor restrictions
beginning of year $163,236,999 · end of year $181,616,681
Mission and programs · 2024
Mission
THE PRIMARY PURPOSE OF THE ASSOCIATION IS TO PROMOTE THE EDUCATIONAL PROGRAMS OF GEORGIA TECH THROUGH STUDENT BODY PARTICIPATION IN "HEALTHFUL EXERCISES, RECREATIONS, ATHLETIC GAMES AND CONTESTS". THE ASSOCIATION "DEVELOPS THE YOUNG PEOPLE WHO WILL CHANGE THE WORLD". ITS MISSION IS TO "INSPIRE AND EMPOWER STUDENT-ATHLETES TO BE CHAMPIONS IN ACADEMICS, COMPETITION, AND LIFE" WHILE EMPHASIZING FOUR CORE VALUES EXCELLENCE, INNOVATION, TEAMWORK, AND CHARACTER.
Activities or mission (Part I)
GEORGIA TECH ATHLETIC ASSOCIATION, INC. FORMS THE FRONT PORCH OF THE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) AND SERVES AS A GATHERING PLACE FOR STUDENTS, ALUMNI, FANS AND FRIENDS. WE PROVIDE OUR STUDENT-ATHLETES WITH THE OPPORTUNITY FOR ACADEMIC AND ATHLETIC SUCCESS AND PERSONAL GROWTH. WE PROMOTE DIVERSITY AND EQUITY. THE INTEGRITY OF OUR MISSION IS ENHANCED BY OUR COMMITMENT TO ADHERENCE TO THE RULES OF THE INSTITUTE, THE ATLANTIC COAST CONFERENCE AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. THIS ENVIRONMENT WE CREATE ALLOWS OUR STUDENT-ATHLETES TO COMPETE AT THE HIGHEST LEVELS, AND CREATES ENJOYMENT FOR OUR SUPPORTERS. WE EMBRACE OUR PROUD TRADITIONS AND STRIVE TO ENHANCE THE FUTURE OPPORTUNITIES FOR OUR STUDENT-ATHLETES, COACHES, AND STAFF.
-
SPORT SPECIFIC ATHLETIC ACTIVITIES
Expenses $70,656,893 · Revenue $46,899,371
-
DIRECT SUPPORT ACTIVITIES FOR ATHLETIC PROGRAMS INCLUDING FACILITIES MAINTENANCE AND ENHANCEMENTS.
Expenses $64,169,278 · Revenue $49,384,735
-
GRANTS / SCHOLARSHIPS. 449 SCHOLARSHIPS WERE GIVEN DURING THE CURRENT YEAR.
Expenses $15,229,940 · Grants $15,229,940
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ALLIE WALKER
DIRECTOR AS OF 08/2024
- Total calculated
- $0
- Hours/week
- 0.25
-
ANGEL CABRERA
CHAIR
- Total calculated
- $1,275,773
- From this org
- $0
- From related orgs
- $673,714
- Other
- $602,059
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $630,414 related
- Bonus
- $0
- Other
- $0 + $43,300 related
- Deferred
- $0 + $581,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $0 + $1,275,773 related
-
ANUJ MEHROTRA
DIRECTOR AS OF 08/2024
- Total calculated
- $711,248
- From this org
- $0
- From related orgs
- $665,068
- Other
- $46,180
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $639,068 related
- Bonus
- $0
- Other
- $0 + $26,000 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $14,302 related
- Filer's total
- $0 + $711,248 related
-
BERT REEVES
DIRECTOR AS OF 08/2024
- Total calculated
- $331,780
- From this org
- $0
- From related orgs
- $304,193
- Other
- $27,587
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $293,393 related
- Bonus
- $0
- Other
- $0 + $10,800 related
- Deferred
- $0 + $27,391 related
- Nontaxable benefits
- $0 + $196 related
- Filer's total
- $0 + $331,780 related
-
BETSY BULAT
DIRECTOR AS OF 08/2024
- Total calculated
- $0
- Hours/week
- 0.25
-
DANETTE JOSLYN-GAUL
SECRETARY AS OF 8/2024
- Total calculated
- $428,087
- From this org
- $0
- From related orgs
- $376,028
- Other
- $52,059
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $365,228 related
- Bonus
- $0
- Other
- $0 + $10,800 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $0 + $428,087 related
-
DAVID ROWLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
DIMA NAZZAL
DIRECTOR AS OF 08/2024
- Total calculated
- $221,143
- From this org
- $0
- From related orgs
- $192,641
- Other
- $28,502
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $158,523 related
- Bonus
- $0
- Other
- $0 + $34,118 related
- Deferred
- $0 + $15,631 related
- Nontaxable benefits
- $0 + $12,871 related
- Filer's total
- $0 + $221,143 related
-
JACQUELINE GARNER
DIRECTOR
- Total calculated
- $398,813
- From this org
- $0
- From related orgs
- $365,811
- Other
- $33,002
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $229,724 related
- Bonus
- $0
- Other
- $0 + $136,087 related
- Deferred
- $0 + $25,953 related
- Nontaxable benefits
- $0 + $7,049 related
- Filer's total
- $0 + $398,813 related
-
JENNA JORDAN
VICE CHAIR
- Total calculated
- $231,792
- From this org
- $0
- From related orgs
- $180,250
- Other
- $51,542
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $139,932 related
- Bonus
- $0
- Other
- $0 + $40,318 related
- Deferred
- $0 + $30,722 related
- Nontaxable benefits
- $0 + $20,820 related
- Filer's total
- $0 + $231,792 related
-
KIERA TRAN
DIRECTOR AS OF 08/2024
- Total calculated
- $0
- Hours/week
- 0.25
-
LESLIE SHARP
DIRECTOR
- Total calculated
- $333,309
- From this org
- $0
- From related orgs
- $298,217
- Other
- $35,092
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $297,053 related
- Bonus
- $0
- Other
- $0 + $1,164 related
- Deferred
- $0 + $28,043 related
- Nontaxable benefits
- $0 + $7,049 related
- Filer's total
- $0 + $333,309 related
-
MARK TEIXEIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
MARY MCDONALD
FORMER DIRECTOR
- Total calculated
- $212,489
- From this org
- $0
- From related orgs
- $187,675
- Other
- $24,814
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $146,205 related
- Bonus
- $0
- Other
- $0 + $41,470 related
- Deferred
- $0 + $17,765 related
- Nontaxable benefits
- $0 + $7,049 related
- Filer's total
- $0 + $212,489 related
-
MINDY MILLARD-STAFFORD
FORMER DIRECTOR
- Total calculated
- $198,429
- From this org
- $0
- From related orgs
- $174,272
- Other
- $24,157
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $129,272 related
- Bonus
- $0
- Other
- $0 + $45,000 related
- Deferred
- $0 + $16,770 related
- Nontaxable benefits
- $0 + $7,387 related
- Filer's total
- $0 + $198,429 related
-
PINAR KESKINOCAK
DIRECTOR
- Total calculated
- $412,123
- From this org
- $0
- From related orgs
- $370,296
- Other
- $41,827
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $356,288 related
- Bonus
- $0
- Other
- $0 + $14,008 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $9,949 related
- Filer's total
- $0 + $412,123 related
-
RAHEEM BEYAH
DIRECTOR
- Total calculated
- $472,105
- From this org
- $0
- From related orgs
- $427,734
- Other
- $44,371
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $426,046 related
- Bonus
- $0
- Other
- $0 + $1,688 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $12,493 related
- Filer's total
- $0 + $472,105 related
-
RON JOHNSON
DIRECTOR AS OF 08/2024
- Total calculated
- $340,035
- From this org
- $0
- From related orgs
- $276,464
- Other
- $63,571
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $270,164 related
- Bonus
- $0
- Other
- $0 + $6,300 related
- Deferred
- $0 + $56,522 related
- Nontaxable benefits
- $0 + $7,049 related
- Filer's total
- $0 + $340,035 related
-
SHANTAY BOLTON
TREASURER
- Total calculated
- $552,844
- From this org
- $0
- From related orgs
- $500,785
- Other
- $52,059
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $489,985 related
- Bonus
- $0
- Other
- $0 + $10,800 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $0 + $552,844 related
-
SHIVAN VIRANI
DIRECTOR AS OF 08/2024
- Total calculated
- $0
- Hours/week
- 0.25
-
STEPHEN MCLAUGHLLIN
DIRECTOR
- Total calculated
- $641,764
- From this org
- $0
- From related orgs
- $597,699
- Other
- $44,065
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $512,699 related
- Bonus
- $0
- Other
- $0 + $85,000 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $12,187 related
- Filer's total
- $0 + $641,764 related
-
TIFFANY BURNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
TOM FANNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
TYLER TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
VANCE BELL
DIRECTOR AS OF 08/2024
- Total calculated
- $0
- Hours/week
- 0.25
-
JASON BATT
DIRECTOR OF ATHLETICS
- Total calculated
- $1,064,332
- From this org
- $265,750
- From related orgs
- $746,523
- Other
- $52,059
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $521,523 related
- Bonus
- $0 + $225,000 related
- Other
- $265,750
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $265,750 + $798,582 related
-
DAMON STOUDAMIRE
HEAD FB COACH
- Total calculated
- $1,816,666
- From this org
- $1,816,666
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,816,666
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $1,816,666
-
DONALD KEY
HEAD FB COACH
- Total calculated
- $3,052,375
- From this org
- $2,550,000
- From related orgs
- $450,316
- Other
- $52,059
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $2,550,000 + $334,716 related
- Bonus
- $0 + $100,000 related
- Other
- $0 + $15,600 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $2,550,000 + $502,375 related
-
EDWARD FAULKNER
ASST FB COACH
- Total calculated
- $1,085,446
- From this org
- $0
- From related orgs
- $1,033,387
- Other
- $52,059
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $963,087 related
- Bonus
- $0 + $62,500 related
- Other
- $0 + $7,800 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,181 related
- Filer's total
- $0 + $1,085,446 related
-
NELL FORTNER
HEAD WB COACH UNTIL 03/2025
- Total calculated
- $929,332
- From this org
- $488,670
- From related orgs
- $401,735
- Other
- $38,927
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $488,670 + $351,135 related
- Bonus
- $0 + $35,000 related
- Other
- $0 + $15,600 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $7,049 related
- Filer's total
- $488,670 + $440,662 related
-
FRANK NEVILLE
FORMER DIRECTOR
- Total calculated
- $184,533
- From this org
- $0
- From related orgs
- $163,863
- Other
- $20,670
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $145,913 related
- Bonus
- $0
- Other
- $0 + $17,950 related
- Deferred
- $0 + $13,577 related
- Nontaxable benefits
- $0 + $7,093 related
- Filer's total
- $0 + $184,533 related
-
JONATHAN CLARKE
FORMER SECRETARY
- Total calculated
- $505,825
- From this org
- $0
- From related orgs
- $453,127
- Other
- $52,698
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $386,502 related
- Bonus
- $0
- Other
- $0 + $66,625 related
- Deferred
- $0 + $31,878 related
- Nontaxable benefits
- $0 + $20,820 related
- Filer's total
- $0 + $505,825 related
-
KAYE HUSBANDS FEALING
FORMER DIRECTOR
- Total calculated
- $141,573
- From this org
- $0
- From related orgs
- $111,404
- Other
- $30,169
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $111,404 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,007 related
- Nontaxable benefits
- $0 + $7,162 related
- Filer's total
- $0 + $141,573 related
-
WILLIE BELTON
FORMER DIRECTOR
- Total calculated
- $179,637
- From this org
- $0
- From related orgs
- $157,558
- Other
- $22,079
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $142,558 related
- Bonus
- $0
- Other
- $0 + $15,000 related
- Deferred
- $0 + $14,967 related
- Nontaxable benefits
- $0 + $7,112 related
- Filer's total
- $0 + $179,637 related
-
JAMES FORTNER
FORMER OFFICER
- Total calculated
- $381,705
- From this org
- $0
- From related orgs
- $304,988
- Other
- $76,717
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $294,178 related
- Bonus
- $0
- Other
- $0 + $10,810 related
- Deferred
- $0 + $61,859 related
- Nontaxable benefits
- $0 + $14,858 related
- Filer's total
- $0 + $381,705 related
-
MITCHELL WALKER
FORMER SECRETARY
- Total calculated
- $347,785
- From this org
- $0
- From related orgs
- $298,701
- Other
- $49,084
- Hours/week
- 0.25 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $298,701 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,737 related
- Nontaxable benefits
- $0 + $20,347 related
- Filer's total
- $0 + $347,785 related
-
JOSHUA PASTNER
FORMER HEAD BB COACH
- Total calculated
- $823,352
- From this org
- $823,352
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $823,352
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $823,352
-
WILLIAM COLLINS
FORMER HEAD FB COACH
- Total calculated
- $3,500,000
- From this org
- $3,500,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $3,500,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $3,500,000
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- PRIVATE AIRCRAFT ARE USED PRIMARILY IN THOSE SITUATIONS WHEN THE ORGANIZATION'S DIRECTORS, OFFICERS OR COACHES MUST MAKE FUNDRAISING OR RECRUITING TRIPS TO A LOCATION BEST ACCESSED BY SUCH PLANES OR WHEN THE SCHEDULING OF A FUNDRAISING TRIP PROHIBITS COMMERCIAL TRAVEL. TRAVEL IS PROVIDED FOR COMPANIONS OF ORGANIZATION DIRECTORS OR OFFICERS WHEN A BONA FIDE BUSINESS PURPOSE EXISTS.
- PART I, LINES 4A-B
- GEORGIA TECH ATHLETIC ASSOCIATION, INC. MAKES PAYMENTS FOR LIQUIDATED DAMAGES BASED ON THE TERMINATION OF A CONTRACT. THESE PAYMENTS ARE MADE VIA THE STANDARD INVOICING PROCESS. PAYMENTS IN 2024 WERE FUNDED BY THE ASSOCIATION AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II, COLUMN B: W-2 AND/OR 1099-MISC AND/OR 1099-NEC COMPENSATION. PAYMENTS WERE AS FOLLOWS: WILLIAM COLLINS, FORMER HEAD FB COACH $3,500,000 JOSHUA PASTNER, FORMER HEAD BB COACH $823,352 ONE GEORGIA INSTITUTE OF TECHNOLOGY SENIOR ADMINISTRATOR EITHER CURRENTLY OR PREVIOUSLY SERVED AS A TRUSTEE AND OFFICER OF THE ORGANIZATION AND PARTICIPATED IN NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLANS STRUCTURED UNDER IRC 415(M) AND 457(F) WHILE EMPLOYED BY THE INSTITUTE. CONTRIBUTIONS TO THE PLAN IN 2024 WERE FUNDED BY THE INSTITUTE AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II, COLUMN C: DEFERRED COMPENSATION. CONTRIBUTIONS WERE AS FOLLOWS: ANGEL CABRERA, PRESIDENT OF GIT $514,000
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GEORGIA INSTITUTE OF TECHNOLOGY
115(1) · EDUCATION · GA
Directly controlled by BOARD OF REGENTS OF THE USG
-
GEORGIA TECH RESEARCH CORPORATION
501(C)(3) · SPONSORED RESEARCH · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GEORGIA TECH APPLIED RESEARCH CORPORATION
501(C)(3) · SPONSORED RESEARCH · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GEORGIA ADVANCED TECHNOLOGY VENTURES INC
501(C)(3) · ECONOMIC DEVELOPMENT · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · CONSTRUCTION · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · SUPPORT EDUCATION · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · CHILD CARE · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GEORGIA TECH PANAMA FOUNDATION
501(C)(3) · GLOBAL SUPPORT · PM
Directly controlled by GEORGIA TECH GLOBAL INC
-
SHENZHEN GEORGIA TECH FDN FOR EDUCATION
501(C)(3) · GLOBAL SUPPORT · CH
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · COMMUNCATION SERVICES · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601339349300710
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