Form 990 for tax year 2022
Filed by GEORGIA TECH APPLIED RESEARCH CORPORATION.
Totals
- Total revenue
- $832,626,634
- Total expenses
- $823,570,080
- Contributions and grants received
- $0
- Grants paid
- $4,567,516
- Program service revenue
- $824,271,411
- Investment income
- $1,605,066
- Other revenue
- $6,750,157
- Total assets, end of year
- $355,628,608
- Total liabilities, end of year
- $275,518,602
- Net assets or fund balances, end of year
- $80,110,006
- Program services expenses (Part IX)
- $819,121,859
- Management and general expenses
- $4,448,221
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $819,121,859
Program services were 99.5% 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.
-
2a · Program service revenue: RESEARCH CONTRACTS
total $824,271,411 · related or exempt $824,271,411
-
3 · Investment income
total $1,605,066 · excluded $1,605,066
-
6a · Gross rents
real property $9,473,608
-
6b · Less rental expenses
real property $2,725,115
-
6c · Rental income or loss
real property $6,748,493
-
6d · Net rental income or loss
total $6,748,493 · excluded $6,748,493
-
11d · All other revenue
total $1,664 · related or exempt $1,664
-
11e · Other revenue, total
$1,664
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,567,516 · program services $4,567,516
-
11b · Fees: legal
total $5,288 · management and general $5,288
-
11c · Fees: accounting
total $261,715 · management and general $261,715
-
11g · Fees: other
total $808,015,027 · program services $807,802,688 · management and general $212,339
-
13 · Office expenses
total $735,552 · management and general $735,552
-
14 · Information technology
total $331,231 · management and general $331,231
-
17 · Travel
total $52,146 · management and general $52,146
-
19 · Conferences, conventions and meetings
total $23,541 · management and general $23,541
-
22 · Depreciation, depletion and amortization
total $6,751,655 · program services $6,751,655
-
23 · Insurance
total $583,243 · management and general $583,243
-
24a · Other expenses: SHARED EMPLOYEE EXPENSE
total $2,107,575 · management and general $2,107,575
-
24b · Other expenses: PROF. DEVELOPMENT
total $7,800 · management and general $7,800
-
24e · All other expenses
total $127,791 · management and general $127,791
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $78,420,307 · end of year $106,119,423
-
4 · Accounts receivable
beginning of year $149,673,806 · end of year $150,398,736
-
9 · Prepaid expenses and deferred charges
beginning of year $1,074,749 · end of year $1,210,957
-
10a · Land, buildings and equipment: cost or other basis
$79,003
-
10b · Land, buildings and equipment: accumulated depreciation
$27,914
-
10c · Land, buildings and equipment, net
beginning of year $54,249 · end of year $51,089
-
15 · Other assets
beginning of year $85,501,660 · end of year $97,848,403
-
17 · Accounts payable and accrued expenses
beginning of year $82,888,168 · end of year $71,852,563
-
19 · Deferred revenue
beginning of year $7,546,968 · end of year $7,705,233
-
21 · Escrow or custodial account liability
beginning of year $67,117,376 · end of year $101,978,960
-
25 · Other liabilities
beginning of year $86,118,807 · end of year $93,981,846
-
27 · Net assets without donor restrictions
beginning of year $71,053,452 · end of year $80,110,006
Mission and programs · 2022
Mission
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.
Activities or mission (Part I)
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.
-
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.
Expenses $819,121,859 · Grants $4,567,516 · Revenue $824,273,075
As filed on the 2022 return.
Listed in Part VII
-
CHAOUKI T ABDALLAH
PRESIDENT, TRUSTEE
- Total calculated
- $506,911
- From this org
- $417,734
- From related orgs
- $0
- Other
- $89,177
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $417,734
- Bonus
- $0
- Other
- $0
- Deferred
- $59,704
- Nontaxable benefits
- $29,473
- Filer's total
- $506,911
-
KELLY FOX
TRUSTEE
- Total calculated
- $426,432
- From this org
- $379,885
- From related orgs
- $0
- Other
- $46,547
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $379,885
- Bonus
- $0
- Other
- $0
- Deferred
- $26,694
- Nontaxable benefits
- $19,853
- Filer's total
- $426,432
-
TROY LITTLES
TRUSTEE
- Total calculated
- $323,916
- From this org
- $294,224
- From related orgs
- $0
- Other
- $29,692
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $294,224
- Bonus
- $0
- Other
- $0
- Deferred
- $26,862
- Nontaxable benefits
- $2,830
- Filer's total
- $323,916
-
ROBIN BIENFAIT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
SCOTT FOUSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
SCOTT FRANK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
PATRICK KELLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
KENNETH MASSARONI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
LING-LING NIE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
LESLIE SIBERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
REBECCA E WEIRICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
EARL C WYATT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
ROBERT FOY
INTERIM GENERAL MANAGER
- Total calculated
- $277,907
- From this org
- $215,025
- From related orgs
- $0
- Other
- $62,882
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $215,025
- Bonus
- $0
- Other
- $0
- Deferred
- $36,614
- Nontaxable benefits
- $26,268
- Filer's total
- $277,907
-
JAMES HUDGENS
SECRETARY
- Total calculated
- $592,285
- From this org
- $534,313
- From related orgs
- $0
- Other
- $57,972
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $534,313
- Bonus
- $0
- Other
- $0
- Deferred
- $28,182
- Nontaxable benefits
- $29,790
- Filer's total
- $592,285
-
ALBERT CONCORD
FACILITY SECURITY OFFICER
- Total calculated
- $240,680
- From this org
- $199,271
- From related orgs
- $0
- Other
- $41,409
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $199,271
- Bonus
- $0
- Other
- $0
- Deferred
- $39,284
- Nontaxable benefits
- $2,125
- Filer's total
- $240,680
-
CYNTHIA HOPE
VICE PRESIDENT & ASST SEC
- Total calculated
- $281,176
- From this org
- $248,362
- From related orgs
- $0
- Other
- $32,814
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $248,362
- Bonus
- $0
- Other
- $0
- Deferred
- $22,969
- Nontaxable benefits
- $9,845
- Filer's total
- $281,176
-
KIM TOATLEY
TREASURER
- Total calculated
- $312,286
- From this org
- $253,419
- From related orgs
- $0
- Other
- $58,867
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $253,419
- Bonus
- $0
- Other
- $0
- Deferred
- $50,199
- Nontaxable benefits
- $8,668
- Filer's total
- $312,286
-
NEIL VITRO
ASST SEC & ASST TREASURER
- Total calculated
- $228,954
- From this org
- $167,957
- From related orgs
- $0
- Other
- $60,997
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $167,957
- Bonus
- $0
- Other
- $0
- Deferred
- $34,569
- Nontaxable benefits
- $26,428
- Filer's total
- $228,954
-
BRUCE HENRY
ASST SEC & ASST TREASURER
- Total calculated
- $193,560
- From this org
- $134,009
- From related orgs
- $0
- Other
- $59,551
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $134,009
- Bonus
- $0
- Other
- $0
- Deferred
- $28,600
- Nontaxable benefits
- $30,951
- Filer's total
- $193,560
-
JAMES FORTNER
ASST SEC & ASST TREASURER
- Total calculated
- $370,657
- From this org
- $284,882
- From related orgs
- $0
- Other
- $85,775
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $284,882
- Bonus
- $0
- Other
- $0
- Deferred
- $57,960
- Nontaxable benefits
- $27,815
- Filer's total
- $370,657
-
KEVIN WOZNIAK
ASSISTANT SECRETARY
- Total calculated
- $249,448
- From this org
- $202,571
- From related orgs
- $0
- Other
- $46,877
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $202,571
- Bonus
- $0
- Other
- $0
- Deferred
- $18,069
- Nontaxable benefits
- $28,808
- Filer's total
- $249,448
-
DANA SIMPSON
ASSISTANT SECRETARY UNTIL NOV '22
- Total calculated
- $206,780
- From this org
- $154,141
- From related orgs
- $0
- Other
- $52,639
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $154,141
- Bonus
- $0
- Other
- $0
- Deferred
- $30,898
- Nontaxable benefits
- $21,741
- Filer's total
- $206,780
-
TANESHA STEWARD
ASSISTANT SECRETARY
- Total calculated
- $172,601
- From this org
- $130,292
- From related orgs
- $0
- Other
- $42,309
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $130,292
- Bonus
- $0
- Other
- $0
- Deferred
- $26,476
- Nontaxable benefits
- $15,833
- Filer's total
- $172,601
-
SOPHIA HERBERT-PETERSON
ASSISTANT SECRETARY
- Total calculated
- $250,517
- From this org
- $205,189
- From related orgs
- $0
- Other
- $45,328
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $205,189
- Bonus
- $0
- Other
- $0
- Deferred
- $18,827
- Nontaxable benefits
- $26,501
- Filer's total
- $250,517
-
ROMY SMITH
ASSISTANT SECRETARY
- Total calculated
- $264,675
- From this org
- $206,905
- From related orgs
- $0
- Other
- $57,770
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $206,905
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $57,770
- Filer's total
- $264,675
-
ROBERTA BURKE
ASSISTANT SECRETARY
- Total calculated
- $226,522
- From this org
- $205,738
- From related orgs
- $0
- Other
- $20,784
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $205,738
- Bonus
- $0
- Other
- $0
- Deferred
- $18,827
- Nontaxable benefits
- $1,957
- Filer's total
- $226,522
-
STEPHEN CROSS
FORMER PRESIDENT
- Total calculated
- $158,423
- From this org
- $158,423
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $158,423
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $158,423
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
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
-
GEORGIA INSTITUTE OF TECHNOLOGY
$3,428,824
STRATEGIC RESEARCH SUPPORT
-
GEORGIA INSTITUTE OF TECHNOLOGY
$1,138,692
RESEARCH PROGRAM SUPPORT
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 TECH RESEARCH CORPORATION
501(C)(3) · SPONSORED RESEARCH FOR GEORGIA INSTITUTE OF TECHNOLOGY · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GEORGIA INSTITUTE OF TECHNOLOGY
170(C)(1) · EDUCATION AND RESEARCH · GA
Directly controlled by BOARD OF REGENTS OF THE USG
-
501(C)(3) · FINANCING & CONSTRUCTING BUILDINGS FOR GEORGIA INSTITUTE OF TECHNOLOGY · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GLOBAL CENTER FOR MEDICAL INNOVATION INC
501(C)(3) · RESEARCH · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · CHILD CARE · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
501(C)(3) · COMMUNICATION SERVICES · GA
Directly controlled by GEORGIA INSTITUTE OF TECHNOLOGY
-
GEORGIA TECH ATHLETIC ASSOCIATION
501(C)(3) · ATHLETICS · 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
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411349349303506
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