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Nonprofiteer
← GEORGIA TECH GLOBAL INC

Form 990 for tax year 2023

Filed by GEORGIA TECH GLOBAL INC.

Totals

Total revenue
$435,500
Total expenses
$439,051
Contributions and grants received
$435,500
Grants paid
$378,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$72,583
Total liabilities, end of year
$15,197
Net assets or fund balances, end of year
$57,386
Program services expenses (Part IX)
$378,000
Management and general expenses
$61,051
Fundraising expenses
$0
Program service expenses (Part III)
$378,000

Program services were 86.1% 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

    $375,000

  • 1f · All other contributions, gifts and grants

    $60,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 3 · Grants to foreign organizations and individuals

    total $375,000 · program services $375,000

  • 11b · Fees: legal

    total $38,045 · management and general $38,045

  • 11c · Fees: accounting

    total $20,150 · management and general $20,150

  • 13 · Office expenses

    total $22 · management and general $22

  • 23 · Insurance

    total $2,834 · management and general $2,834

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,463 · end of year $72,583

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,526 · end of year $15,197

  • 27 · Net assets without donor restrictions

    beginning of year $51,402 · end of year $47,851

  • 28 · Net assets with donor restrictions

    beginning of year $9,535 · end of year $9,535

Mission and programs · 2023

Mission

TO ENGAGE IN CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES AND TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF GEORGIA INSTITUTE OF TECHNOLOGY (GIT) AND TO SUPPORT THE INTERNATIONAL ACTIVITIES AND INITIATIVES OF GIT.

Activities or mission (Part I)

TO ENGAGE IN CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES AND TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF GEORGIA INSTITUTE OF TECHNOLOGY (GIT) IN SUPPORT OF ITS INTERNATIONAL ACTIVITIES AND INITIATIVES.

  • THE ORGANIZATION SUPPORTS THE INTERNATIONAL INITIATIVES AND ACTIVITIES OF GEORGIA INSTITUTE OF TECHNOLOGY (GIT), INCLUDING PROGRAMS IN CHINA, FRANCE, AND OTHER LOCATIONS OUTSIDE OF THE UNITED STATES.

    Expenses $378,000 · Grants $378,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charlie Moseley

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Oscar Gallego

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bin Lu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Shantay Bolton

    DIRECTOR FROM 8/14/23

    Total calculated
    $238,634
    From this org
    $0
    From related orgs
    $213,404
    Other
    $25,230
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,256 related
    Bonus
    $0
    Other
    $0 + $24,148 related
    Deferred
    $0 + $15,400 related
    Nontaxable benefits
    $0 + $9,830 related
    Filer's total
    $0 + $238,634 related
  • Steven McLaughlin

    DIRECTOR

    Total calculated
    $649,830
    From this org
    $0
    From related orgs
    $595,022
    Other
    $54,808
    Hours/week
    0.5 + 39.5 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
  • Bernard Kippelen

    PRESIDENT

    Total calculated
    $377,086
    From this org
    $0
    From related orgs
    $318,918
    Other
    $58,168
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,218 related
    Nontaxable benefits
    $0 + $27,950 related
    Filer's total
    $0 + $377,086 related
  • Iyonka Strawn-Valcy

    VICE-PRESIDENT

    Total calculated
    $212,333
    From this org
    $0
    From related orgs
    $160,105
    Other
    $52,228
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,457 related
    Bonus
    $0
    Other
    $0 + $648 related
    Deferred
    $0 + $33,437 related
    Nontaxable benefits
    $0 + $18,791 related
    Filer's total
    $0 + $212,333 related
  • Tanesha Steward

    SECRETARY

    Total calculated
    $188,298
    From this org
    $0
    From related orgs
    $140,707
    Other
    $47,591
    Hours/week
    2 + 38 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
  • Cortrella Greer

    ASST SECRETARY TO 12/1/23

    Total calculated
    $96,297
    From this org
    $0
    From related orgs
    $69,641
    Other
    $26,656
    Hours/week
    1 + 39 related
  • Holly Seel

    TREASURER

    Total calculated
    $154,232
    From this org
    $0
    From related orgs
    $117,592
    Other
    $36,640
    Hours/week
    2 + 38 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
  • Joseph Tesoriero

    ASSISTANT TREASURER

    Total calculated
    $156,852
    From this org
    $0
    From related orgs
    $130,735
    Other
    $26,117
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,921 related
    Nontaxable benefits
    $0 + $196 related
    Filer's total
    $0 + $156,852 related
  • Amy Herron

    FORMER TREASURER TO 3/3/22

    Total calculated
    $266,610
    From this org
    $0
    From related orgs
    $194,663
    Other
    $71,947
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,872 related
    Bonus
    $0
    Other
    $0 + $791 related
    Deferred
    $0 + $41,159 related
    Nontaxable benefits
    $0 + $30,788 related
    Filer's total
    $0 + $266,610 related
  • Kelly MacArthur

    FORMER TREASURER TO 9/7/22

    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
    $0 + $116,543 related
    Bonus
    $0
    Other
    $0 + $674 related
    Deferred
    $0 + $24,674 related
    Nontaxable benefits
    $0 + $14,188 related
    Filer's total
    $0 + $156,079 related

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202540299349301249

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