Form 990 for tax year 2024
Filed by GLOBAL CENTER FOR MEDICAL INNOVATION INC.
Totals
- Total revenue
- $2,863,442
- Total expenses
- $1,633,207
- Contributions and grants received
- $2,827,946
- Grants paid
- $0
- Program service revenue
- $466,725
- Investment income
- -$431,229
- Other revenue
- $0
- Total assets, end of year
- $154,607
- Total liabilities, end of year
- $398,585
- Net assets or fund balances, end of year
- -$243,978
- Program services expenses (Part IX)
- $1,366,371
- Management and general expenses
- $266,836
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,366,371
Program services were 83.7% 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.
-
1e · Government grants (contributions)
$2,823,100
-
1f · All other contributions, gifts and grants
$4,846
-
2a · Program service revenue: MED DEVICE PROTOTYPE DEV'T
total $466,725 · related or exempt $466,725
-
3 · Investment income
total $3,648 · excluded $3,648
-
7b · Less cost or other basis and sales expenses
other assets $434,877
-
7c · Gain or loss
other assets -$434,877
-
7d · Net gain or loss
total -$434,877 · related or exempt -$434,877
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $408,955 · program services $310,347 · management and general $98,608
-
9 · Other employee benefits
total $126,466 · program services $94,948 · management and general $31,518
-
11b · Fees: legal
total $11,152 · management and general $11,152
-
11g · Fees: other
total $404,613 · program services $385,613 · management and general $19,000
-
12 · Advertising and promotion
total $24,280 · management and general $24,280
-
13 · Office expenses
total $7,204 · program services $543 · management and general $6,661
-
14 · Information technology
total $22,544 · management and general $22,544
-
16 · Occupancy
total $154,572 · program services $136,226 · management and general $18,346
-
17 · Travel
total $4,724 · management and general $4,724
-
20 · Interest
total $1,855 · management and general $1,855
-
22 · Depreciation, depletion and amortization
total $89,426 · program services $68,771 · management and general $20,655
-
23 · Insurance
total $53,554 · program services $47,198 · management and general $6,356
-
24a · Other expenses: OTHER ADMINISTRATIVE
total $144,736 · program services $144,736
-
24b · Other expenses: CONTRACT LABOR
total $88,711 · program services $88,711
-
24c · Other expenses: BAD DEBT EXPENSE
total $85,917 · program services $85,917
-
24d · Other expenses: MATERIALS & SUPPLIES
total $3,373 · program services $3,361 · management and general $12
-
24e · All other expenses
total $1,125 · management and general $1,125
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $203,633 · end of year $52,730
-
4 · Accounts receivable
beginning of year $482,216 · end of year $29,450
-
9 · Prepaid expenses and deferred charges
beginning of year $17,558
-
10c · Land, buildings and equipment, net
beginning of year $524,303
-
15 · Other assets
beginning of year $1,209,268 · end of year $72,427
-
17 · Accounts payable and accrued expenses
beginning of year $2,329,623 · end of year $5,785
-
19 · Deferred revenue
beginning of year $36,332
-
25 · Other liabilities
beginning of year $1,834,914 · end of year $392,800
-
27 · Net assets without donor restrictions
beginning of year -$1,763,891 · end of year -$243,978
Mission and programs · 2024
Mission
TO FACILITATE, PROMOTE, STRUCTURE, AND COORDINATE COLLABORATIVE SCIENTIFIC RESEACH AND DEVELOPMENT OF INTELLECTUAL PROPERTY FOCUSING ON PUBLIC HEALTH NEEDS.
-
THE ORGANIZATION PROVIDES COMPREHENSIVE DESIGN, MATERIAL, AND MECHANICAL ENGINEERING RESOURCES FROM THE ORGANIZATION'S MEDICAL DEVICE PROTOTYPING DESIGN AND DEVELOPMENT CENTER.
Expenses $1,366,371 · Revenue $466,725
As filed on the 2024 return.
Listed in Part VII
-
Chaouki AbdallahCHAOUKI ABDALLAH
DIRECTOR
- Total calculated
- $471,736
- From this org
- $0
- From related orgs
- $401,368
- Other
- $70,368
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $393,268 related
- Bonus
- not reported
- Other
- not reported + $8,100 related
- Deferred
- not reported + $44,647 related
- Nontaxable benefits
- not reported + $25,721 related
- Filer's total
- not reported + $471,736 related
-
Andres J GarciaANDRES J GARCIA
DIRECTOR
- Total calculated
- $439,492
- From this org
- $0
- From related orgs
- $380,437
- Other
- $59,055
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $380,417 related
- Bonus
- not reported
- Other
- not reported + $20 related
- Deferred
- not reported + $31,878 related
- Nontaxable benefits
- not reported + $27,177 related
- Filer's total
- not reported + $439,492 related
-
Timothy LieuwenTIMOTHY LIEUWEN
DIRECTOR
- Total calculated
- $430,347
- From this org
- $0
- From related orgs
- $363,595
- Other
- $66,752
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $363,595 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $31,878 related
- Nontaxable benefits
- not reported + $34,874 related
- Filer's total
- not reported + $430,347 related
-
Alyssa PanitchALYSSA PANITCH
DIRECTOR
- Total calculated
- $293,890
- From this org
- $0
- From related orgs
- $246,362
- Other
- $47,528
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $246,362 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $23,770 related
- Nontaxable benefits
- not reported + $23,758 related
- Filer's total
- not reported + $293,890 related
-
Robert FoyROBERT FOY
TREASURER
- Total calculated
- $285,524
- From this org
- $0
- From related orgs
- $216,899
- Other
- $68,625
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- not reported + $216,899 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $45,828 related
- Nontaxable benefits
- not reported + $22,797 related
- Filer's total
- not reported + $285,524 related
-
Saylan LukasSAYLAN LUKAS
INTERIM CEO
- Total calculated
- $247,956
- From this org
- $0
- From related orgs
- $198,631
- Other
- $49,325
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $181,495 related
- Bonus
- not reported
- Other
- not reported + $17,136 related
- Deferred
- not reported + $19,170 related
- Nontaxable benefits
- not reported + $30,155 related
- Filer's total
- not reported + $247,956 related
-
Roger MasonROGER MASON
ASST. TREASU
- Total calculated
- $196,363
- From this org
- $0
- From related orgs
- $150,628
- Other
- $45,735
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $150,030 related
- Bonus
- not reported
- Other
- not reported + $598 related
- Deferred
- not reported + $31,998 related
- Nontaxable benefits
- not reported + $13,737 related
- Filer's total
- not reported + $196,363 related
-
Cynthia MartinCYNTHIA MARTIN
ASST. TREASU
- Total calculated
- $192,749
- From this org
- $0
- From related orgs
- $143,724
- Other
- $49,025
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- not reported + $143,724 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $30,680 related
- Nontaxable benefits
- not reported + $18,345 related
- Filer's total
- not reported + $192,749 related
-
Tanesha StewardTANESHA STEWARD
SECRETARY
- Total calculated
- $181,935
- From this org
- $0
- From related orgs
- $131,717
- Other
- $50,218
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $131,148 related
- Bonus
- not reported
- Other
- not reported + $569 related
- Deferred
- not reported + $26,581 related
- Nontaxable benefits
- not reported + $23,637 related
- Filer's total
- not reported + $181,935 related
-
Shannon McGheeSHANNON MCGHEE
EXECUTIVE DI
- Total calculated
- $60,124
- From this org
- $0
- From related orgs
- $46,929
- Other
- $13,195
- Hours/week
- 1 + 39 related
-
Ashley CornelisonASHLEY CORNELISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob CrutchfieldBOB CRUTCHFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David HartnettDAVID HARTNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth A KrupinskELIZABETH A KRUPINSK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wilbur A LamWILBUR A LAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Russ MedfordRUSS MEDFORD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
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
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 · EDUCATION · GA
Directly controlled by UNIVERSITY
-
GEORGIA TECH RESEARCH FOUNDATION
501C3 · RESEARCH · GA
Directly controlled by GIT
-
501C3 · REAL ESTAT · GA
Directly controlled by GIT
-
501C3 · COMMUNICAT · GA
Directly controlled by GIT
-
GEORGIA TECH ATHLETIC ASSOCIATION
501C3 · ATHLETICS · GA
Directly controlled by GIT
-
501C3 · CHILD CARE · GA
Directly controlled by GIT
-
GEORGIA TECH APPLIED RESEARCH CORP
501C3 · RESEARCH · GA
Directly controlled by GIT
-
GA ADVANCED TECHNOLOGY VENTURES INC
501C3 · ECO. DEVE · GA
Directly controlled by GIT
-
GEORGIA TECH GLOBAL INC
501C3 · GLOBAL SUP · GA
-
TRANSLATIONAL TESTING AND TRAINING
501C3 · RESEARCH · GA · controlled entity
Directly controlled by THE GLOBAL
-
GEORGIA TECH PANAMA FOUNDATION
501C3 · GLOBAL SUP · PM · controlled entity
Directly controlled by GT GLOBAL
-
SHENZHEN GA INST OF TECH FDN FOR ED
501C3 · GLOBAL SUP · CH
Directly controlled by GIT
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
No recipient named
$1
Disposition · MOVEABLE EQUIPMENT · Apr 1, 2025
-
No recipient named
$434,877
Disposition · LEASEHOLD IMPROVEMENTS · Apr 1, 2025
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533539349300333
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