Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,556,230

• 1f · All other contributions, gifts and grants

  $2,958,125

• 2a · Program service revenue: GRAVF CONTRACT

  total $100,000 · related or exempt $100,000

• 3 · Investment income

  total $671,237 · excluded $671,237

• 6a · Gross rents

  real property $107,547

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $107,547

• 6d · Net rental income or loss

  total $107,547 · excluded $107,547

• 7a · Gross sales of assets other than inventory

  securities $29,668

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $29,668

• 7d · Net gain or loss

  total $29,668 · excluded $29,668

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,647,107 · program services $5,647,107

• 5 · Compensation of officers, directors and key employees

  total $323,021 · program services $193,813 · management and general $113,057 · fundraising $16,151

• 7 · Other salaries and wages

  total $703,241 · program services $131,871 · management and general $569,066 · fundraising $2,304

• 8 · Pension plan contributions

  total $102,060 · program services $41,062 · management and general $59,693 · fundraising $1,305

• 9 · Other employee benefits

  total $96,324 · program services $38,587 · management and general $56,536 · fundraising $1,201

• 10 · Payroll taxes

  total $81,121 · program services $37,189 · management and general $43,932

• 11b · Fees: legal

  total $37,876 · management and general $37,876

• 11c · Fees: accounting

  total $48,990 · management and general $48,990

• 11g · Fees: other

  total $936,895 · program services $571,127 · management and general $292,245 · fundraising $73,523

• 12 · Advertising and promotion

  total $272,716 · program services $4,067 · management and general $268,649

• 13 · Office expenses

  total $222,943 · program services $17,142 · management and general $205,801

• 14 · Information technology

  total $40,527 · management and general $40,527

• 16 · Occupancy

  total $107,146 · management and general $107,146

• 17 · Travel

  total $26,220 · program services $11,800 · management and general $13,109 · fundraising $1,311

• 19 · Conferences, conventions and meetings

  total $7,506 · program services $3,378 · management and general $3,753 · fundraising $375

• 22 · Depreciation, depletion and amortization

  total $13,417 · management and general $13,417

• 23 · Insurance

  total $12,756 · management and general $12,756

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $60,076 · management and general $60,076

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $23,613 · program services $10,626 · management and general $11,806 · fundraising $1,181

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $433,996 · end of year $531,538

• 2 · Savings and temporary cash investments

  beginning of year $14,651,903 · end of year $15,640,542

• 3 · Pledges and grants receivable

  beginning of year $520,000 · end of year $241,000

• 4 · Accounts receivable

  beginning of year $40,851 · end of year $133,587

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,899 · end of year $600

• 10a · Land, buildings and equipment: cost or other basis

  $18,698

• 10b · Land, buildings and equipment: accumulated depreciation

  $9,452

• 10c · Land, buildings and equipment, net

  beginning of year $7,925 · end of year $9,246

• 15 · Other assets

  beginning of year $540,919 · end of year $512,170

• 17 · Accounts payable and accrued expenses

  beginning of year $440,858 · end of year $561,259

• 19 · Deferred revenue

  beginning of year $11,605,792 · end of year $11,747,699

• 25 · Other liabilities

  beginning of year $79,370 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $2,341,288 · end of year $2,294,070

• 28 · Net assets with donor restrictions

  beginning of year $1,759,185 · end of year $2,465,655

The filer's explanations (Part III)

FORM 990, PART VII, LINE 5

GEORGIA RESEARCH ALLIANCE, INC., "GRA", REPORTS PAYROLL FOR EMPLOYEES UNDER ITS EIN BUT ALSO CONTRACTS WITH AN UNRELATED ENTITY, GEORGIA STATE UNIVERSITY, "GSU", FOR THE SERVICES OF ADDITIONAL EMPLOYEES WHOSE PAYROLL IS REPORTED BY GSU. THIS INCLUDES GRA PRESIDENT AND CEO, DR. TIMOTHY DENNING, AND AMANDA SCHROEDER, SENIOR VP EXTERNAL ENGAGEMENT, WHOSE 2024 COMPENSATION OF $325,000 AND $65,334, RESPECTIVELY, WAS REPORTED BY GSU. GRA REIMBURSES GSU FOR COMPENSATION AND BENEFITS OF ALL EMPLOYEES.