Totals
- Total revenue
- $39,978,256
- Total expenses
- $35,530,349
- Contributions and grants received
- $22,907,764
- Grants paid
- $17,801,863
- Program service revenue
- $15,242,369
- Investment income
- $1,828,123
- Other revenue
- $0
- Total assets, end of year
- $394,829,399
- Total liabilities, end of year
- $371,028,409
- Net assets or fund balances, end of year
- $23,800,990
- Program services expenses (Part IX)
- $35,169,965
- Management and general expenses
- $360,384
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,169,965
Program services were 99.0% 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
$22,907,764
-
1f · All other contributions, gifts and grants
$0
-
2a · Program service revenue: MANAGEMENT FEES
total $265,203 · related or exempt $265,203
-
2b · Program service revenue: REIMBURSEMENT OF PROGRAM EXPENSES
total $731,029 · related or exempt $731,029
-
2c · Program service revenue: RENTAL INCOME
total $14,246,137 · related or exempt $14,246,137
-
3 · Investment income
total $886,810 · excluded $886,810
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $941,313
-
7c · Gain or loss
securities $941,313
-
7d · Net gain or loss
total $941,313 · excluded $941,313
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $17,801,863 · program services $17,801,863
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $59,163 · management and general $59,163
-
11c · Fees: accounting
total $54,100 · management and general $54,100
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $21,190 · management and general $21,190
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $193,750 · program services $193,750
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $14,883,183 · program services $14,883,183
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,393,127 · program services $1,393,127
-
23 · Insurance
total $854,916 · program services $830,140 · management and general $24,776
-
24a · Other expenses: REIMBURSED ADMIN COSTS - GA TE
total $201,155 · management and general $201,155
-
24b · Other expenses: BOARD OF REGENTS (BOR) FEES
total $45,913 · program services $45,913
-
24c · Other expenses: TRUSTEE FEES
total $10,989 · program services $10,989
-
24d · Other expenses: RATING AGENCY FEES
total $10,500 · program services $10,500
-
24e · All other expenses
total $500 · program services $500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $34,064,396 · end of year $68,218,125
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,845,967 · end of year $2,620,405
-
10a · Land, buildings and equipment: cost or other basis
$2,760,178
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $2,760,178 · end of year $2,760,178
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $281,698,316 · end of year $268,916,284
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $13,636,961 · end of year $52,314,407
-
17 · Accounts payable and accrued expenses
beginning of year $501,987 · end of year $6,639,905
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $15,519,438 · end of year $15,939,360
-
20 · Tax-exempt bond liabilities
beginning of year $259,075,000 · end of year $296,270,000
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $40,556,310 · end of year $52,179,144
-
27 · Net assets without donor restrictions
beginning of year $19,353,083 · end of year $23,800,990
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE AND SUPPORT THE GEORGIA INSTITUTE OF TECHNOLOGY, AN INSTRUMENTALITY OF THE BOARD OF REGENTS OF THE STATE UNIVERSITY SYSTEM OF GEORGIA AND TO ERECT SUCH SUITABLE BUILDINGS AND OTHER FACILITIES AS MAY BE APPROPRIATE TO THE NEEDS AND GOALS OF THE INSTITUTE. GEORGIA TECH FACILITIES, INC. PROVIDED FINANCING AS APPROPRIATE TO MEET THE NEEDS AND GOALS OF THE GEORGIA INSTITUTE OF TECHNOLOGY.
Activities or mission (Part I)
TO PROMOTE AND SUPPORT THE GEORGIA institute of technology via erecting suitable buildings and other facilities as needed to achieve the goals of the institute.
-
Georgia Tech Facilities, Inc. provided financing and contracting support for the design and construction of buildings and other facilities as appropriate to meet the needs and goals of the Georgia Institute of Technology. Georgia Tech Facilities, Inc. leases these buildings and other facilities to the Georgia Institute of Technology.
Expenses $35,169,965 · Grants $17,801,863 · Revenue $15,242,369
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stephen McLaughlinSTEPHEN MCLAUGHLIN
PROVOST & EXECUTIVE VP
- Total calculated
- $649,830
- From this org
- $0
- From related orgs
- $595,022
- Other
- $54,808
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $510,022 related
- Bonus
- $0
- Other
- $0 + $85,000 related
- Deferred
- $0 + $30,492 related
- Nontaxable benefits
- $0 + $24,316 related
- Filer's total
- $0 + $649,830 related
-
James G FortnerJAMES G FORTNER
VP OF FINANCIAL PLANNING
- Total calculated
- $386,405
- From this org
- $0
- From related orgs
- $303,648
- Other
- $82,757
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $292,848 related
- Bonus
- $0
- Other
- $0 + $10,800 related
- Deferred
- $0 + $60,140 related
- Nontaxable benefits
- $0 + $22,617 related
- Filer's total
- $0 + $386,405 related
-
Thomas J Pierce IIITHOMAS J PIERCE III
TREASURER
- Total calculated
- $283,191
- From this org
- $0
- From related orgs
- $208,703
- Other
- $74,488
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $208,703 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $43,956 related
- Nontaxable benefits
- $0 + $30,532 related
- Filer's total
- $0 + $283,191 related
-
Jennifer BentsonJENNIFER BENTSON
SECRETARY
- Total calculated
- $278,437
- From this org
- $0
- From related orgs
- $215,986
- Other
- $62,451
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $214,939 related
- Bonus
- $0
- Other
- $0 + $1,047 related
- Deferred
- $0 + $44,223 related
- Nontaxable benefits
- $0 + $18,228 related
- Filer's total
- $0 + $278,437 related
-
Tanesha StewardTANESHA STEWARD
EXECUTIVE DIRECTOR
- Total calculated
- $188,298
- From this org
- $0
- From related orgs
- $140,707
- Other
- $47,591
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $140,707 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,334 related
- Nontaxable benefits
- $0 + $18,257 related
- Filer's total
- $0 + $188,298 related
-
Kelly MacArthurKELLY MACARTHUR
FORMER OFFICER
- Total calculated
- $156,079
- From this org
- $0
- From related orgs
- $117,217
- Other
- $38,862
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $116,543 related
- Bonus
- not reported
- Other
- not reported + $674 related
- Deferred
- not reported + $24,674 related
- Nontaxable benefits
- not reported + $14,188 related
- Filer's total
- not reported + $156,079 related
-
Holly SeelHOLLY SEEL
ASST TREASURER
- Total calculated
- $154,232
- From this org
- $0
- From related orgs
- $117,592
- Other
- $36,640
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $0 + $117,592 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,642 related
- Nontaxable benefits
- $0 + $24,998 related
- Filer's total
- $0 + $154,232 related
-
Kaneisha EdwardsKANEISHA EDWARDS
ASST TREASURER
- Total calculated
- $128,667
- From this org
- $0
- From related orgs
- $100,070
- Other
- $28,597
- Hours/week
- 4 + 36 related
-
Jack J FaussemagneJACK J FAUSSEMAGNE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Stan AndersonSTAN ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeni BogdanJENI BOGDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tyler GainesTYLER GAINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen ThurmanKAREN THURMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacob TzegaebeJACOB TZEGAEBE
DIRECTOR
- 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
-
GEORGIA INSTITUTE OF TECHNOLOGY
$13,291,891
see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members.
-
GEORGIA TECH ATHLETIC ASSOCIATION
$4,509,972
see Part IV. Monitoring of the process consists of periodic financial and operational review by officers and board members.
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 · Edu&Research · GA
Directly controlled by SEE DETAIL
-
GEORGIA TECH RESEARCH CORPORATION
501(C)(3) · Spon RESEARCH · GA
Directly controlled by georgia tech
-
GEORGIA ADVANCED TECHNOLOGY VENTURES
501(C)(3) · ECON DEVELOP. · GA
Directly controlled by georgia tech
-
501(C)(3) · COM. SERVICES · GA
Directly controlled by georgia tech
-
GEORGIA TECH ATHLETIC ASSOCIATION
501(C)(3) · ATHLETICS · GA
Directly controlled by georgia tech
-
501(C)(3) · CHILD CARE CT · GA
Directly controlled by georgia tech
-
GEORGIA TECH APPLIED RESEARCH CORPORATIO
501(C)(3) · Spon RESEARCH · GA
Directly controlled by GEORGIA TECH
-
501(C)(3) · EDUC. SUPPORT · GA
Directly controlled by georgia tech
-
global center for medical innovation
501(c)(3) · MED. DEVICE · GA
Directly controlled by georgia tech
-
GEORGIA TECH PANAMA FOUNDATION
501(c)(3) · GLOBAL SUPPOR · PM
Directly controlled by GT GLOBAL
-
Georgia Tech Shenzhen Fdn for Education
501(c)(3) · Global Suppor · CH
Directly controlled by Georgia Tech
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501279349303295
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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