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Nonprofiteer
← GEORGIA RESEARCH ALLIANCE INC

Form 990 for tax year 2022

Filed by GEORGIA RESEARCH ALLIANCE INC.

Totals

Total revenue
$8,161,768
Total expenses
$7,885,603
Contributions and grants received
$7,704,286
Grants paid
$3,312,570
Program service revenue
$150,000
Investment income
$174,954
Other revenue
$132,528
Total assets, end of year
$16,516,879
Total liabilities, end of year
$11,992,016
Net assets or fund balances, end of year
$4,524,863
Program services expenses (Part IX)
$6,270,774
Management and general expenses
$1,344,589
Fundraising expenses
$270,240
Program service expenses (Part III)
$6,270,774

Program services were 79.5% 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.

  • 1e · Government grants (contributions)

    $5,891,735

  • 1f · All other contributions, gifts and grants

    $1,812,551

  • 2a · Program service revenue: GRAVF CONTRACT

    total $150,000 · related or exempt $150,000

  • 3 · Investment income

    total $174,954 · excluded $174,954

  • 6a · Gross rents

    real property $132,528

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $132,528

  • 6d · Net rental income or loss

    total $132,528 · excluded $132,528

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,312,570 · program services $3,312,570

  • 5 · Compensation of officers, directors and key employees

    total $373,972 · program services $110,336 · management and general $226,239 · fundraising $37,397

  • 7 · Other salaries and wages

    total $231,046 · program services $68,167 · management and general $139,774 · fundraising $23,105

  • 8 · Pension plan contributions

    total $19,022 · program services $5,612 · management and general $11,508 · fundraising $1,902

  • 9 · Other employee benefits

    total $44,394 · program services $13,098 · management and general $26,857 · fundraising $4,439

  • 10 · Payroll taxes

    total $29,216 · program services $8,620 · management and general $17,674 · fundraising $2,922

  • 11a · Fees: management

    total $198,002 · management and general $198,002

  • 11b · Fees: legal

    total $955 · management and general $955

  • 11c · Fees: accounting

    total $70,902 · management and general $70,902

  • 11g · Fees: other

    total $68,750 · management and general $68,750

  • 12 · Advertising and promotion

    total $222,820 · program services $23,461 · fundraising $199,359

  • 13 · Office expenses

    total $23,488 · program services $242 · management and general $23,246

  • 14 · Information technology

    total $37,856 · management and general $37,856

  • 16 · Occupancy

    total $111,853 · management and general $111,853

  • 17 · Travel

    total $31,566 · program services $7,363 · management and general $24,203

  • 19 · Conferences, conventions and meetings

    total $136,151 · program services $25,875 · management and general $109,160 · fundraising $1,116

  • 22 · Depreciation, depletion and amortization

    total $6,221 · management and general $6,221

  • 23 · Insurance

    total $10,743 · management and general $10,743

  • 24a · Other expenses: SUBCONTRACTED SERVICES

    total $1,583,212 · program services $1,412,930 · management and general $170,282

  • 24b · Other expenses: OUTREACH PROGRAM

    total $1,282,500 · program services $1,282,500

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $64,899 · management and general $64,899

  • 24d · Other expenses: BANK FEES

    total $8,790 · management and general $8,790

  • 24e · All other expenses

    total $16,675 · management and general $16,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,155,939 · end of year $1,684,735

  • 2 · Savings and temporary cash investments

    beginning of year $6,161,164 · end of year $13,204,142

  • 3 · Pledges and grants receivable

    beginning of year $809,563 · end of year $1,034,786

  • 4 · Accounts receivable

    beginning of year $306,882 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,495 · end of year $7,141

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

    $37,643

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

    $28,788

  • 10c · Land, buildings and equipment, net

    beginning of year $8,306 · end of year $8,855

  • 15 · Other assets

    beginning of year $461,136 · end of year $577,220

  • 17 · Accounts payable and accrued expenses

    beginning of year $683,740 · end of year $355,174

  • 19 · Deferred revenue

    beginning of year $3,982,157 · end of year $11,467,002

  • 25 · Other liabilities

    beginning of year $0 · end of year $169,840

  • 27 · Net assets without donor restrictions

    beginning of year $2,767,453 · end of year $2,788,564

  • 28 · Net assets with donor restrictions

    beginning of year $1,473,135 · end of year $1,736,299

Mission and programs · 2022

Mission

REFER TO FORM 990, PART I, LINE 1

Activities or mission (Part I)

TO ALLOW BUSINESS, RESEARCH UNIVERSITIES AND STATE GOVERNMENT TO COLLABORATE TO BUILD A TECHNOLOGY-DRIVEN ECONOMY FUELED BY INNOVATIVE UNIVERSITY RESEARCH.

  • GRA HELPS ATTRACT THE WORLD'S PRE-EMINENT SCIENTISTS TO LEAD EXTRAORDINARY PROGRAMS OF RESEARCH AND DEVELOPMENT AT AFFILIATED GEORGIA RESEARCH UNIVERSITIES. THESE PROGRAMS OFTEN LEAD TO NEW DISCOVERIES IN SCIENCE AND TECHNOLOGY.

    Expenses $976,184 · Grants $828,230

  • GRA SUPPORTS NEW COMPANIES THAT BRING PRODUCTS AND TECHNOLOGIES TO MARKET BY INVESTING IN THE UNIVERSITY TECHNOLOGY NEEDED TO ADVANCE THE COMPANY'S INVENTION IN THE EARLIEST STAGES. GRA VENTURES IS GRA'S SIGNATURE TECHNOLOGY COMMERCIALIZATION PROGRAM. LAUNCHED IN 2002, GRA VENTURES HELPS BUILD HIGH-GROWTH COMPANIES AROUND LABORATORY DISCOVERIES AT GRA'S PARTNER UNIVERSITIES. GRA VENTURES SEEKS OUT UNIVERSITY-BASED RESEARCH INNOVATIONS, EVALUATES THEIR COMMERCIAL POTENTIAL AND PROVIDES RESOURCES TO ADDRESS THE MANAGEMENT, MARKET AND TECHNOLOGY RISKS THAT COME WITH NEW VENTURES.

    Expenses $5,294,590 · Grants $2,484,340

As filed on the 2022 return.

Listed in Part VII

  • MR DAVID RATCLIFFE

    CHAIR

    Total calculated
    $0
    Hours/week
    0

  • MR CHARLES PETE H MCTIER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • SUSAN G SHOWS

    PRESIDENT

    Total calculated
    $373,972
    From this org
    $338,854
    From related orgs
    $0
    Other
    $35,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,746
    Bonus
    $0
    Other
    $12,108
    Deferred
    $0
    Nontaxable benefits
    $35,118
    Filer's total
    $373,972

  • AMY L TODD

    BUSINESS MANAGER

    Total calculated
    $277,123
    From this org
    $219,562
    From related orgs
    $0
    Other
    $57,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,892
    Bonus
    $0
    Other
    $24,670
    Deferred
    $0
    Nontaxable benefits
    $57,561
    Filer's total
    $277,123

  • MR KEVIN BLAIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR ANGEL CABRERA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR GEORGE T FRENCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR LAWRENCE LARRY L GELLERSTEDT I

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR JAMES JIM B HANNAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR ROBERT BOB F HATCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR DOUGLAS DOUG J HERTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR THOMAS TOMMY M HOLDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS DONNA W HYLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR ROBERT BOB S JEPSON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR BROOKS A KEEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR WILLIAM BILL H LINGINFELTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR JERE W MOREHEAD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR CHARLES CHARLIE H OGBURN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR NEIL L PRUITT JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR VALERIE MONTGOMERY RICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR MICHAEL RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS LIZANNE THOMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR CLYDE C TUGGLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR WILLIAM BILL D UNDERWOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR SAMUEL HOLMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR GREGORY L FENVES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR CHAD GREGORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS VENESSA HARRISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS BEATRIZ BEA PEREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR DEBORAH DEBBIE BACKUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DELVECCHIO FINLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • SACHIN SHAILENDRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR SONNY PERDUE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ELIZABETH BETH CHANDLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • HUGH TRIP F SMISSON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • BEN J TARBUTTON III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR CHRIS CLARK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR PAT WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • ART EDISON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MS TERESA L WHITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • BARRY L STOREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • THOMAS P HACKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DR BRIAN BLAKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MRS JANINE BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR DALLAS S CLEMENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MRS KIMBERLY KIM S GREENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR CADE JOINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • MR T DALLAS SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

  • 3 · Approval by the board or compensation committee

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

  • UNIVERSITY OF GEORGIA RESEARCH FOUNDATION

    $1,002,392

    GRA VENTURES GRANTS

  • GEORGIA TECH RESEARCH CORPORATION

    $925,506

    GRA VENTURES GRANTS

  • EMORY UNIVERSITY

    $678,442

    GRA VENTURES GRANTS

  • THE MOREHOUSE SCHOOL OF MEDICINE INC

    $500,000

    GRA VENTURES GRANTS

  • GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION

    $124,230

    GRA VENTURE GRANTS

  • CLARK ATLANTA UNIVERSITY

    $28,500

    GRA VENTURES GRANTS

  • AUGUSTA UNIVERSITY

    $28,500

    GRA VENTURES GRANTS

  • KENNESAW STATE UNIVERSITY RESEARCH

    $25,000

    GRA VENTURES GRANTS

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202441289349302509

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